Network 18 Media & Investments (NSE:NETWORK18) Cyclically Adjusted Price-to-FCF: (As of Sep. 21, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
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Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

NSE:NETWORK18 Network 18 Media & Investments Ltd NSE:NETWORK18
42 GF Score
Price ₹27.00
GF Value ₹17.60
Valuation Significantly Overvalued
! 5 Warning Signs
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What is Network 18 Media & Investments Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Network 18 Media & Investments  (NSE:NETWORK18) 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.


Network 18 Media & Investments Cyclically Adjusted Price-to-FCF Related Terms


Network 18 Media & Investments Cyclically Adjusted Price-to-FCF Historical Data

* Premium members only.

The historical data trend for Network 18 Media & Investments'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.

Network 18 Media & Investments Cyclically Adjusted Price-to-FCF Chart

Network 18 Media & Investments Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Cyclically Adjusted Price-to-FCF
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Network 18 Media & Investments Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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NSE:NETWORK18 vs NFLX, DIS, WBD: Cyclically Adjusted Price-to-FCF Comparison

For the Entertainment subindustry, Network 18 Media & Investments'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.


Network 18 Media & Investments Cyclically Adjusted Price-to-FCF vs Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Network 18 Media & Investments's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Network 18 Media & Investments's Cyclically Adjusted Price-to-FCF falls into.


NSE:NETWORK18
42GF Score
Network 18 Media & Investments Ltd NSE:NETWORK18
Cyclically Adjusted Price-to-FCF is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Network 18 Media & Investments 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.

Network 18 Media & Investments's Cyclically Adjusted FCF per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Network 18 Media & Investments's adjusted Free Cash Flow per Share data for the three months ended in Jun. 2026 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=0/167.3573*167.3573
=0.000

Current CPI (Jun. 2026) = 167.3573.

Network 18 Media & Investments Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201609 0.000 105.961 0.000
201612 0.000 105.196 0.000
201703 0.000 105.196 0.000
201706 0.000 107.109 0.000
201709 0.000 109.021 0.000
201712 0.000 109.404 0.000
201803 0.000 109.786 0.000
201806 0.000 111.317 0.000
201809 0.000 115.142 0.000
201812 0.000 115.142 0.000
201903 0.000 118.202 0.000
201906 0.000 120.880 0.000
201909 0.000 123.175 0.000
201912 0.000 126.235 0.000
202003 0.000 124.705 0.000
202006 0.000 127.000 0.000
202009 0.000 130.118 0.000
202012 0.000 130.889 0.000
202103 0.000 131.771 0.000
202106 0.000 134.084 0.000
202109 0.000 135.847 0.000
202112 0.000 138.161 0.000
202203 0.000 138.822 0.000
202206 0.000 142.347 0.000
202209 0.000 144.661 0.000
202212 0.000 145.763 0.000
202303 0.000 146.865 0.000
202306 0.000 150.280 0.000
202309 0.000 151.492 0.000
202312 0.000 152.924 0.000
202403 0.000 153.035 0.000
202406 0.000 155.789 0.000
202409 0.000 157.882 0.000
202412 0.000 158.323 0.000
202503 0.000 157.552 0.000
202506 0.000 159.755 0.000
202509 0.000 162.289 0.000
202512 0.000 163.281 0.000
202603 0.000 164.272 0.000
202606 0.000 167.357 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 Network 18 Media & Investments (NSE:NETWORK18) Overvalued in 2026?

Based on GuruFocus' analysis, Network 18 Media & Investments stock appears to be overvalued. The current stock price of ₹27.00 is trading 53.4% above its estimated GF Value™ of ₹17.60. GuruFocus considers Network 18 Media & Investments to be Significantly Overvalued.

Key valuation signals for NSE:NETWORK18:

  • Cyclically Adjusted Price-to-FCF:
  • GF Value™: ₹17.60 vs. price of ₹27.00 (53.4% above fair value)
  • GF Score™: 42/100 with 5 warning signs

No single metric tells the full story. See the NSE:NETWORK18 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Network 18 Media & Investments Business Description

Other Exchanges 532798:India
Address 414, Senapati Bapat Marg, First Floor, Empire Complex, Lower Parel, Mumbai, MH, IND, 400013
Network 18 Media & Investments Ltd is a media and entertainment conglomerate. The company is engaged in activities spanning broadcasting, digital content, print, and allied businesses. It owns and operates a portfolio of television entertainment channels, sports channels, new channels, and digital platforms through brands like CNBC-TV18, News18 India, JioCinema, Colors, MTV, Moneycontrol, Firstpost, and Nickelodeon, among others. It also has a presence in the film production and movie distribution business through its studio, Viacom 18 Motion Pictures. The company operates in a single segment which is Media Operations. The company generates the majority of its revenue from Advertisement, Subscription Revenue, and Program Syndication.
42GF Score

Get the complete analysis for NSE:NETWORK18

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

₹27.00
Price
₹17.60
GF Value