Cheapest on Free Cash Flow
Value without the accounting games of P/E
Updated October 11, 2026
Price-to-earnings can be massaged — depreciation schedules, one-time charges, and non-cash items all bend reported profit. Free cash flow is harder to fake: it’s the actual money left after a company runs and reinvests in itself. Price-to-FCF asks the cleanest value question there is — how many years of real cash generation are you paying for?
A low multiple here is the inverse of a high free-cash-flow yield: these names throw off a lot of cash relative to their price. Some are cheap for good reason — cyclicals at a peak, businesses in decline — so the multiple is a starting point, not a verdict. But it’s where cash-flow value hunting begins. (Banks, insurers, and REITs are left out — free cash flow doesn’t mean the same thing for a balance-sheet business.)
| # | Stock | P / FCF | FCF yield | Free cash flow (TTM) |
|---|---|---|---|---|
| 1 | CHTRCharter Communications, Inc.Telecommunications Services | 2.9× | 34.8% | $4.4B |
| Telecommunications Services — priced at 2.9× its free cash flow, a 34.8% free-cash-flow yield on $4.4B of cash generated. | ||||
| 2 | CMCSAComcast CorporationTelecommunications Services | 3.6× | 27.7% | $20.4B |
| Telecommunications Services — priced at 3.6× its free cash flow, a 27.7% free-cash-flow yield on $20.4B of cash generated. | ||||
| 3 | CNCCentene CorporationMedical - Healthcare Plans | 3.6× | 27.6% | $9.0B |
| Medical - Healthcare Plans — priced at 3.6× its free cash flow, a 27.6% free-cash-flow yield on $9.0B of cash generated. | ||||
| 4 | MGMMGM Resorts InternationalGambling, Resorts & Casinos | 4.5× | 22.2% | $1.7B |
| Gambling, Resorts & Casinos — priced at 4.5× its free cash flow, a 22.2% free-cash-flow yield on $1.7B of cash generated. | ||||
| 5 | GMGeneral Motors CompanyAuto - Manufacturers | 4.6× | 21.7% | $16.5B |
| Auto - Manufacturers — priced at 4.6× its free cash flow, a 21.7% free-cash-flow yield on $16.5B of cash generated. | ||||
| 6 | LYBLyondellBasell Industries N.V.Chemicals | 4.9× | 20.6% | $4.0B |
| Chemicals — priced at 4.9× its free cash flow, a 20.6% free-cash-flow yield on $4.0B of cash generated. | ||||
| 7 | TAPMolson Coors Beverage CompanyBeverages - Alcoholic | 5.3× | 19.0% | $1.3B |
| Beverages - Alcoholic — priced at 5.3× its free cash flow, a 19.0% free-cash-flow yield on $1.3B of cash generated. | ||||
| 8 | FISVFiserv, Inc.Information Technology Services | 6.2× | 16.1% | $3.9B |
| Information Technology Services — priced at 6.2× its free cash flow, a 16.1% free-cash-flow yield on $3.9B of cash generated. | ||||
| 9 | FISFidelity National Information Services, Inc.Information Technology Services | 6.5× | 15.4% | $2.7B |
| Information Technology Services — priced at 6.5× its free cash flow, a 15.4% free-cash-flow yield on $2.7B of cash generated. | ||||
| 10 | OMCOmnicom Group Inc.Advertising Agencies | 6.6× | 15.2% | $2.4B |
| Advertising Agencies — priced at 6.6× its free cash flow, a 15.2% free-cash-flow yield on $2.4B of cash generated. | ||||
| 11 | TTDThe Trade Desk, Inc.Advertising Agencies | 6.6× | 15.2% | $860M |
| Advertising Agencies — priced at 6.6× its free cash flow, a 15.2% free-cash-flow yield on $860M of cash generated. | ||||
| 12 | FFord Motor CompanyAuto - Manufacturers | 6.7× | 15.0% | $7.3B |
| Auto - Manufacturers — priced at 6.7× its free cash flow, a 15.0% free-cash-flow yield on $7.3B of cash generated. | ||||
| 13 | EXPEExpedia Group, Inc.Travel Services | 6.7× | 14.9% | $5.0B |
| Travel Services — priced at 6.7× its free cash flow, a 14.9% free-cash-flow yield on $5.0B of cash generated. | ||||
| 14 | KHCThe Kraft Heinz CompanyPackaged Foods | 6.9× | 14.4% | $3.8B |
| Packaged Foods — priced at 6.9× its free cash flow, a 14.4% free-cash-flow yield on $3.8B of cash generated. | ||||
| 15 | LDOSLeidos Holdings, Inc.Information Technology Services | 7.1× | 14.0% | $2.2B |
| Information Technology Services — priced at 7.1× its free cash flow, a 14.0% free-cash-flow yield on $2.2B of cash generated. | ||||
| 16 | HPQHP Inc.Computer Hardware | 7.2× | 13.9% | $3.9B |
| Computer Hardware — priced at 7.2× its free cash flow, a 13.9% free-cash-flow yield on $3.9B of cash generated. | ||||
| 17 | DVADaVita Inc.Medical - Care Facilities | 7.4× | 13.6% | $1.6B |
| Medical - Care Facilities — priced at 7.4× its free cash flow, a 13.6% free-cash-flow yield on $1.6B of cash generated. | ||||
| 18 | CAGConagra Brands, Inc.Packaged Foods | 7.4× | 13.5% | $877M |
| Packaged Foods — priced at 7.4× its free cash flow, a 13.5% free-cash-flow yield on $877M of cash generated. | ||||
| 19 | AEPAmerican Electric Power Company, Inc.Regulated Electric | 7.5× | 13.2% | $9.0B |
| Regulated Electric — priced at 7.5× its free cash flow, a 13.2% free-cash-flow yield on $9.0B of cash generated. | ||||
| 20 | FOXAFox CorporationEntertainment | 7.6× | 13.2% | $3.6B |
| Entertainment — priced at 7.6× its free cash flow, a 13.2% free-cash-flow yield on $3.6B of cash generated. | ||||
| 21 | APAAPA CorporationOil & Gas Exploration & Production | 7.7× | 13.0% | $2.1B |
| Oil & Gas Exploration & Production — priced at 7.7× its free cash flow, a 13.0% free-cash-flow yield on $2.1B of cash generated. | ||||
| 22 | EDConsolidated Edison, Inc.Regulated Electric | 7.7× | 12.9% | $5.1B |
| Regulated Electric — priced at 7.7× its free cash flow, a 12.9% free-cash-flow yield on $5.1B of cash generated. | ||||
| 23 | LULULululemon Athletica Inc.Apparel - Retail | 7.9× | 12.7% | $1.4B |
| Apparel - Retail — priced at 7.9× its free cash flow, a 12.7% free-cash-flow yield on $1.4B of cash generated. | ||||
| 24 | GDDYGoDaddy Inc.Software - Infrastructure | 8.0× | 12.5% | $1.7B |
| Software - Infrastructure — priced at 8.0× its free cash flow, a 12.5% free-cash-flow yield on $1.7B of cash generated. | ||||
| 25 | SJMThe J. M. Smucker CompanyPackaged Foods | 8.1× | 12.4% | $1.6B |
| Packaged Foods — priced at 8.1× its free cash flow, a 12.4% free-cash-flow yield on $1.6B of cash generated. | ||||