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Penske Automotive Group (Penske Automotive Group) Cyclically Adjusted Price-to-FCF : 19.83 (As of Apr. 27, 2024)


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What is Penske Automotive Group Cyclically Adjusted Price-to-FCF?

As of today (2024-04-27), Penske Automotive Group's current share price is $155.63. Penske Automotive Group's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was $7.85. Penske Automotive Group's Cyclically Adjusted Price-to-FCF for today is 19.83.

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

PAG' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 9.25   Med: 22.45   Max: 53.46
Current: 19.56

During the past years, Penske Automotive Group's highest Cyclically Adjusted Price-to-FCF was 53.46. The lowest was 9.25. And the median was 22.45.

PAG's Cyclically Adjusted Price-to-FCF is ranked better than
53.01% of 481 companies
in the Vehicles & Parts industry
Industry Median: 21.61 vs PAG: 19.56

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.

Penske Automotive Group's adjusted free cash flow per share data for the three months ended in Dec. 2023 was $-0.473. 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 $7.85 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Penske Automotive Group Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Penske Automotive Group'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.

Penske Automotive Group Cyclically Adjusted Price-to-FCF Chart

Penske Automotive Group 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 21.88 17.31 20.99 16.98 20.46

Penske Automotive Group 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 16.98 20.00 22.52 21.26 20.46

Competitive Comparison of Penske Automotive Group's Cyclically Adjusted Price-to-FCF

For the Auto & Truck Dealerships subindustry, Penske Automotive Group'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.


Penske Automotive Group's Cyclically Adjusted Price-to-FCF Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Penske Automotive Group's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Penske Automotive Group 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.

Penske Automotive Group's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=155.63/7.85
=19.83

* 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.

Penske Automotive Group's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, Penske Automotive Group'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)
=-0.473/129.4194*129.4194
=-0.473

Current CPI (Dec. 2023) = 129.4194.

Penske Automotive Group Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 0.828 99.695 1.075
201406 0.424 100.560 0.546
201409 0.241 100.428 0.311
201412 0.630 99.070 0.823
201503 1.931 99.621 2.509
201506 0.126 100.684 0.162
201509 0.374 100.392 0.482
201512 -0.302 99.792 -0.392
201603 0.411 100.470 0.529
201606 1.159 101.688 1.475
201609 1.851 101.861 2.352
201612 -1.441 101.863 -1.831
201703 1.807 102.862 2.274
201706 0.613 103.349 0.768
201709 0.927 104.136 1.152
201712 1.041 104.011 1.295
201803 1.281 105.290 1.575
201806 2.214 106.317 2.695
201809 0.581 106.507 0.706
201812 -0.454 105.998 -0.554
201903 0.334 107.251 0.403
201906 1.712 108.070 2.050
201909 3.698 108.329 4.418
201912 -2.456 108.420 -2.932
202003 2.297 108.902 2.730
202006 6.477 108.767 7.707
202009 0.345 109.815 0.407
202012 3.455 109.897 4.069
202103 2.443 111.754 2.829
202106 7.796 114.631 8.802
202109 4.367 115.734 4.883
202112 -1.649 117.630 -1.814
202203 4.199 121.301 4.480
202206 5.496 125.017 5.690
202209 3.679 125.227 3.802
202212 2.315 125.222 2.393
202303 3.017 127.348 3.066
202306 3.083 128.729 3.100
202309 4.922 129.860 4.905
202312 -0.473 129.419 -0.473

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.


Penske Automotive Group  (NYSE:PAG) 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.


Penske Automotive Group Cyclically Adjusted Price-to-FCF Related Terms

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


Penske Automotive Group (Penske Automotive Group) Business Description

Traded in Other Exchanges
Address
2555 Telegraph Road, Bloomfield Hills, MI, USA, 48302-0954
Penske Automotive Group operates in about 20 U.S. states and overseas. It has about 150 U.S. light-vehicle stores including in Puerto Rico as well as 189 franchised dealerships overseas, primarily in the United Kingdom. The company is the second-largest U.S.-based dealership in terms of light-vehicle revenue and sells more than 35 brands, with over 90% of retail automotive revenue coming from luxury and import names. Other services, in addition to new and used vehicles, are parts and repair and finance and insurance. The firm's Premier Truck Group owns 44 truck dealerships selling mostly Freightliner and Western Star brands, and Penske owns 20 CarShop used-vehicle stores in the U.S. and U.K. The company is based in Michigan and was called United Auto Group before changing its name in 2007.
Executives
Sandra E. Pierce director 2555 TELEGRAPH RD., BLOOMFIELD HILLS MI 48302
Kurnick Robert H Jr director, officer: President 2555 TELEGRAPH ROAD, BLOOMFIELD HILLS MI 48302-0954
John Barr director 2555 TELEGRAPH ROAD, BLOOMFIELD HILLS MI 48302-0954
Michelle Hulgrave officer: EVP & CFO 2555 TELEGRAPH RD., BLOOMFIELD HILLS MI 48302
Shane M. Spradlin officer: EVP, Gen. Counsel & Sec. 2555 TELEGRAPH RD., BLOOMFIELD HILLS MI 48302
Kimberly J Mcwaters director 20410 NORTH 19TH AVENUE, PHOENIX AZ 85027
Lisa Ann Davis director 2555 TELEGRAPH RD, BLOOMFIELD HILLS MI 48302
Greg C Smith director FORD MOTOR COMPANY, 21175 OAKWOOD BLVD, DEARBORN MI 48124
Denker Claude H Iii officer: EVP - Human Resources 2555 TELEGRAPH RD, BLOOMFIELD HILLS MI 48302
Roger S Penske director, 10 percent owner, officer: Chair & CEO 2555 TELEGRAPH ROAD, BLOOMFIELD HILLS MI 48302-0954
H Brian Thompson director 1950 OLD GALLOWS ROAD SUITE 201, VIENNA VA 22182
Ronald G Steinhart director 3890 WEST NORTHWEST HIGHWAY SUITE 400, DALLAS TX 75220
Michael R Eisenson director C/O CHARLESBANK CAPITAL PARTNERS, 600 ATLANTIC AV 28TH FL, BOSTON MA 02210
Gregory W Penske director 3534 NORTH PECK ROAD, EL MONTE CA 91731
Wolfgang Duerheimer director 2555 TELEGRAPH RD, BLOOMFIELD HILLS MI 48302