Most investors are familiar with fundamental indicators such as the price-earnings ratio (P/E), book value, price-to-book (P/B) and the PEG ratio. Investors, who recognize the importance of cash generation, use the company's cash flow statements when analyzing its fundamentals. They recognize these statements offer a better representation of the company's operation. However, very few people look at how much free cash flow is available compared to the value of the company. Think of this as free cash flow yield, and a better indicator than the P/E ratio. (For a primer and overview of the cash flow statement, refer to What Is A Cash Flow Statement?)