Question 1

What is PACCAR's P/FCF ratio?

Accepted Answer

PACCAR (PCAR) P/FCF ratio is 21.2× 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 PACCAR?

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

Question 5

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

Accepted Answer

PACCAR's P/FCF ratio of 21.2× is below its own 5-year average of 28.9× and below the sector median of 24.3×. That places the current reading at the 54th 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 PACCAR's historical P/FCF ratio range?

Accepted Answer

In the available daily series, PACCAR (PCAR) P/FCF ratio has ranged from a low of 5.0× in 2002 to a high of 1705.1× in 2005. The 5-year average is 28.9× and the 5-year median is 18.9×.

Question 7

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

Accepted Answer

PACCAR (PCAR) P/FCF ratio at the end of 2025 was 19.0×. 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 PACCAR'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	$57.6B	$3.03B	19.0×	+0.1×	Dec 31, 2025
2024	$54.6B	$2.9B	18.9×	+1.4×	Dec 31, 2024
2023	$51.2B	$2.93B	17.5×	-3.6×	Dec 31, 2023
2022	$34.5B	$1.64B	21.1×	-34.3×	Dec 31, 2022
2021	$30.7B	$554M	55.4×	+33.2×	Dec 31, 2021
2020	$30B	$1.35B	22.2×	-8.6×	Dec 31, 2020
2019	$27.4B	$890M	30.8×	+11.7×	Dec 31, 2019
2018	$19.9B	$1.04B	19.2×	-9.6×	Dec 31, 2018
2017	$25B	$869M	28.8×	-38.0×	Dec 31, 2017
2016	$22.4B	$336M	66.8×	+46.6×	Dec 31, 2016
2015	$16.7B	$831M	20.2×	-21.0×	Dec 31, 2015
2014	$24.1B	$586M	41.1×	-0.6×	Dec 31, 2014
2013	$21B	$503M	41.7×	—	Dec 31, 2013
2012	$16B	-$284M	—	—	Dec 31, 2012
2011	$13.6B	-$54.7M	—	—	Dec 31, 2011
2010	$20.9B	$1.15B	18.3×	-2.4×	Dec 31, 2010
2009	$13.2B	$640M	20.6×	—	Dec 31, 2009
2008	$10.4B	-$245M	—	—	Dec 31, 2008
2007	$20.2B	$788M	25.7×	+7.6×	Dec 31, 2007
2006	$16.2B	$898M	18.1×	-67.9×	Dec 31, 2006
2005	$11.9B	$138M	85.9×	+31.4×	Dec 31, 2005
2004	$14.1B	$258M	54.6×	+32.5×	Dec 31, 2004
2003	$9.92B	$449M	22.1×	+10.4×	Dec 31, 2003
2002	$5.33B	$455M	11.7×	—	Dec 31, 2002


Pentair (PNR)	19.8×
Thomson Reuters (TRI)	18.8×
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 PACCAR (PCAR) 2002-2026

P/FCF Ratio daily chart for PACCAR (PCAR)

Historical P/FCF Ratio for PACCAR (PCAR) from 2002 to 2025

About P/FCF Ratio at PACCAR (PCAR)

PACCAR P/FCF Ratio by Year

PACCAR P/FCF Ratio 2025: 19.0×

PACCAR P/FCF Ratio 2024: 18.9×

PACCAR P/FCF Ratio 2023: 17.5×

PACCAR P/FCF Ratio 2022: 21.1×

PACCAR P/FCF Ratio 2021: 55.4×

Sector peers by P/FCF Ratio — chart

Sector peers by P/FCF Ratio — table

Frequently asked questions

PACCAR (PCAR) Key Financials