Valuation multiples › Price/FCF
Price/FCF by sector and industry
Price to free cash flow: median and quartiles across 11 GICS sectors and 150 industries, from 27,628 valued stocks worldwide.
As of October 21, 2026 · updated daily · CSVJSON
What the numbers show
The lowest sector median is 10.5 (Financials, 2,098 values), the highest 21.9 (Information Technology, 2,119 values).
That is a factor of 2.1 between the two: the same ratio means different things in different sectors, so compare within the industry.
The middle sector (Consumer Staples) has a median of 14.9; half of its 1,085 stocks sit between 8.2 and 28.0.
Price/FCF by sector
| Sector | P25 | Median | P75 | Values |
|---|---|---|---|---|
| Financials | 5.4 | 10.5 | 18.3 | 2,098 |
| Communication Services | 6.9 | 12.1 | 25.2 | 695 |
| Real Estate | 6.2 | 12.3 | 21.4 | 1,154 |
| Energy | 7.1 | 13.1 | 25.3 | 564 |
| Consumer Discretionary | 6.9 | 13.2 | 26.1 | 2,391 |
| Consumer Staples | 8.2 | 14.9 | 28.0 | 1,085 |
| Utilities | 8.0 | 14.9 | 30.4 | 335 |
| Industrials | 8.3 | 16.2 | 33.2 | 3,291 |
| Materials | 9.3 | 17.6 | 36.1 | 1,719 |
| Health Care | 11.7 | 21.4 | 41.4 | 1,285 |
| Information Technology | 11.5 | 21.9 | 45.6 | 2,119 |
Price/FCF by industry (150)
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 | 4.5 | 8.4 | 16.3 | 42 |
| Advertising Agencies | 5.7 | 9.8 | 20.1 | 115 |
| Telecom Services | 6.7 | 10.8 | 19.0 | 176 |
| Publishing | 7.2 | 11.9 | 21.2 | 74 |
| Electronic Gaming & Multimedia | 7.1 | 13.3 | 28.9 | 80 |
| Internet Content & Information | 9.0 | 14.1 | 24.6 | 91 |
| Entertainment | 8.0 | 16.6 | 32.1 | 126 |
Consumer Discretionary (27)
| Industry | P25 | Median | P75 | Values |
|---|---|---|---|---|
| Automobiles & Auto Parts | 2.5 | 6.1 | 11.5 | 10 |
| Auto & Truck Dealerships | 4.7 | 7.8 | 18.7 | 55 |
| Textiles | 3.7 | 8.7 | 22.3 | 18 |
| Specialty Retail | 5.5 | 9.4 | 18.3 | 157 |
| Recreational Vehicles | 6.7 | 9.6 | 12.2 | 18 |
| Education & Training Services | 6.8 | 11.8 | 21.8 | 84 |
| Restaurants | 6.3 | 12.1 | 27.6 | 168 |
| Apparel Retail | 4.6 | 12.2 | 21.1 | 72 |
| Gambling | 8.6 | 12.8 | 17.1 | 37 |
| Department Stores | 6.0 | 13.0 | 23.7 | 93 |
| Apparel Manufacturing | 7.1 | 13.3 | 22.9 | 140 |
| Travel Services | 8.3 | 13.4 | 32.4 | 65 |
| Personal Services | 6.5 | 13.5 | 17.7 | 29 |
| Home Improvement Retail | 5.4 | 13.6 | 21.0 | 27 |
| Residential Construction | 6.9 | 13.8 | 22.4 | 40 |
| Resorts & Casinos | 9.1 | 13.8 | 18.9 | 49 |
| Footwear & Accessories | 6.8 | 14.0 | 27.4 | 69 |
| Textile Manufacturing | 6.8 | 14.4 | 27.0 | 187 |
