Arcos Dorados Holdings (BUE:ARCO) Cyclically Adjusted FCF per Share: ARS559.65 (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.

BUE:ARCO Arcos Dorados Holdings Inc BUE:ARCO
76 GF Score
Price ARS24,840.00
GF Value ARS29,120.40
Valuation Modestly Undervalued
! 4 Warning Signs
View Full Analysis

What is Arcos Dorados Holdings Cyclically Adjusted FCF per Share?

Arcos Dorados Holdings BUE:ARCO -3.35% 76 Cyclically Adjusted FCF per Share is ARS559.65 as of Jun. 2026. GuruFocus rates BUE:ARCO with a GF Score™ of 76/100 and a GF Value™ of ARS29,120.40 (Modestly Undervalued). The stock has 4 warning signs 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.

Arcos Dorados Holdings's adjusted free cash flow per share for the three months ended in Jun. 2026 was ARS396.001. 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 ARS559.65 for the trailing ten years ended in Jun. 2026.

During the past 12 months, Arcos Dorados Holdings's average Cyclically Adjusted FCF Growth Rate was 20.00% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 7.70% 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 Arcos Dorados Holdings was 95.70% per year. The lowest was 7.70% per year. And the median was 51.70% per year.

As of today (2026-08-17), Arcos Dorados Holdings's current stock price is ARS24840.00. Arcos Dorados Holdings's Cyclically Adjusted FCF per Share for the quarter that ended in Jun. 2026 was ARS559.65. Arcos Dorados Holdings's Cyclically Adjusted Price-to-FCF of today is 44.38.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Arcos Dorados Holdings was 807.54. The lowest was 34.71. And the median was 57.00.


Arcos Dorados Holdings  (BUE:ARCO) 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.

Arcos Dorados Holdings's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=24840.00/559.65
=44.38

* 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 Arcos Dorados Holdings was 807.54. The lowest was 34.71. And the median was 57.00.


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.


Arcos Dorados Holdings Cyclically Adjusted FCF per Share Related Terms


Arcos Dorados Holdings Cyclically Adjusted FCF per Share Historical Data

* Premium members only.

The historical data trend for Arcos Dorados Holdings'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.

Arcos Dorados Holdings Cyclically Adjusted FCF per Share Chart

Arcos Dorados Holdings 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 8.01 81.10 369.44 350.27 454.50

Arcos Dorados Holdings Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 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 363.59 490.67 454.50 471.47 559.65

BUE:ARCO vs BJRI, WEN, CBRL: Cyclically Adjusted FCF per Share Comparison

For the Restaurants subindustry, Arcos Dorados Holdings'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.


Arcos Dorados Holdings Cyclically Adjusted Price-to-FCF vs Restaurants Industry

For the Restaurants industry and Consumer Cyclical sector, Arcos Dorados Holdings's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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


BUE:ARCO
76GF Score
Arcos Dorados Holdings Inc BUE:ARCO
Cyclically Adjusted FCF per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Arcos Dorados Holdings 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, Arcos Dorados Holdings'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)
=396.001/333.9520*333.9520
=396.001

Current CPI (Jun. 2026) = 333.9520.

Arcos Dorados Holdings Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201609 1.811 241.428 2.505
201612 4.641 241.432 6.419
201703 -2.349 243.801 -3.218
201706 3.666 244.955 4.998
201709 1.913 246.819 2.588
201712 3.624 246.524 4.909
201803 -4.607 249.554 -6.165
201806 2.091 251.989 2.771
201809 -0.539 252.439 -0.713
201812 3.230 251.233 4.293
201903 -1.484 254.202 -1.950
201906 -5.305 256.143 -6.917
201909 0.947 256.759 1.232
201912 -3.577 256.974 -4.649
202003 -29.083 258.115 -37.628
202006 -11.262 257.797 -14.589
202009 5.814 260.280 7.460
202012 17.293 260.474 22.171
202103 -4.529 264.877 -5.710
202106 -1.062 271.696 -1.305
202109 36.434 274.310 44.356
202112 37.215 278.802 44.577
202203 5.292 287.504 6.147
202206 24.322 296.311 27.412
202209 38.555 296.808 43.380
202212 13.501 296.797 15.191
202303 -16.407 301.836 -18.153
202306 -24.379 305.109 -26.684
202309 72.121 307.789 78.252
202312 29.722 306.746 32.358
202403 -282.366 312.332 -301.912
202406 -62.140 314.175 -66.052
202409 26.372 315.301 27.932
202412 89.108 315.605 94.288
202503 -314.989 319.799 -328.929
202506 89.038 322.561 92.182
202509 196.253 324.800 201.783
202512 213.572 324.054 220.095
202603 -124.138 330.213 -125.544
202606 396.001 333.952 396.001

