Question 1

What is EQT's P/FCF ratio?

Accepted Answer

EQT (EQT) P/FCF ratio is 8.3× as of June 5, 2026. 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 EQT?

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 EQT specifically, the relevant sector benchmark is the current sector median of 19.3×.

Question 5

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

Accepted Answer

EQT's P/FCF ratio of 8.3× is below its own 5-year average of 26.3× and below the sector median of 19.3×. That places the current reading at the 22th 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 EQT's historical P/FCF ratio range?

Accepted Answer

In the available daily series, EQT (EQT) P/FCF ratio has ranged from a low of 4.9× in 2023 to a high of 427.8× in 2002. The 5-year average is 26.3× and the 5-year median is 13.6×.

Question 7

What was EQT's P/FCF ratio in 2025?

Accepted Answer

EQT (EQT) P/FCF ratio at the end of 2025 was 11.8×. Annual values reflect the multiple on the last trading day of each calendar year, using the trailing twelve-month free cash flow figure available at that date.

Question 8

Why does EQT'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	$33.48B	$2.85B	11.8×	-36.7×	Dec 31, 2025
2024	$27.78B	$573.26M	48.5×	+34.6×	Dec 31, 2024
2023	$16.11B	$1.16B	13.9×	+7.9×	Dec 31, 2023
2022	$12.39B	$2.07B	6.0×	-7.6×	Dec 31, 2022
2021	$8.24B	$607.32M	13.6×	+6.6×	Dec 31, 2021
2020	$3.46B	$495.47M	7.0×	-4.2×	Dec 31, 2020
2019	$2.78B	$249.25M	11.2×	—	Dec 31, 2019
2018	$4.81B	−$755.51M	—	—	Dec 31, 2018
2017	$6.78B	−$1.12B	—	—	Dec 31, 2017
2016	$6.16B	−$1.53B	—	—	Dec 31, 2016
2015	$4.33B	−$1.22B	—	—	Dec 31, 2015
2014	$6.25B	−$1.04B	—	—	Dec 31, 2014
2013	$7.37B	−$600.50M	—	—	Dec 31, 2013
2012	$4.81B	−$578.52M	—	—	Dec 31, 2012
2011	$4.46B	−$359.02M	—	—	Dec 31, 2011
2010	$3.63B	−$461.25M	—	—	Dec 31, 2010
2009	$3.13B	−$238.17M	—	—	Dec 31, 2009
2008	$2.38B	−$834.84M	—	—	Dec 31, 2008
2007	$3.52B	−$349.95M	—	—	Dec 31, 2007
2006	$2.73B	$214.75M	12.7×	—	Dec 31, 2006
2005	$2.39B	−$587.76M	—	—	Dec 31, 2005
2004	$2.01B	−$25.99M	—	—	Dec 31, 2004
2003	$1.45B	−$100.47M	—	—	Dec 31, 2003
2002	$1.18B	−$5.48M	—	—	Dec 31, 2002
2001	$1.16B	−$2.81M	—	—	Dec 31, 2001


Phillips 66 (PSX)	615.5×
Targa Resources (TRGP)	205.8×
Williams Companies (WMB)	123.3×
Enbridge (ENB)	73.7×
Texas Pacific Land (TPL)	66.3×
Exxon Mobil (XOM)	37.8×
Diamondback Energy (FANG)	35.1×
Enphase Energy (ENPH)	34.2×
Chevron (CVX)	30.6×
National Fuel Gas (NFG)	29.1×
Baker Hughes (BKR)	26.4×
ONEOK (OKE)	25.4×
Halliburton (HAL)	19.4×
Kinder Morgan (KMI)	19.2×
EOG Resources (EOG)	18.2×
Energy Transfer LP (ET)	18.2×
Occidental Petroleum (OXY)	17.8×
SLB (SLB)	16.5×
First Solar (FSLR)	12.7×
Marathon Petroleum (MPC)	12.6×
Valero Energy (VLO)	12.4×
Devon Energy (DVN)	11.6×
APA (APA)	10.1×
Expand Energy (EXE)	9.2×
ConocoPhillips (COP)	8.8×

P/FCF Ratio for EQT (EQT)

P/FCF Ratio daily chart for EQT (EQT)

Historical P/FCF Ratio for EQT (EQT) from 2001 to 2025

About P/FCF Ratio at EQT (EQT)

EQT P/FCF Ratio by Year

EQT P/FCF Ratio 2025: 11.8×

EQT P/FCF Ratio 2024: 48.5×

EQT P/FCF Ratio 2023: 13.9×

EQT P/FCF Ratio 2022: 6.0×

EQT P/FCF Ratio 2021: 13.6×

Sector peers by P/FCF Ratio — chart

Sector peers by P/FCF Ratio — table

Frequently asked questions

EQT (EQT) Key Financials

P/FCF Ratio daily chart for EQT (EQT)

Historical P/FCF Ratio for EQT (EQT) from 2001 to 2025

About P/FCF Ratio at EQT (EQT)

EQT P/FCF Ratio by Year

EQT P/FCF Ratio 2025: 11.8×

EQT P/FCF Ratio 2024: 48.5×

EQT P/FCF Ratio 2023: 13.9×

EQT P/FCF Ratio 2022: 6.0×

EQT P/FCF Ratio 2021: 13.6×

Sector peers by P/FCF Ratio — chart

Sector peers by P/FCF Ratio — table

Frequently asked questions

+What is EQT'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 EQT?

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

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

+What was EQT's P/FCF ratio in 2025?

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

EQT (EQT) Key Financials