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Williams Partners LP (Williams Partners LP) Cyclically Adjusted Price-to-FCF : (As of May. 05, 2024)


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What is Williams Partners LP Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Williams Partners LP Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Williams Partners LP'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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Williams Partners LP Cyclically Adjusted Price-to-FCF Chart

Williams Partners LP Annual Data
Trend Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17
Cyclically Adjusted Price-to-FCF
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Williams Partners LP Quarterly Data
Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18
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Competitive Comparison of Williams Partners LP's Cyclically Adjusted Price-to-FCF

For the Oil & Gas Midstream subindustry, Williams Partners LP'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.


Williams Partners LP's Cyclically Adjusted Price-to-FCF Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Williams Partners LP's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Williams Partners LP's Cyclically Adjusted Price-to-FCF falls into.



Williams Partners LP 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.

Williams Partners LP's Cyclically Adjusted FCF per Share for the quarter that ended in Jun. 2018 is calculated as:

For example, Williams Partners LP's adjusted Free Cash Flow per Share data for the three months ended in Jun. 2018 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Jun. 2018 (Change)*Current CPI (Jun. 2018)
=0.035/106.3168*106.3168
=0.035

Current CPI (Jun. 2018) = 106.3168.

Williams Partners LP Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
200712 0.000 88.616 0.000
200812 0.000 88.697 0.000
200903 0.000 89.744 0.000
200906 0.000 91.003 0.000
200909 0.000 91.120 0.000
200912 0.000 91.111 0.000
201003 0.000 91.821 0.000
201006 0.288 91.962 0.333
201009 0.073 92.162 0.084
201012 -3.477 92.474 -3.997
201103 0.209 94.283 0.236
201106 -0.279 95.235 -0.311
201109 -0.121 95.727 -0.134
201112 0.056 95.213 0.063
201203 -0.085 96.783 -0.093
201206 0.056 96.819 0.061
201209 0.099 97.633 0.108
201212 -11.040 96.871 -12.116
201303 -1.073 98.209 -1.162
201306 -0.727 98.518 -0.785
201309 -0.662 98.790 -0.712
201312 -3.245 98.326 -3.509
201403 -0.484 99.695 -0.516
201406 -1.629 100.560 -1.722
201409 -1.867 100.428 -1.976
201412 0.257 99.070 0.276
201503 -0.075 99.621 -0.080
201506 0.138 100.684 0.146
201509 -0.148 100.392 -0.157
201512 -0.150 99.792 -0.160
201603 0.783 100.470 0.829
201606 0.381 101.688 0.398
201609 0.328 101.861 0.342
201612 1.870 101.863 1.952
201703 0.371 102.862 0.383
201706 0.378 103.349 0.389
201709 -0.327 104.136 -0.334
201712 0.038 104.011 0.039
201803 -0.206 105.290 -0.208
201806 0.035 106.317 0.035

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.


Williams Partners LP  (NYSE:WPZ) 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.


Williams Partners LP Cyclically Adjusted Price-to-FCF Related Terms

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Williams Partners LP (Williams Partners LP) Business Description

Industry
Traded in Other Exchanges
N/A
Address
Williams Partners is a large pipeline company that owns and operates the large Transco and Northwest pipeline systems and associated natural gas gathering and processing and storage assets. It also owns a 60% stake in Discovery, which owns offshore natural gas assets in the Gulf of Mexico. Williams Companies, a publicly traded C-Corporation, owns a 74% interest in Williams Partners. The partnership owns the underlying assets while the corporation holds the stake in the limited partnership.

Williams Partners LP (Williams Partners LP) Headlines