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 28.48x is 61% below its estimated 5-year average of 72.14x, near the low end of its estimated 5-year range (21.99x–1275.74x).
As of 2026-09-16T00:16:02.960Z. 11.73% below its estimated 12-month average of 32.26x.
Calculation as of: 2026-09-16T00:16:02.960Z.
Quote observation: 2026-09-15T20:00:03.000Z. Amounts in USD. The price header may show a later quote.
FMP input reference: 4373ab5b3985bc72e1a4b384fa2d1c41ac39cf4d8d31cff7a7ae66968ca7c075
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
28.48x
EV/FCF RATIO AVG TTM
32.26x
EV/FCF RATIO AVG 3Y
46.00x
EV/FCF RATIO AVG 5Y
72.14x
EV/FCF RATIO AVG 10Y
N/A
EV/FCF RATIO AVG 15Y
N/A
EV/FCF RATIO AVG 20Y
N/A
CURRENT VS TTM AVG
-11.73%
CURRENT VS 3Y AVG
-38.08%
CURRENT VS 5Y AVG
-60.52%
CURRENT VS 10Y AVG
N/A
CURRENT VS 15Y AVG
N/A
CURRENT VS 20Y AVG
N/A
SECTOR MEDIAN · COMMUNICATION SERVICES
22.78x
median of 29 covered companies
CURRENT VS SECTOR MEDIAN
+25.02%
vs the sector median at left
Spotify Technology S.A.
Market Cap
$114.77B
EV/FCF Ratio
28.48x
TTM Avg
32.26x
3Y Avg
46.00x
5Y Avg
72.14x
Market Cap
$86.66B
EV/FCF Ratio
8.28x
TTM Avg
9.47x
3Y Avg
16.29x
5Y Avg
17.65x
Market Cap
$70.28B
EV/FCF Ratio
45.38x
TTM Avg
30.80x
3Y Avg
18.47x
5Y Avg
20.86x
Market Cap
$184.76B
EV/FCF Ratio
27.21x
TTM Avg
27.34x
3Y Avg
32.40x
5Y Avg
198.79x
Market Cap
$39.62B
EV/FCF Ratio
30.42x
TTM Avg
52.79x
3Y Avg
40.25x
5Y Avg
32.65x
Market Cap
$193.59B
EV/FCF Ratio
19.99x
TTM Avg
21.97x
3Y Avg
33.53x
5Y Avg
39.59x
| NAME | MARKET CAP | EV/FCF RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Spotify Technology S.A. (SPOT) | $114.77B | 28.48x | 32.26x | 46.00x | 72.14x |
| Comcast Corporation (CMCSA)vs › | $86.66B | 8.28x | 9.47x | 16.29x | 17.65x |
| DoorDash, Inc. (DASH)vs › | $86.39B | 37.32x | 46.80x | 42.89x | 106.57x |
| Warner Bros. Discovery, Inc. (WBD)vs › | $70.28B | 45.38x | 30.80x | 18.47x | 20.86x |
| AT&T Inc. (T)vs › | $183.16B | 18.61x | 17.40x | 15.75x | 16.36x |
| The Walt Disney Company (DIS)vs › | $184.76B | 27.21x | 27.34x | 32.40x | 198.79x |
| Live Nation Entertainment, Inc. (LYV)vs › | $39.62B | 30.42x | 52.79x | 40.25x | 32.65x |
| T-Mobile US, Inc. (TMUS)vs › | $193.59B | 19.99x | 21.97x | 33.53x | 39.59x |
| Reddit, Inc. (RDDT)vs › | $30.72B | 28.72x | 59.16x | 140.19x | 140.19x |
| Fox Corporation (FOXA)vs › | $29.63B | 9.43x | 11.93x | 14.38x | 14.04x |
EV/FCF
28.5x
P/FCF
30.1x
FCF Yield
3.32%
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 | 27.18x |
| 2026-09-10 | 26.96x |
| 2026-09-09 | 27.03x |
| 2026-09-08 | 27.34x |
| 2026-09-04 | 28.09x |
| 2026-09-03 | 29.06x |
| 2026-09-02 | 29.02x |
| 2026-09-01 | 28.19x |
| 2026-08-31 | 28.16x |
| 2026-08-28 | 28.37x |
| 2026-08-27 | 27.26x |
| 2026-08-26 | 28.51x |
| 2026-08-25 | 28.65x |
| 2026-08-24 | 27.84x |
| 2026-08-21 | 27.61x |
| 2026-08-20 | 27.58x |
| 2026-08-19 | 27.60x |
| 2026-08-18 | 26.66x |
| 2026-08-17 | 25.35x |
