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Porsche Automobil Holding SE (WBO:PAH3) Cyclically Adjusted Price-to-FCF : 12.80 (As of Apr. 28, 2024)


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What is Porsche Automobil Holding SE Cyclically Adjusted Price-to-FCF?

As of today (2024-04-28), Porsche Automobil Holding SE's current share price is €49.42. Porsche Automobil Holding SE's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was €3.86. Porsche Automobil Holding SE's Cyclically Adjusted Price-to-FCF for today is 12.80.

The historical rank and industry rank for Porsche Automobil Holding SE's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

WBO:PAH3' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 10.51   Med: 12.31   Max: 24.31
Current: 12.76

During the past years, Porsche Automobil Holding SE's highest Cyclically Adjusted Price-to-FCF was 24.31. The lowest was 10.51. And the median was 12.31.

WBO:PAH3's Cyclically Adjusted Price-to-FCF is ranked better than
70.27% of 481 companies
in the Vehicles & Parts industry
Industry Median: 21.61 vs WBO:PAH3: 12.76

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.

Porsche Automobil Holding SE's adjusted free cash flow per share data for the three months ended in Dec. 2023 was €0.588. 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 €3.86 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Porsche Automobil Holding SE Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Porsche Automobil Holding SE'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.

Porsche Automobil Holding SE Cyclically Adjusted Price-to-FCF Chart

Porsche Automobil Holding SE 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 - - - - 11.98

Porsche Automobil Holding SE 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 - 22.43 13.87 11.60 11.98

Competitive Comparison of Porsche Automobil Holding SE's Cyclically Adjusted Price-to-FCF

For the Auto Manufacturers subindustry, Porsche Automobil Holding SE'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.


Porsche Automobil Holding SE's Cyclically Adjusted Price-to-FCF Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Porsche Automobil Holding SE's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Porsche Automobil Holding SE's Cyclically Adjusted Price-to-FCF falls into.



Porsche Automobil Holding SE 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.

Porsche Automobil Holding SE's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=49.42/3.86
=12.80

* 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.

Porsche Automobil Holding SE's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, Porsche Automobil Holding SE'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)
=0.588/123.6675*123.6675
=0.588

Current CPI (Dec. 2023) = 123.6675.

Porsche Automobil Holding SE Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
200901 0.000 91.706 0.000
200907 0.000 92.359 0.000
201001 0.000 92.359 0.000
201006 0.000 93.199 0.000
201106 0.000 95.158 0.000
201112 0.000 95.998 0.000
201206 0.000 96.744 0.000
201212 0.000 97.957 0.000
201306 0.000 98.516 0.000
201312 0.000 99.356 0.000
201406 0.000 99.543 0.000
201412 0.000 99.543 0.000
201506 0.000 100.417 0.000
201512 0.000 99.717 0.000
201606 0.000 100.717 0.000
201612 0.000 101.217 0.000
201706 0.000 102.117 0.000
201712 0.000 102.617 0.000
201806 0.000 104.017 0.000
201812 0.000 104.217 0.000
201903 0.000 104.217 0.000
201906 0.000 105.718 0.000
201909 0.000 106.018 0.000
201912 0.000 105.818 0.000
202003 0.000 105.718 0.000
202006 0.000 106.618 0.000
202009 0.000 105.818 0.000
202012 0.000 105.518 0.000
202103 -0.010 107.518 -0.012
202106 -0.036 108.486 -0.041
202109 2.449 109.435 2.768
202112 -0.010 110.384 -0.011
202203 -0.036 113.968 -0.039
202206 2.838 115.760 3.032
202209 -0.056 118.818 -0.058
202212 -0.163 119.345 -0.169
202303 -0.104 122.402 -0.105
202306 4.604 123.140 4.624
202309 1.029 124.195 1.025
202312 0.588 123.668 0.588

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.


Porsche Automobil Holding SE  (WBO:PAH3) 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.


Porsche Automobil Holding SE Cyclically Adjusted Price-to-FCF Related Terms

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


Porsche Automobil Holding SE (WBO:PAH3) Business Description

Address
Porscheplatz 1, Stuttgart, BW, DEU, 70435
Porsche Automobil Holding SE is an automotive holdings company. The company's core investment is a controlling stake in Volkswagen AG. Through this stake, Porsche SE has an interest in passenger and luxury car manufacturers which include Volkswagen, Audi, SEAT, SKODA, Bentley, Bugatti, Lamborghini, and Porsche; motorcycles under the Ducati brand name; and commercial vehicles under Volkswagen Commercial Vehicles, Scania, and MAN. In addition to the automobile manufacturers, this core investment provides Porsche Automobil exposure to the Volkswagen Financial Services financing business. Porsche SE also has a minority stake in technology company INRIX, a company that provides connected-car services and real-time traffic information.

Porsche Automobil Holding SE (WBO:PAH3) Headlines

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