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EQT (STU:EQ6) Cyclically Adjusted Price-to-FCF : (As of May. 26, 2024)


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What is EQT Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


EQT Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for EQT'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.

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EQT Cyclically Adjusted Price-to-FCF Chart

EQT Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
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EQT Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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Competitive Comparison of EQT's Cyclically Adjusted Price-to-FCF

For the Oil & Gas E&P subindustry, EQT'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.


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

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

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



EQT 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.

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

For example, EQT'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)
=1.284/131.7762*131.7762
=1.284

Current CPI (Mar. 2024) = 131.7762.

EQT Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -1.844 100.560 -2.416
201409 -1.229 100.428 -1.613
201412 -2.174 99.070 -2.892
201503 -1.056 99.621 -1.397
201506 -2.858 100.684 -3.741
201509 -1.948 100.392 -2.557
201512 -1.311 99.792 -1.731
201603 -0.645 100.470 -0.846
201606 -1.150 101.688 -1.490
201609 -2.627 101.861 -3.399
201612 -3.780 101.863 -4.890
201703 -2.511 102.862 -3.217
201706 -1.111 103.349 -1.417
201709 -0.376 104.136 -0.476
201712 1.685 104.011 2.135
201803 0.536 105.290 0.671
201806 -1.057 106.317 -1.310
201809 -0.833 106.507 -1.031
201812 -1.208 105.998 -1.502
201903 1.735 107.251 2.132
201906 0.169 108.070 0.206
201909 -0.614 108.329 -0.747
201912 -0.449 108.420 -0.546
202003 0.865 108.902 1.047
202006 0.663 108.767 0.803
202009 -0.305 109.815 -0.366
202012 0.454 109.897 0.544
202103 0.448 111.754 0.528
202106 -0.522 114.631 -0.600
202109 -0.449 115.734 -0.511
202112 1.927 117.630 2.159
202203 1.769 121.301 1.922
202206 -0.377 125.017 -0.397
202209 1.970 125.227 2.073
202212 1.356 125.222 1.427
202303 2.770 127.348 2.866
202306 -0.127 128.729 -0.130
202309 -0.111 129.860 -0.113
202312 0.187 129.419 0.190
202403 1.284 131.776 1.284

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.


EQT  (STU:EQ6) 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.


EQT Cyclically Adjusted Price-to-FCF Related Terms

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EQT (STU:EQ6) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » EQT Corp (STU:EQ6) » Definitions » Cyclically Adjusted Price-to-FCF
Traded in Other Exchanges
Address
625 Liberty Avenue, Suite 1700, Pittsburgh, PA, USA, 15222
EQT Corp is an independent natural gas production company with operations focused in the cores of the Marcellus and Utica shales in the Appalachian Basin, located in the Eastern United States. The firm focuses on executing combo-development projects for developing multiwell pads to meet supply needs, with a focus on maximizing operational efficiency, technology, and sustainability. Its main customers include marketers, utilities, and industrial operators in the Appalachian Basin. The company has one reportable segment and its revenue stems from three types of gas reserves: natural gas, natural gas liquids, and crude oil. All of the firm's operating revenue is generated in the U.S., with most revenue flowing from the Marcellus Shale field and through the sale of natural gas.

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