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As of today (2024-05-17), Targa Resources's current share price is $117.67. Targa Resources's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was $0.52. Targa Resources's Cyclically Adjusted Price-to-FCF for today is 226.29.
The historical rank and industry rank for Targa Resources's Cyclically Adjusted Price-to-FCF or its related term are showing as below:
During the past years, Targa Resources's highest Cyclically Adjusted Price-to-FCF was 693.54. The lowest was 103.11. And the median was 220.56.
TRGP's Cyclically Adjusted Price-to-FCF is ranked worse thanThe 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.
Targa Resources's adjusted free cash flow per share data for the three months ended in Mar. 2024 was $0.924. 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 $0.52 for the trailing ten years ended in Mar. 2024.
The historical data trend for Targa Resources'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.
Targa Resources 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 | - | - | 678.61 | 108.98 | 213.66 |
For the Oil & Gas Midstream subindustry, Targa Resources'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.
For the Oil & Gas industry and Energy sector, Targa Resources's Cyclically Adjusted Price-to-FCF distribution charts can be found below:
* The bar in red indicates where Targa Resources's Cyclically Adjusted Price-to-FCF falls into.
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.
Targa Resources's Cyclically Adjusted Price-to-FCF for today is calculated as
Cyclically Adjusted Price-to-FCF | = | Share Price | / | Cyclically Adjusted FCF per Share |
= | 117.67 | / | 0.52 | |
= | 226.29 |
* 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.
Targa Resources's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 is calculated as:
For example, Targa Resources'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) |
= | 0.924 | / | 131.7762 | * | 131.7762 | |
= | 0.924 |
Current CPI (Mar. 2024) = 131.7762.
Targa Resources Quarterly Data
Free Cash Flow per Share | CPI | Adj_FreeCashFlowPerShare | |
201406 | -2.758 | 100.560 | -3.614 |
201409 | -1.366 | 100.428 | -1.792 |
201412 | 1.240 | 99.070 | 1.649 |
201503 | 1.824 | 99.621 | 2.413 |
201506 | -0.636 | 100.684 | -0.832 |
201509 | 0.396 | 100.392 | 0.520 |
201512 | 2.616 | 99.792 | 3.454 |
201603 | 0.480 | 100.470 | 0.630 |
201606 | 0.610 | 101.688 | 0.790 |
201609 | -0.084 | 101.861 | -0.109 |
201612 | 0.771 | 101.863 | 0.997 |
201703 | 0.910 | 102.862 | 1.166 |
201706 | -1.159 | 103.349 | -1.478 |
201709 | -1.260 | 104.136 | -1.594 |
201712 | -0.108 | 104.011 | -0.137 |
201803 | -1.104 | 105.290 | -1.382 |
201806 | -1.693 | 106.317 | -2.098 |
201809 | -2.208 | 106.507 | -2.732 |
201812 | -3.695 | 105.998 | -4.594 |
201903 | -2.738 | 107.251 | -3.364 |
201906 | -2.423 | 108.070 | -2.955 |
201909 | -1.360 | 108.329 | -1.654 |
201912 | 0.116 | 108.420 | 0.141 |
202003 | 0.476 | 108.902 | 0.576 |
202006 | 0.052 | 108.767 | 0.063 |
202009 | 0.725 | 109.815 | 0.870 |
202012 | 2.183 | 109.897 | 2.618 |
202103 | 2.124 | 111.754 | 2.505 |
202106 | 2.253 | 114.631 | 2.590 |
202109 | 1.348 | 115.734 | 1.535 |
202112 | 1.402 | 117.630 | 1.571 |
202203 | 2.340 | 121.301 | 2.542 |
202206 | 1.814 | 125.017 | 1.912 |
202209 | 0.277 | 125.227 | 0.291 |
202212 | 0.081 | 125.222 | 0.085 |
202303 | 3.027 | 127.348 | 3.132 |
202306 | 0.347 | 128.729 | 0.355 |
202309 | -0.819 | 129.860 | -0.831 |
202312 | 1.059 | 129.419 | 1.078 |
202403 | 0.924 | 131.776 | 0.924 |
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.
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.
Thank you for viewing the detailed overview of Targa Resources's Cyclically Adjusted Price-to-FCF provided by GuruFocus.com. Please click on the following links to see related term pages.
Robert Muraro | officer: See Remarks | 1000 LOUISIANA, SUITE 4300, HOUSTON TX 77002 |
Julie H. Boushka | officer: Senior VP and CAO | 811 LOUISIANA, SUITE 2100, HOUSTON TX 77002 |
G Clark White | officer: EVP - Engineering & Operations | 1000 LOUISIANA STREET, SUITE 4300, HOUSTON TX 77002 |
Regina Gregory | officer: See Remarks | 2013 CITYWEST BLVD, BUILDING 4 SUITE 800, HOUSTON TX 77042 |
D. Scott Pryor | officer: See Remarks | 1000 LOUISIANA, SUITE 4300, HOUSTON TX 77002 |
Paul W Chung | officer: EVP, Gen. Counsel & Secretary | TARGA RESOURCES PARTNERS LP, 1000 LOUISIANA STREET, SUITE 4300, HOUSTON TX 77002 |
Charles R Crisp | director | 1301 MCKINNEY STE 700, HOUSTON TX 77010 |
Lindsey Cooksen | director | 811 LOUISIANA STREET, SUITE 2100, HOUSTON TX 77002 |
Rene R Joyce | director | P.O. BOX 130430, HOUSTON TX 77219-0430 |
Jennifer R. Kneale | officer: Chief Financial Officer | 811 LOUISIANA STREET, SUITE 2100, HOUSTON TX 77002 |
Joe Bob Perkins | director, officer: Chief Executive Officer | TARGA RESOURCES PARTNERS, LP, 1000 LOUISIANA ST., SUITE 4300, HOUSTON TX 77002 |
Patrick J. Mcdonie | officer: See Remarks | 110 W. 7TH STREET, SUITE 2300, TULSA OK 74119 |
Davis Waters S Iv | director | 10200 ALLIANCE ROAD, SUITE 200, CINCINNATI OH 45242 |
Redd Ershel C Jr | director | C/O EL PASO ELECTRIC COMPANY, 100 N. STANTON, EL PASO TX 79901 |
Chris Tong | director | 600 E LAS COLINAS # 1100, IRVING TX 75019 |
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