Question 1

What is Etsy's P/FCF ratio?

Accepted Answer

Etsy (ETSY) P/FCF ratio is 12.0× 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 Etsy?

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 Etsy specifically, the relevant sector benchmark is the current sector median of 17.8×.

Question 5

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

Accepted Answer

Etsy's P/FCF ratio of 12.0× is below its own 5-year average of 18.4× and below the sector median of 17.8×. That places the current reading at the 34th 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 Etsy's historical P/FCF ratio range?

Accepted Answer

In the available daily series, Etsy (ETSY) P/FCF ratio has ranged from a low of 6.6× in 2025 to a high of 2197.7× in 2016. The 5-year average is 18.4× and the 5-year median is 13.1×.

Question 7

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

Accepted Answer

Etsy (ETSY) P/FCF ratio at the end of 2025 was 8.5×. 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 Etsy'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	$5.44B	$638.75M	8.5×	-0.1×	Dec 31, 2025
2024	$6.08B	$708.97M	8.6×	-6.0×	Dec 31, 2024
2023	$9.69B	$665.61M	14.6×	-8.5×	Dec 31, 2023
2022	$15.05B	$652.87M	23.1×	-21.7×	Dec 31, 2022
2021	$27.84B	$621.52M	44.8×	+11.4×	Dec 31, 2021
2020	$22.41B	$671.85M	33.4×	+6.0×	Dec 31, 2020
2019	$5.25B	$191.64M	27.4×	-4.7×	Dec 31, 2019
2018	$5.72B	$178.11M	32.1×	-13.7×	Dec 31, 2018
2017	$2.49B	$54.26M	45.8×	-2151.9×	Dec 31, 2017
2016	$1.36B	$618.00K	2197.7×	+2087.6×	Dec 31, 2016
2015	$922.46M	$8.38M	110.1×	-1012.9×	Dec 31, 2015
2014	$2.81B	$2.50M	1123.0×	+1010.4×	Dec 31, 2014
2013	$988.30M	$8.78M	112.6×	—	Dec 31, 2013


Las Vegas Sands (LVS)	15.5×
DraftKings (DKNG)	15.5×
Avery Dennison (AVY)	15.2×
Wynn Resorts (WYNN)	15.1×
NVR (NVR)	14.9×
Booking Holdings (BKNG)	14.7×
Carnival Corporation (CCL)	14.6×
PulteGroup (PHM)	13.7×
Masco (MAS)	13.0×
V.F. (VFC)	12.6×
Deckers Outdoor (DECK)	12.0×
Lululemon Athletica (LULU)	11.6×
D.R. Horton (DHI)	11.3×
Toll Brothers (TOL)	11.1×
LKQ (LKQ)	9.3×
Hasbro (HAS)	9.3×
Mohawk Industries (MHK)	8.4×
MercadoLibre (MELI)	8.2×
Best Buy Co. (BBY)	7.9×
Leggett & Platt (LEG)	6.6×
Weyco Group (WEYS)	6.2×
Expedia Group (EXPE)	6.0×
General Motors (GM)	5.5×
MGM Resorts (MGM)	5.5×
Ford Motor (F)	3.9×

P/FCF Ratio for Etsy (ETSY)

P/FCF Ratio daily chart for Etsy (ETSY)

Historical P/FCF Ratio for Etsy (ETSY) from 2013 to 2025

About P/FCF Ratio at Etsy (ETSY)

Etsy P/FCF Ratio by Year

Etsy P/FCF Ratio 2025: 8.5×

Etsy P/FCF Ratio 2024: 8.6×

Etsy P/FCF Ratio 2023: 14.6×

Etsy P/FCF Ratio 2022: 23.1×

Etsy P/FCF Ratio 2021: 44.8×

Sector peers by P/FCF Ratio — chart

Sector peers by P/FCF Ratio — table

Frequently asked questions

Etsy (ETSY) Key Financials

P/FCF Ratio daily chart for Etsy (ETSY)

Historical P/FCF Ratio for Etsy (ETSY) from 2013 to 2025

About P/FCF Ratio at Etsy (ETSY)

Etsy P/FCF Ratio by Year

Etsy P/FCF Ratio 2025: 8.5×

Etsy P/FCF Ratio 2024: 8.6×

Etsy P/FCF Ratio 2023: 14.6×

Etsy P/FCF Ratio 2022: 23.1×

Etsy P/FCF Ratio 2021: 44.8×

Sector peers by P/FCF Ratio — chart

Sector peers by P/FCF Ratio — table

Frequently asked questions

+What is Etsy'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 Etsy?

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

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

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

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

Etsy (ETSY) Key Financials