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TopBuild (STU:28T) Cyclically Adjusted Price-to-FCF : 46.53 (As of May. 26, 2024)


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What is TopBuild Cyclically Adjusted Price-to-FCF?

As of today (2024-05-26), TopBuild's current share price is €376.00. TopBuild's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was €8.08. TopBuild's Cyclically Adjusted Price-to-FCF for today is 46.53.

The historical rank and industry rank for TopBuild's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

STU:28T' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 28.66   Med: 42.46   Max: 53.88
Current: 45.74

During the past years, TopBuild's highest Cyclically Adjusted Price-to-FCF was 53.88. The lowest was 28.66. And the median was 42.46.

STU:28T's Cyclically Adjusted Price-to-FCF is ranked worse than
78.07% of 570 companies
in the Construction industry
Industry Median: 18.215 vs STU:28T: 45.74

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted free cash flow per share of a company over the past 10 years.

TopBuild's adjusted free cash flow per share data for the three months ended in Mar. 2024 was €4.591. Add all the adjusted free cash flow per share for the past 10 years together and divide 10 will get our Cyclically Adjusted FCF per Share, which is €8.08 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


TopBuild Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for TopBuild'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.

TopBuild Cyclically Adjusted Price-to-FCF Chart

TopBuild Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - - 45.76

TopBuild Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Cyclically Adjusted Price-to-FCF Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - 37.20 32.99 45.76 49.22

Competitive Comparison of TopBuild's Cyclically Adjusted Price-to-FCF

For the Engineering & Construction subindustry, TopBuild'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.


TopBuild's Cyclically Adjusted Price-to-FCF Distribution in the Construction Industry

For the Construction industry and Industrials sector, TopBuild's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where TopBuild's Cyclically Adjusted Price-to-FCF falls into.



TopBuild 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.

TopBuild's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=376.00/8.08
=46.53

* 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.

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

For example, TopBuild'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)
=4.591/131.7762*131.7762
=4.591

Current CPI (Mar. 2024) = 131.7762.

TopBuild Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.917 100.560 1.202
201409 0.408 100.428 0.535
201412 0.593 99.070 0.789
201503 -0.508 99.621 -0.672
201506 0.115 100.684 0.151
201509 1.143 100.392 1.500
201512 0.238 99.792 0.314
201603 0.011 100.470 0.014
201606 -0.008 101.688 -0.010
201609 0.416 101.861 0.538
201612 1.128 101.863 1.459
201703 0.278 102.862 0.356
201706 0.145 103.349 0.185
201709 0.574 104.136 0.726
201712 1.095 104.011 1.387
201803 0.143 105.290 0.179
201806 0.181 106.317 0.224
201809 0.953 106.507 1.179
201812 1.532 105.998 1.905
201903 0.339 107.251 0.417
201906 1.561 108.070 1.903
201909 1.966 108.329 2.392
201912 2.060 108.420 2.504
202003 1.536 108.902 1.859
202006 2.680 108.767 3.247
202009 1.822 109.815 2.186
202012 2.190 109.897 2.626
202103 1.951 111.754 2.301
202106 2.414 114.631 2.775
202109 2.403 115.734 2.736
202112 2.146 117.630 2.404
202203 1.953 121.301 2.122
202206 3.208 125.017 3.381
202209 3.064 125.227 3.224
202212 4.147 125.222 4.364
202303 4.542 127.348 4.700
202306 5.844 128.729 5.982
202309 5.461 129.860 5.542
202312 7.049 129.419 7.177
202403 4.591 131.776 4.591

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.


TopBuild  (STU:28T) 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.


TopBuild Cyclically Adjusted Price-to-FCF Related Terms

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


TopBuild (STU:28T) Business Description

Industry
Traded in Other Exchanges
Address
475 North Williamson Boulevard, Daytona Beach, FL, USA, 32114
TopBuild Corp is an installer and distributor of insulation products. Its operating segments involve the Installation and Specialty Distribution segment. The installation segment provides insulation installation services nationwide through contractor services business. Speciality Distribution segment distributes building and mechanical insulation, insulation accessories and other building product materials for the residential, commercial, and industrial end markets. The majority of revenue is earned from the installation segment. Its main customers are contractors. Other products include gutters, after-paint, garage doors, fireplaces, and fireproofing and stopping. TopBuild operates primarily in the United States.

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