The Home Depot (FRA:HDI0) Cyclically Adjusted FCF per Share: €0.57 (As of Apr. 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:HDI0 The Home Depot Inc FRA:HDI0
83 GF Score
Price €12.60
GF Value €14.47
Valuation Modestly Undervalued
! 3 Warning Signs
View Full Analysis

What is The Home Depot Cyclically Adjusted FCF per Share?

The Home Depot FRA:HDI0 -1.56% 83 Cyclically Adjusted FCF per Share is €0.57 as of Apr. 2026. GuruFocus rates FRA:HDI0 with a GF Score™ of 83/100 and a GF Value™ of €14.47 (Modestly Undervalued). The stock has 3 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.

The Home Depot's adjusted free cash flow per share for the three months ended in Apr. 2026 was €0.210. 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 €0.57 for the trailing ten years ended in Apr. 2026.

During the past 12 months, The Home Depot's average Cyclically Adjusted FCF Growth Rate was 8.00% 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 13.00% per year. During the past 10 years, the average Cyclically Adjusted FCF Growth Rate was 16.20% 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 The Home Depot was 160.40% per year. The lowest was -1.90% per year. And the median was 17.60% per year.

As of today (2026-07-27), The Home Depot's current stock price is €12.60. The Home Depot's Cyclically Adjusted FCF per Share for the quarter that ended in Apr. 2026 was €0.57. The Home Depot's Cyclically Adjusted Price-to-FCF of today is 22.11.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of The Home Depot was 46.78. The lowest was 20.39. And the median was 33.88.


The Home Depot  (FRA:HDI0) 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.

The Home Depot's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=12.60/0.57
=22.11

* 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 The Home Depot was 46.78. The lowest was 20.39. And the median was 33.88.


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.


The Home Depot Cyclically Adjusted FCF per Share Related Terms


The Home Depot Cyclically Adjusted FCF per Share Historical Data

* Premium members only.

The historical data trend for The Home Depot'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.

The Home Depot Cyclically Adjusted FCF per Share Chart

The Home Depot Annual Data
Trend Jan17 Jan18 Jan19 Jan20 Jan21 Jan22 Jan23 Jan24 Jan25 Jan26
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.46 0.54 0.56 0.54

The Home Depot Quarterly Data
Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25 Apr25 Jul25 Oct25 Jan26 Apr26
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 0.54 0.56 0.55 0.54 0.57

FRA:HDI0 vs LOW, FND, HVT: Cyclically Adjusted FCF per Share Comparison

For the Home Improvement Retail subindustry, The Home Depot'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.


The Home Depot Cyclically Adjusted Price-to-FCF vs Retail - Cyclical Industry

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

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


FRA:HDI0
83GF Score
The Home Depot Inc FRA:HDI0
Cyclically Adjusted FCF per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

The Home Depot 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, The Home Depot's adjusted Free Cash Flow per Share data for the three months ended in Apr. 2026 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Apr. 2026 (Change)*Current CPI (Apr. 2026)
=0.21/333.0200*333.0200
=0.210

Current CPI (Apr. 2026) = 333.0200.

The Home Depot Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201607 0.099 240.628 0.137
201610 0.021 241.729 0.029
201701 0.051 242.839 0.070
201704 0.150 244.524 0.204
201707 0.100 244.786 0.136
201710 0.047 246.663 0.063
201801 0.058 247.867 0.078
201804 0.114 250.546 0.152
201807 0.119 252.006 0.157
201810 0.054 252.885 0.071
201901 0.088 251.712 0.116
201904 0.153 255.548 0.199
201907 0.125 256.571 0.162
201910 0.063 257.346 0.082
202001 0.082 257.971 0.106
202004 0.208 256.389 0.270
202007 0.329 259.101 0.423
202010 0.079 260.388 0.101
202101 0.017 261.582 0.022
202104 0.212 267.054 0.264
202107 0.117 273.003 0.143
202110 0.106 276.589 0.128
202201 0.094 281.148 0.111
202204 0.130 289.109 0.150
202207 0.120 296.276 0.135
202210 0.097 298.012 0.108
202301 0.159 299.170 0.177
202304 0.200 303.363 0.220
202307 0.247 305.691 0.269
202310 0.159 307.671 0.172
202401 0.169 308.417 0.182
202404 0.206 313.548 0.219
202407 0.206 314.540 0.218
202410 0.149 315.664 0.157
202501 0.163 317.671 0.171
202504 0.149 320.795 0.155
202507 0.152 323.048 0.157
202510 0.127 0.000
202601 0.092 325.252 0.094
202604 0.210 333.020 0.210

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 €0.57 mean?
The Home Depot (FRA:HDI0) has a Cyclically Adjusted FCF per Share of €0.57 as of Apr. 2026. Cyclically Adjusted FCF per Share represents the company's inflation-adjusted FCF per share over a 10-year period. View historical data on The Home Depot and its competitors.
Is The Home Depot's Cyclically Adjusted FCF per Share too high?
The Home Depot's current Cyclically Adjusted FCF per Share is €0.57. Overall, The Home Depot has a GF Score™ of 83/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does The Home Depot's Cyclically Adjusted FCF per Share compare to LOW and FND?
The Home Depot's Cyclically Adjusted FCF per Share of €0.57 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 The Home Depot and its competitors. The Home Depot's current Cyclically Adjusted FCF per Share is €0.57. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is The Home Depot stock overvalued right now?
Based on GuruFocus' analysis, The Home Depot (FRA:HDI0) is currently considered Modestly Undervalued. The stock's GF Value™ is €14.47, compared to a current price of €12.60 — trading 12.9% below its estimated fair value. The current Cyclically Adjusted FCF per Share is €0.57. The Home Depot's overall GF Score™ is 83/100 with 3 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 The Home Depot (FRA:HDI0), the current Cyclically Adjusted FCF per Share is €0.57 as of Apr. 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 The Home Depot (FRA:HDI0) Overvalued in 2026?

Based on GuruFocus' analysis, The Home Depot stock appears to be undervalued. The current stock price of €12.60 is trading 12.9% below its estimated GF Value™ of €14.47. GuruFocus considers The Home Depot to be Modestly Undervalued.

Key valuation signals for FRA:HDI0:

  • Cyclically Adjusted FCF per Share: €0.57
  • GF Value™: €14.47 vs. price of €12.60 (12.9% below fair value)
  • GF Score™: 83/100 with 3 warning signs

No single metric tells the full story. See the FRA:HDI0 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


The Home Depot Business Description

Address 2455 Paces Ferry Road, Atlanta, GA, USA, 30339
Home Depot is the world's largest home improvement specialty retailer, operating 2,361 warehouse-format stores offering more than 30,000 products in store and 1 million products online in the US, Canada, and Mexico. Its stores offer building materials, home improvement products, lawn and garden products, and decor products and provide various services, including home improvement installation services and tool and equipment rentals. The acquisition of Interline Brands in 2015 allowed Home Depot to enter the MRO business, which has been expanded through the tie-up with HD Supply (2020). The 2024 tie-up with SRS will help grow professional demand in roofing, pool, and landscaping projects, while the 2025 purchase of GMS will lift building product sales through 1,250 distribution locations.
83GF Score

Get the complete analysis for FRA:HDI0

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

€12.60
Price
€14.47
GF Value