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 19.56x is 10% above its estimated 5-year average of 17.76x, around the middle of its estimated 5-year range (14.70x–22.44x).
As of 2026-10-02T20:31:00.878Z. 1.47% above its estimated 12-month average of 19.28x.
Calculation as of: 2026-10-02T20:31:00.878Z.
Quote observation: 2026-10-02T20:00:02.000Z. Amounts in USD. The price header may show a later quote.
FMP input reference: 0be53b889a34275f00216ff99dc3094d43fc397a65c15d72f0e0b892efd9cb96
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 2026-10-01.
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
19.56x
EV/FCF RATIO AVG TTM
19.28x
EV/FCF RATIO AVG 3Y
18.18x
EV/FCF RATIO AVG 5Y
17.76x
EV/FCF RATIO AVG 10Y
18.58x
EV/FCF RATIO AVG 15Y
18.60x
EV/FCF RATIO AVG 20Y
17.38x
CURRENT VS TTM AVG
+1.47%
CURRENT VS 3Y AVG
+7.58%
CURRENT VS 5Y AVG
+10.14%
CURRENT VS 10Y AVG
+5.29%
CURRENT VS 15Y AVG
+5.14%
CURRENT VS 20Y AVG
+12.56%
SECTOR MEDIAN · HEALTHCARE
24.89x
median of 74 covered companies
CURRENT VS SECTOR MEDIAN
-21.41%
vs the sector median at left
Market Cap
$242.11B
EV/FCF Ratio
38.34x
TTM Avg
36.99x
3Y Avg
34.05x
5Y Avg
35.24x
Market Cap
$337.74B
EV/FCF Ratio
16.20x
TTM Avg
19.54x
3Y Avg
30.22x
5Y Avg
26.21x
Market Cap
$179.47B
EV/FCF Ratio
N/A
TTM Avg
18.75x
3Y Avg
16.22x
5Y Avg
14.66x
| NAME | MARKET CAP | EV/FCF RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Novartis AG (NVS) | $268.00B | 19.56x | 19.28x | 18.18x | 17.76x |
| AstraZeneca PLC (AZN)vs › | $243.33B | 30.97x | 34.94x | 34.95x | 37.51x |
| Thermo Fisher Scientific Inc. (TMO)vs › | $242.11B | 38.34x | 36.99x | 34.05x | 35.24x |
| Amgen Inc. (AMGN)vs › | $217.52B | 25.64x | 24.90x | 25.82x | 23.12x |
| Roche Holding AG (RHHBY)vs › | $332.94B | N/A | N/A | N/A | N/A |
| UnitedHealth Group Incorporated (UNH)vs › | $337.74B | 16.20x | 19.54x | 30.22x | 26.21x |
| Merck & Co., Inc. (MRK)vs › | $356.40B | 25.12x | 23.47x | 22.95x | 23.12x |
| Gilead Sciences, Inc. (GILD)vs › | $179.47B | N/A | 18.75x | 16.22x | 14.66x |
| Abbott Laboratories (ABT)vs › | $168.71B | N/A | 29.79x | 34.80x | 30.96x |
| Novo Nordisk A/S (NVO)vs › | $165.72B | 24.21x | 36.07x | 43.89x | 39.58x |
EV/FCF
19.6x
P/FCF
16.9x
FCF Yield
5.90%
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 |
|---|---|
| 2026-10-01 | 19.68x |
| 2026-09-30 | 19.87x |
| 2026-09-29 | 20.25x |
| 2026-09-28 | 20.39x |
| 2026-09-25 | 20.22x |
| 2026-09-24 | 19.99x |
| 2026-09-23 | 19.88x |
| 2026-09-22 | 19.71x |
| 2026-09-21 | 19.67x |
| 2026-09-18 | 19.60x |
| 2026-09-17 | 19.67x |
| 2026-09-16 | 19.40x |
| 2026-09-15 | 19.39x |
| 2026-09-14 | 19.43x |
| 2026-09-11 | 19.21x |
| 2026-09-10 | 19.25x |
| 2026-09-09 | 19.25x |
| 2026-09-08 | 19.28x |
| 2026-09-04 | 21.98x |
| 2026-09-03 | 22.35x |
| 2026-09-02 | 22.27x |
| 2026-09-01 | 22.13x |
| 2026-08-31 | 21.02x |
| 2026-08-28 | 21.23x |
