P/FCF Ratio for Toast (TOST) 2023-2026

Toast (TOST) P/FCF ratio is 29.7× as of July 31, 2026. The 5-year average is 308.2×. The sector median currently stands at 21.9×. The current ratio is at the 17th percentile of its own 10-year history.

Toast (TOST) historical P/FCF ratio has ranged from a low of 20.6× (2026) to a high of 2901.0× (2021) in the available daily series.

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.