GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Thomson Reuters Corp (STU:TOC) » Definitions » Cyclically Adjusted FCF per Share

Thomson Reuters (STU:TOC) Cyclically Adjusted FCF per Share : €2.72 (As of Mar. 2025)


View and export this data going back to 2018. Start your Free Trial

What is Thomson Reuters 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.

Thomson Reuters's adjusted free cash flow per share for the three months ended in Mar. 2025 was €0.603. 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 €2.72 for the trailing ten years ended in Mar. 2025.

During the past 12 months, Thomson Reuters's average Cyclically Adjusted FCF Growth Rate was 9.00% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 10.30% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 8.90% per year. During the past 10 years, the average Cyclically Adjusted FCF Growth Rate was 3.90% 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.

During the past 13 years, the highest 3-Year average Cyclically Adjusted FCF Growth Rate of Thomson Reuters was 43.20% per year. The lowest was -3.40% per year. And the median was 2.30% per year.

As of today (2025-06-13), Thomson Reuters's current stock price is €169.40. Thomson Reuters's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2025 was €2.72. Thomson Reuters's Cyclically Adjusted Price-to-FCF of today is 62.28.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Thomson Reuters was 64.31. The lowest was 18.84. And the median was 38.00.


Thomson Reuters Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Thomson Reuters'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.

Thomson Reuters Cyclically Adjusted FCF per Share Chart

Thomson Reuters 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 1.80 2.09 2.26 2.53 2.68

Thomson Reuters 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 2.64 2.74 2.68 2.68 2.72

Competitive Comparison of Thomson Reuters's Cyclically Adjusted FCF per Share

For the Specialty Business Services subindustry, Thomson Reuters'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.


Thomson Reuters's Cyclically Adjusted Price-to-FCF Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Thomson Reuters's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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


;
;

Thomson Reuters 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, Thomson Reuters'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)
=0.603/129.1809*129.1809
=0.603

Current CPI (Mar. 2025) = 129.1809.

Thomson Reuters Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201506 0.956 100.500 1.229
201509 0.622 100.421 0.800
201512 0.974 99.947 1.259
201603 0.303 101.054 0.387
201606 0.753 102.002 0.954
201609 0.744 101.765 0.944
201612 1.108 101.449 1.411
201703 -0.697 102.634 -0.877
201706 1.174 103.029 1.472
201709 0.867 103.345 1.084
201712 0.850 103.345 1.063
201803 0.313 105.004 0.385
201806 0.926 105.557 1.133
201809 0.938 105.636 1.147
201812 -0.276 105.399 -0.338
201903 -0.306 106.979 -0.370
201906 0.020 107.690 0.024
201909 0.257 107.611 0.309
201912 0.401 107.769 0.481
202003 0.064 107.927 0.077
202006 0.513 108.401 0.611
202009 0.820 108.164 0.979
202012 0.797 108.559 0.948
202103 0.456 110.298 0.534
202106 0.604 111.720 0.698
202109 0.718 112.905 0.822
202112 0.515 113.774 0.585
202203 0.201 117.646 0.221
202206 0.596 120.806 0.637
202209 0.791 120.648 0.847
202212 1.062 120.964 1.134
202303 0.250 122.702 0.263
202306 1.115 124.203 1.160
202309 1.087 125.230 1.121
202312 1.154 125.072 1.192
202403 0.583 126.258 0.596
202406 1.139 127.522 1.154
202409 1.214 127.285 1.232
202412 0.854 127.364 0.866
202503 0.603 129.181 0.603

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


Thomson Reuters  (STU:TOC) 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.

Thomson Reuters's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=169.40/2.72
=62.28

* 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 Thomson Reuters was 64.31. The lowest was 18.84. And the median was 38.00.


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.


Thomson Reuters Cyclically Adjusted FCF per Share Related Terms

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


Thomson Reuters Business Description

Industry
Address
19 Duncan Street, Suite 300, Toronto, ON, CAN, M5H 3H1
Thomson Reuters is the result of the $17.6 billion megamerger of Canada's Thomson and the United Kingdom's Reuters Group in 2008. In 2021, Thomson Reuters completed the sale of Refinitiv to LSE Group. Thomson Reuters' three largest segments are its legal professionals, Tax and accounting, and corporates segments. Legal professionals is about 42% of the firm's revenue and 47% of the firm's adjusted EBITDA. Tax and accounting makes up about 20%-25% of the firm's revenue and EBITDA. Corporates, which consists of legal professionals and tax and accounting products sold to corporations, also makes up about 20%-25% of the firm's revenue and EBITDA. Thomson Reuters' smaller segments include its Reuters news business and global print business.

Thomson Reuters Headlines

No Headlines