Valuation multiples › Price/FCF
Price/FCF by sector and industry
Price to free cash flow: median and quartiles across 11 GICS sectors and 154 industries, from 28,920 valued stocks worldwide.
As of September 6, 2026 · updated daily · CSVJSON
What the numbers show
The lowest sector median is 1.8 (Materials, 1,849 values), the highest 5.5 (Financials, 2,291 values).
That is a factor of 3.1 between the two: the same ratio means different things in different sectors, so compare within the industry.
The middle sector (Industrials) has a median of 3.1; half of its 3,482 stocks sit between 0.6 and 12.5.
Price/FCF by sector
| Sector | P25 | Median | P75 | Values |
|---|---|---|---|---|
| Materials | 0.2 | 1.8 | 10.7 | 1,849 |
| Consumer Discretionary | 0.3 | 1.9 | 8.6 | 2,617 |
| Consumer Staples | 0.3 | 1.9 | 8.6 | 1,142 |
| Utilities | 0.5 | 2.2 | 10.1 | 356 |
| Real Estate | 0.5 | 2.8 | 13.9 | 1,205 |
| Industrials | 0.6 | 3.1 | 12.5 | 3,482 |
| Communication Services | 0.4 | 3.2 | 11.3 | 758 |
| Health Care | 0.7 | 3.9 | 15.0 | 1,379 |
| Information Technology | 0.6 | 4.1 | 16.2 | 2,220 |
| Energy | 0.1 | 4.1 | 12.8 | 723 |
| Financials | 0.4 | 5.5 | 12.8 | 2,291 |
Price/FCF by industry (154)
Grouped by sector, sorted by median within each sector. Only industries with at least ten valued stocks.
Communication Services (7)
| Industry | P25 | Median | P75 | Values |
|---|---|---|---|---|
| Broadcasting | 0.1 | 1.3 | 10.3 | 41 |
| Electronic Gaming & Multimedia | 0.2 | 1.6 | 6.7 | 91 |
| Telecom Services | 0.5 | 3.5 | 10.8 | 184 |
| Entertainment | 0.3 | 3.6 | 16.3 | 142 |
| Publishing | 1.0 | 3.7 | 8.8 | 83 |
| Advertising Agencies | 1.0 | 4.2 | 10.4 | 123 |
| Internet Content & Information | 1.4 | 4.7 | 18.9 | 101 |
Consumer Discretionary (27)
| Industry | P25 | Median | P75 | Values |
|---|---|---|---|---|
| Automobiles & Auto Parts | 0.0 | 0.0 | 0.1 | 10 |
| Textiles | 0.1 | 0.1 | 0.3 | 18 |
| Textile Manufacturing | 0.1 | 0.4 | 1.9 | 199 |
| Department Stores | 0.1 | 0.7 | 2.7 | 105 |
| Lodging | 0.3 | 0.8 | 6.4 | 110 |
| Auto Manufacturers | 0.4 | 0.9 | 3.6 | 67 |
| Apparel Manufacturing | 0.2 | 1.2 | 4.9 | 146 |
| Education & Training Services | 0.4 | 1.6 | 6.2 | 105 |
| Furnishings, Fixtures & Appliances | 0.5 | 1.7 | 7.4 | 222 |
| Consumer Electronics | 0.5 | 1.9 | 8.7 | 70 |
| Restaurants | 0.3 | 1.9 | 10.4 | 180 |
| Home Improvement Retail | 0.3 | 2.0 | 8.5 | 31 |
| Footwear & Accessories | 0.6 | 2.0 | 6.2 | 69 |
| Auto Parts | 0.4 | 2.4 | 7.9 | 441 |
| Auto & Truck Dealerships | 0.3 | 2.7 | 10.8 | 66 |
| Specialty Retail | 0.8 | 2.8 | 8.3 | 170 |
