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Equus Total Return (Equus Total Return) Cyclically Adjusted Price-to-FCF : (As of May. 16, 2024)


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What is Equus Total Return Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Equus Total Return Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Equus Total Return'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.

Equus Total Return Cyclically Adjusted Price-to-FCF Chart

Equus Total Return 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 10.34 15.81 44.36 - -

Equus Total Return 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 - - - - -

Competitive Comparison of Equus Total Return's Cyclically Adjusted Price-to-FCF

For the Asset Management subindustry, Equus Total Return'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.


Equus Total Return's Cyclically Adjusted Price-to-FCF Distribution in the Asset Management Industry

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

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



Equus Total Return 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.

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

For example, Equus Total Return'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)
=-2.505/129.4194*129.4194
=-2.505

Current CPI (Dec. 2023) = 129.4194.

Equus Total Return Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 1.385 99.695 1.798
201406 -0.128 100.560 -0.165
201409 -0.058 100.428 -0.075
201412 -1.243 99.070 -1.624
201503 1.442 99.621 1.873
201506 -0.078 100.684 -0.100
201509 -1.238 100.392 -1.596
201512 -0.020 99.792 -0.026
201603 -0.206 100.470 -0.265
201606 -1.118 101.688 -1.423
201609 -0.209 101.861 -0.266
201612 -0.040 101.863 -0.051
201703 -0.504 102.862 -0.634
201706 0.202 103.349 0.253
201709 1.186 104.136 1.474
201712 -0.118 104.011 -0.147
201803 -0.119 105.290 -0.146
201806 0.451 106.317 0.549
201809 -0.451 106.507 -0.548
201812 -0.789 105.998 -0.963
201903 -0.082 107.251 -0.099
201906 -0.068 108.070 -0.081
201909 -0.020 108.329 -0.024
201912 -0.233 108.420 -0.278
202003 0.173 108.902 0.206
202006 -0.152 108.767 -0.181
202009 -0.048 109.815 -0.057
202012 1.848 109.897 2.176
202103 1.896 111.754 2.196
202106 -0.099 114.631 -0.112
202109 -0.095 115.734 -0.106
202112 -0.141 117.630 -0.155
202203 -0.123 121.301 -0.131
202206 -0.128 125.017 -0.133
202209 -0.108 125.227 -0.112
202212 -0.211 125.222 -0.218
202303 -0.405 127.348 -0.412
202306 -0.315 128.729 -0.317
202309 -0.568 129.860 -0.566
202312 -2.505 129.419 -2.505

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.


Equus Total Return  (NYSE:EQS) 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.


Equus Total Return Cyclically Adjusted Price-to-FCF Related Terms

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


Equus Total Return (Equus Total Return) Business Description

Traded in Other Exchanges
N/A
Address
700 Louisiana Street, 48th Floor, Houston, TX, USA, 77002
Equus Total Return Inc is a United States-based closed-end management investment company providing financial solutions for privately-owned middle market and small capitalization companies. Its investment objective is to seek the highest total return, consisting of capital appreciation and current income. It focuses to provide long-term capital gains by investing in the debt and equity securities of small and middle-market capitalization companies that are generally not publicly traded at the time of its investment. Its investment operations include investment selection, due diligence, structuring investments, and providing management assistance and monitoring of investments.
Executives
Robert L Knauss director 5151 SAN FELIPE, SUITE 1661, HOUSTON TX 77056
Pallieres Bertrand Des director EQUUS TOTAL RETURN, INC., 8 GREENWAY PLAZA, SUITE 930, HOUSTON TX 77046
Michael T Tokarz 10 percent owner 287 BOWMAN AVENUE, SUITE 331, PURCHASE NY 10577
Mvc Capital, Inc. 10 percent owner RIVERVIEW AT PURCHASE, 287 BOWMAN AVENUE, 3RD FLOOR, PURCHASE NY 10577
Tokarz Group Advisers Llc 10 percent owner RIVERVIEW PLAZA, 287 BOWMAN AVENUE, 2ND FLOOR, PURCHASE NY 10577
John A. Hardy director C/O EQUUS TOTAL RETURN, INC., 8 GREENWAY PLAZA, SUITE 930, HOUSTON TX 77046
Richard F Bergner director 2727 ALLEN PARKWAY, 13TH FLOOR, HOUSTON TX 77019
Fraser Atkinson director C/O EQUUS TOTAL RETURN, INC., 8 GREENWAY PLAZA, SUITE 930, HOUSTON TX 77046
Henry W Hankinson director 2727 ALLEN PARKWAY, 13TH FLOOR, HOUSTON TX 77019
Kenneth I Denos officer: Executive VP and Secretary 10757 SOUTH RIVER FRONT PARKWAY, SUITE 125, SOUTH JORDAN UT 84095
Mobiquity Investments Ltd director 19105 36TH AVENUE WEST, SUITE 213, LYNNWOOD WA 98036
Alessandro Benedetti director C/O EQUUS TOTAL RETURN, INC., 8 GREENWAY PLAZA, SUITE 930, HOUSTON TX 77046
Tiel Trust Fbo Paula T. Douglass 10 percent owner P.O. BOX 130197, HOUSTON TX 77219
Tiel Trust Fbo Sam P. Douglass 10 percent owner P.O. BOX 130197, HOUSTON TX 77219
Douglass Trust Iv - Fbo S. Preston Douglass 10 percent owner P.O. BOX 130197, HOUSTON TX 77219

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