Graham price to free cash flow GHC

Market value divided by free cash flow over the last twelve months, since 2011.

Today, Oct 23, 2026: 20.7×
10-year median: 20.6×
Against its 10-year history: 50th; percentile: 0 is its lowest day, 100 its highest
10-year range: 8.2× to 248×
Peer median: 12.1×

Graham's price to free cash flow is 20.7× as of Oct 23, 2026.

That is above its ten-year median of 20.6×, close to the middle of its last ten years.

Over that time it ranged from 8.2× in Nov 2020 to 248× in Jan 2022.

The median for 9 education and Training Services stocks of a similar size is 12.1×.

Price to free cash flow over time

median 20.6×

The dashed line is the 10-year median and the shaded band the middle half of its days.

Open the interactive chart, with overlays and comparisons

Year by year

Year	End of year	Low	High
2026 so far	20.7×	12.8×	20.7×
2025	13.4×	9.6×	16.1×
2024	14.8×	14.1×	24.9×
2023	21.4×	17.7×	26.0×
2022	22.3×	22.0×	248×
2021	247×	10.6×	247×
2020	10.3×	8.2×	64.8×
2019	64.9×	18.8×	65.9×
2018	20.9×	11.7×	24.4×
2017	11.5×	11.3×	66.4×
2016	64.3×	35.2×	66.9×
2015	198×	25.1×	250×
2014	41.8×	8.7×	44.6×
2013	9.2×	6.8×	10.0×
2012	8.0×	7.4×	10.4×
2011	9.6×	5.0×	9.7×

Against its peers

Companies in Education & Training Services nearest Graham's size, closest first, today.

Company	Price to free cash flow
GHCGraham	20.7×
LAURLaureate Education	18.8×
CVSACovista	11.4×
LOPEGrand Canyon Education	17.5×
LRNStride	6.6×
PRDOPERDOCEO EDUCATION	9.7×
STRAStrategic Education	10.8×
UTIUniversal Technical Institute	n/m
APEIAmerican Public Education	12.7×
LINCLincoln Educational Services	28.0×
Peer median	12.1×

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 Graham

Valuation data, not investment advice. Prices as of Oct 23, 2026. Reported figures come from the company's filings with the SEC.