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 29,151 valued stocks worldwide.
As of September 18, 2026 · updated daily · CSVJSON
What the numbers show
The lowest sector median is 2.0 (Consumer Discretionary, 2,581 values), the highest 5.6 (Financials, 2,247 values).
That is a factor of 2.8 between the two: the same ratio means different things in different sectors, so compare within the industry.
The middle sector (Communication Services) has a median of 3.4; half of its 741 stocks sit between 0.4 and 12.2.
Price/FCF by sector
| Sector | P25 | Median | P75 | Values |
|---|---|---|---|---|
| Consumer Discretionary | 0.3 | 2.0 | 8.9 | 2,581 |
| Consumer Staples | 0.3 | 2.1 | 9.4 | 1,141 |
| Materials | 0.3 | 2.1 | 11.1 | 1,830 |
| Utilities | 0.7 | 2.4 | 10.8 | 344 |
| Real Estate | 0.5 | 2.9 | 13.9 | 1,211 |
| Communication Services | 0.4 | 3.4 | 12.2 | 741 |
| Industrials | 0.6 | 3.4 | 13.3 | 3,499 |
| Health Care | 0.8 | 4.1 | 16.1 | 1,368 |
| Information Technology | 0.6 | 4.5 | 16.9 | 2,226 |
| Energy | 0.2 | 4.6 | 14.5 | 714 |
| Financials | 0.4 | 5.6 | 13.1 | 2,247 |
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 |
|---|---|---|---|---|
| Electronic Gaming & Multimedia | 0.2 | 1.5 | 6.4 | 84 |
| Broadcasting | 0.2 | 2.1 | 12.8 | 43 |
| Entertainment | 0.3 | 3.1 | 17.1 | 143 |
| Telecom Services | 0.6 | 3.8 | 10.5 | 181 |
| Publishing | 0.7 | 4.1 | 8.7 | 82 |
| Advertising Agencies | 1.2 | 4.5 | 12.0 | 121 |
| Internet Content & Information | 1.4 | 5.0 | 22.0 | 99 |
Consumer Discretionary (26)
| Industry | P25 | Median | P75 | Values |
|---|---|---|---|---|
| Textiles | 0.1 | 0.1 | 0.2 | 21 |
| Textile Manufacturing | 0.1 | 0.5 | 2.0 | 201 |
| Lodging | 0.2 | 0.7 | 5.1 | 110 |
| Department Stores | 0.1 | 0.9 | 3.5 | 100 |
| Auto Manufacturers | 0.4 | 1.1 | 4.2 | 62 |
| Apparel Manufacturing | 0.3 | 1.5 | 5.9 | 144 |
| Education & Training Services | 0.4 | 1.6 | 6.3 | 99 |
| Furnishings, Fixtures & Appliances | 0.5 | 1.7 | 8.2 | 221 |
| Consumer Electronics | 0.5 | 1.8 | 8.9 | 68 |
| Restaurants | 0.3 | 1.9 | 10.8 | 178 |
| Home Improvement Retail | 0.4 | 1.9 | 10.5 | 31 |
| Footwear & Accessories | 0.6 | 2.2 | 8.2 | 65 |
| Auto Parts | 0.4 | 2.3 | 8.0 | 444 |
| Auto & Truck Dealerships | 0.3 | 2.5 | 10.7 | 64 |
| Specialty Retail | 0.7 | 2.7 | 8.4 | 176 |
| Apparel Retail | 0.8 | 3.0 | 14.6 | 70 |
| Resorts & Casinos | 0.4 | 3.0 | 14.8 | 53 |
| Luxury Goods | 0.8 | 3.8 | 16.1 | 70 |
| Leisure | 0.4 | 3.8 | 10.7 | 128 |
