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Tsakos Energy Navigation (FRA:TK41) Cyclically Adjusted Price-to-FCF : 7.10 (As of Apr. 29, 2024)


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What is Tsakos Energy Navigation Cyclically Adjusted Price-to-FCF?

As of today (2024-04-29), Tsakos Energy Navigation's current share price is €23.70. Tsakos Energy Navigation's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was €3.34. Tsakos Energy Navigation's Cyclically Adjusted Price-to-FCF for today is 7.10.

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

FRA:TK41' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 5.09   Med: 10.89   Max: 27.19
Current: 7.06

During the past years, Tsakos Energy Navigation's highest Cyclically Adjusted Price-to-FCF was 27.19. The lowest was 5.09. And the median was 10.89.

FRA:TK41's Cyclically Adjusted Price-to-FCF is ranked better than
76.14% of 394 companies
in the Oil & Gas industry
Industry Median: 14.36 vs FRA:TK41: 7.06

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.

Tsakos Energy Navigation's adjusted free cash flow per share data for the three months ended in Dec. 2023 was €2.866. 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 €3.34 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Tsakos Energy Navigation Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Tsakos Energy Navigation'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.

Tsakos Energy Navigation Cyclically Adjusted Price-to-FCF Chart

Tsakos Energy Navigation 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 - - 9.93 8.61 6.06

Tsakos Energy Navigation 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 8.61 7.61 5.18 5.99 6.06

Competitive Comparison of Tsakos Energy Navigation's Cyclically Adjusted Price-to-FCF

For the Oil & Gas Midstream subindustry, Tsakos Energy Navigation'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.


Tsakos Energy Navigation's Cyclically Adjusted Price-to-FCF Distribution in the Oil & Gas Industry

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

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



Tsakos Energy Navigation 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.

Tsakos Energy Navigation's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=23.70/3.34
=7.10

* 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.

Tsakos Energy Navigation's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, Tsakos Energy Navigation'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)
=2.866/116.4647*116.4647
=2.866

Current CPI (Dec. 2023) = 116.4647.

Tsakos Energy Navigation Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 -1.565 102.748 -1.774
201406 -2.529 103.060 -2.858
201409 -3.416 102.624 -3.877
201412 0.533 100.254 0.619
201503 0.630 100.549 0.730
201506 0.490 100.838 0.566
201509 0.585 100.856 0.676
201512 -0.805 100.087 -0.937
201603 -2.230 99.041 -2.622
201606 -6.237 100.121 -7.255
201609 2.387 99.878 2.783
201612 1.823 100.110 2.121
201703 -5.133 100.770 -5.932
201706 -0.957 101.138 -1.102
201709 1.420 100.882 1.639
201712 1.538 100.762 1.778
201803 1.134 100.534 1.314
201806 0.170 102.121 0.194
201809 -0.183 101.982 -0.209
201812 1.956 101.330 2.248
201903 1.982 101.482 2.275
201906 2.288 101.837 2.617
201909 1.873 101.906 2.141
201912 3.130 102.120 3.570
202003 2.492 101.479 2.860
202006 3.937 100.239 4.574
202009 2.058 99.886 2.400
202012 0.821 99.751 0.959
202103 0.573 99.817 0.669
202106 0.808 101.270 0.929
202109 0.198 102.095 0.226
202112 0.723 104.853 0.803
202203 0.862 108.651 0.924
202206 1.624 113.517 1.666
202209 2.867 114.371 2.919
202212 4.294 112.428 4.448
202303 3.640 113.620 3.731
202306 4.489 115.515 4.526
202309 1.415 116.234 1.418
202312 2.866 116.465 2.866

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.


Tsakos Energy Navigation  (FRA:TK41) 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.


Tsakos Energy Navigation Cyclically Adjusted Price-to-FCF Related Terms

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


Tsakos Energy Navigation (FRA:TK41) Business Description

Industry
Traded in Other Exchanges
Address
367 Syngrou Avenue, Ktirio Macedonia, P.O Box 79141, Palaio Faliro, Athens, GRC, 175 64
Tsakos Energy Navigation Ltd is a seaborne transportation service provider for crude oil and petroleum products. The company's carriers cater to national and international independent oil companies and refiners. It generates revenue through charter contracts with its clients, which include time, bareboat, and voyage charters, contracts of affreightment, and pool arrangements.

Tsakos Energy Navigation (FRA:TK41) Headlines

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