Question 1

What is KeyCorp's P/FCF ratio?

Accepted Answer

KeyCorp (KEY) P/FCF ratio is 10.8× as of June 5, 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 KeyCorp?

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 KeyCorp specifically, the relevant sector benchmark is the current sector median of 11.1×.

Question 5

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

Accepted Answer

KeyCorp's P/FCF ratio of 10.8× is below its own 5-year average of 17.7× and below the sector median of 11.1×. That places the current reading at the 65th 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 KeyCorp's historical P/FCF ratio range?

Accepted Answer

In the available daily series, KeyCorp (KEY) P/FCF ratio has ranged from a low of 1.9× in 2023 to a high of 2061.9× in 2006. The 5-year average is 17.7× and the 5-year median is 9.5×.

Question 7

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

Accepted Answer

KeyCorp (KEY) P/FCF ratio at the end of 2025 was 10.8×. 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 KeyCorp'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	$22.60B	$2.10B	10.8×	-17.5×	Dec 31, 2025
2024	$16.91B	$599.00M	28.2×	+23.4×	Dec 31, 2024
2023	$13.36B	$2.76B	4.8×	+1.1×	Dec 31, 2023
2022	$16.11B	$4.36B	3.7×	-15.9×	Dec 31, 2022
2021	$21.35B	$1.09B	19.6×	+9.8×	Dec 31, 2021
2020	$15.88B	$1.61B	9.9×	+2.9×	Dec 31, 2020
2019	$19.70B	$2.83B	7.0×	+0.7×	Dec 31, 2019
2018	$15.06B	$2.41B	6.3×	-6.3×	Dec 31, 2018
2017	$21.43B	$1.70B	12.6×	-0.1×	Dec 31, 2017
2016	$19.51B	$1.54B	12.6×	+2.3×	Dec 31, 2016
2015	$10.92B	$1.06B	10.3×	+0.6×	Dec 31, 2015
2014	$11.94B	$1.22B	9.8×	+0.8×	Dec 31, 2014
2013	$11.95B	$1.33B	9.0×	+2.4×	Dec 31, 2013
2012	$7.79B	$1.19B	6.6×	+2.4×	Dec 31, 2012
2011	$7.30B	$1.73B	4.2×	+1.2×	Dec 31, 2011
2010	$7.75B	$2.57B	3.0×	+0.7×	Dec 31, 2010
2009	$4.85B	$2.09B	2.3×	—	Dec 31, 2009
2008	$4.19B	−$792.00M	—	—	Dec 31, 2008
2007	$9.12B	−$391.00M	—	—	Dec 31, 2007
2006	$15.30B	$876.00M	17.5×	+6.5×	Dec 31, 2006
2005	$13.45B	$1.23B	10.9×	+3.0×	Dec 31, 2005
2004	$13.84B	$1.75B	7.9×	-2.7×	Dec 31, 2004
2003	$12.31B	$1.16B	10.6×	+2.8×	Dec 31, 2003
2002	$10.67B	$1.37B	7.8×	+1.2×	Dec 31, 2002
2001	$10.31B	$1.57B	6.6×	—	Dec 31, 2001


Assurant (AIZ)	7.5×
Progressive (PGR)	7.1×
Cincinnati Financial (CINF)	7.1×
Alerus Financial (ALRS)	7.0×
Interactive Brokers (IBKR)	6.9×
Invesco (IVZ)	6.9×
American Financial Group (AFG)	6.8×
The Hartford (HIG)	6.5×
Commerce Bancshares (CBSH)	6.4×
Bank of America (BAC)	6.3×
Arch Capital Group (ACGL)	5.9×
JPMorgan Chase (JPM)	5.8×
Travelers Companies (TRV)	5.5×
Principal Financial Group (PFG)	5.5×
Everest Re Group (RE)	5.0×
Allstate (ALL)	4.7×
Everest Re Group (EG)	4.6×
Capital One Financial (COF)	3.9×
Prudential Financial (PRU)	3.5×
Mercury General (MCY)	3.4×
RenaissanceRe Holdings (RNR)	3.0×
MetLife (MET)	2.8×
Synchrony Financial (SYF)	2.4×
Atlantic Union Bankshares (AUB)	2.2×
StoneX Group (SNEX)	0.8×

P/FCF Ratio for KeyCorp (KEY)

P/FCF Ratio daily chart for KeyCorp (KEY)

Historical P/FCF Ratio for KeyCorp (KEY) from 2001 to 2025

About P/FCF Ratio at KeyCorp (KEY)

KeyCorp P/FCF Ratio by Year

KeyCorp P/FCF Ratio 2025: 10.8×

KeyCorp P/FCF Ratio 2024: 28.2×

KeyCorp P/FCF Ratio 2023: 4.8×

KeyCorp P/FCF Ratio 2022: 3.7×

KeyCorp P/FCF Ratio 2021: 19.6×

Sector peers by P/FCF Ratio — chart

Sector peers by P/FCF Ratio — table

Frequently asked questions

KeyCorp (KEY) Key Financials

P/FCF Ratio daily chart for KeyCorp (KEY)

Historical P/FCF Ratio for KeyCorp (KEY) from 2001 to 2025

About P/FCF Ratio at KeyCorp (KEY)

KeyCorp P/FCF Ratio by Year

KeyCorp P/FCF Ratio 2025: 10.8×

KeyCorp P/FCF Ratio 2024: 28.2×

KeyCorp P/FCF Ratio 2023: 4.8×

KeyCorp P/FCF Ratio 2022: 3.7×

KeyCorp P/FCF Ratio 2021: 19.6×

Sector peers by P/FCF Ratio — chart

Sector peers by P/FCF Ratio — table

Frequently asked questions

+What is KeyCorp'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 KeyCorp?

+Is KeyCorp's P/FCF ratio high or low?

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

+What was KeyCorp's P/FCF ratio in 2025?

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

KeyCorp (KEY) Key Financials