Phu Nhuan Jewelry JSC (STC:PNJ) Cyclically Adjusted FCF per Share: ₫786.06 (As of Mar. 2026)

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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
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.

STC:PNJ Phu Nhuan Jewelry JSC STC:PNJ
95 GF Score
Price ₫43,000.00
GF Value ₫70,034.25
Valuation Significantly Undervalued
! 3 Warning Signs
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What is Phu Nhuan Jewelry JSC Cyclically Adjusted FCF per Share?

Phu Nhuan Jewelry JSC STC:PNJ +5.13% 95 Cyclically Adjusted FCF per Share is ₫786.06 as of Mar. 2026. GuruFocus rates STC:PNJ with a GF Score™ of 95/100 and a GF Value™ of ₫70,034.25 (Significantly Undervalued). The stock has 3 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.

Phu Nhuan Jewelry JSC's adjusted free cash flow per share for the three months ended in Mar. 2026 was ₫6,465.967. 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 ₫786.06 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Phu Nhuan Jewelry JSC's average Cyclically Adjusted FCF Growth Rate was 452.90% 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.

As of today (2026-07-19), Phu Nhuan Jewelry JSC's current stock price is ₫43000.00. Phu Nhuan Jewelry JSC's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2026 was ₫786.06. Phu Nhuan Jewelry JSC's Cyclically Adjusted Price-to-FCF of today is 54.70.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Phu Nhuan Jewelry JSC was 4420.46. The lowest was 54.70. And the median was 197.97.


Phu Nhuan Jewelry JSC  (STC:PNJ) 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.

Phu Nhuan Jewelry JSC's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=43000.00/786.06
=54.70

* 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 Phu Nhuan Jewelry JSC was 4420.46. The lowest was 54.70. And the median was 197.97.


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.


Phu Nhuan Jewelry JSC Cyclically Adjusted FCF per Share Related Terms


Phu Nhuan Jewelry JSC Cyclically Adjusted FCF per Share Historical Data

* Premium members only.

The historical data trend for Phu Nhuan Jewelry JSC'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.

Phu Nhuan Jewelry JSC Cyclically Adjusted FCF per Share Chart

Phu Nhuan Jewelry JSC 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 -468.38 -330.28 -9.58 142.75 158.76

Phu Nhuan Jewelry JSC Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 142.18 288.94 589.38 158.76 786.06

STC:PNJ vs TPR, SIG: Cyclically Adjusted FCF per Share Comparison

For the Luxury Goods subindustry, Phu Nhuan Jewelry JSC'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.


Phu Nhuan Jewelry JSC Cyclically Adjusted Price-to-FCF vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Phu Nhuan Jewelry JSC's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Phu Nhuan Jewelry JSC's Cyclically Adjusted Price-to-FCF falls into.


STC:PNJ
95GF Score
Phu Nhuan Jewelry JSC STC:PNJ
Cyclically Adjusted FCF per Share is just one metric. See GF Score™, valuation, warning signs, and more.
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Phu Nhuan Jewelry JSC 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, Phu Nhuan Jewelry JSC's adjusted Free Cash Flow per Share data for the three months ended in Mar. 2026 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=6465.967/330.2130*330.2130
=6,465.967

Current CPI (Mar. 2026) = 330.2130.

Phu Nhuan Jewelry JSC Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201606 -4.421 241.018 -6.057
201609 -245.655 241.428 -335.994
201612 -427.652 241.432 -584.911
201703 498.232 243.801 674.824
201706 -126.908 244.955 -171.079
201709 -165.408 246.819 -221.295
201712 -232.185 246.524 -311.006
201803 -141.500 249.554 -187.235
201806 0.000 251.989 0.000
201809 -707.708 252.439 -925.746
201812 -609.354 251.233 -800.916
201903 1,059.094 254.202 1,375.782
201906 -630.705 256.143 -813.089
201909 -1,496.846 256.759 -1,925.066
201912 -855.001 256.974 -1,098.681
202003 896.657 258.115 1,147.116
202006 -177.879 257.797 -227.846
202009 848.708 260.280 1,076.742
202012 1,506.853 260.474 1,910.296
202103 1,142.963 264.877 1,424.892
202106 -1,696.006 271.696 -2,061.286
202109 -723.680 274.310 -871.162
202112 -306.056 278.802 -362.493
202203 4,684.495 287.504 5,380.381
202206 0.000 296.311 0.000
202209 -1,188.599 296.808 -1,322.373
202212 -2,422.178 296.797 -2,694.888
202303 2,709.449 301.836 2,964.177
202306 -590.948 305.109 -639.570
202309 1,198.028 307.789 1,285.310
202312 -475.694 306.746 -512.086
202403 3,755.357 312.332 3,970.351
202406 150.686 314.175 158.378
202409 -954.659 315.301 -999.809
202412 -2,970.794 315.605 -3,108.299
202503 -435.954 319.799 -450.150
202506 341.652 322.561 349.757
202509 3,160.573 324.800 3,213.246
202512 -3,237.104 324.054 -3,298.629
202603 6,465.967 330.213 6,465.967

