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Capital Gearing Trust (LSE:CGT) Cyclically Adjusted Price-to-FCF : 104.33 (As of Jun. 07, 2024)


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What is Capital Gearing Trust Cyclically Adjusted Price-to-FCF?

As of today (2024-06-07), Capital Gearing Trust's current share price is £46.95. Capital Gearing Trust's Cyclically Adjusted FCF per Share for the fiscal year that ended in Mar24 was £0.45. Capital Gearing Trust's Cyclically Adjusted Price-to-FCF for today is 104.33.

The historical rank and industry rank for Capital Gearing Trust's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

LSE:CGT' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 103.89   Med: 297.73   Max: 844.75
Current: 103.9

During the past 13 years, Capital Gearing Trust's highest Cyclically Adjusted Price-to-FCF was 844.75. The lowest was 103.89. And the median was 297.73.

LSE:CGT's Cyclically Adjusted Price-to-FCF is ranked worse than
87.28% of 503 companies
in the Asset Management industry
Industry Median: 20.26 vs LSE:CGT: 103.90

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.

Capital Gearing Trust's adjusted free cash flow per share data of for the fiscal year that ended in Mar24 was £0.436. 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 £0.45 for the trailing ten years ended in Mar24.

Shiller PE for Stocks: The True Measure of Stock Valuation


Capital Gearing Trust Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Capital Gearing Trust'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.

Capital Gearing Trust Cyclically Adjusted Price-to-FCF Chart

Capital Gearing Trust Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 206.53 192.70 170.19 122.18 103.90

Capital Gearing Trust Semi-Annual Data
Sep14 Mar15 Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 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 170.19 - 122.18 - 103.90

Competitive Comparison of Capital Gearing Trust's Cyclically Adjusted Price-to-FCF

For the Asset Management subindustry, Capital Gearing Trust'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.


Capital Gearing Trust's Cyclically Adjusted Price-to-FCF Distribution in the Asset Management Industry

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

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



Capital Gearing Trust 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.

Capital Gearing Trust's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=46.95/0.45
=104.33

* 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.

Capital Gearing Trust's Cyclically Adjusted FCF per Share for the fiscal year that ended in Mar24 is calculated as:

For example, Capital Gearing Trust's adjusted Free Cash Flow per Share data for the fiscal year that ended in Mar24 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Mar24 (Change)*Current CPI (Mar24)
=0.436/131.6000*131.6000
=0.436

Current CPI (Mar24) = 131.6000.

Capital Gearing Trust Annual Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201503 0.306 99.600 0.404
201603 0.004 100.400 0.005
201703 0.053 102.700 0.068
201803 0.238 105.100 0.298
201903 0.443 107.000 0.545
202003 0.607 108.600 0.736
202103 0.585 109.700 0.702
202203 0.565 116.500 0.638
202303 0.662 126.800 0.687
202403 0.436 131.600 0.436

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.


Capital Gearing Trust  (LSE:CGT) 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.


Capital Gearing Trust Cyclically Adjusted Price-to-FCF Related Terms

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


Capital Gearing Trust (LSE:CGT) Business Description

Traded in Other Exchanges
Address
C/o Carson Mcdowell Llp, Murray House, Murray Street, Belfast, GBR, BT1 6DN
Capital Gearing Trust PLC is an investment company. The company investment objectives are to preserve shareholder's real wealth and to achieve absolute total return over the medium to longer term. It aims to achieve its investment objectives through investment in quoted closed-ended funds and other collective investment vehicles, bonds, commodities, and cash, when appropriate.

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