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Clough Global Equity Fund (Clough Global Equity Fund) Cyclically Adjusted Price-to-FCF : 2.86 (As of Apr. 28, 2024)


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What is Clough Global Equity Fund Cyclically Adjusted Price-to-FCF?

As of today (2024-04-28), Clough Global Equity Fund's current share price is $6.31. Clough Global Equity Fund's Cyclically Adjusted FCF per Share for the fiscal year that ended in Oct23 was $2.21. Clough Global Equity Fund's Cyclically Adjusted Price-to-FCF for today is 2.86.

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

GLQ' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 2.54   Med: 5.56   Max: 9.81
Current: 2.85

During the past 13 years, Clough Global Equity Fund's highest Cyclically Adjusted Price-to-FCF was 9.81. The lowest was 2.54. And the median was 5.56.

GLQ's Cyclically Adjusted Price-to-FCF is ranked better than
91.91% of 507 companies
in the Asset Management industry
Industry Median: 20.19 vs GLQ: 2.85

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.

Clough Global Equity Fund's adjusted free cash flow per share data of for the fiscal year that ended in Oct23 was $4.348. 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 $2.21 for the trailing ten years ended in Oct23.

Shiller PE for Stocks: The True Measure of Stock Valuation


Clough Global Equity Fund Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Clough Global Equity Fund'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.

Clough Global Equity Fund Cyclically Adjusted Price-to-FCF Chart

Clough Global Equity Fund Annual Data
Trend Mar14 Oct15 Oct16 Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only - 4.89 9.56 3.80 2.38

Clough Global Equity Fund Semi-Annual Data
Mar14 Sep14 Apr15 Oct15 Apr16 Oct16 Apr17 Oct17 Apr18 Oct18 Apr19 Oct19 Apr20 Oct20 Apr21 Oct21 Apr22 Oct22 Apr23 Oct23
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 9.56 - 3.80 - 2.38

Competitive Comparison of Clough Global Equity Fund's Cyclically Adjusted Price-to-FCF

For the Asset Management subindustry, Clough Global Equity Fund'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.


Clough Global Equity Fund's Cyclically Adjusted Price-to-FCF Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Clough Global Equity Fund's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Clough Global Equity Fund's Cyclically Adjusted Price-to-FCF falls into.



Clough Global Equity Fund 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.

Clough Global Equity Fund's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=6.31/2.21
=2.86

* 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.

Clough Global Equity Fund's Cyclically Adjusted FCF per Share for the fiscal year that ended in Oct23 is calculated as:

For example, Clough Global Equity Fund's adjusted Free Cash Flow per Share data for the fiscal year that ended in Oct23 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Oct23 (Change)*Current CPI (Oct23)
=4.348/129.8097*129.8097
=4.348

Current CPI (Oct23) = 129.8097.

Clough Global Equity Fund Annual Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 1.159 99.695 1.509
201510 0.910 100.346 1.177
201610 3.542 101.988 4.508
201710 1.182 104.070 1.474
201810 11.259 106.695 13.698
201910 -0.914 108.577 -1.093
202010 -0.321 109.861 -0.379
202110 -4.678 116.696 -5.204
202210 2.013 125.734 2.078
202310 4.348 129.810 4.348

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.


Clough Global Equity Fund  (AMEX:GLQ) 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.


Clough Global Equity Fund Cyclically Adjusted Price-to-FCF Related Terms

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


Clough Global Equity Fund (Clough Global Equity Fund) Business Description

Traded in Other Exchanges
N/A
Address
1290 Broadway, Suite 1000, Denver, CO, USA, 80203
Clough Global Equity Fund is a closed-end management investment company. Its investment objective is to provide a high level of total return. The Fund invests in the equity, equity-related securities, and fixed-income securities in both U.S. and non-U.S. markets.
Executives
Charles Jr Clough other: person affiliated w/ Inv. Adv. 53 STATE STREET, 27TH FLOOR, BOSTON MA 02109
Christopher Moore officer: Secretary 1700 BROADWAY, SUITE 1850, DENVER CO 80290
Jill Kerschen officer: Treasurer 1700 BROADWAY, SUITE 1850, DENVER CO 80290
Clough Capital Partners, L.p. other: Investment Advisor of Fund 53 STATE STREET, 27TH FLOOR, SUITE 2702, BOSTON MA 02109
Lainey Ejiasa officer: President 1290 BROADWAY, SUITE 1000, DENVER CO 80203
Dylan Riter Mikel other: Assistant Treasurer 2921 SOUTH COORS DRIVE, LAKEWOOD CO 80228
Adams Nicholas other: Secretary 1055 BROADWAY, 3RD FL, KANSAS CITY MT 64105
Ryan Johanson officer: Treasurer 1290 BROADWAY SUITE 1000, DENVER CO 80203
Alex James Marks officer: Assistant Secretary 1290 BROADWAY, SUITE 1000, DENVER CO 80203
Erich Rettinger officer: Treasurer 1290 BROADWAY SUITE 1100, DENVER CO 80203
Michael Jason Hearle other: Person affiliated with Inv Adv 53 STATE STREET, 27TH FLOOR, BOSTON MA 02109
Kevin Joseph Mcnally officer: Trustee 53 STATE STREET, 27TH FLOOR, BOSTON MA 02109
Kelly Mcewen officer: Treasurer 5050 S. SYRACUSE ST., SUITE 1100, DENVER CO 80237
Karen Ann Digravio other: Trustee 1700 BROADWAY, SUITE 1850, DENVER CO 80290
Jerry G Rutledge director 2745 SPRINGMEDE COURT, COLORADO SPRINGS CO 80906

Clough Global Equity Fund (Clough Global Equity Fund) Headlines