GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Personal Services » H&R Block Inc (STU:HRB) » Definitions » Cyclically Adjusted Price-to-FCF

H&R Block (STU:HRB) Cyclically Adjusted Price-to-FCF : 21.68 (As of May. 23, 2024)


View and export this data going back to 1969. Start your Free Trial

What is H&R Block Cyclically Adjusted Price-to-FCF?

As of today (2024-05-23), H&R Block's current share price is €49.00. H&R Block's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was €2.26. H&R Block's Cyclically Adjusted Price-to-FCF for today is 21.68.

The historical rank and industry rank for H&R Block's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

STU:HRB' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 11.82   Med: 31.12   Max: 49.33
Current: 21.19

During the past years, H&R Block's highest Cyclically Adjusted Price-to-FCF was 49.33. The lowest was 11.82. And the median was 31.12.

STU:HRB's Cyclically Adjusted Price-to-FCF is ranked worse than
70.37% of 27 companies
in the Personal Services industry
Industry Median: 14.66 vs STU:HRB: 21.19

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.

H&R Block's adjusted free cash flow per share data for the three months ended in Mar. 2024 was €8.718. 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 €2.26 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


H&R Block Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for H&R Block'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.

H&R Block Cyclically Adjusted Price-to-FCF Chart

H&R Block Annual Data
Trend Apr14 Apr15 Apr16 Apr17 Apr18 Apr19 Apr20 Apr21 Jun22 Jun23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 33.28 25.60 27.96 28.47 19.96

H&R Block Quarterly Data
Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 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 15.90 19.96 27.91 40.12 19.64

Competitive Comparison of H&R Block's Cyclically Adjusted Price-to-FCF

For the Personal Services subindustry, H&R Block'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.


H&R Block's Cyclically Adjusted Price-to-FCF Distribution in the Personal Services Industry

For the Personal Services industry and Consumer Cyclical sector, H&R Block's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where H&R Block's Cyclically Adjusted Price-to-FCF falls into.



H&R Block 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.

H&R Block's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=49.00/2.26
=21.68

* 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.

H&R Block's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, H&R Block'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)
=8.718/131.7762*131.7762
=8.718

Current CPI (Mar. 2024) = 131.7762.

H&R Block Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201404 4.882 100.023 6.432
201407 -1.097 100.520 -1.438
201410 -0.835 100.176 -1.098
201501 -2.026 98.604 -2.708
201504 6.024 99.824 7.952
201507 -1.275 100.691 -1.669
201510 -0.852 100.346 -1.119
201601 -3.383 99.957 -4.460
201604 7.445 100.947 9.719
201607 -1.905 101.524 -2.473
201610 -3.224 101.988 -4.166
201701 -6.710 102.456 -8.630
201704 8.398 103.167 10.727
201707 -1.760 103.278 -2.246
201710 -2.871 104.070 -3.635
201801 -5.630 104.578 -7.094
201804 8.299 105.708 10.346
201807 -1.598 106.324 -1.981
201810 -1.297 106.695 -1.602
201901 -3.126 106.200 -3.879
201904 8.288 107.818 10.130
201907 -2.203 108.250 -2.682
201910 -1.082 108.577 -1.313
202001 -3.705 108.841 -4.486
202004 7.247 108.173 8.828
202007 -0.129 109.318 -0.156
202010 -1.168 109.861 -1.401
202101 -2.987 110.364 -3.567
202104 6.750 112.673 7.894
202109 -1.567 115.734 -1.784
202112 -3.189 117.630 -3.573
202203 6.981 121.301 7.584
202206 2.469 125.017 2.602
202209 -2.142 125.227 -2.254
202212 -2.965 125.222 -3.120
202303 7.587 127.348 7.851
202306 1.866 128.729 1.910
202309 -2.229 129.860 -2.262
202312 -4.039 129.419 -4.113
202403 8.718 131.776 8.718

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.


H&R Block  (STU:HRB) 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.


H&R Block Cyclically Adjusted Price-to-FCF Related Terms

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


H&R Block (STU:HRB) Business Description

Traded in Other Exchanges
Address
One H&R Block Way, Kansas City, MO, USA, 64105
H&R Block Inc provides income tax return preparation services, digital do-it-yourself tax solutions, and other services related to income tax preparation to the general public primarily in the United States, Canada, and Australia. The company mainly prepares tax returns for customers within the United States through its company-owned offices, franchise locations, and online tax software. The vast majority of H&R Block's offices are located in the U.S. The company derives most of its total revenue from the U.S. assisted tax preparation fees. Revenue from franchise and product royalties and digital do-it-yourself tax solutions is also relatively significant.