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Williams (WBO:WMB) Cyclically Adjusted Price-to-FCF : 35.20 (As of May. 01, 2024)


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What is Williams Cyclically Adjusted Price-to-FCF?

As of today (2024-05-01), Williams's current share price is €36.255. Williams's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was €1.03. Williams's Cyclically Adjusted Price-to-FCF for today is 35.20.

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

WBO:WMB' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 29.7   Med: 92.23   Max: 449.8
Current: 33.7

During the past years, Williams's highest Cyclically Adjusted Price-to-FCF was 449.80. The lowest was 29.70. And the median was 92.23.

WBO:WMB's Cyclically Adjusted Price-to-FCF is ranked worse than
80.2% of 394 companies
in the Oil & Gas industry
Industry Median: 14.36 vs WBO:WMB: 33.70

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.

Williams's adjusted free cash flow per share data for the three months ended in Dec. 2023 was €0.843. 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 €1.03 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Williams Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Williams'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.

Williams Cyclically Adjusted Price-to-FCF Chart

Williams 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 - 177.47 121.74 56.48 30.60

Williams 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 56.48 41.94 40.30 35.43 30.60

Competitive Comparison of Williams's Cyclically Adjusted Price-to-FCF

For the Oil & Gas Midstream subindustry, Williams'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.


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

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

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



Williams 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=36.255/1.03
=35.20

* 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.

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

For example, Williams'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)
=0.843/129.4194*129.4194
=0.843

Current CPI (Dec. 2023) = 129.4194.

Williams Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 -0.364 99.695 -0.473
201406 -0.770 100.560 -0.991
201409 -0.783 100.428 -1.009
201412 -0.083 99.070 -0.108
201503 -0.200 99.621 -0.260
201506 -0.009 100.684 -0.012
201509 -0.200 100.392 -0.258
201512 -0.147 99.792 -0.191
201603 0.323 100.470 0.416
201606 0.154 101.688 0.196
201609 0.142 101.861 0.180
201612 2.000 101.863 2.541
201703 0.242 102.862 0.304
201706 0.260 103.349 0.326
201709 0.049 104.136 0.061
201712 0.148 104.011 0.184
201803 -0.258 105.290 -0.317
201806 -0.042 106.317 -0.051
201809 -0.021 106.507 -0.026
201812 0.261 105.998 0.319
201903 0.255 107.251 0.308
201906 0.409 108.070 0.490
201909 0.041 108.329 0.049
201912 0.429 108.420 0.512
202003 0.357 108.902 0.424
202006 0.602 108.767 0.716
202009 0.079 109.815 0.093
202012 0.545 109.897 0.642
202103 0.451 111.754 0.522
202106 0.428 114.631 0.483
202109 0.396 115.734 0.443
202112 0.616 117.630 0.678
202203 0.584 121.301 0.623
202206 0.602 125.017 0.623
202209 0.530 125.227 0.548
202212 0.310 125.222 0.320
202303 0.733 127.348 0.745
202306 0.570 128.729 0.573
202309 0.409 129.860 0.408
202312 0.843 129.419 0.843

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.


Williams  (WBO:WMB) 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.


Williams Cyclically Adjusted Price-to-FCF Related Terms

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


Williams (WBO:WMB) Business Description

Industry
Traded in Other Exchanges
Address
One Williams Center, PO Box 2400, Tulsa, OK, USA, 74172
Williams Companies is a midstream energy company that owns and operates the large Transco and Northwest pipeline systems and associated natural gas gathering, processing, and storage assets. In August 2018, the firm acquired the remaining 26% ownership of its limited partner, Williams Partners.