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Brookfield (Brookfield) Cyclically Adjusted Price-to-FCF : 27.75 (As of Apr. 29, 2024)


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What is Brookfield Cyclically Adjusted Price-to-FCF?

As of today (2024-04-29), Brookfield's current share price is $41.07. Brookfield's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was $1.48. Brookfield's Cyclically Adjusted Price-to-FCF for today is 27.75.

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

BN' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 18.62   Med: 33.92   Max: 344.47
Current: 28.52

During the past years, Brookfield's highest Cyclically Adjusted Price-to-FCF was 344.47. The lowest was 18.62. And the median was 33.92.

BN's Cyclically Adjusted Price-to-FCF is ranked worse than
60.98% of 510 companies
in the Asset Management industry
Industry Median: 20.185 vs BN: 28.52

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.

Brookfield's adjusted free cash flow per share data for the three months ended in Dec. 2023 was $-0.759. 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 $1.48 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Brookfield Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Brookfield'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.

Brookfield Cyclically Adjusted Price-to-FCF Chart

Brookfield 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 36.58 29.21 36.38 20.20 27.09

Brookfield 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 20.20 20.64 22.22 20.12 27.09

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

For the Asset Management subindustry, Brookfield'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.


Brookfield's Cyclically Adjusted Price-to-FCF Distribution in the Asset Management Industry

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

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



Brookfield 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=41.07/1.48
=27.75

* 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.

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

For example, Brookfield'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)
=-0.759/125.4675*125.4675
=-0.759

Current CPI (Dec. 2023) = 125.4675.

Brookfield Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 -0.028 98.604 -0.036
201406 0.328 99.473 0.414
201409 -0.048 99.394 -0.061
201412 0.783 98.367 0.999
201503 0.174 99.789 0.219
201506 0.273 100.500 0.341
201509 0.468 100.421 0.585
201512 0.227 99.947 0.285
201603 -0.056 101.054 -0.070
201606 0.365 102.002 0.449
201609 0.177 101.765 0.218
201612 0.613 101.449 0.758
201703 0.099 102.634 0.121
201706 0.509 103.029 0.620
201709 0.515 103.345 0.625
201712 0.453 103.345 0.550
201803 0.628 105.004 0.750
201806 0.359 105.557 0.427
201809 -0.027 105.636 -0.032
201812 1.223 105.399 1.456
201903 0.723 106.979 0.848
201906 0.103 107.690 0.120
201909 0.758 107.611 0.884
201912 0.612 107.769 0.713
202003 0.178 107.927 0.207
202006 0.686 108.401 0.794
202009 0.875 108.164 1.015
202012 1.111 108.559 1.284
202103 0.098 110.298 0.111
202106 0.177 111.720 0.199
202109 0.511 112.905 0.568
202112 -0.157 113.774 -0.173
202203 -0.687 117.646 -0.733
202206 0.908 120.806 0.943
202209 0.130 120.648 0.135
202212 0.605 120.964 0.628
202303 -0.273 122.702 -0.279
202306 -0.789 124.203 -0.797
202309 0.807 125.230 0.809
202312 -0.759 125.468 -0.759

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.


Brookfield  (NYSE:BN) 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.


Brookfield Cyclically Adjusted Price-to-FCF Related Terms

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


Brookfield (Brookfield) Business Description

Address
181 Bay Street, Suite 100, Brookfield Place, P.O. Box 762, Toronto, ON, CAN, M5J 2T3
Brookfield Corp owns and manages the commercial property, power, and infrastructure assets. Its investment focus includes Real Estate, Infrastructure, Renewable Power and Private Equity. Real Estate is made up of office and retail properties; Renewable power is made up of hydroelectric, wind, solar, and storage generating facilities; Infrastructure is made up of utilities, transport, energy, data infrastructure, and sustainable resource assets; and Private Equity is focused on business services, infrastructure services, and industrial operations. The company generates the majority revenue through Private Equity. Located around the world, its assets are concentrated in the United States, and Canada.