Question 1

What is Meta's P/FCF ratio?

Accepted Answer

Meta (META) P/FCF ratio is 33.3× 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 Meta?

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 Meta specifically, the relevant sector benchmark is the current sector median of 18.1×.

Question 5

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

Accepted Answer

Meta's P/FCF ratio of 33.3× is above its own 5-year average of 26.1× and above the sector median of 18.1×. That places the current reading at the 72th 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 Meta's historical P/FCF ratio range?

Accepted Answer

In the available daily series, Meta (META) P/FCF ratio has ranged from a low of 9.1× in 2022 to a high of 240.8× in 2012. The 5-year average is 26.1× and the 5-year median is 27.3×.

Question 7

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

Accepted Answer

Meta (META) P/FCF ratio at the end of 2025 was 36.1×. 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 Meta'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	$1.66T	$46.1B	36.1×	+8.7×	Dec 31, 2025
2024	$1.48T	$54.1B	27.4×	+6.7×	Dec 31, 2024
2023	$908B	$43.8B	20.7×	+4.0×	Dec 31, 2023
2022	$317B	$19B	16.7×	-7.4×	Dec 31, 2022
2021	$941B	$39.1B	24.1×	-9.4×	Dec 31, 2021
2020	$789B	$23.6B	33.4×	+5.7×	Dec 31, 2020
2019	$588B	$21.2B	27.7×	+3.1×	Dec 31, 2019
2018	$378B	$15.4B	24.6×	-5.2×	Dec 31, 2018
2017	$521B	$17.5B	29.8×	-3.3×	Dec 31, 2017
2016	$337B	$10.2B	33.1×	-16.3×	Dec 31, 2016
2015	$300B	$6.08B	49.4×	-10.8×	Dec 31, 2015
2014	$218B	$3.63B	60.2×	+11.6×	Dec 31, 2014
2013	$139B	$2.86B	48.6×	-128.2×	Dec 31, 2013
2012	$67B	$379M	176.8×	+77.2×	Dec 31, 2012
2011	$93.9B	$943M	99.6×	—	Dec 31, 2011


Telephone and Data Systems (TDS)	85.4×
DoorDash (DASH)	37.3×
Reddit (RDDT)	29.7×
Warner Bros. Discovery (WBD)	29.6×
Live Nation Entertainment (LYV)	28.7×
Netflix (NFLX)	27.2×
Spotify (SPOT)	27.0×
News (NWSA)	24.7×
Paramount Skydance (PSKY)	24.5×
Walt Disney (DIS)	23.0×
Roku (ROKU)	21.4×
T-Mobile US (TMUS)	14.8×
Snap (SNAP)	12.8×
John Wiley & Sons (WLY)	12.2×
Verizon (VZ)	10.5×
Fox (FOXA)	10.5×
Pinterest (PINS)	9.7×
TKO Group Holdings (TKO)	8.9×
Match Group (MTCH)	7.3×
Charter Communications (CHTR)	6.7×
Omnicom Group (OMC)	5.2×
Comcast (CMCSA)	5.1×
Versant Media Group, Inc. Class A (VSNT)	2.7×

P/FCF Ratio for Meta (META) 2011-2026

P/FCF Ratio daily chart for Meta (META)

Historical P/FCF Ratio for Meta (META) from 2011 to 2025

About P/FCF Ratio at Meta (META)

Meta P/FCF Ratio by Year

Meta P/FCF Ratio 2025: 36.1×

Meta P/FCF Ratio 2024: 27.4×

Meta P/FCF Ratio 2023: 20.7×

Meta P/FCF Ratio 2022: 16.7×

Meta P/FCF Ratio 2021: 24.1×

Sector peers by P/FCF Ratio — chart

Sector peers by P/FCF Ratio — table

Frequently asked questions

Meta (META) Key Financials