Question 1

What is Essential Utilities's P/FCF ratio?

Accepted Answer

Essential Utilities (WTRG) P/FCF ratio is currently not available. When trailing twelve-month free cash flow is negative — common during heavy capex cycles or operating losses — P/FCF is reported as N/A and analysts switch to P/S or EV/EBITDA.

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 Essential Utilities?

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 Essential Utilities specifically, the relevant sector benchmark is the current sector median of 45.4×.

Question 5

What is Essential Utilities's historical P/FCF ratio range?

Accepted Answer

In the available daily series, Essential Utilities (WTRG) P/FCF ratio has ranged from a low of 24.7× in 2013 to a high of 861.4× in 2015.

Question 6

What was Essential Utilities's P/FCF ratio in 2016?

Accepted Answer

Essential Utilities (WTRG) P/FCF ratio at the end of 2016 was 416.5×. 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 7

Why does Essential Utilities'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.

Question 8

Why is Essential Utilities's P/FCF ratio not available?

Accepted Answer

When trailing twelve-month free cash flow is negative — common during heavy capex cycles or operating losses — P/FCF is reported as N/A and analysts switch to P/S or EV/EBITDA.


2025	$10.9B	-$456M	—	—	Dec 31, 2025
2024	$9.98B	-$559M	—	—	Dec 31, 2024
2023	$10.2B	-$266M	—	—	Dec 31, 2023
2022	$12.5B	-$462M	—	—	Dec 31, 2022
2021	$14.1B	-$376M	—	—	Dec 31, 2021
2020	$12B	-$328M	—	—	Dec 31, 2020
2019	$10.9B	-$212M	—	—	Dec 31, 2019
2018	$6.09B	-$127M	—	—	Dec 31, 2018
2017	$6.97B	-$96.8M	—	—	Dec 31, 2017
2016	$5.33B	$12.8M	416.5×	-444.9×	Dec 31, 2016
2015	$5.26B	$6.11M	861.4×	+727.4×	Dec 31, 2015
2014	$4.72B	$35.2M	134.1×	+64.2×	Dec 31, 2014
2013	$4.17B	$59.6M	69.9×	-104.3×	Dec 31, 2013
2012	$3.56B	$20.4M	174.2×	+89.8×	Dec 31, 2012
2011	$3.06B	$36.3M	84.4×	—	Dec 31, 2011
2010	$3.1B	-$71.4M	—	—	Dec 31, 2010
2009	$2.39B	-$28.4M	—	—	Dec 31, 2009
2008	$2.79B	-$45.9M	—	—	Dec 31, 2008
2007	$2.83B	-$44M	—	—	Dec 31, 2007
2006	$3.01B	-$101M	—	—	Dec 31, 2006
2005	$3.53B	-$37.8M	—	—	Dec 31, 2005
2004	$2.35B	-$22.1M	—	—	Dec 31, 2004
2003	$2.05B	-$19.9M	—	—	Dec 31, 2003
2002	$1.4B	-$14.6M	—	—	Dec 31, 2002


Eversource Energy (ES)	110.1×
Constellation Energy (CEG)	86.9×
NextEra Energy (NEE)	82.1×
American States Water (AWR)	77.8×
Middlesex Water (MSEX)	63.1×
Vistra (VST)	45.4×
UGI (UGI)	32.9×
FirstEnergy (FE)	16.3×
Duke Energy (DUK)	15.4×
Consolidated Edison (ED)	14.6×
American Electric Power Company (AEP)	9.3×

P/FCF Ratio for Essential Utilities (WTRG) 2011-2026

P/FCF Ratio daily chart for Essential Utilities (WTRG)

Historical P/FCF Ratio for Essential Utilities (WTRG) from 2002 to 2025

About P/FCF Ratio at Essential Utilities (WTRG)

Essential Utilities P/FCF Ratio by Year

Essential Utilities P/FCF Ratio 2016: 416.5×

Essential Utilities P/FCF Ratio 2015: 861.4×

Essential Utilities P/FCF Ratio 2014: 134.1×

Essential Utilities P/FCF Ratio 2013: 69.9×

Essential Utilities P/FCF Ratio 2012: 174.2×

Sector peers by P/FCF Ratio — chart

Sector peers by P/FCF Ratio — table

Frequently asked questions

Essential Utilities (WTRG) Key Financials