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Thinkpath (Thinkpath) Cyclically Adjusted Price-to-FCF : (As of May. 23, 2024)


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What is Thinkpath Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Thinkpath Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Thinkpath'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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Thinkpath Cyclically Adjusted Price-to-FCF Chart

Thinkpath Annual Data
Trend Dec97 Dec98 Dec99 Dec00 Dec01 Dec02 Dec03 Dec04 Dec05 Dec06
Cyclically Adjusted Price-to-FCF
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Thinkpath Quarterly Data
Dec02 Mar03 Jun03 Sep03 Dec03 Mar04 Jun04 Sep04 Dec04 Mar05 Jun05 Sep05 Dec05 Mar06 Jun06 Sep06 Dec06 Mar07 Jun07 Sep07
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Competitive Comparison of Thinkpath's Cyclically Adjusted Price-to-FCF

For the Engineering & Construction subindustry, Thinkpath'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.


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

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

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



Thinkpath 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.

Thinkpath's Cyclically Adjusted FCF per Share for the quarter that ended in Sep. 2007 is calculated as:

For example, Thinkpath's adjusted Free Cash Flow per Share data for the three months ended in Sep. 2007 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Sep. 2007 (Change)*Current CPI (Sep. 2007)
=0.028/88.4119*88.4119
=0.028

Current CPI (Sep. 2007) = 88.4119.

Thinkpath Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
199712 0.000 71.425 0.000
199803 0.000 71.978 0.000
199806 0.000 72.215 0.000
199809 0.000 72.057 0.000
199812 0.000 72.136 0.000
199903 0.000 72.689 0.000
199906 0.000 73.400 0.000
199909 0.000 73.953 0.000
199912 0.000 74.032 0.000
200003 0.000 74.901 0.000
200006 0.000 75.454 0.000
200009 -1,166.000 75.928 -1,357.704
200012 -2,516.000 76.402 -2,911.484
200103 -427.333 76.719 -492.467
200106 523.667 77.983 593.702
200109 -108.667 77.904 -123.325
200112 -176.000 76.956 -202.201
200203 -328.750 78.141 -371.963
200206 70.800 78.931 79.305
200209 -73.333 79.721 -81.328
200212 145.833 79.879 161.411
200303 22.818 81.459 24.766
200306 -3.750 80.985 -4.094
200309 -3.633 81.459 -3.943
200312 0.396 81.538 0.429
200403 -1.233 82.091 -1.328
200406 -0.167 83.039 -0.178
200409 -0.237 82.960 -0.253
200412 -0.172 83.276 -0.183
200503 -0.058 83.987 -0.061
200506 -0.016 84.461 -0.017
200509 -0.099 85.647 -0.102
200512 0.103 85.015 0.107
200603 -0.048 85.805 -0.049
200606 0.009 86.516 0.009
200609 -0.078 86.279 -0.080
200612 -0.008 86.437 -0.008
200703 -0.030 87.780 -0.030
200706 -0.005 88.412 -0.005
200709 0.028 88.412 0.028

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.


Thinkpath  (GREY:THPHF) 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.


Thinkpath Cyclically Adjusted Price-to-FCF Related Terms

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


Thinkpath (Thinkpath) Business Description

Industry
Traded in Other Exchanges
N/A
Address
365 Evans Avenue, Suite 602, Toronto, ON, CAN, M8Z 1K2
Thinkpath Inc provides customized engineering solutions with a wide range of support services guaranteeing timely, efficient and cost-effective completion of projects in numerous and varied industries. The company's customized solutions include Engineering & Design Services, Technical Publishing & Documentation and On-site Engineering Support.

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