Arena Hospitality Group DD (ZAG:ARNT) Cyclically Adjusted FCF per Share: €-2.91 (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.

ZAG:ARNT Arena Hospitality Group DD ZAG:ARNT
66 GF Score
Price €38.60
GF Value €36.37
Valuation Fairly Valued
! 4 Warning Signs
View Full Analysis

What is Arena Hospitality Group DD Cyclically Adjusted FCF per Share?

Arena Hospitality Group DD ZAG:ARNT 66 Cyclically Adjusted FCF per Share is €-2.91 as of Jun. 2026. GuruFocus rates ZAG:ARNT with a GF Score™ of 66/100 and a GF Value™ of €36.37 (Fairly Valued). 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.

Arena Hospitality Group DD's adjusted free cash flow per share for the three months ended in Jun. 2026 was €1.931. 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 €-2.91 for the trailing ten years ended in Jun. 2026.

During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 6.90% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 7.40% 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 Arena Hospitality Group DD was 10.50% per year. The lowest was 4.00% per year. And the median was 6.90% per year.

As of today (2026-08-14), Arena Hospitality Group DD's current stock price is €38.60. Arena Hospitality Group DD's Cyclically Adjusted FCF per Share for the quarter that ended in Jun. 2026 was €-2.91. Arena Hospitality Group DD's Cyclically Adjusted Price-to-FCF of today is .


Arena Hospitality Group DD  (ZAG:ARNT) 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.


Arena Hospitality Group DD Cyclically Adjusted FCF per Share Related Terms


Arena Hospitality Group DD Cyclically Adjusted FCF per Share Historical Data

* Premium members only.

The historical data trend for Arena Hospitality Group DD'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.

Arena Hospitality Group DD Cyclically Adjusted FCF per Share Chart

Arena Hospitality Group DD 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 -4.69 -4.11 -4.12 -3.36 -3.32

Arena Hospitality Group DD 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 -2.97 -3.27 -3.32 -3.30 -2.91

ZAG:ARNT vs MAR, HLT, H: Cyclically Adjusted FCF per Share Comparison

For the Lodging subindustry, Arena Hospitality Group DD'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.


Arena Hospitality Group DD Cyclically Adjusted Price-to-FCF vs Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Arena Hospitality Group DD's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Arena Hospitality Group DD's Cyclically Adjusted Price-to-FCF falls into.


ZAG:ARNT
66GF Score
Arena Hospitality Group DD ZAG:ARNT
Cyclically Adjusted FCF per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Arena Hospitality Group DD 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, Arena Hospitality Group DD'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)
=1.931/333.9520*333.9520
=1.931

Current CPI (Jun. 2026) = 333.9520.

Arena Hospitality Group DD Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201609 10.113 241.428 13.989
201612 -2.781 241.432 -3.847
201703 -27.371 243.801 -37.492
201706 -0.177 244.955 -0.241
201709 4.025 246.819 5.446
201712 -0.547 246.524 -0.741
201803 -1.102 249.554 -1.475
201806 -1.586 251.989 -2.102
201809 4.006 252.439 5.300
201812 -1.510 251.233 -2.007
201903 -1.620 254.202 -2.128
201906 -1.602 256.143 -2.089
201909 2.698 256.759 3.509
201912 -1.040 256.974 -1.352
202003 -2.912 258.115 -3.768
202006 -2.894 257.797 -3.749
202009 -0.580 260.280 -0.744
202012 -1.362 260.474 -1.746
202103 -1.387 264.877 -1.749
202106 -1.992 271.696 -2.448
202109 4.234 274.310 5.155
202112 -2.832 278.802 -3.392
202203 -1.781 287.504 -2.069
202206 -1.053 296.311 -1.187
202209 4.692 296.808 5.279
202212 -2.598 296.797 -2.923
202303 -3.120 301.836 -3.452
202306 -0.032 305.109 -0.035
202309 6.312 307.789 6.849
202312 -1.752 306.746 -1.907
202403 -1.517 312.332 -1.622
202406 1.361 314.175 1.447
202409 6.011 315.301 6.367
202412 -2.119 315.605 -2.242
202503 -1.324 319.799 -1.383
202506 0.901 322.561 0.933
202509 5.989 324.800 6.158
202512 -2.563 324.054 -2.641
202603 -0.925 330.213 -0.935
202606 1.931 333.952 1.931

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 €-2.91 mean?
Arena Hospitality Group DD (ZAG:ARNT) has a Cyclically Adjusted FCF per Share of €-2.91 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 Arena Hospitality Group DD and its competitors.
Is Arena Hospitality Group DD's Cyclically Adjusted FCF per Share too high?
Arena Hospitality Group DD's current Cyclically Adjusted FCF per Share is €-2.91. Overall, Arena Hospitality Group DD has a GF Score™ of 66/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Arena Hospitality Group DD's Cyclically Adjusted FCF per Share compare to MAR and HLT?
Arena Hospitality Group DD's Cyclically Adjusted FCF per Share of €-2.91 can be compared against companies in the Travel & Leisure 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 Travel & Leisure company?
A good Cyclically Adjusted FCF per Share depends on the Travel & Leisure 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 Arena Hospitality Group DD and its competitors. Arena Hospitality Group DD's current Cyclically Adjusted FCF per Share is €-2.91. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Arena Hospitality Group DD stock overvalued right now?
Based on GuruFocus' analysis, Arena Hospitality Group DD (ZAG:ARNT) is currently considered Fairly Valued. The stock's GF Value™ is €36.37, compared to a current price of €38.60 — trading 6.1% above its estimated fair value. The current Cyclically Adjusted FCF per Share is €-2.91. Arena Hospitality Group DD's overall GF Score™ is 66/100 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 Arena Hospitality Group DD (ZAG:ARNT), the current Cyclically Adjusted FCF per Share is €-2.91 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 Arena Hospitality Group DD (ZAG:ARNT) Overvalued in 2026?

Based on GuruFocus' analysis, Arena Hospitality Group DD stock appears to be overvalued. The current stock price of €38.60 is trading 6.1% above its estimated GF Value™ of €36.37. GuruFocus considers Arena Hospitality Group DD to be Fairly Valued.

Key valuation signals for ZAG:ARNT:

  • Cyclically Adjusted FCF per Share: €-2.91
  • GF Value™: €36.37 vs. price of €38.60 (6.1% above fair value)
  • GF Score™: 66/100 with 4 warning signs

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


Arena Hospitality Group DD Business Description

Address Smareglina ulica 3, Pula, HRV, 52100
Arena Hospitality Group DD is principally engaged in the tourist industry. The company is a part of the hospitality group operating hotels under the brand Park Plaza. Its presence can be seen across the region of Croatia, Germany, Hungary, and Serbia. Its operating segments are Hotels, Resorts, Self-catering holiday apartments and complexes, Campsites, and Central Services. The firm generates the majority of its revenue from the Hotels business segment.
66GF Score

Get the complete analysis for ZAG:ARNT

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

€38.60
Price
€36.37
GF Value