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PG&E (FRA:PCG) Cyclically Adjusted Price-to-FCF : (As of May. 22, 2024)


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What is PG&E Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


PG&E Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for PG&E'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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PG&E Cyclically Adjusted Price-to-FCF Chart

PG&E Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
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PG&E Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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Competitive Comparison of PG&E's Cyclically Adjusted Price-to-FCF

For the Utilities - Regulated Electric subindustry, PG&E'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.


PG&E's Cyclically Adjusted Price-to-FCF Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, PG&E's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



PG&E 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.

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

For example, PG&E'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)
=-0.162/131.7762*131.7762
=-0.162

Current CPI (Mar. 2024) = 131.7762.

PG&E Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -0.964 100.560 -1.263
201409 0.709 100.428 0.930
201412 -0.913 99.070 -1.214
201503 -0.213 99.621 -0.282
201506 -0.812 100.684 -1.063
201509 -0.308 100.392 -0.404
201512 -1.246 99.792 -1.645
201603 -0.256 100.470 -0.336
201606 -1.242 101.688 -1.609
201609 -0.016 101.861 -0.021
201612 -0.854 101.863 -1.105
201703 0.655 102.862 0.839
201706 -0.132 103.349 -0.168
201709 0.841 104.136 1.064
201712 -0.760 104.011 -0.963
201803 0.066 105.290 0.083
201806 -0.309 106.317 -0.383
201809 -0.351 106.507 -0.434
201812 -2.458 105.998 -3.056
201903 1.713 107.251 2.105
201906 -1.126 108.070 -1.373
201909 -0.810 108.329 -0.985
201912 -2.349 108.420 -2.855
202003 -0.050 108.902 -0.061
202006 -0.121 108.767 -0.147
202009 -9.754 109.815 -11.705
202012 -0.846 109.897 -1.014
202103 -0.229 111.754 -0.270
202106 -0.700 114.631 -0.805
202109 -0.439 115.734 -0.500
202112 -0.897 117.630 -1.005
202203 -0.276 121.301 -0.300
202206 -0.995 125.017 -1.049
202209 -0.852 125.227 -0.897
202212 -0.515 125.222 -0.542
202303 -0.483 127.348 -0.500
202306 -0.482 128.729 -0.493
202309 -0.268 129.860 -0.272
202312 -0.916 129.419 -0.933
202403 -0.162 131.776 -0.162

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.


PG&E  (FRA:PCG) 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.


PG&E Cyclically Adjusted Price-to-FCF Related Terms

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PG&E (FRA:PCG) Business Description

Industry
Address
300 Lakeside Drive, Oakland, CA, USA, 94612
PG&E is a holding company whose main subsidiary is Pacific Gas and Electric, a regulated utility operating in Central and Northern California that serves 5.3 million electricity customers and 4.6 million gas customers in 47 of the state's 58 counties. PG&E operated under bankruptcy court supervision between January 2019 and June 2020. In 2004, PG&E sold its unregulated assets as part of an earlier postbankruptcy reorganization.

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