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The Goldmanchs Group (NEOE:GS) Cyclically Adjusted Price-to-FCF : (As of May. 28, 2024)


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What is The Goldmanchs Group Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


The Goldmanchs Group Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for The Goldmanchs 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.

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The Goldmanchs Group Cyclically Adjusted Price-to-FCF Chart

The Goldmanchs 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 28.65 111.74 - - -

The Goldmanchs 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 7,344.19 52.52 - - -

Competitive Comparison of The Goldmanchs Group's Cyclically Adjusted Price-to-FCF

For the Capital Markets subindustry, The Goldmanchs 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.


The Goldmanchs Group's Cyclically Adjusted Price-to-FCF Distribution in the Capital Markets Industry

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

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



The Goldmanchs 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.

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

For example, The Goldmanchs 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)
=-113.77/131.7762*131.7762
=-113.770

Current CPI (Mar. 2024) = 131.7762.

The Goldmanchs Group Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.774 100.560 1.014
201409 -21.248 100.428 -27.881
201412 11.174 99.070 14.863
201503 17.538 99.621 23.199
201506 -22.062 100.684 -28.875
201509 2.207 100.392 2.897
201512 26.373 99.792 34.826
201603 -9.209 100.470 -12.078
201606 27.640 101.688 35.818
201609 -16.447 101.861 -21.277
201612 8.579 101.863 11.098
201703 -13.470 102.862 -17.256
201706 -36.639 103.349 -46.717
201709 6.126 104.136 7.752
201712 -32.388 104.011 -41.034
201803 -8.299 105.290 -10.387
201806 21.429 106.317 26.561
201809 -25.067 106.507 -31.014
201812 42.730 105.998 53.122
201903 -162.578 107.251 -199.756
201906 23.171 108.070 28.254
201909 26.691 108.329 32.468
201912 171.279 108.420 208.176
202003 -216.007 108.902 -261.379
202006 -48.432 108.767 -58.677
202009 124.757 109.815 149.706
202012 34.767 109.897 41.689
202103 -22.620 111.754 -26.673
202106 65.610 114.631 75.423
202109 -143.728 115.734 -163.650
202112 105.868 117.630 118.600
202203 -72.876 121.301 -79.169
202206 157.495 125.017 166.010
202209 55.777 125.227 58.694
202212 -129.206 125.222 -135.969
202303 34.303 127.348 35.496
202306 119.524 128.729 122.354
202309 -102.460 129.860 -103.972
202312 -113.717 129.419 -115.788
202403 -113.770 131.776 -113.770

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.


The Goldmanchs Group  (NEOE:GS) 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.


The Goldmanchs Group Cyclically Adjusted Price-to-FCF Related Terms

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The Goldmanchs Group (NEOE:GS) Business Description

Address
200 West Street, New York, NY, USA, 10282
Goldman Sachs is a leading global investment banking and asset management firm. Approximately 20% of its revenue comes from investment banking, 45% from trading, 20% from asset management and 15% from wealth management and retail financial services. Around 60% of the company's net revenue is generated in the Americas, 15% in Asia, and 25% in Europe, the Middle East, and Africa.