CEWE Stiftung KGaA (HAM:CWC) Cyclically Adjusted Price-to-FCF: (As of Jun. 30, 2026)


HAM:CWC CEWE Stiftung & Co KGaA HAM:CWC
80 GF Score
Price €92.00
GF Value €137.47
Valuation Significantly Undervalued
! 3 Warning Signs
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What is CEWE Stiftung KGaA Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


CEWE Stiftung KGaA  (HAM:CWC) 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.


CEWE Stiftung KGaA Cyclically Adjusted Price-to-FCF Related Terms


CEWE Stiftung KGaA Cyclically Adjusted Price-to-FCF Historical Data

* Premium members only.

The historical data trend for CEWE Stiftung KGaA'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.

CEWE Stiftung KGaA Cyclically Adjusted Price-to-FCF Chart

CEWE Stiftung KGaA Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted Price-to-FCF
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CEWE Stiftung KGaA Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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

HAM:CWC vs ROL, SCI, FTDR: Cyclically Adjusted Price-to-FCF Comparison

For the Personal Services subindustry, CEWE Stiftung KGaA'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.


CEWE Stiftung KGaA Cyclically Adjusted Price-to-FCF vs Personal Services Industry

For the Personal Services industry and Consumer Cyclical sector, CEWE Stiftung KGaA's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where CEWE Stiftung KGaA's Cyclically Adjusted Price-to-FCF falls into.


HAM:CWC
80GF Score
CEWE Stiftung & Co KGaA HAM:CWC
Cyclically Adjusted Price-to-FCF is just one metric. See GF Score™, valuation, warning signs, and more.
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CEWE Stiftung KGaA 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.

CEWE Stiftung KGaA's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, CEWE Stiftung KGaA's adjusted Free Cash Flow per Share data for the three months ended in Mar. 2026 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=0/131.2583*131.2583
=0.000

Current CPI (Mar. 2026) = 131.2583.

CEWE Stiftung KGaA Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201606 -0.798 100.717 -1.040
201609 -0.378 101.017 -0.491
201612 5.992 101.217 7.770
201703 -0.980 101.417 -1.268
201706 -1.210 102.117 -1.555
201709 -5.068 102.717 -6.476
201712 7.112 102.617 9.097
201803 -2.039 102.917 -2.600
201806 -1.668 104.017 -2.105
201809 -0.052 104.718 -0.065
201812 9.341 104.217 11.765
201903 -2.985 104.217 -3.760
201906 -0.487 105.718 -0.605
201909 0.651 106.018 0.806
201912 11.815 105.818 14.656
202003 0.000 105.718 0.000
202006 0.597 106.618 0.735
202009 0.000 105.818 0.000
202012 0.000 105.518 0.000
202103 0.000 107.518 0.000
202106 -4.668 108.486 -5.648
202109 0.000 109.435 0.000
202112 0.000 110.384 0.000
202203 0.000 113.968 0.000
202206 -1.301 115.760 -1.475
202209 0.000 118.818 0.000
202212 0.000 119.345 0.000
202303 0.000 122.402 0.000
202306 0.000 123.140 0.000
202309 0.000 124.195 0.000
202312 0.000 123.773 0.000
202403 0.000 125.038 0.000
202406 0.000 125.882 0.000
202409 0.000 126.198 0.000
202412 0.000 127.041 0.000
202503 0.000 127.779 0.000
202506 0.000 128.412 0.000
202509 0.000 129.255 0.000
202512 0.000 129.361 0.000
202603 0.000 131.258 0.000

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.

Is CEWE Stiftung KGaA (HAM:CWC) Overvalued in 2026?

Based on GuruFocus' analysis, CEWE Stiftung KGaA stock appears to be undervalued. The current stock price of €92.00 is trading 33.1% below its estimated GF Value™ of €137.47. GuruFocus considers CEWE Stiftung KGaA to be Significantly Undervalued.

Key valuation signals for HAM:CWC:

  • Cyclically Adjusted Price-to-FCF:
  • GF Value™: €137.47 vs. price of €92.00 (33.1% below fair value)
  • GF Score™: 80/100 with 3 warning signs

No single metric tells the full story. See the HAM:CWC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


CEWE Stiftung KGaA Business Description

Other Exchanges CWCd:UK0N8F:UKCWC:Germany
Address Meerweg 30 - 32, Oldenburg, NI, DEU, 26133
CEWE Stiftung & Co KGaA is a German-based company which provides photo service, photo retail business, and commercial online printing. The company operates a business through three segments through photofinishing, retail, and commercial online printing. Its Photofinishing segment works on the printing of photos of analogue or digital origin. Retail unit trades photo hardware and photo products to end consumers using various brands such as Fotojoker, Fotolab and Japan Photo, among others. The Online Printing unit operates through online printing portals, such as www.cewe-print.de and others. The company derives it's majority of the revenue from photofinishing activity in Germany.
80GF Score

Get the complete analysis for HAM:CWC

Cyclically Adjusted Price-to-FCF is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€92.00
Price
€137.47
GF Value