GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Avis Budget Group Inc (STU:CUCA) » Definitions » Cyclically Adjusted Price-to-FCF

Avis Budget Group (STU:CUCA) Cyclically Adjusted Price-to-FCF : (As of May. 23, 2024)


View and export this data going back to 1968. Start your Free Trial

What is Avis Budget Group Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Avis Budget Group Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Avis Budget Group'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.

Avis Budget Group Cyclically Adjusted Price-to-FCF Chart

Avis Budget Group 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 - - - - -

Avis Budget Group Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 - - - - -

Competitive Comparison of Avis Budget Group's Cyclically Adjusted Price-to-FCF

For the Rental & Leasing Services subindustry, Avis Budget Group'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.


Avis Budget Group's Cyclically Adjusted Price-to-FCF Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Avis Budget Group's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Avis Budget Group 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.

Avis Budget Group's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Avis Budget Group's adjusted Free Cash Flow per Share data for the three months ended in Mar. 2024 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=-91.612/131.7762*131.7762
=-91.612

Current CPI (Mar. 2024) = 131.7762.

Avis Budget Group Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -28.923 100.560 -37.902
201409 -4.321 100.428 -5.670
201412 -11.800 99.070 -15.696
201503 -23.801 99.621 -31.483
201506 -35.565 100.684 -46.548
201509 -7.351 100.392 -9.649
201512 -14.894 99.792 -19.668
201603 -34.577 100.470 -45.351
201606 -35.581 101.688 -46.109
201609 -6.357 101.861 -8.224
201612 -19.707 101.863 -25.494
201703 -38.611 102.862 -49.464
201706 -36.812 103.349 -46.937
201709 -7.052 104.136 -8.924
201712 -13.467 104.011 -17.062
201803 -37.847 105.290 -47.368
201806 -37.527 106.317 -46.513
201809 -8.495 106.507 -10.511
201812 -23.508 105.998 -29.225
201903 -46.620 107.251 -57.281
201906 -44.876 108.070 -54.720
201909 -12.007 108.329 -14.606
201912 -20.414 108.420 -24.812
202003 -42.506 108.902 -51.434
202006 -6.201 108.767 -7.513
202009 -3.411 109.815 -4.093
202012 -7.228 109.897 -8.667
202103 -32.542 111.754 -38.372
202106 -26.687 114.631 -30.678
202109 -7.526 115.734 -8.569
202112 -16.930 117.630 -18.966
202203 -26.923 121.301 -29.248
202206 -45.064 125.017 -47.501
202209 -4.870 125.227 -5.125
202212 -41.238 125.222 -43.396
202303 -71.784 127.348 -74.280
202306 -95.782 128.729 -98.050
202309 -64.058 129.860 -65.003
202312 -46.874 129.419 -47.728
202403 -91.612 131.776 -91.612

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.


Avis Budget Group  (STU:CUCA) 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.


Avis Budget Group Cyclically Adjusted Price-to-FCF Related Terms

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


Avis Budget Group (STU:CUCA) Business Description

Traded in Other Exchanges
Address
6 Sylvan Way, Parsippany, NJ, USA, 07054
Avis Budget Group Inc is a provider of automotive vehicle rental and car-sharing services. Its brands include Avis, Budget, and Zipcar. Avis is targeted to serve the premium commercial and leisure segments of the travel industry, while Budget is focused on value-conscious customers. The company operates its own network of rental locations and licenses its brands to franchisees. Zipcar is a car-sharing service that allows members to use the company-owned Zipcar fleet at an hourly rate. The company's largest region by revenue is the Americas.

Avis Budget Group (STU:CUCA) Headlines

No Headlines