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TopBuild (TopBuild) Cyclically Adjusted Price-to-FCF : 49.77 (As of Apr. 27, 2024)


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What is TopBuild Cyclically Adjusted Price-to-FCF?

As of today (2024-04-27), TopBuild's current share price is $407.08. TopBuild's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was $8.18. TopBuild's Cyclically Adjusted Price-to-FCF for today is 49.77.

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

BLD' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 28.66   Med: 41.62   Max: 54.63
Current: 47.84

During the past years, TopBuild's highest Cyclically Adjusted Price-to-FCF was 54.63. The lowest was 28.66. And the median was 41.62.

BLD's Cyclically Adjusted Price-to-FCF is ranked worse than
81.27% of 566 companies
in the Construction industry
Industry Median: 17.73 vs BLD: 47.84

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.

TopBuild's adjusted free cash flow per share data for the three months ended in Dec. 2023 was $7.687. 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 $8.18 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


TopBuild Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for TopBuild'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.

TopBuild Cyclically Adjusted Price-to-FCF Chart

TopBuild 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 - - - - 45.76

TopBuild Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 - - 37.20 32.99 45.76

Competitive Comparison of TopBuild's Cyclically Adjusted Price-to-FCF

For the Engineering & Construction subindustry, TopBuild'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.


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

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

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



TopBuild 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.

TopBuild's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=407.08/8.18
=49.77

* 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.

TopBuild's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, TopBuild'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)
=7.687/129.4194*129.4194
=7.687

Current CPI (Dec. 2023) = 129.4194.

TopBuild Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 -0.961 99.695 -1.248
201406 1.246 100.560 1.604
201409 0.526 100.428 0.678
201412 0.731 99.070 0.955
201503 -0.550 99.621 -0.715
201506 0.129 100.684 0.166
201509 1.283 100.392 1.654
201512 0.259 99.792 0.336
201603 0.012 100.470 0.015
201606 -0.009 101.688 -0.011
201609 0.467 101.861 0.593
201612 1.190 101.863 1.512
201703 0.297 102.862 0.374
201706 0.163 103.349 0.204
201709 0.684 104.136 0.850
201712 1.296 104.011 1.613
201803 0.176 105.290 0.216
201806 0.211 106.317 0.257
201809 1.112 106.507 1.351
201812 1.743 105.998 2.128
201903 0.384 107.251 0.463
201906 1.764 108.070 2.112
201909 2.165 108.329 2.586
201912 2.289 108.420 2.732
202003 1.698 108.902 2.018
202006 3.017 108.767 3.590
202009 2.147 109.815 2.530
202012 2.664 109.897 3.137
202103 2.323 111.754 2.690
202106 2.909 114.631 3.284
202109 2.827 115.734 3.161
202112 2.425 117.630 2.668
202203 2.151 121.301 2.295
202206 3.391 125.017 3.510
202209 3.034 125.227 3.136
202212 4.393 125.222 4.540
202303 4.863 127.348 4.942
202306 6.331 128.729 6.365
202309 5.828 129.860 5.808
202312 7.687 129.419 7.687

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.


TopBuild  (NYSE:BLD) 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.


TopBuild Cyclically Adjusted Price-to-FCF Related Terms

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


TopBuild (TopBuild) Business Description

Industry
Traded in Other Exchanges
Address
475 North Williamson Boulevard, Daytona Beach, FL, USA, 32114
TopBuild Corp is an installer and distributor of insulation products. Its operating segments involve the Installation and Specialty Distribution segment. The installation segment provides insulation installation services nationwide through contractor services business. Speciality Distribution segment distributes building and mechanical insulation, insulation accessories and other building product materials for the residential, commercial, and industrial end markets. The majority of revenue is earned from the installation segment. Its main customers are contractors. Other products include gutters, after-paint, garage doors, fireplaces, and fireproofing and stopping. TopBuild operates primarily in the United States.
Executives
Robert M Buck officer: President & COO 260 JIMMY ANN DRIVE, DAYTONA BEACH FL 32114
Luis Francisco Machado officer: VP, Gen. Counsel, Corp Sec. 1142 W. BEARDSLEY AVENUE, ELKHART IN 46514
Steven P Raia officer: President, TruTeam Operations 475 NORTH WILLIAMSON BLVD, DAYTONA BEACH FL 32114
Robert Jeffrey Franklin officer: President, Service Partners 475 NORTH WILLIAMSON BLVD, DAYTONA BEACH FL 32114
Tina Donikowski director 1625 SHARP POINT DRIVE, FORT COLLINS CO 80525
Joey M Viselli officer: Vice President and COO 475 NORTH WILLIAMSON BLVD, DAYTONA BEACH FL 32114
Deirdre Drake director 8410 W. BRYN MAWR AVE, CHICAGO IL 60631
Carrie Gamble Wood officer: Chief Accounting Officer 475 NORTH WILLIAMSON BLVD, DAYTONA BEACH FL 32114
John S. Peterson officer: VP & CFO 260 JIMMY ANN DRIVE, DAYTONA BEACH FL 32114
Ernesto Iii Bautista director 575 N DAIRY ASHFORD, SUITE 300, HOUSTON TX 77079
Carl T Camden director 999 WEST BIG BEAVER ROAD, TROY MI 48084
Alec C Covington director C/O NASH FINCH COMPANY, 7600 FRANCE AVENUE SOUTH, MINNEAPOLIS MN 55435
Nancy M Taylor director TREDEGAR CORP, 1100 BOULDERS PARKWAY, RICHMOND VA 23219
Mark A Petrarca director A. O. SMITH CORPORATION, 11270 WEST PARK PLACE, MILWAUKEE WI 53224
Robert M Kuhns officer: Vice President, Controller C/O TOPBUILD CORP., 475 NORTH WILLIAMSON BLVD., DAYTONA BEACH FL 32114

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