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H&R Block (BSP:H1RB34) Cyclically Adjusted Price-to-FCF : 19.65 (As of May. 23, 2024)


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What is H&R Block Cyclically Adjusted Price-to-FCF?

As of today (2024-05-23), H&R Block's current share price is R$245.76. H&R Block's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was R$12.51. H&R Block's Cyclically Adjusted Price-to-FCF for today is 19.65.

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

BSP:H1RB34' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 11.82   Med: 31.12   Max: 49.33
Current: 21.19

During the past years, H&R Block's highest Cyclically Adjusted Price-to-FCF was 49.33. The lowest was 11.82. And the median was 31.12.

BSP:H1RB34's Cyclically Adjusted Price-to-FCF is ranked worse than
70.37% of 27 companies
in the Personal Services industry
Industry Median: 14.66 vs BSP:H1RB34: 21.19

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.

H&R Block's adjusted free cash flow per share data for the three months ended in Mar. 2024 was R$47.191. 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 R$12.51 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


H&R Block Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for H&R Block'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.

H&R Block Cyclically Adjusted Price-to-FCF Chart

H&R Block Annual Data
Trend Apr14 Apr15 Apr16 Apr17 Apr18 Apr19 Apr20 Apr21 Jun22 Jun23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 33.28 25.60 27.96 28.47 19.96

H&R Block Quarterly Data
Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 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 15.90 19.96 27.91 40.12 19.64

Competitive Comparison of H&R Block's Cyclically Adjusted Price-to-FCF

For the Personal Services subindustry, H&R Block'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.


H&R Block's Cyclically Adjusted Price-to-FCF Distribution in the Personal Services Industry

For the Personal Services industry and Consumer Cyclical sector, H&R Block's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where H&R Block's Cyclically Adjusted Price-to-FCF falls into.



H&R Block 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.

H&R Block's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=245.76/12.51
=19.65

* 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.

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

For example, H&R Block'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)
=47.191/131.7762*131.7762
=47.191

Current CPI (Mar. 2024) = 131.7762.

H&R Block Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201404 15.055 100.023 19.834
201407 -3.300 100.520 -4.326
201410 -2.592 100.176 -3.410
201501 -6.200 98.604 -8.286
201504 19.834 99.824 26.183
201507 -4.530 100.691 -5.929
201510 -3.705 100.346 -4.865
201601 -14.898 99.957 -19.640
201604 30.113 100.947 39.310
201607 -6.902 101.524 -8.959
201610 -11.310 101.988 -14.613
201701 -22.772 102.456 -29.289
201704 28.255 103.167 36.090
201707 -6.496 103.278 -8.289
201710 -10.768 104.070 -13.635
201801 -22.051 104.578 -27.786
201804 34.712 105.708 43.272
201807 -7.134 106.324 -8.842
201810 -5.609 106.695 -6.928
201901 -13.328 106.200 -16.538
201904 36.293 107.818 44.357
201907 -9.332 108.250 -11.360
201910 -4.888 108.577 -5.932
202001 -17.072 108.841 -20.670
202004 41.884 108.173 51.023
202007 -0.783 109.318 -0.944
202010 -7.729 109.861 -9.271
202101 -19.526 110.364 -23.314
202104 44.963 112.673 52.586
202109 -9.729 115.734 -11.078
202112 -20.375 117.630 -22.825
202203 38.262 121.301 41.566
202206 13.172 125.017 13.884
202209 -11.121 125.227 -11.703
202212 -16.477 125.222 -17.339
202303 42.311 127.348 43.782
202306 9.814 128.729 10.046
202309 -11.747 129.860 -11.920
202312 -21.582 129.419 -21.975
202403 47.191 131.776 47.191

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.


H&R Block  (BSP:H1RB34) 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.


H&R Block Cyclically Adjusted Price-to-FCF Related Terms

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


H&R Block (BSP:H1RB34) Business Description

Traded in Other Exchanges
Address
One H&R Block Way, Kansas City, MO, USA, 64105
H&R Block Inc provides income tax return preparation services, digital do-it-yourself tax solutions, and other services related to income tax preparation to the general public primarily in the United States, Canada, and Australia. The company mainly prepares tax returns for customers within the United States through its company-owned offices, franchise locations, and online tax software. The vast majority of H&R Block's offices are located in the U.S. The company derives most of its total revenue from the U.S. assisted tax preparation fees. Revenue from franchise and product royalties and digital do-it-yourself tax solutions is also relatively significant.

H&R Block (BSP:H1RB34) Headlines

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