KGHM Polska Miedz (XPRA:KGH) Cyclically Adjusted FCF per Share: Kč18.20 (As of Jun. 2026)

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XPRA:KGH KGHM Polska Miedz SA XPRA:KGH
92 GF Score
Price Kč1,923.60
GF Value Kč997.17
Valuation Significantly Overvalued
! 6 Warning Signs
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What is KGHM Polska Miedz Cyclically Adjusted FCF per Share?

KGHM Polska Miedz XPRA:KGH -4.23% 92 Cyclically Adjusted FCF per Share is Kč18.20 as of Jun. 2026. GuruFocus rates XPRA:KGH with a GF Score™ of 92/100 and a GF Value™ of Kč997.17 (Significantly Overvalued). The stock has 6 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.

KGHM Polska Miedz's adjusted free cash flow per share for the three months ended in Jun. 2026 was Kč19.588. 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 Kč18.20 for the trailing ten years ended in Jun. 2026.

During the past 12 months, KGHM Polska Miedz's average Cyclically Adjusted FCF Growth Rate was 12.10% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was -19.60% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was -21.80% 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 KGHM Polska Miedz was -4.00% per year. The lowest was -22.40% per year. And the median was -19.65% per year.

As of today (2026-09-03), KGHM Polska Miedz's current stock price is Kč1923.60. KGHM Polska Miedz's Cyclically Adjusted FCF per Share for the quarter that ended in Jun. 2026 was Kč18.20. KGHM Polska Miedz's Cyclically Adjusted Price-to-FCF of today is 105.69.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of KGHM Polska Miedz was 128.25. The lowest was 4.50. And the median was 19.71.


KGHM Polska Miedz  (XPRA:KGH) 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.

KGHM Polska Miedz's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=1923.60/18.20
=105.69

* 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 KGHM Polska Miedz was 128.25. The lowest was 4.50. And the median was 19.71.


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.


KGHM Polska Miedz Cyclically Adjusted FCF per Share Related Terms


KGHM Polska Miedz Cyclically Adjusted FCF per Share Historical Data

* Premium members only.

The historical data trend for KGHM Polska Miedz'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.

KGHM Polska Miedz Cyclically Adjusted FCF per Share Chart

KGHM Polska Miedz 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 39.02 26.23 29.86 22.04 15.95

KGHM Polska Miedz 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 16.74 15.11 15.95 16.06 18.20

XPRA:KGH vs SCCO, FCX: Cyclically Adjusted FCF per Share Comparison

For the Copper subindustry, KGHM Polska Miedz'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.


KGHM Polska Miedz Cyclically Adjusted Price-to-FCF vs Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, KGHM Polska Miedz's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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


XPRA:KGH
92GF Score
KGHM Polska Miedz SA XPRA:KGH
Cyclically Adjusted FCF per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

KGHM Polska Miedz 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, KGHM Polska Miedz'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)
=19.588/162.2800*162.2800
=19.588

Current CPI (Jun. 2026) = 162.2800.

KGHM Polska Miedz Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201609 7.154 99.064 11.719
201612 33.045 100.366 53.430
201703 -4.457 101.018 -7.160
201706 4.003 101.180 6.420
201709 -1.419 101.343 -2.272
201712 10.788 102.564 17.069
201803 -19.475 102.564 -30.814
201806 3.293 103.378 5.169
201809 12.747 103.378 20.010
201812 29.695 103.785 46.432
201903 -11.611 104.274 -18.070
201906 11.498 105.983 17.606
201909 -3.009 105.983 -4.607
201912 46.359 107.123 70.229
202003 -0.965 109.076 -1.436
202006 9.567 109.402 14.191
202009 12.207 109.320 18.121
202012 40.710 109.565 60.297
202103 2.527 112.658 3.640
202106 15.160 113.960 21.588
202109 -16.920 115.588 -23.755
202112 8.829 119.088 12.031
202203 17.374 125.031 22.550
202206 -29.212 131.705 -35.993
202209 -11.100 135.531 -13.291
202212 -24.415 139.113 -28.481
202303 8.829 145.950 9.817
202306 15.131 147.009 16.703
202309 -7.182 146.113 -7.977
202312 13.854 147.741 15.217
202403 -35.571 149.044 -38.730
202406 49.113 150.997 52.783
202409 -33.868 153.439 -35.819
202412 -14.904 154.660 -15.638
202503 -3.180 157.021 -3.287
202506 -15.671 157.509 -16.146
202509 -13.116 158.000 -13.471
202512 -11.696 158.320 -11.989
202603 -22.058 163.070 -21.951
202606 19.588 162.280 19.588

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 Kč18.20 mean?
KGHM Polska Miedz (XPRA:KGH) has a Cyclically Adjusted FCF per Share of Kč18.20 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 KGHM Polska Miedz and its competitors.
Is KGHM Polska Miedz's Cyclically Adjusted FCF per Share too high?
KGHM Polska Miedz's current Cyclically Adjusted FCF per Share is Kč18.20. Overall, KGHM Polska Miedz has a GF Score™ of 92/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does KGHM Polska Miedz's Cyclically Adjusted FCF per Share compare to SCCO and FCX?
KGHM Polska Miedz's Cyclically Adjusted FCF per Share of Kč18.20 can be compared against companies in the Metals & Mining 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 Metals & Mining company?
A good Cyclically Adjusted FCF per Share depends on the Metals & Mining 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 KGHM Polska Miedz and its competitors. KGHM Polska Miedz's current Cyclically Adjusted FCF per Share is Kč18.20. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is KGHM Polska Miedz stock overvalued right now?
Based on GuruFocus' analysis, KGHM Polska Miedz (XPRA:KGH) is currently considered Significantly Overvalued. The stock's GF Value™ is Kč997.17, compared to a current price of Kč1,923.60 — trading 92.9% above its estimated fair value. The current Cyclically Adjusted FCF per Share is Kč18.20. KGHM Polska Miedz's overall GF Score™ is 92/100 with 6 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 KGHM Polska Miedz (XPRA:KGH), the current Cyclically Adjusted FCF per Share is Kč18.20 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 KGHM Polska Miedz (XPRA:KGH) Overvalued in 2026?

Based on GuruFocus' analysis, KGHM Polska Miedz stock appears to be overvalued. The current stock price of Kč1,923.60 is trading 92.9% above its estimated GF Value™ of Kč997.17. GuruFocus considers KGHM Polska Miedz to be Significantly Overvalued.

Key valuation signals for XPRA:KGH:

  • Cyclically Adjusted FCF per Share: Kč18.20
  • GF Value™: Kč997.17 vs. price of Kč1,923.60 (92.9% above fair value)
  • GF Score™: 92/100 with 6 warning signs

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


KGHM Polska Miedz Business Description

Address 48 M.Sklodowskiej-Curie Street, Lubin, POL, 59-301
KGHM Polska Miedz SA engages in copper ore mining and copper production predominantly in South-Western Poland. The company also produces precious metals such as silver, which is typically used for coins, jewelry, photography products, and industrial purposes. The bulk of group revenue is generated through copper sales, and the remainder is through sales of silver, while a minor portion is generated through the production of gold, salt, and casting of light metals. The materials are sold domestically, and exported to Germany, China, the U.S., the United Kingdom, and the Czech Republic, among many other European nations.
92GF Score

Get the complete analysis for XPRA:KGH

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

Kč1,923.60
Price
Kč997.17
GF Value