Question 1

What is Nebius Group's P/FCF ratio?

Accepted Answer

Nebius Group (NBIS) P/FCF ratio is 12.1× as of March 28, 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 Nebius 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 Nebius Group specifically, the relevant sector benchmark is the current sector median of 21.7×.

Question 5

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

Accepted Answer

Nebius Group's P/FCF ratio of 12.1× is below its own 5-year average of 57.9× and below the sector median of 21.7×. That places the current reading at the 23th 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 Nebius Group's historical P/FCF ratio range?

Accepted Answer

In the available daily series, Nebius Group (NBIS) P/FCF ratio has ranged from a low of 8.9× in 2024 to a high of 1107.2× in 2018. The 5-year average is 57.9× and the 5-year median is 14.1×.

Question 7

What was Nebius Group's P/FCF ratio in 2023?

Accepted Answer

Nebius Group (NBIS) P/FCF ratio at the end of 2023 was 10.8×. 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 Nebius 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	$20.19B	−$2.26B	—	—	Dec 31, 2025
2024	$6.54B	−$720.20M	—	—	Dec 31, 2024
2023	$7.42B	$687.49M	10.8×	—	Dec 31, 2023
2022	$7.42B	−$16.68M	—	—	Dec 31, 2022
2021	$7.26B	−$486.93M	—	—	Dec 31, 2021
2020	$7.06B	$80.57M	87.6×	+70.1×	Dec 31, 2020
2019	$6.58B	$374.44M	17.6×	-1089.7×	Dec 31, 2019
2018	$6.50B	$5.87M	1107.2×	+1074.1×	Dec 31, 2018
2017	$6.52B	$197.00M	33.1×	+7.3×	Dec 31, 2017
2016	$6.44B	$249.98M	25.8×	-48.2×	Dec 31, 2016
2015	$6.46B	$87.31M	74.0×	+17.8×	Dec 31, 2015
2014	$6.46B	$115.04M	56.2×	+33.6×	Dec 31, 2014
2013	$6.64B	$294.64M	22.5×	-4.1×	Dec 31, 2013
2012	$6.64B	$248.91M	26.7×	-68.8×	Dec 31, 2012
2011	$6.64B	$69.56M	95.5×	+41.5×	Dec 31, 2011
2010	$6.64B	$123.05M	54.0×	—	Dec 31, 2010


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P/FCF Ratio for Nebius Group (NBIS)

P/FCF Ratio daily chart for Nebius Group (NBIS)

Historical P/FCF Ratio for Nebius Group (NBIS) from 2010 to 2025

About P/FCF Ratio at Nebius Group (NBIS)

Nebius Group P/FCF Ratio by Year

Nebius Group P/FCF Ratio 2023: 10.8×

Nebius Group P/FCF Ratio 2020: 87.6×

Nebius Group P/FCF Ratio 2019: 17.6×

Nebius Group P/FCF Ratio 2018: 1107.2×

Nebius Group P/FCF Ratio 2017: 33.1×

Sector peers by P/FCF Ratio — chart

Sector peers by P/FCF Ratio — table

Frequently asked questions

Nebius Group (NBIS) Key Financials

P/FCF Ratio daily chart for Nebius Group (NBIS)

Historical P/FCF Ratio for Nebius Group (NBIS) from 2010 to 2025

About P/FCF Ratio at Nebius Group (NBIS)

Nebius Group P/FCF Ratio by Year

Nebius Group P/FCF Ratio 2023: 10.8×

Nebius Group P/FCF Ratio 2020: 87.6×

Nebius Group P/FCF Ratio 2019: 17.6×

Nebius Group P/FCF Ratio 2018: 1107.2×

Nebius Group P/FCF Ratio 2017: 33.1×

Sector peers by P/FCF Ratio — chart

Sector peers by P/FCF Ratio — table

Frequently asked questions

+What is Nebius Group'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 Nebius Group?

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

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

+What was Nebius Group's P/FCF ratio in 2023?

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

Nebius Group (NBIS) Key Financials