Question 1

What is Molina Healthcare's P/FCF ratio?

Accepted Answer

Molina Healthcare (MOH) P/FCF ratio is 42.0× 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 Molina Healthcare?

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 Molina Healthcare specifically, the relevant sector benchmark is the current sector median of 19.1×.

Question 5

Is Molina Healthcare's P/FCF ratio high or low?

Accepted Answer

Molina Healthcare's P/FCF ratio of 42.0× is above its own 5-year average of 34.5× and above the sector median of 19.1×. That places the current reading at the 86th 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 Molina Healthcare's historical P/FCF ratio range?

Accepted Answer

In the available daily series, Molina Healthcare (MOH) P/FCF ratio has ranged from a low of 2.3× in 2017 to a high of 207.3× in 2024. The 5-year average is 34.5× and the 5-year median is 13.3×.

Question 7

What was Molina Healthcare's P/FCF ratio in 2024?

Accepted Answer

Molina Healthcare (MOH) P/FCF ratio at the end of 2024 was 30.7×. 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 Molina Healthcare'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	$8.81B	-$636M	—	—	Dec 31, 2025
2024	$16.7B	$544M	30.7×	+17.4×	Dec 31, 2024
2023	$21B	$1.58B	13.3×	-14.8×	Dec 31, 2023
2022	$19.2B	$682M	28.1×	+19.0×	Dec 31, 2022
2021	$18.4B	$2.04B	9.0×	+2.1×	Dec 31, 2021
2020	$12.6B	$1.82B	6.9×	-15.8×	Dec 31, 2020
2019	$8.41B	$370M	22.7×	—	Dec 31, 2019
2018	$7.21B	-$344M	—	—	Dec 31, 2018
2017	$4.38B	$718M	6.1×	+0.1×	Dec 31, 2017
2016	$3B	$497M	6.0×	+2.6×	Dec 31, 2016
2015	$3.37B	$993M	3.4×	+0.6×	Dec 31, 2015
2014	$2.62B	$945M	2.8×	-14.3×	Dec 31, 2014
2013	$1.59B	$92.9M	17.1×	+12.4×	Dec 31, 2013
2012	$1.26B	$266M	4.7×	-1.5×	Dec 31, 2012
2011	$1.03B	$165M	6.2×	-1.2×	Dec 31, 2011
2010	$843M	$113M	7.5×	+2.6×	Dec 31, 2010
2009	$584M	$120M	4.9×	-76.5×	Dec 31, 2009
2008	$467M	$5.74M	81.4×	+73.3×	Dec 31, 2008
2007	$1.1B	$136M	8.1×	-3.0×	Dec 31, 2007
2006	$912M	$82M	11.1×	+2.2×	Dec 31, 2006
2005	$740M	$83.3M	8.9×	-7.0×	Dec 31, 2005
2004	$1.28B	$80.3M	15.9×	-1.3×	Dec 31, 2004
2003	$638M	$37.2M	17.2×	—	Dec 31, 2003


McKesson (MCK)	17.8×
Gilead Sciences (GILD)	16.9×
DexCom (DXCM)	16.9×
Pfizer (PFE)	16.7×
Humana (HUM)	16.4×
Quest Diagnostics (DGX)	16.3×
UnitedHealth Group (UNH)	15.9×
Labcorp Holdings (LH)	15.9×
Becton, Dickinson and (BDX)	14.0×
HCA Healthcare (HCA)	13.5×
Elevance Health (ELV)	13.4×
Incyte (INCY)	12.9×
CVS Health (CVS)	12.4×
Universal Health Services (UHS)	12.2×
Baxter International (BAX)	12.1×
Cardinal Health (CAH)	11.3×
IQVIA (IQV)	11.3×
Bristol-Myers Squibb (BMY)	10.4×
Biogen (BIIB)	10.3×
Zimmer Biomet Holdings (ZBH)	9.6×
Cigna (CI)	9.1×
Viatris (VTRS)	9.1×
DaVita (DVA)	6.9×
Teladoc Health (TDOC)	3.9×
Centene (CNC)	2.5×

P/FCF Ratio for Molina Healthcare (MOH) 2003-2026

P/FCF Ratio daily chart for Molina Healthcare (MOH)

Historical P/FCF Ratio for Molina Healthcare (MOH) from 2003 to 2025

About P/FCF Ratio at Molina Healthcare (MOH)

Molina Healthcare P/FCF Ratio by Year

Molina Healthcare P/FCF Ratio 2024: 30.7×

Molina Healthcare P/FCF Ratio 2023: 13.3×

Molina Healthcare P/FCF Ratio 2022: 28.1×

Molina Healthcare P/FCF Ratio 2021: 9.0×

Molina Healthcare P/FCF Ratio 2020: 6.9×

Sector peers by P/FCF Ratio — chart

Sector peers by P/FCF Ratio — table

Frequently asked questions

Molina Healthcare (MOH) Key Financials