| Internet Retail | 0.9 | 4.8 | 14.0 | 65 |
| Personal Services | 1.0 | 5.4 | 15.2 | 29 |
| Travel Services | 1.0 | 6.9 | 15.3 | 64 |
| Recreational Vehicles | 4.9 | 8.1 | 11.1 | 17 |
| Discount Stores | 4.3 | 9.7 | 24.6 | 20 |
| Residential Construction | 0.9 | 13.4 | 21.3 | 38 |
| Gambling | 5.7 | 15.4 | 20.0 | 40 |
Consumer Staples (11)
| Industry | P25 | Median | P75 | Values |
|---|---|---|---|---|
| Confectioners | 0.1 | 0.4 | 1.7 | 37 |
| Household & Personal Products | 0.2 | 1.2 | 7.7 | 168 |
| Pharmaceutical Retailers | 0.5 | 1.4 | 3.0 | 36 |
| Farm Products | 0.2 | 1.8 | 5.3 | 183 |
| Tobacco | 0.2 | 2.1 | 11.3 | 27 |
| Packaged Foods | 0.4 | 2.2 | 8.9 | 397 |
| Beverages - Non-Alcoholic | 0.4 | 2.4 | 23.9 | 61 |
| Beverages - Brewers | 1.7 | 3.8 | 11.7 | 45 |
| Grocery Stores | 0.5 | 3.8 | 12.8 | 73 |
| Beverages - Wineries & Distilleries | 0.9 | 4.6 | 9.7 | 59 |
| Food Distribution | 0.9 | 5.1 | 13.1 | 48 |
Energy (7)
| Industry | P25 | Median | P75 | Values |
|---|---|---|---|---|
| Oil & Gas Refining & Marketing | 0.1 | 1.1 | 9.2 | 83 |
| Thermal Coal | 0.4 | 2.7 | 8.7 | 55 |
| Oil & Gas Integrated | 2.1 | 7.7 | 17.6 | 41 |
| Oil & Gas Drilling | 5.1 | 8.4 | 15.7 | 22 |
| Oil & Gas Equipment & Services | 1.8 | 8.7 | 18.7 | 122 |
| Oil & Gas E&P | 4.4 | 10.6 | 21.0 | 156 |
| Oil & Gas Midstream | 5.8 | 13.0 | 21.4 | 65 |
Financials (16)
| Industry | P25 | Median | P75 | Values |
|---|---|---|---|---|
| Mortgage Finance | 0.2 | 0.4 | 0.7 | 65 |
| Credit Services | 0.1 | 0.4 | 2.9 | 195 |
| Insurance - Life | 0.1 | 0.7 | 6.8 | 72 |
| Capital Markets | 0.2 | 1.0 | 7.4 | 231 |
| Financial Conglomerates | 0.1 | 1.3 | 8.6 | 38 |
| Insurance - Reinsurance | 2.6 | 4.2 | 13.6 | 26 |
| Banks - Diversified | 0.9 | 4.3 | 12.0 | 30 |
| Insurance - Diversified | 0.4 | 4.4 | 11.1 | 62 |
| Shell Companies | 0.6 | 4.7 | 10.4 | 14 |
| Insurance - Property & Casualty | 0.6 | 5.4 | 9.2 | 95 |
| Asset Management | 1.8 | 7.8 | 16.2 | 384 |
| Insurance Brokers | 1.6 | 9.3 | 23.1 | 27 |
| Banks - Regional | 0.8 | 9.5 | 14.4 | 894 |
| Insurance - Specialty | 4.8 | 9.8 | 16.2 | 24 |
| REIT - Mortgage | 6.5 | 11.0 | 16.1 | 27 |
| Financial Data & Stock Exchanges | 0.6 | 16.6 | 24.1 | 49 |
Health Care (11)
| Industry | P25 | Median | P75 | Values |
|---|---|---|---|---|
| Pharmaceuticals | 0.0 | 0.1 | 0.2 | 24 |
| Medical Distribution | 0.4 | 1.8 | 11.6 | 51 |
| Drug Manufacturers - Specialty & Generic | 0.5 | 2.5 | 8.9 | 375 |
