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Tegna (FRA:GTT) Cyclically Adjusted Price-to-FCF : 5.56 (As of May. 15, 2024)


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What is Tegna Cyclically Adjusted Price-to-FCF?

As of today (2024-05-15), Tegna's current share price is €14.30. Tegna's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was €2.57. Tegna's Cyclically Adjusted Price-to-FCF for today is 5.56.

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

FRA:GTT' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 2.4   Med: 4.8   Max: 8.87
Current: 5.62

During the past years, Tegna's highest Cyclically Adjusted Price-to-FCF was 8.87. The lowest was 2.40. And the median was 4.80.

FRA:GTT's Cyclically Adjusted Price-to-FCF is ranked better than
80.11% of 362 companies
in the Media - Diversified industry
Industry Median: 16.345 vs FRA:GTT: 5.62

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.

Tegna's adjusted free cash flow per share data for the three months ended in Mar. 2024 was €0.492. 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 €2.57 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Tegna Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Tegna'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.

Tegna Cyclically Adjusted Price-to-FCF Chart

Tegna 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 6.62 5.46 7.26 7.85 5.42

Tegna 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 6.02 5.78 5.16 5.42 5.34

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

For the Broadcasting subindustry, Tegna'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.


Tegna's Cyclically Adjusted Price-to-FCF Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Tegna's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Tegna 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=14.30/2.57
=5.56

* 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.

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

For example, Tegna'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)
=0.492/129.4194*129.4194
=0.492

Current CPI (Mar. 2024) = 129.4194.

Tegna Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.488 100.560 0.628
201409 0.612 100.428 0.789
201412 0.758 99.070 0.990
201503 0.621 99.621 0.807
201506 0.440 100.684 0.566
201509 0.637 100.392 0.821
201512 0.399 99.792 0.517
201603 0.445 100.470 0.573
201606 0.318 101.688 0.405
201609 0.805 101.861 1.023
201612 0.863 101.863 1.096
201703 0.524 102.862 0.659
201706 0.292 103.349 0.366
201709 0.364 104.136 0.452
201712 0.096 104.011 0.119
201803 0.152 105.290 0.187
201806 0.366 106.317 0.446
201809 0.650 106.507 0.790
201812 0.668 105.998 0.816
201903 0.096 107.251 0.116
201906 0.226 108.070 0.271
201909 0.350 108.329 0.418
201912 0.189 108.420 0.226
202003 0.679 108.902 0.807
202006 0.506 108.767 0.602
202009 0.756 109.815 0.891
202012 1.022 109.897 1.204
202103 0.170 111.754 0.197
202106 0.462 114.631 0.522
202109 0.512 115.734 0.573
202112 0.536 117.630 0.590
202203 0.776 121.301 0.828
202206 0.748 125.017 0.774
202209 0.884 125.227 0.914
202212 0.820 125.222 0.847
202303 0.696 127.348 0.707
202306 0.531 128.729 0.534
202309 0.403 129.860 0.402
202312 0.746 129.419 0.746
202403 0.492 129.419 0.492

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.


Tegna  (FRA:GTT) 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.


Tegna Cyclically Adjusted Price-to-FCF Related Terms

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


Tegna (FRA:GTT) Business Description

Traded in Other Exchanges
Address
8350 Broad Street, Suite 2000, Tysons, VA, USA, 22102-5151
Tegna Inc is a media company with a portfolio of broadcast stations and digital sites. The firm has around 64 television stations and 2 radio stations in approximately 51 U.S markets. The company owns multicast networks of True Crime Network, Twist and Quest. Each television station also has a robust digital presence across online, mobile, connected television and social platforms, reaching consumers on all devices and platforms they use to consume news content. It generates key revenue from advertising and marketing services, subscription, political advertising, and other services.

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