| 2026-08-27 | 21.33x |
| 2026-08-26 | 21.68x |
| 2026-08-25 | 21.97x |
| 2026-08-24 | 21.74x |
| 2026-08-21 | 21.84x |
| 2026-08-20 | 21.52x |
| 2026-08-19 | 22.01x |
| 2026-08-18 | 21.32x |
| 2026-08-17 | 21.00x |
| 2026-08-14 | 20.87x |
| 2026-08-13 | 20.97x |
| 2026-08-12 | 21.05x |
| 2026-08-11 | 21.32x |
| 2026-08-10 | 21.59x |
| 2026-08-07 | 21.53x |
| 2026-08-06 | 21.28x |
| 2026-08-05 | 21.30x |
| 2026-08-04 | 21.16x |
| 2026-08-03 | 21.21x |
| 2026-07-31 | 21.51x |
| 2026-07-30 | 21.79x |
| 2026-07-29 | 21.83x |
| 2026-07-28 | 21.96x |
| 2026-07-27 | 21.51x |
| 2026-07-24 | 21.37x |
| 2026-07-23 | 21.51x |
| 2026-07-22 | 21.14x |
| 2026-07-21 | 20.48x |
| 2026-07-20 | 19.97x |
| 2026-07-17 | 20.46x |
| 2026-07-16 | 20.34x |
| 2026-07-15 | 20.12x |
| 2026-07-14 | 20.06x |
| 2026-07-13 | 20.42x |
| 2026-07-10 | 20.50x |
| 2026-07-09 | 20.56x |
| 2026-07-08 | 20.63x |
| 2026-07-07 | 20.85x |
| 2026-07-06 | 20.67x |
| 2026-07-02 | 21.18x |
| 2026-07-01 | 20.51x |
| 2026-06-30 | 20.81x |
| 2026-06-29 | 20.91x |
| 2026-06-26 | 20.66x |
| 2026-06-25 | 20.62x |
| 2026-06-24 | 20.39x |
| 2026-06-23 | 20.42x |
| 2026-06-22 | 19.90x |
| 2026-06-18 | 19.68x |
| 2026-06-17 | 20.13x |
| 2026-06-16 | 20.13x |
| 2026-06-15 | 20.21x |
| 2026-06-12 | 20.38x |
| 2026-06-11 | 20.48x |
| 2026-06-10 | 19.80x |
| 2026-06-09 | 19.92x |
| 2026-06-08 | 19.60x |
| 2026-06-05 | 19.92x |
| 2026-06-04 | 19.83x |
| 2026-06-03 | 19.28x |
| 2026-06-02 | 19.26x |
| 2026-06-01 | 19.52x |
| 2026-05-29 | 20.04x |
| 2026-05-28 | 20.19x |
| 2026-05-27 | 20.15x |
| 2026-05-26 | 20.12x |
| 2026-05-22 | 20.26x |
| 2026-05-21 | 20.23x |
| 2026-05-20 | 20.08x |
| 2026-05-19 | 20.07x |
| 2026-05-18 | 19.92x |
| 2026-05-15 | 19.80x |
| 2026-05-14 | 20.00x |
| 2026-05-13 | 19.99x |
| 2026-05-12 | 19.81x |
| 2026-05-11 | 19.46x |
| 2026-05-08 | 19.56x |
| 2026-05-07 | 19.48x |
| 2026-05-06 | 19.83x |
| 2026-05-05 | 19.50x |
| 2026-05-04 | 19.39x |
| 2026-05-01 | 19.62x |
| 2026-04-30 | 19.77x |
| 2026-04-29 | 19.20x |
| 2026-04-28 | 19.59x |
| 2026-04-27 | 19.43x |
| 2026-04-24 | 19.58x |
| 2026-04-23 | 19.83x |
| 2026-04-22 | 19.81x |
| 2026-04-21 | 19.89x |
| 2026-04-20 | 20.26x |
| 2026-04-17 | 20.39x |
| 2026-04-16 | 20.11x |
| 2026-04-15 | 20.40x |
| 2026-04-14 | 20.56x |
| 2026-04-13 | 20.69x |
| 2026-04-10 | 20.64x |
| 2026-04-09 | 20.77x |
| 2026-04-08 | 20.69x |
| 2026-04-07 | 20.29x |
| 2026-04-06 | 20.49x |
| 2026-04-02 | 20.64x |
| 2026-04-01 | 20.77x |
| 2026-03-31 | 20.48x |
| 2026-03-30 | 20.19x |
| 2026-03-27 | 19.92x |
| 2026-03-26 | 20.11x |
| 2026-03-25 | 20.24x |
| 2026-03-24 | 19.97x |
| 2026-03-23 | 19.91x |
| 2026-03-20 | 19.65x |
| 2026-03-19 | 19.92x |
| 2026-03-18 | 20.12x |
| 2026-03-17 | 20.74x |
| 2026-03-16 | 20.74x |
| 2026-03-13 | 20.57x |
| 2026-03-12 | 20.67x |
| 2026-03-11 | 20.86x |
| 2026-03-10 | 21.57x |
| 2026-03-09 | 21.72x |
