MSCI price to free cash flow MSCI
Market value divided by free cash flow over the last twelve months, since 2011.
- Today, Oct 23, 2026
- 28.0×
- 10-year median
- 34.3×
- Against its 10-year history
- 21st
- percentile: 0 is its lowest day, 100 its highest
- 10-year range
- 21.3× to 63.4×
- Peer median
- 19.8×
MSCI's price to free cash flow is 28.0× as of Oct 23, 2026.
That is below its ten-year median of 34.3×, lower than on 79% of days in the last ten years.
Over that time it ranged from 21.3× in Mar 2017 to 63.4× in Sep 2021.
The median for 10 financial data and exchange stocks of a similar size is 19.8×.
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 | 28.0× | 24.4× | 31.0× |
| 2025 | 29.8× | 26.8× | 33.9× |
| 2024 | 33.3× | 29.6× | 41.2× |
| 2023 | 39.3× | 32.2× | 43.4× |
| 2022 | 35.6× | 33.0× | 52.2× |
| 2021 | 57.7× | 41.2× | 63.4× |
| 2020 | 46.6× | 30.3× | 46.6× |
| 2019 | 36.4× | 23.3× | 37.3× |
| 2018 | 23.1× | 21.8× | 37.6× |
| 2017 | 30.5× | 21.3× | 31.1× |
| 2016 | 21.9× | 21.9× | 34.3× |
| 2015 | 24.9× | 22.2× | 28.5× |
| 2014 | 22.5× | 17.4× | 27.2× |
| 2013 | 20.0× | 12.0× | 20.4× |
| 2012 | 11.6× | 9.6× | 19.8× |
| 2011 | 18.5× | 17.6× | 21.2× |
Against its peers
Companies in Financial - Data & Stock Exchanges nearest MSCI's size, closest first, today.
| Company | Price to free cash flow |
|---|---|
| MSCIMSCI | 28.0× |
| COINCoinbase Global | n/m |
| CBOECboe Global Markets | 19.0× |
| NDAQNasdaq | 29.4× |
| MCOMoody's | 28.2× |
| ICEIntercontinental Exchange | 18.0× |
| CMECME | 26.1× |
| TRUTransUnion | 19.8× |
| SPGIS&P Global | 23.8× |
| SNEXStoneX | 1.8× |
| BGCBGC | 11.6× |
| Peer median | 19.8× |
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 MSCI
Valuation data, not investment advice. Prices as of . Reported figures come from the company's filings with the SEC.