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Barrett Business Services (Barrett Business Services) Cyclically Adjusted FCF per Share : $8.09 (As of Dec. 2023)


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What is Barrett Business Services Cyclically Adjusted FCF per Share?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted FCF per Share and 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.

Barrett Business Services's adjusted free cash flow per share for the three months ended in Dec. 2023 was $7.938. Add all the adjusted free cash flow per share for the past 10 years together and divide the count will get our Cyclically Adjusted FCF per Share, which is $8.09 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Barrett Business Services's average Cyclically Adjusted FCF Growth Rate was -1.00% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was -0.70% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was -0.20% per year. During the past 10 years, the average Cyclically Adjusted FCF Growth Rate was 11.50% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted FCF Growth Rate using Cyclically Adjusted FCF per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted FCF Growth Rate of Barrett Business Services was 41.50% per year. The lowest was -2.60% per year. And the median was 19.10% per year.

As of today (2024-04-27), Barrett Business Services's current stock price is $121.77. Barrett Business Services's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was $8.09. Barrett Business Services's Cyclically Adjusted Price-to-FCF of today is 15.05.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Barrett Business Services was 39.55. The lowest was 3.70. And the median was 10.25.


Barrett Business Services Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Barrett Business Services's Cyclically Adjusted FCF per Share 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.

Barrett Business Services Cyclically Adjusted FCF per Share Chart

Barrett Business Services Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 8.83 8.26 8.16 8.17 8.09

Barrett Business Services Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Cyclically Adjusted FCF per Share 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 8.17 7.67 7.70 7.72 8.09

Competitive Comparison of Barrett Business Services's Cyclically Adjusted FCF per Share

For the Staffing & Employment Services subindustry, Barrett Business Services'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.


Barrett Business Services's Cyclically Adjusted Price-to-FCF Distribution in the Business Services Industry

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

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



Barrett Business Services Cyclically Adjusted FCF per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted FCF per Share and 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.

What is Cyclically Adjusted FCF per Share? How do we calculate Cyclically Adjusted FCF per Share?

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. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted FCF per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the free cash flow per share from 2001 through 2010.

We adjusted the 2001 free cash flow per share data with the total inflation from 2001 through 2010 to the equivalent free cash flow in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's free cash flow is $1 a share in 2001, then the 2001's equivalent free cash flow in 2010 is $1.4 a share. If Wal-Mart's free cash flow is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 free cash flow in 2010 is $1.35. So on and so forth, you get the equivalent free cash flow per share of past 10 years. Then you add them together and divided the sum by the count to get 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.

For example, Barrett Business Services's adjusted Free Cash Flow per Share data for the three months ended in Dec. 2023 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=7.938/129.4194*129.4194
=7.938

Current CPI (Dec. 2023) = 129.4194.

Barrett Business Services Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 0.822 99.695 1.067
201406 0.051 100.560 0.066
201409 3.256 100.428 4.196
201412 4.960 99.070 6.479
201503 0.679 99.621 0.882
201506 0.868 100.684 1.116
201509 5.186 100.392 6.686
201512 6.527 99.792 8.465
201603 -1.274 100.470 -1.641
201606 1.501 101.688 1.910
201609 6.775 101.861 8.608
201612 2.844 101.863 3.613
201703 -0.243 102.862 -0.306
201706 1.804 103.349 2.259
201709 6.119 104.136 7.605
201712 6.756 104.011 8.406
201803 -0.456 105.290 -0.561
201806 2.121 106.317 2.582
201809 3.862 106.507 4.693
201812 2.836 105.998 3.463
201903 3.912 107.251 4.721
201906 0.619 108.070 0.741
201909 2.090 108.329 2.497
201912 2.131 108.420 2.544
202003 -0.319 108.902 -0.379
202006 -15.394 108.767 -18.317
202009 4.452 109.815 5.247
202012 6.409 109.897 7.548
202103 -1.276 111.754 -1.478
202106 1.185 114.631 1.338
202109 -8.508 115.734 -9.514
202112 5.697 117.630 6.268
202203 -4.946 121.301 -5.277
202206 -1.221 125.017 -1.264
202209 4.393 125.227 4.540
202212 3.736 125.222 3.861
202303 -4.225 127.348 -4.294
202306 0.074 128.729 0.074
202309 4.546 129.860 4.531
202312 7.938 129.419 7.938

Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF per Share.


