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Petroleo Brasileiro Petrobras (Petroleo Brasileiro Petrobras) Cyclically Adjusted Price-to-FCF : (As of Jun. 06, 2024)


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What is Petroleo Brasileiro Petrobras Cyclically Adjusted Price-to-FCF?

Note: If the price history is too short, we do not calculate current Cyclically Adjusted Price-to-FCF for this stock. All the historical data is shown as the company's primary share's data instead.

Shiller PE for Stocks: The True Measure of Stock Valuation


Petroleo Brasileiro Petrobras Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Petroleo Brasileiro Petrobras'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.

Petroleo Brasileiro Petrobras Cyclically Adjusted Price-to-FCF Chart

Petroleo Brasileiro Petrobras 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 29.14 12.89 10.19 7.00 5.65

Petroleo Brasileiro Petrobras 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 5.94 6.26 6.08 5.65 5.17

Competitive Comparison of Petroleo Brasileiro Petrobras's Cyclically Adjusted Price-to-FCF

For the Oil & Gas Integrated subindustry, Petroleo Brasileiro Petrobras'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.


Petroleo Brasileiro Petrobras's Cyclically Adjusted Price-to-FCF Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Petroleo Brasileiro Petrobras's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Petroleo Brasileiro Petrobras 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.

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

For example, Petroleo Brasileiro Petrobras'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)
=0.502/159.3724*159.3724
=0.502

Current CPI (Mar. 2024) = 159.3724.

Petroleo Brasileiro Petrobras Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -0.176 91.838 -0.305
201409 0.118 92.602 0.203
201412 -0.201 94.194 -0.340
201503 -0.028 97.799 -0.046
201506 0.133 100.006 0.212
201509 0.090 101.392 0.141
201512 0.147 104.247 0.225
201603 0.052 106.979 0.077
201606 0.239 108.851 0.350
201609 0.378 109.986 0.548
201612 0.256 110.802 0.368
201703 0.322 111.869 0.459
201706 0.223 112.115 0.317
201709 0.353 112.777 0.499
201712 0.150 114.068 0.210
201803 0.291 114.868 0.404
201806 0.332 117.038 0.452
201809 0.044 117.881 0.059
201812 0.326 118.340 0.439
201903 0.240 120.124 0.318
201906 0.244 120.977 0.321
201909 0.498 121.292 0.654
201912 -0.851 123.436 -1.099
202003 0.453 124.092 0.582
202006 0.303 123.557 0.391
202009 0.573 125.095 0.730
202012 0.436 129.012 0.539
202103 0.429 131.660 0.519
202106 0.716 133.871 0.852
202109 0.692 137.913 0.800
202112 0.576 141.992 0.647
202203 0.608 146.537 0.661
202206 0.981 149.784 1.044
202209 0.776 147.800 0.837
202212 0.712 150.207 0.755
202303 0.607 153.352 0.631
202306 0.516 154.519 0.532
202309 0.642 155.464 0.658
202312 0.619 157.148 0.628
202403 0.502 159.372 0.502

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.


Petroleo Brasileiro Petrobras  (OTCPK:PBRQF) 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.


Petroleo Brasileiro Petrobras Cyclically Adjusted Price-to-FCF Related Terms

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Petroleo Brasileiro Petrobras (Petroleo Brasileiro Petrobras) Business Description

Address
Avenida Republica do Chile, 65, Rio de Janeiro, RJ, BRA, 20031-912
Petrobras is a Brazil-based integrated energy company controlled by the Brazilian government. The company focuses on exploration and production for oil and gas in Brazilian offshore fields. Production in 2022 was 2.7 million barrels of oil equivalent a day (80% oil production), and reserves stood at 10.5 billion boe (85% oil). At year-end 2022, Petrobras operated 11 refineries in Brazil with capacity of 1.9 million barrels a day and distributes refined products and natural gas throughout Brazil.