What is CTC Media Cyclically Adjusted Price-to-FCF?
Shiller PE for Stocks: The True Measure of Stock Valuation
CTC Media Cyclically Adjusted Price-to-FCF Historical Data
The historical data trend for CTC Media's Cyclically Adjusted Price-to-FCF can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Competitive Comparison of CTC Media's Cyclically Adjusted Price-to-FCF
For the Broadcasting subindustry, CTC Media's Cyclically Adjusted Price-to-FCF, along with its competitors' market caps and Cyclically Adjusted Price-to-FCF data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
CTC Media's Cyclically Adjusted Price-to-FCF Distribution in the Media - Diversified Industry
For the Media - Diversified industry and Communication Services sector, CTC Media's Cyclically Adjusted Price-to-FCF distribution charts can be found below:
* The bar in red indicates where CTC Media's Cyclically Adjusted Price-to-FCF falls into.
CTC Media Cyclically Adjusted Price-to-FCF Calculation
Like the Shiller PE Ratio, the Cyclically Adjusted Price-to-FCF takes the Free Cash Flow per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/FCF calculation. Because it considers this 10-year average, it's often referred to as the CAPFCF Ratio.
The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF.
Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.
CTC Media (NAS:CTCM) Cyclically Adjusted Price-to-FCF Explanation
Compared with the regular Price-to-Free-Cash-Flow, which works poorly for cyclical businesses, the Cyclically Adjusted Price-to-FCF smoothed out the fluctuations of free cash flow during business cycles. Therefore it is more accurate in reflecting the valuation of the company.
If a company has consistent business performance, the Cyclically Adjusted Price-to-FCF should give similar results to regular Price-to-Free-Cash-Flow.
CTC Media Cyclically Adjusted Price-to-FCF Related Terms
Thank you for viewing the detailed overview of CTC Media's Cyclically Adjusted Price-to-FCF provided by GuruFocus.com. Please click on the following links to see related term pages.
CTC Media Inc was incorporated in 1989 and commenced television operations in May 1994, initially broadcasting from its first owned-and-operated station in St. Petersburg to 22 cities across Russia as a superstation a single station that retransmits its signal to remote locations. In December 1996, the Company launched CTC, a national network broadcasting by satellite from its center in Moscow. The Company launched Domashny in March 2005 and acquired DTV in April 2008.Its TV channels are currently distributed by means of free-to-air terrestrial broadcasting in analog format. Its signals are broadcasted by the owned-and-operated stations and unmanned repeater transmitters according to local analog broadcast licenses and universal licenses for analog frequencies in the respective regions, as well as by its independent affiliate stations and local cable operators. In exchange for the right to broadcast its signal, the company allows its affiliates to broadcast local advertising during designated time windows, from which they derive revenues. At CTC's Domashny and DTV Networks it also pays fees to some independent affiliates of these networks for broadcasting the Domashny or DTV signal. The Company has four reportable segments: CTC Network, Domashny Network, Peretz Network, and Channel 31. The Company competes with other broadcasters and other forms of media for advertising spending, and with other broadcasters for audience share, programming rights, affiliate stations and broadcast frequencies in particular VHF frequencies in key markets. The Company has registered trademarks for the "CTC", "Domashny", "DTV" and "CTC Media" name and logo in the Russian Federation.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
CTCM has been successfully added to your 