Aurora Cannabis (HAM:21P) Cyclically Adjusted FCF per Share: €-19.13 (As of Mar. 2026)

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HAM:21P Aurora Cannabis Inc HAM:21P
49 GF Score
Price €2.31
GF Value €3.61
Valuation Possible Value Trap
! 2 Warning Signs
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What is Aurora Cannabis Cyclically Adjusted FCF per Share?

Aurora Cannabis HAM:21P +1.94% 49 Cyclically Adjusted FCF per Share is €-19.13 as of Mar. 2026. GuruFocus rates HAM:21P with a GF Score™ of 49/100 and a GF Value™ of €3.61 (Possible Value Trap). The stock has 2 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.

Aurora Cannabis'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 €-19.13 for the trailing ten years ended in Mar. 2026.

During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 1.60% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was -2.40% 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 Aurora Cannabis was 1.60% per year. The lowest was -61.00% per year. And the median was -12.85% per year.

As of today (2026-07-22), Aurora Cannabis's current stock price is €2.312. Aurora Cannabis's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2026 was €-19.13. Aurora Cannabis's Cyclically Adjusted Price-to-FCF of today is .


Aurora Cannabis  (HAM:21P) 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.


Aurora Cannabis Cyclically Adjusted FCF per Share Related Terms


Aurora Cannabis Cyclically Adjusted FCF per Share Historical Data

* Premium members only.

The historical data trend for Aurora Cannabis'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.

Aurora Cannabis Cyclically Adjusted FCF per Share Chart

Aurora Cannabis Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Mar24 Mar25 Mar26
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only -20.62 -25.17 -26.60 -19.98 -19.13

Aurora Cannabis 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 -19.98 -19.68 -18.54 -19.79 -19.13

HAM:21P vs ZTS, UTHR: Cyclically Adjusted FCF per Share Comparison

For the Drug Manufacturers - Specialty & Generic subindustry, Aurora Cannabis'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.


Aurora Cannabis Cyclically Adjusted Price-to-FCF vs Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Aurora Cannabis's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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


HAM:21P
49GF Score
Aurora Cannabis Inc HAM:21P
Cyclically Adjusted FCF per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Aurora Cannabis 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, Aurora Cannabis'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.

Aurora Cannabis Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201606 -1.197 102.002 -1.552
201609 -1.557 101.765 -2.024
201612 -2.374 101.449 -3.095
201703 -4.633 102.634 -5.970
201706 -2.463 103.029 -3.162
201709 -5.675 103.345 -7.263
201712 -7.389 103.345 -9.457
201803 -11.101 105.004 -13.983
201806 -10.938 105.557 -13.705
201809 -12.907 105.636 -16.160
201812 -11.496 105.399 -14.426
201903 -11.986 106.979 -14.819
201906 -13.545 107.690 -16.636
201909 -15.966 107.611 -19.623
201912 -19.704 107.769 -24.182
202003 -9.249 107.927 -11.334
202006 -5.013 108.401 -6.116
202009 -6.831 108.164 -8.353
202012 -2.949 108.559 -3.593
202103 -2.398 110.298 -2.876
202106 0.280 111.720 0.331
202109 -0.907 112.905 -1.063
202112 -1.195 113.774 -1.389
202203 -1.514 117.646 -1.702
202206 -1.072 120.806 -1.174
202209 -0.925 120.648 -1.014
202212 -1.355 120.964 -1.482
202303 -0.524 122.702 -0.565
202306 -0.305 124.203 -0.325
202309 -0.610 125.230 -0.644
202312 -0.116 125.072 -0.123
202403 -0.351 126.258 -0.368
202406 0.042 127.522 0.044
202409 -0.348 127.285 -0.362
202412 0.288 127.364 0.299
202503 0.037 129.181 0.038
202506 0.057 129.892 0.058
202509 -0.504 130.287 -0.512
202512 0.119 130.366 0.121
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 €-19.13 mean?
Aurora Cannabis (HAM:21P) has a Cyclically Adjusted FCF per Share of €-19.13 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 Aurora Cannabis and its competitors.
Is Aurora Cannabis' Cyclically Adjusted FCF per Share too high?
Aurora Cannabis' current Cyclically Adjusted FCF per Share is €-19.13. Overall, Aurora Cannabis has a GF Score™ of 49/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Aurora Cannabis' Cyclically Adjusted FCF per Share compare to ZTS and UTHR?
Aurora Cannabis' Cyclically Adjusted FCF per Share of €-19.13 can be compared against companies in the Drug Manufacturers 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 Drug Manufacturers company?
A good Cyclically Adjusted FCF per Share depends on the Drug Manufacturers 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 Aurora Cannabis and its competitors. Aurora Cannabis's current Cyclically Adjusted FCF per Share is €-19.13. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Aurora Cannabis stock overvalued right now?
Based on GuruFocus' analysis, Aurora Cannabis (HAM:21P) is currently considered Possible Value Trap. The stock's GF Value™ is €3.61, compared to a current price of €2.31 — trading 36% below its estimated fair value. The current Cyclically Adjusted FCF per Share is €-19.13. Aurora Cannabis' overall GF Score™ is 49/100 with 2 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 Aurora Cannabis (HAM:21P), the current Cyclically Adjusted FCF per Share is €-19.13 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 Aurora Cannabis (HAM:21P) Overvalued in 2026?

Based on GuruFocus' analysis, Aurora Cannabis stock appears to be undervalued. The current stock price of €2.31 is trading 36% below its estimated GF Value™ of €3.61. GuruFocus considers Aurora Cannabis to be Possible Value Trap.

Key valuation signals for HAM:21P:

  • Cyclically Adjusted FCF per Share: €-19.13
  • GF Value™: €3.61 vs. price of €2.31 (36% below fair value)
  • GF Score™: 49/100 with 2 warning signs

No single metric tells the full story. See the HAM:21P stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Aurora Cannabis Business Description

Address 90B Street SW, Suite 2207, Edmonton, AB, CAN, T6X 1V8
Aurora Cannabis Inc is focused on the production, distribution, and sale of cannabis products in Canada and internationally. The Company conducts the production, distribution, and sale of medical cannabis products and, on a very limited basis, consumer cannabis products in Canada pursuant to the Cannabis Act; the production and distribution of wholesale medical cannabis in the European Union pursuant to the German Medicinal Products Act and German Narcotic Drugs Act; and the distribution of wholesale medical cannabis in various international markets, including Australia and New Zealand. Its segments are Canadian Cannabis CGU, European Cannabis CGU, Australia Cannabis CGU, and New Zealand Cannabis CGU, with Canada generating majority revenue.
49GF Score

Get the complete analysis for HAM:21P

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

€2.31
Price
€3.61
GF Value