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PG&E (XSWX:PCG) Cyclically Adjusted Price-to-FCF : (As of May. 21, 2024)


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What is PG&E Cyclically Adjusted Price-to-FCF?

Note: If the price history is too short, we do not calculate current Cyclically Adjusted Price-to-FCF for this stock. All the historical data is shown as the company's primary share's data instead.

Shiller PE for Stocks: The True Measure of Stock Valuation


PG&E Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for PG&E'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.

PG&E Cyclically Adjusted Price-to-FCF Chart

PG&E Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
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PG&E Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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Competitive Comparison of PG&E's Cyclically Adjusted Price-to-FCF

For the Utilities - Regulated Electric subindustry, PG&E'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.


PG&E's Cyclically Adjusted Price-to-FCF Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, PG&E's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



PG&E 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.

PG&E's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, PG&E's adjusted Free Cash Flow per Share data for the three months ended in Mar. 2024 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=-0.711/131.7762*131.7762
=-0.711

Current CPI (Mar. 2024) = 131.7762.

PG&E Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -1.173 100.560 -1.537
201409 0.861 100.428 1.130
201412 -1.110 99.070 -1.476
201503 -0.231 99.621 -0.306
201506 -0.871 100.684 -1.140
201509 -0.349 100.392 -0.458
201512 -1.422 99.792 -1.878
201603 -0.294 100.470 -0.386
201606 -1.431 101.688 -1.854
201609 -0.019 101.861 -0.025
201612 -0.985 101.863 -1.274
201703 0.761 102.862 0.975
201706 -0.156 103.349 -0.199
201709 1.057 104.136 1.338
201712 -0.970 104.011 -1.229
201803 0.085 105.290 0.106
201806 -0.391 106.317 -0.485
201809 -0.436 106.507 -0.539
201812 -3.062 105.998 -3.807
201903 2.167 107.251 2.663
201906 -1.412 108.070 -1.722
201909 -0.993 108.329 -1.208
201912 -2.875 108.420 -3.494
202003 -0.073 108.902 -0.088
202006 -0.145 108.767 -0.176
202009 -47.762 109.815 -57.314
202012 -3.854 109.897 -4.621
202103 -1.145 111.754 -1.350
202106 -3.489 114.631 -4.011
202109 -2.008 115.734 -2.286
202112 -3.935 117.630 -4.408
202203 -1.281 121.301 -1.392
202206 -4.637 125.017 -4.888
202209 -3.718 125.227 -3.912
202212 -2.303 125.222 -2.424
202303 -2.168 127.348 -2.243
202306 -2.136 128.729 -2.187
202309 -1.167 129.860 -1.184
202312 -3.922 129.419 -3.993
202403 -0.711 131.776 -0.711

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.


PG&E  (XSWX:PCG) 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.


PG&E Cyclically Adjusted Price-to-FCF Related Terms

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


PG&E (XSWX:PCG) Business Description

Industry
Address
300 Lakeside Drive, Oakland, CA, USA, 94612
PG&E is a holding company whose main subsidiary is Pacific Gas and Electric, a regulated utility operating in Central and Northern California that serves 5.3 million electricity customers and 4.6 million gas customers in 47 of the state's 58 counties. PG&E operated under bankruptcy court supervision between January 2019 and June 2020. In 2004, PG&E sold its unregulated assets as part of an earlier postbankruptcy reorganization.