Basis: Current FMP quote-based enterprise value / four-quarter operating cash flow less absolute capital expenditures. Source: stored company filings and market data; unavailable inputs remain N/A.
Is the EV/FCF ratio high or low?
The EV/FCF ratio of 34.90x is in line with its estimated 5-year average of 32.03x, around the middle of its estimated 5-year range (25.74x–42.53x).
As of 2026-09-26T00:15:37.017Z. 5.18% above its estimated 12-month average of 33.18x.
Calculation as of: 2026-09-26T00:15:37.017Z.
Quote observation: 2026-09-25T20:00:02.000Z. Amounts in USD. The price header may show a later quote.
FMP input reference: e316f035e877bbfd0556060f15edbb2931ce1a34513771d2ea2d6c5aca43d08a
Historical values estimate market capitalization from statement-period weighted shares. Comparisons with the current quote-based value are approximate. Only filing versions delivered by FMP are available for the historical calculation. Historical series through 2026-09-11.
Historical values estimate market capitalization from statement-period weighted shares. Comparisons with the current quote-based value are approximate. Only filing versions delivered by FMP are available for the historical calculation.
EV/FCF RATIO
34.90x
EV/FCF RATIO AVG TTM
33.18x
EV/FCF RATIO AVG 3Y
33.14x
EV/FCF RATIO AVG 5Y
32.03x
EV/FCF RATIO AVG 10Y
35.20x
EV/FCF RATIO AVG 15Y
32.34x
EV/FCF RATIO AVG 20Y
29.90x
CURRENT VS TTM AVG
+5.18%
CURRENT VS 3Y AVG
+5.32%
CURRENT VS 5Y AVG
+8.95%
CURRENT VS 10Y AVG
-0.87%
CURRENT VS 15Y AVG
+7.93%
CURRENT VS 20Y AVG
+16.71%
SECTOR MEDIAN · INDUSTRIALS
28.76x
median of 125 covered companies
CURRENT VS SECTOR MEDIAN
+21.35%
vs the sector median at left
Canadian National Railway Company
Market Cap
$73.15B
EV/FCF Ratio
34.90x
TTM Avg
33.18x
3Y Avg
33.14x
5Y Avg
32.03x
Market Cap
$72.53B
EV/FCF Ratio
23.73x
TTM Avg
42.30x
3Y Avg
41.95x
5Y Avg
58.15x
Market Cap
$70.30B
EV/FCF Ratio
97.00x
TTM Avg
28.84x
3Y Avg
258.92x
5Y Avg
149.50x
Market Cap
$76.40B
EV/FCF Ratio
51.14x
TTM Avg
53.74x
3Y Avg
57.96x
5Y Avg
55.68x
Market Cap
$78.92B
EV/FCF Ratio
30.05x
TTM Avg
30.57x
3Y Avg
29.52x
5Y Avg
31.95x
Market Cap
$67.37B
EV/FCF Ratio
22.48x
TTM Avg
19.26x
3Y Avg
17.98x
5Y Avg
17.78x
Market Cap
$79.80B
EV/FCF Ratio
18.93x
TTM Avg
24.78x
3Y Avg
25.23x
5Y Avg
23.11x
| NAME | MARKET CAP | EV/FCF RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Canadian National Railway Company (CNI) | $73.15B | 34.90x | 33.18x | 33.14x | 32.03x |
