Question 1

What is Travelers Companies's P/FCF ratio?

Accepted Answer

Travelers Companies (TRV) P/FCF ratio is 7.2× 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 Travelers Companies?

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 Travelers Companies specifically, the relevant sector benchmark is the current sector median of 12.0×.

Question 5

Is Travelers Companies's P/FCF ratio high or low?

Accepted Answer

Travelers Companies's P/FCF ratio of 7.2× is above its own 5-year average of 5.9× and below the sector median of 12.0×. That places the current reading at the 100th 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 Travelers Companies's historical P/FCF ratio range?

Accepted Answer

In the available daily series, Travelers Companies (TRV) P/FCF ratio has ranged from a low of 4.5× in 2005 to a high of 120.8× in 2002. The 5-year average is 5.9× and the 5-year median is 6.0×.

Question 7

What was Travelers Companies's P/FCF ratio in 2025?

Accepted Answer

Travelers Companies (TRV) P/FCF ratio at the end of 2025 was 6.0×. 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 Travelers Companies'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	$63.9B	$10.6B	6.0×	+0.0×	Dec 31, 2025
2024	$54.7B	$9.07B	6.0×	+0.4×	Dec 31, 2024
2023	$43.7B	$7.71B	5.7×	-1.1×	Dec 31, 2023
2022	$43.7B	$6.47B	6.8×	+1.5×	Dec 31, 2022
2021	$38.1B	$7.27B	5.2×	-0.2×	Dec 31, 2021
2020	$35.6B	$6.52B	5.5×	-1.3×	Dec 31, 2020
2019	$35.2B	$5.21B	6.8×	-0.5×	Dec 31, 2019
2018	$31.6B	$4.38B	7.2×	-2.0×	Dec 31, 2018
2017	$37B	$4.02B	9.2×	+1.0×	Dec 31, 2017
2016	$34.5B	$4.2B	8.2×	-1.6×	Dec 31, 2016
2015	$33.8B	$3.43B	9.8×	+0.5×	Dec 31, 2015
2014	$34.6B	$3.69B	9.4×	+0.8×	Dec 31, 2014
2013	$32.5B	$3.82B	8.5×	+0.0×	Dec 31, 2013
2012	$27.4B	$3.23B	8.5×	-2.2×	Dec 31, 2012
2011	$23.2B	$2.17B	10.7×	+2.9×	Dec 31, 2011
2010	$23.9B	$3.05B	7.8×	+1.8×	Dec 31, 2010
2009	$25.3B	$4.23B	6.0×	-2.4×	Dec 31, 2009
2008	$26.4B	$3.14B	8.4×	+2.1×	Dec 31, 2008
2007	$33.2B	$5.29B	6.3×	-1.3×	Dec 31, 2007
2006	$36B	$4.77B	7.5×	-1.0×	Dec 31, 2006
2005	$30.9B	$3.64B	8.5×	+3.7×	Dec 31, 2005
2004	$24.8B	$5.14B	4.8×	-0.4×	Dec 31, 2004
2003	$17.2B	$3.29B	5.2×	-115.5×	Dec 31, 2003
2002	$7.73B	$64M	120.8×	—	Dec 31, 2002


Globe Life (GL-PD)	8.9×
UMB Financial (UMBF)	8.8×
Federal Agricultural Mortgage (AGM)	8.6×
T. Rowe Price (TROW)	8.6×
First Financial (THFF)	8.3×
Old Republic International (ORI)	8.0×
1st Source (SRCE)	8.0×
Auburn National Bancorporation (AUBN)	7.7×
Eagle Financial Services (EFSI)	7.5×
PayPal (PYPL)	7.5×
Assurant (AIZ)	7.5×
Cincinnati Financial (CINF)	7.1×
Alerus Financial (ALRS)	7.0×
American Financial Group (AFG)	6.8×
Hartford Insurance Group (HIG)	6.5×
Invesco (IVZ)	6.1×
Arch Capital Group (ACGL)	5.9×
Principal Financial Group (PFG)	5.5×
Allstate (ALL)	4.7×
Everest Group (EG)	4.6×
Capital One Financial (COF)	3.9×
Prudential Financial (PRU)	3.5×
Mercury General (MCY)	3.4×
MetLife (MET)	2.8×
StoneX Group (SNEX)	0.8×

P/FCF Ratio for Travelers Companies (TRV) 2002-2026

P/FCF Ratio daily chart for Travelers Companies (TRV)

Historical P/FCF Ratio for Travelers Companies (TRV) from 2002 to 2025

About P/FCF Ratio at Travelers Companies (TRV)

Travelers Companies P/FCF Ratio by Year

Travelers Companies P/FCF Ratio 2025: 6.0×

Travelers Companies P/FCF Ratio 2024: 6.0×

Travelers Companies P/FCF Ratio 2023: 5.7×

Travelers Companies P/FCF Ratio 2022: 6.8×

Travelers Companies P/FCF Ratio 2021: 5.2×

Sector peers by P/FCF Ratio — chart

Sector peers by P/FCF Ratio — table

Frequently asked questions

Travelers Companies (TRV) Key Financials