Question 1

What is Nordson's P/FCF ratio?

Accepted Answer

Nordson (NDSN) P/FCF ratio is 22.8× 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 Nordson?

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 Nordson specifically, the relevant sector benchmark is the current sector median of 24.3×.

Question 5

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

Accepted Answer

Nordson's P/FCF ratio of 22.8× is below its own 5-year average of 25.0× and below the sector median of 24.3×. That places the current reading at the 15th 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 Nordson's historical P/FCF ratio range?

Accepted Answer

In the available daily series, Nordson (NDSN) P/FCF ratio has ranged from a low of 6.3× in 2002 to a high of 31.4× in 2023. The 5-year average is 25.0× and the 5-year median is 24.7×.

Question 7

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

Accepted Answer

Nordson (NDSN) P/FCF ratio at the end of 2025 was 19.7×. 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 Nordson'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	$13B	$661M	19.7×	-9.4×	Oct 31, 2025
2024	$14.3B	$492M	29.0×	+9.1×	Oct 31, 2024
2023	$12.1B	$607M	20.0×	-7.9×	Oct 31, 2023
2022	$12.9B	$462M	27.9×	-1.8×	Oct 31, 2022
2021	$15B	$508M	29.6×	+4.8×	Oct 31, 2021
2020	$11.2B	$452M	24.8×	-3.5×	Oct 31, 2020
2019	$9.01B	$319M	28.3×	+11.1×	Oct 31, 2019
2018	$7.13B	$415M	17.2×	-9.1×	Oct 31, 2018
2017	$7.3B	$278M	26.3×	+5.1×	Oct 31, 2017
2016	$5.73B	$270M	21.2×	+0.2×	Oct 31, 2016
2015	$4.2B	$200M	21.0×	+1.3×	Oct 31, 2015
2014	$4.82B	$245M	19.7×	-1.2×	Oct 31, 2014
2013	$4.62B	$221M	20.9×	+5.4×	Oct 31, 2013
2012	$3.78B	$243M	15.5×	+1.7×	Oct 31, 2012
2011	$3.14B	$226M	13.8×	-7.3×	Oct 31, 2011
2010	$2.65B	$125M	21.2×	+9.8×	Oct 31, 2010
2009	$1.77B	$156M	11.4×	-2.8×	Oct 31, 2009
2008	$1.24B	$87.7M	14.1×	-5.2×	Oct 31, 2008
2007	$1.8B	$93.2M	19.3×	+5.0×	Oct 31, 2007
2006	$1.54B	$108M	14.3×	+2.0×	Oct 31, 2006
2005	$1.27B	$103M	12.3×	-0.6×	Oct 31, 2005
2004	$1.26B	$97.9M	12.9×	+1.2×	Oct 31, 2004
2003	$939M	$80M	11.7×	+4.4×	Oct 31, 2003
2002	$870M	$119M	7.3×	—	Oct 31, 2002


Thomson Reuters (TRI)	18.8×
PACCAR (PCAR)	18.6×
United Parcel Service (UPS)	18.5×
Gorman-Rupp (GRC)	18.5×
Alamo Group (ALG)	18.0×
Allegion (ALLE)	17.8×
Snap-on (SNA)	17.6×
United Airlines Holdings (UAL)	17.5×
Honeywell International (HON)	17.4×
Equifax (EFX)	17.0×
Norfolk Southern (NSC)	16.9×
FedEx (FDX)	15.9×
AGCO (AGCO)	15.4×
General Dynamics (GD)	15.3×
Carlisle Companies (CSL)	14.7×
Amentum Holdings (AMTM)	14.7×
Stanley Black & Decker (SWK)	14.4×
A. O. Smith (AOS)	14.2×
Huntington Ingalls Industries (HII)	14.1×
McGrath RentCorp (MGRC)	13.9×
Masco (MAS)	13.0×
Pool (POOL)	12.2×
Delta Air Lines (DAL)	10.1×
ABM Industries (ABM)	7.2×
Upwork (UPWK)	6.3×

P/FCF Ratio for Nordson (NDSN) 2002-2026

P/FCF Ratio daily chart for Nordson (NDSN)

Historical P/FCF Ratio for Nordson (NDSN) from 2002 to 2025

About P/FCF Ratio at Nordson (NDSN)

Nordson P/FCF Ratio by Year

Nordson P/FCF Ratio 2025: 19.7×

Nordson P/FCF Ratio 2024: 29.0×

Nordson P/FCF Ratio 2023: 20.0×

Nordson P/FCF Ratio 2022: 27.9×

Nordson P/FCF Ratio 2021: 29.6×

Sector peers by P/FCF Ratio — chart

Sector peers by P/FCF Ratio — table

Frequently asked questions

Nordson (NDSN) Key Financials