| 2026-08-14 | 26.47x |
| 2026-08-13 | 25.67x |
| 2026-08-12 | 25.20x |
| 2026-08-11 | 25.82x |
| 2026-08-10 | 26.41x |
| 2026-08-07 | 25.12x |
| 2026-08-06 | 24.40x |
| 2026-08-05 | 24.79x |
| 2026-08-04 | 25.38x |
| 2026-08-03 | 25.84x |
| 2026-07-31 | 26.60x |
| 2026-07-30 | 27.88x |
| 2026-07-29 | 27.96x |
| 2026-07-28 | 27.26x |
| 2026-07-27 | 26.31x |
| 2026-07-24 | 25.63x |
| 2026-07-23 | 24.86x |
| 2026-07-22 | 25.16x |
| 2026-07-21 | 26.23x |
| 2026-07-20 | 26.18x |
| 2026-07-17 | 25.38x |
| 2026-07-16 | 25.26x |
| 2026-07-15 | 25.79x |
| 2026-07-14 | 25.54x |
| 2026-07-13 | 25.47x |
| 2026-07-10 | 25.47x |
| 2026-07-09 | 25.81x |
| 2026-07-08 | 25.78x |
| 2026-07-07 | 26.27x |
| 2026-07-06 | 25.65x |
| 2026-07-02 | 25.82x |
| 2026-07-01 | 25.06x |
| 2026-06-30 | 24.31x |
| 2026-06-29 | 24.49x |
| 2026-06-26 | 24.36x |
| 2026-06-25 | 23.30x |
| 2026-06-24 | 24.08x |
| 2026-06-23 | 24.11x |
| 2026-06-22 | 24.32x |
| 2026-06-18 | 24.81x |
| 2026-06-17 | 24.11x |
| 2026-06-16 | 24.91x |
| 2026-06-15 | 25.47x |
| 2026-06-12 | 25.60x |
| 2026-06-11 | 25.82x |
| 2026-06-10 | 26.78x |
| 2026-06-09 | 26.39x |
| 2026-06-08 | 26.78x |
| 2026-06-05 | 26.44x |
| 2026-06-04 | 26.25x |
| 2026-06-03 | 25.91x |
| 2026-06-02 | 26.69x |
| 2026-06-01 | 27.04x |
| 2026-05-29 | 26.48x |
| 2026-05-28 | 27.55x |
| 2026-05-27 | 27.33x |
| 2026-05-26 | 28.28x |
| 2026-05-22 | 27.72x |
| 2026-05-21 | 26.04x |
| 2026-05-20 | 22.86x |
| 2026-05-19 | 23.33x |
| 2026-05-18 | 23.52x |
| 2026-05-15 | 23.06x |
| 2026-05-14 | 22.82x |
| 2026-05-13 | 22.72x |
| 2026-05-12 | 22.83x |
| 2026-05-11 | 22.08x |
| 2026-05-08 | 21.99x |
| 2026-05-07 | 22.53x |
| 2026-05-06 | 22.41x |
| 2026-05-05 | 22.09x |
| 2026-05-04 | 23.14x |
| 2026-05-01 | 23.32x |
| 2026-04-30 | 23.60x |
| 2026-04-29 | 23.44x |
| 2026-04-28 | 26.70x |
| 2026-04-27 | 30.64x |
| 2026-04-24 | 32.06x |
| 2026-04-23 | 31.93x |
| 2026-04-22 | 32.37x |
| 2026-04-21 | 32.34x |
| 2026-04-20 | 33.26x |
| 2026-04-17 | 33.25x |
| 2026-04-16 | 32.92x |
| 2026-04-15 | 32.90x |
| 2026-04-14 | 31.63x |
| 2026-04-13 | 31.17x |
| 2026-04-10 | 29.37x |
| 2026-04-09 | 30.05x |
| 2026-04-08 | 29.83x |
| 2026-04-07 | 29.83x |
| 2026-04-06 | 29.92x |
| 2026-04-02 | 30.20x |
| 2026-04-01 | 28.99x |
| 2026-03-31 | 29.94x |
| 2026-03-30 | 29.31x |
| 2026-03-27 | 29.15x |
| 2026-03-26 | 29.51x |
| 2026-03-25 | 29.20x |
| 2026-03-24 | 29.94x |
| 2026-03-23 | 30.42x |
| 2026-03-20 | 29.28x |
| 2026-03-19 | 29.79x |
| 2026-03-18 | 31.98x |
| 2026-03-17 | 32.52x |
| 2026-03-16 | 32.44x |
| 2026-03-13 | 31.93x |
| 2026-03-12 | 31.52x |
| 2026-03-11 | 31.83x |
| 2026-03-10 | 32.84x |
| 2026-03-09 | 33.77x |
| 2026-03-06 | 35.07x |
| 2026-03-05 | 34.24x |
| 2026-03-04 | 33.09x |
| 2026-03-03 | 32.18x |
| 2026-03-02 | 31.37x |
| 2026-02-27 | 31.86x |
| 2026-02-26 | 30.63x |
| 2026-02-25 | 28.56x |
| 2026-02-24 | 28.71x |
| 2026-02-23 | 28.85x |
| 2026-02-20 | 30.31x |