| Auto Parts | 7.9 | 14.9 | 34.3 | 427 |
| Leisure | 8.0 | 15.4 | 30.4 | 114 |
| Auto Manufacturers | 9.3 | 15.6 | 30.6 | 62 |
| Furnishings, Fixtures & Appliances | 8.6 | 15.7 | 29.9 | 209 |
| Luxury Goods | 8.9 | 16.2 | 32.0 | 62 |
| Internet Retail | 8.8 | 16.3 | 33.3 | 69 |
| Lodging | 7.2 | 17.1 | 27.0 | 104 |
| Discount Stores | 10.4 | 19.8 | 38.4 | 21 |
| Consumer Electronics | 11.4 | 20.5 | 39.3 | 60 |
Consumer Staples (11)
| Industry | P25 | Median | P75 | Values |
|---|---|---|---|---|
| Pharmaceutical Retailers | 4.1 | 9.2 | 16.1 | 36 |
| Confectioners | 5.4 | 10.6 | 20.9 | 43 |
| Food Distribution | 7.3 | 11.3 | 22.9 | 50 |
| Farm Products | 7.4 | 11.8 | 21.5 | 174 |
| Grocery Stores | 7.3 | 12.8 | 19.7 | 66 |
| Beverages - Wineries & Distilleries | 6.6 | 14.1 | 43.0 | 56 |
| Packaged Foods | 8.2 | 15.0 | 28.0 | 388 |
| Tobacco | 8.3 | 15.2 | 24.0 | 24 |
| Beverages - Brewers | 11.4 | 16.3 | 23.7 | 40 |
| Household & Personal Products | 9.1 | 17.7 | 29.2 | 166 |
| Beverages - Non-Alcoholic | 13.0 | 21.5 | 28.6 | 62 |
Energy (7)
| Industry | P25 | Median | P75 | Values |
|---|---|---|---|---|
| Oil & Gas Refining & Marketing | 6.6 | 10.3 | 22.9 | 73 |
| Oil & Gas Drilling | 7.8 | 11.9 | 19.4 | 21 |
| Oil & Gas Equipment & Services | 6.2 | 12.1 | 21.3 | 117 |
| Oil & Gas E&P | 8.0 | 13.2 | 32.0 | 143 |
| Thermal Coal | 7.0 | 13.5 | 22.2 | 44 |
| Oil & Gas Midstream | 11.5 | 16.6 | 28.2 | 60 |
| Oil & Gas Integrated | 13.5 | 19.3 | 29.8 | 35 |
Financials (16)
| Industry | P25 | Median | P75 | Values |
|---|---|---|---|---|
| Shell Companies | 2.3 | 3.9 | 10.8 | 12 |
| Credit Services | 2.7 | 6.5 | 14.2 | 174 |
| Insurance - Life | 2.7 | 7.5 | 15.0 | 58 |
| Mortgage Finance | 3.4 | 7.6 | 12.3 | 34 |
| REIT - Mortgage | 5.3 | 8.1 | 14.1 | 26 |
| Insurance - Property & Casualty | 5.4 | 8.6 | 14.6 | 89 |
| Financial Conglomerates | 5.6 | 8.8 | 22.7 | 36 |
| Insurance - Reinsurance | 4.4 | 9.1 | 16.8 | 22 |
| Capital Markets | 4.2 | 9.4 | 22.7 | 224 |
| Banks - Diversified | 4.8 | 9.4 | 17.3 | 29 |
| Banks - Regional | 6.6 | 10.8 | 15.8 | 865 |
| Insurance - Diversified | 5.8 | 11.4 | 21.4 | 60 |
| Asset Management | 6.2 | 12.2 | 27.9 | 375 |
| Insurance - Specialty | 7.3 | 12.8 | 21.9 | 22 |
| Insurance Brokers | 11.4 | 17.1 | 30.2 | 28 |
| Financial Data & Stock Exchanges | 19.6 | 23.9 | 29.6 | 44 |
Health Care (11)
| Industry | P25 | Median | P75 | Values |
|---|---|---|---|---|
| Medical Distribution | 7.6 | 11.4 | 17.8 | 47 |
| Pharmaceuticals | 9.2 | 11.7 | 35.0 | 25 |
| Medical Care Facilities | 8.5 | 15.6 | 26.9 | 169 |
| Healthcare Plans | 11.8 | 17.0 | 25.3 | 12 |
