Mari Energies (KAR:MARI) Cyclically Adjusted FCF per Share: ₨16.24 (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.

KAR:MARI Mari Energies Ltd KAR:MARI
100 GF Score
Price ₨636.99
GF Value ₨526.77
Valuation Modestly Overvalued
! 4 Warning Signs
View Full Analysis

What is Mari Energies Cyclically Adjusted FCF per Share?

Mari Energies KAR:MARI -1.34% 100 Cyclically Adjusted FCF per Share is ₨16.24 as of Mar. 2026. GuruFocus rates KAR:MARI with a GF Score™ of 100/100 and a GF Value™ of ₨526.77 (Modestly Overvalued). The stock has 4 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.

Mari Energies's adjusted free cash flow per share for the three months ended in Mar. 2026 was ₨4.498. 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 ₨16.24 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Mari Energies's average Cyclically Adjusted FCF Growth Rate was 6.10% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 31.50% 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 Mari Energies was 31.50% per year. The lowest was 27.60% per year. And the median was 29.55% per year.

As of today (2026-07-23), Mari Energies's current stock price is ₨636.99. Mari Energies's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2026 was ₨16.24. Mari Energies's Cyclically Adjusted Price-to-FCF of today is 39.22.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Mari Energies was 57.11. The lowest was 17.69. And the median was 29.94.


Mari Energies  (KAR:MARI) 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.

Mari Energies's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=636.99/16.24
=39.22

* 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 Mari Energies was 57.11. The lowest was 17.69. And the median was 29.94.


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.


Mari Energies Cyclically Adjusted FCF per Share Related Terms


Mari Energies Cyclically Adjusted FCF per Share Historical Data

* Premium members only.

The historical data trend for Mari Energies'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.

Mari Energies Cyclically Adjusted FCF per Share Chart

Mari Energies 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 6.07 6.78 7.90 12.62 15.40

Mari Energies 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 15.31 15.40 16.03 15.49 16.24

KAR:MARI vs COP, EOG, FANG: Cyclically Adjusted FCF per Share Comparison

For the Oil & Gas E&P subindustry, Mari Energies'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.


Mari Energies Cyclically Adjusted Price-to-FCF vs Oil & Gas Industry

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

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


KAR:MARI
100GF Score
Mari Energies Ltd KAR:MARI
Cyclically Adjusted FCF per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Mari Energies 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, Mari Energies'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)
=4.498/330.2130*330.2130
=4.498

Current CPI (Mar. 2026) = 330.2130.

Mari Energies Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201606 7.733 241.018 10.595
201609 0.502 241.428 0.687
201612 -0.149 241.432 -0.204
201703 1.145 243.801 1.551
201706 0.860 244.955 1.159
201709 4.369 246.819 5.845
201712 1.937 246.524 2.595
201803 3.470 249.554 4.592
201806 2.919 251.989 3.825
201809 2.723 252.439 3.562
201812 0.068 251.233 0.089
201903 4.891 254.202 6.353
201906 0.855 256.143 1.102
201909 4.820 256.759 6.199
201912 6.272 256.974 8.060
202003 4.138 258.115 5.294
202006 0.611 257.797 0.783
202009 5.370 260.280 6.813
202012 1.689 260.474 2.141
202103 -0.837 264.877 -1.043
202106 -3.075 271.696 -3.737
202109 -2.943 274.310 -3.543
202112 1.834 278.802 2.172
202203 2.121 287.504 2.436
202206 7.269 296.311 8.101
202209 8.879 296.808 9.878
202212 3.298 296.797 3.669
202303 -5.882 301.836 -6.435
202306 5.323 305.109 5.761
202309 15.508 307.789 16.638
202312 9.786 306.746 10.535
202403 8.797 312.332 9.301
202406 9.043 314.175 9.505
202409 14.822 315.301 15.523
202412 0.217 315.605 0.227
202503 6.256 319.799 6.460
202506 3.712 322.561 3.800
202509 2.449 324.800 2.490
202512 -4.745 324.054 -4.835
202603 4.498 330.213 4.498

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 ₨16.24 mean?
Mari Energies (KAR:MARI) has a Cyclically Adjusted FCF per Share of ₨16.24 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 Mari Energies and its competitors.
Is Mari Energies' Cyclically Adjusted FCF per Share too high?
Mari Energies' current Cyclically Adjusted FCF per Share is ₨16.24. Overall, Mari Energies has a GF Score™ of 100/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Mari Energies' Cyclically Adjusted FCF per Share compare to COP and EOG?
Mari Energies' Cyclically Adjusted FCF per Share of ₨16.24 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 Mari Energies and its competitors. Mari Energies's current Cyclically Adjusted FCF per Share is ₨16.24. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mari Energies stock overvalued right now?
Based on GuruFocus' analysis, Mari Energies (KAR:MARI) is currently considered Modestly Overvalued. The stock's GF Value™ is ₨526.77, compared to a current price of ₨636.99 — trading 20.9% above its estimated fair value. The current Cyclically Adjusted FCF per Share is ₨16.24. Mari Energies' overall GF Score™ is 100/100 with 4 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 Mari Energies (KAR:MARI), the current Cyclically Adjusted FCF per Share is ₨16.24 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 Mari Energies (KAR:MARI) Overvalued in 2026?

Based on GuruFocus' analysis, Mari Energies stock appears to be overvalued. The current stock price of ₨636.99 is trading 20.9% above its estimated GF Value™ of ₨526.77. GuruFocus considers Mari Energies to be Modestly Overvalued.

Key valuation signals for KAR:MARI:

  • Cyclically Adjusted FCF per Share: ₨16.24
  • GF Value™: ₨526.77 vs. price of ₨636.99 (20.9% above fair value)
  • GF Score™: 100/100 with 4 warning signs

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


Mari Energies Business Description

Industry EnergyOil & Gas
Address 21, Mauve Area, 3rd Road, G-10/4, P.O. Box 1614, Islamabad, PB, PAK, 44000
Mari Energies Ltd, through its Holding Company, is principally engaged in exploration, production, and sale of hydrocarbons. Additionally, the Group, through its subsidiaries, is principally engaged in mineral mining activities and the establishment and running of data centers, cloud computing, artificial intelligence, and other new technologies.
100GF Score

Get the complete analysis for KAR:MARI

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

₨636.99
Price
₨526.77
GF Value