Question 1

What is Gartner's P/FCF ratio?

Accepted Answer

Gartner (IT) P/FCF ratio is 7.3× 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 Gartner?

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

Question 5

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

Accepted Answer

Gartner's P/FCF ratio of 7.3× is below its own 5-year average of 23.4× and below the sector median of 21.8×. That places the current reading at the 1th 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 Gartner's historical P/FCF ratio range?

Accepted Answer

In the available daily series, Gartner (IT) P/FCF ratio has ranged from a low of 5.0× in 2003 to a high of 306.6× in 2005. The 5-year average is 23.4× and the 5-year median is 21.8×.

Question 7

What was Gartner's P/FCF ratio in 2025?

Accepted Answer

Gartner (IT) P/FCF ratio at the end of 2025 was 15.5×. 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 Gartner'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	$18.2B	$1.18B	15.5×	-11.7×	Dec 31, 2025
2024	$37.5B	$1.38B	27.1×	-6.5×	Dec 31, 2024
2023	$35.4B	$1.05B	33.6×	+6.8×	Dec 31, 2023
2022	$26.6B	$993M	26.8×	+4.8×	Dec 31, 2022
2021	$27.6B	$1.25B	22.0×	+4.6×	Dec 31, 2021
2020	$14.3B	$819M	17.5×	-15.6×	Dec 31, 2020
2019	$13.8B	$416M	33.1×	-0.5×	Dec 31, 2019
2018	$11.6B	$344M	33.6×	-44.2×	Dec 31, 2018
2017	$11.2B	$144M	77.8×	+51.3×	Dec 31, 2017
2016	$8.35B	$316M	26.5×	+1.4×	Dec 31, 2016
2015	$7.5B	$299M	25.0×	+1.1×	Dec 31, 2015
2014	$7.38B	$308M	23.9×	+0.5×	Dec 31, 2014
2013	$6.55B	$279M	23.5×	+5.2×	Dec 31, 2013
2012	$4.3B	$235M	18.3×	+2.9×	Dec 31, 2012
2011	$3.29B	$214M	15.4×	-1.9×	Dec 31, 2011
2010	$3.18B	$184M	17.3×	+5.6×	Dec 31, 2010
2009	$1.72B	$147M	11.7×	+1.3×	Dec 31, 2009
2008	$1.67B	$160M	10.5×	-3.4×	Dec 31, 2008
2007	$1.72B	$124M	13.8×	-10.2×	Dec 31, 2007
2006	$2.05B	$85.2M	24.1×	-282.5×	Dec 31, 2006
2005	$1.46B	$4.77M	306.6×	+247.1×	Dec 31, 2005
2004	$1.37B	$23.1M	59.5×	+51.3×	Dec 31, 2004
2003	$882M	$107M	8.2×	+2.2×	Dec 31, 2003
2002	$749M	$125M	6.0×	—	Dec 31, 2002


First Solar (FSLR)	12.7×
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×
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 Gartner (IT) 2002-2026

P/FCF Ratio daily chart for Gartner (IT)

Historical P/FCF Ratio for Gartner (IT) from 2002 to 2025

About P/FCF Ratio at Gartner (IT)

Gartner P/FCF Ratio by Year

Gartner P/FCF Ratio 2025: 15.5×

Gartner P/FCF Ratio 2024: 27.1×

Gartner P/FCF Ratio 2023: 33.6×

Gartner P/FCF Ratio 2022: 26.8×

Gartner P/FCF Ratio 2021: 22.0×

Sector peers by P/FCF Ratio — chart

Sector peers by P/FCF Ratio — table

Frequently asked questions

Gartner (IT) Key Financials