RY FCF Yield: current value, 10-year range and year-by-year history
Cash & Leverage
RY's fcf yield is lower than 65% of the last 10 years.
FCF Yield History
RY FCF Yield by year
Yearly range of RY’s fcf yield from 2016 to 2026. Over the full period it ranged from -11.4% to 114.4%, averaging 24.9%.
| Year | Low | Average | High | Year-end |
|---|---|---|---|---|
| 2026 | 15.4% | 22.7% | 28.6% | 15.9% |
| 2025 | 8.2% | 25.0% | 33.9% | 16.1% |
| 2024 | -11.4% | -0.5% | 12.7% | 8.5% |
| 2023 | 10.3% | 17.6% | 22.6% | 12.4% |
| 2022 | 10.4% | 19.0% | 30.2% | 11.0% |
| 2021 | 24.8% | 48.1% | 98.9% | 30.7% |
| 2020 | 7.8% | 71.8% | 114.4% | 91.3% |
| 2019 | -3.6% | 4.5% | 11.6% | 8.1% |
| 2018 | 10.9% | 19.6% | 30.0% | 11.5% |
| 2017 | 18.0% | 22.8% | 29.0% | 23.0% |
| 2016 | 14.6% | 17.6% | 21.2% | 19.2% |
Free cash flow generated divided by market capitalisation. Often more reliable than earnings yield because it reflects actual cash — harder to inflate through accounting choices.
Free Cash Flow / Market Cap × 100%Think of it as the "cash earnings yield" on your investment. High FCF yield vs history suggests the market may be undervaluing the company's real cash generation ability.
- FCF can be lumpy year-to-year due to irregular capex or working capital swings. Look at 3–5 year trends, not single-year readings.
- Businesses intentionally reinvesting for growth will show low or negative FCF yield by design — this metric is less useful for high-growth phase companies.
Is RY FCF Yield High or Low Right Now?
Royal Bank of Canada's FCF Yield is currently 15.9%, which is below average relative to its 10-year historical range. The 10-year median FCF Yield for RY is approximately 19.8%. See all RY valuation metrics →
Unlock 10y, 15y, 20y, and 30y history with peer comparison and CSV export.