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Associated Capital Group (FRA:41J) Cyclically Adjusted Price-to-FCF : (As of Jan. 19, 2025)


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What is Associated Capital Group Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Associated Capital Group Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Associated Capital Group'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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Associated Capital Group Cyclically Adjusted Price-to-FCF Chart

Associated Capital Group Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
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Associated Capital Group Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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Competitive Comparison of Associated Capital Group's Cyclically Adjusted Price-to-FCF

For the Asset Management subindustry, Associated Capital Group'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.


Associated Capital Group's Cyclically Adjusted Price-to-FCF Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Associated Capital Group's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Associated Capital Group's Cyclically Adjusted Price-to-FCF falls into.



Associated Capital Group 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.

Associated Capital Group's Cyclically Adjusted FCF per Share for the quarter that ended in Sep. 2024 is calculated as:

For example, Associated Capital Group's adjusted Free Cash Flow per Share data for the three months ended in Sep. 2024 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Sep. 2024 (Change)*Current CPI (Sep. 2024)
=-3.154/133.0289*133.0289
=-3.154

Current CPI (Sep. 2024) = 133.0289.

Associated Capital Group Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201412 -0.771 99.070 -1.035
201503 1.391 99.621 1.857
201506 0.429 100.684 0.567
201509 0.510 100.392 0.676
201512 -4.057 99.792 -5.408
201603 0.003 100.470 0.004
201606 -0.273 101.688 -0.357
201609 2.349 101.861 3.068
201612 -1.972 101.863 -2.575
201703 -0.566 102.862 -0.732
201706 0.614 103.349 0.790
201709 -4.282 104.136 -5.470
201712 1.811 104.011 2.316
201803 -1.014 105.290 -1.281
201806 -0.823 106.317 -1.030
201809 2.095 106.507 2.617
201812 2.800 105.998 3.514
201903 -0.498 107.251 -0.618
201906 -0.917 108.070 -1.129
201909 -0.353 108.329 -0.433
201912 0.020 108.420 0.025
202003 0.626 108.902 0.765
202006 -11.098 108.767 -13.574
202009 -0.723 109.815 -0.876
202012 -0.268 109.897 -0.324
202103 9.207 111.754 10.960
202106 -0.447 114.631 -0.519
202109 9.869 115.734 11.344
202112 -10.026 117.630 -11.339
202203 1.176 121.301 1.290
202206 0.031 125.017 0.033
202209 -2.745 125.227 -2.916
202212 -1.716 125.222 -1.823
202303 7.805 127.348 8.153
202306 -0.177 128.729 -0.183
202309 0.666 129.860 0.682
202312 -2.114 129.419 -2.173
202403 -0.047 131.776 -0.047
202406 1.291 132.554 1.296
202409 -3.154 133.029 -3.154

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.


Associated Capital Group  (FRA:41J) 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.


Associated Capital Group Cyclically Adjusted Price-to-FCF Related Terms

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Associated Capital Group Business Description

Traded in Other Exchanges
Address
191 Mason Street, Greenwich, CT, USA, 06830
Associated Capital Group Inc is a diversified global financial services company. It operates in the business of alternative investment management, institutional research services, and cash and other assets through subsidiaries. The activities of its subsidiaries comprise publishing daily research notes and full reports using private market value with a catalyst methodology and also products and customized solutions utilizing private market value with catalyst method of investing.

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