Potbelly (FRA:PTB) Cyclically Adjusted FCF per Share: €0.04 (As of Jun. 2025)

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:PTB Potbelly Corp FRA:PTB
9 GF Score
Price €14.60
View Full Analysis

What is Potbelly Cyclically Adjusted FCF per Share?

Potbelly FRA:PTB 9 Cyclically Adjusted FCF per Share is €0.04 as of Jun. 2025. GuruFocus rates FRA:PTB with a GF Score™ of 9/100.

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.

Potbelly's adjusted free cash flow per share for the three months ended in Jun. 2025 was €0.222. 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 €0.04 for the trailing ten years ended in Jun. 2025.

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 (2026-07-18), Potbelly's current stock price is €14.60. Potbelly's Cyclically Adjusted FCF per Share for the quarter that ended in Jun. 2025 was €0.04. Potbelly's Cyclically Adjusted Price-to-FCF of today is 365.00.


Potbelly  (FRA:PTB) 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=14.60/0.04
=365.00

* 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.


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.


Potbelly Cyclically Adjusted FCF per Share Related Terms


Potbelly Cyclically Adjusted FCF per Share Historical Data

* Premium members only.

The historical data trend for Potbelly'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.

Potbelly Cyclically Adjusted FCF per Share Chart

Potbelly 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 0.00 0.00 0.00 0.00 0.01

Potbelly Quarterly Data
Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25
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 -0.01 -0.01 0.01 0.02 0.04

FRA:PTB vs BRCB, NATH, VENU: Cyclically Adjusted FCF per Share Comparison

For the Restaurants subindustry, Potbelly'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.


Potbelly Cyclically Adjusted Price-to-FCF vs Restaurants Industry

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

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


FRA:PTB
9GF Score
Potbelly Corp FRA:PTB
Cyclically Adjusted FCF per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

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

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Jun. 2025 (Change)*Current CPI (Jun. 2025)
=0.222/322.5610*322.5610
=0.222

Current CPI (Jun. 2025) = 322.5610.

Potbelly Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201509 0.061 237.945 0.083
201512 0.054 236.525 0.074
201603 0.177 238.132 0.240
201606 0.225 241.018 0.301
201609 0.059 241.428 0.079
201612 -0.162 241.432 -0.216
201703 0.197 243.801 0.261
201706 -0.202 244.955 -0.266
201709 0.169 246.819 0.221
201712 0.077 246.524 0.101
201803 0.056 249.554 0.072
201806 0.152 251.989 0.195
201809 -0.011 252.439 -0.014
201812 0.131 251.233 0.168
201903 -0.181 254.202 -0.230
201906 0.248 256.143 0.312
201909 -0.055 256.759 -0.069
201912 0.132 256.974 0.166
202003 -0.485 258.115 -0.606
202006 0.016 257.797 0.020
202009 -0.148 260.280 -0.183
202012 -0.206 260.474 -0.255
202103 -0.356 264.877 -0.434
202106 0.066 271.696 0.078
202109 -0.177 274.310 -0.208
202112 0.024 278.802 0.028
202203 -0.292 287.504 -0.328
202206 0.259 296.311 0.282
202209 -0.097 296.808 -0.105
202212 0.255 296.797 0.277
202303 -0.128 301.836 -0.137
202306 0.267 305.109 0.282
202309 -0.078 307.789 -0.082
202312 0.006 306.746 0.006
202403 -0.102 312.332 -0.105
202406 -0.047 314.175 -0.048
202409 0.145 315.301 0.148
202412 0.010 315.605 0.010
202503 0.113 319.799 0.114
202506 0.222 322.561 0.222

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 €0.04 mean?
Potbelly (FRA:PTB) has a Cyclically Adjusted FCF per Share of €0.04 as of Jun. 2025. Cyclically Adjusted FCF per Share represents the company's inflation-adjusted FCF per share over a 10-year period. View historical data on Potbelly and its competitors.
Is Potbelly's Cyclically Adjusted FCF per Share too high?
Potbelly's current Cyclically Adjusted FCF per Share is €0.04. Overall, Potbelly has a GF Score™ of 9/100, reflecting its overall financial health beyond just this single metric.
How does Potbelly's Cyclically Adjusted FCF per Share compare to BRCB and NATH?
Potbelly's Cyclically Adjusted FCF per Share of €0.04 can be compared against companies in the Restaurants 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 Restaurants company?
A good Cyclically Adjusted FCF per Share depends on the Restaurants 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 Potbelly and its competitors. Potbelly's current Cyclically Adjusted FCF per Share is €0.04. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Potbelly stock overvalued right now?
Potbelly (FRA:PTB) has a current Cyclically Adjusted FCF per Share of €0.04. The current Cyclically Adjusted FCF per Share is €0.04. Potbelly's overall GF Score™ is 9/100. 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 Potbelly (FRA:PTB), the current Cyclically Adjusted FCF per Share is €0.04 as of Jun. 2025. 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.

Potbelly Business Description

Address 111 North Canal Street, Suite 325, Chicago, IL, USA, 60606
Potbelly Corp owns and franchises hundreds of limited-service restaurants specializing in sandwiches and salads, shakes. The menu includes toasty sandwiches, signature salads, soups, chili, sides, desserts, and, in breakfast locations it serves breakfast sandwiches and steel-cut oatmeal. majority of its locations are company-owned and located in the United States, with Illinois and Texas housing far more locations than any other state. The company has franchise partners in a number of countries. Excluding the United States, its franchises are in the Middle East.
9GF Score

Get the complete analysis for FRA:PTB

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

€14.60
Price