Tucows price to free cash flow TCX

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: 419×; Feb 2021
10-year median: 51.6×
10-year range: 23.8× to 476×
Peer median: 16.1×

Tucows' 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 Feb 2021, at 419×.

On the days it had one over the last ten years, its median was 51.6×, from 23.8× in Nov 2016 to 476× in Feb 2021.

Price to free cash flow over time

median 51.6×

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
2021	419×	383×	476×
2020	392×	308×	414×
2019	394×	36.6×	410×
2018	36.5×	24.8×	49.1×
2017	55.8×	35.9×	79.9×
2016	39.7×	16.2×	40.2×
2015	18.0×	17.5×	31.2×
2014	31.6×	16.8×	32.7×
2013	17.8×	10.9×	21.3×
2012	10.4×	7.7×	11.6×

Against its peers

Companies in Software - Application nearest Tucows' size, closest first, today.

Company	Price to free cash flow
TCXTucows	n/m
TRAKReposiTrak	16.2×
ALISCalisa Acquisition	n/m
EGHT8X8	5.4×
TZOOTravelzoo	16.1×
ZIPZiprecruiter	17.9×
OOMAOoma	18.0×
CARSCars.com	3.9×
IBEXIBEX	20.1×
NRDSNerdwallet	4.3×
MNTNMNTN	n/m
Peer median	16.1×

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 Tucows

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