Question 1

What is Xcel Energy's P/FCF ratio?

Accepted Answer

Xcel Energy (XEL) 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 Xcel Energy?

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 Xcel Energy specifically, the relevant sector benchmark is the current sector median of 45.4×.

Question 5

What is Xcel Energy's historical P/FCF ratio range?

Accepted Answer

In the available daily series, Xcel Energy (XEL) P/FCF ratio has ranged from a low of 4.7× in 2004 to a high of 1039.0× in 2015.

Question 6

What was Xcel Energy's P/FCF ratio in 2011?

Accepted Answer

Xcel Energy (XEL) P/FCF ratio at the end of 2011 was 67.2×. 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 Xcel Energy'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 Xcel Energy'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	$43.9B	$0.00	—	—	Dec 31, 2025
2024	$38.8B	-$2.72B	—	—	Dec 31, 2024
2023	$34.3B	-$527M	—	—	Dec 31, 2023
2022	$38.5B	-$706M	—	—	Dec 31, 2022
2021	$36.6B	-$2.06B	—	—	Dec 31, 2021
2020	$35.3B	-$2.52B	—	—	Dec 31, 2020
2019	$33.3B	-$962M	—	—	Dec 31, 2019
2018	$25.4B	-$835M	—	—	Dec 31, 2018
2017	$24.5B	-$193M	—	—	Dec 31, 2017
2016	$20.7B	-$203M	—	—	Dec 31, 2016
2015	$18.3B	-$658M	—	—	Dec 31, 2015
2014	$18.2B	-$552M	—	—	Dec 31, 2014
2013	$13.9B	-$811M	—	—	Dec 31, 2013
2012	$13B	-$565M	—	—	Dec 31, 2012
2011	$13.4B	$200M	67.2×	—	Dec 31, 2011
2010	$11.4B	-$1.06B	—	—	Dec 31, 2010
2009	$9.74B	$132M	74.0×	—	Dec 31, 2009
2008	$8.44B	-$434M	—	—	Dec 31, 2008
2007	$9.7B	-$544M	—	—	Dec 31, 2007
2006	$9.41B	$309M	30.4×	—	Dec 31, 2006
2005	$7.46B	-$148M	—	—	Dec 31, 2005
2004	$7.3B	-$473M	—	—	Dec 31, 2004
2003	$6.77B	$1.38B	4.9×	—	Dec 31, 2003
2002	$4.37B	-$638M	—	—	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 Xcel Energy (XEL) 2003-2026

P/FCF Ratio daily chart for Xcel Energy (XEL)

Historical P/FCF Ratio for Xcel Energy (XEL) from 2002 to 2025

About P/FCF Ratio at Xcel Energy (XEL)

Xcel Energy P/FCF Ratio by Year

Xcel Energy P/FCF Ratio 2011: 67.2×

Xcel Energy P/FCF Ratio 2009: 74.0×

Xcel Energy P/FCF Ratio 2006: 30.4×

Xcel Energy P/FCF Ratio 2003: 4.9×

Sector peers by P/FCF Ratio — chart

Sector peers by P/FCF Ratio — table

Frequently asked questions

Xcel Energy (XEL) Key Financials