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Pembina Pipeline (Pembina Pipeline) Cyclically Adjusted Price-to-FCF : 47.76 (As of Apr. 27, 2024)


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What is Pembina Pipeline Cyclically Adjusted Price-to-FCF?

As of today (2024-04-27), Pembina Pipeline's current share price is $35.82. Pembina Pipeline's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was $0.75. Pembina Pipeline's Cyclically Adjusted Price-to-FCF for today is 47.76.

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

PBA' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 45.64   Med: 81.07   Max: 652.88
Current: 49.47

During the past years, Pembina Pipeline's highest Cyclically Adjusted Price-to-FCF was 652.88. The lowest was 45.64. And the median was 81.07.

PBA's Cyclically Adjusted Price-to-FCF is ranked worse than
85.2% of 392 companies
in the Oil & Gas industry
Industry Median: 14.585 vs PBA: 49.47

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.

Pembina Pipeline's adjusted free cash flow per share data for the three months ended in Dec. 2023 was $0.951. 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 $0.75 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Pembina Pipeline Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Pembina Pipeline'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.

Pembina Pipeline Cyclically Adjusted Price-to-FCF Chart

Pembina Pipeline 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 - - - 88.87 46.27

Pembina Pipeline 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 88.87 80.70 61.70 49.25 46.27

Competitive Comparison of Pembina Pipeline's Cyclically Adjusted Price-to-FCF

For the Oil & Gas Midstream subindustry, Pembina Pipeline'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.


Pembina Pipeline's Cyclically Adjusted Price-to-FCF Distribution in the Oil & Gas Industry

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

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



Pembina Pipeline 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=35.82/0.75
=47.76

* 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.

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

For example, Pembina Pipeline'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)
=0.951/125.4675*125.4675
=0.951

Current CPI (Dec. 2023) = 125.4675.

Pembina Pipeline Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 -0.069 98.604 -0.088
201406 -0.406 99.473 -0.512
201409 -0.431 99.394 -0.544
201412 -0.738 98.367 -0.941
201503 -0.881 99.789 -1.108
201506 -0.420 100.500 -0.524
201509 -0.636 100.421 -0.795
201512 -0.327 99.947 -0.410
201603 -0.209 101.054 -0.259
201606 -0.213 102.002 -0.262
201609 -0.563 101.765 -0.694
201612 -0.315 101.449 -0.390
201703 -0.715 102.634 -0.874
201706 -0.211 103.029 -0.257
201709 -0.079 103.345 -0.096
201712 0.314 103.345 0.381
201803 0.265 105.004 0.317
201806 0.522 105.557 0.620
201809 0.286 105.636 0.340
201812 0.462 105.399 0.550
201903 0.362 106.979 0.425
201906 0.333 107.690 0.388
201909 0.168 107.611 0.196
201912 0.438 107.769 0.510
202003 -0.095 107.927 -0.110
202006 0.578 108.401 0.669
202009 0.357 108.164 0.414
202012 0.859 108.559 0.993
202103 0.476 110.298 0.541
202106 0.651 111.720 0.731
202109 1.008 112.905 1.120
202112 0.739 113.774 0.815
202203 0.681 117.646 0.726
202206 0.634 120.806 0.658
202209 0.798 120.648 0.830
202212 1.070 120.964 1.110
202303 0.426 122.702 0.436
202306 0.724 124.203 0.731
202309 0.638 125.230 0.639
202312 0.951 125.468 0.951

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.


Pembina Pipeline  (NYSE:PBA) 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.


Pembina Pipeline Cyclically Adjusted Price-to-FCF Related Terms

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


Pembina Pipeline (Pembina Pipeline) Business Description

Industry
Address
585 - 8th Avenue S.W., Suite 4000, Calgary, AB, CAN, T2P 1G1
Pembina Pipeline is a midstream company serving the Canadian and North American (primarily Bakken) markets with an integrated product portfolio. Its assets include pipelines and gas gathering as well as assets across fractionation, storage, and propane exports.