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Pakistan Stock Exchange (KAR:PSX) Cyclically Adjusted Price-to-FCF : (As of Jun. 10, 2024)


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What is Pakistan Stock Exchange Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Pakistan Stock Exchange Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Pakistan Stock Exchange'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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Pakistan Stock Exchange Cyclically Adjusted Price-to-FCF Chart

Pakistan Stock Exchange Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Cyclically Adjusted Price-to-FCF
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Pakistan Stock Exchange 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 Pakistan Stock Exchange's Cyclically Adjusted Price-to-FCF

For the Financial Data & Stock Exchanges subindustry, Pakistan Stock Exchange'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.


Pakistan Stock Exchange's Cyclically Adjusted Price-to-FCF Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Pakistan Stock Exchange's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Pakistan Stock Exchange's Cyclically Adjusted Price-to-FCF falls into.



Pakistan Stock Exchange 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.

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

For example, Pakistan Stock Exchange'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)
=-0.105/131.7762*131.7762
=-0.105

Current CPI (Mar. 2024) = 131.7762.

Pakistan Stock Exchange Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 1.958 100.560 2.566
201409 -1.618 100.428 -2.123
201412 1.563 99.070 2.079
201503 0.165 99.621 0.218
201506 2.300 100.684 3.010
201509 -2.206 100.392 -2.896
201512 0.367 99.792 0.485
201603 -0.424 100.470 -0.556
201606 -4.301 101.688 -5.574
201609 0.232 101.861 0.300
201612 0.502 101.863 0.649
201703 -0.009 102.862 -0.012
201706 1.952 103.349 2.489
201709 -1.793 104.136 -2.269
201712 -0.459 104.011 -0.582
201803 -0.187 105.290 -0.234
201806 -0.068 106.317 -0.084
201809 0.097 106.507 0.120
201812 -0.041 105.998 -0.051
201903 -0.426 107.251 -0.523
201906 -0.198 108.070 -0.241
201909 0.341 108.329 0.415
201912 -0.143 108.420 -0.174
202003 -0.170 108.902 -0.206
202006 -0.119 108.767 -0.144
202009 0.139 109.815 0.167
202012 -0.070 109.897 -0.084
202103 0.028 111.754 0.033
202106 -0.034 114.631 -0.039
202109 0.598 115.734 0.681
202112 -0.215 117.630 -0.241
202203 -0.410 121.301 -0.445
202206 -0.048 125.017 -0.051
202209 0.269 125.227 0.283
202212 -0.226 125.222 -0.238
202303 -0.226 127.348 -0.234
202306 -0.074 128.729 -0.076
202309 0.506 129.860 0.513
202312 -0.247 129.419 -0.251
202403 -0.105 131.776 -0.105

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.


Pakistan Stock Exchange  (KAR:PSX) 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.


Pakistan Stock Exchange Cyclically Adjusted Price-to-FCF Related Terms

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


Pakistan Stock Exchange (KAR:PSX) Business Description

Traded in Other Exchanges
N/A
Address
Stock Exchange Road, Stock Exchange Building, Karachi, SD, PAK, 74000
Pakistan Stock Exchange Ltd is engaged in conducting, regulating and controlling the trade or business of purchasing, selling and trading in debentures stock, government papers, shares, scrips, stocks, bonds, loans, and any other instruments and securities. The products of the company involve Equity Segments, known as Ready Market (T+2), Bills & Bonds (for trading in government debt securities & corporate debt), Futures Counter, Deliverable Futures Contracts, Stock Index Futures, Negotiated Deal Market, REIT, Exchange Traded Funds and GEM Board.

Pakistan Stock Exchange (KAR:PSX) Headlines

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