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 21.13x is in line with its estimated 5-year average of 21.10x, around the middle of its estimated 5-year range (12.57x–31.38x).
As of 2026-09-16T00:16:04.259Z. 8.23% below its estimated 12-month average of 23.02x.
Calculation as of: 2026-09-16T00:16:04.259Z.
Quote observation: 2026-09-15T20:00:07.000Z. Amounts in USD. The price header may show a later quote.
FMP input reference: 87b5895944a8c2971d87dbfc9043cb8cee706e0aaa142bdcce8f25a38a1eeb2e
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
21.13x
EV/FCF RATIO AVG TTM
23.02x
EV/FCF RATIO AVG 3Y
20.12x
EV/FCF RATIO AVG 5Y
21.10x
EV/FCF RATIO AVG 10Y
26.53x
EV/FCF RATIO AVG 15Y
27.92x
EV/FCF RATIO AVG 20Y
N/A
CURRENT VS TTM AVG
-8.23%
CURRENT VS 3Y AVG
+5.04%
CURRENT VS 5Y AVG
+0.14%
CURRENT VS 10Y AVG
-20.35%
CURRENT VS 15Y AVG
-24.31%
CURRENT VS 20Y AVG
N/A
SECTOR MEDIAN · COMMUNICATION SERVICES
22.78x
median of 29 covered companies
CURRENT VS SECTOR MEDIAN
-7.24%
vs the sector median at left
Tencent Holdings Limited
Market Cap
$502.75B
EV/FCF Ratio
21.13x
TTM Avg
23.02x
3Y Avg
20.12x
5Y Avg
21.10x
Market Cap
$214.83B
EV/FCF Ratio
18.74x
TTM Avg
18.05x
3Y Avg
18.75x
5Y Avg
22.58x
Market Cap
$193.59B
EV/FCF Ratio
19.99x
TTM Avg
21.97x
3Y Avg
33.53x
5Y Avg
39.59x
Market Cap
$184.76B
EV/FCF Ratio
27.21x
TTM Avg
27.34x
3Y Avg
32.40x
5Y Avg
198.79x
Market Cap
$114.77B
EV/FCF Ratio
28.48x
TTM Avg
32.26x
3Y Avg
80.37x
5Y Avg
178.30x
Market Cap
$86.66B
EV/FCF Ratio
8.28x
TTM Avg
9.47x
3Y Avg
16.29x
5Y Avg
17.65x
| NAME | MARKET CAP | EV/FCF RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Tencent Holdings Limited (TCEHY) | $502.75B | 21.13x | 23.02x | 20.12x | 21.10x |
| Netflix, Inc. (NFLX)vs › | $324.37B | 29.98x | 41.39x | 47.78x | 210.93x |
| Verizon Communications Inc. (VZ)vs › | $214.83B | 18.74x | 18.05x | 18.75x | 22.58x |
| T-Mobile US, Inc. (TMUS)vs › | $193.59B | 19.99x | 21.97x | 33.53x | 39.59x |
| The Walt Disney Company (DIS)vs › | $184.76B | 27.21x | 27.34x | 32.40x | 198.79x |
| AT&T Inc. (T)vs › | $183.16B | 18.61x | 17.40x | 15.75x | 16.36x |
| Spotify Technology S.A. (SPOT)vs › | $114.77B | 28.48x | 32.26x | 80.37x | 178.30x |
| 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 |
EV/FCF
21.1x
P/FCF
19.6x
FCF Yield
5.09%
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 | 20.95x |
| 2026-09-10 | 20.72x |
| 2026-09-09 | 21.04x |
| 2026-09-08 | 21.24x |
| 2026-09-04 | 21.73x |
| 2026-09-03 | 21.46x |
| 2026-09-02 | 21.54x |
| 2026-09-01 | 21.54x |
| 2026-08-31 | 21.94x |
| 2026-08-28 | 22.21x |
| 2026-08-27 | 21.83x |
| 2026-08-26 | 21.68x |
| 2026-08-25 | 21.71x |
| 2026-08-24 | 21.90x |
| 2026-08-21 | 22.25x |
| 2026-08-20 | 21.93x |
| 2026-08-19 | 22.13x |
| 2026-08-18 | 21.65x |
| 2026-08-17 | 21.79x |
| 2026-08-14 | 21.69x |
| 2026-08-13 | 21.25x |
| 2026-08-12 | 21.61x |
| 2026-08-11 | 22.77x |
