Question 1

What is Mettler Toledo's P/FCF ratio?

Accepted Answer

Mettler Toledo (MTD) P/FCF ratio is 32.9× 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 Mettler Toledo?

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 Mettler Toledo specifically, the relevant sector benchmark is the current sector median of 19.1×.

Question 5

Is Mettler Toledo's P/FCF ratio high or low?

Accepted Answer

Mettler Toledo's P/FCF ratio of 32.9× is below its own 5-year average of 35.2× and above the sector median of 19.1×. That places the current reading at the 45th 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 Mettler Toledo's historical P/FCF ratio range?

Accepted Answer

In the available daily series, Mettler Toledo (MTD) P/FCF ratio has ranged from a low of 9.4× in 2009 to a high of 53.7× in 2023. The 5-year average is 35.2× and the 5-year median is 33.5×.

Question 7

What was Mettler Toledo's P/FCF ratio in 2025?

Accepted Answer

Mettler Toledo (MTD) P/FCF ratio at the end of 2025 was 33.5×. 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 Mettler Toledo'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	$28.4B	$849M	33.5×	+3.7×	Dec 31, 2025
2024	$25.7B	$864M	29.8×	-0.7×	Dec 31, 2024
2023	$26.2B	$861M	30.4×	-13.1×	Dec 31, 2023
2022	$32.1B	$738M	43.5×	-5.0×	Dec 31, 2022
2021	$38.9B	$801M	48.5×	+5.9×	Dec 31, 2021
2020	$26.9B	$632M	42.6×	+4.6×	Dec 31, 2020
2019	$19.2B	$506M	38.0×	+4.5×	Dec 31, 2019
2018	$14.1B	$422M	33.5×	-7.3×	Dec 31, 2018
2017	$15.8B	$389M	40.7×	+6.4×	Dec 31, 2017
2016	$10.9B	$319M	34.3×	+7.8×	Dec 31, 2016
2015	$9.13B	$344M	26.5×	+0.5×	Dec 31, 2015
2014	$8.59B	$330M	26.1×	-1.2×	Dec 31, 2014
2013	$7.18B	$264M	27.2×	+1.8×	Dec 31, 2013
2012	$5.9B	$232M	25.4×	-0.1×	Dec 31, 2012
2011	$4.66B	$182M	25.5×	+0.4×	Dec 31, 2011
2010	$4.88B	$194M	25.1×	+4.6×	Dec 31, 2010
2009	$3.54B	$173M	20.5×	+6.6×	Dec 31, 2009
2008	$2.26B	$163M	13.9×	-8.2×	Dec 31, 2008
2007	$4B	$181M	22.1×	+3.0×	Dec 31, 2007
2006	$3B	$157M	19.1×	+3.4×	Dec 31, 2006
2005	$2.27B	$145M	15.7×	-0.4×	Dec 31, 2005
2004	$2.21B	$138M	16.0×	-4.9×	Dec 31, 2004
2003	$1.88B	$90.1M	20.9×	+3.6×	Dec 31, 2003
2002	$1.42B	$82.3M	17.3×	—	Dec 31, 2002


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 Mettler Toledo (MTD) 2002-2026

P/FCF Ratio daily chart for Mettler Toledo (MTD)

Historical P/FCF Ratio for Mettler Toledo (MTD) from 2002 to 2025

About P/FCF Ratio at Mettler Toledo (MTD)

Mettler Toledo P/FCF Ratio by Year

Mettler Toledo P/FCF Ratio 2025: 33.5×

Mettler Toledo P/FCF Ratio 2024: 29.8×

Mettler Toledo P/FCF Ratio 2023: 30.4×

Mettler Toledo P/FCF Ratio 2022: 43.5×

Mettler Toledo P/FCF Ratio 2021: 48.5×

Sector peers by P/FCF Ratio — chart

Sector peers by P/FCF Ratio — table

Frequently asked questions

Mettler Toledo (MTD) Key Financials