Question 1

What is Verizon's P/FCF ratio?

Accepted Answer

Verizon (VZ) P/FCF ratio is 9.3× 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 Verizon?

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 Verizon specifically, the relevant sector benchmark is the current sector median of 18.1×.

Question 5

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

Accepted Answer

Verizon's P/FCF ratio of 9.3× is below its own 5-year average of 11.7× and below the sector median of 18.1×. That places the current reading at the 28th 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 Verizon's historical P/FCF ratio range?

Accepted Answer

In the available daily series, Verizon (VZ) P/FCF ratio has ranged from a low of 4.2× in 2010 to a high of 98.9× in 2017. The 5-year average is 11.7× and the 5-year median is 9.6×.

Question 7

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

Accepted Answer

Verizon (VZ) P/FCF ratio at the end of 2025 was 8.7×. 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 Verizon'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	$172B	$19.8B	8.7×	-0.2×	Dec 31, 2025
2024	$169B	$18.9B	8.9×	+0.4×	Dec 31, 2024
2023	$159B	$18.7B	8.5×	-7.4×	Dec 31, 2023
2022	$166B	$10.4B	15.9×	—	Dec 31, 2022
2021	$217B	-$28.3B	—	—	Dec 31, 2021
2020	$243B	$21.5B	11.3×	-3.7×	Dec 31, 2020
2019	$254B	$16.9B	15.0×	+0.7×	Dec 31, 2019
2018	$233B	$16.3B	14.3×	-17.8×	Dec 31, 2018
2017	$216B	$6.73B	32.1×	-9.6×	Dec 31, 2017
2016	$218B	$5.22B	41.8×	+32.9×	Dec 31, 2016
2015	$188B	$21.2B	8.9×	-5.9×	Dec 31, 2015
2014	$194B	$13.1B	14.8×	+8.3×	Dec 31, 2014
2013	$141B	$21.6B	6.5×	-4.4×	Dec 31, 2013
2012	$124B	$11.4B	10.9×	+2.5×	Dec 31, 2012
2011	$114B	$13.5B	8.4×	+2.4×	Dec 31, 2011
2010	$101B	$16.8B	6.0×	-0.0×	Dec 31, 2010
2009	$88B	$14.5B	6.1×	-2.7×	Dec 31, 2009
2008	$90B	$10.2B	8.8×	-5.7×	Dec 31, 2008
2007	$119B	$8.2B	14.5×	-0.2×	Dec 31, 2007
2006	$103B	$7.01B	14.7×	+2.6×	Dec 31, 2006
2005	$80.9B	$6.69B	12.1×	+0.0×	Dec 31, 2005
2004	$103B	$8.56B	12.1×	+3.6×	Dec 31, 2004
2003	$89.5B	$10.6B	8.5×	-1.2×	Dec 31, 2003
2002	$98B	$10.1B	9.7×	—	Dec 31, 2002


Telephone and Data Systems (TDS)	85.4×
DoorDash (DASH)	37.3×
Meta (META)	30.0×
Reddit (RDDT)	29.7×
Warner Bros. Discovery (WBD)	29.6×
Live Nation Entertainment (LYV)	28.7×
Netflix (NFLX)	27.2×
Spotify (SPOT)	27.0×
News (NWSA)	24.7×
Paramount Skydance (PSKY)	24.5×
Walt Disney (DIS)	23.0×
Roku (ROKU)	21.4×
T-Mobile US (TMUS)	14.8×
Snap (SNAP)	12.8×
John Wiley & Sons (WLY)	12.2×
Fox (FOXA)	10.5×
Pinterest (PINS)	9.7×
TKO Group Holdings (TKO)	8.9×
Match Group (MTCH)	7.3×
Charter Communications (CHTR)	6.7×
Omnicom Group (OMC)	5.2×
Comcast (CMCSA)	5.1×
Versant Media Group, Inc. Class A (VSNT)	2.7×

P/FCF Ratio for Verizon (VZ) 2002-2026

P/FCF Ratio daily chart for Verizon (VZ)

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

About P/FCF Ratio at Verizon (VZ)

Verizon P/FCF Ratio by Year

Verizon P/FCF Ratio 2025: 8.7×

Verizon P/FCF Ratio 2024: 8.9×

Verizon P/FCF Ratio 2023: 8.5×

Verizon P/FCF Ratio 2022: 15.9×

Verizon P/FCF Ratio 2020: 11.3×

Sector peers by P/FCF Ratio — chart

Sector peers by P/FCF Ratio — table

Frequently asked questions

Verizon (VZ) Key Financials