Question 1

What is Oracle's P/FCF ratio?

Accepted Answer

Oracle (ORCL) P/FCF ratio is 102.9× as of June 17, 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 Oracle?

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 Oracle specifically, the relevant sector benchmark is the current sector median of 21.8×.

Question 5

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

Accepted Answer

Oracle's P/FCF ratio of 102.9× is above its own 5-year average of 36.0× and above the sector median of 21.8×. That places the current reading at the 100th 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 Oracle's historical P/FCF ratio range?

Accepted Answer

In the available daily series, Oracle (ORCL) P/FCF ratio has ranged from a low of 9.7× in 2009 to a high of 106.4× in 2025. The 5-year average is 36.0× and the 5-year median is 33.9×.

Question 7

What was Oracle's P/FCF ratio in 2024?

Accepted Answer

Oracle (ORCL) P/FCF ratio at the end of 2024 was 27.3×. 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 Oracle'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.


2026	$714B	-$23.7B	—	—	May 31, 2026
2025	$464B	-$394M	—	—	May 31, 2025
2024	$323B	$11.8B	27.3×	-6.5×	May 31, 2024
2023	$287B	$8.47B	33.9×	-4.3×	May 31, 2023
2022	$192B	$5.03B	38.1×	+21.7×	May 31, 2022
2021	$227B	$13.8B	16.5×	+2.1×	May 31, 2021
2020	$167B	$11.6B	14.4×	+1.1×	May 31, 2020
2019	$171B	$12.9B	13.3×	-0.5×	May 31, 2019
2018	$189B	$13.7B	13.8×	-1.6×	May 31, 2018
2017	$188B	$12.1B	15.5×	+1.7×	May 31, 2017
2016	$170B	$12.4B	13.8×	-1.2×	May 31, 2016
2015	$194B	$12.9B	15.0×	+1.7×	May 31, 2015
2014	$191B	$14.3B	13.3×	+1.6×	May 31, 2014
2013	$160B	$13.6B	11.8×	+1.9×	May 31, 2013
2012	$129B	$13.1B	9.8×	-6.3×	May 31, 2012
2011	$173B	$10.8B	16.1×	+2.9×	May 31, 2011
2010	$111B	$8.45B	13.2×	+0.3×	May 31, 2010
2009	$99.5B	$7.73B	12.9×	-3.5×	May 31, 2009
2008	$118B	$7.16B	16.4×	-2.6×	May 31, 2008
2007	$99B	$5.2B	19.0×	+1.8×	May 31, 2007
2006	$74.2B	$4.31B	17.2×	-2.3×	May 31, 2006
2005	$65.6B	$3.36B	19.5×	+0.3×	May 31, 2005
2004	$57.7B	$3.01B	19.2×	-5.8×	May 31, 2004
2003	$68.2B	$2.73B	25.0×	+10.3×	May 31, 2003
2002	$43.3B	$2.97B	14.6×	—	May 31, 2002


Zebra Technologies (ZBRA)	12.2×
Skyworks Solutions (SWKS)	11.9×
Cognizant (CTSH)	11.8×
NetApp (NTAP)	11.5×
Duolingo (DUOL)	11.1×
Block (XYZ)	11.0×
QUALCOMM (QCOM)	10.8×
Leidos Holdings (LDOS)	10.8×
Workday (WDAY)	10.5×
Salesforce (CRM)	10.5×
Qorvo (QRVO)	10.4×
Adobe (ADBE)	9.8×
Accenture (ACN)	9.6×
Strategy (MSTR)	9.2×
Gartner (IT)	8.8×
Fidelity National Information Services (FIS)	8.7×
DocuSign (DOCU)	8.0×
Gen Digital (GEN)	7.5×
Fiserv (FISV)	7.2×
Science Applications International (SAIC)	7.0×
Hewlett Packard Enterprise (HPE)	6.8×
GoDaddy (GDDY)	6.7×
HP (HPQ)	5.1×
Lyft (LYFT)	4.5×
IBM (IBM)	0.0×

P/FCF Ratio for Oracle (ORCL) 2002-2026

P/FCF Ratio daily chart for Oracle (ORCL)

Historical P/FCF Ratio for Oracle (ORCL) from 2002 to 2026

About P/FCF Ratio at Oracle (ORCL)

Oracle P/FCF Ratio by Year

Oracle P/FCF Ratio 2024: 27.3×

Oracle P/FCF Ratio 2023: 33.9×

Oracle P/FCF Ratio 2022: 38.1×

Oracle P/FCF Ratio 2021: 16.5×

Oracle P/FCF Ratio 2020: 14.4×

Sector peers by P/FCF Ratio — chart

Sector peers by P/FCF Ratio — table

Frequently asked questions

Oracle (ORCL) Key Financials