Question 1

What is Expedia Group's P/FCF ratio?

Accepted Answer

Expedia Group (EXPE) P/FCF ratio is 6.8× 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 Expedia Group?

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 Expedia Group specifically, the relevant sector benchmark is the current sector median of 17.1×.

Question 5

Is Expedia Group's P/FCF ratio high or low?

Accepted Answer

Expedia Group's P/FCF ratio of 6.8× is below its own 5-year average of 7.8× and below the sector median of 17.1×. That places the current reading at the 31th 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 Expedia Group's historical P/FCF ratio range?

Accepted Answer

In the available daily series, Expedia Group (EXPE) P/FCF ratio has ranged from a low of 3.3× in 2008 to a high of 28.8× in 2016. The 5-year average is 7.8× and the 5-year median is 7.8×.

Question 7

What was Expedia Group's P/FCF ratio in 2025?

Accepted Answer

Expedia Group (EXPE) P/FCF ratio at the end of 2025 was 9.4×. 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 Expedia Group'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	$34.8B	$3.7B	9.4×	+0.9×	Dec 31, 2025
2024	$24.5B	$2.89B	8.5×	-2.9×	Dec 31, 2024
2023	$21B	$1.84B	11.4×	+6.5×	Dec 31, 2023
2022	$13.6B	$2.78B	4.9×	-4.1×	Dec 31, 2022
2021	$27.7B	$3.08B	9.0×	—	Dec 31, 2021
2020	$18.9B	-$4.63B	—	—	Dec 31, 2020
2019	$15.6B	$1.61B	9.7×	-5.5×	Dec 31, 2019
2018	$16.7B	$1.1B	15.3×	-1.5×	Dec 31, 2018
2017	$18.2B	$1.09B	16.7×	-4.2×	Dec 31, 2017
2016	$17.1B	$815M	20.9×	-6.4×	Dec 31, 2016
2015	$15.9B	$581M	27.4×	+16.9×	Dec 31, 2015
2014	$10.9B	$1.04B	10.5×	-9.6×	Dec 31, 2014
2013	$9.15B	$455M	20.1×	+11.8×	Dec 31, 2013
2012	$8.3B	$1B	8.3×	+3.6×	Dec 31, 2012
2011	$3.88B	$822M	4.7×	-0.8×	Dec 31, 2011
2010	$3.46B	$622M	5.6×	-0.8×	Dec 31, 2010
2009	$3.71B	$584M	6.4×	+3.1×	Dec 31, 2009
2008	$1.18B	$361M	3.3×	-3.9×	Dec 31, 2008
2007	$4.49B	$625M	7.2×	+0.6×	Dec 31, 2007
2006	$3.46B	$525M	6.6×	+1.5×	Dec 31, 2006
2005	$4.03B	$798M	5.1×	—	Dec 31, 2005


Tapestry (TPR)	16.0×
DraftKings (DKNG)	15.5×
Avery Dennison (AVY)	15.2×
Wynn Resorts (WYNN)	15.1×
NVR (NVR)	14.9×
Booking Holdings (BKNG)	14.7×
D.R. Horton (DHI)	14.2×
V.F. (VFC)	12.6×
Deckers Outdoor (DECK)	12.0×
Carnival Corporation (CCL)	11.9×
Lululemon Athletica (LULU)	11.6×
Toll Brothers (TOL)	11.1×
Hasbro (HAS)	9.8×
PDD Holdings (PDD)	9.5×
LKQ (LKQ)	9.3×
KB Home (KBH)	8.8×
Mohawk Industries (MHK)	8.4×
MercadoLibre (MELI)	8.2×
Best Buy Co. (BBY)	7.9×
Etsy (ETSY)	7.2×
Leggett & Platt (LEG)	6.6×
Weyco Group (WEYS)	6.2×
MGM Resorts (MGM)	5.5×
Ford Motor (F)	4.8×
General Motors (GM)	4.3×

P/FCF Ratio for Expedia Group (EXPE) 2005-2026

P/FCF Ratio daily chart for Expedia Group (EXPE)

Historical P/FCF Ratio for Expedia Group (EXPE) from 2005 to 2025

About P/FCF Ratio at Expedia Group (EXPE)

Expedia Group P/FCF Ratio by Year

Expedia Group P/FCF Ratio 2025: 9.4×

Expedia Group P/FCF Ratio 2024: 8.5×

Expedia Group P/FCF Ratio 2023: 11.4×

Expedia Group P/FCF Ratio 2022: 4.9×

Expedia Group P/FCF Ratio 2021: 9.0×

Sector peers by P/FCF Ratio — chart

Sector peers by P/FCF Ratio — table

Frequently asked questions

Expedia Group (EXPE) Key Financials