GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » MSCI Inc (NYSE:MSCI) » Definitions » Cyclically Adjusted Price-to-FCF

MSCI (MSCI) Cyclically Adjusted Price-to-FCF : 55.23 (As of Apr. 27, 2024)


View and export this data going back to 2007. Start your Free Trial

What is MSCI Cyclically Adjusted Price-to-FCF?

As of today (2024-04-27), MSCI's current share price is $477.78. MSCI's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was $8.65. MSCI's Cyclically Adjusted Price-to-FCF for today is 55.23.

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

MSCI' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 23.46   Med: 64.71   Max: 129.68
Current: 53.71

During the past years, MSCI's highest Cyclically Adjusted Price-to-FCF was 129.68. The lowest was 23.46. And the median was 64.71.

MSCI's Cyclically Adjusted Price-to-FCF is ranked worse than
83.71% of 221 companies
in the Capital Markets industry
Industry Median: 19.29 vs MSCI: 53.71

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.

MSCI's adjusted free cash flow per share data for the three months ended in Mar. 2024 was $3.470. 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 $8.65 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


MSCI Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for MSCI'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.

MSCI Cyclically Adjusted Price-to-FCF Chart

MSCI 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 70.04 99.96 108.83 66.97 68.00

MSCI 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 76.72 61.60 64.41 68.00 64.80

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

For the Financial Data & Stock Exchanges subindustry, MSCI'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.


MSCI's Cyclically Adjusted Price-to-FCF Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, MSCI's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



MSCI 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=477.78/8.65
=55.23

* 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.

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

For example, MSCI'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)
=3.47/129.4194*129.4194
=3.470

Current CPI (Mar. 2024) = 129.4194.

MSCI Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.484 100.560 0.623
201409 0.745 100.428 0.960
201412 0.841 99.070 1.099
201503 0.532 99.621 0.691
201506 0.106 100.684 0.136
201509 1.112 100.392 1.434
201512 0.751 99.792 0.974
201603 0.314 100.470 0.404
201606 1.086 101.688 1.382
201609 1.412 101.861 1.794
201612 1.368 101.863 1.738
201703 0.299 102.862 0.376
201706 1.256 103.349 1.573
201709 0.982 104.136 1.220
201712 1.325 104.011 1.649
201803 0.893 105.290 1.098
201806 2.183 106.317 2.657
201809 1.431 106.507 1.739
201812 1.806 105.998 2.205
201903 0.931 107.251 1.123
201906 2.074 108.070 2.484
201909 2.031 108.329 2.426
201912 2.632 108.420 3.142
202003 1.192 108.902 1.417
202006 2.977 108.767 3.542
202009 2.226 109.815 2.623
202012 2.617 109.897 3.082
202103 2.456 111.754 2.844
202106 2.569 114.631 2.900
202109 2.407 115.734 2.692
202112 3.148 117.630 3.464
202203 2.781 121.301 2.967
202206 2.381 125.017 2.465
202209 3.772 125.227 3.898
202212 3.668 125.222 3.791
202303 3.014 127.348 3.063
202306 3.321 128.729 3.339
202309 3.398 129.860 3.386
202312 4.618 129.419 4.618
202403 3.470 129.419 3.470

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.


MSCI  (NYSE:MSCI) 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.


MSCI Cyclically Adjusted Price-to-FCF Related Terms

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


MSCI (MSCI) Business Description

Industry
Address
250 Greenwich Street, 49th Floor, 7 World Trade Center, New York, NY, USA, 10007
MSCI describes its mission as enabling investors to build better portfolios for a better world. MSCI's largest and most profitable segment is its index segment, where it provides benchmarking to asset managers and asset owners. In addition, it boasts over $1.3 trillion in ETF assets linked to MSCI indexes. The MSCI analytics segment provides portfolio management and risk management analytics software to asset managers and asset owners. MSCI's all other segment was broken out into ESG and climate and private assets segments in 2021. In ESG and climate, MSCI provides ESG data to the investment industry. In private assets, MSCI provides real restate reporting, market data, benchmarking, and analytics to investors and real estate managers.
Executives
Robert J. Gutowski officer: General Counsel C/O MSCI INC., 7 WORLD TRADE CENTER, 49TH FLOOR, NEW YORK NY 10007
Scott A Crum officer: Chief Human Resources Officer C/O MSCI INC., 7 WORLD TRADE CENTER, 250 GREENWICH STREET, 49TH FL., NEW YORK NY 10007
Catherine R Kinney director C/O QTS REALTY TRUST INC., 12851 FOSTER STREET, OVERLAND PARK KS 66213
Andrew C. Wiechmann officer: Interim CFO and Treasurer 7 WORLD TRADE CENTER, 250 GREENWICH STREET, 49TH FLOOR, NEW YORK NY 10007
Robin Matlock director C/O IRON MOUNTAIN INCORPORATED, ONE FEDERAL STREET, BOSTON MA 02110
Cd Baer Pettit officer: Head of Client Coverage MSCI INC., 88 PINE STREET, NEW YORK NY 10005
Jennifer H Mak officer: Principal Accounting Officer 115 TABOR ROAD, MORRIS PLAINS NJ 07950
Rajat Taneja director C/O ELECTRONIC ARTS INC., 209 REDWOOD SHORES PARKWAY, LEGAL DEPT., REDWOOD CITY CA 94065
Paula Volent director MSCI INC., 7 WORLD TRADE CENTER, 49TH FLOOR, NEW YORK NY 10007
Sandy C. Rattray director MSCI INC., 7 WORLD TRADE CENTER, 49TH FLOOR, NEW YORK NY 10007
Henry A Fernandez director, officer: Chairman, CEO and President MSCI INC., 88 PINE STREET, NEW YORK NY 10005
Laurent Seyer officer: Global Head of Client Cvrg 7 WORLD TRADE CENTER, 250 GREENWICH STREET, 49TH FLOOR, NEW YORK NY 10007
Benjamin F Dupont director C/O MSCI INC., 88 PINE STREET, NEW YORK NY 10005
Linda Huber officer: CFO and Treasurer FACTSET RESEARCH SYSTEMS INC., 45 GLOVER AVENUE, NORWALK CT 06850
Jigar Thakkar officer: Chief Technology Officer C/O MSCI INC., 7 WORLD TRADE CENTER, 49TH FLOOR, NEW YORK NY 10007

MSCI (MSCI) Headlines