A stock's most recent price divided by the cash flow per share of the latest fiscal year.
For international stocks, price/cash flow can be a more meaningful figure than price/earnings. Because earnings are calculated in a variety of ways worldwide, price/cash flow minimizes accounting differences and provides a more consistent standard of valuation. The company’s price is received from ComStock, a division of Interactive Data Corporation. Cash-flow information is found on its annual cash-flow statement.