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PGS ASA (OSL:PGS) Cyclically Adjusted Price-to-FCF : 8.11 (As of May. 17, 2024)


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What is PGS ASA Cyclically Adjusted Price-to-FCF?

As of today (2024-05-17), PGS ASA's current share price is kr8.11. PGS ASA's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was kr1.00. PGS ASA's Cyclically Adjusted Price-to-FCF for today is 8.11.

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

OSL:PGS' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 4.4   Med: 13.4   Max: 831
Current: 8.15

During the past years, PGS ASA's highest Cyclically Adjusted Price-to-FCF was 831.00. The lowest was 4.40. And the median was 13.40.

OSL:PGS's Cyclically Adjusted Price-to-FCF is ranked better than
72.22% of 396 companies
in the Oil & Gas industry
Industry Median: 14.145 vs OSL:PGS: 8.15

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.

PGS ASA's adjusted free cash flow per share data for the three months ended in Mar. 2024 was kr0.657. 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 kr1.00 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


PGS ASA Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for PGS ASA'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.

PGS ASA Cyclically Adjusted Price-to-FCF Chart

PGS ASA 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 - 27.54 48.47 46.34 14.11

PGS ASA 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 22.20 12.54 16.45 14.11 7.90

Competitive Comparison of PGS ASA's Cyclically Adjusted Price-to-FCF

For the Oil & Gas Equipment & Services subindustry, PGS ASA'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.


PGS ASA's Cyclically Adjusted Price-to-FCF Distribution in the Oil & Gas Industry

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

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



PGS ASA 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.

PGS ASA's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=8.11/1
=8.11

* 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.

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

For example, PGS ASA'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)
=0.657/132.6000*132.6000
=0.657

Current CPI (Mar. 2024) = 132.6000.

PGS ASA Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -5.226 97.500 -7.107
201409 2.380 98.500 3.204
201412 0.735 98.600 0.988
201503 4.164 99.200 5.566
201506 -2.387 100.100 -3.162
201509 -1.680 100.600 -2.214
201512 -0.031 100.900 -0.041
201603 -1.140 102.500 -1.475
201606 -2.379 103.800 -3.039
201609 0.147 104.200 0.187
201612 -0.418 104.400 -0.531
201703 -2.863 105.000 -3.616
201706 -0.359 105.800 -0.450
201709 0.449 105.900 0.562
201712 0.287 106.100 0.359
201803 -0.034 107.300 -0.042
201806 0.678 108.500 0.829
201809 0.265 109.500 0.321
201812 1.573 109.800 1.900
201903 1.063 110.400 1.277
201906 0.565 110.600 0.677
201909 1.279 111.100 1.527
201912 1.016 111.300 1.210
202003 2.647 111.200 3.156
202006 -0.301 112.100 -0.356
202009 0.160 112.900 0.188
202012 0.297 112.900 0.349
202103 0.696 114.600 0.805
202106 0.907 115.300 1.043
202109 1.392 117.500 1.571
202112 0.149 118.900 0.166
202203 0.487 119.800 0.539
202206 0.077 122.600 0.083
202209 1.972 125.600 2.082
202212 0.594 125.900 0.626
202303 0.875 127.600 0.909
202306 0.247 130.400 0.251
202309 0.390 129.800 0.398
202312 0.552 131.900 0.555
202403 0.657 132.600 0.657

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.


PGS ASA  (OSL:PGS) 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.


PGS ASA Cyclically Adjusted Price-to-FCF Related Terms

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


PGS ASA (OSL:PGS) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » PGS ASA (OSL:PGS) » Definitions » Cyclically Adjusted Price-to-FCF
Traded in Other Exchanges
Address
Lilleakerveien 4C, Oslo, NOR, 0283
PGS ASA provides images and 3D models of the subsurface beneath the ocean floor. Oil-market participants use PGS services to find oil and gas reserves. The company's complete line of products includes seismic, electromagnetic, and reservoir services, including acquisition, imaging, interpretation, and field evaluation. The majority of revenue is derived from the multiclient segment where it initiates and manages seismic surveys, which PGS acquires, processes, markets, and sells to multiple customers on a nonexclusive basis. Products and services are offered in offshore markets around the world. Geographically, the majority is derived from Norway.

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