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National Fuel Gas Co (STU:NFG) Cyclically Adjusted Price-to-FCF : (As of May. 25, 2024)


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What is National Fuel Gas Co Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


National Fuel Gas Co Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for National Fuel Gas Co'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.

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National Fuel Gas Co Cyclically Adjusted Price-to-FCF Chart

National Fuel Gas Co Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
Cyclically Adjusted Price-to-FCF
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National Fuel Gas Co 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 National Fuel Gas Co's Cyclically Adjusted Price-to-FCF

For the Oil & Gas Integrated subindustry, National Fuel Gas Co'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.


National Fuel Gas Co's Cyclically Adjusted Price-to-FCF Distribution in the Oil & Gas Industry

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

* The bar in red indicates where National Fuel Gas Co's Cyclically Adjusted Price-to-FCF falls into.



National Fuel Gas Co 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.

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

For example, National Fuel Gas Co'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)
=0.799/131.7762*131.7762
=0.799

Current CPI (Mar. 2024) = 131.7762.

National Fuel Gas Co Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -0.171 100.560 -0.224
201409 -1.104 100.428 -1.449
201412 -0.532 99.070 -0.708
201503 0.760 99.621 1.005
201506 -0.214 100.684 -0.280
201509 -1.667 100.392 -2.188
201512 -0.785 99.792 -1.037
201603 0.277 100.470 0.363
201606 0.254 101.688 0.329
201609 0.306 101.861 0.396
201612 0.426 101.863 0.551
201703 1.142 102.862 1.463
201706 0.959 103.349 1.223
201709 -0.021 104.136 -0.027
201712 -0.441 104.011 -0.559
201803 0.677 105.290 0.847
201806 0.862 106.317 1.068
201809 -0.819 106.507 -1.013
201812 -0.742 105.998 -0.922
201903 0.280 107.251 0.344
201906 0.294 108.070 0.358
201909 -0.811 108.329 -0.987
201912 -0.318 108.420 -0.387
202003 0.274 108.902 0.332
202006 0.506 108.767 0.613
202009 -4.922 109.815 -5.906
202012 0.193 109.897 0.231
202103 0.521 111.754 0.614
202106 0.731 114.631 0.840
202109 -1.104 115.734 -1.257
202112 -0.404 117.630 -0.453
202203 0.515 121.301 0.559
202206 0.527 125.017 0.555
202209 -0.667 125.227 -0.702
202212 0.960 125.222 1.010
202303 1.096 127.348 1.134
202306 1.252 128.729 1.282
202309 -1.016 129.860 -1.031
202312 0.238 129.419 0.242
202403 0.799 131.776 0.799

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.


National Fuel Gas Co  (STU:NFG) 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.


National Fuel Gas Co Cyclically Adjusted Price-to-FCF Related Terms

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


National Fuel Gas Co (STU:NFG) Business Description

Industry
Traded in Other Exchanges
Address
6363 Main Street, Williamsville, NY, USA, 14221
National Fuel Gas Co is a diversified energy company engaged in the production, gathering, transportation, distribution, and marketing of natural gas. The operating segments of the company are the Exploration and Production segment, the Pipeline and Storage segment, the Gathering segment, and the Utility segment. Geographically it generates revenue from the United States and majorly it generates revenue from Exploration and Production segment.

National Fuel Gas Co (STU:NFG) Headlines

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