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EV / NTM FCF Multiples

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

Line chart showing the median EV / NTM FCF multiple over time from 2015 to 2024, comparing the FCF positive and <100x multiple median against the long-term average of 40.1x. The median multiple reaches a recent value of 18.9x.

LabelValue shown on the chart
LT Average40.1x
Latest FCF Positive & <100x Multiple Median18.9x

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