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Gazprom PJSC (MIC:GAZP) Cyclically Adjusted Price-to-FCF : (As of May. 28, 2024)


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What is Gazprom PJSC Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Gazprom PJSC Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Gazprom PJSC'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.

Gazprom PJSC Cyclically Adjusted Price-to-FCF Chart

Gazprom PJSC Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - 15.95 18.78 -

Gazprom PJSC Quarterly Data
Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Jun22 Dec22 Jun23
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 23.53 18.78 - - -

Competitive Comparison of Gazprom PJSC's Cyclically Adjusted Price-to-FCF

For the Oil & Gas Integrated subindustry, Gazprom PJSC'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.


Gazprom PJSC's Cyclically Adjusted Price-to-FCF Distribution in the Oil & Gas Industry

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

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



Gazprom PJSC 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.

Gazprom PJSC's Cyclically Adjusted FCF per Share for the quarter that ended in Jun. 2023 is calculated as:

For example, Gazprom PJSC's adjusted Free Cash Flow per Share data for the three months ended in Jun. 2023 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Jun. 2023 (Change)*Current CPI (Jun. 2023)
=0/238.3000*238.3000
=0.000

Current CPI (Jun. 2023) = 238.3000.

Gazprom PJSC Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201212 0.000 117.300 0.000
201303 4.997 119.500 9.965
201306 0.000 121.400 0.000
201309 0.000 122.800 0.000
201312 0.000 124.900 0.000
201403 12.603 127.800 23.500
201406 3.286 130.900 5.982
201409 0.204 132.700 0.366
201412 12.325 139.000 21.130
201503 10.953 149.400 17.471
201506 -2.243 150.900 -3.542
201509 1.280 153.500 1.987
201512 6.962 157.000 10.567
201603 10.322 160.200 15.354
201606 -1.275 162.200 -1.873
201609 -4.540 163.300 -6.625
201612 4.271 165.400 6.153
201703 -9.778 167.000 -13.953
201706 0.505 169.200 0.711
201709 -7.696 168.200 -10.903
201712 7.070 169.600 9.934
201803 1.184 171.000 1.650
201806 5.891 173.100 8.110
201809 3.547 173.900 4.861
201812 -11.622 176.800 -15.665
201903 11.029 179.900 14.609
201906 10.160 181.200 13.362
201909 -3.117 180.800 -4.108
201912 -20.117 182.200 -26.311
202003 7.217 184.500 9.321
202006 -5.548 187.000 -7.070
202009 5.052 187.400 6.424
202012 10.041 191.100 12.521
202103 9.652 195.200 11.783
202106 6.443 199.100 7.712
202109 4.565 201.300 5.404
202112 25.085 207.200 28.850
202206 0.000 230.800 0.000
202212 0.000 231.900 0.000
202306 0.000 238.300 0.000

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.


Gazprom PJSC  (MIC:GAZP) 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.


Gazprom PJSC Cyclically Adjusted Price-to-FCF Related Terms

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Gazprom PJSC (MIC:GAZP) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Gazprom PJSC (MIC:GAZP) » Definitions » Cyclically Adjusted Price-to-FCF
Traded in Other Exchanges
N/A
Address
St. Petersburg, 2/3 Lakhtinsky Avenue, Building No. 1, Moscow, RUS, 197229
Gazprom PJSC is a Russian-based integrated oil and gas company in which the Russian government is a majority shareholder. Much of the business lies within the production, transportation, and distribution of natural gas. The company is a major gas supplier to European countries, with substantial gas pipelines throughout Western Russia and into Europe. While its oil segment is a smaller portion of revenue, the company is still integrated into the production, processing, and refinement of crude oil and refined products. Across both segments, the company produces its oil and gas from fields distributed across Russia, with end markets consisting mostly of Europe and Russia.

Gazprom PJSC (MIC:GAZP) Headlines

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