ZONNF (Nos Sgps) Cyclically Adjusted FCF per Share: $0.46 (As of Mar. 2026)


ZONNF Nos Sgps SA ZONNF
67 GF Score
Price $6.00
GF Value $3.69
Valuation Significantly Overvalued
! 2 Warning Signs
View Full Analysis

What is Nos Sgps Cyclically Adjusted FCF per Share?

Nos Sgps ZONNF -14.16% 67 Cyclically Adjusted FCF per Share is $0.46 as of Mar. 2026. GuruFocus rates ZONNF with a GF Score™ of 67/100 and a GF Value™ of $3.69 (Significantly Overvalued). 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.

Nos Sgps's adjusted free cash flow per share for the three months ended in Mar. 2026 was $0.295. 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 $0.46 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Nos Sgps's average Cyclically Adjusted FCF Growth Rate was 13.60% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 12.20% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 12.80% 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 Nos Sgps was 12.20% per year. The lowest was 9.30% per year. And the median was 11.00% per year.

As of today (2026-07-09), Nos Sgps's current stock price is $6.00. Nos Sgps's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2026 was $0.46. Nos Sgps's Cyclically Adjusted Price-to-FCF of today is 13.04.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Nos Sgps was 25.44. The lowest was 7.76. And the median was 11.33.


Nos Sgps  (OTCPK:ZONNF) 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=6.00/0.46
=13.04

* 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 Nos Sgps was 25.44. The lowest was 7.76. And the median was 11.33.


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.


Nos Sgps Cyclically Adjusted FCF per Share Related Terms


Nos Sgps Cyclically Adjusted FCF per Share Historical Data

* Premium members only.

The historical data trend for Nos Sgps'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.

Nos Sgps Cyclically Adjusted FCF per Share Chart

Nos Sgps 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 0.55 0.33 0.42 0.44 0.51

Nos Sgps Quarterly Data
Jun21 Sep21 Dec21 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 0.36 0.48 0.49 0.51 0.46

ZONNF vs TMUS, VZ, T: Cyclically Adjusted FCF per Share Comparison

For the Telecom Services subindustry, Nos Sgps'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.


Nos Sgps Cyclically Adjusted Price-to-FCF vs Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, Nos Sgps's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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


ZONNF
67GF Score
Nos Sgps SA ZONNF
Cyclically Adjusted FCF per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Nos Sgps 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, Nos Sgps'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)
=0.295/125.9400*125.9400
=0.295

Current CPI (Mar. 2026) = 125.9400.

Nos Sgps Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201606 0.038 101.319 0.047
201609 0.061 101.122 0.076
201612 0.038 100.998 0.047
201703 0.082 101.924 0.101
201706 0.108 102.240 0.133
201709 0.100 102.527 0.123
201712 0.013 102.479 0.016
201803 0.137 102.626 0.168
201806 0.164 103.790 0.199
201809 0.240 103.960 0.291
201812 0.041 103.159 0.050
201903 0.134 103.495 0.163
201906 0.173 104.192 0.209
201909 0.136 103.844 0.165
201912 0.057 103.592 0.069
202003 0.115 103.544 0.140
202006 0.166 104.323 0.200
202009 0.167 103.699 0.203
202012 0.007 103.354 0.009
202103 0.108 104.014 0.131
202106 0.134 104.852 0.161
202109 0.084 105.232 0.101
202112 -0.246 106.191 -0.292
202203 0.063 109.559 0.072
202206 0.117 114.003 0.129
202209 0.083 114.999 0.091
202212 0.087 116.377 0.094
202303 0.134 117.701 0.143
202306 0.142 117.872 0.152
202309 0.138 119.111 0.146
202312 0.172 118.032 0.184
202403 0.249 120.396 0.260
202406 0.228 121.165 0.237
202409 0.336 121.574 0.348
202412 0.139 121.585 0.144
202503 0.252 122.624 0.259
202506 0.179 124.042 0.182
202509 0.209 124.490 0.211
202512 0.257 124.240 0.261
202603 0.295 125.940 0.295

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 $0.46 mean?
Nos Sgps (ZONNF) has a Cyclically Adjusted FCF per Share of $0.46 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 Nos Sgps and its competitors.
Is Nos Sgps' Cyclically Adjusted FCF per Share too high?
Nos Sgps' current Cyclically Adjusted FCF per Share is $0.46. Overall, Nos Sgps has a GF Score™ of 67/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Nos Sgps' Cyclically Adjusted FCF per Share compare to TMUS and VZ?
Nos Sgps' Cyclically Adjusted FCF per Share of $0.46 can be compared against companies in the Telecommunication Services 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 Telecommunication Services company?
A good Cyclically Adjusted FCF per Share depends on the Telecommunication Services 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 Nos Sgps and its competitors. Nos Sgps's current Cyclically Adjusted FCF per Share is $0.46. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nos Sgps stock overvalued right now?
Based on GuruFocus' analysis, Nos Sgps (ZONNF) is currently considered Significantly Overvalued. The stock's GF Value™ is $3.69, compared to a current price of $6.00 — trading 62.6% above its estimated fair value. The current Cyclically Adjusted FCF per Share is $0.46. Nos Sgps' overall GF Score™ is 67/100 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 Nos Sgps (ZONNF), the current Cyclically Adjusted FCF per Share is $0.46 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 Nos Sgps (ZONNF) Overvalued in 2026?

Based on GuruFocus' analysis, Nos Sgps stock appears to be overvalued. The current stock price of $6.00 is trading 62.6% above its estimated GF Value™ of $3.69. GuruFocus considers Nos Sgps to be Significantly Overvalued.

Key valuation signals for ZONNF:

  • Cyclically Adjusted FCF per Share: $0.46
  • GF Value™: $3.69 vs. price of $6.00 (62.6% above fair value)
  • GF Score™: 67/100 with 2 warning signs

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


Nos Sgps Business Description

Address Rua Actor Antonio Silva, No. 9, Campo Grande, Campo Grande, Lisboa, PRT, 1600-404
Nos Sgps SA is a group operating in communications, technology, and entertainment in Portugal. It provides fixed and mobile telecommunications services, internet, voice and data solutions, as well as cinema and audiovisual services. Its operations span telecommunications, information technology, and related businesses, offering digital and connectivity services to customers in Portugal. The company's business segments are: Telco, IT and Audiovisuals & Cinema. The majority of the company's revenue is derived from the Telco segment, which includes TV, Internet (fixed and mobile) and voice (fixed and mobile) services rendered.
67GF Score

Get the complete analysis for ZONNF

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

$6.00
Price
$3.69
GF Value