AU (Anglogold Ashanti) Cyclically Adjusted FCF per Share: $ (As of Jun. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

AU Anglogold Ashanti PLC AU
85 GF Score
Price $103.29
GF Value $60.55
Valuation Significantly Overvalued
! 1 Warning Sign
View Full Analysis

What is Anglogold Ashanti Cyclically Adjusted FCF per Share?

Anglogold Ashanti AU +0.91% 85 Cyclically Adjusted FCF per Share is $ as of Jun. 2026. GuruFocus rates AU with a GF Score™ of 85/100 and a GF Value™ of $60.55 (Significantly Overvalued). The stock has 1 warning sign investors should review.

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.

Anglogold Ashanti's adjusted free cash flow per share for the three months ended in Jun. 2026 was $1.834. 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 $ for the trailing ten years ended in Jun. 2026.

During the past 12 months, Anglogold Ashanti's average Cyclically Adjusted FCF Growth Rate was 127.80% 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 Anglogold Ashanti was 15.80% per year. The lowest was -93.10% per year. And the median was -17.70% per year.

As of today (2026-09-20), Anglogold Ashanti's current stock price is $103.29. Anglogold Ashanti's Cyclically Adjusted FCF per Share for the quarter that ended in Jun. 2026 was $. Anglogold Ashanti's Cyclically Adjusted Price-to-FCF of today is .

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Anglogold Ashanti was 1077.50. The lowest was 15.64. And the median was 47.76.


Anglogold Ashanti  (NYSE:AU) 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.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Anglogold Ashanti was 1077.50. The lowest was 15.64. And the median was 47.76.


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.


Anglogold Ashanti Cyclically Adjusted FCF per Share Related Terms


Anglogold Ashanti Cyclically Adjusted FCF per Share Historical Data

* Premium members only.

The historical data trend for Anglogold Ashanti'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.

Anglogold Ashanti Cyclically Adjusted FCF per Share Chart

Anglogold Ashanti Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - - -

Anglogold Ashanti Quarterly Data
Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Sep24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 - - - - -

AU vs RGLD, CDE, AUGO: Cyclically Adjusted FCF per Share Comparison

For the Gold subindustry, Anglogold Ashanti'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.


Anglogold Ashanti Cyclically Adjusted Price-to-FCF vs Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Anglogold Ashanti's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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


AU
85GF Score
Anglogold Ashanti PLC AU
Cyclically Adjusted FCF per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Anglogold Ashanti 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, Anglogold Ashanti's adjusted Free Cash Flow per Share data for the three months ended in Jun. 2026 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=1.834/333.9520*333.9520
=1.834

Current CPI (Jun. 2026) = 333.9520.

Anglogold Ashanti Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
200712 -0.372 210.036 -0.591
200803 -0.248 213.528 -0.388
200806 -1.145 218.815 -1.747
200809 -3.841 218.783 -5.863
200812 0.720 210.228 1.144
200903 -0.076 212.709 -0.119
200906 -0.157 215.693 -0.243
200909 -2.013 215.969 -3.113
200912 0.389 215.949 0.602
201003 0.015 217.631 0.023
201006 0.397 217.965 0.608
201009 -3.466 218.439 -5.299
201012 -1.958 219.179 -2.983
201103 0.704 223.467 1.052
201106 0.695 225.722 1.028
201109 1.253 226.889 1.844
201112 0.211 225.672 0.312
201203 0.622 229.392 0.906
201206 0.095 229.478 0.138
201209 -0.409 231.407 -0.590
201212 -0.509 229.601 -0.740
201303 -0.172 232.773 -0.247
201306 -0.807 233.504 -1.154
201309 -0.151 234.149 -0.215
201312 0.028 233.049 0.040
201403 0.130 236.293 0.184
201406 0.313 238.343 0.439
201409 0.134 238.031 0.188
201412 -0.223 234.812 -0.317
201503 -0.128 236.119 -0.181
201506 0.360 238.638 0.504
201509 -0.034 237.945 -0.048
201512 0.411 236.525 0.580
202409 0.000 315.301 0.000
202503 0.832 319.799 0.869
202506 1.379 322.561 1.428
202509 2.160 324.800 2.221
202512 1.759 324.054 1.813
202603 2.549 330.213 2.578
202606 1.834 333.952 1.834