Barrett Business Services  (NAS:BBSI) Cyclically Adjusted FCF per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted FCF per Share may underestimate the company's free cash flow. Cyclically Adjusted Price-to-FCF can seem to be too high even the actual Price-to-Free-Cash-Flow is low.

For the Cyclically Adjusted Price-to-FCF, the free cash flow per share of the past 10 years are inflation-adjusted and averaged. The result is used for P/FCF calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted Price-to-FCF is also called CAPFCF Ratio.

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.

Barrett Business Services's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=121.77/8.09
=15.05

* 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.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Barrett Business Services was 39.55. The lowest was 3.70. And the median was 10.25.


Be Aware

Cyclically Adjusted Price-to-FCF works better for cyclical companies. It gives you a better idea on the company's real free cash flow value.


Barrett Business Services Cyclically Adjusted FCF per Share Related Terms

Thank you for viewing the detailed overview of Barrett Business Services's Cyclically Adjusted FCF per Share provided by GuruFocus.com. Please click on the following links to see related term pages.


Barrett Business Services (Barrett Business Services) Business Description

Traded in Other Exchanges
Address
8100 NE Parkway Drive, Suite 200, Vancouver, WA, USA, 98662
Barrett Business Services Inc is a provider of payroll administrative services and staffing services. The company categories of services include professional employer services and staffing. Professional employer services offer payroll management, payroll taxes services, and workers' compensation coverage solutions, as well as workforce management services, including hiring and termination of employees. Staffing offers temporary staffing services, as well as contract staffing, long-term or indefinite on-site management, and direct placement services. The company operates in the United States of America. It generates maximum revenue from the Professional employer service fees.
Executives
Joseph Stephen Clabby director 8100 NE PARKWAY DRIVE, SUITE 200, VANCOUVER WA 98662
Anthony Meeker director 8100 NE PARKWAY DRIVE, SUITE 200, VANCOUVER WA 98662
Thomas J Carley director 8100 NE PARKWAY DRIVE, SUITE 200, VANCOUVER WA 98662
Jon L Justesen director 8100 NE PARKWAY DRIVE, SUITE 200, VANCOUVER WA 98662
Alexandra Morehouse Mcreynolds director 8100 N.E. PARKWAY DRIVE, SUITE 200, VANCOUVER WA 98662
Gary Kramer officer: VP - Finance, Treas. & Sec. 8100 N.E. PARKWAY DRIVE, SUITE 200, VANCOUVER WA 98662
Diane L Dewbrey director FIFTH THIRD BANCORP, 38 FOUNTAIN SQ PLZ, CINCINNATI OH 45263
Vincent P Price director 8100 N.E. PARKWAY DRIVE, SUITE 200, VANCOUVER WA 98662
James B Hicks director 8100 NE PARKWAY DRIVE, SUITE 200, VANCOUVER WA 98662
Carla A Moradi director 8100 N.E. PARKWAY DRIVE, SUITE 200, VANCOUVER WA 98662
James R Potts officer: EVP Gen Counsel & Secretary 8100 NE PARKWAY DRIVE SUITE 200, VANCOUVER WA 98662
Anthony J Harris officer: Chief Financial Officer 8100 NE PARKWAY DRIVE SUITE 200, VANCOUVER WA 98662
Gerald Blotz officer: VP and COO--Field Operations 8100 N.E. PARKWAY DRIVE, SUITE 200, VANCOUVER WA 98662
Michael L Elich officer: VP and Chief Operating Officer 8100 NE PARKWAY DRIVE, SUITE 200, VANCOUVER WA 98662
Gregory R Vaughn officer: Vice President 8100 NE PARKWAY DRIVE, SUITE 200, VANCOUVER WA 98662