Darden Restaurants (MIL:1DRI) Cyclically Adjusted FCF per Share: €6.57 (As of May. 2026)


MIL:1DRI Darden Restaurants Inc MIL:1DRI
57 GF Score
Price €179.10
GF Value €183.84
Valuation Fairly Valued
! 4 Warning Signs
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What is Darden Restaurants Cyclically Adjusted FCF per Share?

Darden Restaurants MIL:1DRI 57 Cyclically Adjusted FCF per Share is €6.57 as of May. 2026. GuruFocus rates MIL:1DRI with a GF Score™ of 57/100 and a GF Value™ of €183.84 (Fairly Valued). 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.

Darden Restaurants's adjusted free cash flow per share for the three months ended in May. 2026 was €2.766. 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 €6.57 for the trailing ten years ended in May. 2026.

During the past 12 months, Darden Restaurants's average Cyclically Adjusted FCF Growth Rate was 9.80% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 12.00% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 14.50% per year. During the past 10 years, the average Cyclically Adjusted FCF Growth Rate was 13.00% 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 Darden Restaurants was 23.40% per year. The lowest was 2.90% per year. And the median was 11.80% per year.

As of today (2026-07-03), Darden Restaurants's current stock price is €179.10. Darden Restaurants's Cyclically Adjusted FCF per Share for the quarter that ended in May. 2026 was €6.57. Darden Restaurants's Cyclically Adjusted Price-to-FCF of today is 27.26.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Darden Restaurants was 43.31. The lowest was 11.21. And the median was 30.08.


Darden Restaurants  (MIL:1DRI) 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=179.10/6.57
=27.26

* 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 Darden Restaurants was 43.31. The lowest was 11.21. And the median was 30.08.


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.


Darden Restaurants Cyclically Adjusted FCF per Share Related Terms


Darden Restaurants Cyclically Adjusted FCF per Share Historical Data

* Premium members only.

The historical data trend for Darden Restaurants'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.

Darden Restaurants Cyclically Adjusted FCF per Share Chart

Darden Restaurants Annual Data
Trend May17 May18 May19 May20 May21 May22 May23 May24 May25 May26
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 5.78 6.57

Darden Restaurants Quarterly Data
Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24 Feb25 May25 Aug25 Nov25 Feb26 May26
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 5.78 6.04 6.25 5.85 6.57

MIL:1DRI vs YUMC, TXRH, DPZ: Cyclically Adjusted FCF per Share Comparison

For the Restaurants subindustry, Darden Restaurants'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.


Darden Restaurants Cyclically Adjusted Price-to-FCF vs Restaurants Industry

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

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


MIL:1DRI
57GF Score
Darden Restaurants Inc MIL:1DRI
Cyclically Adjusted FCF per Share is just one metric. See GF Score™, valuation, warning signs, and more.
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Darden Restaurants 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, Darden Restaurants's adjusted Free Cash Flow per Share data for the three months ended in May. 2026 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of May. 2026 (Change)*Current CPI (May. 2026)
=2.766/335.1230*335.1230
=2.766

Current CPI (May. 2026) = 335.1230.

Darden Restaurants Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201608 0.698 240.849 0.971
201611 0.267 241.353 0.371
201702 2.383 243.603 3.278
201705 0.894 244.733 1.224
201708 0.524 245.519 0.715
201711 0.144 246.669 0.196
201802 2.102 248.991 2.829
201805 1.052 251.588 1.401
201808 0.651 252.146 0.865
201811 0.631 252.038 0.839
201902 2.540 252.776 3.367
201905 1.677 256.092 2.195
201908 0.942 256.558 1.230
201911 0.331 257.208 0.431
202002 2.634 258.678 3.412
202005 -2.222 256.394 -2.904
202008 1.052 259.918 1.356
202011 0.970 260.229 1.249
202102 1.531 263.014 1.951
202105 2.267 269.195 2.822
202108 0.600 273.567 0.735
202111 1.366 277.948 1.647
202202 2.242 283.716 2.648
202205 1.738 292.296 1.993
202208 2.379 296.171 2.692
202211 0.343 297.711 0.386
202302 2.759 300.840 3.073
202305 1.868 304.127 2.058
202308 0.849 307.026 0.927
202311 1.313 307.051 1.433
202402 3.250 310.326 3.510
202405 2.131 314.069 2.274
202408 0.926 314.796 0.986
202411 1.694 315.493 1.799
202502 3.393 319.082 3.564
202505 2.065 321.465 2.153
202508 1.190 323.976 1.231
202511 0.830 324.122 0.858
202602 3.270 326.785 3.353
202605 2.766 335.123 2.766

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 €6.57 mean?
Darden Restaurants (MIL:1DRI) has a Cyclically Adjusted FCF per Share of €6.57 as of May. 2026. Cyclically Adjusted FCF per Share represents the company's inflation-adjusted FCF per share over a 10-year period. View historical data on Darden Restaurants and its competitors.
Is Darden Restaurants' Cyclically Adjusted FCF per Share too high?
Darden Restaurants' current Cyclically Adjusted FCF per Share is €6.57. Overall, Darden Restaurants has a GF Score™ of 57/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Darden Restaurants' Cyclically Adjusted FCF per Share compare to YUMC and TXRH?
Darden Restaurants' Cyclically Adjusted FCF per Share of €6.57 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 Darden Restaurants and its competitors. Darden Restaurants's current Cyclically Adjusted FCF per Share is €6.57. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Darden Restaurants stock overvalued right now?
Based on GuruFocus' analysis, Darden Restaurants (MIL:1DRI) is currently considered Fairly Valued. The stock's GF Value™ is €183.84, compared to a current price of €179.10 — trading 2.6% below its estimated fair value. The current Cyclically Adjusted FCF per Share is €6.57. Darden Restaurants' overall GF Score™ is 57/100 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 Darden Restaurants (MIL:1DRI), the current Cyclically Adjusted FCF per Share is €6.57 as of May. 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 Darden Restaurants (MIL:1DRI) Overvalued in 2026?

Based on GuruFocus' analysis, Darden Restaurants stock appears to be undervalued. The current stock price of €179.10 is trading 2.6% below its estimated GF Value™ of €183.84. GuruFocus considers Darden Restaurants to be Fairly Valued.

Key valuation signals for MIL:1DRI:

  • Cyclically Adjusted FCF per Share: €6.57
  • GF Value™: €183.84 vs. price of €179.10 (2.6% below fair value)
  • GF Score™: 57/100 with 4 warning signs

No single metric tells the full story. See the MIL:1DRI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Darden Restaurants Business Description

Address 1000 Darden Center Drive, Orlando, FL, USA, 32837
Darden Restaurants is the largest global full-service dining operator, with over $12 billion in system sales across 2,159 company-owned stores at the end of fiscal 2025, spanning the US and Canada. The firm operates 10 banners in four segments, including Olive Garden (43% of sales), LongHorn Steakhouse (25%), and fine dining (21%), which includes The Capital Grille, Ruth's Chris, and Eddie V's. The other 11% of sales comes from smaller concepts such as Yard House and Cheddar's. Darden primarily generates revenue through sales of food and beverage items at its company-owned restaurants. It also earns royalties on sales from 154 franchised locations in US and international markets, which sit within the other segment but are immaterial to consolidated results.
57GF Score

Get the complete analysis for MIL:1DRI

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

€179.10
Price
€183.84
GF Value