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The Philippine Stock Exchange (PHS:PSE) Cyclically Adjusted Price-to-FCF : 20.86 (As of Jun. 08, 2024)


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What is The Philippine Stock Exchange Cyclically Adjusted Price-to-FCF?

As of today (2024-06-08), The Philippine Stock Exchange's current share price is ₱198.00. The Philippine Stock Exchange's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was ₱9.49. The Philippine Stock Exchange's Cyclically Adjusted Price-to-FCF for today is 20.86.

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

PHS:PSE' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 16.08   Med: 20.97   Max: 29.43
Current: 20.34

During the past years, The Philippine Stock Exchange's highest Cyclically Adjusted Price-to-FCF was 29.43. The lowest was 16.08. And the median was 20.97.

PHS:PSE's Cyclically Adjusted Price-to-FCF is ranked worse than
53.53% of 241 companies
in the Capital Markets industry
Industry Median: 18.37 vs PHS:PSE: 20.34

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.

The Philippine Stock Exchange's adjusted free cash flow per share data for the three months ended in Mar. 2024 was ₱4.749. 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 ₱9.49 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


The Philippine Stock Exchange Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for The Philippine 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.

* Premium members only.

The Philippine Stock Exchange Cyclically Adjusted Price-to-FCF Chart

The Philippine Stock Exchange 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 23.37 20.06 23.68 16.26 18.33

The Philippine Stock Exchange 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 16.98 16.98 17.62 18.33 20.33

Competitive Comparison of The Philippine Stock Exchange's Cyclically Adjusted Price-to-FCF

For the Financial Data & Stock Exchanges subindustry, The Philippine 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.


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

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

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



The Philippine 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.

The Philippine Stock Exchange's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=198.00/9.49
=20.86

* 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.

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

For example, The Philippine 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)
=4.749/131.7762*131.7762
=4.749

Current CPI (Mar. 2024) = 131.7762.

The Philippine Stock Exchange Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 4.360 100.560 5.713
201409 -1.353 100.428 -1.775
201412 2.553 99.070 3.396
201503 4.010 99.621 5.304
201506 0.317 100.684 0.415
201509 2.287 100.392 3.002
201512 0.601 99.792 0.794
201603 2.813 100.470 3.690
201606 2.894 101.688 3.750
201609 0.895 101.861 1.158
201612 -2.027 101.863 -2.622
201703 3.717 102.862 4.762
201706 1.955 103.349 2.493
201709 -3.758 104.136 -4.755
201712 0.132 104.011 0.167
201803 4.142 105.290 5.184
201806 1.917 106.317 2.376
201809 -0.657 106.507 -0.813
201812 3.940 105.998 4.898
201903 3.712 107.251 4.561
201906 0.386 108.070 0.471
201909 3.456 108.329 4.204
201912 -0.108 108.420 -0.131
202003 4.165 108.902 5.040
202006 -1.824 108.767 -2.210
202009 3.344 109.815 4.013
202012 -0.012 109.897 -0.014
202103 7.507 111.754 8.852
202106 0.037 114.631 0.043
202109 2.765 115.734 3.148
202112 4.979 117.630 5.578
202203 17.037 121.301 18.508
202206 -11.198 125.017 -11.803
202209 1.673 125.227 1.761
202212 1.625 125.222 1.710
202303 5.817 127.348 6.019
202306 1.278 128.729 1.308
202309 1.782 129.860 1.808
202312 0.143 129.419 0.146
202403 4.749 131.776 4.749

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 Philippine Stock Exchange  (PHS:PSE) 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 Philippine Stock Exchange Cyclically Adjusted Price-to-FCF Related Terms

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


The Philippine Stock Exchange (PHS:PSE) Business Description

Traded in Other Exchanges
N/A
Address
28th Street, 5th Avenue corner, 6th to 10th floors, PSE tower, Bonifacio Global City, Taguig, PHL, 1634
The Philippine Stock Exchange Inc is a Philippines-based stock corporation. Its core business is to provide and maintain a convenient and suitable market for the exchange, purchase, and sale of all types of securities and other instruments. The company provides trading, clearing, depository, and information services for the equity market. It also operates activities of clearance and settlement agencies through its wholly-owned subsidiaries. The sources of revenue mainly consist of listing-related fees for initial public offerings, annual listing maintenance membership, transactions, data feeds, and miscellaneous fees. Geographically, the company's prime revenue is derived from domestic operations.

The Philippine Stock Exchange (PHS:PSE) Headlines

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