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The Travelers (STU:PA9) Cyclically Adjusted FCF per Share : €25.41 (As of Mar. 2025)


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What is The Travelers Cyclically Adjusted FCF per Share?

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.

The Travelers's adjusted free cash flow per share for the three months ended in Mar. 2025 was €5.460. 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 €25.41 for the trailing ten years ended in Mar. 2025.

During the past 12 months, The Travelers's average Cyclically Adjusted FCF Growth Rate was 13.40% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 14.10% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 16.40% per year. During the past 10 years, the average Cyclically Adjusted FCF Growth Rate was 13.70% 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 The Travelers was 18.10% per year. The lowest was -13.40% per year. And the median was 7.70% per year.

As of today (2025-05-22), The Travelers's current stock price is €239.20. The Travelers's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2025 was €25.41. The Travelers's Cyclically Adjusted Price-to-FCF of today is 9.41.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of The Travelers was 14.88. The lowest was 7.00. And the median was 10.24.


The Travelers Cyclically Adjusted FCF per Share Historical Data

The historical data trend for The Travelers'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.

* Premium members only.

The Travelers Cyclically Adjusted FCF per Share Chart

The Travelers Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 9.90 15.89 19.56 20.99 25.36

The Travelers Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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 22.20 23.16 23.21 25.36 25.41

Competitive Comparison of The Travelers's Cyclically Adjusted FCF per Share

For the Insurance - Property & Casualty subindustry, The Travelers'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.


The Travelers's Cyclically Adjusted Price-to-FCF Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, The Travelers's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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


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The Travelers 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, The Travelers's adjusted Free Cash Flow per Share data for the three months ended in Mar. 2025 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=5.46/134.9266*134.9266
=5.460

Current CPI (Mar. 2025) = 134.9266.

The Travelers Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201506 1.894 100.684 2.538
201509 5.154 100.392 6.927
201512 2.306 99.792 3.118
201603 2.562 100.470 3.441
201606 1.343 101.688 1.782
201609 5.442 101.861 7.209
201612 4.707 101.863 6.235
201703 2.808 102.862 3.683
201706 2.880 103.349 3.760
201709 5.251 104.136 6.804
201712 2.033 104.011 2.637
201803 1.640 105.290 2.102
201806 3.612 106.317 4.584
201809 5.537 106.507 7.014
201812 3.134 105.998 3.989
201903 2.136 107.251 2.687
201906 3.870 108.070 4.832
201909 6.940 108.329 8.644
201912 4.907 108.420 6.107
202003 2.221 108.902 2.752
202006 5.873 108.767 7.285
202009 7.766 109.815 9.542
202012 6.130 109.897 7.526
202103 3.934 111.754 4.750
202106 6.063 114.631 7.136
202109 8.643 115.734 10.076
202112 6.087 117.630 6.982
202203 4.717 121.301 5.247
202206 5.395 125.017 5.823
202209 10.546 125.227 11.363
202212 5.358 125.222 5.773
202303 4.032 127.348 4.272
202306 6.224 128.729 6.524
202309 12.350 129.860 12.832
202312 8.341 129.419 8.696
202403 5.782 131.776 5.920
202406 6.730 132.554 6.850
202409 15.140 133.029 15.356
202412 8.551 133.157 8.665
202503 5.460 134.927 5.460

Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF per Share.


The Travelers  (STU:PA9) 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=239.20/25.41
=9.41

* 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 The Travelers was 14.88. The lowest was 7.00. And the median was 10.24.


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.


The Travelers Cyclically Adjusted FCF per Share Related Terms

Thank you for viewing the detailed overview of The Travelers's Cyclically Adjusted FCF per Share provided by GuruFocus.com. Please click on the following links to see related term pages.


The Travelers Business Description

Address
485 Lexington Avenue, New York, NY, USA, 10017
Travelers offers a broad product range and participates in both commercial and personal insurance lines. Its commercial operations offer a variety of coverage types for companies of any size but concentrate on serving midsize businesses. Its personal lines are roughly evenly split between auto and homeowners insurance.

The Travelers Headlines

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