CI Games SE (WAR:CIG) Cyclically Adjusted FCF per Share: zł-0.07 (As of Mar. 2026)

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WAR:CIG CI Games SE WAR:CIG
84 GF Score
Price zł2.38
GF Value zł2.00
Valuation Modestly Overvalued
! 8 Warning Signs
View Full Analysis

What is CI Games SE Cyclically Adjusted FCF per Share?

CI Games SE WAR:CIG +2.15% 84 Cyclically Adjusted FCF per Share is zł-0.07 as of Mar. 2026. GuruFocus rates WAR:CIG with a GF Score™ of 84/100 and a GF Value™ of zł2.00 (Modestly Overvalued). The stock has 8 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.

CI Games SE's adjusted free cash flow per share for the three months ended in Mar. 2026 was zł0.005. 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 zł-0.07 for the trailing ten years ended in Mar. 2026.

During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was -10.10% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was -14.80% 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 CI Games SE was -10.10% per year. The lowest was -58.70% per year. And the median was -20.50% per year.

As of today (2026-07-17), CI Games SE's current stock price is zł2.38. CI Games SE's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2026 was zł-0.07. CI Games SE's Cyclically Adjusted Price-to-FCF of today is .


CI Games SE  (WAR:CIG) 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.


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.


CI Games SE Cyclically Adjusted FCF per Share Related Terms


CI Games SE Cyclically Adjusted FCF per Share Historical Data

* Premium members only.

The historical data trend for CI Games SE'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.

CI Games SE Cyclically Adjusted FCF per Share Chart

CI Games SE 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 -0.04 -0.06 -0.07 -0.06 -0.08

CI Games SE 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 -0.07 -0.07 -0.07 -0.08 -0.07

WAR:CIG vs NTES, EA, TTWO: Cyclically Adjusted FCF per Share Comparison

For the Electronic Gaming & Multimedia subindustry, CI Games SE'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.


CI Games SE Cyclically Adjusted Price-to-FCF vs Interactive Media Industry

For the Interactive Media industry and Communication Services sector, CI Games SE's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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


WAR:CIG
84GF Score
CI Games SE WAR:CIG
Cyclically Adjusted FCF per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

CI Games SE 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, CI Games SE'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)
=0.005/163.0700*163.0700
=0.005

Current CPI (Mar. 2026) = 163.0700.

CI Games SE Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201606 -0.029 99.552 -0.048
201609 -0.066 99.064 -0.109
201612 -0.034 100.366 -0.055
201703 -0.180 101.018 -0.291
201706 0.178 101.180 0.287
201709 0.078 101.343 0.126
201712 0.002 102.564 0.003
201803 -0.024 102.564 -0.038
201806 -0.010 103.378 -0.016
201809 -0.033 103.378 -0.052
201812 -0.050 103.785 -0.079
201903 -0.053 104.274 -0.083
201906 -0.043 105.983 -0.066
201909 -0.036 105.983 -0.055
201912 -0.011 107.123 -0.017
202003 0.082 109.076 0.123
202006 0.014 109.402 0.021
202009 0.013 109.320 0.019
202012 0.003 109.565 0.004
202103 -0.009 112.658 -0.013
202106 -0.026 113.960 -0.037
202109 0.126 115.588 0.178
202112 -0.038 119.088 -0.052
202203 -0.018 125.031 -0.023
202206 -0.087 131.705 -0.108
202209 -0.055 135.531 -0.066
202212 -0.098 139.113 -0.115
202303 -0.074 145.950 -0.083
202306 -0.092 147.009 -0.102
202309 -0.074 146.113 -0.083
202312 0.168 147.741 0.185
202403 0.090 149.044 0.098
202406 -0.101 150.997 -0.109
202409 0.190 153.439 0.202
202412 -0.061 154.660 -0.064
202503 -0.021 157.021 -0.022
202506 -0.015 157.509 -0.016
202509 -0.077 158.000 -0.079
202512 -0.087 158.320 -0.090
202603 0.005 163.070 0.005

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 zł-0.07 mean?
CI Games SE (WAR:CIG) has a Cyclically Adjusted FCF per Share of zł-0.07 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 CI Games SE and its competitors.
Is CI Games SE's Cyclically Adjusted FCF per Share too high?
CI Games SE's current Cyclically Adjusted FCF per Share is zł-0.07. Overall, CI Games SE has a GF Score™ of 84/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does CI Games SE's Cyclically Adjusted FCF per Share compare to NTES and EA?
CI Games SE's Cyclically Adjusted FCF per Share of zł-0.07 can be compared against companies in the Interactive Media 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 an Interactive Media company?
A good Cyclically Adjusted FCF per Share depends on the Interactive Media 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 CI Games SE and its competitors. CI Games SE's current Cyclically Adjusted FCF per Share is zł-0.07. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is CI Games SE stock overvalued right now?
Based on GuruFocus' analysis, CI Games SE (WAR:CIG) is currently considered Modestly Overvalued. The stock's GF Value™ is zł2.00, compared to a current price of zł2.38 — trading 19% above its estimated fair value. The current Cyclically Adjusted FCF per Share is zł-0.07. CI Games SE's overall GF Score™ is 84/100 with 8 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 CI Games SE (WAR:CIG), the current Cyclically Adjusted FCF per Share is zł-0.07 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 CI Games SE (WAR:CIG) Overvalued in 2026?

Based on GuruFocus' analysis, CI Games SE stock appears to be overvalued. The current stock price of zł2.38 is trading 19% above its estimated GF Value™ of zł2.00. GuruFocus considers CI Games SE to be Modestly Overvalued.

Key valuation signals for WAR:CIG:

  • Cyclically Adjusted FCF per Share: zł-0.07
  • GF Value™: zł2.00 vs. price of zł2.38 (19% above fair value)
  • GF Score™: 84/100 with 8 warning signs

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


CI Games SE Business Description

Other Exchanges CIGMF:USACI7:Germany
Address Rondo Daszyńskiego 2B, Warszawa, POL, 00-843
CI Games SE is engaged in developing, producing, publishing, and distributing computer games. The company offers various games including Sniper Ghost Warrior, Alien Fear, Dogfight 1942, Farm Frenzy and Enemy Front among others.
84GF Score

Get the complete analysis for WAR:CIG

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

zł2.38
Price
zł2.00
GF Value