Basis: FMP quote market capitalization / four-quarter operating cash flow. Source: stored company filings and market data; unavailable inputs remain N/A.
Is the Price/OCF ratio high or low?
The Price/OCF ratio of 4.05 is 36% above its estimated 5-year average of 2.97, around the middle of its estimated 5-year range (1.75–8.81).
As of 2026-10-06T18:58:30.109Z. 39.74% above its estimated 12-month average of 2.90.
Calculation as of: 2026-10-06T18:58:30.109Z.
Quote observation: 2026-10-06T18:55:06.000Z. Amounts in USD. The price header may show a later quote.
FMP input reference: 0d36d1c566b0729d2b6e3ed4df0f62e6583b4de8c15f2fe55f6e28b7bf24a7d1
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 2026-10-05.
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.
PRICE/OCF RATIO
4.05
PRICE/OCF RATIO AVG TTM
2.90
PRICE/OCF RATIO AVG 3Y
2.90
PRICE/OCF RATIO AVG 5Y
2.97
PRICE/OCF RATIO AVG 10Y
N/A
PRICE/OCF RATIO AVG 15Y
N/A
PRICE/OCF RATIO AVG 20Y
N/A
CURRENT VS TTM AVG
+39.74%
CURRENT VS 3Y AVG
+39.44%
CURRENT VS 5Y AVG
+36.14%
CURRENT VS 10Y AVG
N/A
CURRENT VS 15Y AVG
N/A
CURRENT VS 20Y AVG
N/A
SECTOR MEDIAN · UTILITIES
9.48
median of 54 covered companies
CURRENT VS SECTOR MEDIAN
-57.30%
vs the sector median at left
Market Cap
$1.99B
Price/OCF Ratio
9.32
TTM Avg
8.75
3Y Avg
7.24
5Y Avg
8.14
Market Cap
$3.27B
Price/OCF Ratio
10.10
TTM Avg
16.40
3Y Avg
16.40
5Y Avg
16.40
Market Cap
$994.82M
Price/OCF Ratio
16.96
TTM Avg
15.80
3Y Avg
18.37
5Y Avg
25.16
| NAME | MARKET CAP | PRICE/OCF RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| ReNew Energy Global Plc (RNW) | $2.50B | 4.05 | 2.90 | 2.90 | 2.97 |
| H2O America (HTO)vs › | $2.43B | 9.89 | 8.92 | 9.33 | 11.14 |
| MGE Energy, Inc. (MGEE)vs › | $2.66B | 9.56 | 10.48 | 11.73 | 14.05 |
| newcleo plc Ordinary Shares (NWCL)vs › | $2.32B | N/A | N/A | N/A | N/A |
| Avista Corporation (AVA)vs › | $2.94B | 5.39 | 6.77 | 6.65 | 11.19 |
| Northwest Natural Holding Company (NWN)vs › | $1.99B | 9.32 | 8.75 | 7.24 | 8.14 |
| SOLV Energy, Inc. Class A Common Stock (MWH)vs › | $3.27B | 10.10 | 16.40 | 16.40 | 16.40 |
| Fluence Energy, Inc. (FLNC)vs › | $1.49B | N/A | 27.89 | 27.89 | 27.89 |
| Middlesex Water Company (MSEX)vs › | $994.82M | 16.96 | 15.80 | 18.37 | 25.16 |
| XPLR Infrastructure, LP (XIFR)vs › | $974.31M | 7.92 | 3.31 | 2.40 | 2.40 |
P/OCF Ratio
4.0
P/FCF Ratio
N/A
P/OCF measures market price relative to operating cash flow: market cap divided by TTM operating cash flow. OCF is cash from operations before capital expenditures, so it sits above free cash flow — P/OCF typically reads below P/FCF, with the widest gap for capex-heavy businesses.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
| DATE | PRICE/OCF RATIO |
|---|---|
| 2026-10-05 | 4.11 |
| 2026-10-02 | 4.09 |
| 2026-10-01 | 4.08 |
| 2026-09-30 | 4.09 |
| 2026-09-29 | 4.09 |
