GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » APA Corp (NAS:APA) » Definitions » Cyclically Adjusted Price-to-FCF

APA (APA) Cyclically Adjusted Price-to-FCF : 501.20 (As of Sep. 20, 2024)


View and export this data going back to 1969. Start your Free Trial

What is APA Cyclically Adjusted Price-to-FCF?

As of today (2024-09-20), APA's current share price is $25.06. APA's Cyclically Adjusted FCF per Share for the quarter that ended in Jun. 2024 was $0.05. APA's Cyclically Adjusted Price-to-FCF for today is 501.20.

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

APA' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 191.5   Med: 385.89   Max: 3438
Current: 492.59

During the past years, APA's highest Cyclically Adjusted Price-to-FCF was 3438.00. The lowest was 191.50. And the median was 385.89.

APA's Cyclically Adjusted Price-to-FCF is ranked worse than
98.46% of 390 companies
in the Oil & Gas industry
Industry Median: 12.605 vs APA: 492.59

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.

APA's adjusted free cash flow per share data for the three months ended in Jun. 2024 was $0.325. 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 $0.05 for the trailing ten years ended in Jun. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


APA Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for APA'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.

APA Cyclically Adjusted Price-to-FCF Chart

APA 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 - - - - 4,162.05

APA Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
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 - 234.49 4,162.05 369.51 571.84

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

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


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

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

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



APA 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=25.06/0.05
=501.20

* 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.

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

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

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Jun. 2024 (Change)*Current CPI (Jun. 2024)
=0.325/132.5538*132.5538
=0.325

Current CPI (Jun. 2024) = 132.5538.

APA Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201409 -2.635 100.428 -3.478
201412 -4.824 99.070 -6.454
201503 -3.000 99.621 -3.992
201506 -0.243 100.684 -0.320
201509 -0.563 100.392 -0.743
201512 -1.865 99.792 -2.477
201603 -0.862 100.470 -1.137
201606 0.702 101.688 0.915
201609 0.555 101.861 0.722
201612 0.871 101.863 1.133
201703 -0.151 102.862 -0.195
201706 0.104 103.349 0.133
201709 -0.572 104.136 -0.728
201712 -0.248 104.011 -0.316
201803 -0.682 105.290 -0.859
201806 0.249 106.317 0.310
201809 0.166 106.507 0.207
201812 -0.066 105.998 -0.083
201903 -0.705 107.251 -0.871
201906 0.141 108.070 0.173
201909 -0.125 108.329 -0.153
201912 0.438 108.420 0.535
202003 -0.077 108.902 -0.094
202006 -0.664 108.767 -0.809
202009 0.172 109.815 0.208
202012 0.870 109.897 1.049
202103 1.095 111.754 1.299
202106 1.752 114.631 2.026
202109 1.414 115.734 1.619
202112 2.124 117.630 2.393
202203 1.478 121.301 1.615
202206 3.351 125.017 3.553
202209 0.333 125.227 0.352
202212 2.487 125.222 2.633
202303 -0.686 127.348 -0.714
202306 1.359 128.729 1.399
202309 0.360 129.860 0.367
202312 1.472 129.419 1.508
202403 -0.536 131.776 -0.539
202406 0.325 132.554 0.325

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.


APA  (NAS:APA) 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.


APA Cyclically Adjusted Price-to-FCF Related Terms

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


APA Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » APA Corp (NAS:APA) » Definitions » Cyclically Adjusted Price-to-FCF
Address
2000 Post Oak Boulevard, Suite 100, One Post Oak Central, Houston, TX, USA, 77056-4400
Based in Houston, APA is an independent exploration and production company. It operates primarily in the U.S., Egypt, the North Sea, and Suriname. At year-end 2022, proved reserves totaled 890 million barrels of oil equivalent, with net reported production of 400 thousand boe/day that year (64% of which was oil and natural gas liquids, with the remainder natural gas).
Executives
Tracey K Henderson officer: Executive VP Exploration C/O APA CORPORATION, 2000 POST OAK BLVD STE 100, HOUSTON TX 77056
Mark D Maddox officer: Executive VP - Administration C/O APA CORPORATION, 2000 POST OAK BLVD STE 100, HOUSTON TX 77056
P Anthony Lannie officer: Exec. Vice Pres & Gen Counsel C/O APACHE CORPORATION, 2000 POST OAK BLVD., SUITE 100, HOUSTON TX 77056
Chansoo Joung director C/O WARBURG PINCUS LLC, 450 LEXINGTON AVENUE, NEW YORK NY 10017
David L Stover director NOBLE ENERGY, INC., 1001 NOBLE ENERGY WAY, HOUSTON TX 77070
Charles W Hooper director C/O APA CORPORATION, 2000 POST OAK BLVD STE 100, HOUSTON TX 77056
D. Clay Bretches officer: Exec. VP, Operations C/O APACHE CORPORATION, 2000 POST OAK BLVD, STE 100, HOUSTON TX 77056
Rebecca A Hoyt officer: Sr. VP, Chief Acct Officer C/O APACHE CORPORATION, 2000 POST OAK BLVD., SUITE 100, HOUSTON TX 77056-4400
Annell R Bay director C/O MARATHON OIL CORPORATION, 5555 SAN FELIPE ST, HOUSTON TX 77056
Lamar Mckay director 2000 POST OAK BLVD STE 100, HOUSTON TX 77056
John E Lowe director 600 N DAIRY ASHFORD, HOUSTON TX 77079
Amy H Nelson director 2000 POST OAK BLVD., SUITE 100, HOUSTON TX 77056
Rene R Joyce director P.O. BOX 130430, HOUSTON TX 77219-0430
Daniel Wayne Rabun director 6 CHESTERFIELD GARDENS, 3RD FLOOR, LONDON X0 W1J 5BQ
Peter A Ragauss director 2929 ALLEN PARKWAY, SUITE 2100, HOUSTON TX 77019