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GAM Holding AG (GAM Holding AG) Cyclically Adjusted Price-to-FCF : 0.57 (As of Apr. 27, 2024)


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What is GAM Holding AG Cyclically Adjusted Price-to-FCF?

As of today (2024-04-27), GAM Holding AG's current share price is $0.25. GAM Holding AG's Cyclically Adjusted FCF per Share for the fiscal year that ended in Dec23 was $0.44. GAM Holding AG's Cyclically Adjusted Price-to-FCF for today is 0.57.

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

GMHLF' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 0.65   Med: 1.95   Max: 4.34
Current: 0.65

During the past 13 years, GAM Holding AG's highest Cyclically Adjusted Price-to-FCF was 4.34. The lowest was 0.65. And the median was 1.95.

GMHLF's Cyclically Adjusted Price-to-FCF is ranked better than
97.44% of 507 companies
in the Asset Management industry
Industry Median: 20.19 vs GMHLF: 0.65

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.

GAM Holding AG's adjusted free cash flow per share data of for the fiscal year that ended in Dec23 was $-0.383. 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 $0.44 for the trailing ten years ended in Dec23.

Shiller PE for Stocks: The True Measure of Stock Valuation


GAM Holding AG Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for GAM Holding AG'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.

GAM Holding AG Cyclically Adjusted Price-to-FCF Chart

GAM Holding AG 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 3.14 2.89 1.96 1.63 1.07

GAM Holding AG Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 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 1.96 - 1.63 - 1.07

Competitive Comparison of GAM Holding AG's Cyclically Adjusted Price-to-FCF

For the Asset Management subindustry, GAM Holding AG'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.


GAM Holding AG's Cyclically Adjusted Price-to-FCF Distribution in the Asset Management Industry

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

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



GAM Holding AG 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.

GAM Holding AG's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=0.25/0.44
=0.57

* 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.

GAM Holding AG's Cyclically Adjusted FCF per Share for the fiscal year that ended in Dec23 is calculated as:

For example, GAM Holding AG's adjusted Free Cash Flow per Share data for the fiscal year that ended in Dec23 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Dec23 (Change)*Current CPI (Dec23)
=-0.383/106.4611*106.4611
=-0.383

Current CPI (Dec23) = 106.4611.

GAM Holding AG Annual Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201412 1.289 100.704 1.363
201512 1.204 99.386 1.290
201612 0.418 99.380 0.448
201712 0.861 100.213 0.915
201812 0.629 100.906 0.664
201912 0.080 101.063 0.084
202012 -0.129 100.241 -0.137
202112 -0.104 101.776 -0.109
202212 -0.517 104.666 -0.526
202312 -0.383 106.461 -0.383

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.


GAM Holding AG  (OTCPK:GMHLF) 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.


GAM Holding AG Cyclically Adjusted Price-to-FCF Related Terms

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


GAM Holding AG (GAM Holding AG) Business Description

Traded in Other Exchanges
Address
Hardstrasse 201, Zurich, CHE, CH-8037
GAM Holding AG is a global asset manager with products that cater to institutions, intermediaries, and private clients. Customers are offered directional and absolute return strategies across an array of asset classes and strategies. In addition to an asset-management business, clients are offered private labeling services, such as fund administration and management company services. Asset management services are distributed through the GAM and Julius Bae brands and include investment advice from internal and external professionals.

GAM Holding AG (GAM Holding AG) Headlines

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