GNI Group (TSE:2160) Cyclically Adjusted FCF per Share: 円-14.54 (As of Mar. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
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.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
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.

TSE:2160 GNI Group Ltd TSE:2160
84 GF Score
Price 円2,502.00
GF Value 円2,790.28
Valuation Modestly Undervalued
! 5 Warning Signs
View Full Analysis

What is GNI Group Cyclically Adjusted FCF per Share?

GNI Group TSE:2160 +2.54% 84 Cyclically Adjusted FCF per Share is 円-14.54 as of Mar. 2026. GuruFocus rates TSE:2160 with a GF Score™ of 84/100 and a GF Value™ of 円2,790.28 (Modestly Undervalued). The stock has 5 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.

GNI Group's adjusted free cash flow per share for the three months ended in Mar. 2026 was 円-24.209. 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 円-14.54 for the trailing ten years ended in Mar. 2026.

During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was -15.50% 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 GNI Group was 30.30% per year. The lowest was -15.50% per year. And the median was -5.10% per year.

As of today (2026-07-21), GNI Group's current stock price is 円2502.00. GNI Group's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2026 was 円-14.54. GNI Group's Cyclically Adjusted Price-to-FCF of today is .

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of GNI Group was 3162.64. The lowest was 1098.71. And the median was 1923.12.


GNI Group  (TSE:2160) 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.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of GNI Group was 3162.64. The lowest was 1098.71. And the median was 1923.12.


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.


GNI Group Cyclically Adjusted FCF per Share Related Terms


GNI Group Cyclically Adjusted FCF per Share Historical Data

* Premium members only.

The historical data trend for GNI Group'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.

GNI Group Cyclically Adjusted FCF per Share Chart

GNI Group 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 -4.77 -8.39 2.32 -7.22 -12.94

GNI Group 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 -7.35 -9.17 -8.75 -12.94 -14.54

TSE:2160 vs VRTX, REGN, ALNY: Cyclically Adjusted FCF per Share Comparison

For the Biotechnology subindustry, GNI Group'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.


GNI Group Cyclically Adjusted Price-to-FCF vs Biotechnology Industry

For the Biotechnology industry and Healthcare sector, GNI Group's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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


TSE:2160
84GF Score
GNI Group Ltd TSE:2160
Cyclically Adjusted FCF per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

GNI Group 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, GNI Group'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)
=-24.209/112.7000*112.7000
=-24.209

Current CPI (Mar. 2026) = 112.7000.

GNI Group Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201606 -6.625 98.100 -7.611
201609 -1.461 98.000 -1.680
201612 -0.602 98.400 -0.689
201703 -1.603 98.100 -1.842
201706 -6.182 98.500 -7.073
201709 -10.159 98.800 -11.588
201712 1.160 99.400 1.315
201803 3.243 99.200 3.684
201806 -8.524 99.200 -9.684
201809 -3.578 99.900 -4.036
201812 3.369 99.700 3.808
201903 -1.043 99.700 -1.179
201906 3.521 99.800 3.976
201909 1.496 100.100 1.684
201912 0.146 100.500 0.164
202003 10.433 100.300 11.723
202006 3.419 99.900 3.857
202009 9.548 99.900 10.771
202012 -0.624 99.300 -0.708
202103 30.235 99.900 34.109
202106 -10.750 99.500 -12.176
202109 -13.033 100.100 -14.674
202112 -8.847 100.100 -9.961
202203 2.642 101.100 2.945
202206 -6.037 101.800 -6.683
202209 -24.171 103.100 -26.422
202212 -4.560 104.100 -4.937
202303 5.113 104.400 5.519
202306 -8.365 105.200 -8.961
202309 58.488 106.200 62.068
202312 34.200 106.800 36.089
202403 -12.533 107.200 -13.176
202406 -30.728 108.200 -32.006
202409 -21.171 108.900 -21.910
202412 -28.003 110.700 -28.509
202503 -13.135 111.100 -13.324
202506 -23.752 111.700 -23.965
202509 -0.715 112.000 -0.719
202512 -39.531 113.000 -39.426
202603 -24.209 112.700 -24.209

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 円-14.54 mean?
GNI Group (TSE:2160) has a Cyclically Adjusted FCF per Share of 円-14.54 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 GNI Group and its competitors.
Is GNI Group's Cyclically Adjusted FCF per Share too high?
GNI Group's current Cyclically Adjusted FCF per Share is 円-14.54. Overall, GNI Group has a GF Score™ of 84/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does GNI Group's Cyclically Adjusted FCF per Share compare to VRTX and REGN?
GNI Group's Cyclically Adjusted FCF per Share of 円-14.54 can be compared against companies in the Biotechnology 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 Biotechnology company?
A good Cyclically Adjusted FCF per Share depends on the Biotechnology 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 GNI Group and its competitors. GNI Group's current Cyclically Adjusted FCF per Share is 円-14.54. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is GNI Group stock overvalued right now?
Based on GuruFocus' analysis, GNI Group (TSE:2160) is currently considered Modestly Undervalued. The stock's GF Value™ is 円2,790.28, compared to a current price of 円2,502.00 — trading 10.3% below its estimated fair value. The current Cyclically Adjusted FCF per Share is 円-14.54. GNI Group's overall GF Score™ is 84/100 with 5 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 GNI Group (TSE:2160), the current Cyclically Adjusted FCF per Share is 円-14.54 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 GNI Group (TSE:2160) Overvalued in 2026?

Based on GuruFocus' analysis, GNI Group stock appears to be undervalued. The current stock price of 円2,502.00 is trading 10.3% below its estimated GF Value™ of 円2,790.28. GuruFocus considers GNI Group to be Modestly Undervalued.

Key valuation signals for TSE:2160:

  • Cyclically Adjusted FCF per Share: 円-14.54
  • GF Value™: 円2,790.28 vs. price of 円2,502.00 (10.3% below fair value)
  • GF Score™: 84/100 with 5 warning signs

No single metric tells the full story. See the TSE:2160 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


GNI Group Business Description

Address 2-2-2 Nihonbashi Honcho, 3rd Floor, Nihonbashi Honcho YS Building, Chuo-ku, Tokyo, JPN, 103-0023
GNI Group Ltd is a clinical stage drug development company. It works on the treatment of diseases that are more common in Asia, especially Japan and China. It is engaged in the discovery, development, manufacture, and sale of drugs for the treatment of cancer and inflammatory diseases.
84GF Score

Get the complete analysis for TSE:2160

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

円2,502.00
Price
円2,790.28
GF Value