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MSCI (LTS:0A8Y) Cyclically Adjusted Price-to-FCF : 55.69 (As of May. 23, 2024)


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What is MSCI Cyclically Adjusted Price-to-FCF?

As of today (2024-05-23), MSCI's current share price is $491.1699. MSCI's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was $8.82. MSCI's Cyclically Adjusted Price-to-FCF for today is 55.69.

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

LTS:0A8Y' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 23.46   Med: 64.57   Max: 129.68
Current: 57.25

During the past years, MSCI's highest Cyclically Adjusted Price-to-FCF was 129.68. The lowest was 23.46. And the median was 64.57.

LTS:0A8Y's Cyclically Adjusted Price-to-FCF is ranked worse than
84.72% of 229 companies
in the Capital Markets industry
Industry Median: 18.53 vs LTS:0A8Y: 57.25

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.

MSCI's adjusted free cash flow per share data for the three months ended in Mar. 2024 was $3.470. 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 $8.82 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


MSCI Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for MSCI'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.

MSCI Cyclically Adjusted Price-to-FCF Chart

MSCI 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 70.04 99.96 108.83 66.97 68.00

MSCI 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 76.72 61.60 64.41 68.00 63.69

Competitive Comparison of MSCI's Cyclically Adjusted Price-to-FCF

For the Financial Data & Stock Exchanges subindustry, MSCI'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.


MSCI's Cyclically Adjusted Price-to-FCF Distribution in the Capital Markets Industry

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

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



MSCI 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=491.1699/8.82
=55.69

* 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.

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

For example, MSCI'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)
=3.47/131.7762*131.7762
=3.470

Current CPI (Mar. 2024) = 131.7762.

MSCI Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.484 100.560 0.634
201409 0.745 100.428 0.978
201412 0.841 99.070 1.119
201503 0.532 99.621 0.704
201506 0.106 100.684 0.139
201509 1.112 100.392 1.460
201512 0.751 99.792 0.992
201603 0.314 100.470 0.412
201606 1.086 101.688 1.407
201609 1.412 101.861 1.827
201612 1.368 101.863 1.770
201703 0.299 102.862 0.383
201706 1.256 103.349 1.601
201709 0.982 104.136 1.243
201712 1.325 104.011 1.679
201803 0.893 105.290 1.118
201806 2.183 106.317 2.706
201809 1.431 106.507 1.771
201812 1.806 105.998 2.245
201903 0.931 107.251 1.144
201906 2.074 108.070 2.529
201909 2.031 108.329 2.471
201912 2.632 108.420 3.199
202003 1.192 108.902 1.442
202006 2.977 108.767 3.607
202009 2.226 109.815 2.671
202012 2.617 109.897 3.138
202103 2.456 111.754 2.896
202106 2.569 114.631 2.953
202109 2.407 115.734 2.741
202112 3.148 117.630 3.527
202203 2.781 121.301 3.021
202206 2.381 125.017 2.510
202209 3.772 125.227 3.969
202212 3.668 125.222 3.860
202303 3.014 127.348 3.119
202306 3.321 128.729 3.400
202309 3.398 129.860 3.448
202312 4.618 129.419 4.702
202403 3.470 131.776 3.470

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.


MSCI  (LTS:0A8Y) 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.


MSCI Cyclically Adjusted Price-to-FCF Related Terms

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


MSCI (LTS:0A8Y) Business Description

Industry
Traded in Other Exchanges
Address
250 Greenwich Street, 49th Floor, 7 World Trade Center, New York, NY, USA, 10007
MSCI describes its mission as enabling investors to build better portfolios for a better world. MSCI's largest and most profitable segment is its index segment, where it provides benchmarking to asset managers and asset owners. In addition, it boasts over $1.3 trillion in ETF assets linked to MSCI indexes. The MSCI analytics segment provides portfolio management and risk management analytics software to asset managers and asset owners. MSCI's all other segment was broken out into ESG and climate and private assets segments in 2021. In ESG and climate, MSCI provides ESG data to the investment industry. In private assets, MSCI provides real restate reporting, market data, benchmarking, and analytics to investors and real estate managers.

MSCI (LTS:0A8Y) Headlines

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