| Northrop Grumman Corporation (NOC)vs › | $72.53B | 23.73x | 42.30x | 41.95x | 58.15x |
| Cummins Inc. (CMI)vs › | $72.45B | 23.04x | 35.46x | 678.65x | 418.97x |
| Norfolk Southern Corporation (NSC)vs › | $70.30B | 97.00x | 28.84x | 258.92x | 149.50x |
| Canadian Pacific Kansas City Ltd. (CP)vs › | $76.40B | 51.14x | 53.74x | 57.96x | 55.68x |
| FedEx Corporation (FDX)vs › | $67.63B | 19.01x | 23.13x | 25.35x | 26.76x |
| Illinois Tool Works Inc. (ITW)vs › | $78.92B | 30.05x | 30.57x | 29.52x | 31.95x |
| Honeywell International Inc. (HON)vs › | $67.37B | 22.48x | 19.26x | 17.98x | 17.78x |
| United Parcel Service, Inc. (UPS)vs › | $79.80B | 18.93x | 24.78x | 25.23x | 23.11x |
| Cintas Corporation (CTAS)vs › | $80.00B | 43.81x | 44.80x | 47.35x | 43.69x |
EV/FCF
34.9x
P/FCF
28.7x
FCF Yield
3.48%
Formula: EV/FCF = Enterprise Value / Free Cash Flow
EV/FCF vs P/FCF:
EV/FCF = Enterprise Value / Free Cash Flow (TTM)
Enterprise value to free cash flow compares total company value to the cash the business generates after capital expenditures.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
| DATE | EV/FCF RATIO |
|---|---|
| 2026-09-11 | 35.33x |
| 2026-09-10 | 35.07x |
| 2026-09-09 | 35.24x |
| 2026-09-08 | 35.46x |
| 2026-09-04 | 35.60x |
| 2026-09-03 | 35.55x |
| 2026-09-02 | 35.14x |
| 2026-09-01 | 34.90x |
| 2026-08-31 | 35.93x |
| 2026-08-28 | 36.23x |
| 2026-08-27 | 36.34x |
| 2026-08-26 | 36.60x |
| 2026-08-25 | 36.50x |
| 2026-08-24 | 36.56x |
| 2026-08-21 | 37.14x |
| 2026-08-20 | 36.76x |
| 2026-08-19 | 36.62x |
| 2026-08-18 | 36.36x |
| 2026-08-17 | 36.37x |
| 2026-08-14 | 36.43x |
| 2026-08-13 | 36.63x |
| 2026-08-12 | 36.30x |
| 2026-08-11 | 36.30x |
| 2026-08-10 | 36.02x |
| 2026-08-07 | 36.37x |
| 2026-08-06 | 36.32x |
| 2026-08-05 | 36.60x |
| 2026-08-04 | 36.54x |
| 2026-08-03 | 36.18x |
| 2026-07-31 | 36.52x |
| 2026-07-30 | 36.50x |
| 2026-07-29 | 37.14x |
| 2026-07-28 | 37.07x |
| 2026-07-27 | 36.92x |
| 2026-07-24 | 36.66x |
| 2026-07-23 | 36.92x |
| 2026-07-22 | 36.29x |
| 2026-07-21 | 36.10x |
| 2026-07-20 | 36.01x |
| 2026-07-17 | 36.56x |
| 2026-07-16 | 36.37x |
| 2026-07-15 | 35.37x |
| 2026-07-14 | 35.56x |
| 2026-07-13 | 35.68x |
| 2026-07-10 | 35.46x |
| 2026-07-09 | 35.45x |
| 2026-07-08 | 35.06x |
| 2026-07-07 | 35.08x |
| 2026-07-06 | 34.82x |
| 2026-07-02 | 34.79x |
| 2026-07-01 | 34.38x |
| 2026-06-30 | 34.25x |
| 2026-06-29 | 34.51x |
| 2026-06-26 | 34.56x |
| 2026-06-25 | 34.51x |
| 2026-06-24 | 33.46x |
| 2026-06-23 | 33.22x |
