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Black Stone Minerals LP (Black Stone Minerals LP) Cyclically Adjusted Price-to-FCF : 14.77 (As of Apr. 28, 2024)


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What is Black Stone Minerals LP Cyclically Adjusted Price-to-FCF?

As of today (2024-04-28), Black Stone Minerals LP's current share price is $16.10. Black Stone Minerals LP's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was $1.09. Black Stone Minerals LP's Cyclically Adjusted Price-to-FCF for today is 14.77.

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

BSM' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 13.83   Med: 15.03   Max: 17.32
Current: 14.8

During the past years, Black Stone Minerals LP's highest Cyclically Adjusted Price-to-FCF was 17.32. The lowest was 13.83. And the median was 15.03.

BSM's Cyclically Adjusted Price-to-FCF is ranked worse than
51.02% of 392 companies
in the Oil & Gas industry
Industry Median: 14.585 vs BSM: 14.80

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.

Black Stone Minerals LP's adjusted free cash flow per share data for the three months ended in Dec. 2023 was $0.529. 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 $1.09 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Black Stone Minerals LP Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Black Stone Minerals LP'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.

Black Stone Minerals LP Cyclically Adjusted Price-to-FCF Chart

Black Stone Minerals LP 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 - - - - 14.68

Black Stone Minerals LP 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 - - - 16.19 14.68

Competitive Comparison of Black Stone Minerals LP's Cyclically Adjusted Price-to-FCF

For the Oil & Gas E&P subindustry, Black Stone Minerals LP'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.


Black Stone Minerals LP's Cyclically Adjusted Price-to-FCF Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Black Stone Minerals LP's Cyclically Adjusted Price-to-FCF falls into.



Black Stone Minerals LP 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.

Black Stone Minerals LP's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=16.10/1.09
=14.77

* 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.

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

For example, Black Stone Minerals LP'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)
=0.529/129.4194*129.4194
=0.529

Current CPI (Dec. 2023) = 129.4194.

Black Stone Minerals LP Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 0.161 99.695 0.209
201406 0.342 100.560 0.440
201409 0.418 100.428 0.539
201412 0.527 99.070 0.688
201503 0.319 99.621 0.414
201506 0.214 100.684 0.275
201509 0.057 100.392 0.073
201512 0.290 99.792 0.376
201603 -0.048 100.470 -0.062
201606 -0.419 101.688 -0.533
201609 0.142 101.861 0.180
201612 0.192 101.863 0.244
201703 -0.011 102.862 -0.014
201706 0.211 103.349 0.264
201709 0.219 104.136 0.272
201712 -1.489 104.011 -1.853
201803 -0.012 105.290 -0.015
201806 0.224 106.317 0.273
201809 0.080 106.507 0.097
201812 0.109 105.998 0.133
201903 0.176 107.251 0.212
201906 0.320 108.070 0.383
201909 0.433 108.329 0.517
201912 0.509 108.420 0.608
202003 0.328 108.902 0.390
202006 0.412 108.767 0.490
202009 0.306 109.815 0.361
202012 0.293 109.897 0.345
202103 0.267 111.754 0.309
202106 0.276 114.631 0.312
202109 0.270 115.734 0.302
202112 0.349 117.630 0.384
202203 0.377 121.301 0.402
202206 0.317 125.017 0.328
202209 0.475 125.227 0.491
202212 0.694 125.222 0.717
202303 0.601 127.348 0.611
202306 0.631 128.729 0.634
202309 0.544 129.860 0.542
202312 0.529 129.419 0.529

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.


Black Stone Minerals LP  (NYSE:BSM) 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.


Black Stone Minerals LP Cyclically Adjusted Price-to-FCF Related Terms

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


Black Stone Minerals LP (Black Stone Minerals LP) Business Description

Industry
Traded in Other Exchanges
N/A
Address
1001 Fannin Street, Suite 2020, Houston, TX, USA, 77002
Black Stone Minerals LP is an oil and natural gas mineral company. It owns oil and natural gas mineral interests, which make up the majority of the asset base. Its business is actively managing an existing portfolio of mineral and royalty assets to maximize its value and expanding asset base through acquisitions of additional mineral and royalty interests.
Executives
Carter Thomas L Jr officer: President, CEO, and Chairman 500 DALLAS STREET, SUITE 2300, HOUSTON TX 77002
D Mark Dewalch director C/O BLACK STONE MINERALS, L.P., 1001 FANNIN STREET, SUITE 2020, HOUSTON TX 77002
James Whitehead director 1001 FANNIN ST, SUITE 2020, HOUSTON TX 77006
Luke Stevens Putman officer: See Remarks 601 JEFFERSON, SUITE 3600, HOUSTON TX 77002
Evan Montgomery Kiefer officer: Interim CFO & Treasurer 1001 FANNIN ST, SUITE 2020, HOUSTON TX 77002
Dawn Smajstrla officer: VP, Chief Accounting Officer 801 LOUISIANA, STE 700, HOUSTON X1 77479
Jeffrey P. Wood officer: SVP, CFO EAGLE ROCK ENERGY PARTNERS, L.P., P.O. BOX 2968, HOUSTON TX 77252-2968
Carrie Pearson Clark officer: SVP, Land and Legal 825 TOWN & COUNTRY LANE, SUITE 1100, HOUSTON TX 77024
William N. Mathis director C/O BLACK STONE MINERALS, L.P., 1001 FANNIN STREET, SUITE 2020, HOUSTON TX 77002
Holbrook F Dorn officer: See Remarks C/O BLACK STONE MINERALS, L.P., 1001 FANNIN STREET, SUITE 2020, HOUSTON TX 77002
Brock Morris officer: See Remarks 1001 FANNIN STREET, SUITE 2020, HOUSTON TX 77002
Alexander D. Stuart director C/O BLACK STONE MINERALS, L.P., 1001 FANNIN STREET, SUITE 2020, HOUSTON TX 77002
William E. Randall director C/O BLACK STONE MINERALS, L.P., 1001 FANNIN STREET, SUITE 2020, HOUSTON TX 77002
Ricky J. Haeflinger director C/O BLACK STONE MINERALS, L.P., 1001 FANNIN STREET, SUITE 2020, HOUSTON TX 77002
William G Bardel director C/O HUDSON CITY BANCORP, INC., WEST 80 CENTURY ROAD, PARAMUS NJ 07652

Black Stone Minerals LP (Black Stone Minerals LP) Headlines

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