Target Hospitality price to free cash flow TH

Market value divided by free cash flow over the last twelve months, since 2020.

Today, Oct 23, 2026: 8.4×
7-year median: 5.8×
Against its 7-year history: 77th; percentile: 0 is its lowest day, 100 its highest
7-year range: 1.3× to 54.0×
Peer median: 13.1×

Target Hospitality's price to free cash flow is 8.4× as of Oct 23, 2026.

That is above its 7-year median of 5.8×, higher than on 77% of days in the last 7 years.

Over that time it ranged from 1.3× in Oct 2020 to 54.0× in Aug 2022.

The median for 9 hotel stocks of a similar size is 13.1×.

Price to free cash flow over time

Open the interactive chart, with overlays and comparisons

Year by year

Year	End of year	Low	High
2026 so far	8.4×	6.8×	26.4×
2025	8.6×	3.5×	11.9×
2024	6.1×	4.0×	7.3×
2023	6.1×	3.7×	7.2×
2022	6.1×	2.6×	54.0×
2021	3.1×	2.9×	15.1×
2020	3.6×	1.3×	4.2×

Against its peers

Companies in Travel Lodging nearest Target Hospitality's size, closest first, today.

Company	Price to free cash flow
THTarget Hospitality	8.4×
MCRIMonarch Casino & Resort	13.1×
SHOSunstone Hotel Investors	23.7×
HGVHilton Grand Vacations	6.8×
TNLTravel & Leisure	9.0×
CHHChoice Hotels International	31.9×
RRRRed Rock Resorts	27.0×
WHWyndham Hotels & Resorts	16.0×
MGMMGM Resorts International	4.7×
WYNNWynn Resorts	9.5×
Peer median	13.1×

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 Target Hospitality

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