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CRA International (CRA International) Cyclically Adjusted Price-to-FCF : 31.72 (As of Apr. 28, 2024)


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What is CRA International Cyclically Adjusted Price-to-FCF?

As of today (2024-04-28), CRA International's current share price is $149.71. CRA International's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was $4.72. CRA International's Cyclically Adjusted Price-to-FCF for today is 31.72.

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

CRAI' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 9.19   Med: 23.13   Max: 47.57
Current: 31.7

During the past years, CRA International's highest Cyclically Adjusted Price-to-FCF was 47.57. The lowest was 9.19. And the median was 23.13.

CRAI's Cyclically Adjusted Price-to-FCF is ranked worse than
71.91% of 356 companies
in the Business Services industry
Industry Median: 17.405 vs CRAI: 31.70

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.

CRA International's adjusted free cash flow per share data for the three months ended in Dec. 2023 was $8.464. 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 $4.72 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


CRA International Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for CRA International'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.

CRA International Cyclically Adjusted Price-to-FCF Chart

CRA International 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 26.78 20.87 28.05 30.84 20.93

CRA International 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 30.84 33.91 29.02 23.17 20.93

Competitive Comparison of CRA International's Cyclically Adjusted Price-to-FCF

For the Consulting Services subindustry, CRA International'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.


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

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

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



CRA International 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=149.71/4.72
=31.72

* 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.

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

For example, CRA International'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)
=8.464/129.4194*129.4194
=8.464

Current CPI (Dec. 2023) = 129.4194.

CRA International Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 -1.474 99.695 -1.913
201406 -0.162 100.560 -0.208
201409 2.430 100.428 3.131
201412 1.928 99.070 2.519
201503 -2.825 99.621 -3.670
201506 0.163 100.684 0.210
201509 0.831 100.392 1.071
201512 2.167 99.792 2.810
201603 -1.684 100.470 -2.169
201606 0.365 101.688 0.465
201609 1.953 101.861 2.481
201612 3.639 101.863 4.623
201703 -2.458 102.862 -3.093
201706 1.167 103.349 1.461
201709 1.623 104.136 2.017
201712 4.010 104.011 4.990
201803 -5.103 105.290 -6.272
201806 0.239 106.317 0.291
201809 2.336 106.507 2.839
201812 5.040 105.998 6.154
201903 -6.870 107.251 -8.290
201906 0.892 108.070 1.068
201909 2.181 108.329 2.606
201912 5.413 108.420 6.461
202003 -9.123 108.902 -10.842
202006 1.958 108.767 2.330
202009 3.961 109.815 4.668
202012 8.097 109.897 9.535
202103 -5.177 111.754 -5.995
202106 0.417 114.631 0.471
202109 6.556 115.734 7.331
202112 8.061 117.630 8.869
202203 -8.421 121.301 -8.985
202206 -2.398 125.017 -2.482
202209 5.916 125.227 6.114
202212 8.135 125.222 8.408
202303 -9.737 127.348 -9.895
202306 0.615 128.729 0.618
202309 9.068 129.860 9.037
202312 8.464 129.419 8.464

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.


CRA International  (NAS:CRAI) 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.


CRA International Cyclically Adjusted Price-to-FCF Related Terms

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


CRA International (CRA International) Business Description

Traded in Other Exchanges
Address
200 Clarendon Street, Boston, MA, USA, 02116-5092
CRA International Inc is a U.S.-based advisory firm that provides economic, financial, and management consultancy services. The company advises clients on economic and financial issues relating to litigation and regulatory proceedings and helps businesses set important business strategies and solve performance-related issues. The company's clients include domestic and foreign companies, government agencies, public and private utilities, and national and international trade associations. CRA International generates almost all its revenue from the United States and the United Kingdom.
Executives
Paul A Maleh officer: EVP, Platform Leader 200 CLARENDON STREET, T-9, BOSTON MA 02116
Chad M Holmes officer: CFO, EVP and Treasurer 200 CLARENDON STREET, T-9, BOSTON MA 02116
Jonathan D Yellin officer: EVP and General Counsel 200 CLARENDON STREET, T-9, BOSTON MA 02116
Thomas Aiken Avery director 465 LAUREL CHASE COURT, ATLANTA GA 30327
Heather Tookes director C/O FTAC OLYMPUS ACQUISITION CORP., 2929 ARCH STREET, SUITE 1703, PHILADELPHIA PA 19104
Robert W Holthausen director 200 CLARENDON STREET, T-9, BOSTON MA 02116
Alva Taylor director C/O CRA INTERNATIONAL, INC., 200 CLARENDON STREET, BOSTON MA 02116
Nancy Hawthorne director AVID TECHNOLOGY, INC., 75 NETWORK DRIVE, BURLINGTON MA 01803
Christine Rose Detrick director 200 CLARENDON STREET, T-9, BOSTON MA 02116
Daniel K. Mahoney officer: CFO, EVP and Treasurer C/O OLD MUTUAL ASSET MANAGEMENT, 200 CLARENDON STREET, BOSTON MA 02116
Richard Douglas Booth director 200 CLARENDON STREET, T-9, BOSTON MA 02116
William F Concannon director 200 PARK AVENUE, 17TH FLOOR, NEW YORK NY 10166
Rowland Moriarty director 200 CLARENDON ST T33, BOSTON MA 02116
Robert A Whitman director 4200 TEXAS COMMERCE TOWER WEST, 2200 ROSS AVE, DALLAS TX 75201
Douglas C Miller officer: VP, Chief Accounting Officer ONE AMERICAN ROW, P.O. BOX 5056, HARTFORD CT 06052