Applied Digital (FRA:FLH0) Cyclically Adjusted FCF per Share: €0.00 (As of Feb. 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:FLH0 Applied Digital Corp FRA:FLH0
25 GF Score
Price €26.86
GF Value €12.87
Valuation Significantly Overvalued
! 7 Warning Signs
View Full Analysis

What is Applied Digital Cyclically Adjusted FCF per Share?

Applied Digital FRA:FLH0 +12.01% 25 Cyclically Adjusted FCF per Share is €0.00 as of Feb. 2026. GuruFocus rates FRA:FLH0 with a GF Score™ of 25/100 and a GF Value™ of €12.87 (Significantly Overvalued). The stock has 7 warning signs investors should review.

Note: As Cyclically Adjusted FCF per Share is a main component used to calculate Cyclically Adjusted Price-to-FCF. If the month end stock price for this stock is zero, result may not be accurate due to the exchange rate between different shares and the data will not be stored into our database. Selected historical data showed in the calculation section below is only for demostration purpose.

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.

Applied Digital's adjusted free cash flow per share for the three months ended in Feb. 2026 was €-2.161. 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 €0.00 for the trailing ten years ended in Feb. 2026.

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.

As of today (2026-07-22), Applied Digital's current stock price is €26.86. Applied Digital's Cyclically Adjusted FCF per Share for the quarter that ended in Feb. 2026 was €0.00. Applied Digital's Cyclically Adjusted Price-to-FCF of today is .


Applied Digital  (FRA:FLH0) 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.


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.


Applied Digital Cyclically Adjusted FCF per Share Related Terms


Applied Digital Cyclically Adjusted FCF per Share Historical Data

* Premium members only.

The historical data trend for Applied Digital'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.

Applied Digital Cyclically Adjusted FCF per Share Chart

Applied Digital Annual Data
Trend May05 May06 May07 May08 May20 May21 May22 May23 May24 May25
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 0.00

Applied Digital Quarterly Data
May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24 Feb25 May25 Aug25 Nov25 Feb26
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 0.00 0.00 0.00 0.00 0.00

FRA:FLH0 vs : Cyclically Adjusted FCF per Share Comparison

For the Information Technology Services subindustry, Applied Digital'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.


Applied Digital Cyclically Adjusted Price-to-FCF vs Software Industry

For the Software industry and Technology sector, Applied Digital's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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


FRA:FLH0
25GF Score
Applied Digital Corp FRA:FLH0
Cyclically Adjusted FCF per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Applied Digital 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, Applied Digital's adjusted Free Cash Flow per Share data for the three months ended in Feb. 2026 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Feb. 2026 (Change)*Current CPI (Feb. 2026)
=-2.161/326.7850*326.7850
=-2.161

Current CPI (Feb. 2026) = 326.7850.

Applied Digital Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
200505 -0.161 194.400 -0.271
200508 -0.361 196.400 -0.601
200511 -0.251 197.600 -0.415
200602 0.005 198.700 0.008
200605 -0.453 202.500 -0.731
200608 -0.318 203.900 -0.510
200611 -0.362 201.500 -0.587
200702 -0.533 203.499 -0.856
200705 -0.355 207.949 -0.558
200708 -0.318 207.917 -0.500
200711 -0.343 210.177 -0.533
200802 -0.346 211.693 -0.534
200805 -0.185 216.632 -0.279
200808 -0.221 219.086 -0.330
200811 -0.305 212.425 -0.469
200902 -0.235 212.193 -0.362
202005 0.000 256.394 0.000
202008 0.000 259.918 0.000
202011 0.000 260.229 0.000
202102 0.000 263.014 0.000
202105 0.000 269.195 0.000
202108 -0.241 273.567 -0.288
202111 -0.303 277.948 -0.356
202202 0.120 283.716 0.138
202205 -0.393 292.296 -0.439
202208 -0.152 296.171 -0.168
202211 -0.293 297.711 -0.322
202302 0.003 300.840 0.003
202305 -0.294 304.127 -0.316
202308 -0.256 307.026 -0.272
202311 -0.073 307.051 -0.078
202402 -0.018 310.326 -0.019
202405 -0.659 314.069 -0.686
202408 -0.795 314.796 -0.825
202411 -1.004 315.493 -1.040
202502 -1.086 319.082 -1.112
202505 -0.756 321.465 -0.769
202508 -1.113 323.976 -1.123
202511 -1.771 324.122 -1.786
202602 -2.161 326.785 -2.161

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 €0.00 mean?
Applied Digital (FRA:FLH0) has a Cyclically Adjusted FCF per Share of €0.00 as of Feb. 2026. Cyclically Adjusted FCF per Share represents the company's inflation-adjusted FCF per share over a 10-year period. View historical data on Applied Digital and its competitors.
Is Applied Digital's Cyclically Adjusted FCF per Share too high?
Applied Digital's current Cyclically Adjusted FCF per Share is €0.00. Overall, Applied Digital has a GF Score™ of 25/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Applied Digital's Cyclically Adjusted FCF per Share compare to ?
Applied Digital's Cyclically Adjusted FCF per Share of €0.00 can be compared against companies in the Software 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 Software company?
A good Cyclically Adjusted FCF per Share depends on the Software 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 Applied Digital and its competitors. Applied Digital's current Cyclically Adjusted FCF per Share is €0.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Applied Digital stock overvalued right now?
Based on GuruFocus' analysis, Applied Digital (FRA:FLH0) is currently considered Significantly Overvalued. The stock's GF Value™ is €12.87, compared to a current price of €26.86 — trading 108.7% above its estimated fair value. The current Cyclically Adjusted FCF per Share is €0.00. Applied Digital's overall GF Score™ is 25/100 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 Applied Digital (FRA:FLH0), the current Cyclically Adjusted FCF per Share is €0.00 as of Feb. 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 Applied Digital (FRA:FLH0) Overvalued in 2026?

Based on GuruFocus' analysis, Applied Digital stock appears to be overvalued. The current stock price of €26.86 is trading 108.7% above its estimated GF Value™ of €12.87. GuruFocus considers Applied Digital to be Significantly Overvalued.

Key valuation signals for FRA:FLH0:

  • Cyclically Adjusted FCF per Share: €0.00
  • GF Value™: €12.87 vs. price of €26.86 (108.7% above fair value)
  • GF Score™: 25/100 with 7 warning signs

No single metric tells the full story. See the FRA:FLH0 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Applied Digital Business Description

Comparable Companies
Address 3811 Turtle Creek Boulevard, Suite 2100, Dallas, TX, USA, 75219
Applied Digital Corp is a designer, developer, and operator of next-generation digital infrastructure across North America. It provides digital infrastructure solutions and cloud services to industries like High-Performance Computing (HPC) and Artificial Intelligence (AI). The company operates in the following business segments: Data Center Hosting Business and HPC Hosting Business. The majority of its revenue is generated from the Data Center Hosting Business, which operates data centers to provide energized space to crypto mining customers.
25GF Score

Get the complete analysis for FRA:FLH0

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

€26.86
Price
€12.87
GF Value