Question 1

What is Opendoor Technologies's P/FCF ratio?

Accepted Answer

Opendoor Technologies (OPEN) P/FCF ratio is 3.9× 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 Opendoor Technologies?

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 Opendoor Technologies specifically, the relevant sector benchmark is the current sector median of 15.9×.

Question 5

Is Opendoor Technologies's P/FCF ratio high or low?

Accepted Answer

Opendoor Technologies's P/FCF ratio of 3.9× is above its own 5-year average of 2.2× and below the sector median of 15.9×. That places the current reading at the 67th 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 Opendoor Technologies's historical P/FCF ratio range?

Accepted Answer

In the available daily series, Opendoor Technologies (OPEN) P/FCF ratio has ranged from a low of 0.3× in 2023 to a high of 15.0× in 2025. The 5-year average is 2.2× and the 5-year median is 1.1×.

Question 7

What was Opendoor Technologies's P/FCF ratio in 2025?

Accepted Answer

Opendoor Technologies (OPEN) P/FCF ratio at the end of 2025 was 4.3×. 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 Opendoor Technologies'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	$4.47B	$1.04B	4.3×	—	Dec 31, 2025
2024	$1.15B	-$620M	—	—	Dec 31, 2024
2023	$3.01B	$2.31B	1.3×	+0.2×	Dec 31, 2023
2022	$736M	$693M	1.1×	—	Dec 31, 2022
2021	$8.95B	-$5.83B	—	—	Dec 31, 2021
2020	$4.07B	$665M	6.1×	—	Dec 31, 2020
2019	$898M	-$300M	—	—	Dec 31, 2019


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P/FCF Ratio for Opendoor Technologies (OPEN) 2020-2026

P/FCF Ratio daily chart for Opendoor Technologies (OPEN)

Historical P/FCF Ratio for Opendoor Technologies (OPEN) from 2019 to 2025

About P/FCF Ratio at Opendoor Technologies (OPEN)

Opendoor Technologies P/FCF Ratio by Year

Opendoor Technologies P/FCF Ratio 2025: 4.3×

Opendoor Technologies P/FCF Ratio 2023: 1.3×

Opendoor Technologies P/FCF Ratio 2022: 1.1×

Opendoor Technologies P/FCF Ratio 2020: 6.1×

Sector peers by P/FCF Ratio — chart

Sector peers by P/FCF Ratio — table

Frequently asked questions

Opendoor Technologies (OPEN) Key Financials