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NetEase (MEX:NTESN) Cyclically Adjusted Price-to-FCF : 26.20 (As of Jun. 06, 2025)


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What is NetEase Cyclically Adjusted Price-to-FCF?

As of today (2025-06-06), NetEase's current share price is MXN2320.00. NetEase's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2025 was MXN88.54. NetEase's Cyclically Adjusted Price-to-FCF for today is 26.20.

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

MEX:NTESN' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 18.53   Med: 33.8   Max: 58.2
Current: 28.26

During the past years, NetEase's highest Cyclically Adjusted Price-to-FCF was 58.20. The lowest was 18.53. And the median was 33.80.

MEX:NTESN's Cyclically Adjusted Price-to-FCF is ranked worse than
56.74% of 141 companies
in the Interactive Media industry
Industry Median: 22.18 vs MEX:NTESN: 28.26

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.

NetEase's adjusted free cash flow per share data for the three months ended in Mar. 2025 was MXN49.966. 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 MXN88.54 for the trailing ten years ended in Mar. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


NetEase Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for NetEase'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.

NetEase Cyclically Adjusted Price-to-FCF Chart

NetEase Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 42.21 38.46 23.18 25.58 20.75

NetEase Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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 27.22 24.62 22.77 20.75 22.87

Competitive Comparison of NetEase's Cyclically Adjusted Price-to-FCF

For the Electronic Gaming & Multimedia subindustry, NetEase'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.


NetEase's Cyclically Adjusted Price-to-FCF Distribution in the Interactive Media Industry

For the Interactive Media industry and Communication Services sector, NetEase's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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


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NetEase 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.

NetEase's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=2320.00/88.54
=26.20

* 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.

NetEase's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2025 is calculated as:

For example, NetEase's adjusted Free Cash Flow per Share data for the three months ended in Mar. 2025 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=49.966/115.1156*115.1156
=49.966

Current CPI (Mar. 2025) = 115.1156.

NetEase Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201506 1.917 99.500 2.218
201509 7.903 100.500 9.052
201512 11.149 100.600 12.758
201603 11.377 102.200 12.815
201606 12.866 101.400 14.606
201609 15.621 102.400 17.561
201612 22.110 102.600 24.807
201703 14.993 103.200 16.724
201706 6.964 103.100 7.776
201709 4.267 104.100 4.719
201712 13.630 104.500 15.015
201803 3.623 105.300 3.961
201806 1.145 104.900 1.257
201809 1.585 106.600 1.712
201812 21.501 106.500 23.240
201903 9.684 107.700 10.351
201906 16.692 107.700 17.841
201909 14.121 109.800 14.805
201912 18.581 111.200 19.235
202003 30.755 112.300 31.526
202006 18.357 110.400 19.141
202009 20.300 111.700 20.921
202012 33.786 111.500 34.882
202103 22.100 112.662 22.581
202106 17.084 111.769 17.595
202109 26.843 112.215 27.537
202112 36.971 113.108 37.627
202203 17.457 114.335 17.576
202206 27.730 114.558 27.865
202209 29.480 115.339 29.423
202212 36.349 115.116 36.349
202303 18.158 115.116 18.158
202306 25.327 114.558 25.450
202309 31.063 115.339 31.003
202312 40.929 114.781 41.048
202403 31.749 115.227 31.718
202406 23.218 114.781 23.286
202409 43.041 115.785 42.792
202412 56.201 114.893 56.310
202503 49.966 115.116 49.966

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.


NetEase  (MEX:NTESN) 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.


NetEase Cyclically Adjusted Price-to-FCF Related Terms

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


NetEase Business Description

Address
No. 599 Wangshang Road, NetEase Building, Binjiang District, Hangzhou, CHN, 310052
Founded in the late 1990s as an internet portal, NetEase has transformed into a leading force in the second-largest online game company gaming in China. While its initial success was built upon the massively multiplayer online role-playing game Fantasy Westward Journey, NetEase has expanded its portfolio with captivating franchises that resonate with both domestic and international players. Over the past decade, the company has created titles such as Justice, Identity V, Naraka: Bladepoint, and Eggy Party, all of which maintain significant player bases today. Beyond in-house development, the company also collaborates with likes of Microsoft and Marvel to create and publish games based on renowned IPs, including World of Warcraft, Diablo Immortal, and Marvel Rivals.

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