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QEP Resources (QEP Resources) Cyclically Adjusted Price-to-FCF : (As of May. 06, 2024)


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What is QEP Resources Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


QEP Resources Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for QEP Resources'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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QEP Resources Cyclically Adjusted Price-to-FCF Chart

QEP Resources Annual Data
Trend Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20
Cyclically Adjusted Price-to-FCF
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QEP Resources Quarterly Data
Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20
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Competitive Comparison of QEP Resources's Cyclically Adjusted Price-to-FCF

For the Oil & Gas E&P subindustry, QEP Resources'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.


QEP Resources's Cyclically Adjusted Price-to-FCF Distribution in the Oil & Gas Industry

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

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



QEP Resources 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.

QEP Resources's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2020 is calculated as:

For example, QEP Resources's adjusted Free Cash Flow per Share data for the three months ended in Dec. 2020 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Dec. 2020 (Change)*Current CPI (Dec. 2020)
=0.207/109.8968*109.8968
=0.207

Current CPI (Dec. 2020) = 109.8968.

QEP Resources Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201103 -0.242 94.283 -0.282
201106 0.055 95.235 0.063
201109 -0.053 95.727 -0.061
201112 -0.538 95.213 -0.621
201203 -0.053 96.783 -0.060
201206 0.102 96.819 0.116
201209 -8.307 97.633 -9.350
201212 -0.194 96.871 -0.220
201303 -1.201 98.209 -1.344
201306 -0.175 98.518 -0.195
201309 0.524 98.790 0.583
201312 -1.451 98.326 -1.622
201403 -5.302 99.695 -5.845
201406 0.479 100.560 0.523
201409 -0.733 100.428 -0.802
201412 -1.024 99.070 -1.136
201503 -3.489 99.621 -3.849
201506 -0.221 100.684 -0.241
201509 0.236 100.392 0.258
201512 -0.825 99.792 -0.909
201603 -0.627 100.470 -0.686
201606 0.176 101.688 0.190
201609 0.678 101.861 0.731
201612 -2.598 101.863 -2.803
201703 -0.397 102.862 -0.424
201706 -0.677 103.349 -0.720
201709 -0.552 104.136 -0.583
201712 -4.082 104.011 -4.313
201803 -1.023 105.290 -1.068
201806 -0.785 106.317 -0.811
201809 0.114 106.507 0.118
201812 -0.330 105.998 -0.342
201903 -0.367 107.251 -0.376
201906 -0.151 108.070 -0.154
201909 -0.016 108.329 -0.016
201912 0.536 108.420 0.543
202003 -0.066 108.902 -0.067
202006 -0.040 108.767 -0.040
202009 1.201 109.815 1.202
202012 0.207 109.897 0.207

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.


QEP Resources  (NYSE:QEP) 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.


QEP Resources Cyclically Adjusted Price-to-FCF Related Terms

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QEP Resources (QEP Resources) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » QEP Resources Inc (NYSE:QEP) » Definitions » Cyclically Adjusted Price-to-FCF
Traded in Other Exchanges
N/A
Address
1050 17th Street, Suite 800, Denver, CO, USA, 80265
QEP Resources Inc. is a crude oil and natural gas exploration and production company that focuses on resources in the United States. QEP's reserves are located in two main areas: the Southern Region, primarily Texas; and the Northern Region, primarily North Dakota. The company sells its oil, condensate, and natural gas liquid (NGL) production to gas-marketing firms, crude-oil refiners, midstream service providers, and other companies. QEP also sells gas volumes to industrial users, utility companies, wholesale marketers, and local distributors.
Executives
Joseph T Redman officer: VP Energy QEP RESOURCES, INC., 1050 17TH STREET SUITE 800 DENVER CO 80265
William J Buese officer: VP, CFO & Treasurer 3001 QUAIL SPRINGS PKWY, OKLAHOMA CITY OK 73134
Alice B Ley officer: VP, Controller & CAO 1050 17TH STREET SUITE 800 DENVER CO 80265
Christopher K Woosley officer: EVP, General Counsel & CS 1050 17TH STREET SUITE 800 DENVER CO 80265
Myles W Scoggins director 1722 ILLINOIS STREET, GOLDEN CO 80401
Julie Dill director 1301 RIVERPLACE BOULEVARD, SUITE 2300, JACKSONVILLE FL 32207
Michael J Minarovic director QEP RESOURCES, INC. 1050 17TH STREET, SUITE 800 DENVER CO 80265
Mary Shafer-malicki director 757 N. ELDRIDGE PARKWAY, HOUSTON TX 77079
Robert Heinemann director
Barth E Whitham director INTREPID POTASH, INC., 1001 17TH STREET, SUITE 1050, DENVER CO 80202
David A Trice director C/O NEW JERSEY RESOURCES CORPORATION, 1415 WYCKOFF ROAD, WALL NJ 07719
Timothy J. Cutt director, officer: President & CEO 3001 QUAIL SPRINGS PKWY, OKLAHOMA CITY OK 73134
Joseph N Jaggers director
Richard J Doleshek officer: EVP, CFO 1050 17TH STREET, SUITE 800 DENVER CO 80265
Jeffery R Tommerup officer: SVP - Production & HSE 1050 17TH STREET SUITE 800 DENVER CO 80265