GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » Biglari Holdings Inc (FRA:SQ7B) » Definitions » Cyclically Adjusted FCF per Share

Biglari Holdings (FRA:SQ7B) Cyclically Adjusted FCF per Share : €36.64 (As of Mar. 2025)


View and export this data going back to 2020. Start your Free Trial

What is Biglari Holdings 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.

Biglari Holdings's adjusted free cash flow per share for the three months ended in Mar. 2025 was €5.971. 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 €36.64 for the trailing ten years ended in Mar. 2025.

During the past 12 months, Biglari Holdings's average Cyclically Adjusted FCF Growth Rate was 5.80% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 11.70% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 20.40% per year. During the past 10 years, the average Cyclically Adjusted FCF Growth Rate was 17.30% 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 Biglari Holdings was 78.40% per year. The lowest was -9.00% per year. And the median was 10.75% per year.

As of today (2025-06-25), Biglari Holdings's current stock price is €250.00. Biglari Holdings's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2025 was €36.64. Biglari Holdings's Cyclically Adjusted Price-to-FCF of today is 6.82.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Biglari Holdings was 33.75. The lowest was 2.54. And the median was 6.36.


Biglari Holdings Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Biglari Holdings'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.

Biglari Holdings Cyclically Adjusted FCF per Share Chart

Biglari Holdings 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 15.20 24.03 30.39 32.72 37.27

Biglari Holdings 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 33.98 33.98 33.35 37.27 36.64

Competitive Comparison of Biglari Holdings's Cyclically Adjusted FCF per Share

For the Restaurants subindustry, Biglari Holdings'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.


Biglari Holdings's Cyclically Adjusted Price-to-FCF Distribution in the Restaurants Industry

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

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


;
;

Biglari Holdings 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, Biglari Holdings'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)
=5.971/134.9266*134.9266
=5.971

Current CPI (Mar. 2025) = 134.9266.

Biglari Holdings Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201506 6.736 100.684 9.027
201509 4.182 100.392 5.621
201512 7.423 99.792 10.036
201603 6.936 100.470 9.315
201606 10.799 101.688 14.329
201609 6.074 101.861 8.046
201612 1.131 101.863 1.498
201703 2.650 102.862 3.476
201706 1.798 103.349 2.347
201709 -0.408 104.136 -0.529
201712 1.920 104.011 2.491
201803 -3.654 105.290 -4.683
201806 2.079 106.317 2.638
201809 -4.100 106.507 -5.194
201812 5.344 105.998 6.802
201903 -6.954 107.251 -8.748
201906 -0.476 108.070 -0.594
201909 24.331 108.329 30.305
201912 12.908 108.420 16.064
202003 23.127 108.902 28.654
202006 12.775 108.767 15.847
202009 2.140 109.815 2.629
202012 1.002 109.897 1.230
202103 82.562 111.754 99.681
202106 1.291 114.631 1.520
202109 2.359 115.734 2.750
202112 -0.154 117.630 -0.177
202203 7.035 121.301 7.825
202206 3.754 125.017 4.052
202209 40.322 125.227 43.445
202212 6.620 125.222 7.133
202303 8.952 127.348 9.485
202306 4.410 128.729 4.622
202309 7.006 129.860 7.279
202312 5.269 129.419 5.493
202403 9.420 131.776 9.645
202406 -6.658 132.554 -6.777
202409 2.373 133.029 2.407
202412 3.354 133.157 3.399
202503 5.971 134.927 5.971

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


Biglari Holdings  (FRA:SQ7B) 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=250.00/36.64
=6.82

* 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 Biglari Holdings was 33.75. The lowest was 2.54. And the median was 6.36.


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.


Biglari Holdings Cyclically Adjusted FCF per Share Related Terms

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


Biglari Holdings Business Description

Traded in Other Exchanges
Address
19100 Ridgewood Parkway, Suite 1200, San Antonio, TX, USA, 78259
Biglari Holdings Inc is a holding company that owns subsidiaries in a range of businesses. The company's reportable segments include Restaurant Operations, Insurance Operations, Oil and Gas Operations. Company's restaurant operations include Steak n Shake and Western Sizzlin. Its insurance operations include First Guard, Southern Pioneer, and Biglari Reinsurance. Oil and gas operations include Southern Oil and Abraxas Petroleum. The Company also reports segment information for Maxim. The majority of revenue is derived from the Maxim Segment.

Biglari Holdings Headlines

No Headlines