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Alphabet(Google) (GOOGL) Cyclically Adjusted Price-to-FCF : 61.39 (As of Apr. 27, 2024)


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What is Alphabet(Google) Cyclically Adjusted Price-to-FCF?

As of today (2024-04-27), Alphabet(Google)'s current share price is ARS3210.00. Alphabet(Google)'s Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was ARS52.29. Alphabet(Google)'s Cyclically Adjusted Price-to-FCF for today is 61.39.

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

BUE:GOOGL' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 33.59   Med: 48.65   Max: 77.01
Current: 55.29

During the past years, Alphabet(Google)'s highest Cyclically Adjusted Price-to-FCF was 77.01. The lowest was 33.59. And the median was 48.65.

BUE:GOOGL's Cyclically Adjusted Price-to-FCF is ranked worse than
82.35% of 136 companies
in the Interactive Media industry
Industry Median: 21.87 vs BUE:GOOGL: 55.29

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.

Alphabet(Google)'s adjusted free cash flow per share data for the three months ended in Dec. 2023 was ARS6,566.328. 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 ARS52.29 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Alphabet(Google) Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Alphabet(Google)'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.

Alphabet(Google) Cyclically Adjusted Price-to-FCF Chart

Alphabet(Google) 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 49.48 54.10 67.88 33.99 44.92

Alphabet(Google) 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 33.99 37.71 41.13 42.40 44.92

Competitive Comparison of Alphabet(Google)'s Cyclically Adjusted Price-to-FCF

For the Internet Content & Information subindustry, Alphabet(Google)'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.


Alphabet(Google)'s Cyclically Adjusted Price-to-FCF Distribution in the Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Alphabet(Google)'s Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Alphabet(Google)'s Cyclically Adjusted Price-to-FCF falls into.



Alphabet(Google) 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.

Alphabet(Google)'s Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=3210.00/52.29
=61.39

* 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.

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

For example, Alphabet(Google)'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)
=6566.328/129.4194*129.4194
=6,566.328

Current CPI (Dec. 2023) = 129.4194.

Alphabet(Google) Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 34.329 99.695 44.565
201406 51.168 100.560 65.853
201409 63.449 100.428 81.766
201412 61.338 99.070 80.129
201503 70.388 99.621 91.442
201506 87.362 100.684 112.295
201509 73.417 100.392 94.645
201512 121.351 99.792 157.378
201603 157.885 100.470 203.377
201606 203.158 101.688 258.561
201609 225.788 101.861 286.875
201612 207.957 101.863 264.215
201703 224.172 102.862 282.049
201706 155.373 103.349 194.567
201709 228.702 104.136 284.230
201712 234.082 104.011 291.265
201803 179.945 105.290 221.184
201806 239.374 106.317 291.390
201809 601.010 106.507 730.305
201812 460.686 105.998 562.480
201903 595.369 107.251 718.433
201906 601.703 108.070 720.574
201909 1,014.416 108.329 1,211.907
201912 1,044.136 108.420 1,246.369
202003 708.026 108.902 841.424
202006 1,242.891 108.767 1,478.884
202009 1,820.214 109.815 2,145.164
202012 2,971.411 109.897 3,499.267
202103 2,555.938 111.754 2,959.955
202106 3,313.506 114.631 3,740.964
202109 3,923.339 115.734 4,387.258
202112 4,040.044 117.630 4,444.974
202203 3,573.012 121.301 3,812.146
202206 3,098.399 125.017 3,207.512
202209 4,936.739 125.227 5,102.034
202212 6,033.084 125.222 6,235.321
202303 7,693.411 127.348 7,818.562
202306 11,084.902 128.729 11,144.379
202309 18,056.756 129.860 17,995.561
202312 6,566.328 129.419 6,566.328

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.


Alphabet(Google)  (BUE:GOOGL) 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.


Alphabet(Google) Cyclically Adjusted Price-to-FCF Related Terms

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Alphabet(Google) (GOOGL) Business Description

Address
1600 Amphitheatre Parkway, Mountain View, CA, USA, 94043
Alphabet is a holding company. Internet media giant Google is a wholly owned subsidiary. Google generates 99% of Alphabet revenue, of which more than 85% is from online ads. Google's other revenue is from sales of apps and content on Google Play and YouTube, as well as cloud service fees and other licensing revenue. Sales of hardware such as Chromebooks, the Pixel smartphone, and smart home products, which include Nest and Google Home, also contribute to other revenue. Alphabet's moonshot investments are in its other bets segment, where it bets on technology to enhance health (Verily), provide faster internet access (Google Fiber), enable self-driving cars (Waymo), and more.

Alphabet(Google) (GOOGL) Headlines