Question 1

What is Williams Companies's P/FCF ratio?

Accepted Answer

Williams Companies (WMB) P/FCF ratio is 121.9× 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 Williams Companies?

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 Williams Companies specifically, the relevant sector benchmark is the current sector median of 19.3×.

Question 5

Is Williams Companies's P/FCF ratio high or low?

Accepted Answer

Williams Companies's P/FCF ratio of 121.9× is above its own 5-year average of 27.5× and above the sector median of 19.3×. That places the current reading at the 98th 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 Williams Companies's historical P/FCF ratio range?

Accepted Answer

In the available daily series, Williams Companies (WMB) P/FCF ratio has ranged from a low of 10.2× in 2020 to a high of 889.8× in 2018. The 5-year average is 27.5× and the 5-year median is 15.3×.

Question 7

What was Williams Companies's P/FCF ratio in 2025?

Accepted Answer

Williams Companies (WMB) P/FCF ratio at the end of 2025 was 81.7×. 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 Williams Companies'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	$73.45B	$899.00M	81.7×	+53.9×	Dec 31, 2025
2024	$65.98B	$2.37B	27.9×	+15.3×	Dec 31, 2024
2023	$42.39B	$3.37B	12.6×	-2.8×	Dec 31, 2023
2022	$40.07B	$2.61B	15.4×	+3.6×	Dec 31, 2022
2021	$31.65B	$2.70B	11.7×	+0.8×	Dec 31, 2021
2020	$24.35B	$2.22B	11.0×	-7.7×	Dec 31, 2020
2019	$28.76B	$1.54B	18.6×	-871.1×	Dec 31, 2019
2018	$26.69B	$30.00M	889.8×	+672.7×	Dec 31, 2018
2017	$25.18B	$116.00M	217.1×	+202.6×	Dec 31, 2017
2016	$23.36B	$1.61B	14.5×	—	Dec 31, 2016
2015	$19.25B	−$489.00M	—	—	Dec 31, 2015
2014	$33.57B	−$1.92B	—	—	Dec 31, 2014
2013	$26.34B	−$1.35B	—	—	Dec 31, 2013
2012	$22.22B	−$694.00M	—	—	Dec 31, 2012
2011	$15.59B	$643.00M	24.2×	—	Dec 31, 2011
2010	$11.51B	−$137.00M	—	—	Dec 31, 2010
2009	$9.76B	$185.00M	52.8×	—	Dec 31, 2009
2008	$6.65B	−$120.00M	—	—	Dec 31, 2008
2007	$16.62B	−$579.00M	—	—	Dec 31, 2007
2006	$12.39B	−$619.60M	—	—	Dec 31, 2006
2005	$10.87B	$150.90M	72.0×	+61.6×	Dec 31, 2005
2004	$7.29B	$700.50M	10.4×	—	Dec 31, 2004
2003	$4.05B	−$186.70M	—	—	Dec 31, 2003
2002	$1.11B	−$2.69B	—	—	Dec 31, 2002
2001	$10.51B	−$335.80M	—	—	Dec 31, 2001


Phillips 66 (PSX)	615.5×
Targa Resources (TRGP)	205.8×
Enbridge (ENB)	73.7×
Texas Pacific Land (TPL)	66.3×
Exxon Mobil (XOM)	37.8×
Diamondback Energy (FANG)	35.1×
Enphase Energy (ENPH)	34.2×
Chevron (CVX)	30.6×
National Fuel Gas (NFG)	29.1×
Baker Hughes (BKR)	26.4×
ONEOK (OKE)	25.4×
Halliburton (HAL)	19.4×
Kinder Morgan (KMI)	19.2×
EOG Resources (EOG)	18.2×
Energy Transfer LP (ET)	18.2×
Occidental Petroleum (OXY)	17.8×
SLB (SLB)	16.5×
First Solar (FSLR)	12.7×
Marathon Petroleum (MPC)	12.6×
Valero Energy (VLO)	12.4×
Devon Energy (DVN)	11.6×
APA (APA)	10.1×
EQT (EQT)	9.8×
Expand Energy (EXE)	9.2×
ConocoPhillips (COP)	8.8×

P/FCF Ratio for Williams Companies (WMB)

P/FCF Ratio daily chart for Williams Companies (WMB)

Historical P/FCF Ratio for Williams Companies (WMB) from 2001 to 2025

About P/FCF Ratio at Williams Companies (WMB)

Williams Companies P/FCF Ratio by Year

Williams Companies P/FCF Ratio 2025: 81.7×

Williams Companies P/FCF Ratio 2024: 27.9×

Williams Companies P/FCF Ratio 2023: 12.6×

Williams Companies P/FCF Ratio 2022: 15.4×

Williams Companies P/FCF Ratio 2021: 11.7×

Sector peers by P/FCF Ratio — chart

Sector peers by P/FCF Ratio — table

Frequently asked questions

Williams Companies (WMB) Key Financials

P/FCF Ratio daily chart for Williams Companies (WMB)

Historical P/FCF Ratio for Williams Companies (WMB) from 2001 to 2025

About P/FCF Ratio at Williams Companies (WMB)

Williams Companies P/FCF Ratio by Year

Williams Companies P/FCF Ratio 2025: 81.7×

Williams Companies P/FCF Ratio 2024: 27.9×

Williams Companies P/FCF Ratio 2023: 12.6×

Williams Companies P/FCF Ratio 2022: 15.4×

Williams Companies P/FCF Ratio 2021: 11.7×

Sector peers by P/FCF Ratio — chart

Sector peers by P/FCF Ratio — table

Frequently asked questions

+What is Williams Companies'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 Williams Companies?

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

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

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

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

Williams Companies (WMB) Key Financials