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Tetra Tech (Tetra Tech) Cyclically Adjusted Price-to-FCF : 45.40 (As of Apr. 27, 2024)


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What is Tetra Tech Cyclically Adjusted Price-to-FCF?

As of today (2024-04-27), Tetra Tech's current share price is $192.50. Tetra Tech's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was $4.24. Tetra Tech's Cyclically Adjusted Price-to-FCF for today is 45.40.

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

TTEK' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 13.38   Med: 26.6   Max: 59.95
Current: 45.36

During the past years, Tetra Tech's highest Cyclically Adjusted Price-to-FCF was 59.95. The lowest was 13.38. And the median was 26.60.

TTEK's Cyclically Adjusted Price-to-FCF is ranked worse than
79.68% of 566 companies
in the Construction industry
Industry Median: 17.73 vs TTEK: 45.36

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.

Tetra Tech's adjusted free cash flow per share data for the three months ended in Dec. 2023 was $0.108. 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 $4.24 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Tetra Tech Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Tetra Tech'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.

Tetra Tech Cyclically Adjusted Price-to-FCF Chart

Tetra Tech Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 36.93 35.68 47.32 34.18 35.20

Tetra Tech Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 38.50 37.47 39.90 35.20 39.34

Competitive Comparison of Tetra Tech's Cyclically Adjusted Price-to-FCF

For the Engineering & Construction subindustry, Tetra Tech'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.


Tetra Tech's Cyclically Adjusted Price-to-FCF Distribution in the Construction Industry

For the Construction industry and Industrials sector, Tetra Tech's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Tetra Tech 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=192.50/4.24
=45.40

* 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.

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

For example, Tetra Tech'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)
=0.108/129.4194*129.4194
=0.108

Current CPI (Dec. 2023) = 129.4194.

Tetra Tech Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 0.143 99.695 0.186
201406 0.841 100.560 1.082
201409 0.133 100.428 0.171
201412 -0.027 99.070 -0.035
201503 0.233 99.621 0.303
201506 1.664 100.684 2.139
201509 0.409 100.392 0.527
201512 0.341 99.792 0.442
201603 0.065 100.470 0.084
201606 0.946 101.688 1.204
201609 0.866 101.861 1.100
201612 -1.045 101.863 -1.328
201703 1.841 102.862 2.316
201706 0.311 103.349 0.389
201709 1.173 104.136 1.458
201712 -1.052 104.011 -1.309
201803 1.391 105.290 1.710
201806 0.903 106.317 1.099
201809 1.883 106.507 2.288
201812 -0.340 105.998 -0.415
201903 1.987 107.251 2.398
201906 0.203 108.070 0.243
201909 1.598 108.329 1.909
201912 -0.385 108.420 -0.460
202003 1.779 108.902 2.114
202006 1.972 108.767 2.346
202009 1.191 109.815 1.404
202012 0.574 109.897 0.676
202103 2.224 111.754 2.576
202106 1.229 114.631 1.388
202109 1.383 115.734 1.547
202112 1.482 117.630 1.631
202203 1.675 121.301 1.787
202206 1.771 125.017 1.833
202209 1.081 125.227 1.117
202212 0.377 125.222 0.390
202303 1.541 127.348 1.566
202306 2.347 128.729 2.360
202309 2.101 129.860 2.094
202312 0.108 129.419 0.108

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.


Tetra Tech  (NAS:TTEK) 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.


Tetra Tech Cyclically Adjusted Price-to-FCF Related Terms

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


Tetra Tech (Tetra Tech) Business Description

Industry
Traded in Other Exchanges
Address
3475 East Foothill Boulevard, Pasadena, CA, USA, 91107
Tetra Tech Inc provides consulting and engineering services for environmental, infrastructure, resource management, energy, and international development markets. It specializes in providing water-related services for public and private clients. It designs infrastructure, facilities, and other structures with complex plans and resource management. Tetra Tech has two reportable segments. Its Government Services Group (GSG) reportable segment primarily includes activities with U.S. government clients (federal, state and local) and activities with development agencies worldwide. Commercial/International Services Group (CIG) reportable segment primarily includes activities with U.S. commercial clients and international clients other than development agencies.
Executives
Brian N Carter officer: SVP, CORPORATE CONTROLLER 3475 EAST FOOTHILL BOULEVARD, PASADENA CA 91107
Kirsten M Volpi director TETRA TECH, INC., 3475 EAST FOOTHILL BOULEVARD, PASADENA CA 91107
Dan L Batrack director, officer: CHAIRMAN AND CEO TETRA TECH, INC., 3475 EAST FOOTHILL BOULEVARD, PASADENA CA 91107
Jill Hudkins officer: President 3475 E. FOOTHILL BLVD., PASADENA CA 91107
Roger R Argus officer: SVP, Gov't Svcs. Group TETRA TECH, INC., 3475 EAST FOOTHILL BOULEVARD, PASADENA CA 91107
Preston Iii Hopson officer: SVP, GENERAL COUNSEL 3475 E FOOTHILL BLVD, PASADENA CA 91107
J Kenneth Thompson director ALASKA AIR GROUP, 19300 PACIFIC HIGHWAY SOUTH, SEATTLE WA 98188
Kimberly E Ritrievi director TETRA TECH, INC, 3475 E. FOOTHILL BLVD., PASADENA CA 91107
Steven M Burdick officer: EVP, CFO TETRA TECH, INC., 3475 EAST FOOTHILL BOULEVARD, PASADENA CA 91107
Christiana Obiaya director 130 W UNION STREET, PASADENA CA 91103
J Christopher Lewis director TETRA TECH, INC, 3475 EAST FOOTHILL BOULEVARD, PASADENA CA 91107
Prashant Gandhi director 3475 E. FOOTHILL BLVD., PASADENA CA 91107
William R Brownlie officer: SVP, CHIEF ENGINEER 3475 EAST FOOTHILL BOULEVARD, PASADENA CA 91107
Patrick C Haden director 3475 EAST FOOTHILL BOULEVARD, PASADENA CA 91107
Brendan M. O'rourke officer: SVP, Enterprise Risk Mgmt. 3475 E FOOTHILL BLVD, PASADENA CA 91107