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TAG Oil (TAG Oil) Cyclically Adjusted Price-to-FCF : (As of May. 16, 2024)


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What is TAG Oil Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


TAG Oil Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for TAG Oil'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.

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TAG Oil Cyclically Adjusted Price-to-FCF Chart

TAG Oil Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Cyclically Adjusted Price-to-FCF
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TAG Oil Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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Competitive Comparison of TAG Oil's Cyclically Adjusted Price-to-FCF

For the Oil & Gas E&P subindustry, TAG Oil'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.


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

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

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



TAG Oil 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.

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

For example, TAG Oil'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)
=-0.028/125.0724*125.0724
=-0.028

Current CPI (Dec. 2023) = 125.0724.

TAG Oil Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 -0.244 98.604 -0.309
201406 -0.079 99.473 -0.099
201409 -0.066 99.394 -0.083
201412 -0.110 98.367 -0.140
201503 -0.050 99.789 -0.063
201506 -0.083 100.500 -0.103
201509 0.012 100.421 0.015
201512 -0.059 99.947 -0.074
201603 -0.010 101.054 -0.012
201606 -0.023 102.002 -0.028
201609 -0.018 101.765 -0.022
201612 -0.035 101.449 -0.043
201703 -0.029 102.634 -0.035
201706 -0.071 103.029 -0.086
201709 -0.089 103.345 -0.108
201712 0.006 103.345 0.007
201803 -0.014 105.004 -0.017
201806 0.016 105.557 0.019
201809 -0.004 105.636 -0.005
201812 -0.004 105.399 -0.005
201903 -0.008 106.979 -0.009
201906 0.011 107.690 0.013
201909 -0.028 107.611 -0.033
201912 0.003 107.769 0.003
202003 0.009 107.927 0.010
202006 -0.011 108.401 -0.013
202009 -0.010 108.164 -0.012
202012 -0.006 108.559 -0.007
202103 -0.008 110.298 -0.009
202106 -0.009 111.720 -0.010
202109 -0.007 112.905 -0.008
202112 -0.011 113.774 -0.012
202203 -0.008 117.646 -0.009
202206 -0.007 120.806 -0.007
202209 -0.006 120.648 -0.006
202212 -0.040 120.964 -0.041
202303 -0.025 122.702 -0.025
202306 -0.026 124.203 -0.026
202309 -0.022 125.230 -0.022
202312 -0.028 125.072 -0.028

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.


TAG Oil  (OTCPK:TAOIF) 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.


TAG Oil Cyclically Adjusted Price-to-FCF Related Terms

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TAG Oil (TAG Oil) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » TAG Oil Ltd (OTCPK:TAOIF) » Definitions » Cyclically Adjusted Price-to-FCF
Traded in Other Exchanges
Address
1710 - 1050 West Pender Street, Suite 2040, Vancouver, BC, CAN, V6E 3S7
TAG Oil Ltd is a Canada-based oil and gas exploration, development, and production company. It operates through three geographical segments namely Canada, New Zealand, and Australia. Geographically, the firm generates a majority of its revenue from New Zealand.