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MRC Global (MRC Global) Cyclically Adjusted Price-to-FCF : 7.65 (As of May. 15, 2024)


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What is MRC Global Cyclically Adjusted Price-to-FCF?

As of today (2024-05-15), MRC Global's current share price is $13.93. MRC Global's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was $1.82. MRC Global's Cyclically Adjusted Price-to-FCF for today is 7.65.

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

MRC' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 2.47   Med: 5.49   Max: 10.78
Current: 7.6

During the past years, MRC Global's highest Cyclically Adjusted Price-to-FCF was 10.78. The lowest was 2.47. And the median was 5.49.

MRC's Cyclically Adjusted Price-to-FCF is ranked better than
74.37% of 398 companies
in the Oil & Gas industry
Industry Median: 14.35 vs MRC: 7.60

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.

MRC Global's adjusted free cash flow per share data for the three months ended in Mar. 2024 was $0.372. 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 $1.82 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


MRC Global Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for MRC Global'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.

MRC Global Cyclically Adjusted Price-to-FCF Chart

MRC Global 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 9.23 3.98 3.41 6.29 6.52

MRC Global 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 6.00 6.08 6.06 6.52 6.90

Competitive Comparison of MRC Global's Cyclically Adjusted Price-to-FCF

For the Oil & Gas Equipment & Services subindustry, MRC Global'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.


MRC Global's Cyclically Adjusted Price-to-FCF Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, MRC Global's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



MRC Global 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=13.93/1.82
=7.65

* 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.

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

For example, MRC Global'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)
=0.372/129.4194*129.4194
=0.372

Current CPI (Mar. 2024) = 129.4194.

MRC Global Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.193 100.560 0.248
201409 -0.216 100.428 -0.278
201412 -0.461 99.070 -0.602
201503 1.086 99.621 1.411
201506 1.488 100.684 1.913
201509 1.883 100.392 2.427
201512 1.900 99.792 2.464
201603 0.477 100.470 0.614
201606 0.880 101.688 1.120
201609 0.751 101.861 0.954
201612 0.148 101.863 0.188
201703 0.116 102.862 0.146
201706 -0.513 103.349 -0.642
201709 -0.233 104.136 -0.290
201712 -0.183 104.011 -0.228
201803 -0.854 105.290 -1.050
201806 -0.753 106.317 -0.917
201809 -0.142 106.507 -0.173
201812 1.444 105.998 1.763
201903 -0.492 107.251 -0.594
201906 0.524 108.070 0.628
201909 1.439 108.329 1.719
201912 1.229 108.420 1.467
202003 0.425 108.902 0.505
202006 0.537 108.767 0.639
202009 1.108 109.815 1.306
202012 0.972 109.897 1.145
202103 0.267 111.754 0.309
202106 0.254 114.631 0.287
202109 -0.399 115.734 -0.446
202112 0.436 117.630 0.480
202203 -0.178 121.301 -0.190
202206 -0.624 125.017 -0.646
202209 0.353 125.227 0.365
202212 0.082 125.222 0.085
202303 -0.386 127.348 -0.392
202306 0.211 128.729 0.212
202309 0.916 129.860 0.913
202312 0.996 129.419 0.996
202403 0.372 129.419 0.372

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.


MRC Global  (NYSE:MRC) 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.


MRC Global Cyclically Adjusted Price-to-FCF Related Terms

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


MRC Global (MRC Global) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » MRC Global Inc (NYSE:MRC) » Definitions » Cyclically Adjusted Price-to-FCF
Traded in Other Exchanges
N/A
Address
1301 McKinney Street, Suite 2300, Houston, TX, USA, 77010
MRC Global Inc distributes pipes, valves, fittings, and related products and services to the energy industry. Products are often used in the construction, maintenance, repair, and overhaul of equipment used in extreme operating conditions. In these conditions and other environments, MRC's valve products give the customer the ability to control the direction, velocity, and pressure of fluids and gases within transmission networks. In addition, other products can be used to regulate flow and on/off service. MRC's other products, which include pipe, steel fitting, and tubular goods, are used across all of the industries in which the company operates. Specialized services are delivered alongside this array of products to enhance the client relationship.
Executives
Shweta Kurvey-mishra officer: See Remarks 1301 MCKINNEY STREET, SUITE 2300, HOUSTON TX 77010
Anne Mcentee director 1301 MCKINNEY STREET, SUITE 2300, HOUSTON TX 77010
Malcolm O'neal officer: SVP - Human Resources 1301 MCKINNEY ST., SUITE 2300, HOUSTON TX 77010
Emily K. Shields officer: See Remarks 1301 MCKINNEY ST., SUITE 2300, HOUSTON TX 77010
Stephen B. Smith officer: See Remarks 1301 MCKINNEY ST., SUITE 2300, HOUSTON TX 77010
Ronald L Jadin director 100 GRAINGER PARKWAY, LAKE FOREST IL 60045
George John Damiris director 100 CRESCENT COURT, SUITE 1600, DALLAS TX 75201
Gillian Anderson officer: See Remarks 1301 MCKINNEY ST., SUITE 2300, HOUSTON TX 77010
Robert J. Saltiel director, officer: President and CEO 4 GREENWAY PLAZA, HOUSTON TX 77046
Rance C Long officer: SVP-Business Development 1301 MCKINNEY STREET, SUITE 2300, HOUSTON TX 77010
John P Mccarthy officer: SVP-Supply Chain 1301 MCKINNEY STREET, SUITE 2300, HOUSTON TX 77010
Cornell Capital Gp Ii Lp 10 percent owner C/O CORNELL CAPITAL LLC, 499 PARK AVENUE, 21ST FLOOR, NEW YORK NY 10022
Cornell Investment Partners Llc 10 percent owner C/O DAVIS POLK & WARDWELL LLP, ATTN: R.A DRUCKER, 450 LEXINGTON AVENUE, NEW YORK NY 10017
Mario Investments Llc 10 percent owner C/O DAVIS POLK & WARDWELL LLP, ATTN: R.A DRUCKER, 450 LEXINGTON AVENUE, NEW YORK NY 10017
Cornell Capital Special Situations Partners Ii Lp 10 percent owner C/O CORNELL CAPITAL LLC, 499 PARK AVENUE, 21ST FLOOR, NEW YORK NY 10022