P/FCF

$$\frac{\text{Market cap}}{\text{Free cash flow}}$$

Price-to-free-cash-flow. Cash-based valuation — harder to manipulate than P/E.

Direction: Lower better Category: valuation

Inputs (XBRL fallback chains):

• capex: PaymentsToAcquirePropertyPlantAndEquipment -> PaymentsToAcquireProductiveAssets
• operating_cash_flow: NetCashProvidedByUsedInOperatingActivities

Returns None when: Returns None when market cap or FCF components are missing or FCF ≤ 0.

Source code

Implementation: p_to_fcf in src/eqtytrk/metrics/ratios.py (or valuation.py for multiples).