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Robert Half (FRA:RHJ) Cyclically Adjusted Price-to-FCF : 13.53 (As of Jun. 09, 2024)


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What is Robert Half Cyclically Adjusted Price-to-FCF?

As of today (2024-06-09), Robert Half's current share price is €57.50. Robert Half's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was €4.25. Robert Half's Cyclically Adjusted Price-to-FCF for today is 13.53.

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

FRA:RHJ' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 13.06   Med: 23.45   Max: 34.59
Current: 13.2

During the past years, Robert Half's highest Cyclically Adjusted Price-to-FCF was 34.59. The lowest was 13.06. And the median was 23.45.

FRA:RHJ's Cyclically Adjusted Price-to-FCF is ranked better than
61.96% of 368 companies
in the Business Services industry
Industry Median: 18.145 vs FRA:RHJ: 13.20

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.

Robert Half's adjusted free cash flow per share data for the three months ended in Mar. 2024 was €-0.244. 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 €4.25 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Robert Half Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Robert Half'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.

Robert Half Cyclically Adjusted Price-to-FCF Chart

Robert Half 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 23.60 20.18 30.50 17.40 18.70

Robert Half 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 18.52 16.48 15.62 18.70 16.82

Competitive Comparison of Robert Half's Cyclically Adjusted Price-to-FCF

For the Staffing & Employment Services subindustry, Robert Half'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.


Robert Half's Cyclically Adjusted Price-to-FCF Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Robert Half's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Robert Half 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=57.50/4.25
=13.53

* 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.

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

For example, Robert Half'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)
=-0.244/131.7762*131.7762
=-0.244

Current CPI (Mar. 2024) = 131.7762.

Robert Half Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.511 100.560 0.670
201409 0.462 100.428 0.606
201412 0.338 99.070 0.450
201503 0.489 99.621 0.647
201506 0.839 100.684 1.098
201509 0.505 100.392 0.663
201512 0.637 99.792 0.841
201603 0.412 100.470 0.540
201606 0.714 101.688 0.925
201609 0.929 101.861 1.202
201612 0.461 101.863 0.596
201703 0.837 102.862 1.072
201706 0.880 103.349 1.122
201709 0.831 104.136 1.052
201712 0.357 104.011 0.452
201803 0.714 105.290 0.894
201806 0.969 106.317 1.201
201809 1.238 106.507 1.532
201812 0.790 105.998 0.982
201903 0.858 107.251 1.054
201906 0.793 108.070 0.967
201909 1.369 108.329 1.665
201912 0.520 108.420 0.632
202003 0.879 108.902 1.064
202006 2.300 108.767 2.787
202009 0.989 109.815 1.187
202012 0.199 109.897 0.239
202103 0.435 111.754 0.513
202106 1.180 114.631 1.356
202109 1.648 115.734 1.876
202112 1.061 117.630 1.189
202203 0.445 121.301 0.483
202206 1.834 125.017 1.933
202209 1.544 125.227 1.625
202212 1.662 125.222 1.749
202303 0.490 127.348 0.507
202306 2.353 128.729 2.409
202309 1.422 129.860 1.443
202312 0.899 129.419 0.915
202403 -0.244 131.776 -0.244

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.


Robert Half  (FRA:RHJ) 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.


Robert Half Cyclically Adjusted Price-to-FCF Related Terms

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


Robert Half (FRA:RHJ) Business Description

Industry
Traded in Other Exchanges
Address
2884 Sand Hill Road, Suite 200, Menlo Park, CA, USA, 94025
Founded in 1948, Robert Half provides temporary, permanent, and outcome-based staffing for both in-person and remote positions in the finance and accounting, technology, legal, marketing, and administrative fields. Its subsidiary consulting arm, Protiviti, specializes in technology, risk, auditing, and compliance matters. The firm generates most of its sales inside the U.S. and stands as one of the largest specialized firms in the highly fragmented U.S. staffing industry. The firm generates annual revenue of around $7 billion.

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