Energa (WAR:ENG) Cyclically Adjusted FCF per Share: zł-0.55 (As of Mar. 2026)


WAR:ENG Energa SA WAR:ENG
62 GF Score
Price zł18.94
GF Value zł11.92
Valuation Significantly Overvalued
! 5 Warning Signs
View Full Analysis

What is Energa Cyclically Adjusted FCF per Share?

Energa WAR:ENG -0.32% 62 Cyclically Adjusted FCF per Share is zł-0.55 as of Mar. 2026. GuruFocus rates WAR:ENG with a GF Score™ of 62/100 and a GF Value™ of zł11.92 (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.

Energa's adjusted free cash flow per share for the three months ended in Mar. 2026 was zł-2.144. 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-0.55 for the trailing ten years ended in Mar. 2026.

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 (2026-07-04), Energa's current stock price is zł18.94. Energa's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2026 was zł-0.55. Energa's Cyclically Adjusted Price-to-FCF of today is .

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Energa was 227.86. The lowest was 5.16. And the median was 8.22.


Energa  (WAR:ENG) 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 Energa was 227.86. The lowest was 5.16. And the median was 8.22.


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.


Energa Cyclically Adjusted FCF per Share Related Terms


Energa Cyclically Adjusted FCF per Share Historical Data

* Premium members only.

The historical data trend for Energa'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.

Energa Cyclically Adjusted FCF per Share Chart

Energa 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 0.96 0.99 0.05 -0.36 -0.53

Energa 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 -0.36 -0.25 -0.22 -0.53 -0.55

WAR:ENG vs NEE, SO, DUK: Cyclically Adjusted FCF per Share Comparison

For the Utilities - Regulated Electric subindustry, Energa'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.


Energa Cyclically Adjusted Price-to-FCF vs Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Energa's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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


WAR:ENG
62GF Score
Energa SA WAR:ENG
Cyclically Adjusted FCF per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Energa 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, Energa'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)
=-2.144/163.0700*163.0700
=-2.144

Current CPI (Mar. 2026) = 163.0700.

Energa Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201606 0.518 99.552 0.849
201609 0.437 99.064 0.719
201612 0.725 100.366 1.178
201703 -0.148 101.018 -0.239
201706 0.787 101.180 1.268
201709 0.825 101.343 1.327
201712 0.672 102.564 1.068
201803 0.141 102.564 0.224
201806 0.002 103.378 0.003
201809 0.210 103.378 0.331
201812 0.172 103.785 0.270
201903 -1.694 104.274 -2.649
201906 -0.014 105.983 -0.022
201909 0.171 105.983 0.263
201912 0.526 107.123 0.801
202003 -1.998 109.076 -2.987
202006 2.183 109.402 3.254
202009 1.567 109.320 2.337
202012 1.543 109.565 2.297
202103 1.019 112.658 1.475
202106 0.926 113.960 1.325
202109 0.630 115.588 0.889
202112 -0.219 119.088 -0.300
202203 0.483 125.031 0.630
202206 -0.267 131.705 -0.331
202209 -2.369 135.531 -2.850
202212 -0.763 139.113 -0.894
202303 -3.642 145.950 -4.069
202306 0.050 147.009 0.055
202309 0.315 146.113 0.352
202312 -5.422 147.741 -5.985
202403 -4.195 149.044 -4.590
202406 3.528 150.997 3.810
202409 -1.066 153.439 -1.133
202412 -0.491 154.660 -0.518
202503 -0.416 157.021 -0.432
202506 1.589 157.509 1.645
202509 0.062 158.000 0.064
202512 -2.814 158.320 -2.898
202603 -2.144 163.070 -2.144

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-0.55 mean?
Energa (WAR:ENG) has a Cyclically Adjusted FCF per Share of zł-0.55 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 Energa and its competitors.
Is Energa's Cyclically Adjusted FCF per Share too high?
Energa's current Cyclically Adjusted FCF per Share is zł-0.55. Overall, Energa has a GF Score™ of 62/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Energa's Cyclically Adjusted FCF per Share compare to NEE and SO?
Energa's Cyclically Adjusted FCF per Share of zł-0.55 can be compared against companies in the Utilities - Regulated 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 Utilities - Regulated company?
A good Cyclically Adjusted FCF per Share depends on the Utilities - Regulated 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 Energa and its competitors. Energa's current Cyclically Adjusted FCF per Share is zł-0.55. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Energa stock overvalued right now?
Based on GuruFocus' analysis, Energa (WAR:ENG) is currently considered Significantly Overvalued. The stock's GF Value™ is zł11.92, compared to a current price of zł18.94 — trading 58.9% above its estimated fair value. The current Cyclically Adjusted FCF per Share is zł-0.55. Energa's overall GF Score™ is 62/100 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 Energa (WAR:ENG), the current Cyclically Adjusted FCF per Share is zł-0.55 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 Energa (WAR:ENG) Overvalued in 2026?

Based on GuruFocus' analysis, Energa stock appears to be overvalued. The current stock price of zł18.94 is trading 58.9% above its estimated GF Value™ of zł11.92. GuruFocus considers Energa to be Significantly Overvalued.

Key valuation signals for WAR:ENG:

  • Cyclically Adjusted FCF per Share: zł-0.55
  • GF Value™: zł11.92 vs. price of zł18.94 (58.9% above fair value)
  • GF Score™: 62/100 with 5 warning signs

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


Energa Business Description

Address Al. Grunwaldzka 472, Gdansk, POL, 80-309
Energa SA is a Polish electric utility company of which the State Treasury of Poland is the majority shareholder. Energa SA is involved in the distribution, generation, and sale of electrical energy. The company segments its activities into Electricity Distribution, Generation, and Sales units. The Distribution division operates an electricity transmission system in Northern and Central Poland, where it is the sole distributor. Energa's Generation business controls a portfolio of coal, hydro, biomass, and wind power plants throughout the country. Coal-fired facilities account for a majority of the company's energy production. The majority of Energa's earnings are derived from the business of distributing electricity.
62GF Score

Get the complete analysis for WAR:ENG

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

zł18.94
Price
zł11.92
GF Value