Question 1

What is KLA's P/FCF ratio?

Accepted Answer

KLA (KLAC) P/FCF ratio is 63.3× 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 KLA?

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 KLA specifically, the relevant sector benchmark is the current sector median of 21.6×.

Question 5

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

Accepted Answer

KLA's P/FCF ratio of 63.3× is above its own 5-year average of 26.3× and above the sector median of 21.6×. 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 KLA's historical P/FCF ratio range?

Accepted Answer

In the available daily series, KLA (KLAC) P/FCF ratio has ranged from a low of 7.1× in 2011 to a high of 133.7× in 2003. The 5-year average is 26.3× and the 5-year median is 25.2×.

Question 7

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

Accepted Answer

KLA (KLAC) P/FCF ratio at the end of 2025 was 31.6×. 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 KLA'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	$118.27B	$3.74B	31.6×	-5.1×	Jun 30, 2025
2024	$111.31B	$3.03B	36.7×	+16.8×	Jun 30, 2024
2023	$66.39B	$3.33B	19.9×	+4.2×	Jun 30, 2023
2022	$47.30B	$3.01B	15.7×	-9.7×	Jun 30, 2022
2021	$49.59B	$1.95B	25.4×	+6.8×	Jun 30, 2021
2020	$30.17B	$1.63B	18.5×	-0.6×	Jun 30, 2020
2019	$19.54B	$1.02B	19.1×	+5.4×	Jun 30, 2019
2018	$15.97B	$1.16B	13.7×	-0.0×	Jun 30, 2018
2017	$14.34B	$1.04B	13.8×	-1.9×	Jun 30, 2017
2016	$11.41B	$727.96M	15.7×	-0.3×	Jun 30, 2016
2015	$8.92B	$560.12M	15.9×	-1.0×	Jun 30, 2015
2014	$12.02B	$711.38M	16.9×	+6.0×	Jun 30, 2014
2013	$9.15B	$838.62M	10.9×	+1.6×	Jun 30, 2013
2012	$8.22B	$884.02M	9.3×	+0.5×	Jun 30, 2012
2011	$6.77B	$772.01M	8.8×	-2.4×	Jun 30, 2011
2010	$4.66B	$417.60M	11.2×	-13.6×	Jun 30, 2010
2009	$4.29B	$173.46M	24.7×	+13.3×	Jun 30, 2009
2008	$7.01B	$610.85M	11.5×	-8.1×	Jun 30, 2008
2007	$10.32B	$526.90M	19.6×	-14.2×	Jun 30, 2007
2006	$8.27B	$244.79M	33.8×	+14.6×	Jun 30, 2006
2005	$8.59B	$447.06M	19.2×	-13.7×	Jun 30, 2005
2004	$9.68B	$294.15M	32.9×	-45.3×	Jun 30, 2004
2003	$8.80B	$112.49M	78.3×	+42.2×	Jun 30, 2003
2002	$7.77B	$215.39M	36.1×	—	Jun 30, 2002


Intuit (INTU)	13.9×
Okta (OKTA)	13.8×
EPAM Systems (EPAM)	13.4×
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×
Workday (WDAY)	10.5×
Salesforce (CRM)	10.5×
Qorvo (QRVO)	10.4×
Adobe (ADBE)	10.4×
Accenture (ACN)	10.3×
Fidelity National Information Services (FIS)	8.7×
DocuSign (DOCU)	8.0×
Gen Digital (GEN)	7.5×
Fiserv (FISV)	7.2×
Hewlett Packard Enterprise (HPE)	6.8×
GoDaddy (GDDY)	6.7×
Science Applications International (SAIC)	6.7×
Strategy (MSTR)	5.5×
HP (HPQ)	5.1×
Lyft (LYFT)	4.5×

P/FCF Ratio for KLA (KLAC)

P/FCF Ratio daily chart for KLA (KLAC)

Historical P/FCF Ratio for KLA (KLAC) from 2002 to 2025

About P/FCF Ratio at KLA (KLAC)

KLA P/FCF Ratio by Year

KLA P/FCF Ratio 2025: 31.6×

KLA P/FCF Ratio 2024: 36.7×

KLA P/FCF Ratio 2023: 19.9×

KLA P/FCF Ratio 2022: 15.7×

KLA P/FCF Ratio 2021: 25.4×

Sector peers by P/FCF Ratio — chart

Sector peers by P/FCF Ratio — table

Frequently asked questions

KLA (KLAC) Key Financials

P/FCF Ratio daily chart for KLA (KLAC)

Historical P/FCF Ratio for KLA (KLAC) from 2002 to 2025

About P/FCF Ratio at KLA (KLAC)

KLA P/FCF Ratio by Year

KLA P/FCF Ratio 2025: 31.6×

KLA P/FCF Ratio 2024: 36.7×

KLA P/FCF Ratio 2023: 19.9×

KLA P/FCF Ratio 2022: 15.7×

KLA P/FCF Ratio 2021: 25.4×

Sector peers by P/FCF Ratio — chart

Sector peers by P/FCF Ratio — table

Frequently asked questions

+What is KLA'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 KLA?

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

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

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

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

KLA (KLAC) Key Financials