Murphy USA (FRA:1MU) Cyclically Adjusted FCF per Share: €13.66 (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.

FRA:1MU Murphy USA Inc FRA:1MU
76 GF Score
Price €513.00
GF Value €394.52
! 9 Warning Signs
View Full Analysis

What is Murphy USA Cyclically Adjusted FCF per Share?

Murphy USA FRA:1MU -3.30% 76 Cyclically Adjusted FCF per Share is €13.66 as of Mar. 2026. GuruFocus rates FRA:1MU with a GF Score™ of 76/100 and a GF Value™ of €394.52. The stock has 9 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.

Murphy USA's adjusted free cash flow per share for the three months ended in Mar. 2026 was €10.251. 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 €13.66 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Murphy USA's average Cyclically Adjusted FCF Growth Rate was 26.10% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 18.60% 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 Murphy USA was 28.80% per year. The lowest was 18.60% per year. And the median was 23.70% per year.

As of today (2026-07-17), Murphy USA's current stock price is €513.00. Murphy USA's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2026 was €13.66. Murphy USA's Cyclically Adjusted Price-to-FCF of today is 37.55.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Murphy USA was 47.57. The lowest was 26.12. And the median was 35.24.


Murphy USA  (FRA:1MU) 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=513.00/13.66
=37.55

* 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 Murphy USA was 47.57. The lowest was 26.12. And the median was 35.24.


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.


Murphy USA Cyclically Adjusted FCF per Share Related Terms


Murphy USA Cyclically Adjusted FCF per Share Historical Data

* Premium members only.

The historical data trend for Murphy USA'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.

Murphy USA Cyclically Adjusted FCF per Share Chart

Murphy USA 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 4.95 8.00 9.33 11.61 12.09

Murphy USA 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 11.08 11.25 11.67 12.09 13.66

FRA:1MU vs GME, FIVE, BBWI: Cyclically Adjusted FCF per Share Comparison

For the Specialty Retail subindustry, Murphy USA'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.


Murphy USA Cyclically Adjusted Price-to-FCF vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Murphy USA's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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


FRA:1MU
76GF Score
Murphy USA Inc FRA:1MU
Cyclically Adjusted FCF per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Murphy USA 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, Murphy USA'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)
=10.251/330.2130*330.2130
=10.251

Current CPI (Mar. 2026) = 330.2130.

Murphy USA Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201606 0.502 241.018 0.688
201609 -0.935 241.428 -1.279
201612 1.581 241.432 2.162
201703 -2.834 243.801 -3.838
201706 0.435 244.955 0.586
201709 1.375 246.819 1.840
201712 1.465 246.524 1.962
201803 1.398 249.554 1.850
201806 0.138 251.989 0.181
201809 0.379 252.439 0.496
201812 3.137 251.233 4.123
201903 0.480 254.202 0.624
201906 0.567 256.143 0.731
201909 1.707 256.759 2.195
201912 0.309 256.974 0.397
202003 1.988 258.115 2.543
202006 6.295 257.797 8.063
202009 0.639 260.280 0.811
202012 1.000 260.474 1.268
202103 5.384 264.877 6.712
202106 0.549 271.696 0.667
202109 5.896 274.310 7.098
202112 2.998 278.802 3.551
202203 9.966 287.504 11.446
202206 3.747 296.311 4.176
202209 7.550 296.808 8.400
202212 5.888 296.797 6.551
202303 3.249 301.836 3.554
202306 4.131 305.109 4.471
202309 4.756 307.789 5.102
202312 6.975 306.746 7.509
202403 2.600 312.332 2.749
202406 6.341 314.175 6.665
202409 2.833 315.301 2.967
202412 5.680 315.605 5.943
202503 1.863 319.799 1.924
202506 6.014 322.561 6.157
202509 2.999 324.800 3.049
202512 5.841 324.054 5.952
202603 10.251 330.213 10.251

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 €13.66 mean?
Murphy USA (FRA:1MU) has a Cyclically Adjusted FCF per Share of €13.66 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 Murphy USA and its competitors.
Is Murphy USA's Cyclically Adjusted FCF per Share too high?
Murphy USA's current Cyclically Adjusted FCF per Share is €13.66. Overall, Murphy USA has a GF Score™ of 76/100, reflecting its overall financial health beyond just this single metric.
How does Murphy USA's Cyclically Adjusted FCF per Share compare to GME and FIVE?
Murphy USA's Cyclically Adjusted FCF per Share of €13.66 can be compared against companies in the Retail - Cyclical 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 Retail - Cyclical company?
A good Cyclically Adjusted FCF per Share depends on the Retail - Cyclical 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 Murphy USA and its competitors. Murphy USA's current Cyclically Adjusted FCF per Share is €13.66. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Murphy USA stock overvalued right now?
Murphy USA (FRA:1MU) has a current Cyclically Adjusted FCF per Share of €13.66. The stock's GF Value™ is €394.52, compared to a current price of €513.00 — trading 30% above its estimated fair value. The current Cyclically Adjusted FCF per Share is €13.66. Murphy USA's overall GF Score™ is 76/100 with 9 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 Murphy USA (FRA:1MU), the current Cyclically Adjusted FCF per Share is €13.66 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 Murphy USA (FRA:1MU) Overvalued in 2026?

Based on GuruFocus' analysis, Murphy USA stock appears to be overvalued. The current stock price of €513.00 is trading 30% above its estimated GF Value™ of €394.52.

Key valuation signals for FRA:1MU:

  • Cyclically Adjusted FCF per Share: €13.66
  • GF Value™: €394.52 vs. price of €513.00 (30% above fair value)
  • GF Score™: 76/100 with 9 warning signs

No single metric tells the full story. See the FRA:1MU stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Murphy USA Business Description

Other Exchanges MUSA:USAMUSA1:Mexico
Address 200 Peach Street, El Dorado, AR, USA, 71730-5836
Murphy USA Inc is mainly engaged in the marketing of retail motor fuel products and convenience merchandise through a network of several retail stores in the Southwest, Southeast, Midwest, and Northeast United States. The majority of Murphy USA's stores are located in proximity to Walmart Supercenters, but it also operates standalone stores that market gasoline and other products under the Murphy USA, Murphy Express, and QuickChek brands. In addition, the company also markets fuel to unbranded wholesale customers through a mixture of company-owned and third-party product distribution terminals and pipeline positions. The firm generates maximum revenue through retail sales of petroleum products, and the rest from merchandise sales and wholesale of petroleum products.
76GF Score

Get the complete analysis for FRA:1MU

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

€513.00
Price
€394.52
GF Value