Thule Group AB (OSTO:THULE) Cyclically Adjusted FCF per Share: kr10.73 (As of Jun. 2026)

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Director of Data and Quant Analytics at GuruFocus
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OSTO:THULE Thule Group AB OSTO:THULE
82 GF Score
Price kr203.20
GF Value kr294.93
Valuation Significantly Undervalued
! 4 Warning Signs
View Full Analysis

What is Thule Group AB Cyclically Adjusted FCF per Share?

Thule Group AB OSTO:THULE -0.78% 82 Cyclically Adjusted FCF per Share is kr10.73 as of Jun. 2026. GuruFocus rates OSTO:THULE with a GF Score™ of 82/100 and a GF Value™ of kr294.93 (Significantly Undervalued). 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.

Thule Group AB's adjusted free cash flow per share for the three months ended in Jun. 2026 was kr6.994. 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 kr10.73 for the trailing ten years ended in Jun. 2026.

During the past 12 months, Thule Group AB's average Cyclically Adjusted FCF Growth Rate was 0.80% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 10.70% 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 Thule Group AB was 10.70% per year. The lowest was 10.70% per year. And the median was 10.70% per year.

As of today (2026-08-28), Thule Group AB's current stock price is kr203.20. Thule Group AB's Cyclically Adjusted FCF per Share for the quarter that ended in Jun. 2026 was kr10.73. Thule Group AB's Cyclically Adjusted Price-to-FCF of today is 18.94.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Thule Group AB was 41.47. The lowest was 18.22. And the median was 30.42.


Thule Group AB  (OSTO:THULE) 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.

Thule Group AB's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=203.20/10.73
=18.94

* 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 Thule Group AB was 41.47. The lowest was 18.22. And the median was 30.42.


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.


Thule Group AB Cyclically Adjusted FCF per Share Related Terms


Thule Group AB Cyclically Adjusted FCF per Share Historical Data

* Premium members only.

The historical data trend for Thule Group AB'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.

Thule Group AB Cyclically Adjusted FCF per Share Chart

Thule Group AB 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 0.00 7.65 8.73 10.38 10.39

Thule Group AB 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 10.64 10.62 10.39 10.42 10.73

OSTO:THULE vs AS, HAS, LTH: Cyclically Adjusted FCF per Share Comparison

For the Leisure subindustry, Thule Group AB'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.


Thule Group AB Cyclically Adjusted Price-to-FCF vs Travel & Leisure Industry

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

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


OSTO:THULE
82GF Score
Thule Group AB OSTO:THULE
Cyclically Adjusted FCF per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Thule Group AB 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, Thule Group AB'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)
=6.994/134.6100*134.6100
=6.994

Current CPI (Jun. 2026) = 134.6100.

Thule Group AB Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201609 4.093 101.138 5.448
201612 0.265 102.022 0.350
201703 -1.821 102.022 -2.403
201706 3.408 102.752 4.465
201709 4.709 103.279 6.138
201712 1.750 103.793 2.270
201803 -2.227 103.962 -2.884
201806 2.442 104.875 3.134
201809 4.266 105.679 5.434
201812 -0.387 105.912 -0.492
201903 -1.743 105.886 -2.216
201906 3.837 106.742 4.839
201909 5.203 107.214 6.533
201912 1.124 107.766 1.404
202003 -0.407 106.563 -0.514
202006 4.738 107.498 5.933
202009 7.010 107.635 8.767
202012 2.485 108.296 3.089
202103 0.153 108.360 0.190
202106 6.549 108.928 8.093
202109 3.990 110.338 4.868
202112 -4.752 112.486 -5.687
202203 -6.382 114.825 -7.482
202206 3.595 118.384 4.088
202209 4.082 122.296 4.493
202212 0.410 126.365 0.437
202303 -0.381 127.042 -0.404
202306 6.399 129.407 6.656
202309 7.370 130.224 7.618
202312 1.807 131.912 1.844
202403 0.539 132.205 0.549
202406 7.209 132.716 7.312
202409 8.713 132.304 8.865
202412 2.876 132.987 2.911
202503 -3.469 132.825 -3.516
202506 6.364 133.699 6.407
202509 4.898 133.480 4.939
202512 -0.510 133.390 -0.515
202603 -0.686 133.560 -0.691
202606 6.994 134.610 6.994

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 kr10.73 mean?
Thule Group AB (OSTO:THULE) has a Cyclically Adjusted FCF per Share of kr10.73 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 Thule Group AB and its competitors.
Is Thule Group AB's Cyclically Adjusted FCF per Share too high?
Thule Group AB's current Cyclically Adjusted FCF per Share is kr10.73. Overall, Thule Group AB has a GF Score™ of 82/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Thule Group AB's Cyclically Adjusted FCF per Share compare to AS and HAS?
Thule Group AB's Cyclically Adjusted FCF per Share of kr10.73 can be compared against companies in the Travel & Leisure 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 Travel & Leisure company?
A good Cyclically Adjusted FCF per Share depends on the Travel & Leisure 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 Thule Group AB and its competitors. Thule Group AB's current Cyclically Adjusted FCF per Share is kr10.73. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Thule Group AB stock overvalued right now?
Based on GuruFocus' analysis, Thule Group AB (OSTO:THULE) is currently considered Significantly Undervalued. The stock's GF Value™ is kr294.93, compared to a current price of kr203.20 — trading 31.1% below its estimated fair value. The current Cyclically Adjusted FCF per Share is kr10.73. Thule Group AB's overall GF Score™ is 82/100 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 Thule Group AB (OSTO:THULE), the current Cyclically Adjusted FCF per Share is kr10.73 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 Thule Group AB (OSTO:THULE) Overvalued in 2026?

Based on GuruFocus' analysis, Thule Group AB stock appears to be undervalued. The current stock price of kr203.20 is trading 31.1% below its estimated GF Value™ of kr294.93. GuruFocus considers Thule Group AB to be Significantly Undervalued.

Key valuation signals for OSTO:THULE:

  • Cyclically Adjusted FCF per Share: kr10.73
  • GF Value™: kr294.93 vs. price of kr203.20 (31.1% below fair value)
  • GF Score™: 82/100 with 4 warning signs

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


Thule Group AB Business Description

Address Dockgatan 1, Malmo, SWE, SE-211 12
Thule Group AB is a manufacturer of sports and outdoor products. It develops and manufactures premium products that facilitate an active outdoor life. Its product categories; Sport & Cargo Carriers (roof racks, roof boxes, and carriers for transporting cycling, water, and winter sports equipment, and rooftop tents mounted on a car), Juvenile & Pet Products (strollers, bike trailers, and child bike seats), RV Products (awnings, bike carriers and tents for RVs and caravans) and Packs, Bags & Luggage (hiking backpacks, luggage, and camera bags). It has two operating segments: Region Europe and ROW, and Region Americas. Geographic markets: Sweden, Other Nordic countries, Germany, Other Europe, the USA, Other North America, Central/South America, Asia/Pacific Rim, and the Rest of the world.
82GF Score

Get the complete analysis for OSTO:THULE

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

kr203.20
Price
kr294.93
GF Value