COMMERCIAL METALS price to free cash flow CMC
Market value divided by free cash flow over the last twelve months, since 2012.
- Today, Oct 23, 2026
- 14.4×
- 10-year median
- 12.1×
- Against its 10-year history
- 57th
- percentile: 0 is its lowest day, 100 its highest
- 10-year range
- 2.9× to 212×
- Peer median
- 36.6×
COMMERCIAL METALS' price to free cash flow is 14.4× as of Oct 23, 2026.
That is above its ten-year median of 12.1×, close to the middle of its last ten years.
Over that time it ranged from 2.9× in Oct 2016 to 212× in Aug 2022.
The median for 7 steel stocks of a similar size is 36.6×.
Price to free cash flow over time
The dashed line is the 10-year median and the shaded band the middle half of its days.
Year by year
| Year | End of year | Low | High |
|---|---|---|---|
| 2026 so far | 14.4× | 14.4× | 31.1× |
| 2025 | 25.3× | 9.7× | 25.3× |
| 2024 | 9.9× | 7.6× | 12.7× |
| 2023 | 7.9× | 6.4× | 23.7× |
| 2022 | 22.6× | 19.3× | 212× |
| 2021 | 98.8× | 4.5× | 98.8× |
| 2020 | 4.1× | 3.4× | 6.8× |
| 2019 | n/m a value too high to mean anything | ||
| 2018 | 40.7× | 40.7× | 50.1× |
| 2017 | 29.8× | 6.2× | 29.9× |
| 2016 | 5.9× | 2.8× | 8.1× |
| 2015 | 8.2× | 8.2× | 54.3× |
| 2014 | 54.5× | 11.5× | 58.1× |
| 2013 | 40.9× | 22.0× | 135× |
| 2012 | 20.4× | 14.3× | 21.2× |
Against its peers
Companies in Steel nearest COMMERCIAL METALS' size, closest first, today.
| Company | Price to free cash flow |
|---|---|
| CMCCOMMERCIAL METALS | 14.4× |
| CRSCarpenter Technology | 38.9× |
| CSTMConstellium | 14.4× |
| WORWorthington Enterprises | 16.0× |
| RSReliance Steel & Aluminum | 39.3× |
| STLDSteel Dynamics | 36.2× |
| MTUSMetallus | n/m |
| NUENucor | 37.0× |
| Peer median | 36.6× |
What the price to free cash flow tells you
Market value divided by free cash flow: the cash left after running the business and paying for equipment. Cash is harder to manage than accounting earnings, so many investors trust this more than PE.
Lumpy: a big year of building factories drops cash flow and inflates the ratio without the business getting worse.
More on COMMERCIAL METALS
Valuation data, not investment advice. Prices as of . Reported figures come from the company's filings with the SEC.