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Consolidated Edison (Consolidated Edison) Cyclically Adjusted Price-to-FCF : (As of Apr. 27, 2024)


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What is Consolidated Edison Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Consolidated Edison Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Consolidated Edison'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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Consolidated Edison Cyclically Adjusted Price-to-FCF Chart

Consolidated Edison Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
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Consolidated Edison Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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Competitive Comparison of Consolidated Edison's Cyclically Adjusted Price-to-FCF

For the Utilities - Regulated Electric subindustry, Consolidated Edison'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.


Consolidated Edison's Cyclically Adjusted Price-to-FCF Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Consolidated Edison's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Consolidated Edison 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.

Consolidated Edison's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, Consolidated Edison's adjusted Free Cash Flow per Share data for the three months ended in Dec. 2023 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=-0.809/129.4194*129.4194
=-0.809

Current CPI (Dec. 2023) = 129.4194.

Consolidated Edison Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 -1.139 99.695 -1.479
201406 1.381 100.560 1.777
201409 -0.459 100.428 -0.592
201412 1.619 99.070 2.115
201503 -0.112 99.621 -0.146
201506 0.568 100.684 0.730
201509 -0.472 100.392 -0.608
201512 0.773 99.792 1.002
201603 -0.980 100.470 -1.262
201606 0.816 101.688 1.039
201609 -0.369 101.861 -0.469
201612 -0.209 101.863 -0.266
201703 -1.237 102.862 -1.556
201706 0.988 103.349 1.237
201709 -0.430 104.136 -0.534
201712 0.426 104.011 0.530
201803 -2.189 105.290 -2.691
201806 0.035 106.317 0.043
201809 -1.214 106.507 -1.475
201812 0.785 105.998 0.958
201903 -1.135 107.251 -1.370
201906 0.608 108.070 0.728
201909 -1.333 108.329 -1.593
201912 0.778 108.420 0.929
202003 -1.449 108.902 -1.722
202006 -0.361 108.767 -0.430
202009 -2.343 109.815 -2.761
202012 -0.944 109.897 -1.112
202103 -2.099 111.754 -2.431
202106 0.295 114.631 0.333
202109 -1.853 115.734 -2.072
202112 0.152 117.630 0.167
202203 -1.095 121.301 -1.168
202206 1.153 125.017 1.194
202209 -1.284 125.227 -1.327
202212 0.570 125.222 0.589
202303 -3.100 127.348 -3.150
202306 0.072 128.729 0.072
202309 -2.840 129.860 -2.830
202312 -0.809 129.419 -0.809

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.


Consolidated Edison  (NYSE:ED) 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.


Consolidated Edison Cyclically Adjusted Price-to-FCF Related Terms

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Consolidated Edison (Consolidated Edison) Business Description

Traded in Other Exchanges
Address
4 Irving Place, Room 700, New York, NY, USA, 10003
Con Ed is a holding company for Consolidated Edison of New York, or CECONY, and Orange & Rockland, or O&R. These utilities provide steam, natural gas, and electricity to customers in southeastern New York—including New York City—and small parts of New Jersey. The two utilities generate nearly all of Con Ed's earnings following the sale of its clean energy business to RWE in early 2023.
Executives
Christina Ho officer: VP, Strategic Planning 4 IRVING PLACE, ROOM 16-205, NEW YORK NY 10003
Deneen L Donnley officer: SVP and General Counsel 4 IRVING PLACE, ROOM 16-205, NEW YORK NY 10003
Stuart Nachmias officer: President & CEO CET 4 IRVING PLACE, ROOM 16-205, NEW YORK NY 10003
Robert Sanchez officer: SVP, Corporate Shared Services 4 IRVING PLACE, ROOM 16-205, NEW YORK NY 10003
Timothy Cawley officer: President & CEO, O&R 4 IRVING PLACE, ROOM 16-205, NEW YORK NY 10003
Robert N Hoglund officer: Senior Vice President Finance 4 IRVING PLACE, ROOM 16-205, NEW YORK NY 10003
Joseph Miller officer: VP & Controller 4 IRVING PLACE, ROOM 16-205, NEW YORK NY 10003
Nancy Shannon officer: SVP, Utility Shared Services 4 IRVING PLACE, ROOM 16-205, NEW YORK NY 10003
Matthew Ketschke officer: President CECONY 4 IRVING PLACE, ROOM 16-205, NEW YORK NY 10003
Gurudatta D Nadkarni officer: Vice President 4 IRVING PLACE, ROOM 1450-S, NEW YORK NY 10003
Jennifer Hensley officer: SVP, Corporate Affairs 4 IRVING PLACE, ROOM 16-205, NEW YORK NY 10003
Frances Resheske officer: Senior VP Public Affairs 4 IRVING PLACE, NEW YORK NY 10003
De La Bastide Lore officer: SVP, Utility Shared Services 4 IRVING PLACE, ROOM 16-205, NEW YORK NY 10003
John Mcavoy officer: President & CEO, O&R 4 IRVING PLACE, ROOM 16-205, NEW YORK NY 10003
Yukari Saegusa officer: Vice President and Treasurer 4 IRVING PLACE, ROOM 1450-S, NEW YORK NY 10003