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Toll Brothers (STU:TLK) Cyclically Adjusted Price-to-FCF : 22.10 (As of May. 26, 2024)


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What is Toll Brothers Cyclically Adjusted Price-to-FCF?

As of today (2024-05-26), Toll Brothers's current share price is €112.95. Toll Brothers's Cyclically Adjusted FCF per Share for the quarter that ended in Jan. 2024 was €5.11. Toll Brothers's Cyclically Adjusted Price-to-FCF for today is 22.10.

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

STU:TLK' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 10.9   Med: 44.31   Max: 85.18
Current: 22.41

During the past years, Toll Brothers's highest Cyclically Adjusted Price-to-FCF was 85.18. The lowest was 10.90. And the median was 44.31.

STU:TLK's Cyclically Adjusted Price-to-FCF is ranked worse than
66% of 50 companies
in the Homebuilding & Construction industry
Industry Median: 16.04 vs STU:TLK: 22.41

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.

Toll Brothers's adjusted free cash flow per share data for the three months ended in Jan. 2024 was €-2.769. 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 €5.11 for the trailing ten years ended in Jan. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Toll Brothers Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Toll Brothers'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.

Toll Brothers Cyclically Adjusted Price-to-FCF Chart

Toll Brothers Annual Data
Trend Oct14 Oct15 Oct16 Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 47.19 25.05 21.82 10.97 12.64

Toll Brothers Quarterly Data
Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24
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 14.40 16.23 12.64 18.11 -

Competitive Comparison of Toll Brothers's Cyclically Adjusted Price-to-FCF

For the Residential Construction subindustry, Toll Brothers'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.


Toll Brothers's Cyclically Adjusted Price-to-FCF Distribution in the Homebuilding & Construction Industry

For the Homebuilding & Construction industry and Consumer Cyclical sector, Toll Brothers's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Toll Brothers 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.

Toll Brothers's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=112.95/5.11
=22.10

* 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.

Toll Brothers's Cyclically Adjusted FCF per Share for the quarter that ended in Jan. 2024 is calculated as:

For example, Toll Brothers's adjusted Free Cash Flow per Share data for the three months ended in Jan. 2024 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Jan. 2024 (Change)*Current CPI (Jan. 2024)
=-2.769/130.1244*130.1244
=-2.769

Current CPI (Jan. 2024) = 130.1244.

Toll Brothers Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201404 0.704 100.023 0.916
201407 0.400 100.520 0.518
201410 1.143 100.176 1.485
201501 -0.168 98.604 -0.222
201504 -0.039 99.824 -0.051
201507 -0.367 100.691 -0.474
201510 0.816 100.346 1.058
201601 -0.125 99.957 -0.163
201604 0.008 100.947 0.010
201607 -1.698 101.524 -2.176
201610 2.491 101.988 3.178
201701 0.098 102.456 0.124
201704 1.162 103.167 1.466
201707 0.779 103.278 0.981
201710 2.313 104.070 2.892
201801 -1.711 104.578 -2.129
201804 -0.007 105.708 -0.009
201807 1.325 106.324 1.622
201810 3.813 106.695 4.650
201901 -1.212 106.200 -1.485
201904 0.446 107.818 0.538
201907 0.560 108.250 0.673
201910 2.453 108.577 2.940
202001 -2.533 108.841 -3.028
202004 1.081 108.173 1.300
202007 2.107 109.318 2.508
202010 5.486 109.861 6.498
202101 0.263 110.364 0.310
202104 -0.286 112.673 -0.330
202107 2.728 115.183 3.082
202110 5.792 116.696 6.459
202201 -2.153 118.619 -2.362
202204 0.429 121.978 0.458
202207 -0.499 125.002 -0.519
202210 10.866 125.734 11.245
202301 -3.119 126.223 -3.215
202304 3.931 127.992 3.996
202307 4.189 128.974 4.226
202310 5.002 129.810 5.014
202401 -2.769 130.124 -2.769

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.


Toll Brothers  (STU:TLK) 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.


Toll Brothers Cyclically Adjusted Price-to-FCF Related Terms

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


Toll Brothers (STU:TLK) Business Description

Traded in Other Exchanges
Address
1140 Virginia Drive, Fort Washington, PA, USA, 19034
Toll Brothers is the leading luxury homebuilder in the United States with an average sale price well above public competitors'. The company operates in over 60 markets across 24 states and caters to move-up, active-adult, and second-home buyers. Traditional homebuilding operations represent most of company's revenue. Toll Brothers also builds luxury for-sale and for-rent properties in urban centers across the U.S. It has its headquarters in Horsham, Pennsylvania.