| 2026-06-22 | 33.04x |
| 2026-06-18 | 32.87x |
| 2026-06-17 | 33.00x |
| 2026-06-16 | 33.88x |
| 2026-06-15 | 33.85x |
| 2026-06-12 | 34.18x |
| 2026-06-11 | 34.02x |
| 2026-06-10 | 34.23x |
| 2026-06-09 | 34.50x |
| 2026-06-08 | 34.62x |
| 2026-06-05 | 34.52x |
| 2026-06-04 | 34.31x |
| 2026-06-03 | 34.30x |
| 2026-06-02 | 34.72x |
| 2026-06-01 | 34.29x |
| 2026-05-29 | 34.08x |
| 2026-05-28 | 34.14x |
| 2026-05-27 | 34.10x |
| 2026-05-26 | 33.57x |
| 2026-05-22 | 33.07x |
| 2026-05-21 | 33.05x |
| 2026-05-20 | 33.20x |
| 2026-05-19 | 32.82x |
| 2026-05-18 | 32.69x |
| 2026-05-15 | 32.49x |
| 2026-05-14 | 32.64x |
| 2026-05-13 | 32.51x |
| 2026-05-12 | 32.52x |
| 2026-05-11 | 32.21x |
| 2026-05-08 | 32.45x |
| 2026-05-07 | 32.26x |
| 2026-05-06 | 32.58x |
| 2026-05-05 | 32.06x |
| 2026-05-04 | 31.92x |
| 2026-05-01 | 32.53x |
| 2026-04-30 | 32.57x |
| 2026-04-29 | 33.62x |
| 2026-04-28 | 35.34x |
| 2026-04-27 | 35.35x |
| 2026-04-24 | 35.26x |
| 2026-04-23 | 35.13x |
| 2026-04-22 | 33.96x |
| 2026-04-21 | 34.15x |
| 2026-04-20 | 34.41x |
| 2026-04-17 | 34.18x |
| 2026-04-16 | 33.84x |
| 2026-04-15 | 34.09x |
| 2026-04-14 | 34.60x |
| 2026-04-13 | 34.35x |
| 2026-04-10 | 34.13x |
| 2026-04-09 | 34.14x |
| 2026-04-08 | 33.52x |
| 2026-04-07 | 33.08x |
| 2026-04-06 | 32.87x |
| 2026-04-02 | 32.64x |
| 2026-04-01 | 32.41x |
| 2026-03-31 | 32.28x |
| 2026-03-30 | 31.92x |
| 2026-03-27 | 31.95x |
| 2026-03-26 | 31.99x |
| 2026-03-25 | 32.06x |
| 2026-03-24 | 31.83x |
| 2026-03-23 | 31.76x |
| 2026-03-20 | 31.19x |
| 2026-03-19 | 31.36x |
| 2026-03-18 | 31.67x |
| 2026-03-17 | 32.09x |
| 2026-03-16 | 33.15x |
| 2026-03-13 | 32.85x |
| 2026-03-12 | 32.56x |
| 2026-03-11 | 33.15x |
| 2026-03-10 | 33.20x |
| 2026-03-09 | 33.59x |
| 2026-03-06 | 33.29x |
| 2026-03-05 | 34.02x |
| 2026-03-04 | 34.30x |
| 2026-03-03 | 34.40x |
| 2026-03-02 | 34.86x |
| 2026-02-27 | 34.66x |
| 2026-02-26 | 34.17x |
| 2026-02-25 | 33.86x |
| 2026-02-24 | 34.43x |
| 2026-02-23 | 34.13x |
| 2026-02-20 | 34.22x |
| 2026-02-19 | 33.96x |
| 2026-02-18 | 33.57x |
| 2026-02-17 | 33.72x |
| 2026-02-13 | 33.50x |
| 2026-02-12 | 33.43x |
| 2026-02-11 | 33.18x |
| 2026-02-10 | 33.12x |
| 2026-02-09 | 32.44x |
| 2026-02-06 | 31.95x |
| 2026-02-05 | 31.59x |
| 2026-02-04 | 31.50x |
| 2026-02-03 | 30.86x |
| 2026-02-02 | 30.65x |
| 2026-01-30 | 30.79x |
| 2026-01-29 | 32.01x |
| 2026-01-28 | 31.38x |
| 2026-01-27 | 31.87x |
| 2026-01-26 | 31.72x |
| 2026-01-23 | 31.71x |