| Apparel Retail | 0.5 | 2.9 | 14.4 | 75 |
| Luxury Goods | 0.6 | 2.9 | 15.0 | 76 |
| Leisure | 0.4 | 3.2 | 10.3 | 132 |
| Resorts & Casinos | 0.4 | 4.5 | 15.0 | 53 |
| Internet Retail | 0.9 | 4.6 | 12.4 | 68 |
| Travel Services | 0.5 | 5.1 | 14.0 | 66 |
| Recreational Vehicles | 6.0 | 8.3 | 11.6 | 16 |
| Personal Services | 1.1 | 8.4 | 15.6 | 29 |
| Discount Stores | 3.9 | 8.7 | 22.5 | 21 |
| Gambling | 6.1 | 12.2 | 19.1 | 41 |
| Residential Construction | 1.1 | 13.5 | 21.4 | 39 |
Consumer Staples (11)
| Industry | P25 | Median | P75 | Values |
|---|---|---|---|---|
| Confectioners | 0.1 | 0.3 | 5.1 | 42 |
| Household & Personal Products | 0.2 | 1.2 | 6.5 | 169 |
| Pharmaceutical Retailers | 0.5 | 1.4 | 2.5 | 36 |
| Farm Products | 0.1 | 1.6 | 4.6 | 181 |
| Packaged Foods | 0.4 | 2.2 | 8.4 | 401 |
| Tobacco | 0.2 | 2.2 | 12.7 | 27 |
| Beverages - Non-Alcoholic | 0.5 | 3.4 | 24.1 | 62 |
| Beverages - Brewers | 1.6 | 3.7 | 9.4 | 44 |
| Grocery Stores | 0.5 | 3.9 | 12.3 | 73 |
| Beverages - Wineries & Distilleries | 1.0 | 4.8 | 9.2 | 56 |
| Food Distribution | 0.9 | 5.5 | 15.4 | 50 |
Energy (7)
| Industry | P25 | Median | P75 | Values |
|---|---|---|---|---|
| Oil & Gas Refining & Marketing | 0.1 | 1.0 | 9.8 | 83 |
| Thermal Coal | 0.5 | 3.1 | 8.4 | 56 |
| Oil & Gas Integrated | 1.5 | 7.0 | 15.0 | 41 |
| Oil & Gas Equipment & Services | 1.6 | 7.6 | 17.8 | 122 |
| Oil & Gas Drilling | 4.9 | 7.9 | 12.6 | 24 |
| Oil & Gas E&P | 4.0 | 9.6 | 18.8 | 156 |
| Oil & Gas Midstream | 2.9 | 11.8 | 18.2 | 67 |
Financials (16)
| Industry | P25 | Median | P75 | Values |
|---|---|---|---|---|
| Credit Services | 0.1 | 0.4 | 2.7 | 194 |
| Mortgage Finance | 0.3 | 0.4 | 1.0 | 69 |
| Insurance - Life | 0.1 | 0.9 | 7.4 | 73 |
| Capital Markets | 0.2 | 1.0 | 7.2 | 233 |
| Financial Conglomerates | 0.1 | 1.1 | 8.1 | 37 |
| Shell Companies | 0.4 | 1.6 | 6.9 | 17 |
| Insurance - Reinsurance | 2.5 | 4.1 | 11.0 | 27 |
| Insurance - Diversified | 0.4 | 4.2 | 11.4 | 65 |
| Insurance - Property & Casualty | 0.5 | 5.0 | 8.8 | 95 |
| Banks - Diversified | 0.8 | 5.5 | 11.2 | 31 |
| Insurance Brokers | 1.3 | 7.8 | 18.1 | 29 |
| Asset Management | 1.8 | 7.8 | 17.0 | 408 |
| Banks - Regional | 0.7 | 9.0 | 13.7 | 905 |
| Insurance - Specialty | 4.5 | 9.1 | 16.0 | 24 |
| REIT - Mortgage | 6.5 | 10.4 | 15.5 | 28 |
| Financial Data & Stock Exchanges | 0.7 | 14.6 | 24.6 | 48 |
Health Care (11)
| Industry | P25 | Median | P75 | Values |
|---|---|---|---|---|
| Pharmaceuticals | 0.0 | 0.0 | 0.2 | 24 |
| Medical Distribution | 0.4 | 1.8 | 10.3 | 51 |
| Drug Manufacturers - Specialty & Generic | 0.5 | 2.5 | 8.5 | 391 |
