CD Projekt (STU:7CD0) Cyclically Adjusted FCF per Share: €0.17 (As of Mar. 2026)

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STU:7CD0 CD Projekt SA STU:7CD0
83 GF Score
Price €13.20
GF Value €8.30
Valuation Significantly Overvalued
! 3 Warning Signs
View Full Analysis

What is CD Projekt Cyclically Adjusted FCF per Share?

CD Projekt STU:7CD0 +0.76% 83 Cyclically Adjusted FCF per Share is €0.17 as of Mar. 2026. GuruFocus rates STU:7CD0 with a GF Score™ of 83/100 and a GF Value™ of €8.30 (Significantly Overvalued). 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.

CD Projekt's adjusted free cash flow per share for the three months ended in Mar. 2026 was €-0.010. 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 €0.17 for the trailing ten years ended in Mar. 2026.

During the past 12 months, CD Projekt's average Cyclically Adjusted FCF Growth Rate was -17.60% 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 CD Projekt was 49.50% per year. The lowest was 16.00% per year. And the median was 34.40% per year.

As of today (2026-07-16), CD Projekt's current stock price is €13.20. CD Projekt's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2026 was €0.17. CD Projekt's Cyclically Adjusted Price-to-FCF of today is 77.65.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of CD Projekt was 450.51. The lowest was 31.29. And the median was 77.78.


CD Projekt  (STU:7CD0) 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=13.20/0.17
=77.65

* 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 CD Projekt was 450.51. The lowest was 31.29. And the median was 77.78.


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.


CD Projekt Cyclically Adjusted FCF per Share Related Terms


CD Projekt Cyclically Adjusted FCF per Share Historical Data

* Premium members only.

The historical data trend for CD Projekt'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.

CD Projekt Cyclically Adjusted FCF per Share Chart

CD Projekt 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 0.12 0.14 0.17 0.20 0.17

CD Projekt 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 0.21 0.18 0.18 0.17 0.17

STU:7CD0 vs NTES, EA, TTWO: Cyclically Adjusted FCF per Share Comparison

For the Electronic Gaming & Multimedia subindustry, CD Projekt'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.


CD Projekt Cyclically Adjusted Price-to-FCF vs Interactive Media Industry

For the Interactive Media industry and Communication Services sector, CD Projekt's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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


STU:7CD0
83GF Score
CD Projekt SA STU:7CD0
Cyclically Adjusted FCF per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

CD Projekt 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, CD Projekt'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)
=-0.01/163.0700*163.0700
=-0.010

Current CPI (Mar. 2026) = 163.0700.

CD Projekt Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201606 0.040 99.552 0.066
201609 0.025 99.064 0.041
201612 0.025 100.366 0.041
201703 0.027 101.018 0.044
201706 0.021 101.180 0.034
201709 0.031 101.343 0.050
201712 0.004 102.564 0.006
201803 0.008 102.564 0.013
201806 -0.027 103.378 -0.043
201809 -0.001 103.378 -0.002
201812 0.032 103.785 0.050
201903 -0.017 104.274 -0.027
201906 0.005 105.983 0.008
201909 0.037 105.983 0.057
201912 -0.048 107.123 -0.073
202003 0.073 109.076 0.109
202006 0.018 109.402 0.027
202009 0.047 109.320 0.070
202012 0.142 109.565 0.211
202103 0.585 112.658 0.847
202106 -0.159 113.960 -0.228
202109 0.030 115.588 0.042
202112 -0.013 119.088 -0.018
202203 0.056 125.031 0.073
202206 -0.041 131.705 -0.051
202209 0.002 135.531 0.002
202212 0.068 139.113 0.080
202303 0.012 145.950 0.013
202306 -0.053 147.009 -0.059
202309 0.028 146.113 0.031
202312 0.174 147.741 0.192
202403 0.067 149.044 0.073
202406 -0.006 150.997 -0.006
202409 0.015 153.439 0.016
202412 0.023 154.660 0.024
202503 0.009 157.021 0.009
202506 -0.039 157.509 -0.040
202509 0.057 158.000 0.059
202512 -0.040 158.320 -0.041
202603 -0.010 163.070 -0.010

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 €0.17 mean?
CD Projekt (STU:7CD0) has a Cyclically Adjusted FCF per Share of €0.17 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 CD Projekt and its competitors.
Is CD Projekt's Cyclically Adjusted FCF per Share too high?
CD Projekt's current Cyclically Adjusted FCF per Share is €0.17. Overall, CD Projekt has a GF Score™ of 83/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does CD Projekt's Cyclically Adjusted FCF per Share compare to NTES and EA?
CD Projekt's Cyclically Adjusted FCF per Share of €0.17 can be compared against companies in the Interactive Media 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 an Interactive Media company?
A good Cyclically Adjusted FCF per Share depends on the Interactive Media 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 CD Projekt and its competitors. CD Projekt's current Cyclically Adjusted FCF per Share is €0.17. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is CD Projekt stock overvalued right now?
Based on GuruFocus' analysis, CD Projekt (STU:7CD0) is currently considered Significantly Overvalued. The stock's GF Value™ is €8.30, compared to a current price of €13.20 — trading 59% above its estimated fair value. The current Cyclically Adjusted FCF per Share is €0.17. CD Projekt's overall GF Score™ is 83/100 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 CD Projekt (STU:7CD0), the current Cyclically Adjusted FCF per Share is €0.17 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 CD Projekt (STU:7CD0) Overvalued in 2026?

Based on GuruFocus' analysis, CD Projekt stock appears to be overvalued. The current stock price of €13.20 is trading 59% above its estimated GF Value™ of €8.30. GuruFocus considers CD Projekt to be Significantly Overvalued.

Key valuation signals for STU:7CD0:

  • Cyclically Adjusted FCF per Share: €0.17
  • GF Value™: €8.30 vs. price of €13.20 (59% above fair value)
  • GF Score™: 83/100 with 3 warning signs

No single metric tells the full story. See the STU:7CD0 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


CD Projekt Business Description

Address ul. Jagiellonska 74, Building E, Warsaw, POL, 03-301
CD Projekt SA is the holding company of the CD Projekt capital group. The firm, with its subsidiary, develops and publishes video games for hardware platforms such as Steam, PlayStation Store, Xbox Games Store, Nintendo, App Store, Humble Bundle, Origin, and its own proprietary GOG.com platform. It is also involved in international digital video game distribution. The firm has CD Projekt Red and GOG.com segments. It derives the majority of its revenues from the CD Projekt Red segment.
83GF Score

Get the complete analysis for STU:7CD0

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

€13.20
Price
€8.30
GF Value