Vale (MEX:VALEN) Cyclically Adjusted FCF per Share: MXN33.88 (As of Jun. 2026)

Author: Vera Yuan Vera Yuan
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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.
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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:VALEN Vale SA MEX:VALEN
70 GF Score
Price MXN250.00
GF Value MXN224.25
Valuation Modestly Overvalued
! 6 Warning Signs
View Full Analysis

What is Vale Cyclically Adjusted FCF per Share?

Vale MEX:VALEN 70 Cyclically Adjusted FCF per Share is MXN33.88 as of Jun. 2026. GuruFocus rates MEX:VALEN with a GF Score™ of 70/100 and a GF Value™ of MXN224.25 (Modestly Overvalued). The stock has 6 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.

Vale's adjusted free cash flow per share for the three months ended in Jun. 2026 was MXN4.778. 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 MXN33.88 for the trailing ten years ended in Jun. 2026.

During the past 12 months, Vale's average Cyclically Adjusted FCF Growth Rate was 12.80% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 12.70% 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 22.70% 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 Vale was 44.00% per year. The lowest was -4.30% per year. And the median was 13.10% per year.

As of today (2026-08-09), Vale's current stock price is MXN250.00. Vale's Cyclically Adjusted FCF per Share for the quarter that ended in Jun. 2026 was MXN33.88. Vale's Cyclically Adjusted Price-to-FCF of today is 7.38.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Vale was 29.55. The lowest was 5.75. And the median was 15.18.


Vale  (MEX:VALEN) 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=250.00/33.88
=7.38

* 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 Vale was 29.55. The lowest was 5.75. And the median was 15.18.


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.


Vale Cyclically Adjusted FCF per Share Related Terms


Vale Cyclically Adjusted FCF per Share Historical Data

* Premium members only.

The historical data trend for Vale'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.

Vale Cyclically Adjusted FCF per Share Chart

Vale 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 20.83 24.54 26.88 28.20 30.20

Vale 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 30.89 31.60 30.20 31.76 33.88

Vale Cyclically Adjusted FCF per Share Competitor Comparison

For the Other Industrial Metals & Mining subindustry, Vale'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.


Vale Cyclically Adjusted Price-to-FCF vs Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Vale's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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


MEX:VALEN
70GF Score
Vale SA MEX:VALEN
Cyclically Adjusted FCF per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Vale 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, Vale'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)
=4.778/177.5443*177.5443
=4.778

Current CPI (Jun. 2026) = 177.5443.

Vale Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201609 4.694 109.986 7.577
201612 4.044 110.802 6.480
201703 6.626 111.869 10.516
201706 7.623 112.115 12.072
201709 5.175 112.777 8.147
201712 10.441 114.068 16.251
201803 4.481 114.868 6.926
201806 10.733 117.038 16.282
201809 13.620 117.881 20.513
201812 6.853 118.340 10.281
201903 5.947 120.124 8.790
201906 8.248 120.977 12.105
201909 12.151 121.292 17.786
201912 6.236 123.436 8.970
202003 2.565 124.092 3.670
202006 1.660 123.557 2.385
202009 16.846 125.095 23.909
202012 20.316 129.012 27.958
202103 24.053 131.660 32.436
202106 25.839 133.871 34.269
202109 31.749 137.913 40.873
202112 0.545 141.992 0.681
202203 6.087 146.537 7.375
202206 9.665 149.784 11.456
202209 9.572 147.800 11.498
202212 0.538 150.207 0.636
202303 10.030 153.352 11.612
202306 2.696 154.519 3.098
202309 5.655 155.464 6.458
202312 10.530 157.148 11.897
202403 8.438 159.372 9.400
202406 -0.503 161.052 -0.555
202409 1.230 162.342 1.345
202412 2.871 164.740 3.094
202503 1.982 168.102 2.093
202506 3.030 169.670 3.171
202509 5.077 170.739 5.279
202512 2.151 171.765 2.223
202603 2.928 175.066 2.969
202606 4.778 177.544 4.778

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 MXN33.88 mean?
Vale (MEX:VALEN) has a Cyclically Adjusted FCF per Share of MXN33.88 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 Vale and its competitors.
Is Vale's Cyclically Adjusted FCF per Share too high?
Vale's current Cyclically Adjusted FCF per Share is MXN33.88. Overall, Vale has a GF Score™ of 70/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Vale's Cyclically Adjusted FCF per Share compare to competitors?
Vale's Cyclically Adjusted FCF per Share of MXN33.88 can be compared against companies in the Metals & Mining 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 Metals & Mining company?
A good Cyclically Adjusted FCF per Share depends on the Metals & Mining 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 Vale and its competitors. Vale's current Cyclically Adjusted FCF per Share is MXN33.88. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Vale stock overvalued right now?
Based on GuruFocus' analysis, Vale (MEX:VALEN) is currently considered Modestly Overvalued. The stock's GF Value™ is MXN224.25, compared to a current price of MXN250.00 — trading 11.5% above its estimated fair value. The current Cyclically Adjusted FCF per Share is MXN33.88. Vale's overall GF Score™ is 70/100 with 6 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 Vale (MEX:VALEN), the current Cyclically Adjusted FCF per Share is MXN33.88 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 Vale (MEX:VALEN) Overvalued in 2026?

Based on GuruFocus' analysis, Vale stock appears to be overvalued. The current stock price of MXN250.00 is trading 11.5% above its estimated GF Value™ of MXN224.25. GuruFocus considers Vale to be Modestly Overvalued.

Key valuation signals for MEX:VALEN:

  • Cyclically Adjusted FCF per Share: MXN33.88
  • GF Value™: MXN224.25 vs. price of MXN250.00 (11.5% above fair value)
  • GF Score™: 70/100 with 6 warning signs

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


Vale Business Description

Address Praia de Botafogo, 186, Rooms 1801 to 2001, Botafogo, Rio de Janeiro, RJ, BRA, 22250-145
Vale is a large global miner and the world's largest producer of iron ore and pellets. In recent years the company has sold noncore assets such as its fertilizer, coal, and steel operations to concentrate on iron ore, nickel, and copper. Earnings are dominated by its iron ore business. The base metals division is much smaller, consisting of nickel mines and smelters along with copper mines producing copper in concentrate. In 2024, Vale sold a minority 10% stake in its base metals business, likely the first step in separating base metals and iron ore.
70GF Score

Get the complete analysis for MEX:VALEN

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

MXN250.00
Price
MXN224.25
GF Value