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Merriman Holdings (Merriman Holdings) Cyclically Adjusted Price-to-FCF : (As of May. 11, 2024)


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What is Merriman Holdings Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Merriman Holdings Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Merriman Holdings'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.

Merriman Holdings Cyclically Adjusted Price-to-FCF Chart

Merriman Holdings Annual Data
Trend Dec05 Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14
Cyclically Adjusted Price-to-FCF
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Merriman Holdings Quarterly Data
Dec10 Mar11 Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15
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Competitive Comparison of Merriman Holdings's Cyclically Adjusted Price-to-FCF

For the Capital Markets subindustry, Merriman Holdings'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.


Merriman Holdings's Cyclically Adjusted Price-to-FCF Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Merriman Holdings's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Merriman Holdings's Cyclically Adjusted Price-to-FCF falls into.



Merriman Holdings 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.

Merriman Holdings's Cyclically Adjusted FCF per Share for the quarter that ended in Sep. 2015 is calculated as:

For example, Merriman Holdings's adjusted Free Cash Flow per Share data for the three months ended in Sep. 2015 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Sep. 2015 (Change)*Current CPI (Sep. 2015)
=-0.052/100.3915*100.3915
=-0.052

Current CPI (Sep. 2015) = 100.3915.

Merriman Holdings Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
200512 -59.239 83.032 -71.624
200603 -82.957 84.298 -98.795
200606 -19.170 85.606 -22.481
200609 -3.771 85.606 -4.422
200612 145.776 85.142 171.886
200703 -24.127 86.640 -27.956
200706 60.984 87.906 69.646
200709 -57.937 87.964 -66.122
200712 305.871 88.616 346.514
200803 -370.763 90.090 -413.160
200806 3.150 92.320 3.425
200809 -37.967 92.307 -41.292
200812 -19.426 88.697 -21.987
200903 -84.983 89.744 -95.065
200906 -31.017 91.003 -34.217
200909 -68.083 91.120 -75.011
200912 -26.717 91.111 -29.438
201003 4.350 91.821 4.756
201006 -35.077 91.962 -38.292
201009 -17.265 92.162 -18.807
201012 13.068 92.474 14.187
201103 -1.556 94.283 -1.657
201106 -21.098 95.235 -22.240
201109 -18.057 95.727 -18.937
201112 -6.383 95.213 -6.730
201203 -9.193 96.783 -9.536
201206 -6.768 96.819 -7.018
201209 -2.347 97.633 -2.413
201212 -9.179 96.871 -9.513
201303 -4.054 98.209 -4.144
201306 -0.158 98.518 -0.161
201309 -0.408 98.790 -0.415
201312 0.172 98.326 0.176
201403 0.049 99.695 0.049
201406 -0.092 100.560 -0.092
201409 -0.104 100.428 -0.104
201412 0.161 99.070 0.163
201503 -0.124 99.621 -0.125
201506 -0.287 100.684 -0.286
201509 -0.052 100.392 -0.052

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.


Merriman Holdings  (OTCPK:MERR) 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.


Merriman Holdings Cyclically Adjusted Price-to-FCF Related Terms

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


Merriman Holdings (Merriman Holdings) Business Description

Traded in Other Exchanges
N/A
Address
250 Montgomery Street, 16th Floor, San Francisco, CA, USA, 94104
Merriman Holdings Inc is a financial service holding company. It provides capital markets advisory and research, corporate and investment banking services. The company's investment bankers provide a range of corporate finance and strategic advisory services. Its corporate finance practice advises on and structures capital raising solutions for its corporate clients through public and private offerings primarily of equity and convertible debt securities.
Executives
D Jonathan Merriman director, 10 percent owner, officer: CEO MERRIMAN CURHAN FORD & CO 600 CALIFORNIA ST., 9TH FLOOR SAN FRANCISCO CA 94108
Ronald L Chez director, 10 percent owner 1524 NORTH ASTOR, CHICAGO IL 60610
Jeffrey M Soinski director 585 WEST 500 SOUTH, BOUNTIFUL UT 84010
William J Febbo director 600 CALIFORNIA ST., 9TH FLOOR, SAN FRANCISCO CA 94108
Douglas Bergeron director 111 W. OCEAN BOULEVARD, LONG BEACH CA 90802
Andrew Arno director, 10 percent owner C/O MERRIMAN CURHAN FORD GROUP, INC., 600 CALIFORNIA STREET, 9TH FLOOR, SAN FRANCISCO CA 94108
Christopher L Aguilar officer: General Counsel 600 CALIFORNIA STREET, 9TH FLOOR, SAN FRANCISCO CA 94108
Robert J Majteles director
Ronald Spears director 600 CALIFORNIA STREET, 9TH FLOOR, SAN FRANCISCO CA 94108

Merriman Holdings (Merriman Holdings) Headlines

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