| Medical Care Facilities | 0.6 | 3.2 | 9.4 | 181 |
| Medical Instruments & Supplies | 1.3 | 5.9 | 24.0 | 125 |
| Medical Devices | 2.0 | 6.5 | 21.8 | 183 |
| Biotechnology | 1.2 | 7.0 | 17.7 | 206 |
| Diagnostics & Research | 2.0 | 8.2 | 26.9 | 90 |
| Healthcare Plans | 4.2 | 9.6 | 22.2 | 14 |
| Health Information Services | 4.1 | 10.6 | 31.4 | 70 |
| Drug Manufacturers - General | 0.4 | 10.7 | 25.1 | 54 |
Industrials (27)
| Industry | P25 | Median | P75 | Values |
|---|---|---|---|---|
| Machinery, Tools, Heavy Vehicles, Trains & Ships | 0.0 | 0.0 | 0.0 | 23 |
| Industrial Machinery | 0.1 | 0.3 | 0.6 | 10 |
| Construction & Engineering | 0.0 | 0.4 | 0.6 | 10 |
| Conglomerates | 0.2 | 1.2 | 8.0 | 221 |
| Infrastructure Operations | 0.2 | 1.4 | 3.2 | 52 |
| Business Equipment & Supplies | 0.3 | 1.7 | 6.4 | 52 |
| Airports & Air Services | 1.0 | 2.0 | 16.3 | 40 |
| Integrated Freight & Logistics | 0.5 | 2.0 | 7.8 | 133 |
| Engineering & Construction | 0.5 | 2.1 | 9.8 | 504 |
| Tools & Accessories | 0.5 | 2.5 | 12.2 | 92 |
| Building Products & Equipment | 0.7 | 3.0 | 12.1 | 171 |
| Marine Shipping | 0.6 | 3.0 | 10.8 | 156 |
| Railroads | 0.6 | 3.4 | 18.0 | 71 |
| Metal Fabrication | 0.6 | 3.4 | 13.2 | 141 |
| Farm & Heavy Construction Machinery | 1.4 | 3.5 | 14.4 | 102 |
| Waste Management | 0.9 | 3.5 | 12.7 | 106 |
| Trucking | 0.3 | 3.7 | 14.5 | 27 |
| Specialty Industrial Machinery | 1.2 | 4.1 | 15.8 | 547 |
| Pollution & Treatment Controls | 1.0 | 4.2 | 12.9 | 55 |
| Industrial Distribution | 1.5 | 4.2 | 18.0 | 90 |
| Rental & Leasing Services | 0.3 | 4.2 | 10.0 | 49 |
| Electrical Equipment & Parts | 1.2 | 4.4 | 11.2 | 324 |
| Specialty Business Services | 0.5 | 4.9 | 13.5 | 167 |
| Staffing & Employment Services | 0.9 | 5.0 | 10.6 | 64 |
| Airlines | 0.6 | 5.5 | 14.5 | 35 |
| Consulting Services | 3.7 | 10.2 | 17.3 | 59 |
| Aerospace & Defense | 4.7 | 16.5 | 35.5 | 145 |
Information Technology (15)
| Industry | P25 | Median | P75 | Values |
|---|---|---|---|---|
| Software & IT Services | 0.0 | 0.0 | 0.0 | 17 |
| Semiconductors & Semiconductor Equipment | 0.0 | 0.0 | 0.0 | 28 |
| IT Services | 0.1 | 0.2 | 0.3 | 14 |
| Electronics & Computer Distribution | 0.4 | 2.1 | 9.1 | 95 |
| Computer Hardware | 0.6 | 2.2 | 10.4 | 128 |
| Electronic Components | 0.6 | 2.5 | 14.3 | 376 |
| Semiconductors | 0.7 | 3.4 | 17.7 | 195 |
| Information Technology Services | 0.4 | 3.5 | 11.0 | 329 |
