Question 1

What is Southern Company's P/FCF ratio?

Accepted Answer

Southern Company (SO) P/FCF ratio is 185.5× as of April 30, 2025. 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 Southern Company?

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 Southern Company specifically, the relevant sector benchmark is the current sector median of 32.9×.

Question 5

Is Southern Company's P/FCF ratio high or low?

Accepted Answer

Southern Company's P/FCF ratio of 185.5× is below its own 5-year average of 203.9× and above the sector median of 32.9×. That places the current reading at the 37th 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 Southern Company's historical P/FCF ratio range?

Accepted Answer

In the available daily series, Southern Company (SO) P/FCF ratio has ranged from a low of 20.8× in 2003 to a high of 1008.6× in 2013. The 5-year average is 203.9× and the 5-year median is 203.9×.

Question 7

What was Southern Company's P/FCF ratio in 2024?

Accepted Answer

Southern Company (SO) P/FCF ratio at the end of 2024 was 164.0×. 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 Southern Company'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	$96.18B	−$3.29B	—	—	Dec 31, 2025
2024	$90.39B	$551.00M	164.0×	—	Dec 31, 2024
2023	$76.57B	−$1.54B	—	—	Dec 31, 2023
2022	$77.84B	−$1.62B	—	—	Dec 31, 2022
2021	$72.83B	−$1.07B	—	—	Dec 31, 2021
2020	$64.99B	−$745.00M	—	—	Dec 31, 2020
2019	$67.08B	−$1.77B	—	—	Dec 31, 2019
2018	$45.40B	−$1.06B	—	—	Dec 31, 2018
2017	$48.46B	−$1.03B	—	—	Dec 31, 2017
2016	$48.71B	−$2.42B	—	—	Dec 31, 2016
2015	$42.65B	−$1.12B	—	—	Dec 31, 2015
2014	$44.61B	−$162.00M	—	—	Dec 31, 2014
2013	$36.48B	$634.00M	57.5×	-360.0×	Dec 31, 2013
2012	$37.16B	$89.00M	417.5×	+388.6×	Dec 31, 2012
2011	$39.78B	$1.38B	28.9×	—	Dec 31, 2011
2010	$32.14B	−$95.00M	—	—	Dec 31, 2010
2009	$26.96B	−$1.41B	—	—	Dec 31, 2009
2008	$28.56B	−$563.00M	—	—	Dec 31, 2008
2007	$29.49B	−$150.00M	—	—	Dec 31, 2007
2006	$27.52B	−$174.00M	—	—	Dec 31, 2006
2005	$25.66B	$160.00M	160.4×	+117.7×	Dec 31, 2005
2004	$24.86B	$582.00M	42.7×	+21.9×	Dec 31, 2004
2003	$22.14B	$1.06B	20.8×	-156.9×	Dec 31, 2003
2002	$20.26B	$114.00M	177.7×	—	Dec 31, 2002
2001	$17.62B	−$233.00M	—	—	Dec 31, 2001


Eversource Energy (ES)	110.1×
Constellation Energy (CEG)	86.9×
NextEra Energy (NEE)	82.1×
American States Water (AWR)	77.8×
Middlesex Water (MSEX)	63.1×
Vistra (VST)	52.9×
UGI (UGI)	32.9×
GE Vernova (GEV)	31.2×
FirstEnergy (FE)	16.3×
Duke Energy (DUK)	15.4×
Consolidated Edison (ED)	14.6×
American Electric Power Company (AEP)	11.5×
Avista (AVA)	7.9×

P/FCF Ratio for Southern Company (SO)

P/FCF Ratio daily chart for Southern Company (SO)

Historical P/FCF Ratio for Southern Company (SO) from 2001 to 2025

About P/FCF Ratio at Southern Company (SO)

Southern Company P/FCF Ratio by Year

Southern Company P/FCF Ratio 2024: 164.0×

Southern Company P/FCF Ratio 2013: 57.5×

Southern Company P/FCF Ratio 2012: 417.5×

Southern Company P/FCF Ratio 2011: 28.9×

Southern Company P/FCF Ratio 2005: 160.4×

Sector peers by P/FCF Ratio — chart

Sector peers by P/FCF Ratio — table

Frequently asked questions

Southern Company (SO) Key Financials

P/FCF Ratio daily chart for Southern Company (SO)

Historical P/FCF Ratio for Southern Company (SO) from 2001 to 2025

About P/FCF Ratio at Southern Company (SO)

Southern Company P/FCF Ratio by Year

Southern Company P/FCF Ratio 2024: 164.0×

Southern Company P/FCF Ratio 2013: 57.5×

Southern Company P/FCF Ratio 2012: 417.5×

Southern Company P/FCF Ratio 2011: 28.9×

Southern Company P/FCF Ratio 2005: 160.4×

Sector peers by P/FCF Ratio — chart

Sector peers by P/FCF Ratio — table

Frequently asked questions

+What is Southern Company's P/FCF ratio?

+How is the P/FCF ratio calculated?

+What is the P/FCF ratio?

+What is a good P/FCF ratio for Southern Company?

+Is Southern Company's P/FCF ratio high or low?

+What is Southern Company's historical P/FCF ratio range?

+What was Southern Company's P/FCF ratio in 2024?

+Why does Southern Company's P/FCF ratio change over time?

Southern Company (SO) Key Financials