CD Projekt Red (CHIX:CDRW) Cyclically Adjusted FCF per Share: zł3.28 (As of Jun. 2026)

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CHIX:CDRW CD Projekt Red SA CHIX:CDRW
91 GF Score
Price zł275.00
GF Value zł261.97
! 2 Warning Signs
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What is CD Projekt Red Cyclically Adjusted FCF per Share?

CD Projekt Red CHIX:CDRW 91 Cyclically Adjusted FCF per Share is zł3.28 as of Jun. 2026. GuruFocus rates CHIX:CDRW with a GF Score™ of 91/100 and a GF Value™ of zł261.97. The stock has 2 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.

CD Projekt Red's adjusted free cash flow per share for the three months ended in Jun. 2026 was zł-1.401. 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 zł3.28 for the trailing ten years ended in Jun. 2026.

During the past 12 months, CD Projekt Red's average Cyclically Adjusted FCF Growth Rate was -17.30% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 2.40% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 17.10% 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 CD Projekt Red was 49.50% per year. The lowest was 2.40% per year. And the median was 34.30% per year.

As of today (2026-09-06), CD Projekt Red's current stock price is zł275.00. CD Projekt Red's Cyclically Adjusted FCF per Share for the quarter that ended in Jun. 2026 was zł3.28. CD Projekt Red's Cyclically Adjusted Price-to-FCF of today is 83.84.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of CD Projekt Red was 450.51. The lowest was 31.29. And the median was 78.78.


CD Projekt Red  (CHIX:CDRw) 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.

CD Projekt Red's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=275.00/3.28
=83.84

* 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 CD Projekt Red was 450.51. The lowest was 31.29. And the median was 78.78.


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.


CD Projekt Red Cyclically Adjusted FCF per Share Related Terms


CD Projekt Red Cyclically Adjusted FCF per Share Historical Data

* Premium members only.

The historical data trend for CD Projekt Red'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.

CD Projekt Red Cyclically Adjusted FCF per Share Chart

CD Projekt Red 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 3.19 5.81 7.58 5.03 3.35

CD Projekt Red 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 3.17 3.15 3.35 3.43 3.28

CHIX:CDRW vs NTES, TTWO, RBLX: Cyclically Adjusted FCF per Share Comparison

For the Electronic Gaming & Multimedia subindustry, CD Projekt Red'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.


CD Projekt Red Cyclically Adjusted Price-to-FCF vs Interactive Media Industry

For the Interactive Media industry and Communication Services sector, CD Projekt Red's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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


CHIX:CDRW
91GF Score
CD Projekt Red SA CHIX:CDRW
Cyclically Adjusted FCF per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

CD Projekt Red 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, CD Projekt Red'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)
=-1.401/162.2800*162.2800
=-1.401

Current CPI (Jun. 2026) = 162.2800.

CD Projekt Red Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201609 0.434 99.064 0.711
201612 0.434 100.366 0.702
201703 0.469 101.018 0.753
201706 0.368 101.180 0.590
201709 0.540 101.343 0.865
201712 0.073 102.564 0.116
201803 0.138 102.564 0.218
201806 -0.467 103.378 -0.733
201809 -0.016 103.378 -0.025
201812 0.556 103.785 0.869
201903 -0.300 104.274 -0.467
201906 0.090 105.983 0.138
201909 0.644 105.983 0.986
201912 -0.831 107.123 -1.259
202003 1.261 109.076 1.876
202006 0.314 109.402 0.466
202009 0.824 109.320 1.223
202012 2.474 109.565 3.664
202103 10.165 112.658 14.642
202106 -2.773 113.960 -3.949
202109 0.525 115.588 0.737
202112 -0.221 119.088 -0.301
202203 0.979 125.031 1.271
202206 -0.719 131.705 -0.886
202209 0.032 135.531 0.038
202212 1.182 139.113 1.379
202303 0.206 145.950 0.229
202306 -0.919 147.009 -1.014
202309 0.479 146.113 0.532
202312 3.031 147.741 3.329
202403 1.171 149.044 1.275
202406 -0.104 150.997 -0.112
202409 0.260 153.439 0.275
202412 0.408 154.660 0.428
202503 0.150 157.021 0.155
202506 -0.667 157.509 -0.687
202509 0.999 158.000 1.026
202512 -0.698 158.320 -0.715
202603 -0.170 163.070 -0.169
202606 -1.401 162.280 -1.401

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 zł3.28 mean?
CD Projekt Red (CHIX:CDRW) has a Cyclically Adjusted FCF per Share of zł3.28 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 CD Projekt Red and its competitors.
Is CD Projekt Red's Cyclically Adjusted FCF per Share too high?
CD Projekt Red's current Cyclically Adjusted FCF per Share is zł3.28. Overall, CD Projekt Red has a GF Score™ of 91/100, reflecting its overall financial health beyond just this single metric.
How does CD Projekt Red's Cyclically Adjusted FCF per Share compare to NTES and TTWO?
CD Projekt Red's Cyclically Adjusted FCF per Share of zł3.28 can be compared against companies in the Interactive Media 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 an Interactive Media company?
A good Cyclically Adjusted FCF per Share depends on the Interactive Media 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 CD Projekt Red and its competitors. CD Projekt Red's current Cyclically Adjusted FCF per Share is zł3.28. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is CD Projekt Red stock overvalued right now?
CD Projekt Red (CHIX:CDRW) has a current Cyclically Adjusted FCF per Share of zł3.28. The stock's GF Value™ is zł261.97, compared to a current price of zł275.00 — trading 5% above its estimated fair value. The current Cyclically Adjusted FCF per Share is zł3.28. CD Projekt Red's overall GF Score™ is 91/100 with 2 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 CD Projekt Red (CHIX:CDRW), the current Cyclically Adjusted FCF per Share is zł3.28 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 CD Projekt Red (CHIX:CDRW) Overvalued in 2026?

Based on GuruFocus' analysis, CD Projekt Red stock appears to be overvalued. The current stock price of zł275.00 is trading 5% above its estimated GF Value™ of zł261.97.

Key valuation signals for CHIX:CDRW:

  • Cyclically Adjusted FCF per Share: zł3.28
  • GF Value™: zł261.97 vs. price of zł275.00 (5% above fair value)
  • GF Score™: 91/100 with 2 warning signs

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


CD Projekt Red Business Description

Address ul. Jagiellonska 74, Building E, Warsaw, POL, 03-301
CD Projekt SA is the holding company of the CD Projekt capital group. The firm, with its subsidiary, develops and publishes video games for hardware platforms such as Steam, PlayStation Store, Xbox Games Store, Nintendo, App Store, Humble Bundle, Origin, and its own proprietary GOG.com platform. It is also involved in international digital video game distribution. The firm has CD Projekt Red and GOG.com segments. It derives the majority of its revenues from the CD Projekt Red segment.
91GF Score

Get the complete analysis for CHIX:CDRW

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

zł275.00
Price
zł261.97
GF Value