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Tetra Tech (STU:TT6) Cyclically Adjusted Price-to-FCF : 48.66 (As of May. 26, 2024)


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What is Tetra Tech Cyclically Adjusted Price-to-FCF?

As of today (2024-05-26), Tetra Tech's current share price is €200.00. Tetra Tech's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was €4.11. Tetra Tech's Cyclically Adjusted Price-to-FCF for today is 48.66.

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

STU:TT6' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 13.38   Med: 27.6   Max: 59.95
Current: 48.57

During the past years, Tetra Tech's highest Cyclically Adjusted Price-to-FCF was 59.95. The lowest was 13.38. And the median was 27.60.

STU:TT6's Cyclically Adjusted Price-to-FCF is ranked worse than
80% of 570 companies
in the Construction industry
Industry Median: 18.215 vs STU:TT6: 48.57

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.

Tetra Tech's adjusted free cash flow per share data for the three months ended in Mar. 2024 was €1.689. 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 €4.11 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Tetra Tech Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Tetra Tech'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.

Tetra Tech Cyclically Adjusted Price-to-FCF Chart

Tetra Tech Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 36.93 35.68 47.32 34.18 35.20

Tetra Tech 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 37.47 39.90 35.20 39.34 41.18

Competitive Comparison of Tetra Tech's Cyclically Adjusted Price-to-FCF

For the Engineering & Construction subindustry, Tetra Tech'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.


Tetra Tech's Cyclically Adjusted Price-to-FCF Distribution in the Construction Industry

For the Construction industry and Industrials sector, Tetra Tech's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Tetra Tech 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=200.00/4.11
=48.66

* 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.

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

For example, Tetra Tech'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)
=1.689/131.7762*131.7762
=1.689

Current CPI (Mar. 2024) = 131.7762.

Tetra Tech Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.619 100.560 0.811
201409 0.104 100.428 0.136
201412 -0.022 99.070 -0.029
201503 0.215 99.621 0.284
201506 1.483 100.684 1.941
201509 0.364 100.392 0.478
201512 0.313 99.792 0.413
201603 0.059 100.470 0.077
201606 0.842 101.688 1.091
201609 0.772 101.861 0.999
201612 -0.991 101.863 -1.282
201703 1.721 102.862 2.205
201706 0.277 103.349 0.353
201709 0.984 104.136 1.245
201712 -0.889 104.011 -1.126
201803 1.128 105.290 1.412
201806 0.773 106.317 0.958
201809 1.613 106.507 1.996
201812 -0.299 105.998 -0.372
201903 1.758 107.251 2.160
201906 0.180 108.070 0.219
201909 1.451 108.329 1.765
201912 -0.347 108.420 -0.422
202003 1.610 108.902 1.948
202006 1.751 108.767 2.121
202009 1.011 109.815 1.213
202012 0.472 109.897 0.566
202103 1.868 111.754 2.203
202106 1.020 114.631 1.173
202109 1.175 115.734 1.338
202112 1.312 117.630 1.470
202203 1.521 121.301 1.652
202206 1.675 125.017 1.766
202209 1.092 125.227 1.149
202212 0.356 125.222 0.375
202303 1.439 127.348 1.489
202306 2.166 128.729 2.217
202309 1.969 129.860 1.998
202312 0.099 129.419 0.101
202403 1.689 131.776 1.689

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.


Tetra Tech  (STU:TT6) 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.


Tetra Tech Cyclically Adjusted Price-to-FCF Related Terms

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


Tetra Tech (STU:TT6) Business Description

Industry
Traded in Other Exchanges
Address
3475 East Foothill Boulevard, Pasadena, CA, USA, 91107
Tetra Tech Inc provides consulting and engineering services for environmental, infrastructure, resource management, energy, and international development markets. It specializes in providing water-related services for public and private clients. It designs infrastructure, facilities, and other structures with complex plans and resource management. Tetra Tech has two reportable segments. Its Government Services Group (GSG) reportable segment primarily includes activities with U.S. government clients (federal, state and local) and activities with development agencies worldwide. Commercial/International Services Group (CIG) reportable segment primarily includes activities with U.S. commercial clients and international clients other than development agencies.

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