Question 1

What is MDU Resources Group's P/FCF ratio?

Accepted Answer

MDU Resources Group (MDU) P/FCF ratio is 65.2× as of November 7, 2025. 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 MDU Resources Group?

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 MDU Resources Group specifically, the relevant sector benchmark is the current sector median of 45.4×.

Question 5

Is MDU Resources Group's P/FCF ratio high or low?

Accepted Answer

MDU Resources Group's P/FCF ratio of 65.2× is below its own 5-year average of 82.8× and above the sector median of 45.4×. That places the current reading at the 81th 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 MDU Resources Group's historical P/FCF ratio range?

Accepted Answer

In the available daily series, MDU Resources Group (MDU) P/FCF ratio has ranged from a low of 3.4× in 2009 to a high of 2043.6× in 2006. The 5-year average is 82.8× and the 5-year median is 36.4×.

Question 7

What was MDU Resources Group's P/FCF ratio in 2022?

Accepted Answer

MDU Resources Group (MDU) P/FCF ratio at the end of 2022 was 74.1×. 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 MDU Resources Group'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	$3.99B	-$319M	—	—	Dec 31, 2025
2024	$3.67B	-$20.5M	—	—	Dec 31, 2024
2023	$2.23B	-$109M	—	—	Dec 31, 2023
2022	$2.34B	$31.6M	74.1×	—	Dec 31, 2022
2021	$2.38B	-$164M	—	—	Dec 31, 2021
2020	$2.01B	$210M	9.5×	—	Dec 31, 2020
2019	$2.26B	-$33.8M	—	—	Dec 31, 2019
2018	$1.78B	-$68.3M	—	—	Dec 31, 2018
2017	$1.99B	$107M	18.7×	-10.1×	Dec 31, 2017
2016	$2.13B	$74M	28.8×	-57.4×	Dec 31, 2016
2015	$1.36B	$15.8M	86.2×	—	Dec 31, 2015
2014	$1.73B	-$356M	—	—	Dec 31, 2014
2013	$2.19B	-$167M	—	—	Dec 31, 2013
2012	$1.52B	-$288M	—	—	Dec 31, 2012
2011	$1.54B	$130M	11.9×	-2.3×	Dec 31, 2011
2010	$1.45B	$102M	14.2×	+9.9×	Dec 31, 2010
2009	$1.68B	$398M	4.2×	-33.6×	Dec 31, 2009
2008	$1.5B	$39.7M	37.8×	-351.9×	Dec 31, 2008
2007	$1.91B	$4.91M	389.8×	+378.1×	Dec 31, 2007
2006	$1.76B	$151M	11.7×	—	Dec 31, 2006
2005	$1.49B	-$27.7M	—	—	Dec 31, 2005
2004	$1.19B	$95.4M	12.5×	+3.0×	Dec 31, 2004
2003	$1.01B	$105M	9.6×	-4.7×	Dec 31, 2003
2002	$707M	$49.6M	14.3×	—	Dec 31, 2002


Eversource Energy (ES)	110.1×
Constellation Energy (CEG)	86.9×
NextEra Energy (NEE)	82.1×
American States Water (AWR)	77.8×
Middlesex Water (MSEX)	63.1×
Vistra (VST)	45.4×
UGI (UGI)	32.9×
FirstEnergy (FE)	16.3×
Duke Energy (DUK)	15.4×
Consolidated Edison (ED)	14.6×
American Electric Power Company (AEP)	9.3×

P/FCF Ratio for MDU Resources Group (MDU) 2002-2026

P/FCF Ratio daily chart for MDU Resources Group (MDU)

Historical P/FCF Ratio for MDU Resources Group (MDU) from 2002 to 2025

About P/FCF Ratio at MDU Resources Group (MDU)

MDU Resources Group P/FCF Ratio by Year

MDU Resources Group P/FCF Ratio 2022: 74.1×

MDU Resources Group P/FCF Ratio 2020: 9.5×

MDU Resources Group P/FCF Ratio 2017: 18.7×

MDU Resources Group P/FCF Ratio 2016: 28.8×

MDU Resources Group P/FCF Ratio 2015: 86.2×

Sector peers by P/FCF Ratio — chart

Sector peers by P/FCF Ratio — table

Frequently asked questions

MDU Resources Group (MDU) Key Financials