Question 1

What is Procter & Gamble's P/FCF ratio?

Accepted Answer

Procter & Gamble (PG) P/FCF ratio is 24.0× 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 Procter & Gamble?

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 Procter & Gamble specifically, the relevant sector benchmark is the current sector median of 16.5×.

Question 5

Is Procter & Gamble's P/FCF ratio high or low?

Accepted Answer

Procter & Gamble's P/FCF ratio of 24.0× is below its own 5-year average of 24.8× and above the sector median of 16.5×. That places the current reading at the 26th 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 Procter & Gamble's historical P/FCF ratio range?

Accepted Answer

In the available daily series, Procter & Gamble (PG) P/FCF ratio has ranged from a low of 12.6× in 2010 to a high of 32.7× in 2023. The 5-year average is 24.8× and the 5-year median is 23.7×.

Question 7

What was Procter & Gamble's P/FCF ratio in 2025?

Accepted Answer

Procter & Gamble (PG) P/FCF ratio at the end of 2025 was 27.8×. 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 Procter & Gamble'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	$391B	$14B	27.8×	+5.2×	Jun 30, 2025
2024	$402B	$17.8B	22.6×	-4.6×	Jun 30, 2024
2023	$376B	$13.8B	27.3×	+0.5×	Jun 30, 2023
2022	$363B	$13.6B	26.7×	+5.1×	Jun 30, 2022
2021	$338B	$15.6B	21.7×	+0.5×	Jun 30, 2021
2020	$304B	$14.3B	21.2×	-2.0×	Jun 30, 2020
2019	$276B	$11.9B	23.2×	+5.1×	Jun 30, 2019
2018	$202B	$11.2B	18.1×	-6.4×	Jun 30, 2018
2017	$230B	$9.37B	24.5×	+5.3×	Jun 30, 2017
2016	$233B	$12.1B	19.2×	-2.9×	Jun 30, 2016
2015	$240B	$10.9B	22.1×	+0.3×	Jun 30, 2015
2014	$220B	$10.1B	21.8×	+1.4×	Jun 30, 2014
2013	$222B	$10.9B	20.4×	+1.9×	Jun 30, 2013
2012	$172B	$9.32B	18.5×	+0.8×	Jun 30, 2012
2011	$175B	$9.93B	17.7×	+4.4×	Jun 30, 2011
2010	$172B	$13B	13.2×	+0.5×	Jun 30, 2010
2009	$149B	$11.7B	12.8×	-1.6×	Jun 30, 2009
2008	$183B	$12.8B	14.3×	-3.8×	Jun 30, 2008
2007	$191B	$10.5B	18.2×	-2.3×	Jun 30, 2007
2006	$178B	$8.71B	20.5×	+0.9×	Jun 30, 2006
2005	$128B	$6.54B	19.6×	+0.8×	Jun 30, 2005
2004	$138B	$7.34B	18.8×	+2.8×	Jun 30, 2004
2003	$116B	$7.22B	16.1×	-3.3×	Jun 30, 2003
2002	$117B	$6.06B	19.3×	—	Jun 30, 2002


Tyson Foods (TSN)	18.4×
Colgate-Palmolive (CL)	18.2×
Kenvue (KVUE)	18.1×
Hormel Foods (HRL)	17.1×
Universal Corporation (UVV)	16.5×
Marzetti (MZTI)	15.3×
Kroger (KR)	14.3×
Brown-Forman (BF-B)	13.2×
Performance Food Group (PFGC)	12.9×
Altria Group (MO)	12.8×
Constellation Brands (STZ)	12.8×
Kimberly-Clark (KMB)	12.4×
Dollar Tree (DLTR)	12.0×
General Mills (GIS)	11.1×
McCormick & Company (MKC)	10.8×
Lamb Weston (LW)	10.3×
J. M. Smucker (SJM)	9.0×
Dollar General (DG)	8.7×
Coca-Cola Europacific Partners (CCEP)	8.3×
Archer-Daniels-Midland (ADM)	7.3×
Molson Coors Beverage (TAP)	7.0×
Campbell Soup (CPB)	6.8×
Kraft Heinz (KHC)	6.6×
Conagra Brands (CAG)	6.4×
Albertsons Companies (ACI)	4.4×

P/FCF Ratio for Procter & Gamble (PG) 2002-2026

P/FCF Ratio daily chart for Procter & Gamble (PG)

Historical P/FCF Ratio for Procter & Gamble (PG) from 2002 to 2025

About P/FCF Ratio at Procter & Gamble (PG)

Procter & Gamble P/FCF Ratio by Year

Procter & Gamble P/FCF Ratio 2025: 27.8×

Procter & Gamble P/FCF Ratio 2024: 22.6×

Procter & Gamble P/FCF Ratio 2023: 27.3×

Procter & Gamble P/FCF Ratio 2022: 26.7×

Procter & Gamble P/FCF Ratio 2021: 21.7×

Sector peers by P/FCF Ratio — chart

Sector peers by P/FCF Ratio — table

Frequently asked questions

Procter & Gamble (PG) Key Financials