Question 1

What is Charles Schwab's P/FCF ratio?

Accepted Answer

Charles Schwab (SCHW) P/FCF ratio is 26.3× 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 Charles Schwab?

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 Charles Schwab specifically, the relevant sector benchmark is the current sector median of 12.0×.

Question 5

Is Charles Schwab's P/FCF ratio high or low?

Accepted Answer

Charles Schwab's P/FCF ratio of 26.3× is below its own 5-year average of 34.3× and above the sector median of 12.0×. That places the current reading at the 80th 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 Charles Schwab's historical P/FCF ratio range?

Accepted Answer

In the available daily series, Charles Schwab (SCHW) P/FCF ratio has ranged from a low of 0.0× in 2011 to a high of 227.4× in 2002. The 5-year average is 34.3× and the 5-year median is 16.2×.

Question 7

What was Charles Schwab's P/FCF ratio in 2025?

Accepted Answer

Charles Schwab (SCHW) P/FCF ratio at the end of 2025 was 20.2×. 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 Charles Schwab'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	$177B	$8.76B	20.2×	-45.9×	Dec 31, 2025
2024	$136B	$2.05B	66.1×	+59.5×	Dec 31, 2024
2023	$125B	$18.9B	6.6×	-136.3×	Dec 31, 2023
2022	$155B	$1.09B	142.9×	+10.5×	Dec 31, 2022
2021	$159B	$1.2B	132.4×	+120.2×	Dec 31, 2021
2020	$75.8B	$6.22B	12.2×	+5.1×	Dec 31, 2020
2019	$61.1B	$8.62B	7.1×	+2.4×	Dec 31, 2019
2018	$55.8B	$11.9B	4.7×	-41.7×	Dec 31, 2018
2017	$69B	$1.49B	46.4×	+23.8×	Dec 31, 2017
2016	$52.5B	$2.32B	22.6×	-21.7×	Dec 31, 2016
2015	$43.4B	$980M	44.3×	+23.9×	Dec 31, 2015
2014	$39.7B	$1.95B	20.4×	-3.5×	Dec 31, 2014
2013	$33.6B	$1.41B	23.9×	+7.7×	Dec 31, 2013
2012	$18.1B	$1.12B	16.2×	+16.2×	Dec 31, 2012
2011	$0.00	$2.28B	0.0×	—	Dec 31, 2011
2010	$0.00	-$138M	—	—	Dec 31, 2010
2009	$0.00	$1.3B	0.0×	—	Dec 31, 2009
2008	$0.00	-$186M	—	—	Dec 31, 2008
2007	$0.00	$1.58B	0.0×	0.0×	Dec 31, 2007
2006	$0.00	$1.73B	0.0×	0.0×	Dec 31, 2006
2005	$0.00	$555M	0.0×	0.0×	Dec 31, 2005
2004	$0.00	$492M	0.0×	—	Dec 31, 2004
2003	$0.00	-$146M	—	—	Dec 31, 2003
2002	$0.00	$9M	0.0×	—	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 Charles Schwab (SCHW) 2002-2026

P/FCF Ratio daily chart for Charles Schwab (SCHW)

Historical P/FCF Ratio for Charles Schwab (SCHW) from 2002 to 2025

About P/FCF Ratio at Charles Schwab (SCHW)

Charles Schwab P/FCF Ratio by Year

Charles Schwab P/FCF Ratio 2025: 20.2×

Charles Schwab P/FCF Ratio 2024: 66.1×

Charles Schwab P/FCF Ratio 2023: 6.6×

Charles Schwab P/FCF Ratio 2022: 142.9×

Charles Schwab P/FCF Ratio 2021: 132.4×

Sector peers by P/FCF Ratio — chart

Sector peers by P/FCF Ratio — table

Frequently asked questions

Charles Schwab (SCHW) Key Financials