GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Granite Construction Inc (FRA:GRG) » Definitions » Cyclically Adjusted FCF per Share

Granite Construction (FRA:GRG) Cyclically Adjusted FCF per Share : €0.74 (As of Mar. 2025)


View and export this data going back to 2008. Start your Free Trial

What is Granite Construction Cyclically Adjusted FCF per Share?

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.

Granite Construction's adjusted free cash flow per share for the three months ended in Mar. 2025 was €-0.608. 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 €0.74 for the trailing ten years ended in Mar. 2025.

During the past 12 months, Granite Construction's average Cyclically Adjusted FCF Growth Rate was 173.30% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 23.10% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 2.00% per year. During the past 10 years, the average Cyclically Adjusted FCF Growth Rate was -13.00% 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 Granite Construction was 32.30% per year. The lowest was -47.90% per year. And the median was -0.90% per year.

As of today (2025-05-07), Granite Construction's current stock price is €72.00. Granite Construction's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2025 was €0.74. Granite Construction's Cyclically Adjusted Price-to-FCF of today is 97.30.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Granite Construction was 1765.00. The lowest was 21.88. And the median was 76.91.


Granite Construction Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Granite Construction'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.

* Premium members only.

Granite Construction Cyclically Adjusted FCF per Share Chart

Granite Construction Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.57 0.38 0.14 0.19 0.79

Granite Construction Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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 0.28 0.40 0.74 0.79 0.74

Competitive Comparison of Granite Construction's Cyclically Adjusted FCF per Share

For the Engineering & Construction subindustry, Granite Construction'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.


Granite Construction's Cyclically Adjusted Price-to-FCF Distribution in the Construction Industry

For the Construction industry and Industrials sector, Granite Construction's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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


;
;

Granite Construction 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, Granite Construction's adjusted Free Cash Flow per Share data for the three months ended in Mar. 2025 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=-0.608/134.9266*134.9266
=-0.608

Current CPI (Mar. 2025) = 134.9266.

Granite Construction Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201506 -1.302 100.684 -1.745
201509 0.861 100.392 1.157
201512 1.314 99.792 1.777
201603 -0.797 100.470 -1.070
201606 -1.478 101.688 -1.961
201609 0.324 101.861 0.429
201612 1.635 101.863 2.166
201703 -0.190 102.862 -0.249
201706 -0.150 103.349 -0.196
201709 0.470 104.136 0.609
201712 1.479 104.011 1.919
201803 -1.089 105.290 -1.396
201806 -1.216 106.317 -1.543
201809 0.726 106.507 0.920
201812 0.866 105.998 1.102
201903 -1.234 107.251 -1.552
201906 -1.564 108.070 -1.953
201909 0.732 108.329 0.912
201912 2.243 108.420 2.791
202003 -0.826 108.902 -1.023
202006 0.035 108.767 0.043
202009 1.925 109.815 2.365
202012 2.006 109.897 2.463
202103 0.355 111.754 0.429
202106 -1.680 114.631 -1.977
202109 1.143 115.734 1.333
202112 -1.107 117.630 -1.270
202203 -1.617 121.301 -1.799
202206 -1.719 125.017 -1.855
202209 1.249 125.227 1.346
202212 0.851 125.222 0.917
202303 -2.500 127.348 -2.649
202306 -1.714 128.729 -1.797
202309 2.165 129.860 2.249
202312 1.408 129.419 1.468
202403 -0.079 131.776 -0.081
202406 -0.722 132.554 -0.735
202409 3.788 133.029 3.842
202412 2.640 133.157 2.675
202503 -0.608 134.927 -0.608

Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF per Share.


Granite Construction  (FRA:GRG) 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=72.00/0.74
=97.30

* 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 Granite Construction was 1765.00. The lowest was 21.88. And the median was 76.91.


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.


Granite Construction Cyclically Adjusted FCF per Share Related Terms

Thank you for viewing the detailed overview of Granite Construction's Cyclically Adjusted FCF per Share provided by GuruFocus.com. Please click on the following links to see related term pages.


Granite Construction Business Description

Industry
Traded in Other Exchanges
Address
585 West Beach Street, Watsonville, CA, USA, 95076
Granite Construction Inc engages in the construction and development of various infrastructure projects on behalf of public and private clients in the United States. It focuses on heavy civil infrastructure projects, including roads, highways, transit facilities, airports, bridges, and other infrastructure projects. In addition, the company performs site preparation and infrastructure services for residential development, energy development, and other facilities. The majority of revenue is derived from the company's Construction operating segment, with the remainder derived from its Materials segment.

Granite Construction Headlines

No Headlines