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Telenor ASA (Telenor ASA) Cyclically Adjusted Price-to-FCF : 8.85 (As of Jun. 04, 2024)


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What is Telenor ASA Cyclically Adjusted Price-to-FCF?

As of today (2024-06-04), Telenor ASA's current share price is $11.775. Telenor ASA's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was $1.33. Telenor ASA's Cyclically Adjusted Price-to-FCF for today is 8.85.

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

TELNF' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 6.38   Med: 15.04   Max: 22.45
Current: 8.52

During the past years, Telenor ASA's highest Cyclically Adjusted Price-to-FCF was 22.45. The lowest was 6.38. And the median was 15.04.

TELNF's Cyclically Adjusted Price-to-FCF is ranked better than
69.47% of 190 companies
in the Telecommunication Services industry
Industry Median: 12.97 vs TELNF: 8.52

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.

Telenor ASA's adjusted free cash flow per share data for the three months ended in Mar. 2024 was $0.320. 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 $1.33 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Telenor ASA Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Telenor ASA'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.

Telenor ASA Cyclically Adjusted Price-to-FCF Chart

Telenor ASA 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 14.72 12.56 10.81 6.35 8.20

Telenor ASA 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 8.62 7.83 8.86 8.20 8.40

Competitive Comparison of Telenor ASA's Cyclically Adjusted Price-to-FCF

For the Telecom Services subindustry, Telenor ASA'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.


Telenor ASA's Cyclically Adjusted Price-to-FCF Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, Telenor ASA's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Telenor ASA 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.

Telenor ASA's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=11.775/1.33
=8.85

* 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.

Telenor ASA's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Telenor ASA'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)
=0.32/132.6000*132.6000
=0.320

Current CPI (Mar. 2024) = 132.6000.

Telenor ASA Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.436 97.500 0.593
201409 0.625 98.500 0.841
201412 0.020 98.600 0.027
201503 0.292 99.200 0.390
201506 0.430 100.100 0.570
201509 0.493 100.600 0.650
201512 0.098 100.900 0.129
201603 0.392 102.500 0.507
201606 0.176 103.800 0.225
201609 0.523 104.200 0.666
201612 0.195 104.400 0.248
201703 0.230 105.000 0.290
201706 0.476 105.800 0.597
201709 0.620 105.900 0.776
201712 0.304 106.100 0.380
201803 0.263 107.300 0.325
201806 0.367 108.500 0.449
201809 0.515 109.500 0.624
201812 0.069 109.800 0.083
201903 0.206 110.400 0.247
201906 0.095 110.600 0.114
201909 0.401 111.100 0.479
201912 0.230 111.300 0.274
202003 0.334 111.200 0.398
202006 0.453 112.100 0.536
202009 0.542 112.900 0.637
202012 0.529 112.900 0.621
202103 0.431 114.600 0.499
202106 0.438 115.300 0.504
202109 0.738 117.500 0.833
202112 0.289 118.900 0.322
202203 0.398 119.800 0.441
202206 0.289 122.600 0.313
202209 0.447 125.600 0.472
202212 0.336 125.900 0.354
202303 0.091 127.600 0.095
202306 0.125 130.400 0.127
202309 0.351 129.800 0.359
202312 0.393 131.900 0.395
202403 0.320 132.600 0.320

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.


Telenor ASA  (OTCPK:TELNF) 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.


Telenor ASA Cyclically Adjusted Price-to-FCF Related Terms

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


Telenor ASA (Telenor ASA) Business Description

Address
Snaroyveien 30, Fornebu, NOR, N-1360
Telenor is an international provider of telecom, data, and media communication services. It is the incumbent dominant telecom operator in Norway and the Norwegian government holds a stake of more than 50% in the firm. Telenor also operates in other Nordic countries and owns several businesses in Asia. Most of Telenor's operations are mobile businesses, although it also has some fixed-line operations in Nordic European countries.

Telenor ASA (Telenor ASA) Headlines

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