Question 1

What is Expand Energy's P/FCF ratio?

Accepted Answer

Expand Energy (EXE) P/FCF ratio is 7.8× 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 Expand 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 Expand Energy specifically, the relevant sector benchmark is the current sector median of 22.1×.

Question 5

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

Accepted Answer

Expand Energy's P/FCF ratio of 7.8× is below its own 5-year average of 306.0× and below the sector median of 22.1×. That places the current reading at the 25th 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 Expand Energy's historical P/FCF ratio range?

Accepted Answer

In the available daily series, Expand Energy (EXE) P/FCF ratio has ranged from a low of 0.0× in 2013 to a high of 6591.3× in 2025. The 5-year average is 306.0× and the 5-year median is 10.9×.

Question 7

What was Expand Energy's P/FCF ratio in 2025?

Accepted Answer

Expand Energy (EXE) P/FCF ratio at the end of 2025 was 15.5×. 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 Expand 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	$26.3B	$1.7B	15.5×	-5747.0×	Dec 31, 2025
2024	$23B	$4M	5762.4×	+5744.1×	Dec 31, 2024
2023	$10.1B	$551M	18.3×	+12.8×	Dec 31, 2023
2022	$12.7B	$2.3B	5.5×	-1.7×	Dec 31, 2022
2021	$7.61B	$1.05B	7.2×	-11.8×	Dec 31, 2021
2020	$419M	$22M	19.0×	—	Dec 31, 2020
2019	$417M	-$640M	—	—	Dec 31, 2019
2018	$195M	-$267M	—	—	Dec 31, 2018
2017	$194M	-$1.75B	—	—	Dec 31, 2017
2016	$163M	-$1.72B	—	—	Dec 31, 2016
2015	$142M	$558M	0.3×	+0.2×	Dec 31, 2015
2014	$141M	$2.6B	0.1×	+0.0×	Dec 31, 2014
2013	$140M	$2.64B	0.1×	+0.0×	Dec 31, 2013
2012	$138M	$4.55B	0.0×	—	Dec 31, 2012
2011	$137M	-$8.55B	—	—	Dec 31, 2011
2010	$135M	-$8.4B	—	—	Dec 31, 2010
2009	$132M	-$4.54B	—	—	Dec 31, 2009
2008	$121M	-$3.84B	—	—	Dec 31, 2008
2007	$102M	-$4.77B	—	—	Dec 31, 2007
2006	$90.9M	-$3.43B	—	—	Dec 31, 2006
2005	$68.9M	-$4.3B	—	—	Dec 31, 2005
2004	$60.2M	-$1.89B	—	—	Dec 31, 2004
2003	$47.9M	$146M	0.3×	—	Dec 31, 2003
2002	$39M	-$4.76M	—	—	Dec 31, 2002


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×
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×
EOG Resources (EOG)	18.9×
Energy Transfer LP (ET)	18.2×
Occidental Petroleum (OXY)	17.8×
SLB (SLB)	16.5×
Halliburton (HAL)	16.5×
Marathon Petroleum (MPC)	12.6×
Valero Energy (VLO)	12.4×
Devon Energy (DVN)	11.9×
ConocoPhillips (COP)	10.5×
APA (APA)	10.1×

P/FCF Ratio for Expand Energy (EXE) 2003-2026

P/FCF Ratio daily chart for Expand Energy (EXE)

Historical P/FCF Ratio for Expand Energy (EXE) from 2002 to 2025

About P/FCF Ratio at Expand Energy (EXE)

Expand Energy P/FCF Ratio by Year

Expand Energy P/FCF Ratio 2025: 15.5×

Expand Energy P/FCF Ratio 2024: 5762.4×

Expand Energy P/FCF Ratio 2023: 18.3×

Expand Energy P/FCF Ratio 2022: 5.5×

Expand Energy P/FCF Ratio 2021: 7.2×

Sector peers by P/FCF Ratio — chart

Sector peers by P/FCF Ratio — table

Frequently asked questions

Expand Energy (EXE) Key Financials