Question 1

What is F5's P/FCF ratio?

Accepted Answer

F5 (FFIV) P/FCF ratio is 23.4× 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 F5?

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 F5 specifically, the relevant sector benchmark is the current sector median of 21.6×.

Question 5

Is F5's P/FCF ratio high or low?

Accepted Answer

F5's P/FCF ratio of 23.4× is above its own 5-year average of 18.5× and above the sector median of 21.6×. That places the current reading at the 97th 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 F5's historical P/FCF ratio range?

Accepted Answer

In the available daily series, F5 (FFIV) P/FCF ratio has ranged from a low of 8.8× in 2009 to a high of 102.2× in 2002. The 5-year average is 18.5× and the 5-year median is 18.2×.

Question 7

What was F5's P/FCF ratio in 2025?

Accepted Answer

F5 (FFIV) P/FCF ratio at the end of 2025 was 20.6×. 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 F5'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	$18.63B	$906.41M	20.6×	+3.7×	Sep 30, 2025
2024	$12.86B	$762.01M	16.9×	+0.9×	Sep 30, 2024
2023	$9.55B	$599.23M	15.9×	-5.2×	Sep 30, 2023
2022	$8.65B	$409.01M	21.1×	+1.6×	Sep 30, 2022
2021	$12.03B	$614.54M	19.6×	+7.1×	Sep 30, 2021
2020	$7.51B	$600.96M	12.5×	-0.6×	Sep 30, 2020
2019	$8.46B	$644.30M	13.1×	-3.2×	Sep 30, 2019
2018	$11.54B	$707.60M	16.3×	+5.4×	Sep 30, 2018
2017	$7.61B	$697.60M	10.9×	-1.8×	Sep 30, 2017
2016	$8.20B	$643.30M	12.7×	-0.6×	Sep 30, 2016
2015	$8.22B	$617.46M	13.3×	-3.3×	Sep 30, 2015
2014	$8.77B	$526.27M	16.7×	+2.4×	Sep 30, 2014
2013	$6.74B	$473.11M	14.2×	-3.5×	Sep 30, 2013
2012	$8.27B	$465.32M	17.8×	+2.7×	Sep 30, 2012
2011	$5.73B	$380.78M	15.1×	-12.4×	Sep 30, 2011
2010	$8.26B	$300.99M	27.5×	+11.1×	Sep 30, 2010
2009	$3.11B	$189.61M	16.4×	+4.8×	Sep 30, 2009
2008	$1.92B	$165.77M	11.6×	-9.1×	Sep 30, 2008
2007	$3.18B	$153.20M	20.7×	+10.4×	Sep 30, 2007
2006	$1.08B	$103.98M	10.4×	-11.7×	Sep 30, 2006
2005	$1.67B	$75.69M	22.1×	+10.5×	Sep 30, 2005
2004	$402.88M	$34.81M	11.6×	-36.7×	Sep 30, 2004
2003	$580.26M	$12.03M	48.3×	+17.6×	Sep 30, 2003
2002	$193.30M	$6.31M	30.7×	—	Sep 30, 2002


Intuit (INTU)	13.9×
Okta (OKTA)	13.8×
EPAM Systems (EPAM)	13.4×
Zebra Technologies (ZBRA)	12.2×
Skyworks Solutions (SWKS)	11.9×
Cognizant (CTSH)	11.8×
NetApp (NTAP)	11.5×
Duolingo (DUOL)	11.1×
Block (XYZ)	11.0×
QUALCOMM (QCOM)	10.8×
Workday (WDAY)	10.5×
Salesforce (CRM)	10.5×
Qorvo (QRVO)	10.4×
Adobe (ADBE)	10.4×
Accenture (ACN)	10.3×
Fidelity National Information Services (FIS)	8.7×
DocuSign (DOCU)	8.0×
Gen Digital (GEN)	7.5×
Fiserv (FISV)	7.2×
Hewlett Packard Enterprise (HPE)	6.8×
GoDaddy (GDDY)	6.7×
Science Applications International (SAIC)	6.7×
Strategy (MSTR)	5.5×
HP (HPQ)	5.1×
Lyft (LYFT)	4.5×

P/FCF Ratio for F5 (FFIV)

P/FCF Ratio daily chart for F5 (FFIV)

Historical P/FCF Ratio for F5 (FFIV) from 2002 to 2025

About P/FCF Ratio at F5 (FFIV)

F5 P/FCF Ratio by Year

F5 P/FCF Ratio 2025: 20.6×

F5 P/FCF Ratio 2024: 16.9×

F5 P/FCF Ratio 2023: 15.9×

F5 P/FCF Ratio 2022: 21.1×

F5 P/FCF Ratio 2021: 19.6×

Sector peers by P/FCF Ratio — chart

Sector peers by P/FCF Ratio — table

Frequently asked questions

F5 (FFIV) Key Financials

P/FCF Ratio daily chart for F5 (FFIV)

Historical P/FCF Ratio for F5 (FFIV) from 2002 to 2025

About P/FCF Ratio at F5 (FFIV)

F5 P/FCF Ratio by Year

F5 P/FCF Ratio 2025: 20.6×

F5 P/FCF Ratio 2024: 16.9×

F5 P/FCF Ratio 2023: 15.9×

F5 P/FCF Ratio 2022: 21.1×

F5 P/FCF Ratio 2021: 19.6×

Sector peers by P/FCF Ratio — chart

Sector peers by P/FCF Ratio — table

Frequently asked questions

+What is F5'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 F5?

+Is F5's P/FCF ratio high or low?

+What is F5's historical P/FCF ratio range?

+What was F5's P/FCF ratio in 2025?

+Why does F5's P/FCF ratio change over time?

F5 (FFIV) Key Financials