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Texas Pacific Land (STU:9WY) Cyclically Adjusted Price-to-FCF : 62.97 (As of May. 26, 2024)


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What is Texas Pacific Land Cyclically Adjusted Price-to-FCF?

As of today (2024-05-26), Texas Pacific Land's current share price is €558.50. Texas Pacific Land's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was €8.87. Texas Pacific Land's Cyclically Adjusted Price-to-FCF for today is 62.97.

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

STU:9WY' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 37.82   Med: 82.89   Max: 189.16
Current: 62.77

During the past years, Texas Pacific Land's highest Cyclically Adjusted Price-to-FCF was 189.16. The lowest was 37.82. And the median was 82.89.

STU:9WY's Cyclically Adjusted Price-to-FCF is ranked worse than
88.83% of 394 companies
in the Oil & Gas industry
Industry Median: 13.83 vs STU:9WY: 62.77

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.

Texas Pacific Land's adjusted free cash flow per share data for the three months ended in Mar. 2024 was €5.795. 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 €8.87 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Texas Pacific Land Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Texas Pacific Land'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.

Texas Pacific Land Cyclically Adjusted Price-to-FCF Chart

Texas Pacific Land 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 83.82 62.13 80.62 107.69 58.26

Texas Pacific Land 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 72.30 53.24 70.80 58.26 59.41

Competitive Comparison of Texas Pacific Land's Cyclically Adjusted Price-to-FCF

For the Oil & Gas E&P subindustry, Texas Pacific Land'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.


Texas Pacific Land's Cyclically Adjusted Price-to-FCF Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Texas Pacific Land's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Texas Pacific Land 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.

Texas Pacific Land's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=558.50/8.87
=62.97

* 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.

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

For example, Texas Pacific Land'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)
=5.795/131.7762*131.7762
=5.795

Current CPI (Mar. 2024) = 131.7762.

Texas Pacific Land Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.285 100.560 0.373
201409 0.284 100.428 0.373
201412 0.315 99.070 0.419
201503 1.181 99.621 1.562
201506 -0.069 100.684 -0.090
201509 0.459 100.392 0.602
201512 0.256 99.792 0.338
201603 0.411 100.470 0.539
201606 0.266 101.688 0.345
201609 0.425 101.861 0.550
201612 0.409 101.863 0.529
201703 0.884 102.862 1.132
201706 0.334 103.349 0.426
201709 0.945 104.136 1.196
201712 0.621 104.011 0.787
201803 1.109 105.290 1.388
201806 0.838 106.317 1.039
201809 1.217 106.507 1.506
201812 1.326 105.998 1.648
201903 3.883 107.251 4.771
201906 0.601 108.070 0.733
201909 2.313 108.329 2.814
201912 4.965 108.420 6.035
202003 1.870 108.902 2.263
202006 1.322 108.767 1.602
202009 2.096 109.815 2.515
202012 1.584 109.897 1.899
202103 1.839 111.754 2.168
202106 1.466 114.631 1.685
202109 2.611 115.734 2.973
202112 3.282 117.630 3.677
202203 4.006 121.301 4.352
202206 3.447 125.017 3.633
202209 4.923 125.227 5.180
202212 5.158 125.222 5.428
202303 4.571 127.348 4.730
202306 3.156 128.729 3.231
202309 3.226 129.860 3.274
202312 4.263 129.419 4.341
202403 5.795 131.776 5.795

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.


Texas Pacific Land  (STU:9WY) 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.


Texas Pacific Land Cyclically Adjusted Price-to-FCF Related Terms

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


Texas Pacific Land (STU:9WY) Business Description

Industry
Traded in Other Exchanges
Address
1700 Pacific Avenue, Suite 2900, Dallas, TX, USA, 75201
Texas Pacific Land Corp is mainly engaged in sales and leases of land owned, retaining oil and gas royalties, and the overall management of the land owned. It operates its business in two segments including Land and Resource Management and Water Service and Operations. The Land and Resource Management segment focuses on managing its oil and gas royalty interest and surface acres located in 19 different counties. The Water Service and Operations segment includes Water Sourcing, Produced Water Gathering / Treatment / Recycling, Infrastructure Development, Produced Water Disposal, Water Tracking / Analytics / Well Testing.

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