Victory Capital price to free cash flow VCTR

Market value divided by free cash flow over the last twelve months, since 2018.

Today, Oct 23, 2026: 11.7×
8-year median: 7.6×
Against its 8-year history: 80th; percentile: 0 is its lowest day, 100 its highest
8-year range: 3.7× to 18.2×
Peer median: 12.4×

Victory Capital's price to free cash flow is 11.7× as of Oct 23, 2026.

That is above its 8-year median of 7.6×, higher than on 80% of days in the last 8 years.

Over that time it ranged from 3.7× in May 2020 to 18.2× in Aug 2025.

The median for 10 asset managers of a similar size is 12.4×.

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	11.7×	10.6×	14.9×
2025	12.7×	9.7×	18.2×
2024	12.6×	7.4×	13.2×
2023	7.7×	5.1×	7.7×
2022	4.9×	4.3×	7.3×
2021	7.7×	6.1×	10.1×
2020	7.2×	3.7×	7.8×
2019	7.1×	5.4×	10.5×
2018	4.8×	4.6×	6.3×

Against its peers

Companies in Asset Management nearest Victory Capital's size, closest first, today.

Company	Price to free cash flow
VCTRVictory Capital	11.7×
DLBDolby Laboratories	15.0×
MORNMorningstar	17.0×
IDCCInterDigital	15.2×
HLIHoulihan Lokey	18.9×
HASIHA Sustainable Infrastructure Capital	n/m
HLNEHamilton Lane INC	12.4×
EVREvercore	6.0×
AMGAffiliated Managers	9.3×
MCMoelis	9.8×
FHIFederated Hermes	11.6×
Peer median	12.4×

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 Victory Capital

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