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Moody's (WBO:MOCO) Cyclically Adjusted Price-to-FCF : 45.96 (As of May. 14, 2024)


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What is Moody's Cyclically Adjusted Price-to-FCF?

As of today (2024-05-14), Moody's's current share price is €372.30. Moody's's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was €8.10. Moody's's Cyclically Adjusted Price-to-FCF for today is 45.96.

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

WBO:MOCO' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 21.73   Med: 38.46   Max: 59.26
Current: 45.68

During the past years, Moody's's highest Cyclically Adjusted Price-to-FCF was 59.26. The lowest was 21.73. And the median was 38.46.

WBO:MOCO's Cyclically Adjusted Price-to-FCF is ranked worse than
79.48% of 229 companies
in the Capital Markets industry
Industry Median: 19.06 vs WBO:MOCO: 45.68

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.

Moody's's adjusted free cash flow per share data for the three months ended in Mar. 2024 was €3.496. 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 €8.10 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Moody's Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Moody's'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.

Moody's Cyclically Adjusted Price-to-FCF Chart

Moody's 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 46.70 48.80 55.86 36.41 46.41

Moody's 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 38.43 42.11 37.73 46.41 45.17

Competitive Comparison of Moody's's Cyclically Adjusted Price-to-FCF

For the Financial Data & Stock Exchanges subindustry, Moody's'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.


Moody's's Cyclically Adjusted Price-to-FCF Distribution in the Capital Markets Industry

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

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



Moody's 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=372.30/8.1
=45.96

* 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.

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

For example, Moody's'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)
=3.496/129.4194*129.4194
=3.496

Current CPI (Mar. 2024) = 129.4194.

Moody's Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.891 100.560 1.147
201409 0.847 100.428 1.092
201412 1.121 99.070 1.464
201503 1.086 99.621 1.411
201506 1.355 100.684 1.742
201509 1.205 100.392 1.553
201512 1.291 99.792 1.674
201603 1.031 100.470 1.328
201606 1.204 101.688 1.532
201609 1.431 101.861 1.818
201612 1.664 101.863 2.114
201703 -2.556 102.862 -3.216
201706 2.056 103.349 2.575
201709 1.573 104.136 1.955
201712 1.667 104.011 2.074
201803 1.570 105.290 1.930
201806 1.598 106.317 1.945
201809 1.244 106.507 1.512
201812 1.575 105.998 1.923
201903 1.593 107.251 1.922
201906 1.707 108.070 2.044
201909 1.991 108.329 2.379
201912 2.219 108.420 2.649
202003 1.547 108.902 1.838
202006 2.777 108.767 3.304
202009 2.198 109.815 2.590
202012 2.770 109.897 3.262
202103 2.948 111.754 3.414
202106 2.491 114.631 2.812
202109 1.829 115.734 2.045
202112 1.118 117.630 1.230
202203 2.005 121.301 2.139
202206 1.110 125.017 1.149
202209 1.455 125.227 1.504
202212 1.528 125.222 1.579
202303 2.714 127.348 2.758
202306 2.757 128.729 2.772
202309 1.991 129.860 1.984
202312 2.017 129.419 2.017
202403 3.496 129.419 3.496

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.


Moody's  (WBO:MOCO) 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.


Moody's Cyclically Adjusted Price-to-FCF Related Terms

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


Moody's (WBO:MOCO) Business Description

Address
7 World Trade Center at 250 Greenwich Street, New York, NY, USA, 10007
Moody's, along with S&P Ratings, is a leading provider of credit ratings on fixed-income securities. The ratings segment, Moody's Investors Service, includes corporates, structured finance, financial institutions, and public finance ratings. MIS represents a majority of the firm's revenue and profits. The other segment, Moody's Analytics, consists of research, data, and analytics as well as enterprise risk solutions. RD&A's products include credit research, quantitative credit scores, economic research, business intelligence, know-your-customer tools, commercial real estate data and analytical tools, and training services. ERS includes risk-management software solutions for financial institutions.

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