| Drug Manufacturers - Specialty & Generic | 11.2 | 20.4 | 42.3 | 366 |
| Drug Manufacturers - General | 15.4 | 21.5 | 39.3 | 55 |
| Medical Instruments & Supplies | 13.2 | 22.1 | 36.9 | 119 |
| Health Information Services | 12.0 | 22.6 | 45.6 | 67 |
| Medical Devices | 15.5 | 25.1 | 41.6 | 178 |
| Biotechnology | 16.0 | 29.1 | 67.0 | 187 |
| Diagnostics & Research | 17.6 | 29.2 | 47.4 | 80 |
Industrials (25)
| Industry | P25 | Median | P75 | Values |
|---|---|---|---|---|
| Airlines | 5.1 | 7.9 | 12.9 | 34 |
| Rental & Leasing Services | 4.1 | 7.9 | 19.4 | 43 |
| Staffing & Employment Services | 6.0 | 10.9 | 16.5 | 61 |
| Infrastructure Operations | 6.9 | 10.9 | 16.6 | 44 |
| Business Equipment & Supplies | 7.8 | 11.1 | 24.3 | 48 |
| Specialty Business Services | 8.0 | 11.3 | 21.6 | 161 |
| Marine Shipping | 7.5 | 11.6 | 23.3 | 152 |
| Integrated Freight & Logistics | 6.9 | 12.0 | 21.1 | 139 |
| Conglomerates | 5.8 | 12.4 | 27.6 | 205 |
| Engineering & Construction | 6.2 | 12.4 | 26.8 | 475 |
| Machinery, Tools, Heavy Vehicles, Trains & Ships | 5.4 | 12.6 | 29.5 | 26 |
| Airports & Air Services | 9.5 | 13.7 | 22.9 | 39 |
| Building Products & Equipment | 8.4 | 14.3 | 30.1 | 167 |
| Industrial Distribution | 6.7 | 14.4 | 27.2 | 82 |
| Consulting Services | 9.8 | 14.4 | 25.2 | 58 |
| Farm & Heavy Construction Machinery | 8.3 | 15.6 | 24.9 | 97 |
| Waste Management | 8.4 | 16.3 | 29.2 | 96 |
| Trucking | 8.7 | 16.4 | 25.4 | 27 |
| Tools & Accessories | 10.6 | 17.7 | 40.1 | 87 |
| Railroads | 9.8 | 18.7 | 33.1 | 63 |
| Metal Fabrication | 10.6 | 19.1 | 41.3 | 127 |
| Pollution & Treatment Controls | 9.1 | 23.1 | 33.1 | 49 |
| Specialty Industrial Machinery | 12.6 | 23.7 | 43.9 | 488 |
| Electrical Equipment & Parts | 14.7 | 28.8 | 50.2 | 311 |
| Aerospace & Defense | 17.9 | 30.5 | 50.6 | 132 |
Information Technology (14)
| Industry | P25 | Median | P75 | Values |
|---|---|---|---|---|
| Software & IT Services | 5.2 | 14.9 | 21.8 | 21 |
| Electronics & Computer Distribution | 7.7 | 15.2 | 29.8 | 94 |
| Security & Protection Services | 10.5 | 15.4 | 29.6 | 67 |
| Information Technology Services | 8.9 | 15.5 | 27.5 | 315 |
| Software - Application | 10.6 | 18.1 | 32.7 | 432 |
| Software - Infrastructure | 9.8 | 18.5 | 37.7 | 221 |
| Computer Hardware | 13.1 | 22.6 | 47.8 | 109 |
| Communication Equipment | 11.1 | 23.6 | 51.2 | 178 |
| Solar | 15.1 | 25.2 | 57.3 | 33 |
| Scientific & Technical Instruments | 15.1 | 27.7 | 45.8 | 107 |
| Electronic Components | 14.5 | 28.9 | 52.8 | 334 |
| Semiconductors & Semiconductor Equipment | 14.9 | 33.6 | 60.8 | 27 |
