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ManpowerGroup (ManpowerGroup) Cyclically Adjusted Price-to-FCF : 7.91 (As of Apr. 27, 2024)


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What is ManpowerGroup Cyclically Adjusted Price-to-FCF?

As of today (2024-04-27), ManpowerGroup's current share price is $75.85. ManpowerGroup's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was $9.59. ManpowerGroup's Cyclically Adjusted Price-to-FCF for today is 7.91.

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

MAN' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 6.9   Med: 17.64   Max: 28.16
Current: 7.91

During the past years, ManpowerGroup's highest Cyclically Adjusted Price-to-FCF was 28.16. The lowest was 6.90. And the median was 17.64.

MAN's Cyclically Adjusted Price-to-FCF is ranked better than
77.53% of 356 companies
in the Business Services industry
Industry Median: 17.405 vs MAN: 7.91

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.

ManpowerGroup's adjusted free cash flow per share data for the three months ended in Mar. 2024 was $2.131. 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 $9.59 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


ManpowerGroup Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for ManpowerGroup'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.

ManpowerGroup Cyclically Adjusted Price-to-FCF Chart

ManpowerGroup 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 18.22 13.35 11.75 9.18 8.51

ManpowerGroup Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 8.64 8.50 7.61 8.51 8.10

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

For the Staffing & Employment Services subindustry, ManpowerGroup'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.


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

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

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



ManpowerGroup 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=75.85/9.59
=7.91

* 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.

ManpowerGroup's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, ManpowerGroup's adjusted Free Cash Flow per Share data for the three months ended in Mar. 2024 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=2.131/129.4194*129.4194
=2.131

Current CPI (Mar. 2024) = 129.4194.

ManpowerGroup Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -0.157 100.560 -0.202
201409 1.340 100.428 1.727
201412 2.314 99.070 3.023
201503 0.156 99.621 0.203
201506 0.079 100.684 0.102
201509 2.997 100.392 3.864
201512 2.807 99.792 3.640
201603 2.014 100.470 2.594
201606 1.152 101.688 1.466
201609 1.864 101.861 2.368
201612 2.678 101.863 3.402
201703 2.635 102.862 3.315
201706 -0.849 103.349 -1.063
201709 1.846 104.136 2.294
201712 1.470 104.011 1.829
201803 -1.063 105.290 -1.307
201806 3.327 106.317 4.050
201809 1.745 106.507 2.120
201812 2.515 105.998 3.071
201903 1.507 107.251 1.819
201906 2.669 108.070 3.196
201909 3.418 108.329 4.083
201912 5.089 108.420 6.075
202003 2.914 108.902 3.463
202006 6.964 108.767 8.286
202009 1.846 109.815 2.176
202012 3.457 109.897 4.071
202103 2.302 111.754 2.666
202106 0.769 114.631 0.868
202109 3.123 115.734 3.492
202112 4.285 117.630 4.714
202203 0.941 121.301 1.004
202206 -1.341 125.017 -1.388
202209 4.851 125.227 5.013
202212 2.230 125.222 2.305
202303 2.159 127.348 2.194
202306 -3.495 128.729 -3.514
202309 4.894 129.860 4.877
202312 1.830 129.419 1.830
202403 2.131 129.419 2.131

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.


ManpowerGroup  (NYSE:MAN) 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.


ManpowerGroup Cyclically Adjusted Price-to-FCF Related Terms

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


ManpowerGroup (ManpowerGroup) Business Description

Industry
Traded in Other Exchanges
N/A
Address
100 Manpower Place, Milwaukee, WI, USA, 53212
Manpower is one of the three largest multinational firms in the fragmented and over $600 billion global staffing industry. The firm generates most of its sales outside the U.S. and boasts a vast global footprint. Its client base consists of mainly large and multinational companies, but the firm also services small and midsize businesses through its local branch network. It offers each main staffing service (temporary, permanent, and project based) across a variety of professions under its four subsidiary brands: Experis specializes in IT placements; Talent Solutions provides recruitment process outsourcing, or RPO, and outplacement services; Jefferson Wells serves finance, tax, and compliance needs; Manpower focuses on manufacturing, administrative, and assembly positions.
Executives
Donald O Mondano officer: SVP, Global Controller MANPOWERGROUP INC., 100 MANPOWER PLACE, MILWAUKEE WI 53212
Ulice Jr Payne director MANPOWERGROUP INC., 100 MANPOWER PLACE, MILWAUKEE WI 53212
Muriel Francoise Penicaud director 22 PASSAGE COURTOIS, PARIS I0 75011
John T Mcginnis officer: EVP, CFO C/O MANPOWERGROUP INC., 100 MANPOWER PLACE, MILWAUKEE WI 53212
Richard Buchband officer: SVP, General Counsel 100 MANPOWER PLACE, MILWAUKEE WI 53212
Cari M Dominguez director MANPOWERGROUP INC., 100 MANPOWER PLACE, MILWAUKEE WI 53212
Jean Philippe Courtois director MICROSOFT CORPORATION, ONE MICROSOFT WAY, REDMOND WA 98052-6399
William P Gipson director 1201 S 2ND STREET, MILWAUKEE WI 53204
Michelle Nettles officer: Chief People & Culture MANPOWERGROUP INC., 100 MANPOWER PLACE, MILWAUKEE WI 53212
Mara E Swan officer: EVP C/O ADOLPH COORS CO, 311 10TH ST. MH311, GOLDEN CO 80401-0030
Gina Boswell director MANPOWERGROUP INC., 100 MANPOWER PLACE, MILWAUKEE WI 53212
Jonas Prising director, officer: CEO MANPOWERGROUP INC., 100 MANPOWER PLACE, MILWAUKEE WI 53212
Van Handel Michael J officer: EVP, CFO MANPOWERGROUP INC., 100 MANPOWER PLACE, MILWAUKEE WI 53212
Sriram Chandrashekar officer: EVP 10 HOE CHIANG ROAD #21, 04/05 KEPPEL TOWERS, SINGAPORE U0 089315
William Downe director MANPOWERGROUP INC., 100 MANPOWER PLACE, MILWAUKEE WI 53212