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.
12 companies meet this test
Figures as of October 1, 2026
| # | Company | Grade | Free cash flow yield | P/E | Revenue growth | Market value |
|---|---|---|---|---|---|---|
| 1 | SBSCOMPANHIA DE SANEAMENTO BASICO DO ESTADO DE SAO PAULO-SABESP | A+ | 38.6% | 1.93 | +20% a year | $3.6B |
| 2 | ELPCENERGY CO OF PARANA | A | 6.9% | — | +8% a year | $9.1B |
| 3 | VSTVistra Operations Company LLC | B+ | 4.8% | 23.79 | +6% a year | $47.3B |
| 4 | CEPUCentral Puerto S.A. | B+ | 4.2% | 55.05 | — | $1.8B |
| 5 | TLNTalen Energy Corporation | B- | 3.8% | — | +8% a year | $15.1B |
| 6 | OGEOGE ENERGY CORP. | B+ | 2.4% | 20.26 | -1% a year | $9.4B |
| 7 | KENKENON HOLDINGS LTD. | A | 2.1% | 51.57 | +15% a year | $3.4B |
| 8 | NRGNRG Energy, Inc | B | 1.7% | 25.50 | +3% a year | $20.4B |
| 9 | ESEVERSOURCE ENERGY | A | 1.2% | 16.56 | +3% a year | $24.1B |
| 10 | PEGPublic Service Enterprise Group Incorporated | B | 0.8% | 16.83 | +3% a year | $33.7B |
| 11 | AWRAMERICAN STATES WATER CO | A | 0.6% | 22.44 | +6% a year | $3.2B |
| 12 | CEGCONSTELLATION ENERGY CORPORATION | B | 0.3% | 25.79 | +6% a year | $93.7B |
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A ranking orders companies by one stated measure. It is not a recommendation, and it says nothing about whether any share price is reasonable.