SoftBank Group (TSE:9984) Cyclically Adjusted FCF per Share: 円-20.65 (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:9984 SoftBank Group Corp TSE:9984
67 GF Score
Price 円5,703.00
GF Value 円2,600.69
Valuation Significantly Overvalued
! 5 Warning Signs
View Full Analysis

What is SoftBank Group Cyclically Adjusted FCF per Share?

SoftBank Group TSE:9984 -0.83% 67 Cyclically Adjusted FCF per Share is 円-20.65 as of Mar. 2026. GuruFocus rates TSE:9984 with a GF Score™ of 67/100 and a GF Value™ of 円2,600.69 (Significantly Overvalued). 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.

SoftBank Group's adjusted free cash flow per share for the three months ended in Mar. 2026 was 円-175.857. 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-20.65 for the trailing ten years ended in Mar. 2026.

During the past 12 months, SoftBank Group's average Cyclically Adjusted FCF Growth Rate was -276.60% 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 SoftBank Group was 70.70% per year. The lowest was -36.70% per year. And the median was 8.20% per year.

As of today (2026-07-23), SoftBank Group's current stock price is 円5703.00. SoftBank Group's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2026 was 円-20.65. SoftBank Group's Cyclically Adjusted Price-to-FCF of today is .

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of SoftBank Group was 771.52. The lowest was 47.62. And the median was 95.90.


SoftBank Group  (TSE:9984) 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 SoftBank Group was 771.52. The lowest was 47.62. And the median was 95.90.


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.


SoftBank Group Cyclically Adjusted FCF per Share Related Terms


SoftBank Group Cyclically Adjusted FCF per Share Historical Data

* Premium members only.

The historical data trend for SoftBank 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.

SoftBank Group Cyclically Adjusted FCF per Share Chart

SoftBank Group Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 19.84 19.45 19.54 11.69 -20.65

SoftBank 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 11.69 6.49 8.77 -1.77 -20.65

TSE:9984 vs TMUS, VZ, T: Cyclically Adjusted FCF per Share Comparison

For the Telecom Services subindustry, SoftBank 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.


SoftBank Group Cyclically Adjusted Price-to-FCF vs Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, SoftBank Group's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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


TSE:9984
67GF Score
SoftBank Group Corp TSE:9984
Cyclically Adjusted FCF per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

SoftBank 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, SoftBank 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)
=-175.857/112.7000*112.7000
=-175.857

Current CPI (Mar. 2026) = 112.7000.

SoftBank Group Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201606 2.041 98.100 2.345
201609 62.100 98.000 71.415
201612 -13.591 98.400 -15.566
201703 13.925 98.100 15.997
201706 -10.095 98.500 -11.550
201709 36.517 98.800 41.655
201712 -15.861 99.400 -17.983
201803 -7.834 99.200 -8.900
201806 -6.758 99.200 -7.678
201809 16.114 99.900 18.179
201812 -27.094 99.700 -30.627
201903 -4.458 99.700 -5.039
201906 -103.745 99.800 -117.155
201909 72.933 100.100 82.113
201912 -6.195 100.500 -6.947
202003 24.015 100.300 26.984
202006 0.538 99.900 0.607
202009 24.643 99.900 27.800
202012 -101.246 99.300 -114.909
202103 65.971 99.900 74.424
202106 47.875 99.500 54.226
202109 176.897 100.100 199.164
202112 25.554 100.100 28.771
202203 25.467 101.100 28.389
202206 -4.508 101.800 -4.991
202209 38.313 103.100 41.880
202212 2.058 104.100 2.228
202303 -20.095 104.400 -21.693
202306 -62.152 105.200 -66.583
202309 15.611 106.200 16.566
202312 -16.203 106.800 -17.098
202403 -0.804 107.200 -0.845
202406 -42.601 108.200 -44.373
202409 6.257 108.900 6.475
202412 -35.603 110.700 -36.246
202503 -41.542 111.100 -42.140
202506 -84.213 111.700 -84.967
202509 -18.853 112.000 -18.971
202512 -95.813 113.000 -95.559
202603 -175.857 112.700 -175.857

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-20.65 mean?
SoftBank Group (TSE:9984) has a Cyclically Adjusted FCF per Share of 円-20.65 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 SoftBank Group and its competitors.
Is SoftBank Group's Cyclically Adjusted FCF per Share too high?
SoftBank Group's current Cyclically Adjusted FCF per Share is 円-20.65. Overall, SoftBank Group has a GF Score™ of 67/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does SoftBank Group's Cyclically Adjusted FCF per Share compare to TMUS and VZ?
SoftBank Group's Cyclically Adjusted FCF per Share of 円-20.65 can be compared against companies in the Telecommunication Services 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 Telecommunication Services company?
A good Cyclically Adjusted FCF per Share depends on the Telecommunication Services 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 SoftBank Group and its competitors. SoftBank Group's current Cyclically Adjusted FCF per Share is 円-20.65. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is SoftBank Group stock overvalued right now?
Based on GuruFocus' analysis, SoftBank Group (TSE:9984) is currently considered Significantly Overvalued. The stock's GF Value™ is 円2,600.69, compared to a current price of 円5,703.00 — trading 119.3% above its estimated fair value. The current Cyclically Adjusted FCF per Share is 円-20.65. SoftBank Group's overall GF Score™ is 67/100 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 SoftBank Group (TSE:9984), the current Cyclically Adjusted FCF per Share is 円-20.65 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 SoftBank Group (TSE:9984) Overvalued in 2026?

Based on GuruFocus' analysis, SoftBank Group stock appears to be overvalued. The current stock price of 円5,703.00 is trading 119.3% above its estimated GF Value™ of 円2,600.69. GuruFocus considers SoftBank Group to be Significantly Overvalued.

Key valuation signals for TSE:9984:

  • Cyclically Adjusted FCF per Share: 円-20.65
  • GF Value™: 円2,600.69 vs. price of 円5,703.00 (119.3% above fair value)
  • GF Score™: 67/100 with 5 warning signs

No single metric tells the full story. See the TSE:9984 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


SoftBank Group Business Description

Address Kaigan 1-7-1, Minato-ku, Tokyo, JPN, 105-7537
SoftBank is a Japan-based telecom and e-commerce conglomerate that has expanded mainly through acquisitions, and its key assets include a 40%-owned mobile and fixed broadband telecom operator business in Japan. It also owns 90% of semiconductor chip designer Arm Holdings following the 2023 IPO of this business, and has a vast portfolio of mainly internet- and e-commerce-focused early-stage investments. It is also a general partner of the USD 100 billion SoftBank Vision Fund 1 and sole investor in SoftBank Vision Fund 2, both of which primarily invest in pre-IPO internet and AI companies. Recently, it has begun investing in OpenAI.
67GF Score

Get the complete analysis for TSE:9984

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

円5,703.00
Price
円2,600.69
GF Value