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Tencent Holdings (MEX:TENCH N) Cyclically Adjusted Price-to-FCF : 33.96 (As of Jun. 28, 2025)


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

As of today (2025-06-28), Tencent Holdings's current share price is MXN1250.34. Tencent Holdings's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2025 was MXN36.82. Tencent Holdings's Cyclically Adjusted Price-to-FCF for today is 33.96.

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

MEX:TENCH N' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 14.37   Med: 37.42   Max: 71.28
Current: 27.11

During the past years, Tencent Holdings's highest Cyclically Adjusted Price-to-FCF was 71.28. The lowest was 14.37. And the median was 37.42.

MEX:TENCH N's Cyclically Adjusted Price-to-FCF is ranked worse than
52.08% of 144 companies
in the Interactive Media industry
Industry Median: 24.45 vs MEX:TENCH N: 27.11

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.

Tencent Holdings's adjusted free cash flow per share data for the three months ended in Mar. 2025 was MXN23.430. 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 MXN36.82 for the trailing ten years ended in Mar. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


Tencent Holdings Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Tencent 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.

Tencent Holdings Cyclically Adjusted Price-to-FCF Chart

Tencent Holdings 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 53.30 35.33 23.37 18.73 23.13

Tencent Holdings 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 18.46 22.03 24.93 23.13 26.26

Competitive Comparison of Tencent Holdings's Cyclically Adjusted Price-to-FCF

For the Internet Content & Information subindustry, Tencent 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.


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

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

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


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Tencent 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=1250.34/36.82
=33.96

* 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.

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

For example, Tencent Holdings'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)
=23.43/115.1156*115.1156
=23.430

Current CPI (Mar. 2025) = 115.1156.

Tencent Holdings Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201506 2.047 99.500 2.368
201509 2.809 100.500 3.218
201512 5.127 100.600 5.867
201603 4.729 102.200 5.327
201606 3.533 101.400 4.011
201609 5.090 102.400 5.722
201612 6.261 102.600 7.025
201703 7.642 103.200 8.524
201706 5.707 103.100 6.372
201709 8.823 104.100 9.757
201712 8.909 104.500 9.814
201803 6.240 105.300 6.822
201806 7.155 104.900 7.852
201809 9.498 106.600 10.257
201812 10.249 106.500 11.078
201903 8.699 107.700 9.298
201906 7.271 107.700 7.772
201909 12.796 109.800 13.415
201912 14.073 111.200 14.569
202003 19.009 112.300 19.486
202006 14.933 110.400 15.571
202009 15.638 111.700 16.116
202012 15.318 111.500 15.815
202103 16.530 112.662 16.890
202106 10.211 111.769 10.517
202109 13.488 112.215 13.837
202112 17.254 113.108 17.560
202203 10.955 114.335 11.030
202206 11.088 114.558 11.142
202209 12.129 115.339 12.106
202212 10.314 115.116 10.314
202303 16.874 115.116 16.874
202306 10.119 114.558 10.168
202309 16.172 115.339 16.141
202312 13.347 114.781 13.386
202403 17.581 115.227 17.564
202406 14.467 114.781 14.509
202409 23.194 115.785 23.060
202412 16.456 114.893 16.488
202503 23.430 115.116 23.430

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.


Tencent Holdings  (MEX:TENCH N) 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.


Tencent Holdings Cyclically Adjusted Price-to-FCF Related Terms

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


Tencent Holdings Business Description

Address
No. 33 Haitian 2nd Road, Tencent Binhai Towers, Nanshan District, Shenzhen, CHN, 518054
Tencent holds a prominent position in China's internet sector, with a diverse portfolio of products and services used daily by a significant portion of the population. The company is the world's largest video game publisher and owns Honor of Kings, a top-grossing mobile game globally. Tencent also operates WeChat, China's largest social media super app. WeChat is deeply integrated into the daily lives of Chinese people for communication, entertainment, shopping, and more. Beyond its offerings, Tencent is a significant player in global venture capital and investment. The company holds substantial stakes in leading companies including PDD, Kuaishou, and Epic Games.

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