GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Sprott Physical Gold and Silver Trust (TSX:CEF.U) » Definitions » Cyclically Adjusted Price-to-FCF

Sprott Physical Gold and Silver Trust (TSX:CEF.U) Cyclically Adjusted Price-to-FCF : (As of May. 26, 2024)


View and export this data going back to 1990. Start your Free Trial

What is Sprott Physical Gold and Silver Trust Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Sprott Physical Gold and Silver Trust Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Sprott Physical Gold and Silver Trust'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.

Sprott Physical Gold and Silver Trust Cyclically Adjusted Price-to-FCF Chart

Sprott Physical Gold and Silver Trust Annual Data
Trend Oct14 Oct15 Oct16 Oct17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - - -

Sprott Physical Gold and Silver Trust 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 Sprott Physical Gold and Silver Trust's Cyclically Adjusted Price-to-FCF

For the Asset Management subindustry, Sprott Physical Gold and Silver Trust'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.


Sprott Physical Gold and Silver Trust's Cyclically Adjusted Price-to-FCF Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Sprott Physical Gold and Silver Trust's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Sprott Physical Gold and Silver Trust's Cyclically Adjusted Price-to-FCF falls into.



Sprott Physical Gold and Silver Trust 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.

Sprott Physical Gold and Silver Trust's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Sprott Physical Gold and Silver Trust'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)
=-0.027/126.2576*126.2576
=-0.027

Current CPI (Mar. 2024) = 126.2576.

Sprott Physical Gold and Silver Trust Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201404 -0.008 98.920 -0.010
201407 -0.020 99.315 -0.025
201410 -0.007 99.473 -0.009
201501 -0.007 98.209 -0.009
201504 -0.019 99.710 -0.024
201507 -0.011 100.579 -0.014
201510 -0.014 100.500 -0.018
201601 -0.014 100.184 -0.018
201604 -0.008 101.370 -0.010
201607 -0.014 101.844 -0.017
201610 -0.012 102.002 -0.015
201701 -0.012 102.318 -0.015
201704 -0.012 103.029 -0.015
201707 -0.016 103.029 -0.020
201710 -0.017 103.424 -0.021
201803 -0.012 105.004 -0.014
201806 -0.026 105.557 -0.031
201809 -0.021 105.636 -0.025
201812 -0.030 105.399 -0.036
201903 -0.022 106.979 -0.026
201906 -0.031 107.690 -0.036
201909 -0.022 107.611 -0.026
201912 -0.027 107.769 -0.032
202003 -0.018 107.927 -0.021
202006 -0.019 108.401 -0.022
202009 -0.025 108.164 -0.029
202012 -0.032 108.559 -0.037
202103 -0.016 110.298 -0.018
202106 -0.023 111.720 -0.026
202109 -0.033 112.905 -0.037
202112 -0.024 113.774 -0.027
202203 -0.019 117.646 -0.020
202206 -0.027 120.806 -0.028
202209 -0.017 120.648 -0.018
202212 -0.018 120.964 -0.019
202303 -0.029 122.702 -0.030
202306 -0.024 124.203 -0.024
202309 -0.024 125.230 -0.024
202312 -0.016 125.072 -0.016
202403 -0.027 126.258 -0.027

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.


Sprott Physical Gold and Silver Trust  (TSX:CEF.U) 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.


Sprott Physical Gold and Silver Trust Cyclically Adjusted Price-to-FCF Related Terms

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


Sprott Physical Gold and Silver Trust (TSX:CEF.U) Business Description

Traded in Other Exchanges
Address
200 Bay Street, Suite 2600, P.O. Box 26, Royal Bank Plaza, South Tower, Calgary, AB, CAN, M5J 2J1
Sprott Physical Gold and Silver Trust is a closed-end mutual fund trust. The trust invests and holds all of its assets in physical gold and silver bullion and seeks to provide a secure, convenient, and exchange-traded investment alternative for investors interested in holding physical bullion without the inconvenience that is typical of direct investment.

Sprott Physical Gold and Silver Trust (TSX:CEF.U) Headlines

No Headlines