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RB Global (TSX:RBA) Cyclically Adjusted Price-to-FCF : 37.03 (As of May. 01, 2024)


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What is RB Global Cyclically Adjusted Price-to-FCF?

As of today (2024-05-01), RB Global's current share price is C$98.50. RB Global's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was C$2.66. RB Global's Cyclically Adjusted Price-to-FCF for today is 37.03.

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

TSX:RBA' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 28.14   Med: 50.72   Max: 151.06
Current: 37.06

During the past years, RB Global's highest Cyclically Adjusted Price-to-FCF was 151.06. The lowest was 28.14. And the median was 50.72.

TSX:RBA's Cyclically Adjusted Price-to-FCF is ranked worse than
77.16% of 359 companies
in the Business Services industry
Industry Median: 17.26 vs TSX:RBA: 37.06

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.

RB Global's adjusted free cash flow per share data for the three months ended in Dec. 2023 was C$1.662. 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 C$2.66 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


RB Global Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for RB Global'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.

RB Global Cyclically Adjusted Price-to-FCF Chart

RB Global 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 39.98 51.93 37.30 30.21 33.36

RB Global Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 30.21 32.43 33.04 33.63 33.36

Competitive Comparison of RB Global's Cyclically Adjusted Price-to-FCF

For the Specialty Business Services subindustry, RB Global'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.


RB Global's Cyclically Adjusted Price-to-FCF Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, RB Global's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



RB Global 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.

RB Global's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=98.50/2.66
=37.03

* 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.

RB Global's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, RB Global's adjusted Free Cash Flow per Share data for the three months ended in Dec. 2023 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=1.662/129.4194*129.4194
=1.662

Current CPI (Dec. 2023) = 129.4194.

RB Global Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 0.980 99.695 1.272
201406 -0.091 100.560 -0.117
201409 -0.254 100.428 -0.327
201412 0.523 99.070 0.683
201503 1.223 99.621 1.589
201506 0.516 100.684 0.663
201509 0.141 100.392 0.182
201512 0.308 99.792 0.399
201603 1.969 100.470 2.536
201606 -0.278 101.688 -0.354
201609 0.004 101.861 0.005
201612 0.053 101.863 0.067
201703 1.577 102.862 1.984
201706 -0.312 103.349 -0.391
201709 -0.359 104.136 -0.446
201712 0.451 104.011 0.561
201803 0.686 105.290 0.843
201806 0.387 106.317 0.471
201809 -0.302 106.507 -0.367
201812 0.450 105.998 0.549
201903 0.771 107.251 0.930
201906 0.968 108.070 1.159
201909 1.698 108.329 2.029
201912 0.095 108.420 0.113
202003 -0.083 108.902 -0.099
202006 2.300 108.767 2.737
202009 0.682 109.815 0.804
202012 -0.243 109.897 -0.286
202103 1.924 111.754 2.228
202106 0.209 114.631 0.236
202109 0.934 115.734 1.044
202112 0.029 117.630 0.032
202203 1.988 121.301 2.121
202206 0.029 125.017 0.030
202209 0.376 125.227 0.389
202212 2.205 125.222 2.279
202303 -1.110 127.348 -1.128
202306 0.076 128.729 0.076
202309 0.420 129.860 0.419
202312 1.662 129.419 1.662

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.


RB Global  (TSX:RBA) 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.


RB Global Cyclically Adjusted Price-to-FCF Related Terms

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


RB Global (TSX:RBA) Business Description

Industry
Traded in Other Exchanges
Address
Two Westbrook Corporate Center, Suite 500, Westchester, IL, USA, 60154
RB Global operates the world's largest auction for heavy equipment. The company started as a live auctioneer of industrial equipment, since then it has greatly expanded its operations to include the sale of construction, agricultural, oilfield, and transportation equipment. RB Global operates over 40 live auction sites in more than 12 countries, along with online marketplaces, including IronPlanet, Marketplace-E, and GovPlanet. Its agricultural auctions are frequently much smaller venues and can include liquidations of single farms. The company holds over 300 auctions yearly and sells $6 billion worth of equipment.