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Alphabet (WBO:GOOA) Cyclically Adjusted Price-to-FCF : (As of Apr. 29, 2024)


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What is Alphabet Cyclically Adjusted Price-to-FCF?

Note: If the price history is too short, we do not calculate current Cyclically Adjusted Price-to-FCF for this stock. All the historical data is shown as the company's primary share's data instead.

Shiller PE for Stocks: The True Measure of Stock Valuation


Alphabet Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Alphabet'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.

Alphabet Cyclically Adjusted Price-to-FCF Chart

Alphabet 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 49.48 54.10 67.88 33.99 44.92

Alphabet Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 37.71 41.13 42.40 44.92 -

Competitive Comparison of Alphabet's Cyclically Adjusted Price-to-FCF

For the Internet Content & Information subindustry, Alphabet'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.


Alphabet's Cyclically Adjusted Price-to-FCF Distribution in the Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Alphabet's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Alphabet 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.

Alphabet's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Alphabet's adjusted Free Cash Flow per Share data for the three months ended in Mar. 2024 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=1.243/129.4194*129.4194
=1.243

Current CPI (Mar. 2024) = 129.4194.

Alphabet Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.160 100.560 0.206
201409 0.202 100.428 0.260
201412 0.201 99.070 0.263
201503 0.254 99.621 0.330
201506 0.295 100.684 0.379
201509 0.240 100.392 0.309
201512 0.297 99.792 0.385
201603 0.335 100.470 0.432
201606 0.446 101.688 0.568
201609 0.465 101.861 0.591
201612 0.429 101.863 0.545
201703 0.469 102.862 0.590
201706 0.289 103.349 0.362
201709 0.378 104.136 0.470
201712 0.357 104.011 0.444
201803 0.250 105.290 0.307
201806 0.283 106.317 0.344
201809 0.483 106.507 0.587
201812 0.370 105.998 0.452
201903 0.465 107.251 0.561
201906 0.411 108.070 0.492
201909 0.568 108.329 0.679
201912 0.542 108.420 0.647
202003 0.356 108.902 0.423
202006 0.556 108.767 0.662
202009 0.718 109.815 0.846
202012 1.035 109.897 1.219
202103 0.822 111.754 0.952
202106 1.001 114.631 1.130
202109 1.176 115.734 1.315
202112 1.221 117.630 1.343
202203 1.042 121.301 1.112
202206 0.840 125.017 0.870
202209 1.237 125.227 1.278
202212 1.171 125.222 1.210
202303 1.254 127.348 1.274
202306 1.470 128.729 1.478
202309 1.667 129.860 1.661
202312 0.575 129.419 0.575
202403 1.243 129.419 1.243

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.


Alphabet  (WBO:GOOA) 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.


Alphabet Cyclically Adjusted Price-to-FCF Related Terms

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Alphabet (WBO:GOOA) Business Description

Address
1600 Amphitheatre Parkway, Mountain View, CA, USA, 94043
Alphabet is a holding company. Internet media giant Google is a wholly owned subsidiary. Google generates 99% of Alphabet revenue, of which more than 85% is from online ads. Google's other revenue is from sales of apps and content on Google Play and YouTube, as well as cloud service fees and other licensing revenue. Sales of hardware such as Chromebooks, the Pixel smartphone, and smart home products, which include Nest and Google Home, also contribute to other revenue. Alphabet's moonshot investments are in its other bets segment, where it bets on technology to enhance health (Verily), provide faster internet access (Google Fiber), enable self-driving cars (Waymo), and more.

Alphabet (WBO:GOOA) Headlines

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