| Semiconductor Equipment & Materials | 0.4 | 3.7 | 36.7 | 124 |
| Security & Protection Services | 1.3 | 4.8 | 22.7 | 67 |
| Solar | 2.0 | 5.1 | 20.0 | 36 |
| Communication Equipment | 0.9 | 5.6 | 17.4 | 193 |
| Scientific & Technical Instruments | 2.6 | 8.4 | 24.5 | 107 |
| Software - Infrastructure | 1.3 | 9.8 | 25.0 | 231 |
| Software - Application | 2.7 | 10.8 | 23.0 | 441 |
Materials (16)
| Industry | P25 | Median | P75 | Values |
|---|---|---|---|---|
| Other | 0.0 | 0.1 | 0.3 | 34 |
| Containers & Packaging | 0.1 | 0.1 | 0.3 | 14 |
| Steel | 0.2 | 0.7 | 3.0 | 245 |
| Agricultural Inputs | 0.4 | 1.7 | 10.5 | 90 |
| Chemicals | 0.2 | 1.7 | 7.7 | 204 |
| Building Materials | 0.3 | 1.7 | 8.8 | 168 |
| Packaging & Containers | 0.2 | 1.9 | 9.1 | 171 |
| Lumber & Wood Production | 0.5 | 2.0 | 7.9 | 35 |
| Specialty Chemicals | 0.3 | 2.0 | 10.1 | 438 |
| Paper & Paper Products | 0.3 | 2.1 | 7.1 | 66 |
| Coking Coal | 2.3 | 3.0 | 4.6 | 11 |
| Aluminum | 1.2 | 3.4 | 8.0 | 40 |
| Other Industrial Metals & Mining | 2.8 | 9.0 | 23.0 | 110 |
| Copper | 3.8 | 10.5 | 38.0 | 25 |
| Gold | 9.3 | 17.5 | 29.5 | 99 |
| Other Precious Metals & Mining | 5.0 | 23.8 | 45.5 | 24 |
Real Estate (12)
| Industry | P25 | Median | P75 | Values |
|---|---|---|---|---|
| Real Estate Development | 0.0 | 0.0 | 0.2 | 13 |
| Real Estate - Development | 0.1 | 0.6 | 3.2 | 295 |
| Real Estate - Diversified | 0.5 | 2.0 | 9.7 | 88 |
| Real Estate Services | 0.8 | 2.3 | 11.9 | 370 |
| REIT - Hotel & Motel | 0.4 | 5.2 | 14.8 | 31 |
| REIT - Office | 1.1 | 8.1 | 18.2 | 56 |
| REIT - Diversified | 0.5 | 8.2 | 17.9 | 125 |
| REIT - Industrial | 2.4 | 10.9 | 19.4 | 50 |
| REIT - Specialty | 6.8 | 12.7 | 19.8 | 26 |
| REIT - Retail | 3.5 | 13.2 | 19.6 | 86 |
| REIT - Residential | 2.5 | 16.6 | 22.6 | 35 |
| REIT - Healthcare Facilities | 12.9 | 16.8 | 26.1 | 23 |
Utilities (6)
| Industry | P25 | Median | P75 | Values |
|---|---|---|---|---|
| Utilities - Independent Power Producers | 0.2 | 1.3 | 10.4 | 49 |
| Utilities - Regulated Gas | 0.4 | 1.9 | 5.9 | 67 |
| Utilities - Regulated Electric | 0.6 | 2.3 | 9.1 | 75 |
| Utilities - Regulated Water | 1.1 | 2.7 | 7.9 | 30 |
| Utilities - Renewable | 0.4 | 2.7 | 10.5 | 93 |
| Utilities - Diversified | 2.7 | 17.8 | 30.3 | 27 |
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Suggested citation: Fair Value Calculator (2026): Price to free cash flow by sector and industry, as of September 18, 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.