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Express Scripts Holding Co (FRA:4XS) Cyclically Adjusted Price-to-FCF : (As of May. 23, 2024)


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What is Express Scripts Holding Co Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Express Scripts Holding Co Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Express Scripts Holding Co'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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Express Scripts Holding Co Cyclically Adjusted Price-to-FCF Chart

Express Scripts Holding Co Annual Data
Trend Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17
Cyclically Adjusted Price-to-FCF
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Express Scripts Holding Co Quarterly Data
Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18
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Competitive Comparison of Express Scripts Holding Co's Cyclically Adjusted Price-to-FCF

For the Healthcare Plans subindustry, Express Scripts Holding Co'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.


Express Scripts Holding Co's Cyclically Adjusted Price-to-FCF Distribution in the Healthcare Plans Industry

For the Healthcare Plans industry and Healthcare sector, Express Scripts Holding Co's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Express Scripts Holding Co's Cyclically Adjusted Price-to-FCF falls into.



Express Scripts Holding Co 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.

Express Scripts Holding Co's Cyclically Adjusted FCF per Share for the quarter that ended in Sep. 2018 is calculated as:

For example, Express Scripts Holding Co's adjusted Free Cash Flow per Share data for the three months ended in Sep. 2018 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Sep. 2018 (Change)*Current CPI (Sep. 2018)
=1.047/106.5067*106.5067
=1.047

Current CPI (Sep. 2018) = 106.5067.

Express Scripts Holding Co Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
200812 0.517 88.697 0.621
200903 0.419 89.744 0.497
200906 0.295 91.003 0.345
200909 0.434 91.120 0.507
200912 0.971 91.111 1.135
201003 0.964 91.821 1.118
201006 0.997 91.962 1.155
201009 0.511 92.162 0.591
201012 0.340 92.474 0.392
201103 0.300 94.283 0.339
201106 0.581 95.235 0.650
201109 1.352 95.727 1.504
201112 0.757 95.213 0.847
201203 0.794 96.783 0.874
201206 0.660 96.819 0.726
201209 0.708 97.633 0.772
201212 2.443 96.871 2.686
201303 0.792 98.209 0.859
201306 -0.244 98.518 -0.264
201309 0.873 98.790 0.941
201312 2.535 98.326 2.746
201403 0.310 99.695 0.331
201406 0.618 100.560 0.655
201409 0.330 100.428 0.350
201412 3.093 99.070 3.325
201503 0.293 99.621 0.313
201506 1.100 100.684 1.164
201509 0.944 100.392 1.002
201512 3.705 99.792 3.954
201603 0.924 100.470 0.980
201606 0.508 101.688 0.532
201609 1.991 101.861 2.082
201612 3.332 101.863 3.484
201703 1.475 102.862 1.527
201706 1.553 103.349 1.600
201709 2.669 104.136 2.730
201712 1.902 104.011 1.948
201803 2.018 105.290 2.041
201806 0.972 106.317 0.974
201809 1.047 106.507 1.047

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.


Express Scripts Holding Co  (FRA:4XS) 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.


Express Scripts Holding Co Cyclically Adjusted Price-to-FCF Related Terms

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Express Scripts Holding Co (FRA:4XS) Business Description

Traded in Other Exchanges
N/A
Address
Express Scripts is the largest pharmacy benefit manager in the United States. Through its mail-order pharmacy and network of retail pharmacies, Express Scripts processes approximately 1.3 billion adjusted prescriptions annually for its payer clients.

Express Scripts Holding Co (FRA:4XS) Headlines

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