The 10 Cheapest Large-Cap Stocks This Week
Sunday, October 25, 2026 · Johnny Hopkins
This week’s Acquirer’s Multiple® Large-Cap screen highlights attractive valuations across energy, financials, materials, technology and healthcare.
Energy remains particularly prominent, accounting for five of the 10 cheapest stocks, unchanged from last week. Synchrony Financial (SYF) retains its position as the cheapest company overall, trading at an Acquirer’s Multiple of just 2.5x.
The Acquirer’s Multiple® compares enterprise value with operating earnings.
Here are the 10 cheapest large-cap stocks this week:
1. Synchrony Financial (SYF) — 2.5x
Synchrony remains the cheapest stock in this week’s screen, with its valuation unchanged at 2.5x. The specialty-finance company also has a 40.5% free-cash-flow yield, 15.1% shareholder yield and 13.0% buyback yield.
2. Equinor (EQNR) — 3.7x
Norwegian energy producer Equinor retains second place, although its Acquirer’s Multiple has increased from 3.6x to 3.7x. The company has an 8.4% free-cash-flow yield, 8.0% shareholder yield and 3.3% dividend yield.
3. Petrobras (PBR) — 6.1x
Petrobras moves from fourth to third place, with its valuation unchanged at 6.1x. The Brazilian energy producer has an 11.3% free-cash-flow yield and 4.6% dividend yield. Commodity prices and Brazilian government policy remain important considerations.
4. APA Corporation (APA) — 6.2x
APA Corporation slips from third to fourth place as its Acquirer’s Multiple increases from 6.0x to 6.2x. The US oil and gas producer has an 11.5% free-cash-flow yield, 3.2% shareholder yield and 1.9% dividend yield. Its valuation remains sensitive to commodity prices and production performance.
5. CF Industries (CF) — 7.0x
CF Industries retains fifth place, with its valuation unchanged at 7.0x. The fertiliser producer has a 10.4% free-cash-flow yield, 7.0% shareholder yield and a five-year average return on assets of 21%.
6. YPF (YPF) — 7.1x
Argentine energy producer YPF remains in sixth place, although its Acquirer’s Multiple declines from 7.3x to 7.1x. The company has a 9.2% free-cash-flow yield. Political, economic and currency risks remain important considerations for investors.
7. Sociedad Química y Minera de Chile (SQM) — 7.4x
SQM climbs from ninth to seventh place, with its valuation declining from 7.8x to 7.4x. The Chilean lithium and specialty-chemicals producer has a 12.0% free-cash-flow yield, 2.2% dividend yield and a five-year average return on assets of 16%. Lithium prices and global battery demand remain key influences on its outlook.
8. SK Hynix (SKHY) — 7.5x
SK Hynix slips from seventh to eighth place, although its Acquirer’s Multiple remains unchanged at 7.5x. The South Korean memory-chip manufacturer has an 8.8% free-cash-flow yield and a five-year average return on assets of 39%. Investors should consider the cyclical nature of memory-chip demand and the sustainability of AI-related earnings growth.
9. BP (BP) — 7.8x
BP slips from eighth to ninth place as its Acquirer’s Multiple increases slightly from 7.7x to 7.8x. The energy producer offers a 12.1% free-cash-flow yield, 7.1% shareholder yield and 3.8% dividend yield. Commodity prices, capital allocation and the company’s energy-transition strategy remain important considerations.
10. Novo Nordisk (NVO) — 8.1x
Novo Nordisk retains tenth place, with its valuation unchanged at 8.1x. The biopharmaceutical company has a 4.3% free-cash-flow yield, 5.3% shareholder yield and a five-year average return on assets of 26%. Competition in obesity and diabetes treatments remains an important consideration.
Bottom Line
Energy continues to dominate the cheapest end of the large-cap screen, accounting for five of the 10 cheapest stocks, unchanged from last week. The remaining companies provide exposure to financials, materials, technology and healthcare.
Synchrony Financial remains the standout on valuation at 2.5x, while Equinor retains second place, despite its multiple increasing slightly to 3.7x.
The most notable changes this week are movements within the existing top 10 rather than new entrants. All 10 companies retain their places in the top 10, although several have changed positions.
Petrobras moves ahead of APA Corporation into third place, while SQM makes the biggest climb, rising from ninth to seventh as its Acquirer’s Multiple declines from 7.8x to 7.4x.
Meanwhile, SK Hynix and BP each slip one position to eighth and ninth, respectively. Synchrony Financial, Equinor, CF Industries, YPF and Novo Nordisk retain their previous rankings.
Valuations have generally remained stable, with YPF and SQM becoming modestly cheaper on the Acquirer’s Multiple measure, while Equinor, APA Corporation and BP have become slightly more expensive.
The screen continues to provide value investors with a diversified starting point for further research. However, the continued prominence of energy and cyclical businesses reinforces the importance of assessing earnings sustainability, financial strength and industry-specific risks alongside headline valuations.