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Petroleo Brasileiro Petrobras (XMAD:XPBR) Cyclically Adjusted Price-to-FCF : 5.23 (As of Jun. 08, 2024)


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What is Petroleo Brasileiro Petrobras Cyclically Adjusted Price-to-FCF?

As of today (2024-06-08), Petroleo Brasileiro Petrobras's current share price is €7.161. Petroleo Brasileiro Petrobras's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was €1.37. Petroleo Brasileiro Petrobras's Cyclically Adjusted Price-to-FCF for today is 5.23.

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

XMAD:XPBR' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 2.53   Med: 7.59   Max: 29.18
Current: 5.21

During the past years, Petroleo Brasileiro Petrobras's highest Cyclically Adjusted Price-to-FCF was 29.18. The lowest was 2.53. And the median was 7.59.

XMAD:XPBR's Cyclically Adjusted Price-to-FCF is ranked better than
81.91% of 398 companies
in the Oil & Gas industry
Industry Median: 13.655 vs XMAD:XPBR: 5.21

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.

Petroleo Brasileiro Petrobras's adjusted free cash flow per share data for the three months ended in Mar. 2024 was €0.466. 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 €1.37 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Petroleo Brasileiro Petrobras Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Petroleo Brasileiro Petrobras'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.

Petroleo Brasileiro Petrobras Cyclically Adjusted Price-to-FCF Chart

Petroleo Brasileiro Petrobras 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 29.14 12.89 10.19 7.00 5.65

Petroleo Brasileiro Petrobras Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 5.94 6.26 6.08 5.65 5.17

Competitive Comparison of Petroleo Brasileiro Petrobras's Cyclically Adjusted Price-to-FCF

For the Oil & Gas Integrated subindustry, Petroleo Brasileiro Petrobras'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.


Petroleo Brasileiro Petrobras's Cyclically Adjusted Price-to-FCF Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Petroleo Brasileiro Petrobras's Cyclically Adjusted Price-to-FCF falls into.



Petroleo Brasileiro Petrobras 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.

Petroleo Brasileiro Petrobras's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=7.161/1.37
=5.23

* 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.

Petroleo Brasileiro Petrobras's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Petroleo Brasileiro Petrobras's adjusted Free Cash Flow per Share data for the three months ended in Mar. 2024 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=0.466/159.3724*159.3724
=0.466

Current CPI (Mar. 2024) = 159.3724.

Petroleo Brasileiro Petrobras Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -0.129 91.838 -0.224
201409 0.092 92.602 0.158
201412 -0.163 94.194 -0.276
201503 -0.027 97.799 -0.044
201506 0.118 100.006 0.188
201509 0.080 101.392 0.126
201512 0.135 104.247 0.206
201603 0.046 106.979 0.069
201606 0.213 108.851 0.312
201609 0.336 109.986 0.487
201612 0.243 110.802 0.350
201703 0.301 111.869 0.429
201706 0.198 112.115 0.281
201709 0.297 112.777 0.420
201712 0.127 114.068 0.177
201803 0.236 114.868 0.327
201806 0.284 117.038 0.387
201809 0.038 117.881 0.051
201812 0.287 118.340 0.387
201903 0.213 120.124 0.283
201906 0.216 120.977 0.285
201909 0.452 121.292 0.594
201912 -0.766 123.436 -0.989
202003 0.410 124.092 0.527
202006 0.269 123.557 0.347
202009 0.486 125.095 0.619
202012 0.358 129.012 0.442
202103 0.360 131.660 0.436
202106 0.594 133.871 0.707
202109 0.588 137.913 0.679
202112 0.510 141.992 0.572
202203 0.552 146.537 0.600
202206 0.928 149.784 0.987
202209 0.783 147.800 0.844
202212 0.672 150.207 0.713
202303 0.567 153.352 0.589
202306 0.476 154.519 0.491
202309 0.602 155.464 0.617
202312 0.571 157.148 0.579
202403 0.466 159.372 0.466

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.


Petroleo Brasileiro Petrobras  (XMAD:XPBR) 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.


Petroleo Brasileiro Petrobras Cyclically Adjusted Price-to-FCF Related Terms

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Petroleo Brasileiro Petrobras (XMAD:XPBR) Business Description

Address
Avenida Republica do Chile, 65, Rio de Janeiro, RJ, BRA, 20031-912
Petrobras is a Brazil-based integrated energy company controlled by the Brazilian government. The company focuses on exploration and production for oil and gas in Brazilian offshore fields. Production in 2022 was 2.7 million barrels of oil equivalent a day (80% oil production), and reserves stood at 10.5 billion boe (85% oil). At year-end 2022, Petrobras operated 11 refineries in Brazil with capacity of 1.9 million barrels a day and distributes refined products and natural gas throughout Brazil.

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