Question 1

What is Trimble's P/FCF ratio?

Accepted Answer

Trimble (TRMB) P/FCF ratio is 46.9× as of July 22, 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 Trimble?

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 Trimble specifically, the relevant sector benchmark is the current sector median of 21.8×.

Question 5

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

Accepted Answer

Trimble's P/FCF ratio of 46.9× is above its own 5-year average of 40.1× and above the sector median of 21.8×. That places the current reading at the 80th 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 Trimble's historical P/FCF ratio range?

Accepted Answer

In the available daily series, Trimble (TRMB) P/FCF ratio has ranged from a low of 9.6× in 2002 to a high of 126.8× in 2026. The 5-year average is 40.1× and the 5-year median is 31.3×.

Question 7

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

Accepted Answer

Trimble (TRMB) P/FCF ratio at the end of 2026 was 139.6×. 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 Trimble'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	$18.6B	$133M	139.6×	—	Jan 2, 2026
2024	$17.5B	$498M	35.2×	+11.5×	Dec 31, 2024
2023	$13.2B	$555M	23.7×	-12.1×	Dec 31, 2023
2022	$12.5B	$348M	35.9×	+4.8×	Dec 31, 2022
2021	$21.9B	$704M	31.1×	+3.9×	Dec 31, 2021
2020	$16.7B	$615M	27.2×	+7.1×	Dec 31, 2020
2019	$10.4B	$516M	20.2×	+0.4×	Dec 31, 2019
2018	$8.27B	$419M	19.7×	-7.8×	Dec 31, 2018
2017	$10.1B	$368M	27.5×	+7.7×	Dec 31, 2017
2016	$7.56B	$381M	19.8×	+2.6×	Dec 31, 2016
2015	$5.37B	$311M	17.3×	-2.3×	Dec 31, 2015
2014	$6.88B	$352M	19.5×	-6.5×	Dec 31, 2014
2013	$8.96B	$344M	26.1×	-0.5×	Dec 31, 2013
2012	$7.57B	$285M	26.5×	+1.6×	Dec 31, 2012
2011	$5.4B	$217M	24.9×	-24.3×	Dec 31, 2011
2010	$4.86B	$98.8M	49.2×	+29.6×	Dec 31, 2010
2009	$3.04B	$155M	19.6×	+3.5×	Dec 31, 2009
2008	$2.58B	$160M	16.1×	-5.0×	Dec 31, 2008
2007	$3.67B	$174M	21.1×	-3.0×	Dec 31, 2007
2006	$2.93B	$122M	24.1×	-3.1×	Dec 31, 2006
2005	$1.93B	$70.9M	27.2×	-1.6×	Dec 31, 2005
2004	$1.73B	$60.4M	28.7×	-20.2×	Dec 31, 2004
2003	$1.25B	$25.6M	49.0×	+35.9×	Dec 31, 2003
2002	$367M	$27.9M	13.1×	—	Dec 31, 2002


Zebra Technologies (ZBRA)	12.2×
Skyworks Solutions (SWKS)	11.9×
Cognizant (CTSH)	11.8×
NetApp (NTAP)	11.5×
Duolingo (DUOL)	11.1×
Block (XYZ)	11.0×
QUALCOMM (QCOM)	10.8×
Leidos Holdings (LDOS)	10.8×
Workday (WDAY)	10.5×
Salesforce (CRM)	10.5×
Qorvo (QRVO)	10.4×
Adobe (ADBE)	9.8×
Accenture (ACN)	9.6×
Strategy (MSTR)	9.2×
Gartner (IT)	8.8×
Fidelity National Information Services (FIS)	8.7×
DocuSign (DOCU)	8.0×
Gen Digital (GEN)	7.5×
Fiserv (FISV)	7.2×
Science Applications International (SAIC)	7.0×
Hewlett Packard Enterprise (HPE)	6.8×
GoDaddy (GDDY)	6.7×
HP (HPQ)	5.1×
Lyft (LYFT)	4.5×
IBM (IBM)	0.0×

P/FCF Ratio for Trimble (TRMB) 2002-2026

P/FCF Ratio daily chart for Trimble (TRMB)

Historical P/FCF Ratio for Trimble (TRMB) from 2002 to 2026

About P/FCF Ratio at Trimble (TRMB)

Trimble P/FCF Ratio by Year

Trimble P/FCF Ratio 2026: 139.6×

Trimble P/FCF Ratio 2024: 35.2×

Trimble P/FCF Ratio 2023: 23.7×

Trimble P/FCF Ratio 2022: 35.9×

Trimble P/FCF Ratio 2021: 31.1×

Sector peers by P/FCF Ratio — chart

Sector peers by P/FCF Ratio — table

Frequently asked questions

Trimble (TRMB) Key Financials