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Boardwalk Pipeline Partners LP (FRA:B5P) Cyclically Adjusted Price-to-FCF : (As of Jun. 10, 2024)


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What is Boardwalk Pipeline Partners LP Cyclically Adjusted Price-to-FCF?

Note: If the price history is too short, we do not calculate current Cyclically Adjusted Price-to-FCF for this stock. All the historical data is shown as the company's primary share's data instead.

Shiller PE for Stocks: The True Measure of Stock Valuation


Boardwalk Pipeline Partners LP Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Boardwalk Pipeline Partners LP'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.

* Premium members only.

Boardwalk Pipeline Partners LP Cyclically Adjusted Price-to-FCF Chart

Boardwalk Pipeline Partners LP Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
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Boardwalk Pipeline Partners LP Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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Competitive Comparison of Boardwalk Pipeline Partners LP's Cyclically Adjusted Price-to-FCF

For the Oil & Gas Midstream subindustry, Boardwalk Pipeline Partners LP'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.


Boardwalk Pipeline Partners LP's Cyclically Adjusted Price-to-FCF Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Boardwalk Pipeline Partners LP's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Boardwalk Pipeline Partners LP's Cyclically Adjusted Price-to-FCF falls into.



Boardwalk Pipeline Partners LP 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.

Boardwalk Pipeline Partners LP's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Boardwalk Pipeline Partners LP's adjusted Free Cash Flow per Share data for the three months ended in Mar. 2024 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=0.558/131.7762*131.7762
=0.558

Current CPI (Mar. 2024) = 131.7762.

Boardwalk Pipeline Partners LP Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.229 100.560 0.300
201409 -0.156 100.428 -0.205
201412 0.042 99.070 0.056
201503 0.320 99.621 0.423
201506 0.230 100.684 0.301
201509 0.142 100.392 0.186
201512 0.047 99.792 0.062
201603 0.060 100.470 0.079
201606 0.103 101.688 0.133
201609 -0.085 101.861 -0.110
201612 -0.043 101.863 -0.056
201703 0.134 102.862 0.172
201706 0.033 103.349 0.042
201709 -0.127 104.136 -0.161
201712 -0.265 104.011 -0.336
201803 0.133 105.290 0.166
201806 0.122 106.317 0.151
201809 0.082 106.507 0.101
201812 -0.076 105.998 -0.094
201903 0.327 107.251 0.402
201906 0.372 108.070 0.454
201909 0.226 108.329 0.275
201912 -0.096 108.420 -0.117
202003 0.172 108.902 0.208
202006 0.138 108.767 0.167
202009 0.217 109.815 0.260
202012 0.172 109.897 0.206
202103 0.453 111.754 0.534
202106 0.281 114.631 0.323
202109 0.233 115.734 0.265
202112 -0.029 117.630 -0.032
202203 0.511 121.301 0.555
202206 0.492 125.017 0.519
202209 0.414 125.227 0.436
202212 0.033 125.222 0.035
202303 0.447 127.348 0.463
202306 0.566 128.729 0.579
202309 0.464 129.860 0.471
202312 0.138 129.419 0.141
202403 0.558 131.776 0.558

Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF per Share.

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.


Boardwalk Pipeline Partners LP  (FRA:B5P) 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.


Boardwalk Pipeline Partners LP Cyclically Adjusted Price-to-FCF Related Terms

Thank you for viewing the detailed overview of Boardwalk Pipeline Partners LP's Cyclically Adjusted Price-to-FCF provided by GuruFocus.com. Please click on the following links to see related term pages.


Boardwalk Pipeline Partners LP (FRA:B5P) Business Description

Industry
Traded in Other Exchanges
N/A
Address
9 Greenway Plaza, Suite 2800, Houston, TX, USA, 77046
Boardwalk Pipeline Partners LP was formed to acquire and develop natural gas pipelines and storage facilities. The Company operates in only one reportable segment which is the operation of interstate natural gas and NGLs pipeline systems and integrated storage facilities. It serves producers of natural gas, local distribution companies (LDCs), marketers, electric power generators, industrial users and interstate, and intrastate pipelines.

Boardwalk Pipeline Partners LP (FRA:B5P) Headlines

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