Western Energy Services (FRA:W1T) Cyclically Adjusted FCF per Share: €0.88 (As of Mar. 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:W1T Western Energy Services Corp FRA:W1T
55 GF Score
Price €2.10
GF Value €1.48
Valuation Significantly Overvalued
! 6 Warning Signs
View Full Analysis

What is Western Energy Services Cyclically Adjusted FCF per Share?

Western Energy Services FRA:W1T -0.94% 55 Cyclically Adjusted FCF per Share is €0.88 as of Mar. 2026. GuruFocus rates FRA:W1T with a GF Score™ of 55/100 and a GF Value™ of €1.48 (Significantly Overvalued). 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.

Western Energy Services's adjusted free cash flow per share for the three months ended in Mar. 2026 was €0.059. 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 €0.88 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Western Energy Services's average Cyclically Adjusted FCF Growth Rate was -31.90% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was -25.80% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was -7.30% 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 Western Energy Services was 84.20% per year. The lowest was -25.80% per year. And the median was 16.90% per year.

As of today (2026-07-28), Western Energy Services's current stock price is €2.10. Western Energy Services's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2026 was €0.88. Western Energy Services's Cyclically Adjusted Price-to-FCF of today is 2.39.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Western Energy Services was 10.38. The lowest was 0.62. And the median was 1.29.


Western Energy Services  (FRA:W1T) 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.

Western Energy Services's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=2.10/0.88
=2.39

* 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 Western Energy Services was 10.38. The lowest was 0.62. And the median was 1.29.


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.


Western Energy Services Cyclically Adjusted FCF per Share Related Terms


Western Energy Services Cyclically Adjusted FCF per Share Historical Data

* Premium members only.

The historical data trend for Western Energy Services'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.

Western Energy Services Cyclically Adjusted FCF per Share Chart

Western Energy Services 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 2.20 2.60 2.29 1.65 0.94

Western Energy Services 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 1.35 0.97 1.01 0.94 0.88

FRA:W1T vs NE, RIG, VAL: Cyclically Adjusted FCF per Share Comparison

For the Oil & Gas Drilling subindustry, Western Energy Services'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.


Western Energy Services Cyclically Adjusted Price-to-FCF vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Western Energy Services's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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


FRA:W1T
55GF Score
Western Energy Services Corp FRA:W1T
Cyclically Adjusted FCF per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Western Energy Services 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, Western Energy Services'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)
=0.059/132.2623*132.2623
=0.059

Current CPI (Mar. 2026) = 132.2623.

Western Energy Services Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201606 0.796 102.002 1.032
201609 0.025 101.765 0.032
201612 -0.413 101.449 -0.538
201703 0.074 102.634 0.095
201706 1.654 103.029 2.123
201709 -0.464 103.345 -0.594
201712 -0.529 103.345 -0.677
201803 -0.057 105.004 -0.072
201806 1.564 105.557 1.960
201809 -0.434 105.636 -0.543
201812 -0.088 105.399 -0.110
201903 0.281 106.979 0.347
201906 1.208 107.690 1.484
201909 -0.136 107.611 -0.167
201912 0.468 107.769 0.574
202003 0.072 107.927 0.088
202006 1.944 108.401 2.372
202009 -0.128 108.164 -0.157
202012 0.015 108.559 0.018
202103 0.049 110.298 0.059
202106 0.540 111.720 0.639
202109 -0.300 112.905 -0.351
202112 0.489 113.774 0.568
202203 0.253 117.646 0.284
202206 -0.198 120.806 -0.217
202209 -0.036 120.648 -0.039
202212 -0.025 120.964 -0.027
202303 0.026 122.702 0.028
202306 0.383 124.203 0.408
202309 0.121 125.230 0.128
202312 0.058 125.072 0.061
202403 0.118 126.258 0.124
202406 0.273 127.522 0.283
202409 -0.055 127.285 -0.057
202412 0.168 127.364 0.174
202503 -0.044 129.181 -0.045
202506 0.260 129.892 0.265
202509 0.054 130.287 0.055
202512 0.087 130.366 0.088
202603 0.059 132.262 0.059

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 €0.88 mean?
Western Energy Services (FRA:W1T) has a Cyclically Adjusted FCF per Share of €0.88 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 Western Energy Services and its competitors.
Is Western Energy Services' Cyclically Adjusted FCF per Share too high?
Western Energy Services' current Cyclically Adjusted FCF per Share is €0.88. Overall, Western Energy Services has a GF Score™ of 55/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Western Energy Services' Cyclically Adjusted FCF per Share compare to NE and RIG?
Western Energy Services' Cyclically Adjusted FCF per Share of €0.88 can be compared against companies in the Oil & Gas 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 Oil & Gas company?
A good Cyclically Adjusted FCF per Share depends on the Oil & Gas 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 Western Energy Services and its competitors. Western Energy Services's current Cyclically Adjusted FCF per Share is €0.88. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Western Energy Services stock overvalued right now?
Based on GuruFocus' analysis, Western Energy Services (FRA:W1T) is currently considered Significantly Overvalued. The stock's GF Value™ is €1.48, compared to a current price of €2.10 — trading 41.9% above its estimated fair value. The current Cyclically Adjusted FCF per Share is €0.88. Western Energy Services' overall GF Score™ is 55/100 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 Western Energy Services (FRA:W1T), the current Cyclically Adjusted FCF per Share is €0.88 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 Western Energy Services (FRA:W1T) Overvalued in 2026?

Based on GuruFocus' analysis, Western Energy Services stock appears to be overvalued. The current stock price of €2.10 is trading 41.9% above its estimated GF Value™ of €1.48. GuruFocus considers Western Energy Services to be Significantly Overvalued.

Key valuation signals for FRA:W1T:

  • Cyclically Adjusted FCF per Share: €0.88
  • GF Value™: €1.48 vs. price of €2.10 (41.9% above fair value)
  • GF Score™: 55/100 with 6 warning signs

No single metric tells the full story. See the FRA:W1T stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Western Energy Services Business Description

Industry EnergyOil & Gas
Other Exchanges WEEEF:USAWRG:Canada
Address 215, 9th Avenue SW, Suite 1700, Calgary, AB, CAN, T2P 1K3
Western Energy Services Corp is an energy service company providing contract drilling services through its division, Horizon Drilling in Canada, and its wholly owned subsidiary in the United States. The company provides production services in Canada through its division Eagle Well Servicing (Eagle) which provides well servicing and its division Aero Rental Services (Aero), which provides rental equipment services. It operates in two segments. Contract drilling includes drilling rigs along with related ancillary equipment. Production services include well servicing rigs and related equipment, as well as rental equipment. The contract drilling segment derives the majority of the revenue.
55GF Score

Get the complete analysis for FRA:W1T

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

€2.10
Price
€1.48
GF Value