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PulteGroup (BSP:P1HM34) Cyclically Adjusted Price-to-FCF : 36.12 (As of Jun. 08, 2024)


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What is PulteGroup Cyclically Adjusted Price-to-FCF?

As of today (2024-06-08), PulteGroup's current share price is R$582.92. PulteGroup's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was R$16.14. PulteGroup's Cyclically Adjusted Price-to-FCF for today is 36.12.

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

BSP:P1HM34' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 8.18   Med: 16.97   Max: 33.14
Current: 29.45

During the past years, PulteGroup's highest Cyclically Adjusted Price-to-FCF was 33.14. The lowest was 8.18. And the median was 16.97.

BSP:P1HM34's Cyclically Adjusted Price-to-FCF is ranked worse than
80% of 50 companies
in the Homebuilding & Construction industry
Industry Median: 15.765 vs BSP:P1HM34: 29.45

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.

PulteGroup's adjusted free cash flow per share data for the three months ended in Mar. 2024 was R$5.030. 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$16.14 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


PulteGroup Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for PulteGroup'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.

PulteGroup Cyclically Adjusted Price-to-FCF Chart

PulteGroup 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 22.74 19.68 21.06 15.78 28.32

PulteGroup 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 18.50 22.28 20.33 28.32 31.85

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

For the Residential Construction subindustry, PulteGroup'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.


PulteGroup's Cyclically Adjusted Price-to-FCF Distribution in the Homebuilding & Construction Industry

For the Homebuilding & Construction industry and Consumer Cyclical sector, PulteGroup's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



PulteGroup 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=582.92/16.14
=36.12

* 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.

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

For example, PulteGroup'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)
=5.03/131.7762*131.7762
=5.030

Current CPI (Mar. 2024) = 131.7762.

PulteGroup Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -0.190 100.560 -0.249
201409 0.735 100.428 0.964
201412 0.734 99.070 0.976
201503 -0.339 99.621 -0.448
201506 -1.489 100.684 -1.949
201509 -0.715 100.392 -0.939
201512 -1.149 99.792 -1.517
201603 -0.764 100.470 -1.002
201606 -2.644 101.688 -3.426
201609 0.039 101.861 0.050
201612 3.747 101.863 4.847
201703 0.291 102.862 0.373
201706 1.361 103.349 1.735
201709 0.725 104.136 0.917
201712 4.517 104.011 5.723
201803 1.748 105.290 2.188
201806 4.748 106.317 5.885
201809 6.552 106.507 8.107
201812 5.832 105.998 7.250
201903 1.969 107.251 2.419
201906 1.852 108.070 2.258
201909 3.967 108.329 4.826
201912 7.233 108.420 8.791
202003 3.323 108.902 4.021
202006 11.314 108.767 13.707
202009 9.006 109.815 10.807
202012 9.702 109.897 11.634
202103 3.432 111.754 4.047
202106 4.565 114.631 5.248
202109 1.949 115.734 2.219
202112 9.759 117.630 10.933
202203 3.568 121.301 3.876
202206 -2.914 125.017 -3.072
202209 -9.758 125.227 -10.268
202212 21.814 125.222 22.956
202303 15.851 127.348 16.402
202306 15.598 128.729 15.967
202309 9.785 129.860 9.929
202312 5.992 129.419 6.101
202403 5.030 131.776 5.030

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.


PulteGroup  (BSP:P1HM34) 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.


PulteGroup Cyclically Adjusted Price-to-FCF Related Terms

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


PulteGroup (BSP:P1HM34) Business Description

Traded in Other Exchanges
Address
3350 Peachtree Road NE, Suite 1500, Atlanta, GA, USA, 30326
PulteGroup Inc is one of the largest homebuilders in the United States, operating in 42 markets across 24 states. The company mainly builds single-family detached homes (85% of unit sales) and offers products to entry-level, move-up, and active-adult buyers. PulteGroup offers homebuyers mortgage financing and title agency services through its financial services segment. The company is headquartered in Atlanta.

PulteGroup (BSP:P1HM34) Headlines

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