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AF Gruppen ASA (OSL:AFG) Cyclically Adjusted Price-to-FCF : 9.38 (As of Jun. 07, 2024)


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What is AF Gruppen ASA Cyclically Adjusted Price-to-FCF?

As of today (2024-06-07), AF Gruppen ASA's current share price is kr131.20. AF Gruppen ASA's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was kr13.99. AF Gruppen ASA's Cyclically Adjusted Price-to-FCF for today is 9.38.

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

OSL:AFG' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 8.41   Med: 14.86   Max: 19.51
Current: 9.39

During the past years, AF Gruppen ASA's highest Cyclically Adjusted Price-to-FCF was 19.51. The lowest was 8.41. And the median was 14.86.

OSL:AFG's Cyclically Adjusted Price-to-FCF is ranked better than
71.43% of 581 companies
in the Construction industry
Industry Median: 17.76 vs OSL:AFG: 9.39

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.

AF Gruppen ASA's adjusted free cash flow per share data for the three months ended in Mar. 2024 was kr1.180. 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 kr13.99 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


AF Gruppen ASA Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for AF Gruppen ASA'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.

AF Gruppen ASA Cyclically Adjusted Price-to-FCF Chart

AF Gruppen ASA 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 18.29 16.75 17.01 10.94 9.14

AF Gruppen ASA 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 11.04 9.94 9.28 9.14 9.95

Competitive Comparison of AF Gruppen ASA's Cyclically Adjusted Price-to-FCF

For the Engineering & Construction subindustry, AF Gruppen ASA'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.


AF Gruppen ASA's Cyclically Adjusted Price-to-FCF Distribution in the Construction Industry

For the Construction industry and Industrials sector, AF Gruppen ASA's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



AF Gruppen ASA 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.

AF Gruppen ASA's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=131.20/13.99
=9.38

* 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.

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

For example, AF Gruppen ASA'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)
=1.18/132.6000*132.6000
=1.180

Current CPI (Mar. 2024) = 132.6000.

AF Gruppen ASA Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.276 97.500 0.375
201409 2.418 98.500 3.255
201412 -0.201 98.600 -0.270
201503 5.472 99.200 7.314
201506 2.422 100.100 3.208
201509 3.283 100.600 4.327
201512 4.106 100.900 5.396
201603 1.604 102.500 2.075
201606 2.009 103.800 2.566
201609 1.826 104.200 2.324
201612 3.244 104.400 4.120
201703 4.397 105.000 5.553
201706 2.114 105.800 2.649
201709 4.247 105.900 5.318
201712 3.326 106.100 4.157
201803 1.289 107.300 1.593
201806 0.337 108.500 0.412
201809 1.023 109.500 1.239
201812 5.908 109.800 7.135
201903 2.588 110.400 3.108
201906 2.840 110.600 3.405
201909 1.796 111.100 2.144
201912 7.651 111.300 9.115
202003 4.871 111.200 5.808
202006 1.945 112.100 2.301
202009 5.488 112.900 6.446
202012 -0.797 112.900 -0.936
202103 1.926 114.600 2.229
202106 5.003 115.300 5.754
202109 3.593 117.500 4.055
202112 2.801 118.900 3.124
202203 5.663 119.800 6.268
202206 5.799 122.600 6.272
202209 2.562 125.600 2.705
202212 -0.353 125.900 -0.372
202303 -0.240 127.600 -0.249
202306 2.110 130.400 2.146
202309 4.618 129.800 4.718
202312 7.883 131.900 7.925
202403 1.180 132.600 1.180

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.


AF Gruppen ASA  (OSL:AFG) 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.


AF Gruppen ASA Cyclically Adjusted Price-to-FCF Related Terms

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


AF Gruppen ASA (OSL:AFG) Business Description

Industry
Traded in Other Exchanges
Address
Innspurten 15, P.O. box 6272, Oslo, NOR, 0663
AF Gruppen ASA A is one of Norway's leading contracting and industrial groups. It provides civil engineering and services geared toward environmental, building, and energy markets. The company conducts projects related to roads, railways, ports, power, and energy development. For buildings and property development, its services span the entire value chain, and resources are utilized for planning and execution. The majority of revenue comes from traditional building activities, including new projects and rehabilitation ventures. Environmental services revolve around demolition, removal, and environmental clean-up of buildings and industrial plants. AF Gruppen's customers are primarily public agencies and private companies.