Rankings · Price against the business
Most free cash flow per dollar of price
Graded A or B, ranked by free cash flow over the last twelve months divided by market value. Banks and insurers are left out, and yields above 50% are treated as data problems rather than bargains.
54 companies meet this test
Figures as of October 1, 2026
| # | Company | Grade | Free cash flow yield | P/E | Revenue growth | Market value |
|---|---|---|---|---|---|---|
| 1 | NMRKNEWMARK GROUP, INC. | A | 25.2% | 15.58 | +15% a year | $3.2B |
| 2 | FORFORESTAR GROUP INC. | A | 21.3% | 7.81 | +11% a year | $1.3B |
| 3 | HHHHOWARD HUGHES HOLDINGS INC. | A+ | 16.6% | 15.29 | +20% a year | $4.5B |
| 4 | BXPBXP, INC. | A | 11.6% | 33.20 | +3% a year | $9.9B |
| 5 | GNLGlobal Net Lease, Inc. | B | 11.4% | — | +7% a year | $1.8B |
| 6 | VICIVICI Properties Inc. | A | 10.3% | 9.03 | +8% a year | $25.5B |
| 7 | RLJRLJ LODGING TRUST | A | 10.3% | 258.21 | +2% a year | $1.7B |
| 8 | PEBPEBBLEBROOK HOTEL TRUST | A | 9.8% | — | +2% a year | $2.1B |
| 9 | ESRTEMPIRE STATE REALTY TRUST, INC. | B | 9.6% | 201.50 | +3% a year | $1.1B |
| 10 | CWKCushman & Wakefield Ltd. | B | 9.0% | 39.22 | +3% a year | $2.8B |
More rankings
A ranking orders companies by one stated measure. It is not a recommendation, and it says nothing about whether any share price is reasonable.