Question 1

What is International Paper's P/FCF ratio?

Accepted Answer

International Paper (IP) P/FCF ratio is 36.6× 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 International Paper?

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 International Paper specifically, the relevant sector benchmark is the current sector median of 25.9×.

Question 5

Is International Paper's P/FCF ratio high or low?

Accepted Answer

International Paper's P/FCF ratio of 36.6× is above its own 5-year average of 16.2× and above the sector median of 25.9×. That places the current reading at the 99th 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 International Paper's historical P/FCF ratio range?

Accepted Answer

In the available daily series, International Paper (IP) P/FCF ratio has ranged from a low of 0.0× in 2011 to a high of 15600.6× in 2007. The 5-year average is 16.2× and the 5-year median is 14.9×.

Question 7

What was International Paper's P/FCF ratio in 2024?

Accepted Answer

International Paper (IP) P/FCF ratio at the end of 2024 was 24.9×. 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 International Paper'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	$20.8B	-$159M	—	—	Dec 31, 2025
2024	$18.8B	$757M	24.9×	+6.8×	Dec 31, 2024
2023	$12.5B	$692M	18.1×	+8.2×	Dec 31, 2023
2022	$12.2B	$1.24B	9.8×	-2.3×	Dec 31, 2022
2021	$18B	$1.48B	12.1×	+4.1×	Dec 31, 2021
2020	$18.5B	$2.31B	8.0×	+0.6×	Dec 31, 2020
2019	$17.1B	$2.33B	7.3×	-1.9×	Dec 31, 2019
2018	$15.3B	$1.65B	9.2×	-52.6×	Dec 31, 2018
2017	$22.6B	$366M	61.8×	+43.5×	Dec 31, 2017
2016	$20.7B	$1.13B	18.3×	+4.8×	Dec 31, 2016
2015	$14.8B	$1.09B	13.5×	+1.1×	Dec 31, 2015
2014	$21.2B	$1.71B	12.4×	+1.4×	Dec 31, 2014
2013	$20.2B	$1.83B	11.0×	+0.8×	Dec 31, 2013
2012	$16.2B	$1.58B	10.2×	+10.2×	Dec 31, 2012
2011	$0.00	$1.52B	0.0×	0.0×	Dec 31, 2011
2010	$0.00	$856M	0.0×	0.0×	Dec 31, 2010
2009	$0.00	$4.12B	0.0×	0.0×	Dec 31, 2009
2008	$0.00	$1.67B	0.0×	0.0×	Dec 31, 2008
2007	$0.00	$599M	0.0×	0.0×	Dec 31, 2007
2006	$0.00	$214M	0.0×	0.0×	Dec 31, 2006
2005	$0.00	$355M	0.0×	0.0×	Dec 31, 2005
2004	$0.00	$1.13B	0.0×	0.0×	Dec 31, 2004
2003	$0.00	$656M	0.0×	0.0×	Dec 31, 2003
2002	$0.00	$1.09B	0.0×	—	Dec 31, 2002


Solstice Advanced Materials (SOLS)	93.8×
Nucor (NUE)	74.2×
Air Products and Chemicals (APD)	58.4×
International Flavors & Fragrances (IFF)	46.7×
Linde (LIN)	45.1×
Ecolab (ECL)	40.1×
Albemarle (ALB)	36.7×
Steel Dynamics (STLD)	34.7×
Martin Marietta Materials (MLM)	34.3×
Vulcan Materials (VMC)	32.2×
Corteva (CTVA)	27.5×
Sherwin-Williams (SHW)	27.1×
H.B. Fuller (FUL)	24.8×
CRH (CRH)	24.4×
Agnico Eagle Mines (AEM)	22.3×
PPG Industries (PPG)	19.5×
Eastman Chemical (EMN)	17.5×
DuPont de Nemours (DD)	17.0×
Avient (AVNT)	16.2×
Freeport-McMoRan (FCX)	13.6×
CF Industries Holdings (CF)	12.4×
Builders FirstSource (BLDR)	10.5×
Newmont (NEM)	9.6×
LyondellBasell (LYB)	9.3×
Ashland (ASH)	7.6×

P/FCF Ratio for International Paper (IP) 2002-2026

P/FCF Ratio daily chart for International Paper (IP)

Historical P/FCF Ratio for International Paper (IP) from 2002 to 2025

About P/FCF Ratio at International Paper (IP)

International Paper P/FCF Ratio by Year

International Paper P/FCF Ratio 2024: 24.9×

International Paper P/FCF Ratio 2023: 18.1×

International Paper P/FCF Ratio 2022: 9.8×

International Paper P/FCF Ratio 2021: 12.1×

International Paper P/FCF Ratio 2020: 8.0×

Sector peers by P/FCF Ratio — chart

Sector peers by P/FCF Ratio — table

Frequently asked questions

International Paper (IP) Key Financials