The Cheesecake Factory (MEX:CAKE) Cyclically Adjusted FCF per Share: MXN54.02 (As of Jun. 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.

MEX:CAKE The Cheesecake Factory Inc MEX:CAKE
54 GF Score
Price MXN1,827.66
GF Value MXN922.46
Valuation Significantly Overvalued
! 5 Warning Signs
View Full Analysis

What is The Cheesecake Factory Cyclically Adjusted FCF per Share?

The Cheesecake Factory MEX:CAKE 54 Cyclically Adjusted FCF per Share is MXN54.02 as of Jun. 2026. GuruFocus rates MEX:CAKE with a GF Score™ of 54/100 and a GF Value™ of MXN922.46 (Significantly Overvalued). The stock has 5 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.

The Cheesecake Factory's adjusted free cash flow per share for the three months ended in Jun. 2026 was MXN17.433. 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 MXN54.02 for the trailing ten years ended in Jun. 2026.

During the past 12 months, The Cheesecake Factory's average Cyclically Adjusted FCF Growth Rate was 3.80% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 1.30% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 1.90% per year. During the past 10 years, the average Cyclically Adjusted FCF Growth Rate was 4.00% 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 The Cheesecake Factory was 160.90% per year. The lowest was -18.60% per year. And the median was 16.25% per year.

As of today (2026-09-15), The Cheesecake Factory's current stock price is MXN1827.66. The Cheesecake Factory's Cyclically Adjusted FCF per Share for the quarter that ended in Jun. 2026 was MXN54.02. The Cheesecake Factory's Cyclically Adjusted Price-to-FCF of today is 33.83.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of The Cheesecake Factory was 41.08. The lowest was 5.74. And the median was 17.09.


The Cheesecake Factory  (MEX:CAKE) 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.

The Cheesecake Factory's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=1827.66/54.024
=33.83

* 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 The Cheesecake Factory was 41.08. The lowest was 5.74. And the median was 17.09.


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.


The Cheesecake Factory Cyclically Adjusted FCF per Share Related Terms


The Cheesecake Factory Cyclically Adjusted FCF per Share Historical Data

* Premium members only.

The historical data trend for The Cheesecake Factory'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.

The Cheesecake Factory Cyclically Adjusted FCF per Share Chart

The Cheesecake Factory 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 45.31 46.85 47.80 48.86 52.80

The Cheesecake Factory Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 51.48 54.03 54.35 54.58 54.02

MEX:CAKE vs JMKE, BROS, CAVA: Cyclically Adjusted FCF per Share Comparison

For the Restaurants subindustry, The Cheesecake Factory'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.


The Cheesecake Factory Cyclically Adjusted Price-to-FCF vs Restaurants Industry

For the Restaurants industry and Consumer Cyclical sector, The Cheesecake Factory's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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


MEX:CAKE
54GF Score
The Cheesecake Factory Inc MEX:CAKE
Cyclically Adjusted FCF per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

The Cheesecake Factory 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, The Cheesecake Factory's adjusted Free Cash Flow per Share data for the three months ended in Jun. 2026 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=17.433/333.9520*333.9520
=17.433

Current CPI (Jun. 2026) = 333.9520.