| 2026-02-19 | 29.97x |
| 2026-02-18 | 29.47x |
| 2026-02-17 | 28.53x |
| 2026-02-13 | 28.25x |
| 2026-02-12 | 27.44x |
| 2026-02-11 | 30.09x |
| 2026-02-10 | 30.11x |
| 2026-02-09 | 26.09x |
| 2026-02-06 | 26.60x |
| 2026-02-05 | 25.96x |
| 2026-02-04 | 27.78x |
| 2026-02-03 | 29.98x |
| 2026-02-02 | 32.25x |
| 2026-01-30 | 31.71x |
| 2026-01-29 | 31.94x |
| 2026-01-28 | 32.26x |
| 2026-01-27 | 32.45x |
| 2026-01-26 | 32.51x |
| 2026-01-23 | 32.55x |
| 2026-01-22 | 31.60x |
| 2026-01-21 | 31.83x |
| 2026-01-20 | 32.43x |
| 2026-01-16 | 31.98x |
| 2026-01-15 | 32.21x |
| 2026-01-14 | 33.59x |
| 2026-01-13 | 33.96x |
| 2026-01-12 | 33.66x |
| 2026-01-09 | 34.27x |
| 2026-01-08 | 35.21x |
| 2026-01-07 | 36.26x |
| 2026-01-06 | 36.38x |
| 2026-01-05 | 37.82x |
| 2026-01-02 | 36.61x |
| 2025-12-31 | 36.99x |
| 2025-12-30 | 36.72x |
| 2025-12-29 | 37.02x |
| 2025-12-26 | 37.23x |
| 2025-12-24 | 37.37x |
| 2025-12-23 | 36.90x |
| 2025-12-22 | 36.86x |
| 2025-12-19 | 37.08x |
| 2025-12-18 | 35.88x |
| 2025-12-17 | 36.04x |
| 2025-12-16 | 36.88x |
| 2025-12-15 | 36.75x |
| 2025-12-12 | 38.11x |
| 2025-12-11 | 38.18x |
| 2025-12-10 | 38.87x |
| 2025-12-09 | 37.58x |
| 2025-12-08 | 36.44x |
| 2025-12-05 | 35.95x |
| 2025-12-04 | 35.69x |
| 2025-12-03 | 35.44x |
| 2025-12-02 | 36.73x |
| 2025-12-01 | 36.87x |
| 2025-11-28 | 38.18x |
| 2025-11-26 | 37.77x |
| 2025-11-25 | 37.30x |
| 2025-11-24 | 37.27x |
| 2025-11-21 | 37.18x |
| 2025-11-20 | 37.55x |
| 2025-11-19 | 39.47x |
| 2025-11-18 | 40.65x |
| 2025-11-17 | 40.92x |
| 2025-11-14 | 40.60x |
| 2025-11-13 | 41.23x |
| 2025-11-12 | 41.40x |
| 2025-11-11 | 40.85x |
| 2025-11-10 | 39.76x |
| 2025-11-07 | 39.37x |
| 2025-11-06 | 39.45x |
| 2025-11-05 | 39.57x |
| 2025-11-04 | 40.65x |
| 2025-11-03 | 41.61x |
| 2025-10-31 | 42.36x |
| 2025-10-30 | 42.45x |
| 2025-10-29 | 43.04x |
| 2025-10-28 | 42.23x |
| 2025-10-27 | 42.52x |
| 2025-10-24 | 41.73x |
| 2025-10-23 | 43.59x |
| 2025-10-22 | 43.70x |
| 2025-10-21 | 44.60x |
| 2025-10-20 | 43.70x |
| 2025-10-17 | 43.43x |
| 2025-10-16 | 42.96x |
| 2025-10-15 | 43.42x |
| 2025-10-14 | 44.23x |
| 2025-10-13 | 44.79x |
| 2025-10-10 | 44.34x |
| 2025-10-09 | 43.57x |
| 2025-10-08 | 43.65x |
| 2025-10-07 | 44.02x |
| 2025-10-06 | 44.01x |
| 2025-10-03 | 44.03x |
| 2025-10-02 | 45.80x |
| 2025-10-01 | 45.36x |
| 2025-09-30 | 45.19x |
| 2025-09-29 | 47.21x |
| 2025-09-26 | 46.41x |
| 2025-09-25 | 46.16x |
| 2025-09-24 | 45.89x |
| 2025-09-23 | 46.57x |
| 2025-09-22 | 47.87x |
| 2025-09-19 | 47.63x |
| 2025-09-18 | 47.58x |
| 2025-09-17 | 45.80x |
| 2025-09-16 | 45.59x |
| 2025-09-15 | 45.52x |
| 2025-09-12 | 45.08x |
| 2025-09-11 | 44.68x |
| 2025-09-10 | 45.59x |
| 2025-09-09 | 46.59x |
| 2025-09-08 | 46.53x |
| 2025-09-05 | 45.80x |
| 2025-09-04 | 45.57x |
| 2025-09-03 | 45.14x |
| 2025-09-02 | 44.63x |
| 2025-08-29 | 44.12x |
Showing the most recent 260 of 2,123 data points. The chart above shows the full history.
