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Harmonic price to free cash flow HLIT

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

Today, Oct 23, 2026
n/m
a sliver of free cash flow
Last meaningful
33.2×
Aug 2026
8-year median
35.6×
8-year range
7.5× to 268×
Peer median
29.0×

Harmonic's price to free cash flow is not a meaningful number today: a multiple this high rests on a sliver of free cash flow.

It was last meaningful in Aug 2026, at 33.2×.

On the days it had one over the last 8 years, its median was 35.6×, from 7.5× in Nov 2025 to 268× in Oct 2022.

Price to free cash flow over time

The dashed line is the 8-year median and the shaded band the middle half of its days.

Open the interactive chart, with overlays and comparisons

Year by year

YearEnd of yearLowHigh
2026 so far33.2×8.1×36.3×
20258.4×7.5×157×
2024155×65.3×155×
2023117×40.9×117×
2022239×16.0×268×
202120.6×18.5×123×
202066.6×22.6×79.3×
201940.2×28.6×97.1×
201852.6×52.1×67.6×
2017n/m a value too high to mean anything
201616.7×15.7×17.9×
201521.1×16.3×28.9×
201419.0×9.9×19.0×
201318.0×9.8×20.1×
20129.5×7.9×39.3×
201131.0×28.5×35.1×

Against its peers

Companies in Communication Equipment nearest Harmonic's size, closest first, today.

CompanyPrice to free cash flow
HLITHarmonicn/m
NSSCNapco Security Technologies23.4×
ATENA10 Networks30.3×
DGIIDigi International20.9×
EXTRExtreme Networks30.1×
ONDSOndasn/m
BKTIBK Technologies12.8×
AVNWAviat Networks40.3×
ESEEsco Technologies29.0×
Peer median29.0×

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 Harmonic

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