Zamet (WAR:ZMT) Cyclically Adjusted FCF per Share: zł0.07 (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:ZMT Zamet SA WAR:ZMT
55 GF Score
Price zł0.57
GF Value zł0.50
Valuation Modestly Overvalued
! 4 Warning Signs
View Full Analysis

What is Zamet Cyclically Adjusted FCF per Share?

Zamet WAR:ZMT 55 Cyclically Adjusted FCF per Share is zł0.07 as of Mar. 2026. GuruFocus rates WAR:ZMT with a GF Score™ of 55/100 and a GF Value™ of zł0.50 (Modestly Overvalued). The stock has 4 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.

Zamet's adjusted free cash flow per share for the three months ended in Mar. 2026 was zł-0.002. 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 zł0.07 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Zamet's average Cyclically Adjusted FCF Growth Rate was 16.70% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was -22.70% 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 Zamet was -22.70% per year. The lowest was -22.70% per year. And the median was -22.70% per year.

As of today (2026-07-30), Zamet's current stock price is zł0.568. Zamet's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2026 was zł0.07. Zamet's Cyclically Adjusted Price-to-FCF of today is 8.11.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Zamet was 24.25. The lowest was 6.00. And the median was 13.00.


Zamet  (WAR:ZMT) 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=0.568/0.07
=8.11

* 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 Zamet was 24.25. The lowest was 6.00. And the median was 13.00.


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.


Zamet Cyclically Adjusted FCF per Share Related Terms


Zamet Cyclically Adjusted FCF per Share Historical Data

* Premium members only.

The historical data trend for Zamet'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.

Zamet Cyclically Adjusted FCF per Share Chart

Zamet Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.13 0.07 0.09 0.06

Zamet Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 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 0.06 0.08 0.07 0.05 0.07

WAR:ZMT vs NUE, STLD, RS: Cyclically Adjusted FCF per Share Comparison

For the Steel subindustry, Zamet'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.


Zamet Cyclically Adjusted Price-to-FCF vs Steel Industry

For the Steel industry and Basic Materials sector, Zamet's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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


WAR:ZMT
55GF Score
Zamet SA WAR:ZMT
Cyclically Adjusted FCF per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Zamet 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, Zamet'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)
=-0.002/163.0700*163.0700
=-0.002

Current CPI (Mar. 2026) = 163.0700.

Zamet Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201603 0.376 98.983 0.619
201606 -0.318 99.552 -0.521
201609 0.144 99.064 0.237
201612 -0.038 100.366 -0.062
201703 -0.021 101.018 -0.034
201706 -0.022 101.180 -0.035
201709 -0.036 101.343 -0.058
201712 0.088 102.564 0.140
201803 0.108 102.564 0.172
201806 -0.053 103.378 -0.084
201809 -0.060 103.378 -0.095
201812 -0.075 103.785 -0.118
201903 0.051 104.274 0.080
201906 -0.019 105.983 -0.029
201909 -0.013 105.983 -0.020
201912 0.111 107.123 0.169
202003 0.096 109.076 0.144
202006 -0.036 109.402 -0.054
202009 0.162 109.320 0.242
202012 0.043 109.565 0.064
202103 -0.040 112.658 -0.058
202106 0.021 113.960 0.030
202109 0.019 115.588 0.027
202112 -0.018 119.088 -0.025
202203 -0.168 125.031 -0.219
202206 -0.050 131.705 -0.062
202209 -0.088 135.531 -0.106
202212 0.056 139.113 0.066
202303 -0.046 145.950 -0.051
202306 0.170 147.009 0.189
202309 0.181 146.113 0.202
202312 -0.164 147.741 -0.181
202403 0.147 149.044 0.161
202406 -0.081 150.997 -0.087
202409 -0.097 153.439 -0.103
202412 0.196 154.660 0.207
202503 -0.042 157.021 -0.044
202506 -0.095 157.509 -0.098
202509 0.071 158.000 0.073
202603 -0.002 163.070 -0.002

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 zł0.07 mean?
Zamet (WAR:ZMT) has a Cyclically Adjusted FCF per Share of zł0.07 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 Zamet and its competitors.
Is Zamet's Cyclically Adjusted FCF per Share too high?
Zamet's current Cyclically Adjusted FCF per Share is zł0.07. Overall, Zamet has a GF Score™ of 55/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Zamet's Cyclically Adjusted FCF per Share compare to NUE and STLD?
Zamet's Cyclically Adjusted FCF per Share of zł0.07 can be compared against companies in the Steel 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 Steel company?
A good Cyclically Adjusted FCF per Share depends on the Steel 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 Zamet and its competitors. Zamet's current Cyclically Adjusted FCF per Share is zł0.07. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Zamet stock overvalued right now?
Based on GuruFocus' analysis, Zamet (WAR:ZMT) is currently considered Modestly Overvalued. The stock's GF Value™ is zł0.50, compared to a current price of zł0.57 — trading 13.6% above its estimated fair value. The current Cyclically Adjusted FCF per Share is zł0.07. Zamet's overall GF Score™ is 55/100 with 4 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 Zamet (WAR:ZMT), the current Cyclically Adjusted FCF per Share is zł0.07 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 Zamet (WAR:ZMT) Overvalued in 2026?

Based on GuruFocus' analysis, Zamet stock appears to be overvalued. The current stock price of zł0.57 is trading 13.6% above its estimated GF Value™ of zł0.50. GuruFocus considers Zamet to be Modestly Overvalued.

Key valuation signals for WAR:ZMT:

  • Cyclically Adjusted FCF per Share: zł0.07
  • GF Value™: zł0.50 vs. price of zł0.57 (13.6% above fair value)
  • GF Score™: 55/100 with 4 warning signs

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


Zamet Business Description

Address R. Dmowskiego 38B, Piotrkow Trybunalski, POL, 97-300
Zamet SA is a Polish company, manufacturers of large-size steel structures and machinery and equipment for the industry. The company is engaged in the implementation of projects such as heavy steel elements for the oil industry, lifting and loading equipment and steel structure for the mining industry.
55GF Score

Get the complete analysis for WAR:ZMT

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

zł0.57
Price
zł0.50
GF Value