Vivid Games (WAR:VVD) Cyclically Adjusted FCF per Share: zł-0.14 (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:VVD Vivid Games SA WAR:VVD
39 GF Score
Price zł0.56
GF Value zł0.19
Valuation Significantly Overvalued
! 5 Warning Signs
View Full Analysis

What is Vivid Games Cyclically Adjusted FCF per Share?

Vivid Games WAR:VVD +2.56% 39 Cyclically Adjusted FCF per Share is zł-0.14 as of Mar. 2026. GuruFocus rates WAR:VVD with a GF Score™ of 39/100 and a GF Value™ of zł0.19 (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.

Vivid Games's adjusted free cash flow per share for the three months ended in Mar. 2026 was zł-0.040. 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-0.14 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 (2026-07-22), Vivid Games's current stock price is zł0.56. Vivid Games's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2026 was zł-0.14. Vivid Games's Cyclically Adjusted Price-to-FCF of today is .


Vivid Games  (WAR:VVD) 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.


Vivid Games Cyclically Adjusted FCF per Share Related Terms


Vivid Games Cyclically Adjusted FCF per Share Historical Data

* Premium members only.

The historical data trend for Vivid Games'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.

Vivid Games Cyclically Adjusted FCF per Share Chart

Vivid Games Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 -0.15 -0.15 -0.17 -0.15

Vivid Games Quarterly Data
Mar21 Jun21 Sep21 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 -0.17 -0.18 -0.15 -0.15 -0.14

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

For the Electronic Gaming & Multimedia subindustry, Vivid Games'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.


Vivid Games Cyclically Adjusted Price-to-FCF vs Interactive Media Industry

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

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


WAR:VVD
39GF Score
Vivid Games SA WAR:VVD
Cyclically Adjusted FCF per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Vivid Games 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, Vivid Games'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)
=-0.04/163.0700*163.0700
=-0.040

Current CPI (Mar. 2026) = 163.0700.

Vivid Games Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201603 -0.090 98.983 -0.148
201606 -0.081 99.552 -0.133
201609 -0.034 99.064 -0.056
201612 -0.098 100.366 -0.159
201703 -0.053 101.018 -0.086
201706 -0.008 101.180 -0.013
201709 -0.038 101.343 -0.061
201712 -0.077 102.564 -0.122
201803 -0.066 102.564 -0.105
201806 -0.055 103.378 -0.087
201809 -0.052 103.378 -0.082
201812 0.000 103.785 0.000
201903 -0.031 104.274 -0.048
201906 -0.030 105.983 -0.046
201909 -0.027 105.983 -0.042
201912 0.003 107.123 0.005
202003 0.015 109.076 0.022
202006 0.079 109.402 0.118
202009 0.023 109.320 0.034
202012 -0.013 109.565 -0.019
202103 -0.006 112.658 -0.009
202106 -0.018 113.960 -0.026
202109 0.013 115.588 0.018
202203 -0.003 125.031 -0.004
202206 0.051 131.705 0.063
202209 0.036 135.531 0.043
202212 -0.136 139.113 -0.159
202303 -0.019 145.950 -0.021
202306 0.002 147.009 0.002
202309 -0.003 146.113 -0.003
202312 -0.008 147.741 -0.009
202403 -0.021 149.044 -0.023
202406 -0.015 150.997 -0.016
202409 -0.016 153.439 -0.017
202412 -0.031 154.660 -0.033
202503 -0.014 157.021 -0.015
202506 -0.026 157.509 -0.027
202509 -0.030 158.000 -0.031
202512 -0.032 158.320 -0.033
202603 -0.040 163.070 -0.040

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-0.14 mean?
Vivid Games (WAR:VVD) has a Cyclically Adjusted FCF per Share of zł-0.14 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 Vivid Games and its competitors.
Is Vivid Games' Cyclically Adjusted FCF per Share too high?
Vivid Games' current Cyclically Adjusted FCF per Share is zł-0.14. Overall, Vivid Games has a GF Score™ of 39/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Vivid Games' Cyclically Adjusted FCF per Share compare to NTES and EA?
Vivid Games' Cyclically Adjusted FCF per Share of zł-0.14 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 Vivid Games and its competitors. Vivid Games's current Cyclically Adjusted FCF per Share is zł-0.14. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Vivid Games stock overvalued right now?
Based on GuruFocus' analysis, Vivid Games (WAR:VVD) is currently considered Significantly Overvalued. The stock's GF Value™ is zł0.19, compared to a current price of zł0.56 — trading 194.7% above its estimated fair value. The current Cyclically Adjusted FCF per Share is zł-0.14. Vivid Games' overall GF Score™ is 39/100 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 Vivid Games (WAR:VVD), the current Cyclically Adjusted FCF per Share is zł-0.14 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 Vivid Games (WAR:VVD) Overvalued in 2026?

Based on GuruFocus' analysis, Vivid Games stock appears to be overvalued. The current stock price of zł0.56 is trading 194.7% above its estimated GF Value™ of zł0.19. GuruFocus considers Vivid Games to be Significantly Overvalued.

Key valuation signals for WAR:VVD:

  • Cyclically Adjusted FCF per Share: zł-0.14
  • GF Value™: zł0.19 vs. price of zł0.56 (194.7% above fair value)
  • GF Score™: 39/100 with 5 warning signs

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


Vivid Games Business Description

Address Gdansk 160, Bydgoszcz, POL, 85674
Vivid Games SA is a leading mobile games development studio in Poland. The company produces top-notch mobile entertainment. It also designs and develops games for Android, iOS, PSP Minis, Mobile, NDS, MAC, PC and DSi operating systems.
39GF Score

Get the complete analysis for WAR:VVD

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

zł0.56
Price
zł0.19
GF Value