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National Fuel Gas Co (National Fuel Gas Co) Cyclically Adjusted Price-to-FCF : (As of Apr. 27, 2024)


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What is National Fuel Gas Co Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


National Fuel Gas Co Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for National Fuel Gas Co'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.

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National Fuel Gas Co Cyclically Adjusted Price-to-FCF Chart

National Fuel Gas Co Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
Cyclically Adjusted Price-to-FCF
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National Fuel Gas Co Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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Competitive Comparison of National Fuel Gas Co's Cyclically Adjusted Price-to-FCF

For the Oil & Gas Integrated subindustry, National Fuel Gas Co'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.


National Fuel Gas Co's Cyclically Adjusted Price-to-FCF Distribution in the Oil & Gas Industry

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

* The bar in red indicates where National Fuel Gas Co's Cyclically Adjusted Price-to-FCF falls into.



National Fuel Gas Co 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.

National Fuel Gas Co's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, National Fuel Gas Co'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)
=0.26/129.4194*129.4194
=0.260

Current CPI (Dec. 2023) = 129.4194.

National Fuel Gas Co Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 1.816 99.695 2.357
201406 -0.232 100.560 -0.299
201409 -1.423 100.428 -1.834
201412 -0.656 99.070 -0.857
201503 0.822 99.621 1.068
201506 -0.240 100.684 -0.308
201509 -1.871 100.392 -2.412
201512 -0.855 99.792 -1.109
201603 0.308 100.470 0.397
201606 0.285 101.688 0.363
201609 0.344 101.861 0.437
201612 0.450 101.863 0.572
201703 1.222 102.862 1.537
201706 1.077 103.349 1.349
201709 -0.025 104.136 -0.031
201712 -0.522 104.011 -0.650
201803 0.835 105.290 1.026
201806 1.007 106.317 1.226
201809 -0.955 106.507 -1.160
201812 -0.844 105.998 -1.030
201903 0.316 107.251 0.381
201906 0.332 108.070 0.398
201909 -0.894 108.329 -1.068
201912 -0.354 108.420 -0.423
202003 0.303 108.902 0.360
202006 0.570 108.767 0.678
202009 -5.797 109.815 -6.832
202012 0.234 109.897 0.276
202103 0.620 111.754 0.718
202106 0.880 114.631 0.994
202109 -1.299 115.734 -1.453
202112 -0.456 117.630 -0.502
202203 0.567 121.301 0.605
202206 0.557 125.017 0.577
202209 -0.660 125.227 -0.682
202212 1.017 125.222 1.051
202303 1.174 127.348 1.193
202306 1.357 128.729 1.364
202309 -1.085 129.860 -1.081
202312 0.260 129.419 0.260

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.


National Fuel Gas Co  (NYSE:NFG) 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.


National Fuel Gas Co Cyclically Adjusted Price-to-FCF Related Terms

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


National Fuel Gas Co (National Fuel Gas Co) Business Description

Industry
Traded in Other Exchanges
Address
6363 Main Street, Williamsville, NY, USA, 14221
National Fuel Gas Co is a diversified energy company engaged in the production, gathering, transportation, distribution, and marketing of natural gas. The operating segments of the company are the Exploration and Production segment, the Pipeline and Storage segment, the Gathering segment, and the Utility segment. Geographically it generates revenue from the United States and majorly it generates revenue from Exploration and Production segment.
Executives
Timothy J Silverstein officer: Treasurer & Prin. Fin.Officer 6363 MAIN STREET, WILLIAMSVILLE NY 14221
Michael W Reville officer: General Counsel and Secretary 6363 MAIN STREET, WILLIAMSVILLE NY 14221
Ronald C Kraemer officer: Pres - Empire Pipeline 6363 MAIN STREET, WILLIAMSVILLE NY 14221
Ronald J Tanski officer: Controller NATIONAL FUEL GAS COMPANY, 6363 MAIN ST, WILLIAMSVILLE NY 14221
Justin I Loweth officer: Pres - Seneca Resources 1201 LOUISIANA STREET, SUITE 2600, HOUSTON TX 77002
Donna L Decarolis officer: President, Horizon Power 6363 MAIN ST., WILLIAMSVILLE NY 14221
David P Bauer officer: Treasurer, Prin.Fin. Officer 6363 MAIN STREET, WILLIAMSVILLE NY 14221
Sarah J Mugel officer: General Counsel and Secretary 6363 MAIN STREET, WILLIAMSVILLE NY 14221
Barbara M Baumann director 1776 LINCOLN ST, STE 700, DENVER CO 80203
Paula M Ciprich officer: General Counsel. NFG Co. 6363 MAIN STREET, WILLIAMSVILLE NY 14221
Michael P Kasprzak officer: President NFG Midstream Co 6363 MAIN STREET, WILLIAMSVILLE NY 14221
Elena G Mendel officer: Controller 6363 MAIN STREET, WILLIAMSVILLE NY 14221
Martin A Krebs officer: Chief Information Officer 6363 MAIN STREET, WILLIAMSVILLE NY 14221
David Hugo Anderson director
John P Mcginnis officer: COO - Seneca Resources 1201 LOUISIANA STREET, SUITE 2600, HOUSTON TX 77002

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