Question 1

What is NACCO Industries's P/FCF ratio?

Accepted Answer

NACCO Industries (NC) P/FCF ratio is 67.0× as of March 3, 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 NACCO Industries?

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 NACCO Industries specifically, the relevant sector benchmark is the current sector median of 22.1×.

Question 5

Is NACCO Industries's P/FCF ratio high or low?

Accepted Answer

NACCO Industries's P/FCF ratio of 67.0× is above its own 5-year average of 24.2× and above the sector median of 22.1×. That places the current reading at the 88th 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 NACCO Industries's historical P/FCF ratio range?

Accepted Answer

In the available daily series, NACCO Industries (NC) P/FCF ratio has ranged from a low of 0.2× in 2002 to a high of 219.3× in 2020. The 5-year average is 24.2× and the 5-year median is 11.1×.

Question 7

What was NACCO Industries's P/FCF ratio in 2023?

Accepted Answer

NACCO Industries (NC) P/FCF ratio at the end of 2023 was 30.1×. 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 NACCO Industries'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	$364M	-$2.38M	—	—	Dec 31, 2025
2024	$218M	-$32.4M	—	—	Dec 31, 2024
2023	$273M	$9.08M	30.1×	+19.0×	Dec 31, 2023
2022	$279M	$25.2M	11.1×	+2.5×	Dec 31, 2022
2021	$260M	$30.3M	8.6×	—	Dec 31, 2021
2020	$185M	-$46.9M	—	—	Dec 31, 2020
2019	$327M	$32.6M	10.0×	+3.1×	Dec 31, 2019
2018	$235M	$33.7M	7.0×	-3.1×	Dec 31, 2018
2017	$258M	$25.6M	10.1×	+8.3×	Dec 31, 2017
2016	$140M	$77.8M	1.8×	+1.1×	Dec 31, 2016
2015	$65.9M	$97.4M	0.7×	—	Dec 31, 2015
2014	$98.9M	-$37.7M	—	—	Dec 31, 2014
2013	$112M	-$4.38M	—	—	Dec 31, 2013
2012	$116M	$98.4M	1.2×	+0.7×	Dec 31, 2012
2011	$55.4M	$119M	0.5×	-1.4×	Dec 31, 2011
2010	$66.9M	$36.8M	1.8×	+1.6×	Dec 31, 2010
2009	$30.6M	$124M	0.2×	—	Dec 31, 2009
2008	$23M	-$67M	—	—	Dec 31, 2008
2007	$61.1M	$12.8M	4.8×	+3.9×	Dec 31, 2007
2006	$83.4M	$98.9M	0.8×	-15.0×	Dec 31, 2006
2005	$71.4M	$4.5M	15.9×	+14.9×	Dec 31, 2005
2004	$64.2M	$69M	0.9×	+0.1×	Dec 31, 2004
2003	$54.4M	$63.6M	0.9×	+0.6×	Dec 31, 2003
2002	$26.6M	$118M	0.2×	—	Dec 31, 2002


Phillips 66 (PSX)	615.5×
Targa Resources (TRGP)	205.8×
Williams Companies (WMB)	123.3×
Enbridge (ENB)	73.7×
Texas Pacific Land (TPL)	66.3×
Diamondback Energy (FANG)	35.1×
Enphase Energy (ENPH)	34.2×
Chevron (CVX)	30.6×
National Fuel Gas (NFG)	29.1×
Baker Hughes (BKR)	26.4×
ONEOK (OKE)	25.4×
EOG Resources (EOG)	18.9×
Energy Transfer LP (ET)	18.2×
Occidental Petroleum (OXY)	17.8×
SLB (SLB)	16.5×
Halliburton (HAL)	16.5×
Marathon Petroleum (MPC)	12.6×
Valero Energy (VLO)	12.4×
Devon Energy (DVN)	11.9×
ConocoPhillips (COP)	10.5×
APA (APA)	10.1×
Expand Energy (EXE)	9.2×

P/FCF Ratio for NACCO Industries (NC) 2002-2026

P/FCF Ratio daily chart for NACCO Industries (NC)

Historical P/FCF Ratio for NACCO Industries (NC) from 2002 to 2025

About P/FCF Ratio at NACCO Industries (NC)

NACCO Industries P/FCF Ratio by Year

NACCO Industries P/FCF Ratio 2023: 30.1×

NACCO Industries P/FCF Ratio 2022: 11.1×

NACCO Industries P/FCF Ratio 2021: 8.6×

NACCO Industries P/FCF Ratio 2019: 10.0×

NACCO Industries P/FCF Ratio 2018: 7.0×

Sector peers by P/FCF Ratio — chart

Sector peers by P/FCF Ratio — table

Frequently asked questions

NACCO Industries (NC) Key Financials