Question 1

What is Williams Companies's P/FCF ratio?

Accepted Answer

Williams Companies (WMB) P/FCF ratio is 126.2× 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 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 22.1×.

Question 5

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

Accepted Answer

Williams Companies's P/FCF ratio of 126.2× is above its own 5-year average of 27.8× and above the sector median of 22.1×. 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 27.8× 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	$73.5B	$899M	81.7×	+53.0×	Dec 31, 2025
2024	$66B	$2.3B	28.7×	+16.2×	Dec 31, 2024
2023	$42.4B	$3.37B	12.6×	-2.8×	Dec 31, 2023
2022	$40.1B	$2.61B	15.4×	+3.6×	Dec 31, 2022
2021	$31.6B	$2.7B	11.7×	+0.8×	Dec 31, 2021
2020	$24.4B	$2.22B	11.0×	-7.7×	Dec 31, 2020
2019	$28.8B	$1.54B	18.6×	-871.1×	Dec 31, 2019
2018	$26.7B	$30M	889.8×	+672.7×	Dec 31, 2018
2017	$25.2B	$116M	217.1×	+202.6×	Dec 31, 2017
2016	$23.4B	$1.61B	14.5×	—	Dec 31, 2016
2015	$19.2B	-$489M	—	—	Dec 31, 2015
2014	$33.6B	-$1.92B	—	—	Dec 31, 2014
2013	$26.3B	-$1.36B	—	—	Dec 31, 2013
2012	$22.2B	-$694M	—	—	Dec 31, 2012
2011	$15.6B	$643M	24.2×	—	Dec 31, 2011
2010	$11.5B	-$137M	—	—	Dec 31, 2010
2009	$9.76B	$185M	52.8×	—	Dec 31, 2009
2008	$6.65B	-$120M	—	—	Dec 31, 2008
2007	$16.6B	-$579M	—	—	Dec 31, 2007
2006	$12.4B	-$620M	—	—	Dec 31, 2006
2005	$10.9B	$151M	72.0×	+61.6×	Dec 31, 2005
2004	$7.29B	$701M	10.4×	—	Dec 31, 2004
2003	$4.05B	-$187M	—	—	Dec 31, 2003
2002	$1.11B	-$2.69B	—	—	Dec 31, 2002


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APA (APA)	10.1×
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P/FCF Ratio for Williams Companies (WMB) 2004-2026

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

Historical P/FCF Ratio for Williams Companies (WMB) from 2002 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: 28.7×

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