GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Guardian Capital Group Ltd (TSX:GCG.A) » Definitions » Cyclically Adjusted Price-to-FCF

Guardian Capital Group (TSX:GCG.A) Cyclically Adjusted Price-to-FCF : 22.37 (As of May. 18, 2024)


View and export this data going back to 1973. Start your Free Trial

What is Guardian Capital Group Cyclically Adjusted Price-to-FCF?

As of today (2024-05-18), Guardian Capital Group's current share price is C$45.41. Guardian Capital Group's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was C$2.03. Guardian Capital Group's Cyclically Adjusted Price-to-FCF for today is 22.37.

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

TSX:GCG.A' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 15.72   Med: 29.72   Max: 45.64
Current: 22.32

During the past years, Guardian Capital Group's highest Cyclically Adjusted Price-to-FCF was 45.64. The lowest was 15.72. And the median was 29.72.

TSX:GCG.A's Cyclically Adjusted Price-to-FCF is ranked worse than
53.86% of 505 companies
in the Asset Management industry
Industry Median: 20.69 vs TSX:GCG.A: 22.32

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.

Guardian Capital Group's adjusted free cash flow per share data for the three months ended in Mar. 2024 was C$-0.363. 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 C$2.03 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Guardian Capital Group Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Guardian Capital Group'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.

Guardian Capital Group Cyclically Adjusted Price-to-FCF Chart

Guardian Capital Group 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 28.26 24.01 24.84 22.63 22.02

Guardian Capital Group 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 24.06 23.08 22.34 22.02 23.55

Competitive Comparison of Guardian Capital Group's Cyclically Adjusted Price-to-FCF

For the Asset Management subindustry, Guardian Capital Group'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.


Guardian Capital Group's Cyclically Adjusted Price-to-FCF Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Guardian Capital Group's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Guardian Capital Group 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.

Guardian Capital Group's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=45.41/2.03
=22.37

* 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.

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

For example, Guardian Capital Group'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)
=-0.363/126.2576*126.2576
=-0.363

Current CPI (Mar. 2024) = 126.2576.

Guardian Capital Group Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.478 99.473 0.607
201409 0.599 99.394 0.761
201412 0.315 98.367 0.404
201503 -0.101 99.789 -0.128
201506 0.535 100.500 0.672
201509 0.452 100.421 0.568
201512 0.076 99.947 0.096
201603 0.118 101.054 0.147
201606 0.394 102.002 0.488
201609 0.251 101.765 0.311
201612 0.451 101.449 0.561
201703 -0.048 102.634 -0.059
201706 0.475 103.029 0.582
201709 0.513 103.345 0.627
201712 0.378 103.345 0.462
201803 -0.292 105.004 -0.351
201806 -0.210 105.557 -0.251
201809 0.511 105.636 0.611
201812 0.597 105.399 0.715
201903 -0.347 106.979 -0.410
201906 0.584 107.690 0.685
201909 0.777 107.611 0.912
201912 0.283 107.769 0.332
202003 0.047 107.927 0.055
202006 0.821 108.401 0.956
202009 0.781 108.164 0.912
202012 0.548 108.559 0.637
202103 0.141 110.298 0.161
202106 0.866 111.720 0.979
202109 1.262 112.905 1.411
202112 0.999 113.774 1.109
202203 -0.151 117.646 -0.162
202206 0.575 120.806 0.601
202209 0.980 120.648 1.026
202212 1.210 120.964 1.263
202303 0.329 122.702 0.339
202306 0.571 124.203 0.580
202309 1.173 125.230 1.183
202312 1.127 125.072 1.138
202403 -0.363 126.258 -0.363

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.


Guardian Capital Group  (TSX:GCG.A) 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.


Guardian Capital Group Cyclically Adjusted Price-to-FCF Related Terms

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


Guardian Capital Group (TSX:GCG.A) Business Description

Traded in Other Exchanges
Address
Commerce Court West, Suite 3100, P.O. Box 201, Toronto, ON, CAN, M5L 1E8
Guardian Capital Group Ltd is a diversified financial services company. It operates in three reportable segment Investment Management, Wealth Management, and Corporate Activities and Investments. The majority of revenue is derived from the Investment Management segment, which primarily involves earning management fees relating to investment management services provided to clients.

Guardian Capital Group (TSX:GCG.A) Headlines

No Headlines