INNOVATE price to free cash flow VATE

Market value divided by free cash flow over the last twelve months, since 2014.

Today, Oct 23, 2026: 0.5×
10-year median: 2.3×
Against its 10-year history: 14th; percentile: 0 is its lowest day, 100 its highest
10-year range: 0.2× to 102×
Peer median: 15.7×

INNOVATE's price to free cash flow is 0.5× as of Oct 23, 2026.

That is below its ten-year median of 2.3×, lower than on 86% of days in the last ten years.

Over that time it ranged from 0.2× in Aug 2019 to 102× in Mar 2022.

The median for 7 manufacturing metal fabrication stocks of a similar size is 15.7×.

Price to free cash flow over time

median 2.3×

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	0.5×	0.4×	1.3×
2025	0.8×	0.8×	40.9×
2024	5.6×	0.7×	8.8×
2023	10.0×	8.5×	10.0×
2022	81.3×	81.3×	102×
2021	13.5×	2.6×	13.5×
2020	2.5×	0.4×	2.8×
2019	0.4×	0.2×	2.4×
2018	1.7×	1.7×	9.7×
2017	9.0×	3.6×	16.1×
2016	8.3×	3.3×	19.9×
2015	9.7×	8.7×	144×
2014	131×	107×	131×

Against its peers

Companies in Manufacturing - Metal Fabrication nearest INNOVATE's size, closest first, today.

Company	Price to free cash flow
VATEINNOVATE	0.5×
LCUTLifetime Brands	9.3×
ACUAcme United	15.7×
OFLXOmega Flex	23.0×
TGTredegar	11.3×
CIXCompx International	21.0×
JBIJanus International	7.4×
PKOHPark Ohio	30.3×
Peer median	15.7×

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 INNOVATE

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