OceanaGold (TSX:OGC) Cyclically Adjusted FCF per Share: C$0.62 (As of Mar. 2026)


TSX:OGC OceanaGold Corp TSX:OGC
86 GF Score
Price C$34.29
GF Value C$28.55
Valuation Modestly Overvalued
! 1 Warning Sign
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What is OceanaGold Cyclically Adjusted FCF per Share?

OceanaGold TSX:OGC -1.64% 86 Cyclically Adjusted FCF per Share is C$0.62 as of Mar. 2026. GuruFocus rates TSX:OGC with a GF Score™ of 86/100 and a GF Value™ of C$28.55 (Modestly Overvalued). The stock has 1 warning sign 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.

OceanaGold's adjusted free cash flow per share for the three months ended in Mar. 2026 was C$1.545. 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 C$0.62 for the trailing ten years ended in Mar. 2026.

During the past 12 months, OceanaGold's average Cyclically Adjusted FCF Growth Rate was 313.30% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 43.10% 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 OceanaGold was 43.10% per year. The lowest was -44.20% per year. And the median was 31.80% per year.

As of today (2026-07-08), OceanaGold's current stock price is C$34.29. OceanaGold's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2026 was C$0.62. OceanaGold's Cyclically Adjusted Price-to-FCF of today is 55.31.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of OceanaGold was 1107.00. The lowest was 29.35. And the median was 99.70.


OceanaGold  (TSX:OGC) 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=34.29/0.62
=55.31

* 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 OceanaGold was 1107.00. The lowest was 29.35. And the median was 99.70.


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.


OceanaGold Cyclically Adjusted FCF per Share Related Terms


OceanaGold Cyclically Adjusted FCF per Share Historical Data

* Premium members only.

The historical data trend for OceanaGold'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.

OceanaGold Cyclically Adjusted FCF per Share Chart

OceanaGold 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 0.16 0.13 0.41

OceanaGold 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 0.15 0.19 0.24 0.41 0.62

TSX:OGC vs NEM, AU: Cyclically Adjusted FCF per Share Comparison

For the Gold subindustry, OceanaGold'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.


OceanaGold Cyclically Adjusted Price-to-FCF vs Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, OceanaGold's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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


TSX:OGC
86GF Score
OceanaGold Corp TSX:OGC
Cyclically Adjusted FCF per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

OceanaGold 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, OceanaGold'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)
=1.545/132.2623*132.2623
=1.545

Current CPI (Mar. 2026) = 132.2623.

OceanaGold Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201606 -0.160 102.002 -0.207
201609 -0.542 101.765 -0.704
201612 -0.262 101.449 -0.342
201703 -0.126 102.634 -0.162
201706 0.107 103.029 0.137
201709 -0.083 103.345 -0.106
201712 0.641 103.345 0.820
201803 0.136 105.004 0.171
201806 0.306 105.557 0.383
201809 0.046 105.636 0.058
201812 0.282 105.399 0.354
201903 -0.121 106.979 -0.150
201906 0.062 107.690 0.076
201909 -0.154 107.611 -0.189
201912 -0.029 107.769 -0.036
202003 0.418 107.927 0.512
202006 -0.235 108.401 -0.287
202009 -0.096 108.164 -0.117
202012 -0.360 108.559 -0.439
202103 -0.133 110.298 -0.159
202106 -0.256 111.720 -0.303
202109 -0.085 112.905 -0.100
202112 0.151 113.774 0.176
202203 0.380 117.646 0.427
202206 0.085 120.806 0.093
202209 -0.058 120.648 -0.064
202212 0.056 120.964 0.061
202303 -0.094 122.702 -0.101
202306 0.370 124.203 0.394
202309 -0.168 125.230 -0.177
202312 0.074 125.072 0.078
202403 0.010 126.258 0.010
202406 0.005 127.522 0.005
202409 0.367 127.285 0.381
202412 0.859 127.364 0.892
202503 0.407 129.181 0.417
202506 0.699 129.892 0.712
202509 0.560 130.287 0.568
202512 1.533 130.366 1.555
202603 1.545 132.262 1.545

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 C$0.62 mean?
OceanaGold (TSX:OGC) has a Cyclically Adjusted FCF per Share of C$0.62 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 OceanaGold and its competitors.
Is OceanaGold's Cyclically Adjusted FCF per Share too high?
OceanaGold's current Cyclically Adjusted FCF per Share is C$0.62. Overall, OceanaGold has a GF Score™ of 86/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does OceanaGold's Cyclically Adjusted FCF per Share compare to NEM and AU?
OceanaGold's Cyclically Adjusted FCF per Share of C$0.62 can be compared against companies in the Metals & Mining 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 Metals & Mining company?
A good Cyclically Adjusted FCF per Share depends on the Metals & Mining 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 OceanaGold and its competitors. OceanaGold's current Cyclically Adjusted FCF per Share is C$0.62. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is OceanaGold stock overvalued right now?
Based on GuruFocus' analysis, OceanaGold (TSX:OGC) is currently considered Modestly Overvalued. The stock's GF Value™ is C$28.55, compared to a current price of C$34.29 — trading 20.1% above its estimated fair value. The current Cyclically Adjusted FCF per Share is C$0.62. OceanaGold's overall GF Score™ is 86/100 with 1 warning sign 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 OceanaGold (TSX:OGC), the current Cyclically Adjusted FCF per Share is C$0.62 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 OceanaGold (TSX:OGC) Overvalued in 2026?

Based on GuruFocus' analysis, OceanaGold stock appears to be overvalued. The current stock price of C$34.29 is trading 20.1% above its estimated GF Value™ of C$28.55. GuruFocus considers OceanaGold to be Modestly Overvalued.

Key valuation signals for TSX:OGC:

  • Cyclically Adjusted FCF per Share: C$0.62
  • GF Value™: C$28.55 vs. price of C$34.29 (20.1% above fair value)
  • GF Score™: 86/100 with 1 warning sign

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


OceanaGold Business Description

Other Exchanges OGC:USA0VAQ:UKRQQ0:Germany
Address 400 Burrard Street, Suite 1020, Vancouver, BC, CAN, V6C 3A6
OceanaGold Corp is a growing intermediate gold and copper producer committed to safely and responsibly maximizing the generation of Free Cash Flow from its operations and delivering robust returns for its shareholders. It has a portfolio of four operating mines: the Haile Gold Mine in the United States of America; the Didipio Mine in the Philippines; and the Macraes and Waihi operations in New Zealand. The company generates key revenue from Haile mines.
86GF Score

Get the complete analysis for TSX:OGC

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

C$34.29
Price
C$28.55
GF Value