| 2026-09-28 | 4.09 |
| 2026-09-25 | 4.09 |
| 2026-09-24 | 4.09 |
| 2026-09-23 | 4.09 |
| 2026-09-22 | 4.09 |
| 2026-09-21 | 4.09 |
| 2026-09-18 | 4.09 |
| 2026-09-17 | 4.09 |
| 2026-09-16 | 4.09 |
| 2026-09-15 | 4.08 |
| 2026-09-14 | 4.08 |
| 2026-09-11 | 4.08 |
| 2026-09-10 | 4.09 |
| 2026-09-09 | 4.09 |
| 2026-09-08 | 4.10 |
| 2026-09-04 | 4.11 |
| 2026-09-03 | 4.08 |
| 2026-09-02 | 4.07 |
| 2026-09-01 | 4.06 |
| 2026-08-31 | 4.06 |
| 2026-08-28 | 4.08 |
| 2026-08-27 | 4.08 |
| 2026-08-26 | 4.08 |
| 2026-08-25 | 4.07 |
| 2026-08-24 | 4.06 |
| 2026-08-21 | 4.07 |
| 2026-08-20 | 4.08 |
| 2026-08-19 | 4.06 |
| 2026-08-18 | 3.63 |
| 2026-08-17 | 3.63 |
| 2026-08-14 | 3.62 |
| 2026-08-13 | 3.62 |
| 2026-08-12 | 3.62 |
| 2026-08-11 | 3.64 |
| 2026-08-10 | 3.26 |
| 2026-08-07 | 3.28 |
| 2026-08-06 | 3.31 |
| 2026-08-05 | 3.25 |
| 2026-08-04 | 3.35 |
| 2026-08-03 | 3.35 |
| 2026-07-31 | 3.31 |
| 2026-07-30 | 3.28 |
| 2026-07-29 | 3.19 |
| 2026-07-28 | 3.24 |
| 2026-07-27 | 3.21 |
| 2026-07-24 | 3.27 |
| 2026-07-23 | 3.32 |
| 2026-07-22 | 3.31 |
| 2026-07-21 | 3.31 |
| 2026-07-20 | 3.29 |
| 2026-07-17 | 3.35 |
| 2026-07-16 | 3.29 |
| 2026-07-15 | 3.34 |
| 2026-07-14 | 3.30 |
| 2026-07-13 | 3.27 |
| 2026-07-10 | 3.34 |
| 2026-07-09 | 3.27 |
| 2026-07-08 | 3.30 |
| 2026-07-07 | 3.20 |
| 2026-07-06 | 3.18 |
| 2026-07-02 | 3.24 |
| 2026-07-01 | 3.29 |
| 2026-06-30 | 3.32 |
| 2026-06-29 | 3.33 |
| 2026-06-26 | 3.29 |
| 2026-06-25 | 3.39 |
| 2026-06-24 | 3.31 |
| 2026-06-23 | 3.29 |
| 2026-06-22 | 3.42 |
| 2026-06-18 | 3.36 |
| 2026-06-17 | 3.29 |
| 2026-06-16 | 3.36 |
| 2026-06-15 | 3.36 |
| 2026-06-12 | 3.42 |
| 2026-06-11 | 3.37 |
| 2026-06-10 | 3.22 |
| 2026-06-09 | 3.27 |
| 2026-06-08 | 3.16 |
| 2026-06-05 | 3.21 |
| 2026-06-04 | 3.36 |
| 2026-06-03 | 3.32 |
| 2026-06-02 | 3.39 |
| 2026-06-01 | 3.47 |
| 2026-05-29 | 3.40 |
| 2026-05-28 | 3.32 |
| 2026-05-27 | 3.28 |
| 2026-05-26 | 3.19 |
| 2026-05-22 | 3.15 |
| 2026-05-21 | 3.11 |
| 2026-05-20 | 2.95 |
| 2026-05-19 | 2.85 |
| 2026-05-18 | 2.13 |
| 2026-05-15 | 2.08 |
| 2026-05-14 | 2.15 |
| 2026-05-13 | 2.11 |
| 2026-05-12 | 2.12 |
| 2026-05-11 | 2.20 |
| 2026-05-08 | 2.18 |
| 2026-05-07 | 2.10 |
| 2026-05-06 | 2.12 |
| 2026-05-05 | 2.08 |
| 2026-05-04 | 2.04 |
| 2026-05-01 | 2.09 |
| 2026-04-30 | 2.09 |
| 2026-04-29 | 1.97 |
| 2026-04-28 | 1.95 |
| 2026-04-27 | 2.02 |
| 2026-04-24 | 2.02 |
| 2026-04-23 | 2.01 |
| 2026-04-22 | 2.05 |
| 2026-04-21 | 2.02 |
| 2026-04-20 | 1.96 |
| 2026-04-17 | 1.94 |
| 2026-04-16 | 1.94 |
| 2026-04-15 | 1.93 |
| 2026-04-14 | 1.88 |
| 2026-04-13 | 1.87 |
| 2026-04-10 | 1.90 |
| 2026-04-09 | 1.85 |
| 2026-04-08 | 1.85 |
| 2026-04-07 | 1.85 |
| 2026-04-06 | 1.85 |
| 2026-04-02 | 1.85 |
| 2026-04-01 | 1.86 |
| 2026-03-31 | 1.78 |
| 2026-03-30 | 1.75 |
| 2026-03-27 | 1.75 |
| 2026-03-26 | 1.82 |
| 2026-03-25 | 1.85 |
| 2026-03-24 | 1.85 |
