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Booking Holdings (MEX:BKNG) Cyclically Adjusted FCF per Share : MXN2,691.89 (As of Mar. 2025)


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What is Booking Holdings Cyclically Adjusted FCF per Share?

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.

Booking Holdings's adjusted free cash flow per share for the three months ended in Mar. 2025 was MXN1,954.759. 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 MXN2,691.89 for the trailing ten years ended in Mar. 2025.

During the past 12 months, Booking Holdings's average Cyclically Adjusted FCF Growth Rate was 19.00% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 20.30% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 15.10% per year. During the past 10 years, the average Cyclically Adjusted FCF Growth Rate was 18.40% 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 Booking Holdings was 110.20% per year. The lowest was 9.50% per year. And the median was 28.25% per year.

As of today (2025-05-10), Booking Holdings's current stock price is MXN102050.00. Booking Holdings's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2025 was MXN2,691.89. Booking Holdings's Cyclically Adjusted Price-to-FCF of today is 37.91.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Booking Holdings was 61.47. The lowest was 18.66. And the median was 35.42.


Booking Holdings Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Booking Holdings'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.

* Premium members only.

Booking Holdings Cyclically Adjusted FCF per Share Chart

Booking Holdings Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1,160.99 1,423.46 1,635.34 1,723.86 2,452.00

Booking Holdings Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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 1,814.32 2,146.93 2,378.34 2,452.00 2,691.89

Competitive Comparison of Booking Holdings's Cyclically Adjusted FCF per Share

For the Travel Services subindustry, Booking Holdings'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.


Booking Holdings's Cyclically Adjusted Price-to-FCF Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Booking Holdings's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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


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Booking Holdings 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, Booking Holdings's adjusted Free Cash Flow per Share data for the three months ended in Mar. 2025 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=1954.759/134.9266*134.9266
=1,954.759

Current CPI (Mar. 2025) = 134.9266.

Booking Holdings Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201506 195.770 100.684 262.352
201509 418.902 100.392 563.006
201512 318.291 99.792 430.353
201603 100.100 100.470 134.429
201606 355.405 101.688 471.575
201609 548.270 101.861 726.247
201612 430.132 101.863 569.750
201703 116.704 102.862 153.083
201706 413.299 103.349 539.579
201709 657.387 104.136 851.764
201712 439.010 104.011 569.498
201803 187.934 105.290 240.834
201806 625.708 106.317 794.086
201809 721.939 106.507 914.579
201812 421.613 105.998 536.679
201903 16.650 107.251 20.947
201906 748.513 108.070 934.531
201909 815.381 108.329 1,015.575
201912 442.503 108.420 550.686
202003 -262.480 108.902 -325.207
202006 29.278 108.767 36.320
202009 456.006 109.815 560.282
202012 -309.380 109.897 -379.844
202103 -135.698 111.754 -163.835
202106 529.967 114.631 623.796
202109 754.500 115.734 879.619
202112 88.262 117.630 101.241
202203 771.703 121.301 858.387
202206 1,285.296 125.017 1,387.179
202209 -48.676 125.227 -52.446
202212 1,057.024 125.222 1,138.944
202303 1,329.227 127.348 1,408.333
202306 762.951 128.729 799.685
202309 629.727 129.860 654.299
202312 603.623 129.419 629.309
202403 1,230.875 131.776 1,260.302
202406 1,271.880 132.554 1,294.647
202409 1,335.014 133.029 1,354.058
202412 402.487 133.157 407.836
202503 1,954.759 134.927 1,954.759

Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF per Share.


Booking Holdings  (MEX:BKNG) 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.

Booking Holdings's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=102050.00/2691.89
=37.91

* 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 Booking Holdings was 61.47. The lowest was 18.66. And the median was 35.42.


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.


Booking Holdings Cyclically Adjusted FCF per Share Related Terms

Thank you for viewing the detailed overview of Booking Holdings's Cyclically Adjusted FCF per Share provided by GuruFocus.com. Please click on the following links to see related term pages.


Booking Holdings Business Description

Address
800 Connecticut Avenue, Norwalk, CT, USA, 06854
Booking is the world's largest online travel agency by sales, offering booking and payment services for hotel and alternative accommodation rooms, airline tickets, rental cars, restaurant reservations, cruises, experiences, and other vacation packages. The company operates several branded travel booking sites, including Booking.com, Agoda, OpenTable, Rentalcars.com, Kayak, and Momondo. Transaction fees for online bookings account for the bulk of revenue and profits.