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 32.9×.

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	−$430.17M	—	—	Dec 31, 2025
2024	$1.65B	−$185.11M	—	—	Dec 31, 2024
2023	$2.09B	−$99.89M	—	—	Dec 31, 2023
2022	$2.47B	−$78.04M	—	—	Dec 31, 2022
2021	$2.19B	−$123.77M	—	—	Dec 31, 2021
2020	$1.98B	−$110.92M	—	—	Dec 31, 2020
2019	$2.02B	−$52.91M	—	—	Dec 31, 2019
2018	$1.28B	−$56.99M	—	—	Dec 31, 2018
2017	$1.30B	−$51.30M	—	—	Dec 31, 2017
2016	$1.15B	−$31.01M	—	—	Dec 31, 2016
2015	$604.33M	−$13.19M	—	—	Dec 31, 2015
2014	$651.01M	−$37.58M	—	—	Dec 31, 2014
2013	$600.69M	−$33.59M	—	—	Dec 31, 2013
2012	$496.65M	−$32.39M	—	—	Dec 31, 2012
2011	$439.33M	−$7.36M	—	—	Dec 31, 2011
2010	$490.60M	−$68.25M	—	—	Dec 31, 2010
2009	$417.33M	−$9.61M	—	—	Dec 31, 2009
2008	$551.40M	−$20.95M	—	—	Dec 31, 2008
2007	$635.92M	−$32.42M	—	—	Dec 31, 2007
2006	$708.40M	−$27.50M	—	—	Dec 31, 2006
2005	$414.08M	−$9.15M	—	—	Dec 31, 2005
2004	$331.26M	−$1.03M	—	—	Dec 31, 2004
2003	$312.38M	−$20.12M	—	—	Dec 31, 2003
2002	$237.56M	−$8.51M	—	—	Dec 31, 2002
2001	$259.81M	−$22.55M	—	—	Dec 31, 2001


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)	52.9×
UGI (UGI)	32.9×
GE Vernova (GEV)	31.2×
FirstEnergy (FE)	16.3×
Duke Energy (DUK)	15.4×
Consolidated Edison (ED)	14.6×
American Electric Power Company (AEP)	11.5×
Avista (AVA)	7.9×

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 2001 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

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

Historical P/FCF Ratio for H2O America (HTO) from 2001 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

+What is H2O America'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 H2O America?

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

+Why does H2O America's P/FCF ratio change over time?

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

H2O America (HTO) Key Financials