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Atmos Energy (BSP:A1TM34) Cyclically Adjusted Price-to-FCF : (As of May. 01, 2024)


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What is Atmos Energy Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Atmos Energy Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Atmos Energy's Cyclically Adjusted Price-to-FCF 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.

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Atmos Energy Cyclically Adjusted Price-to-FCF Chart

Atmos Energy Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
Cyclically Adjusted Price-to-FCF
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Atmos Energy Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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Competitive Comparison of Atmos Energy's Cyclically Adjusted Price-to-FCF

For the Utilities - Regulated Gas subindustry, Atmos Energy'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.


Atmos Energy's Cyclically Adjusted Price-to-FCF Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Atmos Energy's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Atmos Energy Cyclically Adjusted Price-to-FCF Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted Price-to-FCF takes the Free Cash Flow per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/FCF calculation. Because it considers this 10-year average, it's often referred to as the CAPFCF Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF.

Atmos Energy's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, Atmos Energy's adjusted Free Cash Flow per Share data for the three months ended in Dec. 2023 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=-8.576/129.4194*129.4194
=-8.576

Current CPI (Dec. 2023) = 129.4194.

Atmos Energy Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 3.363 99.695 4.366
201406 -0.601 100.560 -0.773
201409 -1.954 100.428 -2.518
201412 -3.042 99.070 -3.974
201503 5.142 99.621 6.680
201506 -0.749 100.684 -0.963
201509 -3.852 100.392 -4.966
201512 -4.161 99.792 -5.396
201603 2.465 100.470 3.175
201606 -1.265 101.688 -1.610
201609 -2.054 101.861 -2.610
201612 -2.883 101.863 -3.663
201703 2.563 102.862 3.225
201706 -0.917 103.349 -1.148
201709 -2.983 104.136 -3.707
201712 -3.187 104.011 -3.966
201803 3.924 105.290 4.823
201806 -1.864 106.317 -2.269
201809 -5.318 106.507 -6.462
201812 -4.294 105.998 -5.243
201903 0.570 107.251 0.688
201906 -2.825 108.070 -3.383
201909 -5.749 108.329 -6.868
201912 -6.033 108.420 -7.201
202003 -0.084 108.902 -0.100
202006 -3.146 108.767 -3.743
202009 -8.431 109.815 -9.936
202012 -6.070 109.897 -7.148
202103 -42.498 111.754 -49.216
202106 -5.133 114.631 -5.795
202109 -10.774 115.734 -12.048
202112 -13.162 117.630 -14.481
202203 1.320 121.301 1.408
202206 -4.449 125.017 -4.606
202209 -12.441 125.227 -12.858
202212 -11.212 125.222 -11.588
202303 37.696 127.348 38.309
202306 -5.638 128.729 -5.668
202309 -8.043 129.860 -8.016
202312 -8.576 129.419 -8.576

Add all the adjusted free cash flow per share together and divide 10 will get our 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.


Atmos Energy  (BSP:A1TM34) Cyclically Adjusted Price-to-FCF Explanation

Compared with the regular Price-to-Free-Cash-Flow, which works poorly for cyclical businesses, the Cyclically Adjusted Price-to-FCF smoothed out the fluctuations of free cash flow during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted Price-to-FCF should give similar results to regular Price-to-Free-Cash-Flow.


Atmos Energy Cyclically Adjusted Price-to-FCF Related Terms

Thank you for viewing the detailed overview of Atmos Energy's Cyclically Adjusted Price-to-FCF provided by GuruFocus.com. Please click on the following links to see related term pages.


Atmos Energy (BSP:A1TM34) Business Description

Traded in Other Exchanges
Address
5430 LBJ Freeway, Suite 1800, Three Lincoln Centre, Dallas, TX, USA, 75240
Atmos Energy is the largest publicly traded, fully regulated, pure-play natural gas utility in the United States, serving more than 3 million customers in Texas, Colorado, Kansas, Kentucky, Louisiana, Mississippi, Tennessee, and Virginia. About two thirds of its earnings come from Texas, where it distributes natural gas in northern Texas and owns an intrastate gas pipeline spanning several key shale gas formations and interconnected with five storage facilities.

Atmos Energy (BSP:A1TM34) Headlines

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