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National Investment Trust (XMAU:NIT) Cyclically Adjusted Price-to-FCF : 4.04 (As of Jun. 05, 2025)


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What is National Investment Trust Cyclically Adjusted Price-to-FCF?

As of today (2025-06-05), National Investment Trust's current share price is MUR9.00. National Investment Trust's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2025 was MUR2.23. National Investment Trust's Cyclically Adjusted Price-to-FCF for today is 4.04.

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

XMAU:NIT' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 3.81   Med: 6.33   Max: 13.71
Current: 4.03

During the past years, National Investment Trust's highest Cyclically Adjusted Price-to-FCF was 13.71. The lowest was 3.81. And the median was 6.33.

XMAU:NIT's Cyclically Adjusted Price-to-FCF is ranked better than
86.95% of 498 companies
in the Asset Management industry
Industry Median: 19.135 vs XMAU:NIT: 4.03

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.

National Investment Trust's adjusted free cash flow per share data for the three months ended in Mar. 2025 was MUR-0.029. 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 MUR2.23 for the trailing ten years ended in Mar. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


National Investment Trust Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for National Investment Trust'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.

National Investment Trust Cyclically Adjusted Price-to-FCF Chart

National Investment Trust Annual Data
Trend Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - 8.75 4.09

National Investment Trust 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 5.95 4.09 4.47 4.74 4.48

Competitive Comparison of National Investment Trust's Cyclically Adjusted Price-to-FCF

For the Asset Management subindustry, National Investment Trust'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.


National Investment Trust's Cyclically Adjusted Price-to-FCF Distribution in the Asset Management Industry

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

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


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National Investment Trust 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.

National Investment Trust's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=9.00/2.23
=4.04

* 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.

National Investment Trust's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2025 is calculated as:

For example, National Investment Trust'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)
=-0.029/134.9266*134.9266
=-0.029

Current CPI (Mar. 2025) = 134.9266.

National Investment Trust Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201506 -0.396 100.684 -0.531
201509 -0.221 100.392 -0.297
201512 6.158 99.792 8.326
201603 -0.027 100.470 -0.036
201606 3.450 101.688 4.578
201609 -1.201 101.861 -1.591
201612 1.570 101.863 2.080
201703 2.339 102.862 3.068
201706 -0.350 103.349 -0.457
201709 1.339 104.136 1.735
201712 0.011 104.011 0.014
201803 0.135 105.290 0.173
201806 0.322 106.317 0.409
201809 -0.214 106.507 -0.271
201812 1.275 105.998 1.623
201903 -0.259 107.251 -0.326
201906 -0.089 108.070 -0.111
201909 -0.134 108.329 -0.167
201912 1.287 108.420 1.602
202003 0.058 108.902 0.072
202006 -0.376 108.767 -0.466
202009 -0.389 109.815 -0.478
202012 0.292 109.897 0.359
202103 -0.260 111.754 -0.314
202106 1.038 114.631 1.222
202109 -0.053 115.734 -0.062
202112 1.035 117.630 1.187
202203 -0.516 121.301 -0.574
202206 0.183 125.017 0.198
202209 0.118 125.227 0.127
202212 0.002 125.222 0.002
202303 -0.951 127.348 -1.008
202306 0.758 128.729 0.794
202309 -0.221 129.860 -0.230
202312 1.004 129.419 1.047
202403 -0.155 131.776 -0.159
202406 0.638 132.554 0.649
202409 0.393 133.029 0.399
202412 -0.215 133.157 -0.218
202503 -0.029 134.927 -0.029

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.


National Investment Trust  (XMAU:NIT) 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.


National Investment Trust Cyclically Adjusted Price-to-FCF Related Terms

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


National Investment Trust Business Description

Traded in Other Exchanges
N/A
Address
Sir William Newton Street, Level 8, Newton Tower, Port Louis, MUS, 11328
National Investment Trust Ltd is a closed-end fund. It invests in shares and securities in both the local and international markets. The investment objective of the NIT Local Equity Fund is to produce both income and capital growth from a diversified portfolio of domestic securities. The company has eight Funds under namely, the NIT Local Equity Fund, NIT Global Opportunities Fund, NIT North America Fund, NIT Europe Fund, NIT Emerging Markets Fund, NIT Global Healthcare Fund, NIT Global Bond Fund and the NIT Global Value.

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