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Pender Growth Fund (TSXV:PTF) Cyclically Adjusted Price-to-FCF : (As of Jul. 21, 2025)


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What is Pender Growth Fund Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Pender Growth Fund Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Pender Growth Fund'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.

Pender Growth Fund Cyclically Adjusted Price-to-FCF Chart

Pender Growth Fund Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - - 114.98

Pender Growth Fund Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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 - - 11.52 114.98 3,812.04

Competitive Comparison of Pender Growth Fund's Cyclically Adjusted Price-to-FCF

For the Asset Management subindustry, Pender Growth Fund'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.


Pender Growth Fund's Cyclically Adjusted Price-to-FCF Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Pender Growth Fund's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Pender Growth Fund's Cyclically Adjusted Price-to-FCF falls into.


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Pender Growth Fund 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.

Pender Growth Fund's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2025 is calculated as:

For example, Pender Growth Fund's adjusted Free Cash Flow per Share data for the three months ended in Mar. 2025 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=-0.672/129.1809*129.1809
=-0.672

Current CPI (Mar. 2025) = 129.1809.

Pender Growth Fund Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201212 0.000 95.760 0.000
201306 0.000 97.182 0.000
201312 0.000 96.945 0.000
201406 0.000 99.473 0.000
201412 0.000 98.367 0.000
201506 0.000 100.500 0.000
201512 0.000 99.947 0.000
201606 0.000 102.002 0.000
201612 0.000 101.449 0.000
201706 0.000 103.029 0.000
201712 0.000 103.345 0.000
201803 -0.028 105.004 -0.034
201806 -0.030 105.557 -0.037
201809 -0.003 105.636 -0.004
201812 -0.009 105.399 -0.011
201903 -0.002 106.979 -0.002
201906 0.010 107.690 0.012
201909 -0.176 107.611 -0.211
201912 -0.619 107.769 -0.742
202003 -0.408 107.927 -0.488
202006 -0.423 108.401 -0.504
202009 0.423 108.164 0.505
202012 -0.252 108.559 -0.300
202103 0.551 110.298 0.645
202106 -1.156 111.720 -1.337
202109 1.284 112.905 1.469
202112 -0.174 113.774 -0.198
202203 -0.917 117.646 -1.007
202206 -0.323 120.806 -0.345
202209 0.825 120.648 0.883
202212 -0.560 120.964 -0.598
202303 0.271 122.702 0.285
202306 0.196 124.203 0.204
202309 0.231 125.230 0.238
202312 0.020 125.072 0.021
202403 -0.125 126.258 -0.128
202406 0.121 127.522 0.123
202409 7.952 127.285 8.070
202412 -5.737 127.364 -5.819
202503 -0.672 129.181 -0.672

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.


Pender Growth Fund  (TSXV:PTF) 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.


Pender Growth Fund Cyclically Adjusted Price-to-FCF Related Terms

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Pender Growth Fund Business Description

Traded in Other Exchanges
Address
1066 West Hastings Street, Suite 1830, Vancouver, BC, CAN, V6E 3X2
Pender Growth Fund Inc is an asset management firm. The investment objective of the Company is to achieve long-term capital growth from investment in opportunities identified by the Manager. The company generates its revenue in the form of dividends and interest.
Executives
Penderfund Capital Management Ltd. Subsidiary
Ian Donald Power Director
Wendy Kathleen Porter Director
Tony Antero Rautava Senior Officer
David Allan Barr Senior Officer
Ginalee Marie Jones Senior Officer