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

What does a Cyclically Adjusted FCF per Share of $ mean?
Anglogold Ashanti (AU) has a Cyclically Adjusted FCF per Share of $ as of Jun. 2026. Cyclically Adjusted FCF per Share represents the company's inflation-adjusted FCF per share over a 10-year period. View historical data on Anglogold Ashanti and its competitors.
Is Anglogold Ashanti's Cyclically Adjusted FCF per Share too high?
Anglogold Ashanti's current Cyclically Adjusted FCF per Share is $. Overall, Anglogold Ashanti has a GF Score™ of 85/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Anglogold Ashanti's Cyclically Adjusted FCF per Share compare to RGLD and CDE?
Anglogold Ashanti's Cyclically Adjusted FCF per Share of $ can be compared against companies in the Metals & Mining industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted FCF per Share for a Metals & Mining company?
A good Cyclically Adjusted FCF per Share depends on the Metals & Mining industry context. However, Cyclically Adjusted FCF per Share should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted FCF per Share mean?
A high Cyclically Adjusted FCF per Share can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted FCF per Share represents the company's inflation-adjusted FCF per share over a 10-year period. View historical data on Anglogold Ashanti and its competitors. Anglogold Ashanti's current Cyclically Adjusted FCF per Share is $. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Anglogold Ashanti stock overvalued right now?
Based on GuruFocus' analysis, Anglogold Ashanti (AU) is currently considered Significantly Overvalued. The stock's GF Value™ is $60.55, compared to a current price of $103.29 — trading 70.6% above its estimated fair value. The current Cyclically Adjusted FCF per Share is $. Anglogold Ashanti's overall GF Score™ is 85/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted FCF per Share calculated?
Cyclically Adjusted FCF per Share is calculated from a company's financial statements. For Anglogold Ashanti (AU), the current Cyclically Adjusted FCF per Share is $ as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Anglogold Ashanti (AU) Overvalued in 2026?

Based on GuruFocus' analysis, Anglogold Ashanti stock appears to be overvalued. The current stock price of $103.29 is trading 70.6% above its estimated GF Value™ of $60.55. GuruFocus considers Anglogold Ashanti to be Significantly Overvalued.

Key valuation signals for AU:

  • Cyclically Adjusted FCF per Share: $
  • GF Value™: $60.55 vs. price of $103.29 (70.6% above fair value)
  • GF Score™: 85/100 with 1 warning sign

No single metric tells the full story. See the AU stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Anglogold Ashanti Business Description

Address 6363 S Fiddlers Green Circle, Suite 1000, Greenwood Village, Denver, CO, USA, 80111
Anglogold Ashanti PLC is an independent gold mining company. It has a diversified asset portfolio, including production from operations in eight countries (Argentina, Australia, Brazil, Egypt, Ghana, Guinea, the DRC, and Tanzania), supported by greenfield projects in the United States and Colombia. The company's main product is gold, which once mined, is processed into dore (unrefined gold bars) on site and then dispatched to precious metals refineries. Geographically, Anglogold generates maximum revenue from its operations in Africa (comprising operations at Kibali, Iduapriem, Obuasi, Siguiri, Geita, and Sukari mines), followed by Australia (including Sunrise Dam and Tropicana), and the Americas (comprising Cerro Vanguardia, AngloGold Ashanti Mineracao, and Serra Grande operations).
85GF Score

Get the complete analysis for AU

Cyclically Adjusted FCF per Share is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$103.29
Price
$60.55
GF Value