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Accenture (FRA:CSA) Cyclically Adjusted Price-to-FCF : 28.18 (As of Apr. 28, 2024)


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What is Accenture Cyclically Adjusted Price-to-FCF?

As of today (2024-04-28), Accenture's current share price is €287.70. Accenture's Cyclically Adjusted FCF per Share for the quarter that ended in Feb. 2024 was €10.21. Accenture's Cyclically Adjusted Price-to-FCF for today is 28.18.

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

FRA:CSA' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 20.88   Med: 29.3   Max: 52.74
Current: 28.01

During the past years, Accenture's highest Cyclically Adjusted Price-to-FCF was 52.74. The lowest was 20.88. And the median was 29.30.

FRA:CSA's Cyclically Adjusted Price-to-FCF is ranked better than
50.3% of 670 companies
in the Software industry
Industry Median: 28.305 vs FRA:CSA: 28.01

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.

Accenture's adjusted free cash flow per share data for the three months ended in Feb. 2024 was €2.899. 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 €10.21 for the trailing ten years ended in Feb. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Accenture Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Accenture'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.

Accenture Cyclically Adjusted Price-to-FCF Chart

Accenture Annual Data
Trend Aug14 Aug15 Aug16 Aug17 Aug18 Aug19 Aug20 Aug21 Aug22 Aug23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 33.40 36.05 43.53 31.35 30.20

Accenture Quarterly Data
May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24
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 27.13 29.87 30.20 31.07 34.08

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

For the Information Technology Services subindustry, Accenture'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.


Accenture's Cyclically Adjusted Price-to-FCF Distribution in the Software Industry

For the Software industry and Technology sector, Accenture's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Accenture 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=287.70/10.21
=28.18

* 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.

Accenture's Cyclically Adjusted FCF per Share for the quarter that ended in Feb. 2024 is calculated as:

For example, Accenture's adjusted Free Cash Flow per Share data for the three months ended in Feb. 2024 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Feb. 2024 (Change)*Current CPI (Feb. 2024)
=2.899/120.1096*120.1096
=2.899

Current CPI (Feb. 2024) = 120.1096.

Accenture Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201405 1.346 100.573 1.607
201408 1.690 100.773 2.014
201411 0.965 99.975 1.159
201502 0.285 99.377 0.344
201505 1.716 100.374 2.053
201508 1.914 100.773 2.281
201511 0.761 99.776 0.916
201602 0.292 99.277 0.353
201605 1.990 100.374 2.381
201608 2.555 100.673 3.048
201611 1.396 99.676 1.682
201702 0.071 99.776 0.085
201705 2.276 100.573 2.718
201708 2.252 101.072 2.676
201711 1.132 100.174 1.357
201802 0.977 100.274 1.170
201805 2.344 100.972 2.788
201808 2.556 101.769 3.017
201811 1.282 100.773 1.528
201902 1.655 100.872 1.971
201905 2.731 101.969 3.217
201908 2.592 102.467 3.038
201911 0.964 101.869 1.137
202002 1.930 101.969 2.273
202005 3.681 101.470 4.357
202008 3.875 101.470 4.587
202011 1.974 100.773 2.353
202102 3.125 101.570 3.695
202105 2.860 103.165 3.330
202108 2.900 104.361 3.338
202111 0.474 106.155 0.536
202202 2.723 107.251 3.049
202205 4.236 111.239 4.574
202208 5.570 113.431 5.898
202211 0.609 115.624 0.633
202302 3.255 116.322 3.361
202305 4.534 118.615 4.591
202308 4.633 120.608 4.614
202311 0.623 120.110 0.623
202402 2.899 120.110 2.899

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.


Accenture  (FRA:CSA) 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.


Accenture Cyclically Adjusted Price-to-FCF Related Terms

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


Accenture (FRA:CSA) Business Description

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Accenture is a leading global IT-services firm that provides consulting, strategy, and technology and operational services. These services run the gamut from aiding enterprises with digital transformation to procurement services to software system integration. The company provides its IT offerings to a variety of sectors, including communications, media and technology, financial services, health and public services, consumer products, and resources. Accenture employs just under 500,000 people throughout 200 cities in 51 countries.

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