Question 1

What is Western Digital's P/FCF ratio?

Accepted Answer

Western Digital (WDC) P/FCF ratio is 66.2× 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 Western Digital?

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 Western Digital specifically, the relevant sector benchmark is the current sector median of 21.6×.

Question 5

Is Western Digital's P/FCF ratio high or low?

Accepted Answer

Western Digital's P/FCF ratio of 66.2× is above its own 5-year average of 21.9× and above the sector median of 21.6×. That places the current reading at the 91th 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 Western Digital's historical P/FCF ratio range?

Accepted Answer

In the available daily series, Western Digital (WDC) P/FCF ratio has ranged from a low of 0.0× in 2012 to a high of 110.5× in 2021. The 5-year average is 21.9× and the 5-year median is 17.8×.

Question 7

What was Western Digital's P/FCF ratio in 2025?

Accepted Answer

Western Digital (WDC) P/FCF ratio at the end of 2025 was 17.2×. 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 Western Digital'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	$22.02B	$1.28B	17.2×	—	Jun 27, 2025
2024	$19.06B	−$781.00M	—	—	Jun 28, 2024
2023	$9.20B	−$1.22B	—	—	Jun 30, 2023
2022	$10.64B	$773.00M	13.8×	-4.7×	Jun 30, 2022
2021	$16.51B	$895.00M	18.4×	-38.1×	Jun 30, 2021
2020	$10.01B	$177.00M	56.5×	+42.6×	Jun 30, 2020
2019	$11.03B	$790.00M	14.0×	+8.8×	Jun 30, 2019
2018	$17.49B	$3.40B	5.1×	-1.6×	Jun 30, 2018
2017	$19.55B	$2.88B	6.8×	+0.1×	Jun 30, 2017
2016	$9.32B	$1.40B	6.7×	-1.7×	Jun 30, 2016
2015	$13.69B	$1.63B	8.4×	+0.9×	Jun 30, 2015
2014	$16.32B	$2.19B	7.5×	+2.3×	Jun 30, 2014
2013	$11.25B	$2.17B	5.2×	+5.2×	Jun 30, 2013
2012	$0.00	$2.35B	0.0×	0.0×	Jun 30, 2012
2011	$0.00	$877.00M	0.0×	0.0×	Jun 30, 2011
2010	$0.00	$1.21B	0.0×	0.0×	Jun 30, 2010
2009	$0.00	$786.00M	0.0×	0.0×	Jun 30, 2009
2008	$0.00	$784.00M	0.0×	0.0×	Jun 30, 2008
2007	$0.00	$294.00M	0.0×	0.0×	Jun 30, 2007
2006	$0.00	$99.60M	0.0×	0.0×	Jun 30, 2006
2005	$0.00	$227.30M	0.0×	0.0×	Jun 30, 2005
2004	$0.00	$58.30M	0.0×	0.0×	Jun 30, 2004
2003	$0.00	$218.90M	0.0×	0.0×	Jun 30, 2003
2002	$0.00	$35.01M	0.0×	—	Jun 30, 2002


Intuit (INTU)	13.9×
Okta (OKTA)	13.8×
EPAM Systems (EPAM)	13.4×
Zebra Technologies (ZBRA)	12.2×
Skyworks Solutions (SWKS)	11.9×
Cognizant (CTSH)	11.8×
NetApp (NTAP)	11.5×
Duolingo (DUOL)	11.1×
Block (XYZ)	11.0×
QUALCOMM (QCOM)	10.8×
Workday (WDAY)	10.5×
Salesforce (CRM)	10.5×
Qorvo (QRVO)	10.4×
Adobe (ADBE)	10.4×
Accenture (ACN)	10.3×
Fidelity National Information Services (FIS)	8.7×
DocuSign (DOCU)	8.0×
Gen Digital (GEN)	7.5×
Fiserv (FISV)	7.2×
Hewlett Packard Enterprise (HPE)	6.8×
GoDaddy (GDDY)	6.7×
Science Applications International (SAIC)	6.7×
Strategy (MSTR)	5.5×
HP (HPQ)	5.1×
Lyft (LYFT)	4.5×

P/FCF Ratio for Western Digital (WDC)

P/FCF Ratio daily chart for Western Digital (WDC)

Historical P/FCF Ratio for Western Digital (WDC) from 2002 to 2025

About P/FCF Ratio at Western Digital (WDC)

Western Digital P/FCF Ratio by Year

Western Digital P/FCF Ratio 2025: 17.2×

Western Digital P/FCF Ratio 2022: 13.8×

Western Digital P/FCF Ratio 2021: 18.4×

Western Digital P/FCF Ratio 2020: 56.5×

Western Digital P/FCF Ratio 2019: 14.0×

Sector peers by P/FCF Ratio — chart

Sector peers by P/FCF Ratio — table

Frequently asked questions

Western Digital (WDC) Key Financials

P/FCF Ratio daily chart for Western Digital (WDC)

Historical P/FCF Ratio for Western Digital (WDC) from 2002 to 2025

About P/FCF Ratio at Western Digital (WDC)

Western Digital P/FCF Ratio by Year

Western Digital P/FCF Ratio 2025: 17.2×

Western Digital P/FCF Ratio 2022: 13.8×

Western Digital P/FCF Ratio 2021: 18.4×

Western Digital P/FCF Ratio 2020: 56.5×

Western Digital P/FCF Ratio 2019: 14.0×

Sector peers by P/FCF Ratio — chart

Sector peers by P/FCF Ratio — table

Frequently asked questions

+What is Western Digital'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 Western Digital?

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

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

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

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

Western Digital (WDC) Key Financials