Question 1

What is Vistra's P/FCF ratio?

Accepted Answer

Vistra (VST) P/FCF ratio is 52.4× 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 Vistra?

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 Vistra specifically, the relevant sector benchmark is the current sector median of 32.9×.

Question 5

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

Accepted Answer

Vistra's P/FCF ratio of 52.4× is above its own 5-year average of 24.9× and above the sector median of 32.9×. That places the current reading at the 87th 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 Vistra's historical P/FCF ratio range?

Accepted Answer

In the available daily series, Vistra (VST) P/FCF ratio has ranged from a low of 3.6× in 2023 to a high of 213.8× in 2014. The 5-year average is 24.9× and the 5-year median is 16.2×.

Question 7

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

Accepted Answer

Vistra (VST) P/FCF ratio at the end of 2025 was 85.7×. 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 Vistra'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	$54.82B	$640.00M	85.7×	+65.8×	Dec 31, 2025
2024	$46.84B	$2.35B	19.9×	+16.3×	Dec 31, 2024
2023	$13.54B	$3.78B	3.6×	—	Dec 31, 2023
2022	$9.08B	−$816.00M	—	—	Dec 31, 2022
2021	$10.68B	−$1.24B	—	—	Dec 31, 2021
2020	$9.62B	$2.08B	4.6×	-0.6×	Dec 31, 2020
2019	$11.21B	$2.13B	5.3×	-6.5×	Dec 31, 2019
2018	$11.49B	$975.00M	11.8×	+2.6×	Dec 31, 2018
2017	$7.85B	$855.00M	9.2×	—	Dec 31, 2017
2016	$6.63B	−$607.00M	—	—	Dec 31, 2016
2015	$6.63B	−$223.00M	—	—	Dec 31, 2015
2014	$6.63B	$31.00M	213.8×	—	Dec 31, 2014
2013	$6.63B	−$858.00M	—	—	Dec 31, 2013


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×
UGI (UGI)	32.9×
GE Vernova (GEV)	31.2×
FirstEnergy (FE)	16.3×
Duke Energy (DUK)	15.4×
Consolidated Edison (ED)	14.6×
American Electric Power Company (AEP)	11.5×
Avista (AVA)	7.9×

P/FCF Ratio for Vistra (VST)

P/FCF Ratio daily chart for Vistra (VST)

Historical P/FCF Ratio for Vistra (VST) from 2013 to 2025

About P/FCF Ratio at Vistra (VST)

Vistra P/FCF Ratio by Year

Vistra P/FCF Ratio 2025: 85.7×

Vistra P/FCF Ratio 2024: 19.9×

Vistra P/FCF Ratio 2023: 3.6×

Vistra P/FCF Ratio 2020: 4.6×

Vistra P/FCF Ratio 2019: 5.3×

Sector peers by P/FCF Ratio — chart

Sector peers by P/FCF Ratio — table

Frequently asked questions

Vistra (VST) Key Financials

P/FCF Ratio daily chart for Vistra (VST)

Historical P/FCF Ratio for Vistra (VST) from 2013 to 2025

About P/FCF Ratio at Vistra (VST)

Vistra P/FCF Ratio by Year

Vistra P/FCF Ratio 2025: 85.7×

Vistra P/FCF Ratio 2024: 19.9×

Vistra P/FCF Ratio 2023: 3.6×

Vistra P/FCF Ratio 2020: 4.6×

Vistra P/FCF Ratio 2019: 5.3×

Sector peers by P/FCF Ratio — chart

Sector peers by P/FCF Ratio — table

Frequently asked questions

+What is Vistra'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 Vistra?

+Is Vistra's P/FCF ratio high or low?

+What is Vistra's historical P/FCF ratio range?

+What was Vistra's P/FCF ratio in 2025?

+Why does Vistra's P/FCF ratio change over time?

Vistra (VST) Key Financials