| Medical Care Facilities | 0.5 | 3.1 | 9.3 | 184 |
| Medical Instruments & Supplies | 1.1 | 5.0 | 20.8 | 125 |
| Medical Devices | 1.6 | 5.5 | 21.1 | 181 |
| Biotechnology | 1.0 | 5.5 | 15.3 | 198 |
| Diagnostics & Research | 1.9 | 8.1 | 22.6 | 85 |
| Healthcare Plans | 4.3 | 10.2 | 22.2 | 14 |
| Drug Manufacturers - General | 0.4 | 11.0 | 24.4 | 55 |
| Health Information Services | 4.0 | 11.2 | 29.5 | 72 |
Industrials (26)
| Industry | P25 | Median | P75 | Values |
|---|---|---|---|---|
| Machinery, Tools, Heavy Vehicles, Trains & Ships | 0.0 | 0.0 | 0.0 | 25 |
| Industrial Machinery | 0.1 | 0.3 | 0.6 | 10 |
| Infrastructure Operations | 0.1 | 1.0 | 3.1 | 52 |
| Conglomerates | 0.2 | 1.0 | 7.4 | 222 |
| Integrated Freight & Logistics | 0.3 | 1.5 | 6.9 | 135 |
| Business Equipment & Supplies | 0.3 | 1.6 | 6.1 | 52 |
| Engineering & Construction | 0.4 | 1.9 | 9.2 | 509 |
| Airports & Air Services | 0.8 | 2.2 | 14.6 | 42 |
| Tools & Accessories | 0.6 | 2.6 | 11.7 | 92 |
| Marine Shipping | 0.4 | 2.6 | 8.7 | 162 |
| Airlines | 0.6 | 3.0 | 12.2 | 43 |
| Rental & Leasing Services | 0.3 | 3.0 | 8.8 | 49 |
| Waste Management | 0.7 | 3.0 | 13.3 | 107 |
| Building Products & Equipment | 0.6 | 3.1 | 12.5 | 159 |
| Trucking | 0.3 | 3.3 | 13.0 | 29 |
| Farm & Heavy Construction Machinery | 1.1 | 3.4 | 13.6 | 103 |
| Railroads | 0.6 | 3.4 | 18.4 | 73 |
| Metal Fabrication | 0.6 | 3.4 | 13.2 | 135 |
| Pollution & Treatment Controls | 1.1 | 3.8 | 11.6 | 52 |
| Specialty Industrial Machinery | 1.1 | 3.9 | 15.3 | 517 |
| Industrial Distribution | 1.5 | 4.0 | 15.6 | 91 |
| Electrical Equipment & Parts | 1.1 | 4.3 | 11.1 | 320 |
| Specialty Business Services | 0.5 | 4.5 | 11.7 | 173 |
| Staffing & Employment Services | 1.0 | 4.6 | 9.5 | 61 |
| Consulting Services | 3.3 | 8.0 | 17.0 | 59 |
| Aerospace & Defense | 4.0 | 15.1 | 33.0 | 143 |
Information Technology (15)
| Industry | P25 | Median | P75 | Values |
|---|---|---|---|---|
| Software & IT Services | 0.0 | 0.0 | 0.0 | 19 |
| Semiconductors & Semiconductor Equipment | 0.0 | 0.0 | 0.0 | 28 |
| IT Services | 0.1 | 0.2 | 0.5 | 15 |
| Computer Hardware | 0.5 | 1.9 | 9.5 | 131 |
| Electronics & Computer Distribution | 0.4 | 1.9 | 8.0 | 95 |
| Electronic Components | 0.5 | 2.2 | 14.0 | 372 |
| Semiconductors | 0.7 | 2.8 | 15.7 | 184 |
| Information Technology Services | 0.3 | 3.4 | 10.4 | 334 |
| Semiconductor Equipment & Materials | 0.3 | 3.4 | 34.5 | 127 |
| Security & Protection Services | 0.8 | 4.0 | 17.9 | 67 |
| Communication Equipment | 0.8 | 5.3 | 18.2 | 192 |
| Solar | 2.2 | 6.7 | 20.8 | 38 |
