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The Goldmanchs Group (UKEX:GS) Cyclically Adjusted Price-to-FCF : (As of May. 28, 2024)


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What is The Goldmanchs Group Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


The Goldmanchs Group Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for The Goldmanchs Group'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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The Goldmanchs Group Cyclically Adjusted Price-to-FCF Chart

The Goldmanchs Group 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 28.65 111.74 - - -

The Goldmanchs Group 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 7,344.19 52.52 - - -

Competitive Comparison of The Goldmanchs Group's Cyclically Adjusted Price-to-FCF

For the Capital Markets subindustry, The Goldmanchs Group'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.


The Goldmanchs Group's Cyclically Adjusted Price-to-FCF Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, The Goldmanchs Group's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



The Goldmanchs Group 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.

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

For example, The Goldmanchs Group'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)
=-3393.886/131.7762*131.7762
=-3,393.886

Current CPI (Mar. 2024) = 131.7762.

The Goldmanchs Group Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 28.848 100.560 37.803
201409 -779.187 100.428 -1,022.409
201412 391.243 99.070 520.406
201503 561.246 99.621 742.402
201506 -720.460 100.684 -942.946
201509 67.181 100.392 88.183
201512 776.567 99.792 1,025.459
201603 -281.139 100.470 -368.740
201606 865.600 101.688 1,121.719
201609 -506.666 101.861 -655.467
201612 259.704 101.863 335.970
201703 -406.292 102.862 -520.498
201706 -1,112.801 103.349 -1,418.887
201709 201.449 104.136 254.919
201712 -1,024.217 104.011 -1,297.625
201803 -259.113 105.290 -324.296
201806 659.275 106.317 817.150
201809 -776.566 106.507 -960.812
201812 1,284.166 105.998 1,596.470
201903 -4,909.722 107.251 -6,032.461
201906 704.075 108.070 858.525
201909 813.952 108.329 990.124
201912 5,251.842 108.420 6,383.206
202003 -6,248.006 108.902 -7,560.396
202006 -1,443.076 108.767 -1,748.348
202009 3,807.708 109.815 4,569.191
202012 1,096.011 109.897 1,314.216
202103 -726.694 111.754 -856.888
202106 2,168.007 114.631 2,492.264
202109 -4,580.242 115.734 -5,215.108
202112 3,339.744 117.630 3,741.398
202203 -2,324.393 121.301 -2,525.121
202206 4,966.827 125.017 5,235.373
202209 1,688.468 125.227 1,776.780
202212 -3,840.453 125.222 -4,041.471
202303 1,012.300 127.348 1,047.502
202306 3,632.629 128.729 3,718.627
202309 -3,057.628 129.860 -3,102.758
202312 -3,422.652 129.419 -3,484.980
202403 -3,393.886 131.776 -3,393.886

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.


The Goldmanchs Group  (UKEX:GS) 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.


The Goldmanchs Group Cyclically Adjusted Price-to-FCF Related Terms

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The Goldmanchs Group (UKEX:GS) Business Description

Address
200 West Street, New York, NY, USA, 10282
Goldman Sachs is a leading global investment banking and asset management firm. Approximately 20% of its revenue comes from investment banking, 45% from trading, 20% from asset management and 15% from wealth management and retail financial services. Around 60% of the company's net revenue is generated in the Americas, 15% in Asia, and 25% in Europe, the Middle East, and Africa.