Icahn Enterprises price to free cash flow IEP

Market value divided by free cash flow over the last twelve months, since 2012.

Today, Oct 23, 2026: n/m; not a meaningful number
Last meaningful: 8.2×; Aug 2025
10-year median: 9.9×
10-year range: 2.1× to 133×
Peer median: 12.2×

Icahn Enterprises' price to free cash flow is not a meaningful number today: free cash flow over the last twelve months was zero, negative or not reported.

It was last meaningful in Aug 2025, at 8.2×.

On the days it had one over the last ten years, its median was 9.9×, from 2.1× in Apr 2024 to 133× in Aug 2021.

Price to free cash flow over time

median 9.9×

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
2025	8.2×	7.4×	12.9×
2024	11.0×	2.1×	15.4×
2023	6.7×	5.4×	111×
2022	5.2×	5.2×	6.7×
2021	131×	13.9×	133×
2020	12.8×	12.5×	13.2×
2019	13.4×	12.3×	22.3×
2018	n/m a value too high to mean anything
2017	9.9×	9.0×	14.2×
2016	13.7×	10.9×	24.7×
2015	n/m a value too high to mean anything
2014	n/m a value too high to mean anything
2013	10.7×	6.9×	11.0×
2012	5.7×	2.0×	5.7×

Against its peers

Companies in Oil & Gas Integrated nearest Icahn Enterprises' size, closest first, today.

Company	Price to free cash flow
IEPIcahn Enterprises	n/m
DKDelek US	6.7×
CVICVR Energy	16.7×
PBFPBF Energy	12.2×
Peer median	12.2×

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 Icahn Enterprises

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