Question 1

What is Wells Fargo's P/FCF ratio?

Accepted Answer

Wells Fargo (WFC) P/FCF ratio is 223.6× 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 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 11.1×.

Question 5

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

Accepted Answer

Wells Fargo's P/FCF ratio of 223.6× is above its own 5-year average of 33.3× and above the sector median of 11.1×. 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	$296.29B	−$19.00B	—	—	Dec 31, 2025
2024	$232.69B	$3.04B	76.7×	+72.3×	Dec 31, 2024
2023	$178.22B	$40.36B	4.4×	-1.4×	Dec 31, 2023
2022	$156.90B	$27.05B	5.8×	—	Dec 31, 2022
2021	$188.45B	−$11.53B	—	—	Dec 31, 2021
2020	$124.87B	$2.05B	60.9×	+27.3×	Dec 31, 2020
2019	$225.80B	$6.73B	33.6×	+27.6×	Dec 31, 2019
2018	$215.00B	$36.07B	6.0×	-10.3×	Dec 31, 2018
2017	$301.78B	$18.59B	16.2×	-304.3×	Dec 31, 2017
2016	$276.96B	$864.00M	320.6×	+301.8×	Dec 31, 2016
2015	$277.70B	$14.77B	18.8×	+2.6×	Dec 31, 2015
2014	$284.65B	$17.53B	16.2×	+12.1×	Dec 31, 2014
2013	$239.27B	$57.64B	4.2×	+1.1×	Dec 31, 2013
2012	$180.21B	$58.54B	3.1×	-7.6×	Dec 31, 2012
2011	$145.29B	$13.66B	10.6×	+2.0×	Dec 31, 2011
2010	$162.89B	$18.77B	8.7×	+4.2×	Dec 31, 2010
2009	$128.60B	$28.61B	4.5×	—	Dec 31, 2009
2008	$105.61B	−$4.78B	—	—	Dec 31, 2008
2007	$99.70B	$9.08B	11.0×	+7.5×	Dec 31, 2007
2006	$120.05B	$34.84B	3.4×	—	Dec 31, 2006
2005	$105.52B	−$9.33B	—	—	Dec 31, 2005
2004	$105.35B	$20.09B	5.2×	+1.9×	Dec 31, 2004
2003	$100.09B	$29.86B	3.4×	—	Dec 31, 2003
2002	$78.83B	−$13.98B	—	—	Dec 31, 2002
2001	$74.05B	−$11.23B	—	—	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 Wells Fargo (WFC)

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

Historical P/FCF Ratio for Wells Fargo (WFC) from 2001 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

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

Historical P/FCF Ratio for Wells Fargo (WFC) from 2001 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

+What is Wells Fargo'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 Wells Fargo?

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

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

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

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

Wells Fargo (WFC) Key Financials