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PHM (PulteGroup) Cyclically Adjusted Price-to-FCF : 28.00 (As of Jan. 18, 2025)


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What is PulteGroup Cyclically Adjusted Price-to-FCF?

As of today (2025-01-18), PulteGroup's current share price is $117.03. PulteGroup's Cyclically Adjusted FCF per Share for the quarter that ended in Sep. 2024 was $4.18. PulteGroup's Cyclically Adjusted Price-to-FCF for today is 28.00.

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

PHM' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 8.18   Med: 18.32   Max: 35.79
Current: 28.02

During the past years, PulteGroup's highest Cyclically Adjusted Price-to-FCF was 35.79. The lowest was 8.18. And the median was 18.32.

PHM's Cyclically Adjusted Price-to-FCF is ranked worse than
73.91% of 46 companies
in the Homebuilding & Construction industry
Industry Median: 13.915 vs PHM: 28.02

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.

PulteGroup's adjusted free cash flow per share data for the three months ended in Sep. 2024 was $2.001. 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 $4.18 for the trailing ten years ended in Sep. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


PulteGroup Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for PulteGroup'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.

PulteGroup Cyclically Adjusted Price-to-FCF Chart

PulteGroup Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 22.74 19.68 21.06 15.78 28.32

PulteGroup Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 20.33 28.32 31.85 27.50 34.37

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

For the Residential Construction subindustry, PulteGroup'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.


PulteGroup's Cyclically Adjusted Price-to-FCF Distribution in the Homebuilding & Construction Industry

For the Homebuilding & Construction industry and Consumer Cyclical sector, PulteGroup's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



PulteGroup 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=117.03/4.18
=28.00

* 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.

PulteGroup's Cyclically Adjusted FCF per Share for the quarter that ended in Sep. 2024 is calculated as:

For example, PulteGroup's adjusted Free Cash Flow per Share data for the three months ended in Sep. 2024 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Sep. 2024 (Change)*Current CPI (Sep. 2024)
=2.001/133.0289*133.0289
=2.001

Current CPI (Sep. 2024) = 133.0289.

PulteGroup Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201412 0.278 99.070 0.373
201503 -0.108 99.621 -0.144
201506 -0.479 100.684 -0.633
201509 -0.183 100.392 -0.242
201512 -0.296 99.792 -0.395
201603 -0.207 100.470 -0.274
201606 -0.772 101.688 -1.010
201609 0.012 101.861 0.016
201612 1.117 101.863 1.459
201703 0.093 102.862 0.120
201706 0.413 103.349 0.532
201709 0.231 104.136 0.295
201712 1.371 104.011 1.753
201803 0.533 105.290 0.673
201806 1.259 106.317 1.575
201809 1.595 106.507 1.992
201812 1.502 105.998 1.885
201903 0.513 107.251 0.636
201906 0.480 108.070 0.591
201909 0.963 108.329 1.183
201912 1.762 108.420 2.162
202003 0.680 108.902 0.831
202006 2.181 108.767 2.667
202009 1.668 109.815 2.021
202012 1.886 109.897 2.283
202103 0.609 111.754 0.725
202106 0.908 114.631 1.054
202109 0.369 115.734 0.424
202112 1.726 117.630 1.952
202203 0.717 121.301 0.786
202206 -0.577 125.017 -0.614
202209 -1.861 125.227 -1.977
202212 4.159 125.222 4.418
202303 3.043 127.348 3.179
202306 3.214 128.729 3.321
202309 1.981 129.860 2.029
202312 1.223 129.419 1.257
202403 1.010 131.776 1.020
202406 1.829 132.554 1.836
202409 2.001 133.029 2.001

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.


PulteGroup  (NYSE:PHM) 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.


PulteGroup Cyclically Adjusted Price-to-FCF Related Terms

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


PulteGroup Business Description

Address
3350 Peachtree Road NE, Suite 1500, Atlanta, GA, USA, 30326
PulteGroup Inc is a homebuilder in the United States. The company mainly builds single-family detached homes, and offers products to entry-level, move-up, and active-adult buyers. It also offers homebuyers mortgage financing, title, and insurance agency services through its financial services segment.
Executives
Thomas J Folliard director 12800 TUCKAHOE CREEK PARKWAY, RICHMOND VA 23238
Robert Oshaughnessy officer: Exec. VP & CFO 2555 TELEGRAPH RD., BLOOMFIELD HILLS MI 48302
Lila Snyder director 3001, SUMMER STREET, STAMFORD CT 06926
Brien P. O'meara officer: Vice President & Controller 3350 PEACHTREE ROAD, N.E., SUITE 150, ATLANTA GA 30326
Kevin A Henry officer: EVP and Chief People Officer 13024 BALLANTYNE CORPORATE PLACE, HARRIS BUILDING, SUITE 900, CHARLOTTE NC 28277
Matthew William Koart officer: Exec. VP & COO 3350 PEACHTREE ROAD NE, SUITE 1500, ATLANTA GA 30326
Brian P Anderson director C/O PULTE HOMES, INC., 100 BLOOMFIELD HILLS PKWY #300, BLOOMFIELD HILLS MI 48304
Ryan Marshall officer: Area President 24311 WALDEN CENTER DR, STE 300, BONITA SPRINGS FL 34134
John James Chadwick officer: Area President 3350 PEACHTREE ROAD NORTHEAST, SUITE 150, ATLANTA GA 30326
James Phillip Holloman director P.O. BOX 625737, 6800 CINTAS BOULEVARD, CINCINNATI OH 45262
Todd N Sheldon officer: EVP, Gen Counsel, Corp Sec'y 3350 PEACHTREE ROAD NORTHEAST, SUITE 150, ATLANTA GA 30326
Stephen P Schlageter other: Area President 3350 PEACHTREE ROAD NORTHEAST, SUITE 150, ATLANTA GA 30326
Bill Pulte director 321 N. CLARK STREET, SUITE #500, CHICAGO IL 60654
Bryce Blair director
James L Ossowski officer: VP Finance & Controller 100 BLOOMFIELD HILLS PKWY, STE 300, BLOOMFIELD HILLS MI 48304