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Bureau Veritas (XPAR:BVI) Cyclically Adjusted Price-to-FCF : 19.16 (As of May. 08, 2024)


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What is Bureau Veritas Cyclically Adjusted Price-to-FCF?

As of today (2024-05-08), Bureau Veritas's current share price is €27.98. Bureau Veritas's Cyclically Adjusted FCF per Share for the fiscal year that ended in Dec23 was €1.46. Bureau Veritas's Cyclically Adjusted Price-to-FCF for today is 19.16.

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

XPAR:BVI' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 5.89   Med: 12.9   Max: 23.72
Current: 18.97

During the past 13 years, Bureau Veritas's highest Cyclically Adjusted Price-to-FCF was 23.72. The lowest was 5.89. And the median was 12.90.

XPAR:BVI's Cyclically Adjusted Price-to-FCF is ranked worse than
52.63% of 361 companies
in the Business Services industry
Industry Median: 17.81 vs XPAR:BVI: 18.97

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.

Bureau Veritas's adjusted free cash flow per share data of for the fiscal year that ended in Dec23 was €1.447. 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 €1.46 for the trailing ten years ended in Dec23.

Shiller PE for Stocks: The True Measure of Stock Valuation


Bureau Veritas Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Bureau Veritas'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.

Bureau Veritas Cyclically Adjusted Price-to-FCF Chart

Bureau Veritas 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 15.54 16.30 23.63 17.99 15.66

Bureau Veritas Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
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 23.63 - 17.99 - 15.66

Competitive Comparison of Bureau Veritas's Cyclically Adjusted Price-to-FCF

For the Consulting Services subindustry, Bureau Veritas'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.


Bureau Veritas's Cyclically Adjusted Price-to-FCF Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Bureau Veritas's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Bureau Veritas 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=27.98/1.46
=19.16

* 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.

Bureau Veritas's Cyclically Adjusted FCF per Share for the fiscal year that ended in Dec23 is calculated as:

For example, Bureau Veritas's adjusted Free Cash Flow per Share data for the fiscal year that ended in Dec23 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Dec23 (Change)*Current CPI (Dec23)
=1.447/118.2300*118.2300
=1.447

Current CPI (Dec23) = 118.2300.

Bureau Veritas Annual Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201412 1.034 99.860 1.224
201512 1.211 100.040 1.431
201612 0.995 100.650 1.169
201712 0.998 101.850 1.159
201812 1.262 103.470 1.442
201912 1.553 104.980 1.749
202012 1.572 104.960 1.771
202112 1.472 107.850 1.614
202212 1.544 114.160 1.599
202312 1.447 118.230 1.447

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.


Bureau Veritas  (XPAR:BVI) 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.


Bureau Veritas Cyclically Adjusted Price-to-FCF Related Terms

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


Bureau Veritas (XPAR:BVI) Business Description

Industry
Traded in Other Exchanges
Address
40/52 Boulevard du Parc, Immeuble Newtime, Neuilly-sur-Seine, FRA, 92200
Bureau Veritas is involved in the testing, inspection, and certification, or TIC, industry. The company's primary activities involve testing products or materials, inspecting sites/equipment, and certifying products and systems to maintain global standards. BV is one of only a handful of companies in the TIC sector that operate globally across numerous industries, including marine, industry, commodities, construction, and consumer products. BV listed in 2007, prior to which it was privately owned by the Wendel Group, who retain a significant holding.

Bureau Veritas (XPAR:BVI) Headlines

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