Ultralife price to free cash flow ULBI

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

Today, Oct 23, 2026: 49.8×
10-year median: 15.6×
Against its 10-year history: 85th; percentile: 0 is its lowest day, 100 its highest
10-year range: 4.1× to 482×
Peer median: 19.4×

Ultralife's price to free cash flow is 49.8× as of Oct 23, 2026.

That is above its ten-year median of 15.6×, higher than on 85% of days in the last ten years.

Over that time it ranged from 4.1× in Oct 2020 to 482× in Dec 2023.

The median for 4 industrial machinery stocks of a similar size is 19.4×.

Price to free cash flow over time

median 15.6×

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
2026 so far	49.8×	9.8×	61.6×
2025	10.7×	4.8×	10.7×
2024	8.9×	8.9×	458×
2023	482×	300×	482×
2022	51.6×	14.7×	60.2×
2021	18.8×	4.7×	19.5×
2020	5.1×	4.1×	18.4×
2019	29.4×	13.2×	30.6×
2018	12.4×	11.9×	61.8×
2017	15.6×	8.0×	40.2×
2016	35.9×	9.1×	35.9×
2015	11.4×	10.4×	34.3×
2014	10.6×	6.5×	14.6×
2013	12.3×	11.4×	54.4×
2012	37.9×	32.2×	37.9×

Against its peers

Companies in Industrial - Machinery nearest Ultralife's size, closest first, today.

Company	Price to free cash flow
ULBIUltralife	49.8×
PPIHPerma-Pipe International	17.2×
TWINTwin Disc	38.5×
LYTSLSI Industries	19.4×
GHMGraham	n/m
Peer median	19.4×

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 Ultralife

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