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Global Partners LP (Global Partners LP) Cyclically Adjusted Price-to-FCF : 12.14 (As of Apr. 27, 2024)


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What is Global Partners LP Cyclically Adjusted Price-to-FCF?

As of today (2024-04-27), Global Partners LP's current share price is $47.22. Global Partners LP's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was $3.89. Global Partners LP's Cyclically Adjusted Price-to-FCF for today is 12.14.

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

GLP' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 3.84   Med: 8.89   Max: 236.25
Current: 12.15

During the past years, Global Partners LP's highest Cyclically Adjusted Price-to-FCF was 236.25. The lowest was 3.84. And the median was 8.89.

GLP's Cyclically Adjusted Price-to-FCF is ranked better than
56.63% of 392 companies
in the Oil & Gas industry
Industry Median: 14.585 vs GLP: 12.15

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.

Global Partners LP's adjusted free cash flow per share data for the three months ended in Dec. 2023 was $-5.219. 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 $3.89 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Global Partners LP Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Global Partners LP'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.

Global Partners LP Cyclically Adjusted Price-to-FCF Chart

Global Partners LP 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 9.20 4.72 6.14 8.04 10.89

Global Partners LP 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 8.04 10.30 8.46 8.15 10.89

Competitive Comparison of Global Partners LP's Cyclically Adjusted Price-to-FCF

For the Oil & Gas Midstream subindustry, Global Partners LP'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.


Global Partners LP's Cyclically Adjusted Price-to-FCF Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Global Partners LP's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Global Partners LP 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.

Global Partners LP's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=47.22/3.89
=12.14

* 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.

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

For example, Global Partners LP'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)
=-5.219/129.4194*129.4194
=-5.219

Current CPI (Dec. 2023) = 129.4194.

Global Partners LP Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 1.468 99.695 1.906
201406 -1.274 100.560 -1.640
201409 4.213 100.428 5.429
201412 4.609 99.070 6.021
201503 -4.166 99.621 -5.412
201506 1.203 100.684 1.546
201509 0.846 100.392 1.091
201512 0.938 99.792 1.216
201603 -2.088 100.470 -2.690
201606 -0.861 101.688 -1.096
201609 1.737 101.861 2.207
201612 -4.491 101.863 -5.706
201703 3.249 102.862 4.088
201706 2.420 103.349 3.030
201709 4.130 104.136 5.133
201712 -0.958 104.011 -1.192
201803 -3.351 105.290 -4.119
201806 2.064 106.317 2.513
201809 -1.348 106.507 -1.638
201812 5.527 105.998 6.748
201903 -2.842 107.251 -3.429
201906 0.986 108.070 1.181
201909 3.517 108.329 4.202
201912 -1.315 108.420 -1.570
202003 3.683 108.902 4.377
202006 0.410 108.767 0.488
202009 2.058 109.815 2.425
202012 0.740 109.897 0.871
202103 -3.583 111.754 -4.149
202106 0.892 114.631 1.007
202109 3.691 115.734 4.127
202112 -2.468 117.630 -2.715
202203 0.162 121.301 0.173
202206 9.900 125.017 10.249
202209 4.949 125.227 5.115
202212 -4.055 125.222 -4.191
202303 -1.015 127.348 -1.032
202306 7.150 128.729 7.188
202309 2.338 129.860 2.330
202312 -5.219 129.419 -5.219

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.


Global Partners LP  (NYSE:GLP) 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.


Global Partners LP Cyclically Adjusted Price-to-FCF Related Terms

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


Global Partners LP (Global Partners LP) Business Description

Industry
Traded in Other Exchanges
Address
800 South Street, P.O. Box 9161, Suite 500, Waltham, MA, USA, 02454-9161
Global Partners LP is an us-based limited partnership that acts as a midstream logistics and marketing company. It is mainly engaged in purchasing, selling, storing and logistics of transporting petroleum and related products. The company owns and operates and control terminal networks of refined petroleum products and renewable fuels in Massachusetts, Maine, Connecticut, Vermont, and other places. It distributes gasoline and gasoline blendstocks, distillates, residual oil, renewable fuels, crude oil, natural gas and propane to wholesalers, retailers and commercial customers. The company operates through three segments i.e. Wholesale, Gasoline Distribution and Station Operations and Commercial. It generates maximum revenue from the Wholesale segment.
Executives
Global Gp Llc other: General Partner 800 SOUTH STREET, SUITE 500, WALTHAM MA 02453
Clare Mcgrory Kelly director 800 SOUTH STREET, SUITE 500, WALTHAM MA 02453
Jaime Pereira director C/O GLOBAL PARTNERS LP, 800 SOUTH STREET, SUITE 500, WALTHAM MA 02453
John T Hailer director 800 SOUTH STREET, SUITE 500, WALTHAM MA 02453
Robert J Mccool director 1629 CHINABERRY WAY, NAPLES FL 34105
Robert W Owens director
Mark Romaine officer: Chief Operating Officer 800 SOUTH STREET, SUITE 500, WALTHAM MA 02453
Gregory B. Hanson officer: Chief Financial Officer C/O GLOBAL PARTNERS LP, 800 SOUTH STREET, SUITE 500, WALTHAM MA 02453
Matthew Spencer officer: Chief Accounting Officer C/O GLOBAL PARTNERS LP, 800 SOUTH STREET, SUITE 500, WALTHAM MA 02453
Jeremy Langhorn officer: Chief Human Resources Officer C/O GLOBAL PARTNERS LP, 800 SOUTH STREET, SUITE 500, WALTHAM MA 02453
Eric Slifka director, officer: Vice Chairman, President & CEO 800 SOUTH STREET, SUITE 500, WALTHAM MA 02453
Sean T. Geary officer: Chief Legal Officer & Sec. 800 SOUTH STREET, SUITE 500, WALTHAM MA 02453
Alfred A. Slifka 1990 Trust Under Article Ii-a 10 percent owner C/O NUTTER MCCLENNEN & FISH LLP, 155 SEAPORT BOULEVARD, BOSTON MA 02110
Richard Slifka director, 10 percent owner 800 SOUTH STREET, SUITE 500, WALTHAM MA 02453
David K Mckown director EATON VANCE MANAGEMENT, BOSTON MA 02110