Cheapest on Free Cash Flow: Technology
Technology 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 Technology names are cheap against their own peers’ price? The sector’s median multiple is 26.1× — 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 | FISVFiserv, Inc.Information Technology Services | 6.2× | 16.1% | $3.9B |
| Information Technology Services — 6.2× free cash flow against a Technology median of 26.1×, a 16.1% cash yield on $3.9B generated. | ||||
| 2 | FISFidelity National Information Services, Inc.Information Technology Services | 6.5× | 15.4% | $2.7B |
| Information Technology Services — 6.5× free cash flow against a Technology median of 26.1×, a 15.4% cash yield on $2.7B generated. | ||||
| 3 | LDOSLeidos Holdings, Inc.Information Technology Services | 7.1× | 14.0% | $2.2B |
| Information Technology Services — 7.1× free cash flow against a Technology median of 26.1×, a 14.0% cash yield on $2.2B generated. | ||||
| 4 | HPQHP Inc.Computer Hardware | 7.2× | 13.9% | $3.9B |
| Computer Hardware — 7.2× free cash flow against a Technology median of 26.1×, a 13.9% cash yield on $3.9B generated. | ||||
| 5 | GDDYGoDaddy Inc.Software - Infrastructure | 8.0× | 12.5% | $1.7B |
| Software - Infrastructure — 8.0× free cash flow against a Technology median of 26.1×, a 12.5% cash yield on $1.7B generated. | ||||
| 6 | ADBEAdobe Inc.Software - Application | 8.7× | 11.4% | $10.9B |
| Software - Application — 8.7× free cash flow against a Technology median of 26.1×, a 11.4% cash yield on $10.9B generated. | ||||
| 7 | GENGen Digital Inc.Software - Infrastructure | 9.1× | 11.0% | $1.5B |
| Software - Infrastructure — 9.1× free cash flow against a Technology median of 26.1×, a 11.0% cash yield on $1.5B generated. | ||||
| 8 | INTUIntuit Inc.Software - Application | 9.6× | 10.5% | $8.6B |
| Software - Application — 9.6× free cash flow against a Technology median of 26.1×, a 10.5% cash yield on $8.6B generated. | ||||
| 9 | CTSHCognizant Technology Solutions CorporationInformation Technology Services | 10.6× | 9.4% | $2.6B |
| Information Technology Services — 10.6× free cash flow against a Technology median of 26.1×, a 9.4% cash yield on $2.6B generated. | ||||
| 10 | ACNAccenture plcInformation Technology Services | 10.9× | 9.2% | $11.6B |
| Information Technology Services — 10.9× free cash flow against a Technology median of 26.1×, a 9.2% cash yield on $11.6B generated. | ||||
| 11 | XYZBlock, Inc.Software - Infrastructure | 12.1× | 8.3% | $3.9B |
| Software - Infrastructure — 12.1× free cash flow against a Technology median of 26.1×, a 8.3% cash yield on $3.9B generated. | ||||
| 12 | CRMSalesforce, Inc.Software - Application | 12.4× | 8.1% | $15.2B |
| Software - Application — 12.4× free cash flow against a Technology median of 26.1×, a 8.1% cash yield on $15.2B generated. | ||||
| 13 | ROPRoper Technologies, Inc.Software - Application | 14.2× | 7.0% | $2.6B |
| Software - Application — 14.2× free cash flow against a Technology median of 26.1×, a 7.0% cash yield on $2.6B generated. | ||||
| 14 | UBERUber Technologies, Inc.Software - Application | 14.5× | 6.9% | $10.1B |
| Software - Application — 14.5× free cash flow against a Technology median of 26.1×, a 6.9% cash yield on $10.1B generated. | ||||
| 15 | BRBroadridge Financial Solutions, Inc.Information Technology Services | 14.6× | 6.9% | $1.3B |
| Information Technology Services — 14.6× free cash flow against a Technology median of 26.1×, a 6.9% cash yield on $1.3B generated. | ||||
| 16 | IBMInternational Business Machines CorporationInformation Technology Services | 14.8× | 6.7% | $14.6B |
| Information Technology Services — 14.8× free cash flow against a Technology median of 26.1×, a 6.7% cash yield on $14.6B generated. | ||||
| 17 | FICOFair Isaac CorporationSoftware - Application | 15.2× | 6.6% | $996M |
| Software - Application — 15.2× free cash flow against a Technology median of 26.1×, a 6.6% cash yield on $996M generated. | ||||
| 18 | JKHYJack Henry & Associates, Inc.Information Technology Services | 15.5× | 6.5% | $695M |
| Information Technology Services — 15.5× free cash flow against a Technology median of 26.1×, a 6.5% cash yield on $695M generated. | ||||
| 19 | CPAYCorpay, Inc.Software - Infrastructure | 16.1× | 6.2% | $1.6B |
| Software - Infrastructure — 16.1× free cash flow against a Technology median of 26.1×, a 6.2% cash yield on $1.6B generated. | ||||
| 20 | CDWCDW CorporationInformation Technology Services | 16.3× | 6.1% | $1.1B |
| Information Technology Services — 16.3× free cash flow against a Technology median of 26.1×, a 6.1% cash yield on $1.1B generated. | ||||
| 21 | WDAYWorkday, Inc.Software - Application | 16.4× | 6.1% | $2.8B |
| Software - Application — 16.4× free cash flow against a Technology median of 26.1×, a 6.1% cash yield on $2.8B generated. | ||||
| 22 | TELTE Connectivity Ltd.Hardware, Equipment & Parts | 17.6× | 5.7% | $3.6B |
| Hardware, Equipment & Parts — 17.6× free cash flow against a Technology median of 26.1×, a 5.7% cash yield on $3.6B generated. | ||||
| 23 | ADSKAutodesk, Inc.Software - Application | 17.6× | 5.7% | $2.8B |
| Software - Application — 17.6× free cash flow against a Technology median of 26.1×, a 5.7% cash yield on $2.8B generated. | ||||
| 24 | ONON Semiconductor CorporationSemiconductors | 17.7× | 5.7% | $1.8B |
| Semiconductors — 17.7× free cash flow against a Technology median of 26.1×, a 5.7% cash yield on $1.8B generated. | ||||
| 25 | QCOMQUALCOMM IncorporatedSemiconductors | 18.0× | 5.6% | $10.4B |
| Semiconductors — 18.0× free cash flow against a Technology median of 26.1×, a 5.6% cash yield on $10.4B generated. | ||||