Question 1

What is Telephone and Data Systems's P/FCF ratio?

Accepted Answer

Telephone and Data Systems (TDS) P/FCF ratio is 81.3× 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 Telephone and Data Systems?

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 Telephone and Data Systems specifically, the relevant sector benchmark is the current sector median of 21.7×.

Question 5

Is Telephone and Data Systems's P/FCF ratio high or low?

Accepted Answer

Telephone and Data Systems's P/FCF ratio of 81.3× is above its own 5-year average of 19.0× and above the sector median of 21.7×. That places the current reading at the 98th 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 Telephone and Data Systems's historical P/FCF ratio range?

Accepted Answer

In the available daily series, Telephone and Data Systems (TDS) P/FCF ratio has ranged from a low of 4.9× in 2024 to a high of 96.5× in 2026. The 5-year average is 19.0× and the 5-year median is 13.9×.

Question 7

What was Telephone and Data Systems's P/FCF ratio in 2025?

Accepted Answer

Telephone and Data Systems (TDS) P/FCF ratio at the end of 2025 was 24.4×. 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 Telephone and Data Systems'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	$4.71B	$193.19M	24.4×	+8.2×	Dec 31, 2025
2024	$3.89B	$241.00M	16.1×	—	Dec 31, 2024
2023	$2.07B	−$93.00M	—	—	Dec 31, 2023
2022	$1.19B	−$83.00M	—	—	Dec 31, 2022
2021	$2.32B	−$1.31B	—	—	Dec 31, 2021
2020	$2.12B	$164.00M	12.9×	-36.7×	Dec 31, 2020
2019	$2.92B	$59.00M	49.6×	+34.3×	Dec 31, 2019
2018	$3.68B	$241.00M	15.3×	-18.7×	Dec 31, 2018
2017	$3.09B	$91.00M	33.9×	+12.2×	Dec 31, 2017
2016	$3.18B	$146.00M	21.8×	—	Dec 31, 2016
2015	$2.82B	−$10.93M	—	—	Dec 31, 2015
2014	$2.63B	−$404.68M	—	—	Dec 31, 2014
2013	$2.80B	−$389.19M	—	—	Dec 31, 2013
2012	$2.40B	$109.66M	21.9×	+12.7×	Dec 31, 2012
2011	$2.59B	$283.95M	9.1×	-1.2×	Dec 31, 2011
2010	$3.80B	$366.91M	10.4×	+1.4×	Dec 31, 2010
2009	$3.59B	$402.15M	8.9×	—	Dec 31, 2009
2008	$3.56B	−$275.22M	—	—	Dec 31, 2008
2007	$7.36B	$241.47M	30.5×	-8.1×	Dec 31, 2007
2006	$6.35B	$164.70M	38.5×	+12.4×	Dec 31, 2006
2005	$4.17B	$159.67M	26.1×	—	Dec 31, 2005
2004	$4.54B	−$50.86M	—	—	Dec 31, 2004
2003	$3.67B	$143.45M	25.6×	—	Dec 31, 2003
2002	$2.82B	−$105.41M	—	—	Dec 31, 2002
2001	$5.39B	−$154.34M	—	—	Dec 31, 2001


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P/FCF Ratio for Telephone and Data Systems (TDS)

P/FCF Ratio daily chart for Telephone and Data Systems (TDS)

Historical P/FCF Ratio for Telephone and Data Systems (TDS) from 2001 to 2025

About P/FCF Ratio at Telephone and Data Systems (TDS)

Telephone and Data Systems P/FCF Ratio by Year

Telephone and Data Systems P/FCF Ratio 2025: 24.4×

Telephone and Data Systems P/FCF Ratio 2024: 16.1×

Telephone and Data Systems P/FCF Ratio 2020: 12.9×

Telephone and Data Systems P/FCF Ratio 2019: 49.6×

Telephone and Data Systems P/FCF Ratio 2018: 15.3×

Sector peers by P/FCF Ratio — chart

Sector peers by P/FCF Ratio — table

Frequently asked questions

Telephone and Data Systems (TDS) Key Financials

P/FCF Ratio daily chart for Telephone and Data Systems (TDS)

Historical P/FCF Ratio for Telephone and Data Systems (TDS) from 2001 to 2025

About P/FCF Ratio at Telephone and Data Systems (TDS)

Telephone and Data Systems P/FCF Ratio by Year

Telephone and Data Systems P/FCF Ratio 2025: 24.4×

Telephone and Data Systems P/FCF Ratio 2024: 16.1×

Telephone and Data Systems P/FCF Ratio 2020: 12.9×

Telephone and Data Systems P/FCF Ratio 2019: 49.6×

Telephone and Data Systems P/FCF Ratio 2018: 15.3×

Sector peers by P/FCF Ratio — chart

Sector peers by P/FCF Ratio — table

Frequently asked questions

+What is Telephone and Data Systems'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 Telephone and Data Systems?

+Is Telephone and Data Systems's P/FCF ratio high or low?

+What is Telephone and Data Systems's historical P/FCF ratio range?

+What was Telephone and Data Systems's P/FCF ratio in 2025?

+Why does Telephone and Data Systems's P/FCF ratio change over time?

Telephone and Data Systems (TDS) Key Financials