Question 1

What is Hilton's P/FCF ratio?

Accepted Answer

Hilton (HLT) P/FCF ratio is 36.5× 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 Hilton?

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

Question 5

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

Accepted Answer

Hilton's P/FCF ratio of 36.5× is below its own 5-year average of 112.0× and above the sector median of 17.8×. That places the current reading at the 75th 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 Hilton's historical P/FCF ratio range?

Accepted Answer

In the available daily series, Hilton (HLT) P/FCF ratio has ranged from a low of 7.6× in 2013 to a high of 1533.5× in 2022. The 5-year average is 112.0× and the 5-year median is 29.9×.

Question 7

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

Accepted Answer

Hilton (HLT) P/FCF ratio at the end of 2025 was 34.2×. 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 Hilton'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	$67.79B	$1.99B	34.2×	+1.1×	Dec 31, 2025
2024	$60.06B	$1.81B	33.1×	+5.7×	Dec 31, 2024
2023	$46.62B	$1.70B	27.4×	+5.8×	Dec 31, 2023
2022	$34.12B	$1.58B	21.6×	-1429.1×	Dec 31, 2022
2021	$43.52B	$30.00M	1450.7×	+1400.5×	Dec 31, 2021
2020	$30.93B	$616.00M	50.2×	+23.8×	Dec 31, 2020
2019	$31.17B	$1.18B	26.4×	+7.0×	Dec 31, 2019
2018	$21.25B	$1.10B	19.4×	-15.9×	Dec 31, 2018
2017	$25.24B	$716.00M	35.2×	+14.8×	Dec 31, 2017
2016	$18.36B	$897.00M	20.5×	+5.8×	Dec 31, 2016
2015	$14.45B	$985.00M	14.7×	-3.6×	Dec 31, 2015
2014	$17.58B	$964.00M	18.2×	+10.6×	Dec 31, 2014
2013	$13.19B	$1.73B	7.6×	—	Dec 31, 2013


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×
Etsy (ETSY)	7.2×
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 Hilton (HLT)

P/FCF Ratio daily chart for Hilton (HLT)

Historical P/FCF Ratio for Hilton (HLT) from 2013 to 2025

About P/FCF Ratio at Hilton (HLT)

Hilton P/FCF Ratio by Year

Hilton P/FCF Ratio 2025: 34.2×

Hilton P/FCF Ratio 2024: 33.1×

Hilton P/FCF Ratio 2023: 27.4×

Hilton P/FCF Ratio 2022: 21.6×

Hilton P/FCF Ratio 2021: 1450.7×

Sector peers by P/FCF Ratio — chart

Sector peers by P/FCF Ratio — table

Frequently asked questions

Hilton (HLT) Key Financials

P/FCF Ratio daily chart for Hilton (HLT)

Historical P/FCF Ratio for Hilton (HLT) from 2013 to 2025

About P/FCF Ratio at Hilton (HLT)

Hilton P/FCF Ratio by Year

Hilton P/FCF Ratio 2025: 34.2×

Hilton P/FCF Ratio 2024: 33.1×

Hilton P/FCF Ratio 2023: 27.4×

Hilton P/FCF Ratio 2022: 21.6×

Hilton P/FCF Ratio 2021: 1450.7×

Sector peers by P/FCF Ratio — chart

Sector peers by P/FCF Ratio — table

Frequently asked questions

+What is Hilton'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 Hilton?

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

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

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

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

Hilton (HLT) Key Financials