Question 1

What is Wells Fargo's P/FCF ratio?

Accepted Answer

Wells Fargo (WFC) P/FCF ratio is 239.2× as of July 13, 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 Wells Fargo?

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 Wells Fargo specifically, the relevant sector benchmark is the current sector median of 12.0×.

Question 5

Is Wells Fargo's P/FCF ratio high or low?

Accepted Answer

Wells Fargo's P/FCF ratio of 239.2× is above its own 5-year average of 33.3× and above the sector median of 12.0×. That places the current reading at the 100th 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 Wells Fargo's historical P/FCF ratio range?

Accepted Answer

In the available daily series, Wells Fargo (WFC) P/FCF ratio has ranged from a low of 2.2× in 2004 to a high of 373.7× in 2009. The 5-year average is 33.3× and the 5-year median is 8.8×.

Question 7

What was Wells Fargo's P/FCF ratio in 2024?

Accepted Answer

Wells Fargo (WFC) P/FCF ratio at the end of 2024 was 76.7×. 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 Wells Fargo'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	$296B	-$19B	—	—	Dec 31, 2025
2024	$233B	$3.04B	76.7×	+72.3×	Dec 31, 2024
2023	$178B	$40.4B	4.4×	-1.4×	Dec 31, 2023
2022	$157B	$27B	5.8×	—	Dec 31, 2022
2021	$188B	-$11.5B	—	—	Dec 31, 2021
2020	$125B	$2.05B	60.9×	+27.3×	Dec 31, 2020
2019	$226B	$6.73B	33.6×	+27.6×	Dec 31, 2019
2018	$215B	$36.1B	6.0×	-10.3×	Dec 31, 2018
2017	$302B	$18.6B	16.2×	-304.3×	Dec 31, 2017
2016	$277B	$864M	320.6×	+301.8×	Dec 31, 2016
2015	$278B	$14.8B	18.8×	+2.6×	Dec 31, 2015
2014	$285B	$17.5B	16.2×	+12.1×	Dec 31, 2014
2013	$239B	$57.6B	4.2×	+1.1×	Dec 31, 2013
2012	$180B	$58.5B	3.1×	-7.6×	Dec 31, 2012
2011	$145B	$13.7B	10.6×	+2.0×	Dec 31, 2011
2010	$163B	$18.8B	8.7×	+4.2×	Dec 31, 2010
2009	$129B	$28.6B	4.5×	—	Dec 31, 2009
2008	$106B	-$4.78B	—	—	Dec 31, 2008
2007	$99.7B	$9.08B	11.0×	+7.5×	Dec 31, 2007
2006	$120B	$34.8B	3.4×	—	Dec 31, 2006
2005	$106B	-$9.33B	—	—	Dec 31, 2005
2004	$105B	$20.1B	5.2×	+1.9×	Dec 31, 2004
2003	$100B	$29.9B	3.4×	—	Dec 31, 2003
2002	$78.8B	-$14B	—	—	Dec 31, 2002


UMB Financial (UMBF)	8.8×
Federal Agricultural Mortgage (AGM)	8.6×
T. Rowe Price (TROW)	8.6×
First Financial (THFF)	8.3×
Old Republic International (ORI)	8.0×
1st Source (SRCE)	8.0×
Auburn National Bancorporation (AUBN)	7.7×
Eagle Financial Services (EFSI)	7.5×
PayPal (PYPL)	7.5×
Assurant (AIZ)	7.5×
Cincinnati Financial (CINF)	7.1×
Alerus Financial (ALRS)	7.0×
American Financial Group (AFG)	6.8×
Hartford Insurance Group (HIG)	6.5×
Travelers Companies (TRV)	6.3×
Invesco (IVZ)	6.1×
Arch Capital Group (ACGL)	5.9×
Principal Financial Group (PFG)	5.5×
Allstate (ALL)	4.7×
Everest Group (EG)	4.6×
Capital One Financial (COF)	3.9×
Prudential Financial (PRU)	3.5×
Mercury General (MCY)	3.4×
MetLife (MET)	2.8×
StoneX Group (SNEX)	0.8×

P/FCF Ratio for Wells Fargo (WFC) 2003-2026

P/FCF Ratio daily chart for Wells Fargo (WFC)

Historical P/FCF Ratio for Wells Fargo (WFC) from 2002 to 2025

About P/FCF Ratio at Wells Fargo (WFC)

Wells Fargo P/FCF Ratio by Year

Wells Fargo P/FCF Ratio 2024: 76.7×

Wells Fargo P/FCF Ratio 2023: 4.4×

Wells Fargo P/FCF Ratio 2022: 5.8×

Wells Fargo P/FCF Ratio 2020: 60.9×

Wells Fargo P/FCF Ratio 2019: 33.6×

Sector peers by P/FCF Ratio — chart

Sector peers by P/FCF Ratio — table

Frequently asked questions

Wells Fargo (WFC) Key Financials