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Nasdaq (BSP:N1DA34) Cyclically Adjusted Price-to-FCF : 27.91 (As of Jun. 02, 2024)


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What is Nasdaq Cyclically Adjusted Price-to-FCF?

As of today (2024-06-02), Nasdaq's current share price is R$154.35. Nasdaq's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was R$5.53. Nasdaq's Cyclically Adjusted Price-to-FCF for today is 27.91.

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

BSP:N1DA34' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 15.55   Med: 26.13   Max: 46.07
Current: 26.59

During the past years, Nasdaq's highest Cyclically Adjusted Price-to-FCF was 46.07. The lowest was 15.55. And the median was 26.13.

BSP:N1DA34's Cyclically Adjusted Price-to-FCF is ranked worse than
63.45% of 238 companies
in the Capital Markets industry
Industry Median: 18.46 vs BSP:N1DA34: 26.59

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.

Nasdaq's adjusted free cash flow per share data for the three months ended in Mar. 2024 was R$2.112. 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 R$5.53 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Nasdaq Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Nasdaq'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.

Nasdaq Cyclically Adjusted Price-to-FCF Chart

Nasdaq 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 27.84 30.80 44.01 32.57 27.23

Nasdaq 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 27.48 24.13 22.86 27.23 28.42

Competitive Comparison of Nasdaq's Cyclically Adjusted Price-to-FCF

For the Financial Data & Stock Exchanges subindustry, Nasdaq'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.


Nasdaq's Cyclically Adjusted Price-to-FCF Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Nasdaq's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Nasdaq 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=154.35/5.53
=27.91

* 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.

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

For example, Nasdaq'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)
=2.112/131.7762*131.7762
=2.112

Current CPI (Mar. 2024) = 131.7762.

Nasdaq Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.357 100.560 0.468
201409 -0.007 100.428 -0.009
201412 0.454 99.070 0.604
201503 0.628 99.621 0.831
201506 0.422 100.684 0.552
201509 0.129 100.392 0.169
201512 0.815 99.792 1.076
201603 0.849 100.470 1.114
201606 0.495 101.688 0.641
201609 0.093 101.861 0.120
201612 0.776 101.863 1.004
201703 0.637 102.862 0.816
201706 0.789 103.349 1.006
201709 0.175 104.136 0.221
201712 0.835 104.011 1.058
201803 1.161 105.290 1.453
201806 0.939 106.317 1.164
201809 -0.053 106.507 -0.066
201812 1.243 105.998 1.545
201903 1.215 107.251 1.493
201906 0.550 108.070 0.671
201909 0.312 108.329 0.380
201912 1.230 108.420 1.495
202003 1.729 108.902 2.092
202006 2.078 108.767 2.518
202009 -0.344 109.815 -0.413
202012 1.923 109.897 2.306
202103 1.979 111.754 2.334
202106 0.171 114.631 0.197
202109 1.034 115.734 1.177
202112 1.855 117.630 2.078
202203 2.827 121.301 3.071
202206 1.692 125.017 1.783
202209 1.009 125.227 1.062
202212 2.428 125.222 2.555
202303 2.763 127.348 2.859
202306 1.844 128.729 1.888
202309 1.314 129.860 1.333
202312 1.667 129.419 1.697
202403 2.112 131.776 2.112

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.


Nasdaq  (BSP:N1DA34) 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.


Nasdaq Cyclically Adjusted Price-to-FCF Related Terms

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


Nasdaq (BSP:N1DA34) Business Description

Industry
Traded in Other Exchanges
Address
151 W. 42nd Street, New York, NY, USA, 10036
Founded in 1971, Nasdaq is primarily known for its equity exchange, but in addition to its market-services business (about 35% of sales), the company sells and distributes market data as well as offers Nasdaq-branded indexes to asset managers and investors through its information-services segment (30%). Nasdaq's corporate-services business (20%) offers listing services and related investor relations products to publicly traded companies and through the company's market technology group (15%), Nasdaq facilitates the exchange operations of other exchanges throughout the world and provides financial compliance services.

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