Question 1

What is Universal Health Services's P/FCF ratio?

Accepted Answer

Universal Health Services (UHS) P/FCF ratio is 10.0× 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 Universal Health Services?

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 Universal Health Services specifically, the relevant sector benchmark is the current sector median of 19.8×.

Question 5

Is Universal Health Services's P/FCF ratio high or low?

Accepted Answer

Universal Health Services's P/FCF ratio of 10.0× is below its own 5-year average of 42.0× and below the sector median of 19.8×. That places the current reading at the 1th 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 Universal Health Services's historical P/FCF ratio range?

Accepted Answer

In the available daily series, Universal Health Services (UHS) P/FCF ratio has ranged from a low of 4.8× in 2020 to a high of 1026.5× in 2013. The 5-year average is 42.0× and the 5-year median is 19.7×.

Question 7

What was Universal Health Services's P/FCF ratio in 2025?

Accepted Answer

Universal Health Services (UHS) P/FCF ratio at the end of 2025 was 16.7×. 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 Universal Health Services'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	$13.86B	$830.57M	16.7×	+6.2×	Dec 31, 2025
2024	$11.77B	$1.12B	10.5×	-9.2×	Dec 31, 2024
2023	$10.34B	$524.74M	19.7×	-18.6×	Dec 31, 2023
2022	$10.03B	$262.02M	38.3×	-326.2×	Dec 31, 2022
2021	$10.22B	$28.04M	364.5×	+357.3×	Dec 31, 2021
2020	$11.65B	$1.63B	7.2×	-9.0×	Dec 31, 2020
2019	$12.51B	$774.95M	16.1×	-4.2×	Dec 31, 2019
2018	$10.75B	$529.22M	20.3×	+1.6×	Dec 31, 2018
2017	$10.71B	$573.15M	18.7×	-58.7×	Dec 31, 2017
2016	$10.32B	$133.26M	77.4×	-31.5×	Dec 31, 2016
2015	$11.76B	$107.92M	109.0×	+57.4×	Dec 31, 2015
2014	$10.99B	$213.34M	51.5×	+35.9×	Dec 31, 2014
2013	$8.01B	$513.11M	15.6×	—	Dec 31, 2013
2012	$4.72B	−$75.77M	—	—	Dec 31, 2012
2011	$3.75B	$394.32M	9.5×	-7.8×	Dec 31, 2011
2010	$4.23B	$244.10M	17.3×	-1.9×	Dec 31, 2010
2009	$2.94B	$153.56M	19.2×	+2.1×	Dec 31, 2009
2008	$1.85B	$108.56M	17.0×	-285.3×	Dec 31, 2008
2007	$2.62B	$8.68M	302.3×	—	Dec 31, 2007
2006	$2.96B	−$171.90M	—	—	Dec 31, 2006
2005	$2.51B	$184.01M	13.7×	-2.1×	Dec 31, 2005
2004	$2.56B	$162.12M	15.8×	-4.5×	Dec 31, 2004
2003	$3.09B	$152.41M	20.3×	+0.1×	Dec 31, 2003
2002	$2.63B	$130.33M	20.2×	+4.1×	Dec 31, 2002
2001	$2.56B	$159.25M	16.1×	—	Dec 31, 2001


AbbVie (ABBV)	18.5×
Align Technology (ALGN)	17.8×
McKesson (MCK)	17.8×
Gilead Sciences (GILD)	16.9×
DexCom (DXCM)	16.9×
Pfizer (PFE)	16.7×
Humana (HUM)	16.4×
Quest Diagnostics (DGX)	16.3×
Labcorp Holdings (LH)	15.9×
Becton, Dickinson and (BDX)	14.0×
HCA Healthcare (HCA)	13.5×
Incyte (INCY)	12.9×
UnitedHealth Group (UNH)	12.5×
CVS Health (CVS)	12.4×
Baxter International (BAX)	12.1×
Cardinal Health (CAH)	11.3×
IQVIA (IQV)	10.7×
Bristol-Myers Squibb (BMY)	10.4×
Biogen (BIIB)	10.3×
Elevance Health (ELV)	10.0×
Zimmer Biomet Holdings (ZBH)	9.6×
Cigna (CI)	9.1×
Viatris (VTRS)	9.1×
DaVita (DVA)	6.9×
Centene (CNC)	2.5×

P/FCF Ratio for Universal Health Services (UHS)

P/FCF Ratio daily chart for Universal Health Services (UHS)

Historical P/FCF Ratio for Universal Health Services (UHS) from 2001 to 2025

About P/FCF Ratio at Universal Health Services (UHS)

Universal Health Services P/FCF Ratio by Year

Universal Health Services P/FCF Ratio 2025: 16.7×

Universal Health Services P/FCF Ratio 2024: 10.5×

Universal Health Services P/FCF Ratio 2023: 19.7×

Universal Health Services P/FCF Ratio 2022: 38.3×

Universal Health Services P/FCF Ratio 2021: 364.5×

Sector peers by P/FCF Ratio — chart

Sector peers by P/FCF Ratio — table

Frequently asked questions

Universal Health Services (UHS) Key Financials

P/FCF Ratio daily chart for Universal Health Services (UHS)

Historical P/FCF Ratio for Universal Health Services (UHS) from 2001 to 2025

About P/FCF Ratio at Universal Health Services (UHS)

Universal Health Services P/FCF Ratio by Year

Universal Health Services P/FCF Ratio 2025: 16.7×

Universal Health Services P/FCF Ratio 2024: 10.5×

Universal Health Services P/FCF Ratio 2023: 19.7×

Universal Health Services P/FCF Ratio 2022: 38.3×

Universal Health Services P/FCF Ratio 2021: 364.5×

Sector peers by P/FCF Ratio — chart

Sector peers by P/FCF Ratio — table

Frequently asked questions

+What is Universal Health Services'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 Universal Health Services?

+Is Universal Health Services's P/FCF ratio high or low?

+What is Universal Health Services's historical P/FCF ratio range?

+What was Universal Health Services's P/FCF ratio in 2025?

+Why does Universal Health Services's P/FCF ratio change over time?

Universal Health Services (UHS) Key Financials