The Cheesecake Factory Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201609 14.622 241.428 20.226
201612 19.825 241.432 27.422
201703 11.915 243.801 16.321
201706 14.611 244.955 19.919
201709 2.900 246.819 3.924
201712 17.042 246.524 23.086
201803 17.798 249.554 23.817
201806 19.210 251.989 25.458
201809 5.212 252.439 6.895
201812 38.810 251.233 51.588
201903 8.608 254.202 11.309
201906 14.586 256.143 19.017
201909 7.018 256.759 9.128
201912 32.567 256.974 42.323
202003 -22.327 258.115 -28.887
202006 -12.342 257.797 -15.988
202009 -1.156 260.280 -1.483
202012 13.539 260.474 17.358
202103 6.641 264.877 8.373
202106 36.333 271.696 44.658
202109 -11.560 274.310 -14.073
202112 31.923 278.802 38.238
202203 1.776 287.504 2.063
202206 14.416 296.311 16.247
202209 -8.114 296.808 -9.129
202212 11.274 296.797 12.685
202303 10.147 301.836 11.227
202306 3.721 305.109 4.073
202309 3.597 307.789 3.903
202312 6.377 306.746 6.943
202403 10.350 312.332 11.066
202406 -0.375 314.175 -0.399
202409 10.896 315.301 11.541
202412 23.183 315.605 24.531
202503 14.951 319.799 15.613
202506 5.545 322.561 5.741
202509 19.723 324.800 20.279
202512 18.116 324.054 18.669
202603 18.911 330.213 19.125
202606 17.433 333.952 17.433

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 MXN54.02 mean?
The Cheesecake Factory (MEX:CAKE) has a Cyclically Adjusted FCF per Share of MXN54.02 as of Jun. 2026. Cyclically Adjusted FCF per Share represents the company's inflation-adjusted FCF per share over a 10-year period. View historical data on The Cheesecake Factory and its competitors.
Is The Cheesecake Factory's Cyclically Adjusted FCF per Share too high?
The Cheesecake Factory's current Cyclically Adjusted FCF per Share is MXN54.02. Overall, The Cheesecake Factory has a GF Score™ of 54/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does The Cheesecake Factory's Cyclically Adjusted FCF per Share compare to JMKE and BROS?
The Cheesecake Factory's Cyclically Adjusted FCF per Share of MXN54.02 can be compared against companies in the Restaurants 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 Restaurants company?
A good Cyclically Adjusted FCF per Share depends on the Restaurants 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 The Cheesecake Factory and its competitors. The Cheesecake Factory's current Cyclically Adjusted FCF per Share is MXN54.02. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is The Cheesecake Factory stock overvalued right now?
Based on GuruFocus' analysis, The Cheesecake Factory (MEX:CAKE) is currently considered Significantly Overvalued. The stock's GF Value™ is MXN922.46, compared to a current price of MXN1,827.66 — trading 98.1% above its estimated fair value. The current Cyclically Adjusted FCF per Share is MXN54.02. The Cheesecake Factory's overall GF Score™ is 54/100 with 5 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 The Cheesecake Factory (MEX:CAKE), the current Cyclically Adjusted FCF per Share is MXN54.02 as of Jun. 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 The Cheesecake Factory (MEX:CAKE) Overvalued in 2026?

Based on GuruFocus' analysis, The Cheesecake Factory stock appears to be overvalued. The current stock price of MXN1,827.66 is trading 98.1% above its estimated GF Value™ of MXN922.46. GuruFocus considers The Cheesecake Factory to be Significantly Overvalued.

Key valuation signals for MEX:CAKE:

  • Cyclically Adjusted FCF per Share: MXN54.02
  • GF Value™: MXN922.46 vs. price of MXN1,827.66 (98.1% above fair value)
  • GF Score™: 54/100 with 5 warning signs

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


The Cheesecake Factory Business Description

Address 26901 Malibu Hills Road, Calabasas Hills, CA, USA, 91301
The Cheesecake Factory Inc is a restaurant company that owns and operates multiple casual dining brands across the United States and Canada under brands that include The Cheesecake Factory, North Italia, Flower Child, and additional brands within its Fox Restaurant Concepts portfolio. The company's international presence, in the Middle East and Mexico, is through licensing agreements with third parties. The company also has a bakery division that produces cheesecakes and other baked products for sale in its restaurants, international licensees, and third-party bakery customers. The company has four operating business segments: The Cheesecake Factory restaurants, North Italia, Other FRC, and Other. The majority of the company's revenue comes from the Cheesecake Factory restaurants segment.
54GF Score

Get the complete analysis for MEX:CAKE

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

MXN1,827.66
Price
MXN922.46
GF Value