| Scientific & Technical Instruments | 2.6 | 7.9 | 22.5 | 107 |
| Software - Infrastructure | 1.2 | 8.2 | 22.2 | 226 |
| Software - Application | 2.2 | 9.3 | 19.6 | 444 |
Materials (16)
| Industry | P25 | Median | P75 | Values |
|---|---|---|---|---|
| Other | 0.0 | 0.1 | 0.2 | 47 |
| Containers & Packaging | 0.1 | 0.1 | 0.3 | 13 |
| Steel | 0.1 | 0.6 | 2.8 | 240 |
| Specialty Chemicals | 0.2 | 1.6 | 9.9 | 435 |
| Building Materials | 0.3 | 1.6 | 8.1 | 173 |
| Packaging & Containers | 0.2 | 1.7 | 9.1 | 171 |
| Paper & Paper Products | 0.2 | 1.7 | 5.9 | 64 |
| Chemicals | 0.2 | 1.7 | 7.7 | 200 |
| Agricultural Inputs | 0.4 | 1.8 | 10.4 | 89 |
| Lumber & Wood Production | 0.4 | 2.0 | 8.0 | 35 |
| Aluminum | 1.1 | 2.5 | 7.7 | 42 |
| Coking Coal | 2.0 | 2.9 | 8.0 | 12 |
| Other Industrial Metals & Mining | 2.1 | 8.5 | 20.9 | 111 |
| Copper | 3.6 | 10.2 | 33.1 | 26 |
| Gold | 7.3 | 13.8 | 26.6 | 106 |
| Other Precious Metals & Mining | 4.7 | 21.1 | 45.6 | 24 |
Real Estate (12)
| Industry | P25 | Median | P75 | Values |
|---|---|---|---|---|
| Real Estate Development | 0.0 | 0.0 | 0.6 | 13 |
| Real Estate - Development | 0.1 | 0.6 | 3.2 | 296 |
| Real Estate - Diversified | 0.5 | 2.0 | 9.5 | 85 |
| Real Estate Services | 0.8 | 2.1 | 10.7 | 366 |
| REIT - Hotel & Motel | 0.3 | 5.6 | 15.4 | 30 |
| REIT - Diversified | 0.6 | 6.9 | 17.5 | 123 |
| REIT - Office | 1.2 | 7.9 | 18.6 | 57 |
| REIT - Industrial | 2.7 | 11.3 | 19.9 | 51 |
| REIT - Specialty | 7.6 | 13.0 | 20.6 | 25 |
| REIT - Retail | 3.8 | 13.6 | 20.2 | 88 |
| REIT - Healthcare Facilities | 12.5 | 15.8 | 26.4 | 23 |
| REIT - Residential | 2.4 | 16.6 | 22.6 | 35 |
Utilities (6)
| Industry | P25 | Median | P75 | Values |
|---|---|---|---|---|
| Utilities - Independent Power Producers | 0.2 | 1.3 | 10.4 | 51 |
| Utilities - Regulated Gas | 0.3 | 1.6 | 6.0 | 71 |
| Utilities - Regulated Electric | 0.5 | 2.2 | 9.3 | 75 |
| Utilities - Regulated Water | 0.6 | 2.3 | 6.6 | 31 |
| Utilities - Renewable | 0.3 | 2.4 | 9.3 | 102 |
| Utilities - Diversified | 2.5 | 18.0 | 31.4 | 27 |
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Suggested citation: Fair Value Calculator (2026): Price to free cash flow by sector and industry, as of September 6, 2026. https://www.fairvalue-calculator.com/valuation-multiples/price-to-fcf
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Not financial advice. Metrics from reported filings (latest fiscal year or trailing twelve months), percentiles over the visible Fair Value Calculator universe; negative multiples are excluded and outliers beyond the 90th percentile are never the basis of a statement.