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Robert Half (Robert Half) Cyclically Adjusted Price-to-FCF : 14.76 (As of Apr. 27, 2024)


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What is Robert Half Cyclically Adjusted Price-to-FCF?

As of today (2024-04-27), Robert Half's current share price is $69.35. Robert Half's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was $4.70. Robert Half's Cyclically Adjusted Price-to-FCF for today is 14.76.

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

RHI' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 13.06   Med: 23.45   Max: 34.59
Current: 15.02

During the past years, Robert Half's highest Cyclically Adjusted Price-to-FCF was 34.59. The lowest was 13.06. And the median was 23.45.

RHI's Cyclically Adjusted Price-to-FCF is ranked better than
54.49% of 356 companies
in the Business Services industry
Industry Median: 17.405 vs RHI: 15.02

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.

Robert Half's adjusted free cash flow per share data for the three months ended in Dec. 2023 was $0.981. 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 $4.70 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Robert Half Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Robert Half'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.

Robert Half Cyclically Adjusted Price-to-FCF Chart

Robert Half 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 23.60 20.18 30.50 17.40 18.70

Robert Half Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 17.40 18.52 16.48 15.62 18.70

Competitive Comparison of Robert Half's Cyclically Adjusted Price-to-FCF

For the Staffing & Employment Services subindustry, Robert Half'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.


Robert Half's Cyclically Adjusted Price-to-FCF Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Robert Half's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Robert Half 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.

Robert Half's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=69.35/4.7
=14.76

* 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.

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

For example, Robert Half'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)
=0.981/129.4194*129.4194
=0.981

Current CPI (Dec. 2023) = 129.4194.

Robert Half Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 0.344 99.695 0.447
201406 0.695 100.560 0.894
201409 0.595 100.428 0.767
201412 0.417 99.070 0.545
201503 0.530 99.621 0.689
201506 0.941 100.684 1.210
201509 0.567 100.392 0.731
201512 0.694 99.792 0.900
201603 0.459 100.470 0.591
201606 0.802 101.688 1.021
201609 1.043 101.861 1.325
201612 0.486 101.863 0.617
201703 0.895 102.862 1.126
201706 0.989 103.349 1.238
201709 0.991 104.136 1.232
201712 0.422 104.011 0.525
201803 0.881 105.290 1.083
201806 1.132 106.317 1.378
201809 1.444 106.507 1.755
201812 0.899 105.998 1.098
201903 0.970 107.251 1.171
201906 0.896 108.070 1.073
201909 1.507 108.329 1.800
201912 0.577 108.420 0.689
202003 0.972 108.902 1.155
202006 2.590 108.767 3.082
202009 1.165 109.815 1.373
202012 0.243 109.897 0.286
202103 0.518 111.754 0.600
202106 1.421 114.631 1.604
202109 1.938 115.734 2.167
202112 1.199 117.630 1.319
202203 0.490 121.301 0.523
202206 1.938 125.017 2.006
202209 1.529 125.227 1.580
202212 1.761 125.222 1.820
202303 0.524 127.348 0.533
202306 2.550 128.729 2.564
202309 1.518 129.860 1.513
202312 0.981 129.419 0.981

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.


Robert Half  (NYSE:RHI) 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.


Robert Half Cyclically Adjusted Price-to-FCF Related Terms

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


Robert Half (Robert Half) Business Description

Industry
Traded in Other Exchanges
Address
2884 Sand Hill Road, Suite 200, Menlo Park, CA, USA, 94025
Founded in 1948, Robert Half provides temporary, permanent, and outcome-based staffing for both in-person and remote positions in the finance and accounting, technology, legal, marketing, and administrative fields. Its subsidiary consulting arm, Protiviti, specializes in technology, risk, auditing, and compliance matters. The firm generates most of its sales inside the U.S. and stands as one of the largest specialized firms in the highly fragmented U.S. staffing industry. The firm generates annual revenue of around $7 billion.
Executives
Robert W Glass officer: Executive Vice President
Marc Morial director 142 IRVING AVENUE, S. ORANGE NJ 07079
Dirk A Kempthorne director 1735 MARKET STREET, PHILADELPHIA PA 19103
Joseph A Tarantino officer: President and CEO, Protiviti 2884 SAND HILL ROAD, SUITE 200, MENLO PARK CA 94025
Marnie Huss Wilking director 5611 E HILLERY DR, SCOTTSDALE AZ 85254
Paul F Gentzkow officer: President & CEO Staffing 2884 SAND HILL ROAD, SUITE 200, MENLO PARK CA 94025
Messmer Harold M Jr director, officer: Executive Chairman
Barbara J Novogradac director C/O ROBERT HALF INTERNATIONAL INC., 2884 SAND HILL ROAD, MENLO PARK CA 94025
Robert J Pace director C/O ROBERT HALF INTERNATIONAL INC., 2884 SAND HILL ROAD, MENLO PARK CA 94025
Julia Lynn Coronado director C/O DYNEX CAPITAL, INC., 4991 LAKE BROOK DRIVE, SUITE 100, GLEN ALLEN VA 23060
Frederick A Richman director C/O ROBERT HALF INTERNATIONAL INC., 2884 SAND HILL ROAD, MENLO PARK CA 94025
M Keith Waddell director, officer: Chief Executive Officer
Michael C Buckley officer: Executive Vice President & CFO C/O ROBERT HALF INTERNATIONAL INC, 5720 STONERIDGE DR STE 3, PLEASANTON CA 94588
Steven Karel officer: Vice President and Secretary 2884 SAND HILL ROAD, SUITE 200, MENLO PARK CA 94025
Edward W Gibbons director C/O JACK IN THE BOX INC, 9330 BALVOA AVE, SAN DIEGO CA 92123