| 2026-08-10 | 23.49x |
| 2026-08-07 | 23.63x |
| 2026-08-06 | 23.20x |
| 2026-08-05 | 23.50x |
| 2026-08-04 | 23.94x |
| 2026-08-03 | 23.87x |
| 2026-07-31 | 23.46x |
| 2026-07-30 | 23.14x |
| 2026-07-29 | 22.66x |
| 2026-07-28 | 22.12x |
| 2026-07-27 | 21.93x |
| 2026-07-24 | 21.36x |
| 2026-07-23 | 21.28x |
| 2026-07-22 | 21.35x |
| 2026-07-21 | 22.63x |
| 2026-07-20 | 23.40x |
| 2026-07-17 | 22.61x |
| 2026-07-16 | 23.40x |
| 2026-07-15 | 23.39x |
| 2026-07-14 | 22.35x |
| 2026-07-13 | 22.23x |
| 2026-07-10 | 22.70x |
| 2026-07-09 | 22.85x |
| 2026-07-08 | 23.28x |
| 2026-07-07 | 22.55x |
| 2026-07-06 | 22.13x |
| 2026-07-02 | 21.28x |
| 2026-07-01 | 21.58x |
| 2026-06-30 | 16.60x |
| 2026-06-29 | 16.15x |
| 2026-06-26 | 16.04x |
| 2026-06-25 | 16.08x |
| 2026-06-24 | 16.54x |
| 2026-06-23 | 16.14x |
| 2026-06-22 | 16.62x |
| 2026-06-18 | 16.85x |
| 2026-06-17 | 16.74x |
| 2026-06-16 | 17.17x |
| 2026-06-15 | 17.62x |
| 2026-06-12 | 17.70x |
| 2026-06-11 | 17.73x |
| 2026-06-10 | 17.73x |
| 2026-06-09 | 17.29x |
| 2026-06-08 | 17.01x |
| 2026-06-05 | 17.09x |
| 2026-06-04 | 17.45x |
| 2026-06-03 | 17.43x |
| 2026-06-02 | 18.06x |
| 2026-06-01 | 16.62x |
| 2026-05-29 | 16.42x |
| 2026-05-28 | 16.43x |
| 2026-05-27 | 16.70x |
| 2026-05-26 | 16.86x |
| 2026-05-22 | 16.84x |
| 2026-05-21 | 17.05x |
| 2026-05-20 | 17.58x |
| 2026-05-19 | 17.57x |
| 2026-05-18 | 17.23x |
| 2026-05-15 | 17.58x |
| 2026-05-14 | 17.65x |
| 2026-05-13 | 18.28x |
| 2026-05-12 | 17.48x |
| 2026-05-11 | 17.82x |
| 2026-05-08 | 17.91x |
| 2026-05-07 | 18.16x |
| 2026-05-06 | 18.19x |
| 2026-05-05 | 18.06x |
| 2026-05-04 | 18.09x |
| 2026-05-01 | 18.31x |
| 2026-04-30 | 18.26x |
| 2026-04-29 | 18.04x |
| 2026-04-28 | 18.12x |
| 2026-04-27 | 18.26x |
| 2026-04-24 | 18.70x |
| 2026-04-23 | 18.60x |
| 2026-04-22 | 19.24x |
| 2026-04-21 | 19.42x |
| 2026-04-20 | 19.91x |
| 2026-04-17 | 19.88x |
| 2026-04-16 | 19.65x |
| 2026-04-15 | 19.18x |
| 2026-04-14 | 19.03x |
| 2026-04-13 | 19.00x |
| 2026-04-10 | 19.10x |
| 2026-04-09 | 19.36x |
| 2026-04-08 | 19.33x |
| 2026-04-07 | 18.68x |
| 2026-04-06 | 18.65x |
| 2026-04-02 | 18.61x |
| 2026-04-01 | 18.97x |
| 2026-03-31 | 20.67x |
| 2026-03-30 | 20.00x |
| 2026-03-27 | 20.35x |
| 2026-03-26 | 20.52x |
| 2026-03-25 | 21.02x |
| 2026-03-24 | 21.25x |
| 2026-03-23 | 21.08x |
| 2026-03-20 | 20.76x |
| 2026-03-19 | 21.17x |
| 2026-03-18 | 21.53x |
| 2026-03-17 | 22.51x |
| 2026-03-16 | 23.33x |
| 2026-03-13 | 22.74x |
| 2026-03-12 | 22.50x |
| 2026-03-11 | 23.11x |
| 2026-03-10 | 23.97x |
| 2026-03-09 | 21.83x |
| 2026-03-06 | 21.35x |
| 2026-03-05 | 20.94x |
| 2026-03-04 | 21.26x |
| 2026-03-03 | 21.04x |
| 2026-03-02 | 21.39x |
| 2026-02-27 | 21.43x |
| 2026-02-26 | 21.40x |
| 2026-02-25 | 21.80x |
| 2026-02-24 | 21.82x |
| 2026-02-23 | 22.13x |
| 2026-02-20 | 22.15x |
| 2026-02-19 | 22.18x |
| 2026-02-18 | 22.24x |
