Question 1

What is STERIS's P/FCF ratio?

Accepted Answer

STERIS (STE) P/FCF ratio is 21.5× as of June 5, 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 STERIS?

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 STERIS specifically, the relevant sector benchmark is the current sector median of 19.8×.

Question 5

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

Accepted Answer

STERIS's P/FCF ratio of 21.5× is below its own 5-year average of 39.3× and above the sector median of 19.8×. That places the current reading at the 0th 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 STERIS's historical P/FCF ratio range?

Accepted Answer

In the available daily series, STERIS (STE) P/FCF ratio has ranged from a low of 9.3× in 2009 to a high of 106.8× in 2011. The 5-year average is 39.3× and the 5-year median is 38.5×.

Question 7

What was STERIS's P/FCF ratio in 2026?

Accepted Answer

STERIS (STE) P/FCF ratio at the end of 2026 was 22.3×. 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 STERIS'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.


2026	$21.67B	$972.40M	22.3×	-6.3×	Mar 31, 2026
2025	$22.27B	$778.00M	28.6×	-7.0×	Mar 31, 2025
2024	$21.85B	$612.95M	35.6×	-12.3×	Mar 31, 2024
2023	$18.95B	$394.98M	48.0×	-13.0×	Mar 31, 2023
2022	$24.20B	$397.25M	60.9×	+24.8×	Mar 31, 2022
2021	$16.26B	$450.38M	36.1×	+4.5×	Mar 31, 2021
2020	$11.88B	$376.04M	31.6×	+0.8×	Mar 31, 2020
2019	$10.77B	$349.79M	30.8×	+3.7×	Mar 31, 2019
2018	$7.92B	$292.18M	27.1×	+3.6×	Mar 31, 2018
2017	$5.90B	$251.19M	23.5×	-24.1×	Mar 31, 2017
2016	$6.10B	$128.27M	47.6×	+21.5×	Mar 31, 2016
2015	$4.19B	$160.78M	26.1×	+3.2×	Mar 31, 2015
2014	$2.81B	$123.26M	22.8×	+5.6×	Mar 31, 2014
2013	$2.41B	$140.40M	17.2×	-4.9×	Mar 31, 2013
2012	$1.82B	$82.69M	22.1×	-28.7×	Mar 31, 2012
2011	$2.05B	$40.30M	50.8×	+39.8×	Mar 31, 2011
2010	$1.98B	$180.87M	11.0×	+0.2×	Mar 31, 2010
2009	$1.36B	$126.50M	10.8×	-8.4×	Mar 31, 2009
2008	$1.65B	$86.43M	19.1×	-17.6×	Mar 31, 2008
2007	$1.71B	$46.72M	36.7×	+21.8×	Mar 31, 2007
2006	$1.65B	$110.78M	14.9×	-3.5×	Mar 31, 2006
2005	$1.76B	$95.22M	18.4×	-13.7×	Mar 31, 2005
2004	$1.77B	$55.09M	32.2×	+7.9×	Mar 31, 2004
2003	$1.81B	$74.70M	24.3×	+5.2×	Mar 31, 2003
2002	$1.46B	$76.34M	19.1×	—	Mar 31, 2002


Align Technology (ALGN)	17.8×
McKesson (MCK)	17.8×
Gilead Sciences (GILD)	16.9×
DexCom (DXCM)	16.9×
Pfizer (PFE)	16.7×
Humana (HUM)	16.4×
Quest Diagnostics (DGX)	16.3×
Labcorp Holdings (LH)	15.9×
Becton, Dickinson and (BDX)	14.0×
HCA Healthcare (HCA)	13.5×
Incyte (INCY)	12.9×
UnitedHealth Group (UNH)	12.5×
CVS Health (CVS)	12.4×
Universal Health Services (UHS)	12.2×
Baxter International (BAX)	12.1×
Cardinal Health (CAH)	11.3×
IQVIA (IQV)	10.7×
Bristol-Myers Squibb (BMY)	10.4×
Biogen (BIIB)	10.3×
Elevance Health (ELV)	10.0×
Zimmer Biomet Holdings (ZBH)	9.6×
Cigna (CI)	9.1×
Viatris (VTRS)	9.1×
DaVita (DVA)	6.9×
Centene (CNC)	2.5×

P/FCF Ratio for STERIS (STE)

P/FCF Ratio daily chart for STERIS (STE)

Historical P/FCF Ratio for STERIS (STE) from 2002 to 2026

About P/FCF Ratio at STERIS (STE)

STERIS P/FCF Ratio by Year

STERIS P/FCF Ratio 2026: 22.3×

STERIS P/FCF Ratio 2025: 28.6×

STERIS P/FCF Ratio 2024: 35.6×

STERIS P/FCF Ratio 2023: 48.0×

STERIS P/FCF Ratio 2022: 60.9×

Sector peers by P/FCF Ratio — chart

Sector peers by P/FCF Ratio — table

Frequently asked questions

STERIS (STE) Key Financials

P/FCF Ratio daily chart for STERIS (STE)

Historical P/FCF Ratio for STERIS (STE) from 2002 to 2026

About P/FCF Ratio at STERIS (STE)

STERIS P/FCF Ratio by Year

STERIS P/FCF Ratio 2026: 22.3×

STERIS P/FCF Ratio 2025: 28.6×

STERIS P/FCF Ratio 2024: 35.6×

STERIS P/FCF Ratio 2023: 48.0×

STERIS P/FCF Ratio 2022: 60.9×

Sector peers by P/FCF Ratio — chart

Sector peers by P/FCF Ratio — table

Frequently asked questions

+What is STERIS'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 STERIS?

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

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

+What was STERIS's P/FCF ratio in 2026?

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

STERIS (STE) Key Financials