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 ₫786.06 mean?
Phu Nhuan Jewelry JSC (STC:PNJ) has a Cyclically Adjusted FCF per Share of ₫786.06 as of Mar. 2026. Cyclically Adjusted FCF per Share represents the company's inflation-adjusted FCF per share over a 10-year period. View historical data on Phu Nhuan Jewelry JSC and its competitors.
Is Phu Nhuan Jewelry JSC's Cyclically Adjusted FCF per Share too high?
Phu Nhuan Jewelry JSC's current Cyclically Adjusted FCF per Share is ₫786.06. Overall, Phu Nhuan Jewelry JSC has a GF Score™ of 95/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Phu Nhuan Jewelry JSC's Cyclically Adjusted FCF per Share compare to TPR and SIG?
Phu Nhuan Jewelry JSC's Cyclically Adjusted FCF per Share of ₫786.06 can be compared against companies in the Retail - Cyclical 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 Retail - Cyclical company?
A good Cyclically Adjusted FCF per Share depends on the Retail - Cyclical 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 Phu Nhuan Jewelry JSC and its competitors. Phu Nhuan Jewelry JSC's current Cyclically Adjusted FCF per Share is ₫786.06. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Phu Nhuan Jewelry JSC stock overvalued right now?
Based on GuruFocus' analysis, Phu Nhuan Jewelry JSC (STC:PNJ) is currently considered Significantly Undervalued. The stock's GF Value™ is ₫70,034.25, compared to a current price of ₫43,000.00 — trading 38.6% below its estimated fair value. The current Cyclically Adjusted FCF per Share is ₫786.06. Phu Nhuan Jewelry JSC's overall GF Score™ is 95/100 with 3 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 Phu Nhuan Jewelry JSC (STC:PNJ), the current Cyclically Adjusted FCF per Share is ₫786.06 as of Mar. 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 Phu Nhuan Jewelry JSC (STC:PNJ) Overvalued in 2026?

Based on GuruFocus' analysis, Phu Nhuan Jewelry JSC stock appears to be undervalued. The current stock price of ₫43,000.00 is trading 38.6% below its estimated GF Value™ of ₫70,034.25. GuruFocus considers Phu Nhuan Jewelry JSC to be Significantly Undervalued.

Key valuation signals for STC:PNJ:

  • Cyclically Adjusted FCF per Share: ₫786.06
  • GF Value™: ₫70,034.25 vs. price of ₫43,000.00 (38.6% below fair value)
  • GF Score™: 95/100 with 3 warning signs

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


Phu Nhuan Jewelry JSC Business Description

Address 170E Phan Dang Luu Street, Ward 4, Phu Nhuan District, Ho Chi Minh, VNM
Phu Nhuan Jewelry JSC is engaged in the manufacturing and trading of gold, silver, jewelry, and gemstones, and imports and exports jewelry in gold, silver, and gemstones. The other activities are mainly trading accessories and jewelry inspection services. It offers products such as rings, earrings, bracelets, pendants, necklaces, etc., under different brands such as CAO Fine Jewellery, Mancode by PNJ, Style by PNJ, PNJArt, PNJ Silver and Accessories, and others. Geographically, the company conducts its operations only in Vietnam.
95GF Score

Get the complete analysis for STC:PNJ

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

₫43,000.00
Price
₫70,034.25
GF Value