| 2026-02-17 | 22.10x |
| 2026-02-13 | 22.23x |
| 2026-02-12 | 21.95x |
| 2026-02-11 | 22.60x |
| 2026-02-10 | 22.97x |
| 2026-02-09 | 23.31x |
| 2026-02-06 | 23.21x |
| 2026-02-05 | 22.71x |
| 2026-02-04 | 22.97x |
| 2026-02-03 | 23.90x |
| 2026-02-02 | 24.68x |
| 2026-01-30 | 24.72x |
| 2026-01-29 | 25.63x |
| 2026-01-28 | 25.41x |
| 2026-01-27 | 25.24x |
| 2026-01-26 | 24.92x |
| 2026-01-23 | 24.82x |
| 2026-01-22 | 24.70x |
| 2026-01-21 | 24.89x |
| 2026-01-20 | 24.62x |
| 2026-01-16 | 25.40x |
| 2026-01-15 | 25.89x |
| 2026-01-14 | 26.18x |
| 2026-01-13 | 25.86x |
| 2026-01-12 | 26.57x |
| 2026-01-09 | 25.51x |
| 2026-01-08 | 25.51x |
| 2026-01-07 | 25.71x |
| 2026-01-06 | 26.14x |
| 2026-01-05 | 26.16x |
| 2026-01-02 | 26.00x |
| 2025-12-31 | 25.60x |
| 2025-12-30 | 25.76x |
| 2025-12-29 | 25.73x |
| 2025-12-26 | 26.09x |
| 2025-12-24 | 25.88x |
| 2025-12-23 | 25.93x |
| 2025-12-22 | 26.36x |
| 2025-12-19 | 26.32x |
| 2025-12-18 | 25.93x |
| 2025-12-17 | 25.59x |
| 2025-12-16 | 25.74x |
| 2025-12-15 | 25.79x |
| 2025-12-12 | 26.00x |
| 2025-12-11 | 25.95x |
| 2025-12-10 | 25.85x |
| 2025-12-09 | 25.84x |
| 2025-12-08 | 25.99x |
| 2025-12-05 | 26.12x |
| 2025-12-04 | 26.10x |
| 2025-12-03 | 26.22x |
| 2025-12-02 | 26.43x |
| 2025-12-01 | 26.64x |
| 2025-11-28 | 26.39x |
| 2025-11-26 | 26.36x |
| 2025-11-25 | 26.70x |
| 2025-11-24 | 26.96x |
| 2025-11-21 | 26.39x |
| 2025-11-20 | 26.01x |
| 2025-11-19 | 26.56x |
| 2025-11-18 | 26.75x |
| 2025-11-17 | 27.00x |
| 2025-11-14 | 27.30x |
| 2025-11-13 | 27.76x |
| 2025-11-12 | 27.97x |
| 2025-11-11 | 27.90x |
| 2025-11-10 | 27.84x |
| 2025-11-07 | 27.17x |
| 2025-11-06 | 27.46x |
| 2025-11-05 | 27.12x |
| 2025-11-04 | 26.78x |
| 2025-11-03 | 26.90x |
| 2025-10-31 | 27.14x |
| 2025-10-30 | 27.81x |
| 2025-10-29 | 28.07x |
| 2025-10-28 | 27.92x |
| 2025-10-27 | 28.19x |
| 2025-10-24 | 27.39x |
| 2025-10-23 | 27.28x |
| 2025-10-22 | 26.68x |
| 2025-10-21 | 26.95x |
| 2025-10-20 | 27.25x |
| 2025-10-17 | 26.77x |
| 2025-10-16 | 26.60x |
| 2025-10-15 | 26.78x |
| 2025-10-14 | 26.78x |
| 2025-10-13 | 27.22x |
| 2025-10-10 | 26.69x |
| 2025-10-09 | 28.41x |
| 2025-10-08 | 28.88x |
| 2025-10-07 | 28.65x |
| 2025-10-06 | 29.04x |
| 2025-10-03 | 28.77x |
| 2025-10-02 | 28.79x |
| 2025-10-01 | 28.54x |
| 2025-09-30 | 31.38x |
| 2025-09-29 | 31.32x |
| 2025-09-26 | 30.75x |
| 2025-09-25 | 30.72x |
| 2025-09-24 | 30.51x |
| 2025-09-23 | 30.09x |
| 2025-09-22 | 30.53x |
| 2025-09-19 | 30.39x |
| 2025-09-18 | 30.49x |
| 2025-09-17 | 31.34x |
| 2025-09-16 | 30.91x |
| 2025-09-15 | 30.58x |
| 2025-09-12 | 30.37x |
| 2025-09-11 | 30.29x |
| 2025-09-10 | 29.77x |
| 2025-09-09 | 29.96x |
| 2025-09-08 | 29.34x |
| 2025-09-05 | 28.73x |
| 2025-09-04 | 28.21x |
| 2025-09-03 | 28.52x |
| 2025-09-02 | 28.59x |
| 2025-08-29 | 28.70x |
Showing the most recent 260 of 3,694 data points. The chart above shows the full history.
