GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » TMX Group Ltd (OTCPK:TMXXF) » Definitions » Cyclically Adjusted Price-to-FCF

TMX Group (TMX Group) Cyclically Adjusted Price-to-FCF : 26.97 (As of Jun. 05, 2024)


View and export this data going back to 2012. Start your Free Trial

What is TMX Group Cyclically Adjusted Price-to-FCF?

As of today (2024-06-05), TMX Group's current share price is $26.70. TMX Group's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was $0.99. TMX Group's Cyclically Adjusted Price-to-FCF for today is 26.97.

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

TMXXF' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 21.89   Med: 24.01   Max: 33.27
Current: 27.52

During the past years, TMX Group's highest Cyclically Adjusted Price-to-FCF was 33.27. The lowest was 21.89. And the median was 24.01.

TMXXF's Cyclically Adjusted Price-to-FCF is ranked worse than
65.13% of 238 companies
in the Capital Markets industry
Industry Median: 18.385 vs TMXXF: 27.52

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.

TMX Group's adjusted free cash flow per share data for the three months ended in Mar. 2024 was $0.134. 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 $0.99 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


TMX Group Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for TMX 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.

TMX Group Cyclically Adjusted Price-to-FCF Chart

TMX 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 - - - 22.38 24.82

TMX 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 22.30 23.67 22.89 24.82 27.27

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

For the Financial Data & Stock Exchanges subindustry, TMX 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.


TMX Group's Cyclically Adjusted Price-to-FCF Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, TMX Group's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



TMX 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=26.70/0.99
=26.97

* 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.

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

For example, TMX 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)
=0.134/126.2576*126.2576
=0.134

Current CPI (Mar. 2024) = 126.2576.

TMX Group Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.290 99.473 0.368
201409 0.234 99.394 0.297
201412 0.149 98.367 0.191
201503 0.126 99.789 0.159
201506 0.228 100.500 0.286
201509 0.168 100.421 0.211
201512 0.116 99.947 0.147
201603 0.147 101.054 0.184
201606 0.268 102.002 0.332
201609 0.226 101.765 0.280
201612 0.197 101.449 0.245
201703 0.159 102.634 0.196
201706 0.203 103.029 0.249
201709 0.155 103.345 0.189
201712 0.140 103.345 0.171
201803 0.126 105.004 0.152
201806 0.276 105.557 0.330
201809 0.237 105.636 0.283
201812 0.144 105.399 0.172
201903 0.111 106.979 0.131
201906 0.251 107.690 0.294
201909 0.223 107.611 0.262
201912 0.178 107.769 0.209
202003 0.166 107.927 0.194
202006 0.295 108.401 0.344
202009 0.232 108.164 0.271
202012 0.214 108.559 0.249
202103 0.189 110.298 0.216
202106 0.374 111.720 0.423
202109 0.286 112.905 0.320
202112 0.255 113.774 0.283
202203 0.188 117.646 0.202
202206 0.386 120.806 0.403
202209 0.271 120.648 0.284
202212 0.226 120.964 0.236
202303 0.209 122.702 0.215
202306 0.429 124.203 0.436
202309 0.258 125.230 0.260
202312 0.333 125.072 0.336
202403 0.134 126.258 0.134

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.


TMX Group  (OTCPK:TMXXF) 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.


TMX Group Cyclically Adjusted Price-to-FCF Related Terms

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


TMX Group (TMX Group) Business Description

Traded in Other Exchanges
Address
300 - 100 Adelaide Street West, Toronto, ON, CAN, M5H 1S3
TMX Group Ltd is a company that operates several global markets to provide investment opportunities for its clients. TMX Group's key operations include Toronto Stock Exchange, TSX Venture Exchange, TSX Alpha Exchange, The Canadian Depository for Securities, Montreal Exchange, Canadian Derivatives Clearing Corporation, and Trayport, which provides listing markets, trading markets, clearing facilities, depository services, technology solutions, data products, and other services to the global financial community. TMX Group operates offices across North America (Montreal, Calgary, Vancouver, and New York), as well as in key international markets including London and Singapore.

TMX Group (TMX Group) Headlines