GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » T. Rowe Price Group Inc (FRA:TR1) » Definitions » Cyclically Adjusted Price-to-FCF

T. Rowe Price Group (FRA:TR1) Cyclically Adjusted Price-to-FCF : 17.38 (As of May. 11, 2024)


View and export this data going back to 2008. Start your Free Trial

What is T. Rowe Price Group Cyclically Adjusted Price-to-FCF?

As of today (2024-05-11), T. Rowe Price Group's current share price is €103.44. T. Rowe Price Group's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was €5.95. T. Rowe Price Group's Cyclically Adjusted Price-to-FCF for today is 17.38.

The historical rank and industry rank for T. Rowe Price Group's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

FRA:TR1' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 13.25   Med: 28.74   Max: 45.53
Current: 17.09

During the past years, T. Rowe Price Group's highest Cyclically Adjusted Price-to-FCF was 45.53. The lowest was 13.25. And the median was 28.74.

FRA:TR1's Cyclically Adjusted Price-to-FCF is ranked better than
54.35% of 506 companies
in the Asset Management industry
Industry Median: 20.485 vs FRA:TR1: 17.09

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted free cash flow per share of a company over the past 10 years.

T. Rowe Price Group's adjusted free cash flow per share data for the three months ended in Mar. 2024 was €2.195. Add all the adjusted free cash flow per share for the past 10 years together and divide 10 will get our Cyclically Adjusted FCF per Share, which is €5.95 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


T. Rowe Price Group Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for T. Rowe Price 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.

* Premium members only.

T. Rowe Price Group Cyclically Adjusted Price-to-FCF Chart

T. Rowe Price Group Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 32.80 35.81 35.39 16.91 16.53

T. Rowe Price Group Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 17.25 16.88 15.73 16.53 18.67

Competitive Comparison of T. Rowe Price Group's Cyclically Adjusted Price-to-FCF

For the Asset Management subindustry, T. Rowe Price 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.


T. Rowe Price Group's Cyclically Adjusted Price-to-FCF Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, T. Rowe Price Group's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where T. Rowe Price Group's Cyclically Adjusted Price-to-FCF falls into.



T. Rowe Price 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.

T. Rowe Price Group's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=103.44/5.95
=17.38

* 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.

T. Rowe Price Group's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, T. Rowe Price Group's adjusted Free Cash Flow per Share data for the three months ended in Mar. 2024 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=2.195/129.4194*129.4194
=2.195

Current CPI (Mar. 2024) = 129.4194.

T. Rowe Price Group Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.559 100.560 0.719
201409 1.357 100.428 1.749
201412 0.258 99.070 0.337
201503 1.747 99.621 2.270
201506 1.025 100.684 1.318
201509 1.627 100.392 2.097
201512 0.361 99.792 0.468
201603 0.133 100.470 0.171
201606 -0.461 101.688 -0.587
201609 0.887 101.861 1.127
201612 -0.513 101.863 -0.652
201703 0.539 102.862 0.678
201706 -0.311 103.349 -0.389
201709 0.574 104.136 0.713
201712 -0.616 104.011 -0.766
201803 1.572 105.290 1.932
201806 1.268 106.317 1.544
201809 1.780 106.507 2.163
201812 0.313 105.998 0.382
201903 1.961 107.251 2.366
201906 1.196 108.070 1.432
201909 1.896 108.329 2.265
201912 -0.128 108.420 -0.153
202003 2.835 108.902 3.369
202006 3.071 108.767 3.654
202009 0.837 109.815 0.986
202012 -0.205 109.897 -0.241
202103 3.418 111.754 3.958
202106 2.695 114.631 3.043
202109 4.570 115.734 5.110
202112 1.173 117.630 1.291
202203 4.143 121.301 4.420
202206 2.307 125.017 2.388
202209 3.183 125.227 3.290
202212 -0.823 125.222 -0.851
202303 1.870 127.348 1.900
202306 1.324 128.729 1.331
202309 1.569 129.860 1.564
202312 -0.980 129.419 -0.980
202403 2.195 129.419 2.195

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.


T. Rowe Price Group  (FRA:TR1) 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.


T. Rowe Price Group Cyclically Adjusted Price-to-FCF Related Terms

Thank you for viewing the detailed overview of T. Rowe Price Group's Cyclically Adjusted Price-to-FCF provided by GuruFocus.com. Please click on the following links to see related term pages.


T. Rowe Price Group (FRA:TR1) Business Description

Address
100 East Pratt Street, Baltimore, MD, USA, 21202
T. Rowe Price provides asset-management services for individual and institutional investors. It offers a broad range of no-load U.S. and international stock, hybrid, bond, and money market funds. At the end of October 2023, the firm had $1.312 trillion in managed assets, composed of equity (51%), balanced (33%), fixed-income and money market (13%), and alternatives (3%) offerings. Approximately two thirds of the company's managed assets are held in retirement-based accounts, which provides T. Rowe Price with a somewhat stickier client base than most of its peers. The firm also manages private accounts, provides retirement planning advice, and offers discount brokerage and trust services. The company is primarily a U.S.-based asset manager, deriving just over 9% of its AUM from overseas.

T. Rowe Price Group (FRA:TR1) Headlines

No Headlines