Riot Platforms (MEX:RIOT) Cyclically Adjusted FCF per Share: MXN-53.09 (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:RIOT Riot Platforms Inc MEX:RIOT
71 GF Score
Price MXN351.70
GF Value MXN242.37
Valuation Significantly Overvalued
! 4 Warning Signs
View Full Analysis

What is Riot Platforms Cyclically Adjusted FCF per Share?

Riot Platforms MEX:RIOT +0.14% 71 Cyclically Adjusted FCF per Share is MXN-53.09 as of Jun. 2026. GuruFocus rates MEX:RIOT with a GF Score™ of 71/100 and a GF Value™ of MXN242.37 (Significantly 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.

Riot Platforms's adjusted free cash flow per share for the three months ended in Jun. 2026 was MXN-8.835. 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 MXN-53.09 for the trailing ten years ended in Jun. 2026.

During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 0.10% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 19.40% per year. During the past 10 years, the average Cyclically Adjusted FCF Growth Rate was 29.60% 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 Riot Platforms was 45.10% per year. The lowest was 0.10% per year. And the median was 16.20% per year.

As of today (2026-08-28), Riot Platforms's current stock price is MXN351.70. Riot Platforms's Cyclically Adjusted FCF per Share for the quarter that ended in Jun. 2026 was MXN-53.09. Riot Platforms's Cyclically Adjusted Price-to-FCF of today is .


Riot Platforms  (MEX:RIOT) 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.


Riot Platforms Cyclically Adjusted FCF per Share Related Terms


Riot Platforms Cyclically Adjusted FCF per Share Historical Data

* Premium members only.

The historical data trend for Riot Platforms'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.

Riot Platforms Cyclically Adjusted FCF per Share Chart

Riot Platforms 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 -92.62 -55.50 -43.74 -58.00 -53.21

Riot Platforms 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 -53.84 -52.41 -53.21 -54.07 -53.09

MEX:RIOT vs XP, SNEX, WULF: Cyclically Adjusted FCF per Share Comparison

For the Capital Markets subindustry, Riot Platforms'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.


Riot Platforms Cyclically Adjusted Price-to-FCF vs Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Riot Platforms's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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


MEX:RIOT
71GF Score
Riot Platforms Inc MEX:RIOT
Cyclically Adjusted FCF per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Riot Platforms 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, Riot Platforms'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)
=-8.835/333.9520*333.9520
=-8.835

Current CPI (Jun. 2026) = 333.9520.

Riot Platforms Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201609 -6.260 241.428 -8.659
201612 -7.735 241.432 -10.699
201703 -6.813 243.801 -9.332
201706 -3.230 244.955 -4.404
201709 -1.975 246.819 -2.672
201712 -2.795 246.524 -3.786
201803 -36.378 249.554 -48.681
201806 -7.484 251.989 -9.918
201809 -9.334 252.439 -12.348
201812 -4.409 251.233 -5.861
201903 -4.313 254.202 -5.666
201906 -6.005 256.143 -7.829
201909 -4.016 256.759 -5.223
201912 -6.852 256.974 -8.905
202003 -2.203 258.115 -2.850
202006 -6.415 257.797 -8.310
202009 -7.001 260.280 -8.983
202012 -5.867 260.474 -7.522
202103 -15.786 264.877 -19.903
202106 -12.187 271.696 -14.980
202109 -26.460 274.310 -32.213
202112 -51.431 278.802 -61.605
202203 -31.571 287.504 -36.671
202206 -15.231 296.311 -17.166
202209 -5.395 296.808 -6.070
202212 -3.341 296.797 -3.759
202303 -1.951 301.836 -2.159
202306 -9.693 305.109 -10.609
202309 -13.232 307.789 -14.357
202312 -12.290 306.746 -13.380
202403 -16.099 312.332 -17.213
202406 -16.318 314.175 -17.345
202409 -12.369 315.301 -13.101
202412 -51.555 315.605 -54.552
202503 -11.273 319.799 -11.772
202506 -17.293 322.561 -17.904
202509 -11.185 324.800 -11.500
202512 -17.495 324.054 -18.029
202603 -16.304 330.213 -16.489
202606 -8.835 333.952 -8.835

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 MXN-53.09 mean?
Riot Platforms (MEX:RIOT) has a Cyclically Adjusted FCF per Share of MXN-53.09 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 Riot Platforms and its competitors.
Is Riot Platforms' Cyclically Adjusted FCF per Share too high?
Riot Platforms' current Cyclically Adjusted FCF per Share is MXN-53.09. Overall, Riot Platforms has a GF Score™ of 71/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Riot Platforms' Cyclically Adjusted FCF per Share compare to XP and SNEX?
Riot Platforms' Cyclically Adjusted FCF per Share of MXN-53.09 can be compared against companies in the Capital Markets 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 Capital Markets company?
A good Cyclically Adjusted FCF per Share depends on the Capital Markets 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 Riot Platforms and its competitors. Riot Platforms's current Cyclically Adjusted FCF per Share is MXN-53.09. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Riot Platforms stock overvalued right now?
Based on GuruFocus' analysis, Riot Platforms (MEX:RIOT) is currently considered Significantly Overvalued. The stock's GF Value™ is MXN242.37, compared to a current price of MXN351.70 — trading 45.1% above its estimated fair value. The current Cyclically Adjusted FCF per Share is MXN-53.09. Riot Platforms' overall GF Score™ is 71/100 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 Riot Platforms (MEX:RIOT), the current Cyclically Adjusted FCF per Share is MXN-53.09 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 Riot Platforms (MEX:RIOT) Overvalued in 2026?

Based on GuruFocus' analysis, Riot Platforms stock appears to be overvalued. The current stock price of MXN351.70 is trading 45.1% above its estimated GF Value™ of MXN242.37. GuruFocus considers Riot Platforms to be Significantly Overvalued.

Key valuation signals for MEX:RIOT:

  • Cyclically Adjusted FCF per Share: MXN-53.09
  • GF Value™: MXN242.37 vs. price of MXN351.70 (45.1% above fair value)
  • GF Score™: 71/100 with 4 warning signs

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


Riot Platforms Business Description

Address 3855 Ambrosia Street, Suite 301, Castle Rock, CO, USA, 80109
Riot Platforms Inc is a vertically integrated digital infrastructure company principally engaged in developing and optimizing its large-scale power assets. The Company's business centers on enhancing its electrical infrastructure and deploying it across two complementary platforms: (i) Bitcoin Mining and (ii) scalable data center solutions designed to support non-mining workloads. The company's segments include Bitcoin Mining and Engineering. The Bitcoin Mining segment generates revenue from the Bitcoin the Company earns through its Bitcoin Mining activities. The Engineering segment generates revenue through customer contracts for custom engineered electrical products. It generates the majority of its revenue from the Bitcoin Mining segment.
71GF Score

Get the complete analysis for MEX:RIOT

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

MXN351.70
Price
MXN242.37
GF Value