Question 1

What is Intel's P/FCF ratio?

Accepted Answer

Intel (INTC) P/FCF ratio is 17.0× as of July 28, 2022. 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 Intel?

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

Question 5

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

Accepted Answer

Intel's P/FCF ratio of 17.0× is below its own 5-year average of 17.2× and below the sector median of 21.8×. That places the current reading at the 62th 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 Intel's historical P/FCF ratio range?

Accepted Answer

In the available daily series, Intel (INTC) P/FCF ratio has ranged from a low of 9.7× in 2020 to a high of 69.5× in 2002. The 5-year average is 17.2× and the 5-year median is 17.2×.

Question 7

What was Intel's P/FCF ratio in 2021?

Accepted Answer

Intel (INTC) P/FCF ratio at the end of 2021 was 21.7×. 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 Intel'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	$176B	-$4.95B	—	—	Dec 27, 2025
2024	$87.7B	-$15.7B	—	—	Dec 28, 2024
2023	$212B	-$14.3B	—	—	Dec 31, 2023
2022	$109B	-$9.62B	—	—	Dec 31, 2022
2021	$210B	$9.66B	21.7×	+11.9×	Dec 31, 2021
2020	$204B	$20.9B	9.7×	-5.5×	Dec 31, 2020
2019	$258B	$16.9B	15.3×	+0.3×	Dec 31, 2019
2018	$213B	$14.3B	15.0×	-5.9×	Dec 31, 2018
2017	$216B	$10.3B	20.9×	+6.8×	Dec 31, 2017
2016	$172B	$12.2B	14.1×	+0.0×	Dec 31, 2016
2015	$163B	$11.6B	14.1×	-2.9×	Dec 31, 2015
2014	$173B	$10.2B	16.9×	+4.1×	Dec 31, 2014
2013	$129B	$10B	12.9×	-1.7×	Dec 31, 2013
2012	$102B	$7.04B	14.5×	+2.5×	Dec 31, 2012
2011	$123B	$10.2B	12.1×	+1.9×	Dec 31, 2011
2010	$117B	$11.5B	10.2×	-6.8×	Dec 31, 2010
2009	$113B	$6.66B	16.9×	+2.7×	Dec 31, 2009
2008	$81.6B	$5.73B	14.2×	-6.2×	Dec 31, 2008
2007	$156B	$7.63B	20.4×	-3.7×	Dec 31, 2007
2006	$117B	$4.84B	24.1×	+7.5×	Dec 31, 2006
2005	$150B	$9.01B	16.7×	+0.8×	Dec 31, 2005
2004	$147B	$9.28B	15.9×	-10.7×	Dec 31, 2004
2003	$209B	$7.86B	26.6×	+3.3×	Dec 31, 2003
2002	$103B	$4.43B	23.2×	—	Dec 31, 2002


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×
Fiserv (FISV)	7.2×
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 Intel (INTC) 2002-2026

P/FCF Ratio daily chart for Intel (INTC)

Historical P/FCF Ratio for Intel (INTC) from 2002 to 2025

About P/FCF Ratio at Intel (INTC)

Intel P/FCF Ratio by Year

Intel P/FCF Ratio 2021: 21.7×

Intel P/FCF Ratio 2020: 9.7×

Intel P/FCF Ratio 2019: 15.3×

Intel P/FCF Ratio 2018: 15.0×

Intel P/FCF Ratio 2017: 20.9×

Sector peers by P/FCF Ratio — chart

Sector peers by P/FCF Ratio — table

Frequently asked questions

Intel (INTC) Key Financials