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NVR (NVR) Cyclically Adjusted Price-to-FCF : 30.93 (As of Apr. 27, 2024)


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What is NVR Cyclically Adjusted Price-to-FCF?

As of today (2024-04-27), NVR's current share price is $7647.04. NVR's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was $247.22. NVR's Cyclically Adjusted Price-to-FCF for today is 30.93.

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

NVR' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 14.47   Med: 31.34   Max: 65.37
Current: 31.25

During the past years, NVR's highest Cyclically Adjusted Price-to-FCF was 65.37. The lowest was 14.47. And the median was 31.34.

NVR's Cyclically Adjusted Price-to-FCF is ranked worse than
79.17% of 48 companies
in the Homebuilding & Construction industry
Industry Median: 16.085 vs NVR: 31.25

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.

NVR's adjusted free cash flow per share data for the three months ended in Dec. 2023 was $144.996. 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 $247.22 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


NVR Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for NVR'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.

NVR Cyclically Adjusted Price-to-FCF Chart

NVR 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 45.18 37.92 39.97 22.54 28.32

NVR 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 25.42 28.53 25.00 28.32 -

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

For the Residential Construction subindustry, NVR'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.


NVR's Cyclically Adjusted Price-to-FCF Distribution in the Homebuilding & Construction Industry

For the Homebuilding & Construction industry and Consumer Cyclical sector, NVR's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



NVR 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=7647.04/247.22
=30.93

* 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.

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

For example, NVR'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)
=144.996/129.4194*129.4194
=144.996

Current CPI (Dec. 2023) = 129.4194.

NVR Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 -4.593 99.695 -5.962
201406 -3.708 100.560 -4.772
201409 -7.189 100.428 -9.264
201412 51.969 99.070 67.890
201503 -1.534 99.621 -1.993
201506 -9.971 100.684 -12.817
201509 11.897 100.392 15.337
201512 48.935 99.792 63.463
201603 -10.985 100.470 -14.150
201606 11.098 101.688 14.125
201609 20.636 101.861 26.219
201612 71.352 101.863 90.655
201703 25.165 102.862 31.662
201706 15.546 103.349 19.468
201709 35.551 104.136 44.183
201712 52.741 104.011 65.625
201803 17.752 105.290 21.820
201806 20.590 106.317 25.064
201809 78.106 106.507 94.909
201812 57.318 105.998 69.983
201903 56.276 107.251 67.908
201906 17.517 108.070 20.978
201909 50.345 108.329 60.146
201912 88.448 108.420 105.579
202003 16.615 108.902 19.745
202006 77.058 108.767 91.689
202009 51.932 109.815 61.203
202012 85.965 109.897 101.236
202103 82.631 111.754 95.692
202106 48.562 114.631 54.827
202109 118.674 115.734 132.707
202112 67.653 117.630 74.434
202203 83.498 121.301 89.086
202206 38.009 125.017 39.348
202209 173.575 125.227 179.387
202212 238.172 125.222 246.156
202303 90.748 127.348 92.224
202306 5.754 128.729 5.785
202309 188.259 129.860 187.621
202312 144.996 129.419 144.996

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.


NVR  (NYSE:NVR) 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.


NVR Cyclically Adjusted Price-to-FCF Related Terms

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


NVR (NVR) Business Description

Traded in Other Exchanges
Address
11700 Plaza America Drive, Suite 500, Reston, VA, USA, 20190
NVR Inc is a United States-based homebuilding company operating in over 33 metropolitan areas across the east of the Mississippi River. The company builds single-family detached homes, townhomes, and condominium buildings under three brands, Ryan Homes, NVHomes, and Heartland Homes. NVR's avoidance of direct land development activity is unique among public homebuilders and results in relatively outsize return metrics. The Virginia-based company also manages mortgage banking segment and homebuilding operating segments. The homebuilding segment includes four geographic areas; Mid-Atlantic, North East, Mid-East, and South East.
Executives
Daniel David Malzahn officer: Chief Financial Officer 11700 PLAZA AMERICA DRIVE, SUITE 500, RESTON VA 20190
Paul C Saville officer: Executive Vice President, CFO C/O NVR INC, 7601 LEWINSVILLE ROAD SUITE 300, MCLEEAN VA 22102
Susan Williamson Ross director 11700 PLAZA AMERICA DR, SUITE 500, RESTON VA 20190
Eugene James Bredow officer: Controller 11700 PLAZA AMERICA DRIVE, SUITE 500, RESTON VA 20190
Matthew B. Kelpy officer: VP, Chief Accounting Officer 11700 PLAZA AMERICA DRIVE, SUITE 500, RESTON VA 20190
Melquiades R. Martinez director 450 SOUTH ORANGE AVENUE, SUITE 250, ORLANDO FL 32801-3443
Alfred E Festa director
Charles Elliott Andrews director C/O H&R BLOCK, ONE H&R BLOCK WAY, KANSAS CITY MO 64105
Sallie B Bailey director FERRO CORPORATION, 1000 LAKESIDE AVENUE, CLEVELAND OH 44124-1147
Thomas D Eckert director 1997 ANNAPOLIS EXCHANGE PARKWAY, SUITE 410, ANNAPOLIS MD 21401
Manuel H Johnson director C/O NVR INC, 7601 LEWINSVILLE ROAD SUITE 300, MCLEEAN VA 22102
Paul W Praylo officer: SVP, Chief Operating Officer 11700 PLAZA AMERICA DR, SUITE 500, RESTON VA 20190
Alexandra A Jung director 11700 PLAZA AMERICA DR, SUITE 500, RESTON VA 20190
Jeffrey D Martchek officer: President of Homebuilding Ops 11700 PLAZA AMERICA DRIVE, SUITE 500, RESTON VA 20190
David A Preiser director

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