Question 1

What is Hormel Foods's P/FCF ratio?

Accepted Answer

Hormel Foods (HRL) P/FCF ratio is 20.0× 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 Hormel Foods?

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 Hormel Foods specifically, the relevant sector benchmark is the current sector median of 16.5×.

Question 5

Is Hormel Foods's P/FCF ratio high or low?

Accepted Answer

Hormel Foods's P/FCF ratio of 20.0× is below its own 5-year average of 26.4× and above the sector median of 16.5×. That places the current reading at the 30th 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 Hormel Foods's historical P/FCF ratio range?

Accepted Answer

In the available daily series, Hormel Foods (HRL) P/FCF ratio has ranged from a low of 10.8× in 2009 to a high of 278.5× in 2003. The 5-year average is 26.4× and the 5-year median is 24.7×.

Question 7

What was Hormel Foods's P/FCF ratio in 2025?

Accepted Answer

Hormel Foods (HRL) P/FCF ratio at the end of 2025 was 24.5×. 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 Hormel Foods'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	$13.1B	$534M	24.5×	+7.9×	Oct 26, 2025
2024	$16.8B	$1.01B	16.6×	-6.3×	Oct 31, 2024
2023	$17.8B	$778M	22.9×	-6.8×	Oct 31, 2023
2022	$25.4B	$856M	29.6×	-0.6×	Oct 31, 2022
2021	$23.3B	$770M	30.3×	-4.2×	Oct 31, 2021
2020	$26.3B	$762M	34.5×	+1.7×	Oct 31, 2020
2019	$21.8B	$667M	32.8×	+5.8×	Oct 31, 2019
2018	$23.3B	$862M	27.0×	+6.7×	Oct 31, 2018
2017	$16.5B	$811M	20.3×	-7.1×	Oct 31, 2017
2016	$20.4B	$744M	27.4×	+6.8×	Oct 31, 2016
2015	$17.9B	$866M	20.6×	-3.2×	Oct 31, 2015
2014	$14.2B	$598M	23.8×	+2.6×	Oct 31, 2014
2013	$11.5B	$541M	21.2×	+1.3×	Oct 31, 2013
2012	$7.77B	$390M	19.9×	+0.2×	Oct 31, 2012
2011	$7.81B	$396M	19.7×	+4.5×	Oct 31, 2011
2010	$6.08B	$399M	15.2×	+4.5×	Oct 31, 2010
2009	$4.89B	$454M	10.8×	-15.3×	Oct 31, 2009
2008	$3.8B	$146M	26.1×	+2.6×	Oct 31, 2008
2007	$4.97B	$211M	23.5×	-3.3×	Oct 31, 2007
2006	$4.97B	$185M	26.9×	+13.3×	Oct 31, 2006
2005	$4.38B	$322M	13.6×	-4.2×	Oct 31, 2005
2004	$3.82B	$214M	17.8×	-260.7×	Oct 31, 2004
2003	$3.42B	$12.3M	278.5×	+265.7×	Oct 31, 2003
2002	$3.35B	$262M	12.8×	—	Oct 31, 2002


Target (TGT)	18.7×
Tyson Foods (TSN)	18.4×
Colgate-Palmolive (CL)	18.2×
Kenvue (KVUE)	18.1×
Universal Corporation (UVV)	16.5×
Marzetti (MZTI)	15.3×
Kroger (KR)	14.3×
Brown-Forman (BF-B)	13.2×
Performance Food Group (PFGC)	12.9×
Altria Group (MO)	12.8×
Constellation Brands (STZ)	12.8×
Kimberly-Clark (KMB)	12.4×
Dollar Tree (DLTR)	12.0×
General Mills (GIS)	11.1×
McCormick & Company (MKC)	10.8×
Lamb Weston (LW)	10.3×
J. M. Smucker (SJM)	9.0×
Dollar General (DG)	8.7×
Coca-Cola Europacific Partners (CCEP)	8.3×
Archer-Daniels-Midland (ADM)	7.3×
Molson Coors Beverage (TAP)	7.0×
Campbell Soup (CPB)	6.8×
Kraft Heinz (KHC)	6.6×
Conagra Brands (CAG)	6.4×
Albertsons Companies (ACI)	4.4×

P/FCF Ratio for Hormel Foods (HRL) 2002-2026

P/FCF Ratio daily chart for Hormel Foods (HRL)

Historical P/FCF Ratio for Hormel Foods (HRL) from 2002 to 2025

About P/FCF Ratio at Hormel Foods (HRL)

Hormel Foods P/FCF Ratio by Year

Hormel Foods P/FCF Ratio 2025: 24.5×

Hormel Foods P/FCF Ratio 2024: 16.6×

Hormel Foods P/FCF Ratio 2023: 22.9×

Hormel Foods P/FCF Ratio 2022: 29.6×

Hormel Foods P/FCF Ratio 2021: 30.3×

Sector peers by P/FCF Ratio — chart

Sector peers by P/FCF Ratio — table

Frequently asked questions

Hormel Foods (HRL) Key Financials