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Express Scripts Holding Co (Express Scripts Holding Co) Cyclically Adjusted Price-to-FCF : (As of May. 05, 2024)


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What is Express Scripts Holding Co Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Express Scripts Holding Co Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Express Scripts Holding Co'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.

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Express Scripts Holding Co Cyclically Adjusted Price-to-FCF Chart

Express Scripts Holding Co Annual Data
Trend Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17
Cyclically Adjusted Price-to-FCF
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Express Scripts Holding Co Quarterly Data
Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18
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Competitive Comparison of Express Scripts Holding Co's Cyclically Adjusted Price-to-FCF

For the Healthcare Plans subindustry, Express Scripts Holding Co'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.


Express Scripts Holding Co's Cyclically Adjusted Price-to-FCF Distribution in the Healthcare Plans Industry

For the Healthcare Plans industry and Healthcare sector, Express Scripts Holding Co's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Express Scripts Holding Co's Cyclically Adjusted Price-to-FCF falls into.



Express Scripts Holding Co 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.

Express Scripts Holding Co's Cyclically Adjusted FCF per Share for the quarter that ended in Sep. 2018 is calculated as:

For example, Express Scripts Holding Co's adjusted Free Cash Flow per Share data for the three months ended in Sep. 2018 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Sep. 2018 (Change)*Current CPI (Sep. 2018)
=1.222/106.5067*106.5067
=1.222

Current CPI (Sep. 2018) = 106.5067.

Express Scripts Holding Co Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
200812 0.699 88.697 0.839
200903 0.547 89.744 0.649
200906 0.413 91.003 0.483
200909 0.632 91.120 0.739
200912 1.415 91.111 1.654
201003 1.308 91.821 1.517
201006 1.219 91.962 1.412
201009 0.670 92.162 0.774
201012 0.450 92.474 0.518
201103 0.421 94.283 0.476
201106 0.836 95.235 0.935
201109 1.860 95.727 2.069
201112 0.996 95.213 1.114
201203 1.048 96.783 1.153
201206 0.828 96.819 0.911
201209 0.913 97.633 0.996
201212 3.206 96.871 3.525
201303 1.027 98.209 1.114
201306 -0.322 98.518 -0.348
201309 1.167 98.790 1.258
201312 3.473 98.326 3.762
201403 0.428 99.695 0.457
201406 0.840 100.560 0.890
201409 0.425 100.428 0.451
201412 3.814 99.070 4.100
201503 0.317 99.621 0.339
201506 1.234 100.684 1.305
201509 1.060 100.392 1.125
201512 4.036 99.792 4.308
201603 1.029 100.470 1.091
201606 0.571 101.688 0.598
201609 2.235 101.861 2.337
201612 3.515 101.863 3.675
201703 1.578 102.862 1.634
201706 1.745 103.349 1.798
201709 3.181 104.136 3.253
201712 2.251 104.011 2.305
201803 2.488 105.290 2.517
201806 1.135 106.317 1.137
201809 1.222 106.507 1.222

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.


Express Scripts Holding Co  (NAS:ESRX) 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.


Express Scripts Holding Co Cyclically Adjusted Price-to-FCF Related Terms

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Express Scripts Holding Co (Express Scripts Holding Co) Business Description

Traded in Other Exchanges
N/A
Address
Express Scripts is the largest pharmacy benefit manager in the United States. Through its mail-order pharmacy and network of retail pharmacies, Express Scripts processes approximately 1.3 billion adjusted prescriptions annually for its payer clients.