Ghani Glass (KAR:GHGL) Cyclically Adjusted FCF per Share: ₨2.41 (As of Mar. 2026)

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KAR:GHGL Ghani Glass Ltd KAR:GHGL
85 GF Score
Price ₨38.30
GF Value ₨32.57
Valuation Modestly Overvalued
! 1 Warning Sign
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What is Ghani Glass Cyclically Adjusted FCF per Share?

Ghani Glass KAR:GHGL +1.54% 85 Cyclically Adjusted FCF per Share is ₨2.41 as of Mar. 2026. GuruFocus rates KAR:GHGL with a GF Score™ of 85/100 and a GF Value™ of ₨32.57 (Modestly Overvalued). The stock has 1 warning sign 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.

Ghani Glass's adjusted free cash flow per share for the three months ended in Mar. 2026 was ₨1.962. 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 ₨2.41 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Ghani Glass's average Cyclically Adjusted FCF Growth Rate was 9.50% 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.

As of today (2026-07-21), Ghani Glass's current stock price is ₨38.30. Ghani Glass's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2026 was ₨2.41. Ghani Glass's Cyclically Adjusted Price-to-FCF of today is 15.89.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Ghani Glass was 22.87. The lowest was 10.47. And the median was 13.73.


Ghani Glass  (KAR:GHGL) 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.

Ghani Glass's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=38.30/2.41
=15.89

* 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 Ghani Glass was 22.87. The lowest was 10.47. And the median was 13.73.


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.


Ghani Glass Cyclically Adjusted FCF per Share Related Terms


Ghani Glass Cyclically Adjusted FCF per Share Historical Data

* Premium members only.

The historical data trend for Ghani Glass'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.

Ghani Glass Cyclically Adjusted FCF per Share Chart

Ghani Glass Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 2.09 2.24 2.15

Ghani Glass 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 2.20 2.15 2.18 2.25 2.41

KAR:GHGL vs SW, PKG, IP: Cyclically Adjusted FCF per Share Comparison

For the Packaging & Containers subindustry, Ghani Glass'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.


Ghani Glass Cyclically Adjusted Price-to-FCF vs Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Ghani Glass's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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


KAR:GHGL
85GF Score
Ghani Glass Ltd KAR:GHGL
Cyclically Adjusted FCF per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Ghani Glass 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, Ghani Glass'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)
=1.962/330.2130*330.2130
=1.962

Current CPI (Mar. 2026) = 330.2130.

Ghani Glass Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201606 0.632 241.018 0.866
201609 0.078 241.428 0.107
201612 0.749 241.432 1.024
201703 1.326 243.801 1.796
201706 1.530 244.955 2.063
201709 -0.239 246.819 -0.320
201712 0.641 246.524 0.859
201803 -0.404 249.554 -0.535
201806 0.963 251.989 1.262
201809 -1.090 252.439 -1.426
201812 0.534 251.233 0.702
201903 -0.728 254.202 -0.946
201906 0.129 256.143 0.166
201909 -0.549 256.759 -0.706
201912 -0.006 256.974 -0.008
202003 -0.168 258.115 -0.215
202006 1.517 257.797 1.943
202009 1.439 260.280 1.826
202012 2.516 260.474 3.190
202103 1.311 264.877 1.634
202106 0.786 271.696 0.955
202109 -0.110 274.310 -0.132
202112 1.767 278.802 2.093
202203 -0.942 287.504 -1.082
202206 0.881 296.311 0.982
202209 -0.831 296.808 -0.925
202212 1.836 296.797 2.043
202303 0.349 301.836 0.382
202306 -0.739 305.109 -0.800
202309 -1.158 307.789 -1.242
202312 1.913 306.746 2.059
202403 -0.659 312.332 -0.697
202406 -0.048 314.175 -0.050
202409 -0.413 315.301 -0.433
202412 1.248 315.605 1.306
202503 -0.420 319.799 -0.434
202506 2.469 322.561 2.528
202509 0.041 324.800 0.042
202512 2.188 324.054 2.230
202603 1.962 330.213 1.962

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 ₨2.41 mean?
Ghani Glass (KAR:GHGL) has a Cyclically Adjusted FCF per Share of ₨2.41 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 Ghani Glass and its competitors.
Is Ghani Glass' Cyclically Adjusted FCF per Share too high?
Ghani Glass' current Cyclically Adjusted FCF per Share is ₨2.41. Overall, Ghani Glass has a GF Score™ of 85/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Ghani Glass' Cyclically Adjusted FCF per Share compare to SW and PKG?
Ghani Glass' Cyclically Adjusted FCF per Share of ₨2.41 can be compared against companies in the Packaging & Containers 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 Packaging & Containers company?
A good Cyclically Adjusted FCF per Share depends on the Packaging & Containers 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 Ghani Glass and its competitors. Ghani Glass's current Cyclically Adjusted FCF per Share is ₨2.41. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ghani Glass stock overvalued right now?
Based on GuruFocus' analysis, Ghani Glass (KAR:GHGL) is currently considered Modestly Overvalued. The stock's GF Value™ is ₨32.57, compared to a current price of ₨38.30 — trading 17.6% above its estimated fair value. The current Cyclically Adjusted FCF per Share is ₨2.41. Ghani Glass' overall GF Score™ is 85/100 with 1 warning sign 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 Ghani Glass (KAR:GHGL), the current Cyclically Adjusted FCF per Share is ₨2.41 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 Ghani Glass (KAR:GHGL) Overvalued in 2026?

Based on GuruFocus' analysis, Ghani Glass stock appears to be overvalued. The current stock price of ₨38.30 is trading 17.6% above its estimated GF Value™ of ₨32.57. GuruFocus considers Ghani Glass to be Modestly Overvalued.

Key valuation signals for KAR:GHGL:

  • Cyclically Adjusted FCF per Share: ₨2.41
  • GF Value™: ₨32.57 vs. price of ₨38.30 (17.6% above fair value)
  • GF Score™: 85/100 with 1 warning sign

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


Ghani Glass Business Description

Address 40-L Model Town Extension, Ghani Complex, Lahore, PB, PAK
Ghani Glass Ltd is involved in manufacturing and selling float and container glass products in Pakistan. The company offers clear, green, brown, reflective, blue, grey, and figured glass products. It also provides amber and clear pharmaceutical glass containers, flint and green beverages glass containers, and clear food glass containers. Geographically, it derives a majority of its revenue from Pakistan.
85GF Score

Get the complete analysis for KAR:GHGL

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

₨38.30
Price
₨32.57
GF Value