ATAL (WAR:1AT) Cyclically Adjusted FCF per Share: zł1.13 (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.

WAR:1AT ATAL SA WAR:1AT
84 GF Score
Price zł57.30
GF Value zł66.49
Valuation Modestly Undervalued
! 5 Warning Signs
View Full Analysis

What is ATAL Cyclically Adjusted FCF per Share?

ATAL WAR:1AT -1.88% 84 Cyclically Adjusted FCF per Share is zł1.13 as of Mar. 2026. GuruFocus rates WAR:1AT with a GF Score™ of 84/100 and a GF Value™ of zł66.49 (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.

ATAL's adjusted free cash flow per share for the three months ended in Mar. 2026 was zł0.014. 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 zł1.13 for the trailing ten years ended in Mar. 2026.

During the past 12 months, ATAL's average Cyclically Adjusted FCF Growth Rate was -30.20% 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.

As of today (2026-07-20), ATAL's current stock price is zł57.30. ATAL's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2026 was zł1.13. ATAL's Cyclically Adjusted Price-to-FCF of today is 50.71.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of ATAL was 63.91. The lowest was 16.28. And the median was 27.19.


ATAL  (WAR:1AT) 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=57.30/1.13
=50.71

* 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 ATAL was 63.91. The lowest was 16.28. And the median was 27.19.


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.


ATAL Cyclically Adjusted FCF per Share Related Terms


ATAL Cyclically Adjusted FCF per Share Historical Data

* Premium members only.

The historical data trend for ATAL'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.

ATAL Cyclically Adjusted FCF per Share Chart

ATAL 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 0.00 0.00 3.00 1.77 0.98

ATAL 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 1.62 1.09 0.92 0.98 1.13

ATAL Cyclically Adjusted FCF per Share Competitor Comparison

For the Real Estate - Development subindustry, ATAL'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.


ATAL Cyclically Adjusted Price-to-FCF vs Real Estate Industry

For the Real Estate industry and Real Estate sector, ATAL's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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


WAR:1AT
84GF Score
ATAL SA WAR:1AT
Cyclically Adjusted FCF per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

ATAL 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, ATAL'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)
=0.014/163.0700*163.0700
=0.014

Current CPI (Mar. 2026) = 163.0700.

ATAL Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201606 -0.295 99.552 -0.483
201609 -0.592 99.064 -0.974
201612 -0.406 100.366 -0.660
201703 1.357 101.018 2.191
201706 -0.153 101.180 -0.247
201709 2.204 101.343 3.546
201712 1.681 102.564 2.673
201803 1.133 102.564 1.801
201806 0.570 103.378 0.899
201809 1.032 103.378 1.628
201812 -1.774 103.785 -2.787
201903 -0.997 104.274 -1.559
201906 -2.667 105.983 -4.104
201909 -2.351 105.983 -3.617
201912 2.266 107.123 3.449
202003 -1.652 109.076 -2.470
202006 -0.600 109.402 -0.894
202009 0.100 109.320 0.149
202012 3.572 109.565 5.316
202103 2.020 112.658 2.924
202106 3.646 113.960 5.217
202109 3.050 115.588 4.303
202112 8.927 119.088 12.224
202203 5.555 125.031 7.245
202206 -0.467 131.705 -0.578
202209 4.111 135.531 4.946
202212 -3.509 139.113 -4.113
202303 -2.515 145.950 -2.810
202306 -2.964 147.009 -3.288
202309 0.644 146.113 0.719
202312 6.837 147.741 7.546
202403 -0.514 149.044 -0.562
202406 0.343 150.997 0.370
202409 -6.103 153.439 -6.486
202412 -4.228 154.660 -4.458
202503 -4.680 157.021 -4.860
202506 -6.327 157.509 -6.550
202509 -3.702 158.000 -3.821
202512 -0.498 158.320 -0.513
202603 0.014 163.070 0.014

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 zł1.13 mean?
ATAL (WAR:1AT) has a Cyclically Adjusted FCF per Share of zł1.13 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 ATAL and its competitors.
Is ATAL's Cyclically Adjusted FCF per Share too high?
ATAL's current Cyclically Adjusted FCF per Share is zł1.13. Overall, ATAL has a GF Score™ of 84/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does ATAL's Cyclically Adjusted FCF per Share compare to competitors?
ATAL's Cyclically Adjusted FCF per Share of zł1.13 can be compared against companies in the Real Estate 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 Real Estate company?
A good Cyclically Adjusted FCF per Share depends on the Real Estate 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 ATAL and its competitors. ATAL's current Cyclically Adjusted FCF per Share is zł1.13. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ATAL stock overvalued right now?
Based on GuruFocus' analysis, ATAL (WAR:1AT) is currently considered Modestly Undervalued. The stock's GF Value™ is zł66.49, compared to a current price of zł57.30 — trading 13.8% below its estimated fair value. The current Cyclically Adjusted FCF per Share is zł1.13. ATAL'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 ATAL (WAR:1AT), the current Cyclically Adjusted FCF per Share is zł1.13 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 ATAL (WAR:1AT) Overvalued in 2026?

Based on GuruFocus' analysis, ATAL stock appears to be undervalued. The current stock price of zł57.30 is trading 13.8% below its estimated GF Value™ of zł66.49. GuruFocus considers ATAL to be Modestly Undervalued.

Key valuation signals for WAR:1AT:

  • Cyclically Adjusted FCF per Share: zł1.13
  • GF Value™: zł66.49 vs. price of zł57.30 (13.8% below fair value)
  • GF Score™: 84/100 with 5 warning signs

No single metric tells the full story. See the WAR:1AT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


ATAL Business Description

Other Exchanges 1UY:Germany
Address ul. Stawowa 27, Cieszyn, POL, 43-400
ATAL SA is a residential property development company in Poland. It is engaged in the construction and sale of apartments in multi-family buildings. It also constructs single-family houses.
84GF Score

Get the complete analysis for WAR:1AT

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

zł57.30
Price
zł66.49
GF Value