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Markel Group (FRA:MKV) Cyclically Adjusted Price-to-FCF : 14.76 (As of May. 14, 2024)


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What is Markel Group Cyclically Adjusted Price-to-FCF?

As of today (2024-05-14), Markel Group's current share price is €1529.00. Markel Group's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was €103.56. Markel Group's Cyclically Adjusted Price-to-FCF for today is 14.76.

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

FRA:MKV' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 10.3   Med: 18.89   Max: 30.03
Current: 14.57

During the past years, Markel Group's highest Cyclically Adjusted Price-to-FCF was 30.03. The lowest was 10.30. And the median was 18.89.

FRA:MKV's Cyclically Adjusted Price-to-FCF is ranked worse than
62.58% of 326 companies
in the Insurance industry
Industry Median: 11.16 vs FRA:MKV: 14.57

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.

Markel Group's adjusted free cash flow per share data for the three months ended in Mar. 2024 was €39.061. 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 €103.56 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Markel Group Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Markel 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.

Markel Group Cyclically Adjusted Price-to-FCF Chart

Markel 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 23.76 17.84 16.56 14.18 13.14

Markel 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 13.34 13.82 14.05 13.14 13.56

Competitive Comparison of Markel Group's Cyclically Adjusted Price-to-FCF

For the Insurance - Property & Casualty subindustry, Markel 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.


Markel Group's Cyclically Adjusted Price-to-FCF Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, Markel Group's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Markel 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=1529.00/103.56
=14.76

* 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.

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

For example, Markel 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)
=39.061/129.4194*129.4194
=39.061

Current CPI (Mar. 2024) = 129.4194.

Markel Group Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 10.862 100.560 13.979
201409 14.638 100.428 18.864
201412 8.672 99.070 11.329
201503 -0.051 99.621 -0.066
201506 12.673 100.684 16.290
201509 18.327 100.392 23.626
201512 5.417 99.792 7.025
201603 -7.623 100.470 -9.819
201606 9.795 101.688 12.466
201609 15.132 101.861 19.226
201612 13.212 101.863 16.786
201703 -0.261 102.862 -0.328
201706 13.096 103.349 16.400
201709 20.764 104.136 25.805
201712 14.231 104.011 17.707
201803 1.997 105.290 2.455
201806 13.551 106.317 16.496
201809 26.377 106.507 32.051
201812 6.441 105.998 7.864
201903 -0.384 107.251 -0.463
201906 13.134 108.070 15.729
201909 27.283 108.329 32.595
201912 34.646 108.420 41.356
202003 2.343 108.902 2.784
202006 25.848 108.767 30.756
202009 46.097 109.815 54.326
202012 26.540 109.897 31.255
202103 17.447 111.754 20.205
202106 28.231 114.631 31.873
202109 48.358 115.734 54.076
202112 37.760 117.630 41.545
202203 24.155 121.301 25.772
202206 31.084 125.017 32.179
202209 63.932 125.227 66.073
202212 54.832 125.222 56.670
202303 17.121 127.348 17.400
202306 46.950 128.729 47.202
202309 61.789 129.860 61.580
202312 49.595 129.419 49.595
202403 39.061 129.419 39.061

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.


Markel Group  (FRA:MKV) 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.


Markel Group Cyclically Adjusted Price-to-FCF Related Terms

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


Markel Group (FRA:MKV) Business Description

Industry
Traded in Other Exchanges
Address
4521 Highwoods Parkway, Glen Allen, VA, USA, 23060-6148
Markel's primary business is property and casualty insurance, and the company focuses primarily on specialty lines, ranging from areas such as executive liability to commercial equine insurance. The acquisition of Alterra in 2013 added substantial reinsurance operations, which now account for a little less than 15% of premiums. The company uses capital generated by its insurance operations to buy noninsurance operations in diverse areas, such as bakery equipment manufacturing and residential homebuilding.