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Gibson Energy (TSX:GEI) Cyclically Adjusted Price-to-FCF : 17.29 (As of Apr. 27, 2024)


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What is Gibson Energy Cyclically Adjusted Price-to-FCF?

As of today (2024-04-27), Gibson Energy's current share price is C$22.65. Gibson Energy's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was C$1.31. Gibson Energy's Cyclically Adjusted Price-to-FCF for today is 17.29.

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

TSX:GEI' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 15.44   Med: 24.1   Max: 33.02
Current: 17.31

During the past years, Gibson Energy's highest Cyclically Adjusted Price-to-FCF was 33.02. The lowest was 15.44. And the median was 24.10.

TSX:GEI's Cyclically Adjusted Price-to-FCF is ranked worse than
56.27% of 391 companies
in the Oil & Gas industry
Industry Median: 14.51 vs TSX:GEI: 17.31

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.

Gibson Energy's adjusted free cash flow per share data for the three months ended in Dec. 2023 was C$0.690. 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 C$1.31 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Gibson Energy Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Gibson Energy'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.

Gibson Energy Cyclically Adjusted Price-to-FCF Chart

Gibson Energy 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 - 24.46 25.85 21.90 15.35

Gibson Energy 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 21.90 18.93 18.14 15.57 15.35

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

For the Oil & Gas Midstream subindustry, Gibson Energy'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.


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

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

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



Gibson Energy 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=22.65/1.31
=17.29

* 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.

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

For example, Gibson Energy'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)
=0.69/125.4675*125.4675
=0.690

Current CPI (Dec. 2023) = 125.4675.

Gibson Energy Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 -0.339 98.604 -0.431
201406 0.398 99.473 0.502
201409 -0.565 99.394 -0.713
201412 0.213 98.367 0.272
201503 0.619 99.789 0.778
201506 0.272 100.500 0.340
201509 -0.302 100.421 -0.377
201512 0.436 99.947 0.547
201603 -0.100 101.054 -0.124
201606 0.151 102.002 0.186
201609 -0.434 101.765 -0.535
201612 0.052 101.449 0.064
201703 0.333 102.634 0.407
201706 0.201 103.029 0.245
201709 -0.214 103.345 -0.260
201712 -0.085 103.345 -0.103
201803 0.604 105.004 0.722
201806 -0.026 105.557 -0.031
201809 0.507 105.636 0.602
201812 1.203 105.399 1.432
201903 -0.479 106.979 -0.562
201906 0.122 107.690 0.142
201909 0.836 107.611 0.975
201912 0.176 107.769 0.205
202003 0.711 107.927 0.827
202006 0.521 108.401 0.603
202009 0.366 108.164 0.425
202012 0.046 108.559 0.053
202103 0.130 110.298 0.148
202106 0.394 111.720 0.442
202109 0.322 112.905 0.358
202112 -0.182 113.774 -0.201
202203 1.667 117.646 1.778
202206 -0.054 120.806 -0.056
202209 1.132 120.648 1.177
202212 0.332 120.964 0.344
202303 0.956 122.702 0.978
202306 0.313 124.203 0.316
202309 0.952 125.230 0.954
202312 0.690 125.468 0.690

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.


Gibson Energy  (TSX:GEI) 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.


Gibson Energy Cyclically Adjusted Price-to-FCF Related Terms

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


Gibson Energy (TSX:GEI) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Gibson Energy Inc (TSX:GEI) » Definitions » Cyclically Adjusted Price-to-FCF
Traded in Other Exchanges
Address
440 - 2nd Avenue S.W., Suite 1700, Calgary, AB, CAN, T2P 5E9
Gibson Energy Inc. is an oil infrastructure company that collects, stores, and processes crude oil and refined products. Reportable segments include marketing, which deals with buying, selling, and optimizing products such as crude oil, natural gas liquid, road asphalt, and oil-based mud product; and infrastructure, which makes up a system of oil terminals, rail loading facilities, pipelines, and an oil processing facility. Gibson Energy Inc. services Canada and the United States, and the majority of revenue comes from the marketing segment.

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