Cheapest on Free Cash Flow: Communication Services
Communication Services value, measured in real cash
Updated October 11, 2026
Every sector trades at its own going rate for a dollar of free cash flow, so a market-wide “cheap” list mostly ranks sectors, not stocks. This slice asks the sharper question: which Communication Services names are cheap against their own peers’ price? The sector’s median multiple is 20.7× — everything here trades meaningfully below it. As on the main board, cheap can be earned (cyclical peaks, secular decline), so the multiple is where the work starts, not where it ends.
| # | Stock | P / FCF | FCF yield | Free cash flow (TTM) |
|---|---|---|---|---|
| 1 | CHTRCharter Communications, Inc.Telecommunications Services | 2.9× | 34.8% | $4.4B |
| Telecommunications Services — 2.9× free cash flow against a Communication Services median of 20.7×, a 34.8% cash yield on $4.4B generated. | ||||
| 2 | CMCSAComcast CorporationTelecommunications Services | 3.6× | 27.7% | $20.4B |
| Telecommunications Services — 3.6× free cash flow against a Communication Services median of 20.7×, a 27.7% cash yield on $20.4B generated. | ||||
| 3 | OMCOmnicom Group Inc.Advertising Agencies | 6.6× | 15.2% | $2.4B |
| Advertising Agencies — 6.6× free cash flow against a Communication Services median of 20.7×, a 15.2% cash yield on $2.4B generated. | ||||
| 4 | TTDThe Trade Desk, Inc.Advertising Agencies | 6.6× | 15.2% | $860M |
| Advertising Agencies — 6.6× free cash flow against a Communication Services median of 20.7×, a 15.2% cash yield on $860M generated. | ||||
| 5 | FOXAFox CorporationEntertainment | 7.6× | 13.2% | $3.6B |
| Entertainment — 7.6× free cash flow against a Communication Services median of 20.7×, a 13.2% cash yield on $3.6B generated. | ||||
| 6 | VZVerizon Communications Inc.Telecommunications Services | 8.1× | 12.3% | $21.4B |
| Telecommunications Services — 8.1× free cash flow against a Communication Services median of 20.7×, a 12.3% cash yield on $21.4B generated. | ||||
| 7 | TAT&T Inc.Telecommunications Services | 8.7× | 11.5% | $17.7B |
| Telecommunications Services — 8.7× free cash flow against a Communication Services median of 20.7×, a 11.5% cash yield on $17.7B generated. | ||||
| 8 | TMUST-Mobile US, Inc.Telecommunications Services | 10.2× | 9.8% | $15.8B |
| Telecommunications Services — 10.2× free cash flow against a Communication Services median of 20.7×, a 9.8% cash yield on $15.8B generated. | ||||
| 9 | FOXFox CorporationEntertainment | 13.5× | 7.4% | $1.5B |
| Entertainment — 13.5× free cash flow against a Communication Services median of 20.7×, a 7.4% cash yield on $1.5B generated. | ||||
| 10 | NWSNews CorporationEntertainment | 15.0× | 6.7% | $1.1B |
| Entertainment — 15.0× free cash flow against a Communication Services median of 20.7×, a 6.7% cash yield on $1.1B generated. | ||||
| 11 | NWSANews CorporationEntertainment | 15.1× | 6.6% | $1.1B |
| Entertainment — 15.1× free cash flow against a Communication Services median of 20.7×, a 6.6% cash yield on $1.1B generated. | ||||
| 12 | TKOTKO Group Holdings, Inc.Entertainment | 20.7× | 4.8% | $1.7B |
| Entertainment — 20.7× free cash flow against a Communication Services median of 20.7×, a 4.8% cash yield on $1.7B generated. | ||||
| 13 | DISThe Walt Disney CompanyEntertainment | 22.7× | 4.4% | $8.3B |
| Entertainment — 22.7× free cash flow against a Communication Services median of 20.7×, a 4.4% cash yield on $8.3B generated. | ||||
| 14 | PSKYParamount Skydance Corporation Class B Common StockEntertainment | 24.9× | 4.0% | $440M |
| Entertainment — 24.9× free cash flow against a Communication Services median of 20.7×, a 4.0% cash yield on $440M generated. | ||||
| 15 | EAElectronic Arts Inc.Electronic Gaming & Multimedia | 25.9× | 3.9% | $2.1B |
| Electronic Gaming & Multimedia — 25.9× free cash flow against a Communication Services median of 20.7×, a 3.9% cash yield on $2.1B generated. | ||||
| 16 | NFLXNetflix, Inc.Entertainment | 27.2× | 3.7% | $11.0B |
| Entertainment — 27.2× free cash flow against a Communication Services median of 20.7×, a 3.7% cash yield on $11.0B generated. | ||||
| 17 | LYVLive Nation Entertainment, Inc.Entertainment | 30.2× | 3.3% | $1.4B |
| Entertainment — 30.2× free cash flow against a Communication Services median of 20.7×, a 3.3% cash yield on $1.4B generated. | ||||
| 18 | DASHDoorDash, Inc.Internet Content & Information | 36.0× | 2.8% | $2.4B |
| Internet Content & Information — 36.0× free cash flow against a Communication Services median of 20.7×, a 2.8% cash yield on $2.4B generated. | ||||
| 19 | WBDWarner Bros. Discovery, Inc.Entertainment | 36.6× | 2.7% | $2.2B |
| Entertainment — 36.6× free cash flow against a Communication Services median of 20.7×, a 2.7% cash yield on $2.2B generated. | ||||
| 20 | METAMeta Platforms, Inc.Internet Content & Information | 45.0× | 2.2% | $41.0B |
| Internet Content & Information — 45.0× free cash flow against a Communication Services median of 20.7×, a 2.2% cash yield on $41.0B generated. | ||||
| 21 | GOOGAlphabet Inc.Internet Content & Information | 77.3× | 1.3% | $53.3B |
| Internet Content & Information — 77.3× free cash flow against a Communication Services median of 20.7×, a 1.3% cash yield on $53.3B generated. | ||||
| 22 | GOOGLAlphabet Inc.Internet Content & Information | 81.3× | 1.2% | $53.3B |
| Internet Content & Information — 81.3× free cash flow against a Communication Services median of 20.7×, a 1.2% cash yield on $53.3B generated. | ||||
| 23 | TTWOTake-Two Interactive Software, Inc.Electronic Gaming & Multimedia | 121.9× | 0.8% | $326M |
| Electronic Gaming & Multimedia — 121.9× free cash flow against a Communication Services median of 20.7×, a 0.8% cash yield on $326M generated. | ||||