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AT&T (FRA:SOBA) Cyclically Adjusted Price-to-FCF : 4.92 (As of May. 16, 2024)


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What is AT&T Cyclically Adjusted Price-to-FCF?

As of today (2024-05-16), AT&T's current share price is €15.838. AT&T's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was €3.22. AT&T's Cyclically Adjusted Price-to-FCF for today is 4.92.

The historical rank and industry rank for AT&T's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

FRA:SOBA' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 4.06   Med: 8.57   Max: 11.51
Current: 4.98

During the past years, AT&T's highest Cyclically Adjusted Price-to-FCF was 11.51. The lowest was 4.06. And the median was 8.57.

FRA:SOBA's Cyclically Adjusted Price-to-FCF is ranked better than
85.19% of 189 companies
in the Telecommunication Services industry
Industry Median: 13.51 vs FRA:SOBA: 4.98

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.

AT&T's adjusted free cash flow per share data for the three months ended in Mar. 2024 was €0.485. 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 €3.22 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


AT&T Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for AT&T'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.

AT&T Cyclically Adjusted Price-to-FCF Chart

AT&T 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 9.53 6.77 5.32 5.35 4.79

AT&T 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 5.60 4.62 4.31 4.79 5.06

Competitive Comparison of AT&T's Cyclically Adjusted Price-to-FCF

For the Telecom Services subindustry, AT&T'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.


AT&T's Cyclically Adjusted Price-to-FCF Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, AT&T's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where AT&T's Cyclically Adjusted Price-to-FCF falls into.



AT&T 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.

AT&T's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=15.838/3.22
=4.92

* 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.

AT&T's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, AT&T'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)
=0.485/131.7762*131.7762
=0.485

Current CPI (Mar. 2024) = 131.7762.

AT&T Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.301 100.560 0.394
201409 0.527 100.428 0.692
201412 0.214 99.070 0.285
201503 0.512 99.621 0.677
201506 0.799 100.684 1.046
201509 0.865 100.392 1.135
201512 0.492 99.792 0.650
201603 0.500 100.470 0.656
201606 0.726 101.688 0.941
201609 0.779 101.861 1.008
201612 0.461 101.863 0.596
201703 0.481 102.862 0.616
201706 0.538 103.349 0.686
201709 0.787 104.136 0.996
201712 0.635 104.011 0.805
201803 0.392 105.290 0.491
201806 0.702 106.317 0.870
201809 0.774 106.507 0.958
201812 0.902 105.998 1.121
201903 0.715 107.251 0.879
201906 1.067 108.070 1.301
201909 0.751 108.329 0.914
201912 0.999 108.420 1.214
202003 0.489 108.902 0.592
202006 0.940 108.767 1.139
202009 0.979 109.815 1.175
202012 0.881 109.897 1.056
202103 0.662 111.754 0.781
202106 0.816 114.631 0.938
202109 0.611 115.734 0.696
202112 0.911 117.630 1.021
202203 0.140 121.301 0.152
202206 0.124 125.017 0.131
202209 0.548 125.227 0.577
202212 0.762 125.222 0.802
202303 0.293 127.348 0.303
202306 0.727 128.729 0.744
202309 0.742 129.860 0.753
202312 0.864 129.419 0.880
202403 0.485 131.776 0.485

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.


AT&T  (FRA:SOBA) 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.


AT&T Cyclically Adjusted Price-to-FCF Related Terms

Thank you for viewing the detailed overview of AT&T's Cyclically Adjusted Price-to-FCF provided by GuruFocus.com. Please click on the following links to see related term pages.


AT&T (FRA:SOBA) Business Description

Address
208 S. Akard Street, Dallas, TX, USA, 75202
The wireless business contributes about two thirds of AT&T's revenue following the spinoff of Warner Media. The firm is the third-largest U.S. wireless carrier, connecting 70 million postpaid and 18 million prepaid phone customers. Fixed-line enterprise services, which account for about 18% of revenue, include internet access, private networking, security, voice, and wholesale network capacity. Residential fixed-line services, about 11% of revenue, primarily consist of broadband internet access service. AT&T also has a sizable presence in Mexico, serving 22 million customers, but this business only accounts for 3% of revenue. The firm still holds a 70% equity stake in satellite television provider DirecTV but does not consolidate this business in its financial statements.

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