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EV / NTM FCF Multiples

EV / NTM FCF Multiples
Chart by Clouded Judgement (Altimeter). Source: cloudedjudgement.substack.com

This line chart tracks the EV / NTM FCF multiple median for FCF-positive companies with multiples under 100x from 2015 to 2026. It highlights a long-term average of 40.1x compared to the latest level of 16.6x.

LabelValue shown on the chart
LT Average40.1x
Latest FCF Positive & <100x Multiple Median16.6x

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