CSSV (Caspian Services) Cyclically Adjusted Price-to-FCF: (As of Jul. 31, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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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.

What is Caspian Services Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Caspian Services  (OTCPK:CSSV) 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.


Caspian Services Cyclically Adjusted Price-to-FCF Related Terms


Caspian Services Cyclically Adjusted Price-to-FCF Historical Data

* Premium members only.

The historical data trend for Caspian Services'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.

Caspian Services Cyclically Adjusted Price-to-FCF Chart

Caspian Services Annual Data
Trend Sep06 Sep07 Sep08 Sep09 Sep10 Sep11 Sep12 Sep13 Sep14 Sep15
Cyclically Adjusted Price-to-FCF
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Caspian Services Quarterly Data
Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16
Cyclically Adjusted Price-to-FCF 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 0.00 0.00 0.00 0.00 0.00

CSSV vs GLRI, TIRTZ, GLFH: Cyclically Adjusted Price-to-FCF Comparison

For the Oil & Gas Equipment & Services subindustry, Caspian Services'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.


Caspian Services Cyclically Adjusted Price-to-FCF vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Caspian Services's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Caspian Services 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.

Caspian Services's Cyclically Adjusted FCF per Share for the quarter that ended in Jun. 2016 is calculated as:

For example, Caspian Services's adjusted Free Cash Flow per Share data for the three months ended in Jun. 2016 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Jun. 2016 (Change)*Current CPI (Jun. 2016)
=-0.01/241.0180*241.0180
=-0.010

Current CPI (Jun. 2016) = 241.0180.

Caspian Services Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
200609 -0.041 202.900 -0.049
200612 0.091 201.800 0.109
200703 -0.148 205.352 -0.174
200706 -0.047 208.352 -0.054
200709 -0.133 208.490 -0.154
200712 -0.118 210.036 -0.135
200803 -0.179 213.528 -0.202
200806 -0.121 218.815 -0.133
200809 -0.339 218.783 -0.373
200812 -0.044 210.228 -0.050
200903 -0.149 212.709 -0.169
200906 0.110 215.693 0.123
200909 -0.091 215.969 -0.102
200912 -0.070 215.949 -0.078
201003 -0.070 217.631 -0.078
201006 -0.084 217.965 -0.093
201009 -0.073 218.439 -0.081
201012 0.011 219.179 0.012
201103 0.106 223.467 0.114
201106 -0.060 225.722 -0.064
201109 0.077 226.889 0.082
201112 0.010 225.672 0.011
201203 0.026 229.392 0.027
201206 -0.054 229.478 -0.057
201209 0.009 231.407 0.009
201212 -0.046 229.601 -0.048
201303 -0.041 232.773 -0.042
201306 -0.010 233.504 -0.010
201309 0.070 234.149 0.072
201312 0.032 233.049 0.033
201403 0.041 236.293 0.042
201406 -0.024 238.343 -0.024
201409 -0.006 238.031 -0.006
201412 0.056 234.812 0.057
201503 0.007 236.119 0.007
201506 -0.022 238.638 -0.022
201509 -0.013 237.945 -0.013
201512 -0.011 236.525 -0.011
201603 0.031 238.132 0.031
201606 -0.010 241.018 -0.010

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.


Caspian Services Business Description

Industry EnergyOil & Gas
Address 2319 Foothill Drive, Suite 160, Salt Lake City, UT, USA, 84109
Caspian Services Inc provides oilfield services to oil & gas industry in Kazakhstan. The company operates in three reportable segments including Vessel operations, Geophysical services, and Marine base services. Vessel operations consist of chartering a fleet of shallow draft offshore support vessels to customers performing oil and gas exploration activities in the Caspian Sea. Geophysical services consist of providing seismic data acquisition services to oil and gas companies operating onshore in Kazakhstan. Marine base service consists of operating a marine base with a boat repair and drydocking services yard located at the port of Bautino on the North Caspian Sea. It generates the majority of the revenue from Vessel operations segment.