SWZCF (Swisscom AG) 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.
Reviewed by: Charlie Tian Charlie Tian
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.

SWZCF Swisscom AG SWZCF
76 GF Score
Price $836.41
GF Value $832.29
Valuation Fairly Valued
! 6 Warning Signs
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What is Swisscom AG Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Swisscom AG  (OTCPK:SWZCF) 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.


Swisscom AG Cyclically Adjusted Price-to-FCF Related Terms


Swisscom AG Cyclically Adjusted Price-to-FCF Historical Data

* Premium members only.

The historical data trend for Swisscom AG'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.

Swisscom AG Cyclically Adjusted Price-to-FCF Chart

Swisscom AG Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 16.41 14.89 15.81 13.88 15.86

Swisscom AG Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 16.02 17.10 15.67 18.11 16.12

SWZCF vs VZ, TMUS, T: Cyclically Adjusted Price-to-FCF Comparison

For the Telecom Services subindustry, Swisscom AG'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.


Swisscom AG Cyclically Adjusted Price-to-FCF vs Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, Swisscom AG's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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


SWZCF
76GF Score
Swisscom AG SWZCF
Cyclically Adjusted Price-to-FCF is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Swisscom AG 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.

Swisscom AG's Cyclically Adjusted FCF per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Swisscom AG'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)
=12.544/108.5600*108.5600
=12.544

Current CPI (Jun. 2026) = 108.5600.

Swisscom AG Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201609 11.519 99.604 12.555
201612 3.299 99.380 3.604
201703 5.329 100.040 5.783
201706 9.887 100.285 10.703
201709 11.435 100.254 12.382
201712 4.996 100.213 5.412
201803 3.787 100.836 4.077
201806 5.520 101.435 5.908
201809 8.813 101.246 9.450
201812 7.390 100.906 7.951
201903 6.119 101.571 6.540
201906 3.702 102.044 3.938
201909 11.697 101.396 12.523
201912 23.278 101.063 25.005
202003 5.143 101.048 5.525
202006 12.507 100.743 13.477
202009 11.946 100.585 12.893
202012 21.471 100.241 23.253
202103 7.308 100.800 7.871
202106 8.642 101.352 9.257
202109 11.673 101.533 12.481
202112 21.357 101.776 22.781
202203 3.093 103.205 3.253
202206 5.659 104.783 5.863
202209 14.874 104.835 15.403
202212 21.014 104.666 21.796
202303 6.343 106.245 6.481
202306 7.116 106.576 7.249
202309 14.016 106.570 14.278
202312 10.736 106.461 10.948
202403 8.633 107.355 8.730
202406 6.564 107.991 6.599
202409 16.941 107.468 17.113
202412 18.377 107.128 18.623
202503 19.369 107.722 19.520
202506 10.607 108.075 10.655
202509 23.120 107.710 23.302
202512 19.462 107.200 19.709
202603 24.190 108.060 24.302
202606 12.544 108.560 12.544

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 Swisscom AG (SWZCF) Overvalued in 2026?

Based on GuruFocus' analysis, Swisscom AG stock appears to be overvalued. The current stock price of $836.41 is trading 0.5% above its estimated GF Value™ of $832.29. GuruFocus considers Swisscom AG to be Fairly Valued.

Key valuation signals for SWZCF:

  • Cyclically Adjusted Price-to-FCF:
  • GF Value™: $832.29 vs. price of $836.41 (0.5% above fair value)
  • GF Score™: 76/100 with 6 warning signs

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


Swisscom AG Business Description

Address Alte Tiefenaustrasse 6, 3048 Worblaufen, Ittigen, Bern, CHE, 3050
Swisscom is the incumbent telecom operator in Switzerland, with a very high market share in mobile and fixed-line markets. It charges high prices compared with its competitors and other European peers due to the historical stability of the Swiss telecom market and a favorable regulatory environment. In 2024, Swisscom acquired Vodafone Italia in a deal worth EUR 8 billion.
76GF Score

Get the complete analysis for SWZCF

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

$836.41
Price
$832.29
GF Value