Question 1

What is Eversource Energy's P/FCF ratio?

Accepted Answer

Eversource Energy (ES) P/FCF ratio is 118.5× as of July 22, 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 Eversource Energy?

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 Eversource Energy specifically, the relevant sector benchmark is the current sector median of 45.4×.

Question 5

Is Eversource Energy's P/FCF ratio high or low?

Accepted Answer

Eversource Energy's P/FCF ratio of 118.5× is above its own 5-year average of 110.1× and above the sector median of 45.4×. That places the current reading at the 88th 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 Eversource Energy's historical P/FCF ratio range?

Accepted Answer

In the available daily series, Eversource Energy (ES) P/FCF ratio has ranged from a low of 9.4× in 2004 to a high of 2737.0× in 2015. The 5-year average is 110.1× and the 5-year median is 110.1×.

Question 7

What was Eversource Energy's P/FCF ratio in 2016?

Accepted Answer

Eversource Energy (ES) P/FCF ratio at the end of 2016 was 88.5×. 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 Eversource Energy'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	$25.3B	-$45.1M	—	—	Dec 31, 2025
2024	$21B	-$2.32B	—	—	Dec 31, 2024
2023	$21.6B	-$2.69B	—	—	Dec 31, 2023
2022	$29.2B	-$1.04B	—	—	Dec 31, 2022
2021	$31.3B	-$1.21B	—	—	Dec 31, 2021
2020	$29.7B	-$1.26B	—	—	Dec 31, 2020
2019	$27.6B	-$902M	—	—	Dec 31, 2019
2018	$20.6B	-$739M	—	—	Dec 31, 2018
2017	$20.1B	-$343M	—	—	Dec 31, 2017
2016	$17.5B	$198M	88.5×	—	Dec 31, 2016
2015	$16.2B	-$300M	—	—	Dec 31, 2015
2014	$17B	$31.7M	534.2×	+469.5×	Dec 31, 2014
2013	$13.4B	$207M	64.7×	—	Dec 31, 2013
2012	$12.3B	-$311M	—	—	Dec 31, 2012
2011	$6.4B	-$106M	—	—	Dec 31, 2011
2010	$5.63B	$139M	40.5×	-14.4×	Dec 31, 2010
2009	$4.45B	$81M	55.0×	—	Dec 31, 2009
2008	$3.74B	-$606M	—	—	Dec 31, 2008
2007	$4.85B	-$866M	—	—	Dec 31, 2007
2006	$4.33B	-$465M	—	—	Dec 31, 2006
2005	$2.59B	-$334M	—	—	Dec 31, 2005
2004	$2.42B	-$127M	—	—	Dec 31, 2004
2003	$2.56B	$41.3M	62.0×	+48.4×	Dec 31, 2003
2002	$1.96B	$144M	13.6×	—	Dec 31, 2002


Constellation Energy (CEG)	86.9×
NextEra Energy (NEE)	82.1×
American States Water (AWR)	77.8×
Middlesex Water (MSEX)	63.1×
Vistra (VST)	45.4×
UGI (UGI)	32.9×
FirstEnergy (FE)	16.3×
Duke Energy (DUK)	15.4×
Consolidated Edison (ED)	14.6×
American Electric Power Company (AEP)	9.3×

P/FCF Ratio for Eversource Energy (ES) 2002-2026

P/FCF Ratio daily chart for Eversource Energy (ES)

Historical P/FCF Ratio for Eversource Energy (ES) from 2002 to 2025

About P/FCF Ratio at Eversource Energy (ES)

Eversource Energy P/FCF Ratio by Year

Eversource Energy P/FCF Ratio 2016: 88.5×

Eversource Energy P/FCF Ratio 2014: 534.2×

Eversource Energy P/FCF Ratio 2013: 64.7×

Eversource Energy P/FCF Ratio 2010: 40.5×

Eversource Energy P/FCF Ratio 2009: 55.0×

Sector peers by P/FCF Ratio — chart

Sector peers by P/FCF Ratio — table

Frequently asked questions

Eversource Energy (ES) Key Financials