VNET (VNET Group) Cyclically Adjusted Price-to-FCF: (As of Aug. 07, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

VNET VNET Group Inc VNET
58 GF Score
Price $7.01
GF Value $4.37
Valuation Significantly Overvalued
! 8 Warning Signs
View Full Analysis

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

Shiller PE for Stocks: The True Measure of Stock Valuation


VNET Group  (NAS:VNET) 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.


VNET Group Cyclically Adjusted Price-to-FCF Related Terms


VNET Group Cyclically Adjusted Price-to-FCF Historical Data

* Premium members only.

The historical data trend for VNET 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.

VNET Group Cyclically Adjusted Price-to-FCF Chart

VNET Group Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted Price-to-FCF
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VNET Group Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 0.00 0.00 0.00 0.00 0.00

VNET vs INOD, SHAZ, DXC: Cyclically Adjusted Price-to-FCF Comparison

For the Information Technology Services subindustry, VNET 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.


VNET Group Cyclically Adjusted Price-to-FCF vs Software Industry

For the Software industry and Technology sector, VNET Group's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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


VNET
58GF Score
VNET Group Inc VNET
Cyclically Adjusted Price-to-FCF is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

VNET 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.

VNET Group's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, VNET Group's adjusted Free Cash Flow per Share data for the three months ended in Mar. 2026 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=-0.858/116.3033*116.3033
=-0.858

Current CPI (Mar. 2026) = 116.3033.

VNET Group Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201606 -0.248 101.400 -0.284
201609 -0.216 102.400 -0.245
201612 -0.048 102.600 -0.054
201703 -0.080 103.200 -0.090
201706 -0.082 103.100 -0.093
201709 0.175 104.100 0.196
201712 0.106 104.500 0.118
201803 0.004 105.300 0.004
201806 0.023 104.900 0.026
201809 0.173 106.600 0.189
201812 0.127 106.500 0.139
201903 -0.136 107.700 -0.147
201906 -0.113 107.700 -0.122
201909 -0.321 109.800 -0.340
201912 -0.026 111.200 -0.027
202003 -0.482 112.300 -0.499
202006 -0.426 110.400 -0.449
202009 -0.640 111.700 -0.666
202012 -0.564 111.500 -0.588
202103 -0.438 112.662 -0.452
202106 -0.137 111.769 -0.143
202109 -0.543 112.215 -0.563
202112 -0.293 113.108 -0.301
202203 -0.538 114.335 -0.547
202206 0.407 114.558 0.413
202209 0.026 115.339 0.026
202212 -0.540 115.116 -0.546
202303 -0.129 115.116 -0.130
202306 0.017 114.558 0.017
202309 -0.472 115.339 -0.476
202312 -0.436 114.781 -0.442
202403 -0.395 115.227 -0.399
202406 -0.311 114.781 -0.315
202409 -0.341 115.785 -0.343
202412 -1.113 114.893 -1.127
202503 -0.839 115.116 -0.848
202506 0.053 114.907 0.054
202509 -0.737 115.471 -0.742
202512 -1.586 115.832 -1.592
202603 -0.858 116.303 -0.858

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.

Is VNET Group (VNET) Overvalued in 2026?

Based on GuruFocus' analysis, VNET Group stock appears to be overvalued. The current stock price of $7.01 is trading 60.4% above its estimated GF Value™ of $4.37. GuruFocus considers VNET Group to be Significantly Overvalued.

Key valuation signals for VNET:

  • Cyclically Adjusted Price-to-FCF:
  • GF Value™: $4.37 vs. price of $7.01 (60.4% above fair value)
  • GF Score™: 58/100 with 8 warning signs

No single metric tells the full story. See the VNET stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


VNET Group Business Description

Other Exchanges 217A:Germany
Address No. 10 Jiuxianqiao East Road, Guanjie Building Southeast 1st Floor, Chaoyang District, Beijing, CHN, 100016
VNET started as AsiaCloud in 1999 and moved into the data center business, opening its first self-developed data center in 2010. The firm listed (as 21Vianet) on the Nasdaq in April 2011, subsequently changing its name to VNET Group in 2021. It originally focused on providing data center services such as colocation and cloud services to retail clients in China, but added hyperscale customers in 2019 and now counts large Chinese hyperscalers such as Alibaba Cloud, Tencent Cloud, and Huawei Cloud as customers. At the end of December 2025, it had 49,863 retail cabinets, with the majority in Beijing, Shanghai, and the Greater Bay area. It also had 889 MW of wholesale capacity in service, with a further 452 MW under construction and a further 840 MW held for future development.
58GF Score

Get the complete analysis for VNET

Cyclically Adjusted Price-to-FCF is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$7.01
Price
$4.37
GF Value