Microsoft price to free cash flow MSFT
Market value divided by free cash flow over the last twelve months, since 2010.
- Today, Oct 23, 2026
- 58.1×
- 9-year median
- 35.7×
- Against its 9-year history
- 99th
- percentile: 0 is its lowest day, 100 its highest
- 9-year range
- 17.8× to 59.3×
- Peer median
- 39.5×
Microsoft's price to free cash flow is 58.1× as of Oct 23, 2026.
That is above its 9-year median of 35.7×, higher than on 99% of days in the last 9 years.
Over that time it ranged from 17.8× in Aug 2017 to 59.3× in Oct 2026.
The median for 8 technology stocks of a similar size is 39.5×.
Price to free cash flow over time
The dashed line is the 9-year median and the shaded band the middle half of its days.
Year by year
| Year | End of year | Low | High |
|---|---|---|---|
| 2026 so far | 58.1× | 34.2× | 59.3× |
| 2025 | 46.5× | 38.2× | 55.0× |
| 2024 | 44.1× | 40.3× | 49.2× |
| 2023 | 44.2× | 26.5× | 44.7× |
| 2022 | 28.2× | 26.1× | 39.0× |
| 2021 | 41.8× | 32.7× | 42.6× |
| 2020 | 34.2× | 25.7× | 38.3× |
| 2019 | 31.4× | 24.5× | 32.2× |
| 2018 | 24.1× | 20.2× | 27.2× |
| 2017 | 20.4× | 17.8× | 20.7× |
| 2016 | 18.7× | 16.4× | 18.9× |
| 2015 | 19.0× | 12.2× | 19.2× |
| 2014 | 14.7× | 12.7× | 16.3× |
| 2013 | 13.2× | 7.7× | 13.5× |
| 2012 | 7.7× | 7.6× | 10.2× |
| 2011 | 8.7× | 8.2× | 10.2× |
| 2010 | 9.9× | 9.0× | 10.1× |
Against its peers
Companies in Technology nearest Microsoft's size, closest first, today.
| Company | Price to free cash flow |
|---|---|
| MSFTMicrosoft | 58.1× |
| AAPLApple | 37.1× |
| NVDANVIDIA | 40.0× |
| AVGOBroadcom | 39.0× |
| MUMicron Technology | 16.8× |
| AMDAdvanced Micro Devices | 100× |
| PLTRPalantir Technologies | 141× |
| INTCIntel | 155× |
| CSCOCisco Systems | 32.9× |
| Peer median | 39.5× |
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 Microsoft
Valuation data, not investment advice. Prices as of . Reported figures come from the company's filings with the SEC.