Question 1

What is Fiserv's P/FCF ratio?

Accepted Answer

Fiserv (FISV) P/FCF ratio is 6.5× 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 Fiserv?

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 Fiserv specifically, the relevant sector benchmark is the current sector median of 21.8×.

Question 5

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

Accepted Answer

Fiserv's P/FCF ratio of 6.5× is below its own 5-year average of 20.6× and below the sector median of 21.8×. That places the current reading at the 1th 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 Fiserv's historical P/FCF ratio range?

Accepted Answer

In the available daily series, Fiserv (FISV) P/FCF ratio has ranged from a low of 6.1× in 2026 to a high of 37.9× in 2019. The 5-year average is 20.6× and the 5-year median is 21.8×.

Question 7

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

Accepted Answer

Fiserv (FISV) P/FCF ratio at the end of 2025 was 8.3×. 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 Fiserv'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	$36.1B	$4.32B	8.3×	-15.1×	Dec 31, 2025
2024	$119B	$5.06B	23.5×	+2.3×	Dec 31, 2024
2023	$79.8B	$3.77B	21.1×	+0.7×	Dec 31, 2023
2022	$64.3B	$3.14B	20.5×	-3.0×	Dec 31, 2022
2021	$67.5B	$2.87B	23.5×	+0.0×	Dec 31, 2021
2020	$76.2B	$3.25B	23.5×	-14.4×	Dec 31, 2020
2019	$78.6B	$2.07B	37.9×	+13.7×	Dec 31, 2019
2018	$28.8B	$1.19B	24.2×	+1.6×	Dec 31, 2018
2017	$27.1B	$1.2B	22.6×	+2.6×	Dec 31, 2017
2016	$22.9B	$1.14B	20.1×	-0.8×	Dec 31, 2016
2015	$20.6B	$987M	20.9×	+4.1×	Dec 31, 2015
2014	$17.1B	$1.02B	16.8×	-2.1×	Dec 31, 2014
2013	$15.2B	$803M	18.9×	+2.4×	Dec 31, 2013
2012	$10.5B	$640M	16.5×	+5.7×	Dec 31, 2012
2011	$8.23B	$761M	10.8×	-0.3×	Dec 31, 2011
2010	$8.67B	$783M	11.1×	-0.5×	Dec 31, 2010
2009	$7.45B	$646M	11.5×	+1.5×	Dec 31, 2009
2008	$5.75B	$576M	10.0×	-9.4×	Dec 31, 2008
2007	$9.11B	$471M	19.3×	-0.8×	Dec 31, 2007
2006	$9.03B	$447M	20.2×	+1.8×	Dec 31, 2006
2005	$7.94B	$432M	18.4×	+3.7×	Dec 31, 2005
2004	$7.84B	$533M	14.7×	-5.8×	Dec 31, 2004
2003	$7.67B	$375M	20.5×	+5.5×	Dec 31, 2003
2002	$6.51B	$435M	15.0×	—	Dec 31, 2002


First Solar (FSLR)	12.7×
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×
Leidos Holdings (LDOS)	10.8×
Workday (WDAY)	10.5×
Salesforce (CRM)	10.5×
Qorvo (QRVO)	10.4×
Adobe (ADBE)	9.8×
Accenture (ACN)	9.6×
Strategy (MSTR)	9.2×
Gartner (IT)	8.8×
Fidelity National Information Services (FIS)	8.7×
DocuSign (DOCU)	8.0×
Gen Digital (GEN)	7.5×
Science Applications International (SAIC)	7.0×
Hewlett Packard Enterprise (HPE)	6.8×
GoDaddy (GDDY)	6.7×
HP (HPQ)	5.1×
Lyft (LYFT)	4.5×
IBM (IBM)	0.0×

P/FCF Ratio for Fiserv (FISV) 2002-2026

P/FCF Ratio daily chart for Fiserv (FISV)

Historical P/FCF Ratio for Fiserv (FISV) from 2002 to 2025

About P/FCF Ratio at Fiserv (FISV)

Fiserv P/FCF Ratio by Year

Fiserv P/FCF Ratio 2025: 8.3×

Fiserv P/FCF Ratio 2024: 23.5×

Fiserv P/FCF Ratio 2023: 21.1×

Fiserv P/FCF Ratio 2022: 20.5×

Fiserv P/FCF Ratio 2021: 23.5×

Sector peers by P/FCF Ratio — chart

Sector peers by P/FCF Ratio — table

Frequently asked questions

Fiserv (FISV) Key Financials