White Mountains Insurance Group (FRA:WNI) Cyclically Adjusted FCF per Share: € (As of Jun. 2026)

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FRA:WNI White Mountains Insurance Group Ltd FRA:WNI
63 GF Score
Price €1,750.00
GF Value €2,183.30
Valuation Modestly Undervalued
! 3 Warning Signs
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What is White Mountains Insurance Group Cyclically Adjusted FCF per Share?

White Mountains Insurance Group FRA:WNI -1.14% 63 Cyclically Adjusted FCF per Share is € as of Jun. 2026. GuruFocus rates FRA:WNI with a GF Score™ of 63/100 and a GF Value™ of €2,183.30 (Modestly Undervalued). 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.

White Mountains Insurance Group's adjusted free cash flow per share for the three months ended in Jun. 2026 was €14.013. 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 for the trailing ten years ended in Jun. 2026.

During the past 12 months, White Mountains Insurance Group's average Cyclically Adjusted FCF Growth Rate was 29.70% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 89.50% 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 White Mountains Insurance Group was 89.50% per year. The lowest was -240.60% per year. And the median was -0.50% per year.

As of today (2026-09-22), White Mountains Insurance Group's current stock price is €1750.00. White Mountains Insurance Group's Cyclically Adjusted FCF per Share for the quarter that ended in Jun. 2026 was . White Mountains Insurance Group's Cyclically Adjusted Price-to-FCF of today is .

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of White Mountains Insurance Group was 8114.45. The lowest was 26.45. And the median was 52.73.


White Mountains Insurance Group  (FRA:WNI) 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.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of White Mountains Insurance Group was 8114.45. The lowest was 26.45. And the median was 52.73.


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.


White Mountains Insurance Group Cyclically Adjusted FCF per Share Related Terms


White Mountains Insurance Group Cyclically Adjusted FCF per Share Historical Data

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The historical data trend for White Mountains Insurance 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.

White Mountains Insurance Group Cyclically Adjusted FCF per Share Chart

White Mountains Insurance Group Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted FCF per Share
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White Mountains Insurance Group Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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FRA:WNI vs SIGI, MCY, RLI: Cyclically Adjusted FCF per Share Comparison

For the Insurance - Property & Casualty subindustry, White Mountains Insurance 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.


White Mountains Insurance Group Cyclically Adjusted Price-to-FCF vs Insurance Industry

For the Insurance industry and Financial Services sector, White Mountains Insurance Group's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where White Mountains Insurance Group's Cyclically Adjusted Price-to-FCF falls into.


FRA:WNI
63GF Score
White Mountains Insurance Group Ltd FRA:WNI
Cyclically Adjusted FCF per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

White Mountains Insurance 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, White Mountains Insurance 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)
=14.013/333.9520*333.9520
=14.013

Current CPI (Jun. 2026) = 333.9520.

White Mountains Insurance Group Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201609 9.515 241.428 13.161
201612 9.774 241.432 13.520
201703 -11.000 243.801 -15.068
201706 15.602 244.955 21.271
201709 13.950 246.819 18.875
201712 16.986 246.524 23.010
201803 -9.825 249.554 -13.148
201806 3.869 251.989 5.127
201809 2.394 252.439 3.167
201812 -1.284 251.233 -1.707
201903 -14.025 254.202 -18.425
201906 4.613 256.143 6.014
201909 -8.000 256.759 -10.405
201912 -10.451 256.974 -13.582
202003 -1.241 258.115 -1.606
202006 -3.112 257.797 -4.031
202009 18.416 260.280 23.629
202012 -17.288 260.474 -22.165
202103 -15.561 264.877 -19.619
202106 22.472 271.696 27.621
202109 20.662 274.310 25.154
202112 0.528 278.802 0.632
202203 -1.827 287.504 -2.122
202206 15.784 296.311 17.789
202209 43.275 296.808 48.691
202212 100.366 296.797 112.930
202303 31.865 301.836 35.256
202306 31.352 305.109 34.316
202309 89.072 307.789 96.643
202312 38.978 306.746 42.435
202403 46.594 312.332 49.819
202406 88.943 314.175 94.542
202409 113.456 315.301 120.167
202412 40.148 315.605 42.482
202503 -6.843 319.799 -7.146
202506 66.553 322.561 68.903
202509 144.417 324.800 148.486
202512 21.812 324.054 22.478
202603 12.853 330.213 12.999
202606 14.013 333.952 14.013

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 € mean?
White Mountains Insurance Group (FRA:WNI) has a Cyclically Adjusted FCF per Share of € 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 White Mountains Insurance Group and its competitors.
Is White Mountains Insurance Group's Cyclically Adjusted FCF per Share too high?
White Mountains Insurance Group's current Cyclically Adjusted FCF per Share is €. Overall, White Mountains Insurance Group has a GF Score™ of 63/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does White Mountains Insurance Group's Cyclically Adjusted FCF per Share compare to SIGI and MCY?
White Mountains Insurance Group's Cyclically Adjusted FCF per Share of € can be compared against companies in the Insurance 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 Insurance company?
A good Cyclically Adjusted FCF per Share depends on the Insurance 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 White Mountains Insurance Group and its competitors. White Mountains Insurance Group's current Cyclically Adjusted FCF per Share is €. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is White Mountains Insurance Group stock overvalued right now?
Based on GuruFocus' analysis, White Mountains Insurance Group (FRA:WNI) is currently considered Modestly Undervalued. The stock's GF Value™ is €2,183.30, compared to a current price of €1,750.00 — trading 19.8% below its estimated fair value. The current Cyclically Adjusted FCF per Share is €. White Mountains Insurance Group's overall GF Score™ is 63/100 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 White Mountains Insurance Group (FRA:WNI), the current Cyclically Adjusted FCF per Share is € 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 White Mountains Insurance Group (FRA:WNI) Overvalued in 2026?

Based on GuruFocus' analysis, White Mountains Insurance Group stock appears to be undervalued. The current stock price of €1,750.00 is trading 19.8% below its estimated GF Value™ of €2,183.30. GuruFocus considers White Mountains Insurance Group to be Modestly Undervalued.

Key valuation signals for FRA:WNI:

  • Cyclically Adjusted FCF per Share:
  • GF Value™: €2,183.30 vs. price of €1,750.00 (19.8% below fair value)
  • GF Score™: 63/100 with 3 warning signs

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


White Mountains Insurance Group Business Description

Other Exchanges WTM:USA
Address 23 South Main Street, Suite 3B, Hanover, NH, USA, 03755-2053
White Mountains Insurance Group Ltd is engaged in the business of making opportunistic and value-oriented acquisitions of businesses and assets in the insurance, financial services, and related sectors, operating these businesses and assets through its subsidiaries and, if and when attractive exit valuations become available, disposing of these businesses and assets. The company conducts its business in five areas: property and casualty insurance and reinsurance, municipal bond reinsurance, capital solutions for asset and wealth management firms, property and casualty insurance distribution, and other operations. The company has four reportable segments: Ark/WM Outrigger, HG Global, Kudu and Distinguished.
63GF Score

Get the complete analysis for FRA:WNI

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

€1,750.00
Price
€2,183.30
GF Value