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NVDA (NVIDIA) Cyclically Adjusted FCF per Share : $0.61 (As of Apr. 2025)


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What is NVIDIA Cyclically Adjusted FCF per Share?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted FCF per Share and 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.

NVIDIA's adjusted free cash flow per share for the three months ended in Apr. 2025 was $1.064. Add all the adjusted free cash flow per share for the past 10 years together and divide the count will get our Cyclically Adjusted FCF per Share, which is $0.61 for the trailing ten years ended in Apr. 2025.

During the past 12 months, NVIDIA's average Cyclically Adjusted FCF Growth Rate was 96.80% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 60.90% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 45.20% per year. During the past 10 years, the average Cyclically Adjusted FCF Growth Rate was 31.10% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted FCF Growth Rate using Cyclically Adjusted FCF per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted FCF Growth Rate of NVIDIA was 60.90% per year. The lowest was 10.10% per year. And the median was 26.00% per year.

As of today (2025-06-27), NVIDIA's current stock price is $155.02. NVIDIA's Cyclically Adjusted FCF per Share for the quarter that ended in Apr. 2025 was $0.61. NVIDIA's Cyclically Adjusted Price-to-FCF of today is 254.13.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of NVIDIA was 425.42. The lowest was 16.18. And the median was 134.78.


NVIDIA Cyclically Adjusted FCF per Share Historical Data

The historical data trend for NVIDIA's Cyclically Adjusted FCF per Share 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.

NVIDIA Cyclically Adjusted FCF per Share Chart

NVIDIA Annual Data
Trend Jan16 Jan17 Jan18 Jan19 Jan20 Jan21 Jan22 Jan23 Jan24 Jan25
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.09 0.12 0.14 0.25 0.50

NVIDIA Quarterly Data
Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25 Apr25
Cyclically Adjusted FCF per Share 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 0.31 0.37 0.44 0.50 0.61

Competitive Comparison of NVIDIA's Cyclically Adjusted FCF per Share

For the Semiconductors subindustry, NVIDIA'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.


NVIDIA's Cyclically Adjusted Price-to-FCF Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, NVIDIA's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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


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NVIDIA Cyclically Adjusted FCF per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted FCF per Share and 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.

What is Cyclically Adjusted FCF per Share? How do we calculate Cyclically Adjusted FCF per Share?

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. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted FCF per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the free cash flow per share from 2001 through 2010.

We adjusted the 2001 free cash flow per share data with the total inflation from 2001 through 2010 to the equivalent free cash flow in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's free cash flow is $1 a share in 2001, then the 2001's equivalent free cash flow in 2010 is $1.4 a share. If Wal-Mart's free cash flow is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 free cash flow in 2010 is $1.35. So on and so forth, you get the equivalent free cash flow per share of past 10 years. Then you add them together and divided the sum by the count to get 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.

For example, NVIDIA's adjusted Free Cash Flow per Share data for the three months ended in Apr. 2025 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Apr. 2025 (Change)*Current CPI (Apr. 2025)
=1.064/135.3468*135.3468
=1.064

Current CPI (Apr. 2025) = 135.3468.

NVIDIA Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201507 0.006 100.691 0.008
201510 0.011 100.346 0.015
201601 0.021 99.957 0.028
201604 0.011 100.947 0.015
201607 0.007 101.524 0.009
201610 0.015 101.988 0.020
201701 0.024 102.456 0.032
201704 0.009 103.167 0.012
201707 0.026 103.278 0.034
201710 0.043 104.070 0.056
201801 0.037 104.578 0.048
201804 0.053 105.708 0.068
201807 0.031 106.324 0.039
201810 0.013 106.695 0.016
201901 0.028 106.200 0.036
201904 0.024 107.818 0.030
201907 0.033 108.250 0.041
201910 0.062 108.577 0.077
202001 0.053 108.841 0.066
202004 0.030 108.173 0.038
202007 0.054 109.318 0.067
202010 0.032 109.861 0.039
202101 0.071 110.364 0.087
202104 0.062 112.673 0.074
202107 0.099 115.183 0.116
202110 0.051 116.696 0.059
202201 0.108 118.619 0.123
202204 0.054 121.978 0.060
202207 0.033 125.002 0.036
202210 -0.006 125.734 -0.006
202301 0.070 126.223 0.075
202304 0.107 127.992 0.113
202307 0.242 128.974 0.254
202310 0.283 129.810 0.295
202401 0.451 130.124 0.469
202404 0.602 132.289 0.616
202407 0.544 132.708 0.555
202410 0.679 133.182 0.690
202501 0.630 134.029 0.636
202504 1.064 135.347 1.064

Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF per Share.


NVIDIA  (NAS:NVDA) Cyclically Adjusted FCF per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted FCF per Share may underestimate the company's free cash flow. Cyclically Adjusted Price-to-FCF can seem to be too high even the actual Price-to-Free-Cash-Flow is low.

For the Cyclically Adjusted Price-to-FCF, the free cash flow per share of the past 10 years are inflation-adjusted and averaged. The result is used for P/FCF calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted Price-to-FCF is also called CAPFCF Ratio.

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.

NVIDIA's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=155.02/0.61
=254.13

* 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.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of NVIDIA was 425.42. The lowest was 16.18. And the median was 134.78.


Be Aware

Cyclically Adjusted Price-to-FCF works better for cyclical companies. It gives you a better idea on the company's real free cash flow value.


NVIDIA Cyclically Adjusted FCF per Share Related Terms

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


NVIDIA Business Description

Industry
Address
2788 San Tomas Expressway, Santa Clara, CA, USA, 95051
Nvidia is a leading developer of graphics processing units. Traditionally, GPUs were used to enhance the experience on computing platforms, most notably in gaming applications on PCs. GPU use cases have since emerged as important semiconductors used in artificial intelligence. Nvidia not only offers AI GPUs, but also a software platform, Cuda, used for AI model development and training. Nvidia is also expanding its data center networking solutions, helping to tie GPUs together to handle complex workloads.
Executives
Robertson Donald F Jr officer: Principal Accounting Officer C/O NVIDIA CORPORATION, 2788 SAN TOMAS EXPRESSWAY, SANTA CLARA CA 95051
Kress Colette officer: Chief Financial Officer & EVP C/O NVIDIA CORPORATION, 2788 SAN TOMAS EXPRESSWAY, SANTA CLARA CA 95051
Aarti S. Shah director NVIDIA CORPORATION, 2788 SAN TOMAS EXPRESSWAY, SANTA CLARA CA 95051
Robert K Burgess director MACROMEDIA/ 600 TOWNSEND ST, SAN FRANCISCO CA 94103
John Dabiri director 2788 SAN TOMAS EXPRESSWAY, SANTA CLARA CA 95051
Ajay K Puri officer: EVP, Worldwide Sales 2788 SAN TOMAS EXPRESSWAY, SANTA CLARA CA 95051
Tench Coxe director 755 PAGE MILL ROAD, SUITE A-200, PALO ALTO CA 94304
Mark A Stevens director 2788 SAN TOMAS EXPRESSWAY, SANTA CLARA CA 95051
Jen Hsun Huang director, officer: President and CEO 2788 SAN TOMAS EXPRESSWAY, SANTA CLARA CA 95051
Debora Shoquist officer: EVP, Operations C/O NVIDIA CORPORATION, 2788 SAN TOMAS EXPRESSWAY, SANTA CLARA CA 95051
Dawn E Hudson director 2530 ZANKER ROAD, SAN JOSE CA 95131
Michael G Mccaffery director 2788 SAN TOMAS EXPRESSWAY, SANTA CLARA CA 95051
A Brooke Seawell director 2788 SAN TOMAS EXPRESSWAY, C/O NVIDIA CORPORATION, SANTA CLARA CA 94063
Persis Drell director 943 LATHROP PLACE, STANFORD CA 94305
Harvey C Jones director 300 RIDGEVIEW DRIVE, PALM BEACH FL 33480