Question 1

What is U.S. Bancorp's P/FCF ratio?

Accepted Answer

U.S. Bancorp (USB) P/FCF ratio is 9.0× 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 U.S. Bancorp?

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 U.S. Bancorp specifically, the relevant sector benchmark is the current sector median of 11.1×.

Question 5

Is U.S. Bancorp's P/FCF ratio high or low?

Accepted Answer

U.S. Bancorp's P/FCF ratio of 9.0× is above its own 5-year average of 6.9× and below the sector median of 11.1×. That places the current reading at the 70th 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 U.S. Bancorp's historical P/FCF ratio range?

Accepted Answer

In the available daily series, U.S. Bancorp (USB) P/FCF ratio has ranged from a low of 2.1× in 2023 to a high of 39.4× in 2021. The 5-year average is 6.9× and the 5-year median is 7.1×.

Question 7

What was U.S. Bancorp's P/FCF ratio in 2025?

Accepted Answer

U.S. Bancorp (USB) P/FCF ratio at the end of 2025 was 10.4×. 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 U.S. Bancorp'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	$82.97B	$7.97B	10.4×	+3.8×	Dec 31, 2025
2024	$74.61B	$11.27B	6.6×	-1.4×	Dec 31, 2024
2023	$67.39B	$8.45B	8.0×	+4.9×	Dec 31, 2023
2022	$65.46B	$21.12B	3.1×	-5.3×	Dec 31, 2022
2021	$83.30B	$9.87B	8.4×	-10.5×	Dec 31, 2021
2020	$70.21B	$3.72B	18.9×	+0.0×	Dec 31, 2020
2019	$92.26B	$4.89B	18.9×	+11.9×	Dec 31, 2019
2018	$73.81B	$10.56B	7.0×	-6.7×	Dec 31, 2018
2017	$88.89B	$6.47B	13.7×	-2.6×	Dec 31, 2017
2016	$87.33B	$5.34B	16.4×	+7.9×	Dec 31, 2016
2015	$74.54B	$8.78B	8.5×	-6.6×	Dec 31, 2015
2014	$80.33B	$5.33B	15.1×	+8.6×	Dec 31, 2014
2013	$73.57B	$11.45B	6.4×	-1.1×	Dec 31, 2013
2012	$59.80B	$7.96B	7.5×	+2.3×	Dec 31, 2012
2011	$51.50B	$9.82B	5.2×	-4.6×	Dec 31, 2011
2010	$51.62B	$5.24B	9.8×	+4.2×	Dec 31, 2010
2009	$42.95B	$7.60B	5.7×	-2.5×	Dec 31, 2009
2008	$43.87B	$5.38B	8.2×	-13.0×	Dec 31, 2008
2007	$54.94B	$2.60B	21.1×	+9.9×	Dec 31, 2007
2006	$63.40B	$5.63B	11.3×	-4.5×	Dec 31, 2006
2005	$53.83B	$3.41B	15.8×	+4.3×	Dec 31, 2005
2004	$58.00B	$5.03B	11.5×	+4.5×	Dec 31, 2004
2003	$56.24B	$8.01B	7.0×	-5.6×	Dec 31, 2003
2002	$40.15B	$3.17B	12.7×	-8.4×	Dec 31, 2002
2001	$39.62B	$1.88B	21.0×	—	Dec 31, 2001


Assurant (AIZ)	7.5×
Progressive (PGR)	7.1×
Cincinnati Financial (CINF)	7.1×
Alerus Financial (ALRS)	7.0×
Interactive Brokers (IBKR)	6.9×
Invesco (IVZ)	6.9×
American Financial Group (AFG)	6.8×
The Hartford (HIG)	6.5×
Commerce Bancshares (CBSH)	6.4×
Bank of America (BAC)	6.3×
Arch Capital Group (ACGL)	5.9×
JPMorgan Chase (JPM)	5.8×
Travelers Companies (TRV)	5.5×
Principal Financial Group (PFG)	5.5×
Everest Re Group (RE)	5.0×
Allstate (ALL)	4.7×
Everest Re Group (EG)	4.6×
Capital One Financial (COF)	3.9×
Prudential Financial (PRU)	3.5×
Mercury General (MCY)	3.4×
RenaissanceRe Holdings (RNR)	3.0×
MetLife (MET)	2.8×
Synchrony Financial (SYF)	2.4×
Atlantic Union Bankshares (AUB)	2.2×
StoneX Group (SNEX)	0.8×

P/FCF Ratio for U.S. Bancorp (USB)

P/FCF Ratio daily chart for U.S. Bancorp (USB)

Historical P/FCF Ratio for U.S. Bancorp (USB) from 2001 to 2025

About P/FCF Ratio at U.S. Bancorp (USB)

U.S. Bancorp P/FCF Ratio by Year

U.S. Bancorp P/FCF Ratio 2025: 10.4×

U.S. Bancorp P/FCF Ratio 2024: 6.6×

U.S. Bancorp P/FCF Ratio 2023: 8.0×

U.S. Bancorp P/FCF Ratio 2022: 3.1×

U.S. Bancorp P/FCF Ratio 2021: 8.4×

Sector peers by P/FCF Ratio — chart

Sector peers by P/FCF Ratio — table

Frequently asked questions

U.S. Bancorp (USB) Key Financials

P/FCF Ratio daily chart for U.S. Bancorp (USB)

Historical P/FCF Ratio for U.S. Bancorp (USB) from 2001 to 2025

About P/FCF Ratio at U.S. Bancorp (USB)

U.S. Bancorp P/FCF Ratio by Year

U.S. Bancorp P/FCF Ratio 2025: 10.4×

U.S. Bancorp P/FCF Ratio 2024: 6.6×

U.S. Bancorp P/FCF Ratio 2023: 8.0×

U.S. Bancorp P/FCF Ratio 2022: 3.1×

U.S. Bancorp P/FCF Ratio 2021: 8.4×

Sector peers by P/FCF Ratio — chart

Sector peers by P/FCF Ratio — table

Frequently asked questions

+What is U.S. Bancorp'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 U.S. Bancorp?

+Is U.S. Bancorp's P/FCF ratio high or low?

+What is U.S. Bancorp's historical P/FCF ratio range?

+What was U.S. Bancorp's P/FCF ratio in 2025?

+Why does U.S. Bancorp's P/FCF ratio change over time?

U.S. Bancorp (USB) Key Financials