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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:
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 thanThe 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.
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.
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 | - | - | - | 16.19 | 14.68 |
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.
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.
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.
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.
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.
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 |
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