| 2026-01-22 | 31.75x |
| 2026-01-21 | 31.59x |
| 2026-01-20 | 31.03x |
| 2026-01-16 | 31.77x |
| 2026-01-15 | 31.55x |
| 2026-01-14 | 31.15x |
| 2026-01-13 | 31.08x |
| 2026-01-12 | 31.48x |
| 2026-01-09 | 31.48x |
| 2026-01-08 | 31.61x |
| 2026-01-07 | 30.90x |
| 2026-01-06 | 31.90x |
| 2026-01-05 | 31.58x |
| 2026-01-02 | 31.82x |
| 2025-12-31 | 31.45x |
| 2025-12-30 | 31.57x |
| 2025-12-29 | 31.60x |
| 2025-12-26 | 31.41x |
| 2025-12-24 | 31.41x |
| 2025-12-23 | 31.43x |
| 2025-12-22 | 31.29x |
| 2025-12-19 | 31.29x |
| 2025-12-18 | 31.64x |
| 2025-12-17 | 31.08x |
| 2025-12-16 | 30.96x |
| 2025-12-15 | 31.33x |
| 2025-12-12 | 31.21x |
| 2025-12-11 | 31.23x |
| 2025-12-10 | 31.31x |
| 2025-12-09 | 31.16x |
| 2025-12-08 | 31.30x |
| 2025-12-05 | 31.28x |
| 2025-12-04 | 31.38x |
| 2025-12-03 | 31.40x |
| 2025-12-02 | 30.73x |
| 2025-12-01 | 30.62x |
| 2025-11-28 | 30.70x |
| 2025-11-26 | 30.22x |
| 2025-11-25 | 29.88x |
| 2025-11-24 | 29.44x |
| 2025-11-21 | 29.97x |
| 2025-11-20 | 29.72x |
| 2025-11-19 | 30.11x |
| 2025-11-18 | 30.21x |
| 2025-11-17 | 30.60x |
| 2025-11-14 | 30.77x |
| 2025-11-13 | 30.89x |
| 2025-11-12 | 31.21x |
| 2025-11-11 | 30.72x |
| 2025-11-10 | 30.35x |
| 2025-11-07 | 30.48x |
| 2025-11-06 | 30.36x |
| 2025-11-05 | 30.74x |
| 2025-11-04 | 30.67x |
| 2025-11-03 | 30.63x |
| 2025-10-31 | 32.59x |
| 2025-10-30 | 31.88x |
| 2025-10-29 | 31.85x |
| 2025-10-28 | 32.27x |
| 2025-10-27 | 32.28x |
| 2025-10-24 | 32.43x |
| 2025-10-23 | 32.61x |
| 2025-10-22 | 32.65x |
| 2025-10-21 | 32.34x |
| 2025-10-20 | 32.44x |
| 2025-10-17 | 32.53x |
| 2025-10-16 | 32.25x |
| 2025-10-15 | 32.92x |
| 2025-10-14 | 32.58x |
| 2025-10-13 | 32.65x |
| 2025-10-10 | 32.20x |
| 2025-10-09 | 32.48x |
| 2025-10-08 | 32.71x |
| 2025-10-07 | 32.87x |
| 2025-10-06 | 32.78x |
| 2025-10-03 | 32.72x |
| 2025-10-02 | 32.20x |
| 2025-10-01 | 32.20x |
| 2025-09-30 | 32.15x |
| 2025-09-29 | 32.05x |
| 2025-09-26 | 31.77x |
| 2025-09-25 | 31.64x |
| 2025-09-24 | 31.57x |
| 2025-09-23 | 31.59x |
| 2025-09-22 | 31.53x |
| 2025-09-19 | 31.89x |
| 2025-09-18 | 31.94x |
| 2025-09-17 | 32.25x |
| 2025-09-16 | 32.52x |
| 2025-09-15 | 32.44x |
| 2025-09-12 | 31.92x |
| 2025-09-11 | 32.05x |
| 2025-09-10 | 31.64x |
| 2025-09-09 | 31.87x |
| 2025-09-08 | 32.41x |
| 2025-09-05 | 32.77x |
| 2025-09-04 | 32.82x |
| 2025-09-03 | 32.77x |
| 2025-09-02 | 32.79x |
| 2025-08-29 | 32.83x |
Showing the most recent 260 of 5,032 data points. The chart above shows the full history.
