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TOP Financial Group (TOP Financial Group) Cyclically Adjusted Price-to-FCF : (As of May. 23, 2024)


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What is TOP Financial Group Cyclically Adjusted Price-to-FCF?

TOP Financial Group does not have a history long enough to calculate Cyclically Adjusted FCF per Share. Therefore GuruFocus does not calculate Cyclically Adjusted Price-to-FCF for this company.

Shiller PE for Stocks: The True Measure of Stock Valuation


TOP Financial Group Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for TOP Financial Group'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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TOP Financial Group Cyclically Adjusted Price-to-FCF Chart

TOP Financial Group Annual Data
Trend Mar20 Mar21 Mar22 Mar23
Cyclically Adjusted Price-to-FCF
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TOP Financial Group Semi-Annual Data
Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23
Cyclically Adjusted Price-to-FCF Get a 7-Day Free Trial - - - - -

Competitive Comparison of TOP Financial Group's Cyclically Adjusted Price-to-FCF

For the Capital Markets subindustry, TOP Financial Group'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.


TOP Financial Group's Cyclically Adjusted Price-to-FCF Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, TOP Financial Group's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where TOP Financial Group's Cyclically Adjusted Price-to-FCF falls into.



TOP Financial Group 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.

TOP Financial Group does not have a history long enough to calculate Cyclically Adjusted FCF per Share. Therefore GuruFocus does not calculate Cyclically Adjusted Price-to-FCF for this company.


TOP Financial Group  (NAS:TOP) 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.


TOP Financial Group Cyclically Adjusted Price-to-FCF Related Terms

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TOP Financial Group (TOP Financial Group) Business Description

Traded in Other Exchanges
N/A
Address
118 Connaught Road West, Room 1101, Hong Kong, HKG
TOP Financial Group Ltd is an online brokerage firm in Hong Kong specializing in the trading of local and overseas equities, futures, and options products. The company operates in only one segment which is the futures brokerage service.