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P10 Holdings (STU:AC3B) Cyclically Adjusted Price-to-FCF : (As of May. 22, 2024)


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What is P10 Holdings Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


P10 Holdings Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for P10 Holdings'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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P10 Holdings Cyclically Adjusted Price-to-FCF Chart

P10 Holdings Annual Data
Trend Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20
Cyclically Adjusted Price-to-FCF
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P10 Holdings 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 P10 Holdings's Cyclically Adjusted Price-to-FCF

For the Asset Management subindustry, P10 Holdings'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.


P10 Holdings's Cyclically Adjusted Price-to-FCF Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, P10 Holdings's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where P10 Holdings's Cyclically Adjusted Price-to-FCF falls into.



P10 Holdings 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.

P10 Holdings's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2020 is calculated as:

For example, P10 Holdings'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)
=-0.05/109.8968*109.8968
=-0.050

Current CPI (Dec. 2020) = 109.8968.

P10 Holdings Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201103 -0.138 94.283 -0.161
201106 -0.227 95.235 -0.262
201109 -0.066 95.727 -0.076
201112 0.034 95.213 0.039
201203 -0.535 96.783 -0.607
201206 -0.637 96.819 -0.723
201209 -0.152 97.633 -0.171
201212 -0.209 96.871 -0.237
201303 0.059 98.209 0.066
201306 -0.027 98.518 -0.030
201309 -0.029 98.790 -0.032
201312 -0.085 98.326 -0.095
201403 -0.147 99.695 -0.162
201406 -0.078 100.560 -0.085
201409 -0.077 100.428 -0.084
201412 0.048 99.070 0.053
201503 -0.118 99.621 -0.130
201506 -0.048 100.684 -0.052
201509 0.004 100.392 0.004
201512 0.099 99.792 0.109
201603 -0.037 100.470 -0.040
201606 -0.105 101.688 -0.113
201609 0.012 101.861 0.013
201612 -0.154 101.863 -0.166
201703 -0.019 102.862 -0.020
201706 -0.022 103.349 -0.023
201709 -0.005 104.136 -0.005
201712 0.027 104.011 0.029
201803 0.025 105.290 0.026
201806 0.034 106.317 0.035
201809 0.000 106.507 0.000
201812 0.084 105.998 0.087
201903 0.045 107.251 0.046
201906 0.036 108.070 0.037
201909 0.050 108.329 0.051
201912 0.035 108.420 0.035
202003 0.031 108.902 0.031
202006 0.044 108.767 0.044
202009 0.083 109.815 0.083
202012 -0.050 109.897 -0.050

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.


P10 Holdings  (STU:AC3B) 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.


P10 Holdings Cyclically Adjusted Price-to-FCF Related Terms

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P10 Holdings (STU:AC3B) Business Description

Traded in Other Exchanges
N/A
Address
4514 Cole Avenue, Suite 160, Dallas, TX, USA, 75205
P10 Holdings Inc is an asset management company. Its existing portfolio of solutions across private equity, venture capital, private credit, and impact investing support its mission by offering a comprehensive set of investment vehicles to its investors, including primary fund of funds, secondary investment, direct investment, and co-investments, alongside separate accounts. The company generates the majority of its revenue from Management & advisory fees.

P10 Holdings (STU:AC3B) Headlines

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