GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » California Water Service Group (NYSE:CWT) » Definitions » Cyclically Adjusted Price-to-FCF

California Water Service Group (California Water Service Group) Cyclically Adjusted Price-to-FCF : (As of May. 19, 2024)


View and export this data going back to 1994. Start your Free Trial

What is California Water Service Group Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


California Water Service Group Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for California Water Service Group'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.

California Water Service Group Cyclically Adjusted Price-to-FCF Chart

California Water Service Group 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 - - - - -

California Water Service Group 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 - - - - -

Competitive Comparison of California Water Service Group's Cyclically Adjusted Price-to-FCF

For the Utilities - Regulated Water subindustry, California Water Service Group'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.


California Water Service Group's Cyclically Adjusted Price-to-FCF Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, California Water Service Group's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where California Water Service Group's Cyclically Adjusted Price-to-FCF falls into.



California Water Service Group 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.

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

For example, California Water Service Group'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)
=-1.442/131.7762*131.7762
=-1.442

Current CPI (Mar. 2024) = 131.7762.

California Water Service Group Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.006 100.560 0.008
201409 0.581 100.428 0.762
201412 -0.372 99.070 -0.495
201503 -0.170 99.621 -0.225
201506 -0.403 100.684 -0.527
201509 0.537 100.392 0.705
201512 -0.628 99.792 -0.829
201603 -0.521 100.470 -0.683
201606 -0.658 101.688 -0.853
201609 0.291 101.861 0.376
201612 -0.540 101.863 -0.699
201703 -0.783 102.862 -1.003
201706 -0.738 103.349 -0.941
201709 0.049 104.136 0.062
201712 -0.848 104.011 -1.074
201803 -0.883 105.290 -1.105
201806 -0.872 106.317 -1.081
201809 -0.188 106.507 -0.233
201812 0.014 105.998 0.017
201903 -0.826 107.251 -1.015
201906 -0.806 108.070 -0.983
201909 0.248 108.329 0.302
201912 -0.794 108.420 -0.965
202003 -1.260 108.902 -1.525
202006 -1.069 108.767 -1.295
202009 -0.226 109.815 -0.271
202012 -1.123 109.897 -1.347
202103 -0.730 111.754 -0.861
202106 -0.666 114.631 -0.766
202109 0.816 115.734 0.929
202112 -0.618 117.630 -0.692
202203 -0.266 121.301 -0.289
202206 -0.747 125.017 -0.787
202209 0.600 125.227 0.631
202212 -1.120 125.222 -1.179
202303 -1.096 127.348 -1.134
202306 -1.387 128.729 -1.420
202309 0.157 129.860 0.159
202312 -0.612 129.419 -0.623
202403 -1.442 131.776 -1.442

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.


California Water Service Group  (NYSE:CWT) 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.


California Water Service Group Cyclically Adjusted Price-to-FCF Related Terms

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


California Water Service Group (California Water Service Group) Business Description

Traded in Other Exchanges
Address
1720 North First Street, San Jose, CA, USA, 95112
California Water Service Group is a U.S. water and utilities holding company based in California. The company engages in the production, treatment, storage, distribution, and sale of water for various uses. The firm operates through its subsidiaries, which can be divided between regulated and unregulated businesses. The regulated public utilities subsidiaries operate in California, New Mexico, Washington, and Hawaii. The unregulated subsidiaries provide water utility services to private companies and municipalities. The company derives the majority of its revenue from its operations in California and, overall, from residential customers.
Executives
Thomas M Krummel director C/O CALIFORNIA WATER SERVICE GROUP, 1720 N. FIRST STREET, SAN JOSE CA 95118
Michelle R Mortensen officer: Corporate Secretary 1720 NORTH FIRST STREET, SAN JOSE CA 95112
Jeffrey Kightlinger director 1720 NORTH FIRST STREET, SAN JOSE CA 95112
Charles R. Patton director 1 RIVERSIDE PLAZA, COLUMBUS OH 43215
David B Healey officer: VP, CEO and Treasurer C/O CALIFORNIA WATER SERVICE COMPANY, 1720 NORTH FIRST STREET, SAN JOSE CA 95112
Robert J Kuta officer: VP, Engineering 1720 NORTH FIRST STREET, SAN JOSE CA 95112
Shelly Marian Esque director 1720 NORTH FIRST STREET, SAN JOSE CA 95112
Yvonne Aida Maldonado director 1720 NORTH FIRST STREET, SAN JOSE CA 95112
Carol M Pottenger director 1720 NORTH FIRST STREET, SAN JOSE CA 95020
Gregory E Aliff director 1720 NORTH FIRST STREET, SAN JOSE CA 95112
Peter C Nelson director C/O CALIFORNIA WATER SERVICE GROUP, 1720 NORTH FIRST STREET, SAN JOSE CA 95112
Lester A Snow director C/O CALIFORNIA WATER SERVICE GROUP, 1720 N FIRST STREET, SAN JOSE CA 95112
Patricia K Wagner director 1720 NORTH FIRST STREET, SAN JOSE CA 95020
Scott L Morris director 1411 E MISSION AVE, SPOKANE WA 99202
Shawn C Bunting officer: VP Corporate Council 1720 NORTH FIRST STREET, SAN JOSE CA 95112