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Forbes Energy Services (Forbes Energy Services) Cyclically Adjusted Price-to-FCF : (As of May. 06, 2024)


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What is Forbes Energy Services Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Forbes Energy Services Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Forbes Energy 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.

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Forbes Energy Services Cyclically Adjusted Price-to-FCF Chart

Forbes Energy Services Annual Data
Trend Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19
Cyclically Adjusted Price-to-FCF
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Forbes Energy Services Quarterly Data
Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20
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Competitive Comparison of Forbes Energy Services's Cyclically Adjusted Price-to-FCF

For the Oil & Gas Equipment & Services subindustry, Forbes Energy 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.


Forbes Energy Services's Cyclically Adjusted Price-to-FCF Distribution in the Oil & Gas Industry

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

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



Forbes Energy 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.

Forbes Energy Services's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2020 is calculated as:

For example, Forbes Energy Services's adjusted Free Cash Flow per Share data for the three months ended in Mar. 2020 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Mar. 2020 (Change)*Current CPI (Mar. 2020)
=0.69/108.9015*108.9015
=0.690

Current CPI (Mar. 2020) = 108.9015.

Forbes Energy Services Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201006 -0.082 91.962 -0.097
201009 0.318 92.162 0.376
201012 0.223 92.474 0.263
201103 -0.062 94.283 -0.072
201106 -2.165 95.235 -2.476
201109 -0.120 95.727 -0.137
201112 -0.116 95.213 -0.133
201203 -1.095 96.783 -1.232
201206 -0.583 96.819 -0.656
201209 0.132 97.633 0.147
201212 -0.071 96.871 -0.080
201303 0.693 98.209 0.768
201306 -0.133 98.518 -0.147
201309 0.290 98.790 0.320
201312 -0.203 98.326 -0.225
201403 -0.018 99.695 -0.020
201406 -0.283 100.560 -0.306
201409 0.744 100.428 0.807
201412 -0.014 99.070 -0.015
201503 0.883 99.621 0.965
201506 0.273 100.684 0.295
201509 0.525 100.392 0.570
201512 -0.449 99.792 -0.490
201603 0.200 100.470 0.217
201606 -0.380 101.688 -0.407
201609 -0.261 101.861 -0.279
201612 -0.588 101.863 -0.629
201703 -0.169 102.862 -0.179
201706 -0.814 103.349 -0.858
201709 -1.599 104.136 -1.672
201712 -1.248 104.011 -1.307
201803 -0.393 105.290 -0.406
201806 -1.859 106.317 -1.904
201809 -0.901 106.507 -0.921
201812 -0.895 105.998 -0.920
201903 -1.467 107.251 -1.490
201906 -1.163 108.070 -1.172
201909 1.997 108.329 2.008
201912 -0.019 108.420 -0.019
202003 0.690 108.902 0.690

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.


Forbes Energy Services  (OTCPK:FLSS) 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.


Forbes Energy Services Cyclically Adjusted Price-to-FCF Related Terms

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


Forbes Energy Services (Forbes Energy Services) Business Description

Industry
Traded in Other Exchanges
N/A
Address
3000 South Business Highway 281, Alice, TX, USA, 78332
Forbes Energy Services Ltd operates as an oilfield services contractor that provides a wide range of well site services to oil and natural gas drilling and producing companies to help develop and enhance the production of oil and natural gas. The company operates in three business segments namely Well Servicing which is the key revenue driver, Coiled Tubing, and Fluid Logistics. These services include fluid hauling, fluid disposal, well maintenance, completion services, workovers and recompletions, plugging and abandonment, and tubing testing. Geographically, it operates in South, East, Central, and West Texas.
Executives
Ascribe Associates Iii, Llc 10 percent owner, other: See Remarks 299 PARK AVENUE 34TH FLOOR NEW YORK NY 10171
Solace General Partner, Llc 10 percent owner, other: See Remarks 11111 SANTA MONICA BLVD, SUITE 1275 LOS ANGELES CA 90025
Solace Forbes Holdings, Llc 10 percent owner, other: See Remarks 11111 SANTA MONICA BLVD, SUITE 1275 LOS ANGELES CA 90025
American Securities Llc 10 percent owner, other: See Remarks 590 MADISON AVENUE, 38TH FLOOR, NEW YORK NY 10022
Ascribe Opportunities Fund Iii(b), L.p. 10 percent owner, other: See Remarks C/O ASOF ASSOCIATES III, LLC 299 PARK AVENUE, 34TH FLOOR NEW YORK NY 10171-8000
Ascribe Opportunities Fund Iii, L.p. 10 percent owner, other: See Remarks C/O ASOF ASSOCIATES III, LLC 299 PARK AVENUE, 34TH FLOOR NEW YORK NY 10171-8000
Solace Capital Special Situations Fund, L.p. 10 percent owner, other: See Remarks 11111 SANTA MONICA BOULEVARD SUITE 1275 LOS ANGELES CA 90025
Ascribe Capital Llc 10 percent owner, other: See Remarks 590 MADISON AVENUE 38TH FLOOR NEW YORK NY 10022
Ascribe Iii Investments Llc 10 percent owner, other: See Remarks 299 PARK AVENUE 34TH FLOOR NEW YORK NY 10171
Solace Capital Partners, L.p. 10 percent owner, other: See Remarks 11111 SANTA MONICA BLVD, SUITE 1275 LOS ANGELES CA 90025
L Melvin Cooper officer: Senior Vice President & CFO 2930 W. SAM HOUSTON PARKWAY N, SUITE 300, HOUSTON TX 77043
Steve Macek officer: EVP, COO 3000 SOUTH BUSINESS HIGHWAY 281 ALICE TX 78332
John E. Crisp director, officer: President & CEO 3000 SOUTH BUSINESS HIGHWAY 281 ALICE TX 78332
Joe Michetti officer: President & Co-COO of FES LLC 18001 HIGHWAY 105 WEST, SUITE 102 MONTGOMERY TX 77356
David B Rosenwasser director 3000 SOUTH BUSINESS HIGHWAY 281 ALICE TX 78332

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