Great Elm Group (FRA:PNC) Cyclically Adjusted FCF per Share: €-0.16 (As of Jun. 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:PNC Great Elm Group Inc FRA:PNC
14 GF Score
Price €1.79
GF Value €2.49
Valuation Modestly Undervalued
! 6 Warning Signs
View Full Analysis

What is Great Elm Group Cyclically Adjusted FCF per Share?

Great Elm Group FRA:PNC -1.65% 14 Cyclically Adjusted FCF per Share is €-0.16 as of Jun. 2026. GuruFocus rates FRA:PNC with a GF Score™ of 14/100 and a GF Value™ of €2.49 (Modestly Undervalued). The stock has 6 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.

Great Elm Group's adjusted free cash flow per share for the three months ended in Jun. 2026 was €0.231. 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 €-0.16 for the trailing ten years ended in Jun. 2026.

During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 23.20% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 30.80% per year. During the past 10 years, the average Cyclically Adjusted FCF Growth Rate was 21.00% 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 Great Elm Group was 42.90% per year. The lowest was -6.10% per year. And the median was 16.80% per year.

As of today (2026-09-08), Great Elm Group's current stock price is €1.79. Great Elm Group's Cyclically Adjusted FCF per Share for the quarter that ended in Jun. 2026 was €-0.16. Great Elm Group's Cyclically Adjusted Price-to-FCF of today is .


Great Elm Group  (FRA:PNC) 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.


Great Elm Group Cyclically Adjusted FCF per Share Related Terms


Great Elm Group Cyclically Adjusted FCF per Share Historical Data

* Premium members only.

The historical data trend for Great Elm Group'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.

Great Elm Group Cyclically Adjusted FCF per Share Chart

Great Elm Group Annual Data
Trend Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25 Jun26
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only -1.39 -0.37 -1.25 -0.58 -0.16

Great Elm Group Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 -0.58 -0.51 -0.41 -0.24 -0.16

FRA:PNC vs PCM, PGZ, NMS: Cyclically Adjusted FCF per Share Comparison

For the Asset Management subindustry, Great Elm Group'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.


Great Elm Group Cyclically Adjusted Price-to-FCF vs Asset Management Industry

For the Asset Management industry and Financial Services sector, Great Elm Group's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Great Elm Group's Cyclically Adjusted Price-to-FCF falls into.


FRA:PNC
14GF Score
Great Elm Group Inc FRA:PNC
Cyclically Adjusted FCF per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Great Elm Group 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, Great Elm Group's adjusted Free Cash Flow per Share data for the three months ended in Jun. 2026 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=0.231/333.9520*333.9520
=0.231

Current CPI (Jun. 2026) = 333.9520.

Great Elm Group Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201609 -0.981 241.428 -1.357
201612 0.318 241.432 0.440
201703 -0.109 243.801 -0.149
201706 -0.029 244.955 -0.040
201709 -0.071 246.819 -0.096
201712 -0.040 246.524 -0.054
201803 0.003 249.554 0.004
201806 -0.028 251.989 -0.037
201809 -0.029 252.439 -0.038
201812 -0.039 251.233 -0.052
201903 -0.015 254.202 -0.020
201906 -0.089 256.143 -0.116
201909 -0.035 256.759 -0.046
201912 0.002 256.974 0.003
202003 -0.017 258.115 -0.022
202006 0.202 257.797 0.262
202009 0.002 260.280 0.003
202012 -0.156 260.474 -0.200
202103 -0.691 264.877 -0.871
202106 0.001 271.696 0.001
202109 -0.117 274.310 -0.142
202112 0.224 278.802 0.268
202203 0.416 287.504 0.483
202206 0.500 296.311 0.564
202209 0.072 296.808 0.081
202212 -0.016 296.797 -0.018
202303 -0.134 301.836 -0.148
202306 0.010 305.109 0.011
202309 -0.137 307.789 -0.149
202312 -0.423 306.746 -0.461
202403 0.042 312.332 0.045
202406 0.091 314.175 0.097
202409 -0.129 315.301 -0.137
202412 -0.134 315.605 -0.142
202503 -0.046 319.799 -0.048
202506 0.071 322.561 0.074
202509 0.112 324.800 0.115
202512 -0.051 324.054 -0.053
202603 0.164 330.213 0.166
202606 0.231 333.952 0.231

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 €-0.16 mean?
Great Elm Group (FRA:PNC) has a Cyclically Adjusted FCF per Share of €-0.16 as of Jun. 2026. Cyclically Adjusted FCF per Share represents the company's inflation-adjusted FCF per share over a 10-year period. View historical data on Great Elm Group and its competitors.
Is Great Elm Group's Cyclically Adjusted FCF per Share too high?
Great Elm Group's current Cyclically Adjusted FCF per Share is €-0.16. Overall, Great Elm Group has a GF Score™ of 14/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Great Elm Group's Cyclically Adjusted FCF per Share compare to PCM and PGZ?
Great Elm Group's Cyclically Adjusted FCF per Share of €-0.16 can be compared against companies in the Asset Management 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 Asset Management company?
A good Cyclically Adjusted FCF per Share depends on the Asset Management 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 Great Elm Group and its competitors. Great Elm Group's current Cyclically Adjusted FCF per Share is €-0.16. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Great Elm Group stock overvalued right now?
Based on GuruFocus' analysis, Great Elm Group (FRA:PNC) is currently considered Modestly Undervalued. The stock's GF Value™ is €2.49, compared to a current price of €1.79 — trading 28.1% below its estimated fair value. The current Cyclically Adjusted FCF per Share is €-0.16. Great Elm Group's overall GF Score™ is 14/100 with 6 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 Great Elm Group (FRA:PNC), the current Cyclically Adjusted FCF per Share is €-0.16 as of Jun. 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 Great Elm Group (FRA:PNC) Overvalued in 2026?

Based on GuruFocus' analysis, Great Elm Group stock appears to be undervalued. The current stock price of €1.79 is trading 28.1% below its estimated GF Value™ of €2.49. GuruFocus considers Great Elm Group to be Modestly Undervalued.

Key valuation signals for FRA:PNC:

  • Cyclically Adjusted FCF per Share: €-0.16
  • GF Value™: €2.49 vs. price of €1.79 (28.1% below fair value)
  • GF Score™: 14/100 with 6 warning signs

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


Great Elm Group Business Description

Other Exchanges GEG:USA
Address 3801 PGA Boulevard, Suite 603, Palm Beach Gardens, FL, USA, 33410
Great Elm Group Inc operates as an alternative asset manager focused on growing a scalable and diversified portfolio of long-duration and permanent capital vehicles across credit, real estate, specialty finance, and other alternative strategies. Along with its subsidiaries, it manages Great Elm Capital Corp, a publicly traded business development company, and Monomoy Properties REIT, LLC, an industrial-focused real estate investment trust, in addition to other investments.
14GF Score

Get the complete analysis for FRA:PNC

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

€1.79
Price
€2.49
GF Value