Question 1

What is Southern Company's P/FCF ratio?

Accepted Answer

Southern Company (SO) P/FCF ratio is 508.6× 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 45.4×.

Question 5

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

Accepted Answer

Southern Company's P/FCF ratio of 508.6× is above its own 5-year average of 427.6× and above the sector median of 45.4×. That places the current reading at the 97th 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 427.6× and the 5-year median is 427.6×.

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 449.7×. 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	$96.2B	-$3.25B	—	—	Dec 31, 2025
2024	$90.4B	$201M	449.7×	—	Dec 31, 2024
2023	$76.6B	-$1.54B	—	—	Dec 31, 2023
2022	$77.8B	-$1.62B	—	—	Dec 31, 2022
2021	$72.8B	-$1.07B	—	—	Dec 31, 2021
2020	$65B	-$745M	—	—	Dec 31, 2020
2019	$67.1B	-$1.77B	—	—	Dec 31, 2019
2018	$45.4B	-$1.06B	—	—	Dec 31, 2018
2017	$48.5B	-$1.03B	—	—	Dec 31, 2017
2016	$48.7B	-$2.42B	—	—	Dec 31, 2016
2015	$42.7B	-$1.12B	—	—	Dec 31, 2015
2014	$44.6B	-$162M	—	—	Dec 31, 2014
2013	$36.5B	$634M	57.5×	-360.0×	Dec 31, 2013
2012	$37.2B	$89M	417.5×	+388.6×	Dec 31, 2012
2011	$39.8B	$1.38B	28.9×	—	Dec 31, 2011
2010	$32.1B	-$95M	—	—	Dec 31, 2010
2009	$27B	-$1.41B	—	—	Dec 31, 2009
2008	$28.6B	-$563M	—	—	Dec 31, 2008
2007	$29.5B	-$150M	—	—	Dec 31, 2007
2006	$27.5B	-$174M	—	—	Dec 31, 2006
2005	$25.7B	$160M	160.4×	+117.7×	Dec 31, 2005
2004	$24.9B	$582M	42.7×	+21.9×	Dec 31, 2004
2003	$22.1B	$1.06B	20.8×	-156.9×	Dec 31, 2003
2002	$20.3B	$114M	177.7×	—	Dec 31, 2002


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)	45.4×
UGI (UGI)	32.9×
FirstEnergy (FE)	16.3×
Duke Energy (DUK)	15.4×
Consolidated Edison (ED)	14.6×
American Electric Power Company (AEP)	9.3×

P/FCF Ratio for Southern Company (SO) 2002-2026

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

Historical P/FCF Ratio for Southern Company (SO) from 2002 to 2025

About P/FCF Ratio at Southern Company (SO)

Southern Company P/FCF Ratio by Year

Southern Company P/FCF Ratio 2024: 449.7×

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