Real Bulland JSC (XBUL:RBL) Cyclically Adjusted FCF per Share: €0.01 (As of Jun. 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.

XBUL:RBL Real Bulland JSC XBUL:RBL
62 GF Score
Price €0.78
GF Value €1.38
Valuation Significantly Undervalued
! 2 Warning Signs
View Full Analysis

What is Real Bulland JSC Cyclically Adjusted FCF per Share?

Real Bulland JSC XBUL:RBL 62 Cyclically Adjusted FCF per Share is €0.01 as of Jun. 2026. GuruFocus rates XBUL:RBL with a GF Score™ of 62/100 and a GF Value™ of €1.38 (Significantly Undervalued). The stock has 2 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.

Real Bulland JSC's adjusted free cash flow per share for the three months ended in Jun. 2026 was €-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 €0.01 for the trailing ten years ended in Jun. 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 (2026-08-11), Real Bulland JSC's current stock price is €0.78. Real Bulland JSC's Cyclically Adjusted FCF per Share for the quarter that ended in Jun. 2026 was €0.01. Real Bulland JSC's Cyclically Adjusted Price-to-FCF of today is 78.00.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Real Bulland JSC was 128.92. The lowest was 74.00. And the median was 75.00.


Real Bulland JSC  (XBUL:RBL) 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.

Real Bulland JSC's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=0.78/0.01
=78.00

* 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 Real Bulland JSC was 128.92. The lowest was 74.00. And the median was 75.00.


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.


Real Bulland JSC Cyclically Adjusted FCF per Share Related Terms


Real Bulland JSC Cyclically Adjusted FCF per Share Historical Data

* Premium members only.

The historical data trend for Real Bulland JSC'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.

Real Bulland JSC Cyclically Adjusted FCF per Share Chart

Real Bulland JSC 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 -0.03 -0.02 -0.01

Real Bulland JSC Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 -0.02 -0.02 -0.01 0.01 0.01

XBUL:RBL vs CBRE, BEKE, JLL: Cyclically Adjusted FCF per Share Comparison

For the Real Estate Services subindustry, Real Bulland JSC'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.


Real Bulland JSC Cyclically Adjusted Price-to-FCF vs Real Estate Industry

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

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


XBUL:RBL
62GF Score
Real Bulland JSC XBUL:RBL
Cyclically Adjusted FCF per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Real Bulland JSC 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, Real Bulland JSC's adjusted Free Cash Flow per Share data for the three months ended in Jun. 2026 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=-0.002/333.9520*333.9520
=-0.002

Current CPI (Jun. 2026) = 333.9520.

Real Bulland JSC Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201609 0.023 241.428 0.032
201612 -0.003 241.432 -0.004
201703 -0.002 243.801 -0.003
201706 0.008 244.955 0.011
201709 -0.005 246.819 -0.007
201712 -0.004 246.524 -0.005
201803 -0.007 249.554 -0.009
201806 -0.002 251.989 -0.003
201809 -0.001 252.439 -0.001
201812 -0.007 251.233 -0.009
201903 -0.004 254.202 -0.005
201906 -0.005 256.143 -0.007
201909 0.027 256.759 0.035
201912 0.006 256.974 0.008
202003 -0.008 258.115 -0.010
202006 -0.002 257.797 -0.003
202009 -0.001 260.280 -0.001
202012 -0.002 260.474 -0.003
202103 -0.005 264.877 -0.006
202106 0.031 271.696 0.038
202109 -0.046 274.310 -0.056
202112 -0.001 278.802 -0.001
202203 -0.002 287.504 -0.002
202206 0.008 296.311 0.009
202209 0.005 296.808 0.006
202212 0.034 296.797 0.038
202303 -0.005 301.836 -0.006
202306 0.008 305.109 0.009
202309 0.001 307.789 0.001
202312 -0.002 306.746 -0.002
202403 -0.004 312.332 -0.004
202406 0.001 314.175 0.001
202409 0.006 315.301 0.006
202412 0.002 315.605 0.002
202503 0.010 319.799 0.010
202506 -0.007 322.561 -0.007
202509 0.010 324.800 0.010
202512 0.005 324.054 0.005
202603 -0.004 330.213 -0.004
202606 -0.002 333.952 -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 €0.01 mean?
Real Bulland JSC (XBUL:RBL) has a Cyclically Adjusted FCF per Share of €0.01 as of Jun. 2026. Cyclically Adjusted FCF per Share represents the company's inflation-adjusted FCF per share over a 10-year period. View historical data on Real Bulland JSC and its competitors.
Is Real Bulland JSC's Cyclically Adjusted FCF per Share too high?
Real Bulland JSC's current Cyclically Adjusted FCF per Share is €0.01. Overall, Real Bulland JSC has a GF Score™ of 62/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Real Bulland JSC's Cyclically Adjusted FCF per Share compare to CBRE and BEKE?
Real Bulland JSC's Cyclically Adjusted FCF per Share of €0.01 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 Real Bulland JSC and its competitors. Real Bulland JSC's current Cyclically Adjusted FCF per Share is €0.01. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Real Bulland JSC stock overvalued right now?
Based on GuruFocus' analysis, Real Bulland JSC (XBUL:RBL) is currently considered Significantly Undervalued. The stock's GF Value™ is €1.38, compared to a current price of €0.78 — trading 43.5% below its estimated fair value. The current Cyclically Adjusted FCF per Share is €0.01. Real Bulland JSC's overall GF Score™ is 62/100 with 2 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 Real Bulland JSC (XBUL:RBL), the current Cyclically Adjusted FCF per Share is €0.01 as of Jun. 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 Real Bulland JSC (XBUL:RBL) Overvalued in 2026?

Based on GuruFocus' analysis, Real Bulland JSC stock appears to be undervalued. The current stock price of €0.78 is trading 43.5% below its estimated GF Value™ of €1.38. GuruFocus considers Real Bulland JSC to be Significantly Undervalued.

Key valuation signals for XBUL:RBL:

  • Cyclically Adjusted FCF per Share: €0.01
  • GF Value™: €1.38 vs. price of €0.78 (43.5% below fair value)
  • GF Score™: 62/100 with 2 warning signs

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


Real Bulland JSC Business Description

Address 19 Georg Washington Street, 1st Floor, Sofia, BGR, 1301
Real Bulland JSC is a real estate company. It is engaged in the acquisition of agricultural land, which is used for agricultural production for renting or leasing to agricultural producers as well as the selling of concentrated and consolidated land.
62GF Score

Get the complete analysis for XBUL:RBL

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

€0.78
Price
€1.38
GF Value