Question 1

What is PNC Financial Services Group's P/FCF ratio?

Accepted Answer

PNC Financial Services Group (PNC) P/FCF ratio is 15.2× as of July 14, 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 PNC Financial Services Group?

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 PNC Financial Services Group specifically, the relevant sector benchmark is the current sector median of 12.0×.

Question 5

Is PNC Financial Services Group's P/FCF ratio high or low?

Accepted Answer

PNC Financial Services Group's P/FCF ratio of 15.2× is above its own 5-year average of 9.8× and above the sector median of 12.0×. That places the current reading at the 83th 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 PNC Financial Services Group's historical P/FCF ratio range?

Accepted Answer

In the available daily series, PNC Financial Services Group (PNC) P/FCF ratio has ranged from a low of 1.6× in 2002 to a high of 35.2× in 2004. The 5-year average is 9.8× and the 5-year median is 9.8×.

Question 7

What was PNC Financial Services Group's P/FCF ratio in 2025?

Accepted Answer

PNC Financial Services Group (PNC) P/FCF ratio at the end of 2025 was 18.8×. 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 PNC Financial Services Group'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	$82.2B	$4.38B	18.8×	+9.0×	Dec 31, 2025
2024	$76.9B	$7.88B	9.8×	+3.6×	Dec 31, 2024
2023	$61.9B	$10.1B	6.1×	-0.9×	Dec 31, 2023
2022	$63.8B	$9.08B	7.0×	-4.8×	Dec 31, 2022
2021	$85B	$7.21B	11.8×	-1.8×	Dec 31, 2021
2020	$63.3B	$4.66B	13.6×	+4.1×	Dec 31, 2020
2019	$69.8B	$7.36B	9.5×	+2.6×	Dec 31, 2019
2018	$53.9B	$7.84B	6.9×	-5.4×	Dec 31, 2018
2017	$68.7B	$5.59B	12.3×	-3.4×	Dec 31, 2017
2016	$57B	$3.64B	15.7×	+6.9×	Dec 31, 2016
2015	$48.2B	$5.53B	8.7×	+0.1×	Dec 31, 2015
2014	$47.8B	$5.56B	8.6×	+1.2×	Dec 31, 2014
2013	$41.1B	$5.56B	7.4×	+2.9×	Dec 31, 2013
2012	$30.7B	$6.83B	4.5×	-0.5×	Dec 31, 2012
2011	$30.2B	$6.04B	5.0×	-1.6×	Dec 31, 2011
2010	$31.8B	$4.81B	6.6×	+2.4×	Dec 31, 2010
2009	$24.3B	$5.75B	4.2×	+1.9×	Dec 31, 2009
2008	$17.1B	$7.41B	2.3×	—	Dec 31, 2008
2007	$22.1B	-$416M	—	—	Dec 31, 2007
2006	$22.8B	$2.65B	8.6×	—	Dec 31, 2006
2005	$17.9B	-$676M	—	—	Dec 31, 2005
2004	$16.1B	$458M	35.2×	+26.2×	Dec 31, 2004
2003	$15.2B	$1.67B	9.1×	+7.5×	Dec 31, 2003
2002	$11.9B	$7.36B	1.6×	—	Dec 31, 2002


UMB Financial (UMBF)	8.8×
Federal Agricultural Mortgage (AGM)	8.6×
T. Rowe Price (TROW)	8.6×
First Financial (THFF)	8.3×
Old Republic International (ORI)	8.0×
1st Source (SRCE)	8.0×
Auburn National Bancorporation (AUBN)	7.7×
Eagle Financial Services (EFSI)	7.5×
PayPal (PYPL)	7.5×
Assurant (AIZ)	7.5×
Cincinnati Financial (CINF)	7.1×
Alerus Financial (ALRS)	7.0×
American Financial Group (AFG)	6.8×
Hartford Insurance Group (HIG)	6.5×
Travelers Companies (TRV)	6.3×
Invesco (IVZ)	6.1×
Arch Capital Group (ACGL)	5.9×
Principal Financial Group (PFG)	5.5×
Allstate (ALL)	4.7×
Everest Group (EG)	4.6×
Capital One Financial (COF)	3.9×
Prudential Financial (PRU)	3.5×
Mercury General (MCY)	3.4×
MetLife (MET)	2.8×
StoneX Group (SNEX)	0.8×

P/FCF Ratio for PNC Financial Services Group (PNC) 2002-2026

P/FCF Ratio daily chart for PNC Financial Services Group (PNC)

Historical P/FCF Ratio for PNC Financial Services Group (PNC) from 2002 to 2025

About P/FCF Ratio at PNC Financial Services Group (PNC)

PNC Financial Services Group P/FCF Ratio by Year

PNC Financial Services Group P/FCF Ratio 2025: 18.8×

PNC Financial Services Group P/FCF Ratio 2024: 9.8×

PNC Financial Services Group P/FCF Ratio 2023: 6.1×

PNC Financial Services Group P/FCF Ratio 2022: 7.0×

PNC Financial Services Group P/FCF Ratio 2021: 11.8×

Sector peers by P/FCF Ratio — chart

Sector peers by P/FCF Ratio — table

Frequently asked questions

PNC Financial Services Group (PNC) Key Financials