| 2026-03-23 | 1.92 |
| 2026-03-20 | 1.97 |
| 2026-03-19 | 2.04 |
| 2026-03-18 | 2.02 |
| 2026-03-17 | 2.04 |
| 2026-03-16 | 2.06 |
| 2026-03-13 | 2.03 |
| 2026-03-12 | 2.01 |
| 2026-03-11 | 2.08 |
| 2026-03-10 | 2.08 |
| 2026-03-09 | 2.05 |
| 2026-03-06 | 2.07 |
| 2026-03-05 | 2.09 |
| 2026-03-04 | 2.11 |
| 2026-03-03 | 2.10 |
| 2026-03-02 | 2.15 |
| 2026-02-27 | 2.15 |
| 2026-02-26 | 2.15 |
| 2026-02-25 | 2.15 |
| 2026-02-24 | 2.15 |
| 2026-02-23 | 2.13 |
| 2026-02-20 | 2.10 |
| 2026-02-19 | 2.08 |
| 2026-02-18 | 2.11 |
| 2026-02-17 | 2.14 |
| 2026-02-13 | 2.20 |
| 2026-02-12 | 2.20 |
| 2026-02-11 | 2.18 |
| 2026-02-10 | 2.20 |
| 2026-02-09 | 2.16 |
| 2026-02-06 | 2.14 |
| 2026-02-05 | 2.12 |
| 2026-02-04 | 2.20 |
| 2026-02-03 | 2.20 |
| 2026-02-02 | 2.22 |
| 2026-01-30 | 2.23 |
| 2026-01-29 | 2.23 |
| 2026-01-28 | 2.29 |
| 2026-01-27 | 2.31 |
| 2026-01-26 | 2.28 |
| 2026-01-23 | 2.26 |
| 2026-01-22 | 2.26 |
| 2026-01-21 | 2.20 |
| 2026-01-20 | 2.19 |
| 2026-01-16 | 2.21 |
| 2026-01-15 | 2.22 |
| 2026-01-14 | 2.22 |
| 2026-01-13 | 2.22 |
| 2026-01-12 | 2.22 |
| 2026-01-09 | 2.23 |
| 2026-01-08 | 2.24 |
| 2026-01-07 | 2.21 |
| 2026-01-06 | 2.35 |
| 2026-01-05 | 2.37 |
| 2026-01-02 | 2.41 |
| 2025-12-31 | 2.32 |
| 2025-12-30 | 2.32 |
| 2025-12-29 | 2.28 |
| 2025-12-26 | 2.26 |
| 2025-12-24 | 2.26 |
| 2025-12-23 | 2.23 |
| 2025-12-22 | 2.25 |
| 2025-12-19 | 2.20 |
| 2025-12-18 | 2.29 |
| 2025-12-17 | 2.24 |
| 2025-12-16 | 2.13 |
| 2025-12-15 | 2.26 |
| 2025-12-12 | 3.10 |
| 2025-12-11 | 3.12 |
| 2025-12-10 | 3.12 |
| 2025-12-09 | 3.11 |
| 2025-12-08 | 3.11 |
| 2025-12-05 | 3.10 |
| 2025-12-04 | 3.09 |
| 2025-12-03 | 3.10 |
| 2025-12-02 | 3.11 |
| 2025-12-01 | 3.13 |
| 2025-11-28 | 3.13 |
| 2025-11-26 | 3.12 |
| 2025-11-25 | 3.12 |
| 2025-11-24 | 3.08 |
| 2025-11-21 | 3.09 |
| 2025-11-20 | 3.08 |
| 2025-11-19 | 3.09 |
| 2025-11-18 | 3.08 |
| 2025-11-17 | 3.07 |
| 2025-11-14 | 3.07 |
| 2025-11-13 | 3.02 |
| 2025-11-12 | 3.01 |
| 2025-11-11 | 3.02 |
| 2025-11-10 | 3.33 |
| 2025-11-07 | 3.40 |
| 2025-11-06 | 3.36 |
| 2025-11-05 | 3.38 |
| 2025-11-04 | 3.38 |
| 2025-11-03 | 3.40 |
| 2025-10-31 | 3.40 |
| 2025-10-30 | 3.41 |
| 2025-10-29 | 3.43 |
| 2025-10-28 | 3.50 |
| 2025-10-27 | 3.40 |
| 2025-10-24 | 3.41 |
| 2025-10-23 | 3.41 |
| 2025-10-22 | 3.42 |
| 2025-10-21 | 3.43 |
| 2025-10-20 | 3.43 |
| 2025-10-17 | 3.46 |
| 2025-10-16 | 3.47 |
| 2025-10-15 | 3.49 |
| 2025-10-14 | 3.41 |
| 2025-10-13 | 3.46 |
| 2025-10-10 | 3.59 |
| 2025-10-09 | 3.65 |
| 2025-10-08 | 3.65 |
| 2025-10-07 | 3.65 |
| 2025-10-06 | 3.63 |
| 2025-10-03 | 3.61 |
| 2025-10-02 | 3.64 |
| 2025-10-01 | 3.69 |
| 2025-09-30 | 3.47 |
| 2025-09-29 | 3.50 |
| 2025-09-26 | 3.47 |
| 2025-09-25 | 3.45 |
| 2025-09-24 | 3.47 |
| 2025-09-23 | 3.54 |
Showing the most recent 260 of 1,426 data points. The chart above shows the full history.
