Question 1

What is H2O America's P/FCF ratio?

Accepted Answer

H2O America (HTO) P/FCF ratio is currently not available. When trailing twelve-month free cash flow is negative — common during heavy capex cycles or operating losses — P/FCF is reported as N/A and analysts switch to P/S or EV/EBITDA.

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 H2O America?

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 H2O America specifically, the relevant sector benchmark is the current sector median of 45.4×.

Question 5

What is H2O America's historical P/FCF ratio range?

Accepted Answer

In the available daily series, H2O America (HTO) P/FCF ratio has ranged from a low of 34.4× in 2008 to a high of 44.3× in 2008.

Question 6

Why does H2O America'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.

Question 7

Why is H2O America's P/FCF ratio not available?

Accepted Answer

When trailing twelve-month free cash flow is negative — common during heavy capex cycles or operating losses — P/FCF is reported as N/A and analysts switch to P/S or EV/EBITDA.


2025	$1.76B	-$430M	—	—	Dec 31, 2025
2024	$1.65B	-$185M	—	—	Dec 31, 2024
2023	$2.09B	-$99.9M	—	—	Dec 31, 2023
2022	$2.47B	-$78M	—	—	Dec 31, 2022
2021	$2.19B	-$124M	—	—	Dec 31, 2021
2020	$1.98B	-$111M	—	—	Dec 31, 2020
2019	$2.02B	-$52.9M	—	—	Dec 31, 2019
2018	$1.28B	-$57M	—	—	Dec 31, 2018
2017	$1.3B	-$51.3M	—	—	Dec 31, 2017
2016	$1.15B	-$31M	—	—	Dec 31, 2016
2015	$604M	-$13.2M	—	—	Dec 31, 2015
2014	$651M	-$37.6M	—	—	Dec 31, 2014
2013	$601M	-$33.6M	—	—	Dec 31, 2013
2012	$497M	-$32.4M	—	—	Dec 31, 2012
2011	$439M	-$7.36M	—	—	Dec 31, 2011
2010	$491M	-$68.2M	—	—	Dec 31, 2010
2009	$417M	-$9.61M	—	—	Dec 31, 2009
2008	$551M	-$20.9M	—	—	Dec 31, 2008
2007	$636M	-$32.4M	—	—	Dec 31, 2007
2006	$708M	-$27.5M	—	—	Dec 31, 2006
2005	$414M	-$9.15M	—	—	Dec 31, 2005
2004	$331M	-$1.03M	—	—	Dec 31, 2004
2003	$312M	-$20.1M	—	—	Dec 31, 2003
2002	$238M	-$8.51M	—	—	Dec 31, 2002


Eversource Energy (ES)	110.1×
Constellation Energy (CEG)	86.9×
NextEra Energy (NEE)	82.1×
American States Water (AWR)	77.8×
Middlesex Water (MSEX)	63.1×
Vistra (VST)	45.4×
UGI (UGI)	32.9×
FirstEnergy (FE)	16.3×
Duke Energy (DUK)	15.4×
Consolidated Edison (ED)	14.6×
American Electric Power Company (AEP)	9.3×

P/FCF Ratio for H2O America (HTO)

P/FCF Ratio daily chart for H2O America (HTO)

Historical P/FCF Ratio for H2O America (HTO) from 2002 to 2025

About P/FCF Ratio at H2O America (HTO)

Sector peers by P/FCF Ratio — chart

Sector peers by P/FCF Ratio — table

Frequently asked questions

H2O America (HTO) Key Financials