Cheapest on Free Cash Flow: Consumer Cyclical
Consumer Cyclical 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 Consumer Cyclical names are cheap against their own peers’ price? The sector’s median multiple is 19.2× — 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 | MGMMGM Resorts InternationalGambling, Resorts & Casinos | 4.5× | 22.2% | $1.7B |
| Gambling, Resorts & Casinos — 4.5× free cash flow against a Consumer Cyclical median of 19.2×, a 22.2% cash yield on $1.7B generated. | ||||
| 2 | GMGeneral Motors CompanyAuto - Manufacturers | 4.6× | 21.7% | $16.5B |
| Auto - Manufacturers — 4.6× free cash flow against a Consumer Cyclical median of 19.2×, a 21.7% cash yield on $16.5B generated. | ||||
| 3 | FFord Motor CompanyAuto - Manufacturers | 6.7× | 15.0% | $7.3B |
| Auto - Manufacturers — 6.7× free cash flow against a Consumer Cyclical median of 19.2×, a 15.0% cash yield on $7.3B generated. | ||||
| 4 | EXPEExpedia Group, Inc.Travel Services | 6.7× | 14.9% | $5.0B |
| Travel Services — 6.7× free cash flow against a Consumer Cyclical median of 19.2×, a 14.9% cash yield on $5.0B generated. | ||||
| 5 | LULULululemon Athletica Inc.Apparel - Retail | 7.9× | 12.7% | $1.4B |
| Apparel - Retail — 7.9× free cash flow against a Consumer Cyclical median of 19.2×, a 12.7% cash yield on $1.4B generated. | ||||
| 6 | APTVAptiv PLCAuto - Parts | 8.3× | 12.1% | $1.1B |
| Auto - Parts — 8.3× free cash flow against a Consumer Cyclical median of 19.2×, a 12.1% cash yield on $1.1B generated. | ||||
| 7 | LVSLas Vegas Sands Corp.Gambling, Resorts & Casinos | 8.6× | 11.6% | $2.8B |
| Gambling, Resorts & Casinos — 8.6× free cash flow against a Consumer Cyclical median of 19.2×, a 11.6% cash yield on $2.8B generated. | ||||
| 8 | MASMasco CorporationFurnishings, Fixtures & Appliances | 9.4× | 10.6% | $1.5B |
| Furnishings, Fixtures & Appliances — 9.4× free cash flow against a Consumer Cyclical median of 19.2×, a 10.6% cash yield on $1.5B generated. | ||||
| 9 | WYNNWynn Resorts, LimitedGambling, Resorts & Casinos | 9.8× | 10.2% | $792M |
| Gambling, Resorts & Casinos — 9.8× free cash flow against a Consumer Cyclical median of 19.2×, a 10.2% cash yield on $792M generated. | ||||
| 10 | DECKDeckers Outdoor CorporationApparel - Footwear & Accessories | 9.8× | 10.2% | $1.2B |
| Apparel - Footwear & Accessories — 9.8× free cash flow against a Consumer Cyclical median of 19.2×, a 10.2% cash yield on $1.2B generated. | ||||
| 11 | BBYBest Buy Co., Inc.Specialty Retail | 10.5× | 9.6% | $1.8B |
| Specialty Retail — 10.5× free cash flow against a Consumer Cyclical median of 19.2×, a 9.6% cash yield on $1.8B generated. | ||||
| 12 | HASHasbro, Inc.Leisure | 11.0× | 9.1% | $1.2B |
| Leisure — 11.0× free cash flow against a Consumer Cyclical median of 19.2×, a 9.1% cash yield on $1.2B generated. | ||||
| 13 | CCLCarnival Corporation & plcLeisure | 11.3× | 8.8% | $3.2B |
| Leisure — 11.3× free cash flow against a Consumer Cyclical median of 19.2×, a 8.8% cash yield on $3.2B generated. | ||||
| 14 | AMCRAmcor plcPackaging & Containers | 11.5× | 8.7% | $1.7B |
| Packaging & Containers — 11.5× free cash flow against a Consumer Cyclical median of 19.2×, a 8.7% cash yield on $1.7B generated. | ||||
| 15 | DHID.R. Horton, Inc.Residential Construction | 11.8× | 8.5% | $3.3B |
| Residential Construction — 11.8× free cash flow against a Consumer Cyclical median of 19.2×, a 8.5% cash yield on $3.3B generated. | ||||
| 16 | AVYAvery Dennison CorporationPackaging & Containers | 12.1× | 8.3% | $1.1B |
| Packaging & Containers — 12.1× free cash flow against a Consumer Cyclical median of 19.2×, a 8.3% cash yield on $1.1B generated. | ||||
| 17 | BKNGBooking Holdings Inc.Travel Services | 12.9× | 7.7% | $9.5B |
| Travel Services — 12.9× free cash flow against a Consumer Cyclical median of 19.2×, a 7.7% cash yield on $9.5B generated. | ||||
| 18 | TPRTapestry, Inc.Luxury Goods | 13.5× | 7.4% | $1.8B |
| Luxury Goods — 13.5× free cash flow against a Consumer Cyclical median of 19.2×, a 7.4% cash yield on $1.8B generated. | ||||
| 19 | NVRNVR, Inc.Residential Construction | 14.1× | 7.1% | $1.2B |
| Residential Construction — 14.1× free cash flow against a Consumer Cyclical median of 19.2×, a 7.1% cash yield on $1.2B generated. | ||||
| 20 | LOWLowe's Companies, Inc.Home Improvement | 14.9× | 6.7% | $7.0B |
| Home Improvement — 14.9× free cash flow against a Consumer Cyclical median of 19.2×, a 6.7% cash yield on $7.0B generated. | ||||
| 21 | PHMPulteGroup, Inc.Residential Construction | 15.6× | 6.4% | $1.4B |
| Residential Construction — 15.6× free cash flow against a Consumer Cyclical median of 19.2×, a 6.4% cash yield on $1.4B generated. | ||||
| 22 | DPZDomino's Pizza, Inc.Restaurants | 15.8× | 6.3% | $653M |
| Restaurants — 15.8× free cash flow against a Consumer Cyclical median of 19.2×, a 6.3% cash yield on $653M generated. | ||||
| 23 | LENLennar CorporationResidential Construction | 18.0× | 5.6% | $1.0B |
| Residential Construction — 18.0× free cash flow against a Consumer Cyclical median of 19.2×, a 5.6% cash yield on $1.0B generated. | ||||
| 24 | DRIDarden Restaurants, Inc.Restaurants | 18.3× | 5.5% | $1.2B |
| Restaurants — 18.3× free cash flow against a Consumer Cyclical median of 19.2×, a 5.5% cash yield on $1.2B generated. | ||||
| 25 | BALLBall CorporationPackaging & Containers | 18.9× | 5.3% | $827M |
| Packaging & Containers — 18.9× free cash flow against a Consumer Cyclical median of 19.2×, a 5.3% cash yield on $827M generated. | ||||