VNET Group (HAM:217A) Cyclically Adjusted FCF per Share: €-1.02 (As of Mar. 2026)

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HAM:217A VNET Group Inc HAM:217A
57 GF Score
Price €6.22
GF Value €3.77
! 8 Warning Signs
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What is VNET Group Cyclically Adjusted FCF per Share?

VNET Group HAM:217A -8.53% 57 Cyclically Adjusted FCF per Share is €-1.02 as of Mar. 2026. GuruFocus rates HAM:217A with a GF Score™ of 57/100 and a GF Value™ of €3.77. The stock has 8 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.

VNET Group's adjusted free cash flow per share for the three months ended in Mar. 2026 was €-0.742. 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 €-1.02 for the trailing ten years ended in Mar. 2026.

During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was -9.10% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was -6.20% 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 VNET Group was -3.10% per year. The lowest was -16.40% per year. And the median was -6.65% per year.

As of today (2026-07-28), VNET Group's current stock price is €6.22. VNET Group's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2026 was €-1.02. VNET Group's Cyclically Adjusted Price-to-FCF of today is .


VNET Group  (HAM:217A) 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.


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.


VNET Group Cyclically Adjusted FCF per Share Related Terms


VNET Group Cyclically Adjusted FCF per Share Historical Data

* Premium members only.

The historical data trend for VNET 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.

VNET Group Cyclically Adjusted FCF per Share Chart

VNET Group 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 0.00 0.00 -1.02

VNET Group 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 0.00 0.00 0.00 -1.02 -1.02

HAM:217A vs INOD, SHAZ, DXC: Cyclically Adjusted FCF per Share Comparison

For the Information Technology Services subindustry, VNET 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.


VNET Group Cyclically Adjusted Price-to-FCF vs Software Industry

For the Software industry and Technology sector, VNET Group's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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


HAM:217A
57GF Score
VNET Group Inc HAM:217A
Cyclically Adjusted FCF per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

VNET 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, VNET Group'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)
=-0.742/116.3033*116.3033
=-0.742

Current CPI (Mar. 2026) = 116.3033.

VNET Group Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201606 -0.220 101.400 -0.252
201609 -0.193 102.400 -0.219
201612 -0.045 102.600 -0.051
201703 -0.075 103.200 -0.085
201706 -0.073 103.100 -0.082
201709 0.147 104.100 0.164
201712 0.089 104.500 0.099
201803 0.003 105.300 0.003
201806 0.019 104.900 0.021
201809 0.148 106.600 0.161
201812 0.112 106.500 0.122
201903 -0.121 107.700 -0.131
201906 -0.100 107.700 -0.108
201909 -0.291 109.800 -0.308
201912 -0.023 111.200 -0.024
202003 -0.437 112.300 -0.453
202006 -0.378 110.400 -0.398
202009 -0.544 111.700 -0.566
202012 -0.464 111.500 -0.484
202103 -0.368 112.662 -0.380
202106 -0.114 111.769 -0.119
202109 -0.461 112.215 -0.478
202112 -0.259 113.108 -0.266
202203 -0.488 114.335 -0.496
202206 0.385 114.558 0.391
202209 0.026 115.339 0.026
202212 -0.509 115.116 -0.514
202303 -0.120 115.116 -0.121
202306 0.016 114.558 0.016
202309 -0.442 115.339 -0.446
202312 -0.400 114.781 -0.405
202403 -0.364 115.227 -0.367
202406 -0.289 114.781 -0.293
202409 -0.307 115.785 -0.308
202412 -1.063 114.893 -1.076
202503 -0.776 115.116 -0.784
202506 0.046 114.907 0.047
202509 -0.628 115.471 -0.633
202512 -1.355 115.832 -1.361
202603 -0.742 116.303 -0.742

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 €-1.02 mean?
VNET Group (HAM:217A) has a Cyclically Adjusted FCF per Share of €-1.02 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 VNET Group and its competitors.
Is VNET Group's Cyclically Adjusted FCF per Share too high?
VNET Group's current Cyclically Adjusted FCF per Share is €-1.02. Overall, VNET Group has a GF Score™ of 57/100, reflecting its overall financial health beyond just this single metric.
How does VNET Group's Cyclically Adjusted FCF per Share compare to INOD and SHAZ?
VNET Group's Cyclically Adjusted FCF per Share of €-1.02 can be compared against companies in the Software 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 Software company?
A good Cyclically Adjusted FCF per Share depends on the Software 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 VNET Group and its competitors. VNET Group's current Cyclically Adjusted FCF per Share is €-1.02. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is VNET Group stock overvalued right now?
VNET Group (HAM:217A) has a current Cyclically Adjusted FCF per Share of €-1.02. The stock's GF Value™ is €3.77, compared to a current price of €6.22 — trading 65% above its estimated fair value. The current Cyclically Adjusted FCF per Share is €-1.02. VNET Group's overall GF Score™ is 57/100 with 8 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 VNET Group (HAM:217A), the current Cyclically Adjusted FCF per Share is €-1.02 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 VNET Group (HAM:217A) Overvalued in 2026?

Based on GuruFocus' analysis, VNET Group stock appears to be overvalued. The current stock price of €6.22 is trading 65% above its estimated GF Value™ of €3.77.

Key valuation signals for HAM:217A:

  • Cyclically Adjusted FCF per Share: €-1.02
  • GF Value™: €3.77 vs. price of €6.22 (65% above fair value)
  • GF Score™: 57/100 with 8 warning signs

No single metric tells the full story. See the HAM:217A stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


VNET Group Business Description

Other Exchanges VNET:USA217A:Germany
Address No. 10 Jiuxianqiao East Road, Guanjie Building Southeast 1st Floor, Chaoyang District, Beijing, CHN, 100016
VNET started as AsiaCloud in 1999 and moved into the data center business, opening its first self-developed data center in 2010. The firm listed (as 21Vianet) on the Nasdaq in April 2011, subsequently changing its name to VNET Group in 2021. It originally focused on providing data center services such as colocation and cloud services to retail clients in China, but added hyperscale customers in 2019 and now counts large Chinese hyperscalers such as Alibaba Cloud, Tencent Cloud, and Huawei Cloud as customers. At the end of December 2025, it had 49,863 retail cabinets, with the majority in Beijing, Shanghai, and the Greater Bay area. It also had 889 MW of wholesale capacity in service, with a further 452 MW under construction and a further 840 MW held for future development.
57GF Score

Get the complete analysis for HAM:217A

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

€6.22
Price
€3.77
GF Value