Workday price to free cash flow WDAY

Market value divided by free cash flow over the last twelve months, since 2015.

Today, Oct 23, 2026: 17.8×
10-year median: 44.4×
Against its 10-year history: 7th; percentile: 0 is its lowest day, 100 its highest
10-year range: 9.7× to 148×
Peer median: 18.6×

Workday's price to free cash flow is 17.8× as of Oct 23, 2026.

That is below its ten-year median of 44.4×, lower than on 93% of days in the last ten years.

Over that time it ranged from 9.7× in Jun 2026 to 148× in Feb 2019.

The median for 10 application software stocks of a similar size is 18.6×.

Price to free cash flow over time

median 44.4×

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	17.8×	9.7×	21.1×
2025	22.5×	21.9×	33.5×
2024	32.8×	25.7×	43.7×
2023	39.4×	26.3×	41.2×
2022	27.3×	21.6×	44.9×
2021	48.2×	43.0×	61.2×
2020	52.1×	35.2×	78.5×
2019	66.1×	63.6×	148×
2018	121×	73.8×	123×
2017	68.7×	67.9×	97.7×
2016	64.1×	64.1×	179×
2015	195×	177×	321×

Against its peers

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

Company	Price to free cash flow
WDAYWorkday	17.8×
VEEVVeeva Systems	n/m
ADSKAutodesk	18.6×
MSTRStrategy	n/m
TEAMAtlassian	43.7×
ROPRoper Technologies	16.5×
APPAppLovin	n/m
CDNSCadence Design Systems	51.9×
ZMZoom Communications	14.5×
INTUIntuit	10.6×
DDOGDatadog	81.9×
Peer median	18.6×

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 Workday

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