| Semiconductors | 17.5 | 36.0 | 74.9 | 183 |
| Semiconductor Equipment & Materials | 28.3 | 51.5 | 75.2 | 116 |
Materials (15)
| Industry | P25 | Median | P75 | Values |
|---|---|---|---|---|
| Containers & Packaging | 5.6 | 9.3 | 28.2 | 14 |
| Other | 0.9 | 10.6 | 18.1 | 18 |
| Lumber & Wood Production | 6.5 | 12.4 | 25.1 | 33 |
| Packaging & Containers | 8.3 | 13.3 | 28.8 | 156 |
| Steel | 7.3 | 13.6 | 31.7 | 229 |
| Paper & Paper Products | 6.8 | 14.9 | 32.1 | 61 |
| Building Materials | 8.6 | 15.1 | 30.1 | 163 |
| Aluminum | 9.4 | 15.4 | 30.5 | 36 |
| Gold | 10.9 | 16.8 | 29.0 | 99 |
| Agricultural Inputs | 11.7 | 16.8 | 31.0 | 84 |
| Chemicals | 9.7 | 19.2 | 39.3 | 193 |
| Specialty Chemicals | 10.3 | 19.2 | 40.0 | 416 |
| Other Industrial Metals & Mining | 12.5 | 26.1 | 47.9 | 108 |
| Other Precious Metals & Mining | 16.2 | 26.3 | 50.7 | 25 |
| Copper | 16.0 | 29.9 | 53.4 | 23 |
Real Estate (11)
| Industry | P25 | Median | P75 | Values |
|---|---|---|---|---|
| Real Estate - Development | 2.4 | 7.4 | 17.8 | 288 |
| REIT - Office | 7.6 | 11.6 | 24.2 | 60 |
| Real Estate Services | 6.3 | 11.9 | 22.4 | 362 |
| REIT - Hotel & Motel | 8.8 | 12.6 | 17.5 | 28 |
| Real Estate - Diversified | 5.2 | 13.3 | 24.6 | 79 |
| REIT - Diversified | 8.4 | 13.6 | 22.7 | 111 |
| REIT - Retail | 10.7 | 14.5 | 20.9 | 87 |
| REIT - Industrial | 10.3 | 14.9 | 19.5 | 48 |
| REIT - Residential | 7.3 | 16.1 | 23.6 | 35 |
| REIT - Healthcare Facilities | 13.2 | 16.4 | 22.5 | 22 |
| REIT - Specialty | 12.3 | 16.9 | 25.9 | 25 |
Utilities (6)
| Industry | P25 | Median | P75 | Values |
|---|---|---|---|---|
| Utilities - Independent Power Producers | 6.8 | 11.8 | 20.7 | 48 |
| Utilities - Renewable | 8.2 | 14.6 | 25.5 | 86 |
| Utilities - Regulated Electric | 7.7 | 15.2 | 31.6 | 74 |
| Utilities - Diversified | 9.0 | 15.3 | 28.6 | 27 |
| Utilities - Regulated Water | 11.7 | 15.7 | 43.1 | 26 |
| Utilities - Regulated Gas | 7.6 | 15.8 | 34.9 | 71 |
History of sector medians
| Month | Financials | Communication Services | Real Estate | Energy | Consumer Discretionary | Consumer Staples | Utilities | Industrials | Materials | Health Care | Information Technology |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026-09 | 5.5 | 3.2 | 2.8 | 4.1 | 1.9 | 1.9 | 2.2 | 3.1 | 1.8 | 3.9 | 4.1 |
| 2026-10 | 10.4 | 11.5 | 11.4 | 12.7 | 12.3 | 14.0 | 13.8 | 14.9 | 16.5 | 19.9 | 19.7 |
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Suggested citation: Fair Value Calculator (2026): Price to free cash flow by sector and industry, as of October 21, 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.