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 ARS559.65 mean?
Arcos Dorados Holdings (BUE:ARCO) has a Cyclically Adjusted FCF per Share of ARS559.65 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 Arcos Dorados Holdings and its competitors.
Is Arcos Dorados Holdings' Cyclically Adjusted FCF per Share too high?
Arcos Dorados Holdings' current Cyclically Adjusted FCF per Share is ARS559.65. Overall, Arcos Dorados Holdings has a GF Score™ of 76/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Arcos Dorados Holdings' Cyclically Adjusted FCF per Share compare to BJRI and WEN?
Arcos Dorados Holdings' Cyclically Adjusted FCF per Share of ARS559.65 can be compared against companies in the Restaurants 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 Restaurants company?
A good Cyclically Adjusted FCF per Share depends on the Restaurants 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 Arcos Dorados Holdings and its competitors. Arcos Dorados Holdings's current Cyclically Adjusted FCF per Share is ARS559.65. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Arcos Dorados Holdings stock overvalued right now?
Based on GuruFocus' analysis, Arcos Dorados Holdings (BUE:ARCO) is currently considered Modestly Undervalued. The stock's GF Value™ is ARS29,120.40, compared to a current price of ARS24,840.00 — trading 14.7% below its estimated fair value. The current Cyclically Adjusted FCF per Share is ARS559.65. Arcos Dorados Holdings' overall GF Score™ is 76/100 with 4 warning signs 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 Arcos Dorados Holdings (BUE:ARCO), the current Cyclically Adjusted FCF per Share is ARS559.65 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 Arcos Dorados Holdings (BUE:ARCO) Overvalued in 2026?

Based on GuruFocus' analysis, Arcos Dorados Holdings stock appears to be undervalued. The current stock price of ARS24,840.00 is trading 14.7% below its estimated GF Value™ of ARS29,120.40. GuruFocus considers Arcos Dorados Holdings to be Modestly Undervalued.

Key valuation signals for BUE:ARCO:

  • Cyclically Adjusted FCF per Share: ARS559.65
  • GF Value™: ARS29,120.40 vs. price of ARS24,840.00 (14.7% below fair value)
  • GF Score™: 76/100 with 4 warning signs

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


Arcos Dorados Holdings Business Description

Address Rio Negro 1338, First Floor, Montevideo, URY, 11100
Arcos Dorados Holdings Inc operates McDonald's branded restaurants in various countries and territories in Latin America and the Caribbean. The Company manages its business as distinct geographic segments and its operations are divided into three geographic divisions, as follows: Brazil, the North Latin American division, or NOLAD, which is comprised of Costa Rica, Mexico, Panama, Puerto Rico, Martinique, Guadeloupe, French Guiana and the U.S. Virgin Islands of St. Croix and St. Thomas and the South Latin American division, or SLAD, which is comprised of Argentina, Chile, Ecuador, Peru, Uruguay, Colombia, Venezuela, Trinidad and Tobago, Aruba and Curacao. Its menu includes hamburgers, McNuggets, salad, sandwiches, French fries, and others. It generates maximum revenue from Brazil.
76GF Score

Get the complete analysis for BUE:ARCO

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

ARS24,840.00
Price
ARS29,120.40
GF Value