Question 1

What is Equillium's P/FCF ratio?

Accepted Answer

Equillium (EQ) P/FCF ratio is 8.5× as of March 22, 2024. The ratio is calculated by dividing market capitalisation by trailing twelve-month free cash flow, using USD-normalised financials (IAS 21 exchange-rate translation for non-USD reporters).

Question 2

How is the P/FCF ratio calculated?

Accepted Answer

P/FCF = Market Capitalisation ÷ Trailing Twelve-Month (TTM) Free Cash Flow, where Free Cash Flow = Operating Cash Flow − Capital Expenditures. All inputs are sourced from audited GAAP/IFRS filings and translated to USD using period-end exchange rates so the multiple is comparable across companies and currencies.

Question 3

What is the P/FCF ratio?

Accepted Answer

The price-to-free-cash-flow (P/FCF) ratio compares a company's market capitalisation to its trailing twelve-month (TTM) free cash flow. It is calculated as market cap ÷ TTM free cash flow, where free cash flow = operating cash flow − capital expenditures. Because FCF cannot be inflated by non-cash accounting items, P/FCF is often considered a cleaner measure of "earnings-power valuation" than P/E — especially for capital-intensive businesses where depreciation diverges from real cash outflows.

Question 4

What is a good P/FCF ratio for Equillium?

Accepted Answer

Mature companies that consistently convert profit into cash often trade at 15–25× P/FCF; capital-intensive businesses with lumpy capex typically trade lower. Compare against sector peers and against the company's own multi-year average — single-year P/FCF can be distorted by working-capital swings. For Equillium specifically, the relevant sector benchmark is the current sector median of 19.7×.

Question 5

Is Equillium's P/FCF ratio high or low?

Accepted Answer

Equillium's P/FCF ratio of 8.5× is below its own 5-year average of 29.9× and below the sector median of 19.7×. That places the current reading at the 58th percentile of its 10-year history. A higher multiple usually reflects stronger expected growth, lower perceived risk, or higher returns on capital; a lower multiple reflects the opposite.

Question 6

What is Equillium's historical P/FCF ratio range?

Accepted Answer

In the available daily series, Equillium (EQ) P/FCF ratio has ranged from a low of 1.4× in 2023 to a high of 66.1× in 2023. The 5-year average is 29.9× and the 5-year median is 29.9×.

Question 7

Why does Equillium's P/FCF ratio change over time?

Accepted Answer

Valuation multiples move with two inputs: the numerator (market capitalisation, which tracks the share price) and the denominator (free cash flow). Share-price changes — driven by interest rates, earnings expectations, risk appetite, and broader market sentiment — typically dominate short-term moves, while changes in the underlying fundamental drive the longer-term trend. As a result, the ratio can rise during stock-price rallies even if the business itself has not become more valuable, and fall during sell-offs even when fundamentals are improving.


2025	$142.42M	−$22.79M	—	—	Dec 31, 2025
2024	$26.45M	−$19.11M	—	—	Dec 31, 2024
2023	$25.42M	−$21.83M	—	—	Dec 31, 2023
2022	$36.43M	−$9.01M	—	—	Dec 31, 2022
2021	$110.88M	−$32.14M	—	—	Dec 31, 2021
2020	$132.32M	−$24.83M	—	—	Dec 31, 2020
2019	$58.76M	−$23.02M	—	—	Dec 31, 2019
2018	$132.27M	−$7.56M	—	—	Dec 31, 2018


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P/FCF Ratio for Equillium (EQ)

P/FCF Ratio daily chart for Equillium (EQ)

Historical P/FCF Ratio for Equillium (EQ) from 2018 to 2025

About P/FCF Ratio at Equillium (EQ)

Sector peers by P/FCF Ratio — chart

Sector peers by P/FCF Ratio — table

Frequently asked questions

Equillium (EQ) Key Financials

P/FCF Ratio daily chart for Equillium (EQ)

Historical P/FCF Ratio for Equillium (EQ) from 2018 to 2025

About P/FCF Ratio at Equillium (EQ)

Sector peers by P/FCF Ratio — chart

Sector peers by P/FCF Ratio — table

Frequently asked questions

+What is Equillium's P/FCF ratio?

+How is the P/FCF ratio calculated?

+What is the P/FCF ratio?

+What is a good P/FCF ratio for Equillium?

+Is Equillium's P/FCF ratio high or low?

+What is Equillium's historical P/FCF ratio range?

+Why does Equillium's P/FCF ratio change over time?

Equillium (EQ) Key Financials