| 2026-03-06 | 21.39x |
| 2026-03-05 | 21.50x |
| 2026-03-04 | 22.01x |
| 2026-03-03 | 21.89x |
| 2026-03-02 | 22.22x |
| 2026-02-27 | 22.44x |
| 2026-02-26 | 22.06x |
| 2026-02-25 | 22.22x |
| 2026-02-24 | 22.25x |
| 2026-02-23 | 21.96x |
| 2026-02-20 | 21.71x |
| 2026-02-19 | 21.86x |
| 2026-02-18 | 22.04x |
| 2026-02-17 | 22.14x |
| 2026-02-13 | 21.76x |
| 2026-02-12 | 21.52x |
| 2026-02-11 | 21.38x |
| 2026-02-10 | 21.15x |
| 2026-02-09 | 21.01x |
| 2026-02-06 | 20.93x |
| 2026-02-05 | 20.63x |
| 2026-02-04 | 18.71x |
| 2026-02-03 | 18.36x |
| 2026-02-02 | 18.49x |
| 2026-01-30 | 18.23x |
| 2026-01-29 | 18.25x |
| 2026-01-28 | 18.13x |
| 2026-01-27 | 18.63x |
| 2026-01-26 | 18.28x |
| 2026-01-23 | 18.05x |
| 2026-01-22 | 17.81x |
| 2026-01-21 | 17.82x |
| 2026-01-20 | 17.65x |
| 2026-01-16 | 17.73x |
| 2026-01-15 | 17.60x |
| 2026-01-14 | 17.94x |
| 2026-01-13 | 17.42x |
| 2026-01-12 | 17.45x |
| 2026-01-09 | 17.41x |
| 2026-01-08 | 17.40x |
| 2026-01-07 | 17.46x |
| 2026-01-06 | 17.50x |
| 2026-01-05 | 17.00x |
| 2026-01-02 | 17.07x |
| 2025-12-31 | 17.00x |
| 2025-12-30 | 17.09x |
| 2025-12-29 | 17.15x |
| 2025-12-26 | 17.14x |
| 2025-12-24 | 17.11x |
| 2025-12-23 | 17.14x |
| 2025-12-22 | 16.88x |
| 2025-12-19 | 16.79x |
| 2025-12-18 | 16.70x |
| 2025-12-17 | 16.67x |
| 2025-12-16 | 16.67x |
| 2025-12-15 | 16.69x |
| 2025-12-12 | 16.39x |
| 2025-12-11 | 16.37x |
| 2025-12-10 | 16.24x |
| 2025-12-09 | 16.22x |
| 2025-12-08 | 16.12x |
| 2025-12-05 | 16.35x |
| 2025-12-04 | 16.38x |
| 2025-12-03 | 16.52x |
| 2025-12-02 | 16.36x |
| 2025-12-01 | 15.98x |
| 2025-11-28 | 16.15x |
| 2025-11-26 | 16.15x |
| 2025-11-25 | 16.13x |
| 2025-11-24 | 15.71x |
| 2025-11-21 | 15.80x |
| 2025-11-20 | 15.46x |
| 2025-11-19 | 15.80x |
| 2025-11-18 | 15.87x |
| 2025-11-17 | 16.28x |
| 2025-11-14 | 16.24x |
| 2025-11-13 | 16.32x |
| 2025-11-12 | 16.36x |
| 2025-11-11 | 16.16x |
| 2025-11-10 | 15.78x |
| 2025-11-07 | 15.69x |
| 2025-11-06 | 15.71x |
| 2025-11-05 | 15.59x |
| 2025-11-04 | 15.53x |
| 2025-11-03 | 15.40x |
| 2025-10-31 | 15.39x |
| 2025-10-30 | 15.26x |
| 2025-10-29 | 15.17x |
| 2025-10-28 | 15.94x |
| 2025-10-27 | 16.61x |
| 2025-10-24 | 16.75x |
| 2025-10-23 | 16.90x |
| 2025-10-22 | 16.87x |
| 2025-10-21 | 16.86x |
| 2025-10-20 | 16.92x |
| 2025-10-17 | 16.87x |
| 2025-10-16 | 16.80x |
| 2025-10-15 | 16.70x |
| 2025-10-14 | 16.74x |
| 2025-10-13 | 16.60x |
| 2025-10-10 | 16.71x |
| 2025-10-09 | 16.83x |
| 2025-10-08 | 16.98x |
| 2025-10-07 | 16.89x |
| 2025-10-06 | 16.97x |
| 2025-10-03 | 16.99x |
| 2025-10-02 | 16.82x |
| 2025-10-01 | 16.91x |
| 2025-09-30 | 16.50x |
| 2025-09-29 | 16.02x |
| 2025-09-26 | 15.97x |
| 2025-09-25 | 15.80x |
| 2025-09-24 | 15.89x |
| 2025-09-23 | 15.87x |
| 2025-09-22 | 15.93x |
| 2025-09-19 | 15.88x |
Showing the most recent 260 of 4,949 data points. The chart above shows the full history.
