Question 1

What is Snap's P/FCF ratio?

Accepted Answer

Snap (SNAP) P/FCF ratio is 12.4× 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 Snap?

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 Snap specifically, the relevant sector benchmark is the current sector median of 18.1×.

Question 5

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

Accepted Answer

Snap's P/FCF ratio of 12.4× is below its own 5-year average of 643.5× and below the sector median of 18.1×. That places the current reading at the 1th 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 Snap's historical P/FCF ratio range?

Accepted Answer

In the available daily series, Snap (SNAP) P/FCF ratio has ranged from a low of 12.0× in 2026 to a high of 12309.0× in 2024. The 5-year average is 643.5× and the 5-year median is 124.9×.

Question 7

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

Accepted Answer

Snap (SNAP) P/FCF ratio at the end of 2025 was 31.6×. 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 Snap'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	$13.8B	$437M	31.6×	-53.0×	Dec 31, 2025
2024	$18.5B	$219M	84.6×	-712.8×	Dec 31, 2024
2023	$27.7B	$34.8M	797.4×	+542.7×	Dec 31, 2023
2022	$14.1B	$55.3M	254.7×	-83.7×	Dec 31, 2022
2021	$75.5B	$223M	338.4×	—	Dec 31, 2021
2020	$73.4B	-$225M	—	—	Dec 31, 2020
2019	$23B	-$341M	—	—	Dec 31, 2019
2018	$7.3B	-$810M	—	—	Dec 31, 2018
2017	$18.2B	-$827M	—	—	Dec 31, 2017
2016	$24.9B	-$678M	—	—	Dec 31, 2016
2015	$18.5B	-$326M	—	—	Dec 31, 2015


Telephone and Data Systems (TDS)	85.4×
DoorDash (DASH)	37.3×
Meta (META)	30.0×
Reddit (RDDT)	29.7×
Warner Bros. Discovery (WBD)	29.6×
Live Nation Entertainment (LYV)	28.7×
Netflix (NFLX)	27.2×
Spotify (SPOT)	27.0×
News (NWSA)	24.7×
Paramount Skydance (PSKY)	24.5×
Walt Disney (DIS)	23.0×
Roku (ROKU)	21.4×
T-Mobile US (TMUS)	14.8×
John Wiley & Sons (WLY)	12.2×
Verizon (VZ)	10.5×
Fox (FOXA)	10.5×
Pinterest (PINS)	9.7×
TKO Group Holdings (TKO)	8.9×
Match Group (MTCH)	7.3×
Charter Communications (CHTR)	6.7×
Omnicom Group (OMC)	5.2×
Comcast (CMCSA)	5.1×
Versant Media Group, Inc. Class A (VSNT)	2.7×

P/FCF Ratio for Snap (SNAP) 2021-2026

P/FCF Ratio daily chart for Snap (SNAP)

Historical P/FCF Ratio for Snap (SNAP) from 2015 to 2025

About P/FCF Ratio at Snap (SNAP)

Snap P/FCF Ratio by Year

Snap P/FCF Ratio 2025: 31.6×

Snap P/FCF Ratio 2024: 84.6×

Snap P/FCF Ratio 2023: 797.4×

Snap P/FCF Ratio 2022: 254.7×

Snap P/FCF Ratio 2021: 338.4×

Sector peers by P/FCF Ratio — chart

Sector peers by P/FCF Ratio — table

Frequently asked questions

Snap (SNAP) Key Financials