Tabreed PJSC (DFM:TABREED) Cyclically Adjusted FCF per Share: د.إ0.32 (As of Mar. 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.

DFM:TABREED Tabreed PJSC DFM:TABREED
86 GF Score
Price د.إ2.54
GF Value د.إ3.13
Valuation Modestly Undervalued
! 7 Warning Signs
View Full Analysis

What is Tabreed PJSC Cyclically Adjusted FCF per Share?

Tabreed PJSC DFM:TABREED -0.39% 86 Cyclically Adjusted FCF per Share is د.إ0.32 as of Mar. 2026. GuruFocus rates DFM:TABREED with a GF Score™ of 86/100 and a GF Value™ of د.إ3.13 (Modestly Undervalued). The stock has 7 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.

Tabreed PJSC's adjusted free cash flow per share for the three months ended in Mar. 2026 was د.إ0.099. 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 د.إ0.32 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Tabreed PJSC's average Cyclically Adjusted FCF Growth Rate was 10.30% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 10.50% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 14.40% 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 Tabreed PJSC was 17.60% per year. The lowest was 10.50% per year. And the median was 15.20% per year.

As of today (2026-07-21), Tabreed PJSC's current stock price is د.إ2.54. Tabreed PJSC's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2026 was د.إ0.32. Tabreed PJSC's Cyclically Adjusted Price-to-FCF of today is 7.94.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Tabreed PJSC was 17.99. The lowest was 7.92. And the median was 12.62.


Tabreed PJSC  (DFM:TABREED) 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=2.54/0.32
=7.94

* 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 Tabreed PJSC was 17.99. The lowest was 7.92. And the median was 12.62.


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.


Tabreed PJSC Cyclically Adjusted FCF per Share Related Terms


Tabreed PJSC Cyclically Adjusted FCF per Share Historical Data

* Premium members only.

The historical data trend for Tabreed PJSC'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.

Tabreed PJSC Cyclically Adjusted FCF per Share Chart

Tabreed PJSC 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 0.19 0.23 0.26 0.29 0.31

Tabreed PJSC Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 0.29 0.30 0.30 0.31 0.32

DFM:TABREED vs AWK, WTRG, AWR: Cyclically Adjusted FCF per Share Comparison

For the Utilities - Regulated Water subindustry, Tabreed PJSC'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.


Tabreed PJSC Cyclically Adjusted Price-to-FCF vs Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Tabreed PJSC's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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


DFM:TABREED
86GF Score
Tabreed PJSC DFM:TABREED
Cyclically Adjusted FCF per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Tabreed PJSC 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, Tabreed PJSC's adjusted Free Cash Flow per Share data for the three months ended in Mar. 2026 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=0.099/330.2130*330.2130
=0.099

Current CPI (Mar. 2026) = 330.2130.

Tabreed PJSC Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201606 0.036 241.018 0.049
201609 0.015 241.428 0.021
201612 0.063 241.432 0.086
201703 -0.024 243.801 -0.033
201706 0.069 244.955 0.093
201709 0.015 246.819 0.020
201712 0.066 246.524 0.088
201803 0.051 249.554 0.067
201806 0.033 251.989 0.043
201809 0.076 252.439 0.099
201812 0.037 251.233 0.049
201903 0.076 254.202 0.099
201906 0.032 256.143 0.041
201909 0.070 256.759 0.090
201912 0.059 256.974 0.076
202003 -0.002 258.115 -0.003
202006 0.088 257.797 0.113
202009 0.059 260.280 0.075
202012 0.038 260.474 0.048
202103 0.043 264.877 0.054
202106 0.137 271.696 0.167
202109 0.080 274.310 0.096
202112 0.136 278.802 0.161
202203 0.126 287.504 0.145
202206 0.054 296.311 0.060
202209 0.074 296.808 0.082
202212 0.158 296.797 0.176
202303 0.108 301.836 0.118
202306 0.115 305.109 0.124
202309 0.069 307.789 0.074
202312 0.098 306.746 0.105
202403 0.066 312.332 0.070
202406 0.072 314.175 0.076
202409 0.059 315.301 0.062
202412 0.131 315.605 0.137
202503 0.064 319.799 0.066
202506 0.072 322.561 0.074
202509 0.064 324.800 0.065
202512 0.086 324.054 0.088
202603 0.099 330.213 0.099

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 د.إ0.32 mean?
Tabreed PJSC (DFM:TABREED) has a Cyclically Adjusted FCF per Share of د.إ0.32 as of Mar. 2026. Cyclically Adjusted FCF per Share represents the company's inflation-adjusted FCF per share over a 10-year period. View historical data on Tabreed PJSC and its competitors.
Is Tabreed PJSC's Cyclically Adjusted FCF per Share too high?
Tabreed PJSC's current Cyclically Adjusted FCF per Share is د.إ0.32. Overall, Tabreed PJSC has a GF Score™ of 86/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Tabreed PJSC's Cyclically Adjusted FCF per Share compare to AWK and WTRG?
Tabreed PJSC's Cyclically Adjusted FCF per Share of د.إ0.32 can be compared against companies in the Utilities - Regulated 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 Utilities - Regulated company?
A good Cyclically Adjusted FCF per Share depends on the Utilities - Regulated 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 Tabreed PJSC and its competitors. Tabreed PJSC's current Cyclically Adjusted FCF per Share is د.إ0.32. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tabreed PJSC stock overvalued right now?
Based on GuruFocus' analysis, Tabreed PJSC (DFM:TABREED) is currently considered Modestly Undervalued. The stock's GF Value™ is د.إ3.13, compared to a current price of د.إ2.54 — trading 18.8% below its estimated fair value. The current Cyclically Adjusted FCF per Share is د.إ0.32. Tabreed PJSC's overall GF Score™ is 86/100 with 7 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 Tabreed PJSC (DFM:TABREED), the current Cyclically Adjusted FCF per Share is د.إ0.32 as of Mar. 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 Tabreed PJSC (DFM:TABREED) Overvalued in 2026?

Based on GuruFocus' analysis, Tabreed PJSC stock appears to be undervalued. The current stock price of د.إ2.54 is trading 18.8% below its estimated GF Value™ of د.إ3.13. GuruFocus considers Tabreed PJSC to be Modestly Undervalued.

Key valuation signals for DFM:TABREED:

  • Cyclically Adjusted FCF per Share: د.إ0.32
  • GF Value™: د.إ3.13 vs. price of د.إ2.54 (18.8% below fair value)
  • GF Score™: 86/100 with 7 warning signs

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


Tabreed PJSC Business Description

Address P.O. Box 29478, Masdar City, Abu Dhabi, ARE
Tabreed PJSC is engaged in to supply of chilled water, operation, and maintenance of plants, construction of secondary networks, manufacturing of pre-insulated pipes, and design and supervision consultancy. The company has two reportable operating segments. The chilled water segment constructs, owns, assembles, installs, operates, and maintains cooling and conditioning systems, and the Value chain business segment is involved in ancillary activities relating to the expansion of the group's chilled water business. The company generates key revenue from Chilled water.
86GF Score

Get the complete analysis for DFM:TABREED

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

د.إ2.54
Price
د.إ3.13
GF Value