Ternium (BUE:TXR) Cyclically Adjusted FCF per Share: ARS1,780.22 (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:TXR Ternium SA BUE:TXR
60 GF Score
Price ARS22,800.00
GF Value ARS15,094.05
Valuation Significantly Overvalued
! 11 Warning Signs
View Full Analysis

What is Ternium Cyclically Adjusted FCF per Share?

Ternium BUE:TXR -0.78% 60 Cyclically Adjusted FCF per Share is ARS1,780.22 as of Jun. 2026. GuruFocus rates BUE:TXR with a GF Score™ of 60/100 and a GF Value™ of ARS15,094.05 (Significantly Overvalued). The stock has 11 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.

Ternium's adjusted free cash flow per share for the three months ended in Jun. 2026 was ARS-662.053. 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 ARS1,780.22 for the trailing ten years ended in Jun. 2026.

During the past 12 months, Ternium's average Cyclically Adjusted FCF Growth Rate was -11.30% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was -1.00% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 13.50% per year. During the past 10 years, the average Cyclically Adjusted FCF Growth Rate was 12.90% 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 Ternium was 31.80% per year. The lowest was -4.30% per year. And the median was 12.80% per year.

As of today (2026-09-20), Ternium's current stock price is ARS22800.00. Ternium's Cyclically Adjusted FCF per Share for the quarter that ended in Jun. 2026 was ARS1,780.22. Ternium's Cyclically Adjusted Price-to-FCF of today is 12.81.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Ternium was 22.60. The lowest was 5.16. And the median was 9.41.


Ternium  (BUE:TXR) 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=22800.00/1780.22
=12.81

* 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 Ternium was 22.60. The lowest was 5.16. And the median was 9.41.


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.


Ternium Cyclically Adjusted FCF per Share Related Terms


Ternium Cyclically Adjusted FCF per Share Historical Data

* Premium members only.

The historical data trend for Ternium'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.

Ternium Cyclically Adjusted FCF per Share Chart

Ternium 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 373.10 865.67 2,744.63 1,576.26 1,873.28

Ternium 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 1,553.95 1,926.29 1,873.28 1,743.84 1,780.22

BUE:TXR vs CLF, RS, WS: Cyclically Adjusted FCF per Share Comparison

For the Steel subindustry, Ternium'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.


Ternium Cyclically Adjusted Price-to-FCF vs Steel Industry

For the Steel industry and Basic Materials sector, Ternium's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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


BUE:TXR
60GF Score
Ternium SA BUE:TXR
Cyclically Adjusted FCF per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Ternium 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, Ternium'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)
=-662.053/128.6000*128.6000
=-662.053

Current CPI (Jun. 2026) = 128.6000.

Ternium Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201609 4.388 100.750 5.601
201612 7.173 101.040 9.130
201703 0.074 101.780 0.093
201706 -3.272 102.170 -4.118
201709 6.468 102.520 8.113
201712 -4.592 102.410 -5.766
201803 4.603 102.900 5.753
201806 25.822 103.650 32.038
201809 31.859 104.580 39.176
201812 36.773 104.320 45.332
201903 26.444 105.140 32.344
201906 -0.681 105.550 -0.830
201909 35.654 105.900 43.297
201912 13.013 106.080 15.776
202003 29.278 106.040 35.507
202006 68.510 106.340 82.851
202009 73.538 106.620 88.698
202012 48.585 106.670 58.573
202103 45.460 108.140 54.061
202106 112.678 108.680 133.331
202109 118.298 109.470 138.971
202112 260.614 111.090 301.692
202203 155.186 114.780 173.871
202206 -50.876 116.750 -56.040
202209 317.810 117.000 349.319
202212 372.986 117.060 409.756
202303 217.751 118.910 235.496
202306 -63.574 120.460 -67.870
202309 525.885 121.740 555.518
202312 111.316 121.170 118.142
202403 56.400 122.590 59.165
202406 -709.348 123.120 -740.921
202409 -346.195 123.300 -361.076
202412 -230.408 122.430 -242.020
202503 -843.788 124.210 -873.610
202506 707.595 125.820 723.229
202509 -605.693 126.570 -615.407
202512 239.198 126.180 243.786
202603 -671.492 127.160 -679.096
202606 -662.053 128.600 -662.053

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 ARS1,780.22 mean?
Ternium (BUE:TXR) has a Cyclically Adjusted FCF per Share of ARS1,780.22 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 Ternium and its competitors.
Is Ternium's Cyclically Adjusted FCF per Share too high?
Ternium's current Cyclically Adjusted FCF per Share is ARS1,780.22. Overall, Ternium has a GF Score™ of 60/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Ternium's Cyclically Adjusted FCF per Share compare to CLF and RS?
Ternium's Cyclically Adjusted FCF per Share of ARS1,780.22 can be compared against companies in the Steel 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 Steel company?
A good Cyclically Adjusted FCF per Share depends on the Steel 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 Ternium and its competitors. Ternium's current Cyclically Adjusted FCF per Share is ARS1,780.22. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ternium stock overvalued right now?
Based on GuruFocus' analysis, Ternium (BUE:TXR) is currently considered Significantly Overvalued. The stock's GF Value™ is ARS15,094.05, compared to a current price of ARS22,800.00 — trading 51.1% above its estimated fair value. The current Cyclically Adjusted FCF per Share is ARS1,780.22. Ternium's overall GF Score™ is 60/100 with 11 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 Ternium (BUE:TXR), the current Cyclically Adjusted FCF per Share is ARS1,780.22 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 Ternium (BUE:TXR) Overvalued in 2026?

Based on GuruFocus' analysis, Ternium stock appears to be overvalued. The current stock price of ARS22,800.00 is trading 51.1% above its estimated GF Value™ of ARS15,094.05. GuruFocus considers Ternium to be Significantly Overvalued.

Key valuation signals for BUE:TXR:

  • Cyclically Adjusted FCF per Share: ARS1,780.22
  • GF Value™: ARS15,094.05 vs. price of ARS22,800.00 (51.1% above fair value)
  • GF Score™: 60/100 with 11 warning signs

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


Ternium Business Description

Address 26 Boulevard Royal, 4th Floor, Luxembourg, LUX, 2449
Ternium SA is a flat steel producer operating in Mexico, Brazil, Argentina, Colombia, the southern United States, and Central America. It produces finished and semi-finished steel products and iron ore, which are sold either directly to steel manufacturers and steel processors or end-users. The company operates in two segments: Steel and Mining. In its Steel segment, the company produces slabs, billets & round bars, hot-rolled coils & sheets, bars & stirrups, wire rods, steel pipes, and other products. The Mining segment sells iron ore as concentrates (fines) and pellets. The vast majority of its revenue comes from the Steel segment and geographically from Mexico.
60GF Score

Get the complete analysis for BUE:TXR

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

ARS22,800.00
Price
ARS15,094.05
GF Value