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Gilead Sciences (CHIX:GISD) Cyclically Adjusted Price-to-FCF : 6.60 (As of May. 31, 2024)


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What is Gilead Sciences Cyclically Adjusted Price-to-FCF?

As of today (2024-05-31), Gilead Sciences's current share price is €61.03. Gilead Sciences's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was €9.25. Gilead Sciences's Cyclically Adjusted Price-to-FCF for today is 6.60.

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

CHIX:GISd' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 6.42   Med: 11.94   Max: 66.9
Current: 6.42

During the past years, Gilead Sciences's highest Cyclically Adjusted Price-to-FCF was 66.90. The lowest was 6.42. And the median was 11.94.

CHIX:GISd's Cyclically Adjusted Price-to-FCF is ranked better than
94.36% of 319 companies
in the Drug Manufacturers industry
Industry Median: 31.64 vs CHIX:GISd: 6.42

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.

Gilead Sciences's adjusted free cash flow per share data for the three months ended in Mar. 2024 was €1.560. 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 €9.25 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Gilead Sciences Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Gilead Sciences'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.

Gilead Sciences Cyclically Adjusted Price-to-FCF Chart

Gilead Sciences 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 9.97 8.30 8.95 9.47 8.32

Gilead Sciences 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 8.92 8.11 7.75 8.32 7.34

Competitive Comparison of Gilead Sciences's Cyclically Adjusted Price-to-FCF

For the Drug Manufacturers - General subindustry, Gilead Sciences'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.


Gilead Sciences's Cyclically Adjusted Price-to-FCF Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Gilead Sciences's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Gilead Sciences 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=61.03/9.25
=6.60

* 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.

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

For example, Gilead Sciences'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)
=1.56/131.7762*131.7762
=1.560

Current CPI (Mar. 2024) = 131.7762.

Gilead Sciences Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 1.811 100.560 2.373
201409 1.853 100.428 2.431
201412 1.445 99.070 1.922
201503 3.284 99.621 4.344
201506 3.175 100.684 4.155
201509 2.259 100.392 2.965
201512 3.515 99.792 4.642
201603 2.514 100.470 3.297
201606 3.140 101.688 4.069
201609 2.791 101.861 3.611
201612 2.411 101.863 3.119
201703 1.988 102.862 2.547
201706 2.300 103.349 2.933
201709 1.632 104.136 2.065
201712 1.623 104.011 2.056
201803 1.264 105.290 1.582
201806 0.835 106.317 1.035
201809 1.341 106.507 1.659
201812 1.426 105.998 1.773
201903 0.924 107.251 1.135
201906 1.495 108.070 1.823
201909 1.752 108.329 2.131
201912 1.679 108.420 2.041
202003 0.901 108.902 1.090
202006 1.714 108.767 2.077
202009 1.411 109.815 1.693
202012 1.113 109.897 1.335
202103 1.627 111.754 1.918
202106 1.447 114.631 1.663
202109 2.097 115.734 2.388
202112 2.138 117.630 2.395
202203 1.146 121.301 1.245
202206 1.246 125.017 1.313
202209 2.167 125.227 2.280
202212 1.781 125.222 1.874
202303 1.211 127.348 1.253
202306 1.613 128.729 1.651
202309 1.217 129.860 1.235
202312 1.428 129.419 1.454
202403 1.560 131.776 1.560

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.


Gilead Sciences  (CHIX:GISd) 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.


Gilead Sciences Cyclically Adjusted Price-to-FCF Related Terms

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


Gilead Sciences (CHIX:GISD) Business Description

Address
333 Lakeside Drive, Foster, CA, USA, 94404
Gilead Sciences develops and markets therapies to treat life-threatening infectious diseases, with the core of its portfolio focused on HIV and hepatitis B and C. The acquisitions of Corus Pharma, Myogen, CV Therapeutics, Arresto Biosciences, and Calistoga have broadened this focus to include pulmonary and cardiovascular diseases and cancer. Gilead's acquisition of Pharmasset brought rights to hepatitis C drug Sovaldi, which is also part of combination drug Harvoni, and the Kite, Forty Seven, and Immunomedics acquisitions boost Gilead's exposure to cell therapy and noncell therapy in oncology.

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