GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Obsidian Energy Ltd (TSX:OBE) » Definitions » Cyclically Adjusted Price-to-FCF

Obsidian Energy (TSX:OBE) Cyclically Adjusted Price-to-FCF : (As of May. 05, 2024)


View and export this data going back to 1980. Start your Free Trial

What is Obsidian Energy Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Obsidian Energy Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Obsidian Energy'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.

Obsidian Energy Cyclically Adjusted Price-to-FCF Chart

Obsidian Energy 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 - - - - -

Obsidian Energy 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 57.66 - - - -

Competitive Comparison of Obsidian Energy's Cyclically Adjusted Price-to-FCF

For the Oil & Gas E&P subindustry, Obsidian Energy'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.


Obsidian Energy's Cyclically Adjusted Price-to-FCF Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Obsidian Energy's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Obsidian Energy 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.

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

For example, Obsidian Energy'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)
=-0.692/125.4675*125.4675
=-0.692

Current CPI (Mar. 2024) = 125.4675.

Obsidian Energy Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 2.103 99.473 2.653
201409 0.948 99.394 1.197
201412 -1.789 98.367 -2.282
201503 -0.489 99.789 -0.615
201506 -1.826 100.500 -2.280
201509 -0.808 100.421 -1.010
201512 -1.003 99.947 -1.259
201603 0.599 101.054 0.744
201606 -0.795 102.002 -0.978
201609 -1.547 101.765 -1.907
201612 -1.309 101.449 -1.619
201703 0.167 102.634 0.204
201706 -0.069 103.029 -0.084
201709 0.056 103.345 0.068
201712 -0.403 103.345 -0.489
201803 -0.042 105.004 -0.050
201806 -0.636 105.557 -0.756
201809 0.028 105.636 0.033
201812 -0.304 105.399 -0.362
201903 -0.483 106.979 -0.566
201906 -0.151 107.690 -0.176
201909 0.068 107.611 0.079
201912 0.199 107.769 0.232
202003 -0.126 107.927 -0.146
202006 0.023 108.401 0.027
202009 0.411 108.164 0.477
202012 -0.007 108.559 -0.008
202103 -0.014 110.298 -0.016
202106 0.271 111.720 0.304
202109 0.264 112.905 0.293
202112 0.218 113.774 0.240
202203 -0.233 117.646 -0.248
202206 0.998 120.806 1.037
202209 0.510 120.648 0.530
202212 0.346 120.964 0.359
202303 -0.411 122.702 -0.420
202306 0.325 124.203 0.328
202309 0.589 125.230 0.590
202312 0.205 125.468 0.205
202403 -0.692 125.468 -0.692

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.


Obsidian Energy  (TSX:OBE) 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.


Obsidian Energy Cyclically Adjusted Price-to-FCF Related Terms

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


Obsidian Energy (TSX:OBE) Business Description

Industry
Traded in Other Exchanges
Address
207 - 9th Avenue SW, Suite 200, Calgary, AB, CAN, T2P 1K3
Obsidian Energy Ltd, is an intermediate-sized oil and gas producer with strategic assets in Alberta. It operates in a single reporting segment that is exploration, development and holding an interest in oil and natural gas properties and related production infrastructure in the Western Canada Sedimentary Basin. The company generates the majority of the revenue from the Crude oil sale.

Obsidian Energy (TSX:OBE) Headlines

From GuruFocus