Ratos AB (FRA:RAZC) Cyclically Adjusted FCF per Share: €0.50 (As of Mar. 2026)


FRA:RAZC Ratos AB FRA:RAZC
41 GF Score
Price €2.83
GF Value €2.01
Valuation Significantly Overvalued
! 3 Warning Signs
View Full Analysis

What is Ratos AB Cyclically Adjusted FCF per Share?

Ratos AB FRA:RAZC +0.71% 41 Cyclically Adjusted FCF per Share is €0.50 as of Mar. 2026. GuruFocus rates FRA:RAZC with a GF Score™ of 41/100 and a GF Value™ of €2.01 (Significantly Overvalued). 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.

Ratos AB's adjusted free cash flow per share for the three months ended in Mar. 2026 was €-0.020. 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 €0.50 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Ratos AB's average Cyclically Adjusted FCF Growth Rate was 7.10% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 19.70% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 19.50% 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 Ratos AB was 30.00% per year. The lowest was 18.60% per year. And the median was 21.10% per year.

As of today (2026-06-27), Ratos AB's current stock price is €2.83. Ratos AB's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2026 was €0.50. Ratos AB's Cyclically Adjusted Price-to-FCF of today is 5.66.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Ratos AB was 42.39. The lowest was 5.39. And the median was 14.64.


Ratos AB  (FRA:RAZC) 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=2.83/0.50
=5.66

* 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 Ratos AB was 42.39. The lowest was 5.39. And the median was 14.64.


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.


Ratos AB Cyclically Adjusted FCF per Share Related Terms


Ratos AB Cyclically Adjusted FCF per Share Historical Data

* Premium members only.

The historical data trend for Ratos AB'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.

Ratos AB Cyclically Adjusted FCF per Share Chart

Ratos AB Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.42 0.46 0.52

Ratos AB Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 0.47 0.51 0.52 0.52 0.50

FRA:RAZC vs PWR, FIX, EME: Cyclically Adjusted FCF per Share Comparison

For the Engineering & Construction subindustry, Ratos AB'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.


Ratos AB Cyclically Adjusted Price-to-FCF vs Construction Industry

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

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


FRA:RAZC
41GF Score
Ratos AB FRA:RAZC
Cyclically Adjusted FCF per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Ratos AB 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, Ratos AB's adjusted Free Cash Flow per Share data for the three months ended in Mar. 2026 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=-0.02/133.3862*133.3862
=-0.020

Current CPI (Mar. 2026) = 133.3862.

Ratos AB Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201606 0.041 101.019 0.054
201609 -0.042 101.138 -0.055
201612 0.289 102.022 0.378
201703 -0.093 102.022 -0.122
201706 0.221 102.752 0.287
201709 -0.177 103.279 -0.229
201712 0.255 103.793 0.328
201803 -0.137 103.962 -0.176
201806 0.277 104.875 0.352
201809 -0.158 105.679 -0.199
201812 0.086 105.912 0.108
201903 -0.047 105.886 -0.059
201906 0.381 106.742 0.476
201909 -0.034 107.214 -0.042
201912 0.200 107.766 0.248
202003 0.029 106.563 0.036
202006 0.456 107.498 0.566
202009 0.113 107.635 0.140
202012 0.159 108.296 0.196
202103 -0.147 108.360 -0.181
202106 0.411 108.928 0.503
202109 0.010 110.338 0.012
202112 0.035 112.486 0.042
202203 -0.133 114.825 -0.154
202206 0.266 118.384 0.300
202209 0.188 122.296 0.205
202212 -0.030 126.365 -0.032
202303 0.107 127.042 0.112
202306 0.509 129.407 0.525
202309 0.234 130.224 0.240
202312 0.222 131.912 0.224
202403 -0.059 132.205 -0.060
202406 0.357 132.716 0.359
202409 0.192 132.304 0.194
202412 0.353 132.987 0.354
202503 -0.095 132.825 -0.095
202506 0.261 133.699 0.260
202509 0.206 133.482 0.206
202512 0.155 133.386 0.155
202603 -0.020 133.386 -0.020

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 €0.50 mean?
Ratos AB (FRA:RAZC) has a Cyclically Adjusted FCF per Share of €0.50 as of Mar. 2026. Cyclically Adjusted FCF per Share represents the company's inflation-adjusted FCF per share over a 10-year period. View historical data on Ratos AB and its competitors.
Is Ratos AB's Cyclically Adjusted FCF per Share too high?
Ratos AB's current Cyclically Adjusted FCF per Share is €0.50. Overall, Ratos AB has a GF Score™ of 41/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Ratos AB's Cyclically Adjusted FCF per Share compare to PWR and FIX?
Ratos AB's Cyclically Adjusted FCF per Share of €0.50 can be compared against companies in the Construction 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 Construction company?
A good Cyclically Adjusted FCF per Share depends on the Construction 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 Ratos AB and its competitors. Ratos AB's current Cyclically Adjusted FCF per Share is €0.50. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ratos AB stock overvalued right now?
Based on GuruFocus' analysis, Ratos AB (FRA:RAZC) is currently considered Significantly Overvalued. The stock's GF Value™ is €2.01, compared to a current price of €2.83 — trading 40.8% above its estimated fair value. The current Cyclically Adjusted FCF per Share is €0.50. Ratos AB's overall GF Score™ is 41/100 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 Ratos AB (FRA:RAZC), the current Cyclically Adjusted FCF per Share is €0.50 as of Mar. 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 Ratos AB (FRA:RAZC) Overvalued in 2026?

Based on GuruFocus' analysis, Ratos AB stock appears to be overvalued. The current stock price of €2.83 is trading 40.8% above its estimated GF Value™ of €2.01. GuruFocus considers Ratos AB to be Significantly Overvalued.

Key valuation signals for FRA:RAZC:

  • Cyclically Adjusted FCF per Share: €0.50
  • GF Value™: €2.01 vs. price of €2.83 (40.8% above fair value)
  • GF Score™: 41/100 with 3 warning signs

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


Ratos AB Business Description

Address Sturegatan 10, Box 511, Stockholm, SWE, SE-114 11
Ratos AB is an investment company that owns and develops unlisted medium-and small-sized Nordic companies. The company focuses on technological and infrastructure solutions and comprises two business segment; Construction & Services and Consumer. Majority of the revenue is generated from its Construction & Services segment which predominantly includes maintenance of infrastructure within railway, road, energy solutions, and construction of new critical buildings such as hospitals, schools, police stations and governmental buildings in the Nordics. Geographically, the company generates majority of its revenue from Norway and rest from Sweden and other regions.
41GF Score

Get the complete analysis for FRA:RAZC

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

€2.83
Price
€2.01
GF Value