Question 1

What is UGI's P/FCF ratio?

Accepted Answer

UGI (UGI) P/FCF ratio is 34.5× 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 UGI?

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 UGI specifically, the relevant sector benchmark is the current sector median of 45.4×.

Question 5

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

Accepted Answer

UGI's P/FCF ratio of 34.5× is above its own 5-year average of 29.7× and below the sector median of 45.4×. That places the current reading at the 89th 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 UGI's historical P/FCF ratio range?

Accepted Answer

In the available daily series, UGI (UGI) P/FCF ratio has ranged from a low of 3.8× in 2002 to a high of 194.3× in 2022. The 5-year average is 29.7× and the 5-year median is 16.2×.

Question 7

What was UGI's P/FCF ratio in 2025?

Accepted Answer

UGI (UGI) P/FCF ratio at the end of 2025 was 18.3×. 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 UGI'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	$7.15B	$390M	18.3×	+4.5×	Sep 30, 2025
2024	$5.33B	$386M	13.8×	-22.5×	Sep 30, 2024
2023	$4.82B	$133M	36.3×	—	Sep 30, 2023
2022	$6.78B	-$88M	—	—	Sep 30, 2022
2021	$8.93B	$791M	11.3×	-4.1×	Sep 30, 2021
2020	$6.88B	$447M	15.4×	-10.2×	Sep 30, 2020
2019	$9.55B	$374M	25.6×	+6.8×	Sep 30, 2019
2018	$9.59B	$511M	18.8×	-6.2×	Sep 30, 2018
2017	$8.14B	$326M	25.0×	+5.7×	Sep 30, 2017
2016	$7.86B	$406M	19.4×	+10.4×	Sep 30, 2016
2015	$6.03B	$673M	9.0×	-1.8×	Sep 30, 2015
2014	$5.89B	$549M	10.7×	-3.4×	Sep 30, 2014
2013	$4.48B	$316M	14.2×	+4.7×	Sep 30, 2013
2012	$3.51B	$368M	9.5×	-5.6×	Sep 30, 2012
2011	$2.94B	$194M	15.2×	+2.6×	Sep 30, 2011
2010	$3.15B	$252M	12.5×	+5.0×	Sep 30, 2010
2009	$2.73B	$363M	7.5×	-4.5×	Sep 30, 2009
2008	$2.78B	$232M	12.0×	-0.0×	Sep 30, 2008
2007	$2.8B	$233M	12.0×	-17.7×	Sep 30, 2007
2006	$2.58B	$86.9M	29.7×	+19.2×	Sep 30, 2006
2005	$2.94B	$279M	10.5×	-4.3×	Sep 30, 2005
2004	$1.84B	$124M	14.8×	+6.6×	Sep 30, 2004
2003	$1.22B	$148M	8.3×	+1.8×	Sep 30, 2003
2002	$992M	$153M	6.5×	—	Sep 30, 2002


Eversource Energy (ES)	110.1×
Constellation Energy (CEG)	86.9×
NextEra Energy (NEE)	82.1×
American States Water (AWR)	77.8×
Middlesex Water (MSEX)	63.1×
Vistra (VST)	45.4×
FirstEnergy (FE)	16.3×
Duke Energy (DUK)	15.4×
Consolidated Edison (ED)	14.6×
American Electric Power Company (AEP)	9.3×

P/FCF Ratio for UGI (UGI) 2002-2026

P/FCF Ratio daily chart for UGI (UGI)

Historical P/FCF Ratio for UGI (UGI) from 2002 to 2025

About P/FCF Ratio at UGI (UGI)

UGI P/FCF Ratio by Year

UGI P/FCF Ratio 2025: 18.3×

UGI P/FCF Ratio 2024: 13.8×

UGI P/FCF Ratio 2023: 36.3×

UGI P/FCF Ratio 2021: 11.3×

UGI P/FCF Ratio 2020: 15.4×

Sector peers by P/FCF Ratio — chart

Sector peers by P/FCF Ratio — table

Frequently asked questions

UGI (UGI) Key Financials