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Diamond Hill Investment Group (Diamond Hill Investment Group) Cyclically Adjusted Price-to-FCF : 10.25 (As of May. 24, 2024)


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What is Diamond Hill Investment Group Cyclically Adjusted Price-to-FCF?

As of today (2024-05-24), Diamond Hill Investment Group's current share price is $153.00. Diamond Hill Investment Group's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was $14.93. Diamond Hill Investment Group's Cyclically Adjusted Price-to-FCF for today is 10.25.

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

DHIL' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 7.07   Med: 15.88   Max: 25.3
Current: 10.21

During the past years, Diamond Hill Investment Group's highest Cyclically Adjusted Price-to-FCF was 25.30. The lowest was 7.07. And the median was 15.88.

DHIL's Cyclically Adjusted Price-to-FCF is ranked better than
66.8% of 500 companies
in the Asset Management industry
Industry Median: 20.13 vs DHIL: 10.21

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.

Diamond Hill Investment Group's adjusted free cash flow per share data for the three months ended in Mar. 2024 was $-4.410. 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 $14.93 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Diamond Hill Investment Group Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Diamond Hill Investment Group'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.

Diamond Hill Investment Group Cyclically Adjusted Price-to-FCF Chart

Diamond Hill Investment Group 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 11.93 11.82 14.52 12.73 11.16

Diamond Hill Investment Group 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 11.41 11.73 11.53 11.16 10.32

Competitive Comparison of Diamond Hill Investment Group's Cyclically Adjusted Price-to-FCF

For the Asset Management subindustry, Diamond Hill Investment Group'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.


Diamond Hill Investment Group's Cyclically Adjusted Price-to-FCF Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Diamond Hill Investment Group's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Diamond Hill Investment Group's Cyclically Adjusted Price-to-FCF falls into.



Diamond Hill Investment Group 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.

Diamond Hill Investment Group's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=153.00/14.93
=10.25

* 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.

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

For example, Diamond Hill Investment Group'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)
=-4.41/131.7762*131.7762
=-4.410

Current CPI (Mar. 2024) = 131.7762.

Diamond Hill Investment Group Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 4.885 100.560 6.401
201409 4.628 100.428 6.073
201412 4.980 99.070 6.624
201503 0.473 99.621 0.626
201506 4.406 100.684 5.767
201509 5.383 100.392 7.066
201512 4.682 99.792 6.183
201603 -1.218 100.470 -1.598
201606 6.284 101.688 8.143
201609 -2.781 101.861 -3.598
201612 3.439 101.863 4.449
201703 2.091 102.862 2.679
201706 4.173 103.349 5.321
201709 5.351 104.136 6.771
201712 5.686 104.011 7.204
201803 -5.432 105.290 -6.798
201806 3.136 106.317 3.887
201809 4.774 106.507 5.907
201812 5.240 105.998 6.514
201903 4.572 107.251 5.618
201906 3.649 108.070 4.449
201909 3.161 108.329 3.845
201912 4.995 108.420 6.071
202003 0.573 108.902 0.693
202006 5.886 108.767 7.131
202009 4.884 109.815 5.861
202012 6.591 109.897 7.903
202103 -5.092 111.754 -6.004
202106 5.705 114.631 6.558
202109 3.798 115.734 4.324
202112 3.442 117.630 3.856
202203 -4.300 121.301 -4.671
202206 4.486 125.017 4.729
202209 5.108 125.227 5.375
202212 7.727 125.222 8.131
202303 -4.560 127.348 -4.719
202306 4.002 128.729 4.097
202309 4.599 129.860 4.667
202312 8.052 129.419 8.199
202403 -4.410 131.776 -4.410

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.


Diamond Hill Investment Group  (NAS:DHIL) 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.


Diamond Hill Investment Group Cyclically Adjusted Price-to-FCF Related Terms

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


Diamond Hill Investment Group (Diamond Hill Investment Group) Business Description

Traded in Other Exchanges
Address
325 John H. McConnell Boulevard, Suite 200, Columbus, OH, USA, 43215
Diamond Hill Investment Group Inc sponsors, markets, and provides investment advisory and related services to various U.S. and foreign clients including mutual funds, separate accounts, and private investment funds. The company's objective is to fulfill a fiduciary duty to clients and secondary objectives to achieve an adequate long-term return for shareholders. The company generates its revenue from Investment advisory and Mutual fund administration fees.
Executives
Laird James F Jr officer: Chief Financial Officer 375 N FRONT STREET, SUITE 300, COLUMBUS OH 43215
Heather E Brilliant director, officer: Chief Executive Officer 325 JOHN H MCCONNELL BLVD, SUITE 200, COLUMBUS OH 43215
Paula R Meyer director ADVISORY HEDGED OPPORTUNITY FUND, 50590 AXP FINANCIAL CENTER, MINNEAPOLIS MN 55474
Jo Ann Quinif officer: President of DHCM 325 JOHN H. MCCONNELL BLVD., SUITE 200, COLUMBUS OH 43215
Mark Zinkula director 325 JOHN H MCCONNELL BLVD, SUITE 200, COLUMBUS OH 43215
Thomas Edward Line officer: Chief Financial Officer 325 JOHN H. MCCONNELL BLVD., SUITE 200, COLUMBUS OH 43215
L'quentus Thomas director 325 JOHN H MCCONNELL BLVD, SUITE 200, COLUMBUS OH 43215
Richard Scott Cooley director 325 JOHN H MCCONNELL BLVD, SUITE 200, COLUMBUS OH 43215
Randolph J. Fortener director 325 JOHN H. MCCONNELL BLVD., STE. 200, COLUMBUS OH 43215
St. Pierre Nicole Renee director 325 JOHN H. MCCONNELL BLVD., SUITE 200, COLUMBUS OH 43215
Dillon Roderick H Jr director, officer: Chief Executive Officer 180 BEACH DRIVE NE 2001, SAINT PETERSBURG FL 33701
Lisa M Wesolek officer: COO of DHCM 325 JOHN H. MCCONNELL BLVD., STE 200, COLUMBUS OH 43215
Bradley C Shoup director 325 JOHN H. MCCONNELL BLVD., SUITE 200, COLUMBUS OH 43215
Frances A Skinner director 138 PUTNAM STREET, MARIETTA OH 45750
Christopher M Bingaman officer: President of DHCM 325 JOHN H. MCCONNELL BLVD., STE. 200, COLUMBUS OH 43215