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Harbourvest Global Private Equity (LSE:HVPE) Cyclically Adjusted Price-to-FCF : 0.16 (As of Jun. 04, 2024)


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What is Harbourvest Global Private Equity Cyclically Adjusted Price-to-FCF?

As of today (2024-06-04), Harbourvest Global Private Equity's current share price is £23.45. Harbourvest Global Private Equity's Cyclically Adjusted FCF per Share for the fiscal year that ended in Jan24 was £144.74. Harbourvest Global Private Equity's Cyclically Adjusted Price-to-FCF for today is 0.16.

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

LSE:HVPE' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 0.14   Med: 54.35   Max: 97.58
Current: 0.17

During the past 13 years, Harbourvest Global Private Equity's highest Cyclically Adjusted Price-to-FCF was 97.58. The lowest was 0.14. And the median was 54.35.

LSE:HVPE's Cyclically Adjusted Price-to-FCF is ranked better than
98.6% of 499 companies
in the Asset Management industry
Industry Median: 20.16 vs LSE:HVPE: 0.17

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.

Harbourvest Global Private Equity's adjusted free cash flow per share data of for the fiscal year that ended in Jan24 was £-2.921. 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 £144.74 for the trailing ten years ended in Jan24.

Shiller PE for Stocks: The True Measure of Stock Valuation


Harbourvest Global Private Equity Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Harbourvest Global Private Equity'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.

Harbourvest Global Private Equity Cyclically Adjusted Price-to-FCF Chart

Harbourvest Global Private Equity Annual Data
Trend Jan15 Jan16 Jan17 Jan18 Jan19 Jan20 Jan21 Jan22 Jan23 Jan24
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 91.59 - 0.21 0.16 0.16

Harbourvest Global Private Equity Semi-Annual Data
Jan14 Jul14 Jan15 Jul15 Jan16 Jul16 Jan17 Jul17 Jan18 Jul18 Jan19 Jul19 Jan20 Jul20 Jan21 Jul21 Jan22 Jul22 Jan23 Jan24
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 - 0.21 - 0.16 0.16

Competitive Comparison of Harbourvest Global Private Equity's Cyclically Adjusted Price-to-FCF

For the Asset Management subindustry, Harbourvest Global Private Equity'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.


Harbourvest Global Private Equity's Cyclically Adjusted Price-to-FCF Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Harbourvest Global Private Equity's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Harbourvest Global Private Equity's Cyclically Adjusted Price-to-FCF falls into.



Harbourvest Global Private Equity 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.

Harbourvest Global Private Equity's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=23.45/144.74
=0.16

* 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.

Harbourvest Global Private Equity's Cyclically Adjusted FCF per Share for the fiscal year that ended in Jan24 is calculated as:

For example, Harbourvest Global Private Equity's adjusted Free Cash Flow per Share data for the fiscal year that ended in Jan24 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Jan24 (Change)*Current CPI (Jan24)
=-2.921/130.1244*130.1244
=-2.921

Current CPI (Jan24) = 130.1244.

Harbourvest Global Private Equity Annual Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201501 1.513 98.604 1.997
201601 1.193 99.957 1.553
201701 -0.296 102.456 -0.376
201801 0.740 104.578 0.921
201901 -0.974 106.200 -1.193
202001 -0.249 108.841 -0.298
202101 -1,394.538 110.364 -1,644.224
202201 2,819.225 118.619 3,092.667
202301 -0.704 126.223 -0.726
202401 -2.921 130.124 -2.921

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.


Harbourvest Global Private Equity  (LSE:HVPE) 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.


Harbourvest Global Private Equity Cyclically Adjusted Price-to-FCF Related Terms

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


Harbourvest Global Private Equity (LSE:HVPE) Business Description

Traded in Other Exchanges
Address
Saint Julian’s Avenue, BNP Paribas House, Saint Peter Port, GGY, GY1 1WA
Harbourvest Global Private Equity Ltd is a closed-ended investment company. Its investment objective is to generate superior shareholder returns through long-term capital appreciation by investing in a diversified portfolio of private equity investments as well as private market assets other than private equity where it identifies attractive opportunities. The company mainly invests in investment funds managed by HarbourVest Partners, LLC who make investments alongside third-party-managed investment funds. Its revenue comprises of investment income including interest from cash and equivalents and dividends. The company has a presence in the United States, Europe, Asia Pacific, and Rest of World.

Harbourvest Global Private Equity (LSE:HVPE) Headlines

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