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Commercial Metals Co (Commercial Metals Co) Cyclically Adjusted Price-to-FCF : 64.43 (As of Apr. 27, 2024)


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What is Commercial Metals Co Cyclically Adjusted Price-to-FCF?

As of today (2024-04-27), Commercial Metals Co's current share price is $53.48. Commercial Metals Co's Cyclically Adjusted FCF per Share for the quarter that ended in Feb. 2024 was $0.83. Commercial Metals Co's Cyclically Adjusted Price-to-FCF for today is 64.43.

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

CMC' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 16.9   Med: 33.06   Max: 2193
Current: 65.03

During the past years, Commercial Metals Co's highest Cyclically Adjusted Price-to-FCF was 2193.00. The lowest was 16.90. And the median was 33.06.

CMC's Cyclically Adjusted Price-to-FCF is ranked worse than
86.25% of 269 companies
in the Steel industry
Industry Median: 13.46 vs CMC: 65.03

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.

Commercial Metals Co's adjusted free cash flow per share data for the three months ended in Feb. 2024 was $-0.041. 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 $0.83 for the trailing ten years ended in Feb. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Commercial Metals Co Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Commercial Metals Co'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.

Commercial Metals Co Cyclically Adjusted Price-to-FCF Chart

Commercial Metals Co Annual Data
Trend Aug14 Aug15 Aug16 Aug17 Aug18 Aug19 Aug20 Aug21 Aug22 Aug23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - 416.26 84.29

Commercial Metals Co Quarterly Data
May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24
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 120.05 78.44 84.29 59.21 65.38

Competitive Comparison of Commercial Metals Co's Cyclically Adjusted Price-to-FCF

For the Steel subindustry, Commercial Metals Co'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.


Commercial Metals Co's Cyclically Adjusted Price-to-FCF Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Commercial Metals Co's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Commercial Metals Co 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.

Commercial Metals Co's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=53.48/0.83
=64.43

* 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.

Commercial Metals Co's Cyclically Adjusted FCF per Share for the quarter that ended in Feb. 2024 is calculated as:

For example, Commercial Metals Co's adjusted Free Cash Flow per Share data for the three months ended in Feb. 2024 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Feb. 2024 (Change)*Current CPI (Feb. 2024)
=-0.041/129.4194*129.4194
=-0.041

Current CPI (Feb. 2024) = 129.4194.

Commercial Metals Co Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201405 0.223 100.373 0.288
201408 0.072 100.352 0.093
201411 -0.861 99.635 -1.118
201502 -0.734 99.032 -0.959
201505 1.470 100.333 1.896
201508 1.786 100.548 2.299
201511 1.776 100.135 2.295
201602 0.532 100.040 0.688
201605 1.138 101.355 1.453
201608 0.182 101.617 0.232
201611 -0.377 101.829 -0.479
201702 -0.298 102.779 -0.375
201705 -0.549 103.256 -0.688
201708 -5.019 103.587 -6.271
201711 -1.526 104.072 -1.898
201802 -0.886 105.052 -1.092
201805 -1.608 106.148 -1.961
201808 -1.130 106.383 -1.375
201811 -3.333 106.338 -4.056
201902 -0.209 106.649 -0.254
201905 0.924 108.048 1.107
201908 1.745 108.245 2.086
201911 0.842 108.519 1.004
202002 0.465 109.139 0.551
202005 2.003 108.175 2.396
202008 1.710 109.662 2.018
202011 -0.407 109.793 -0.480
202102 -0.306 110.968 -0.357
202105 0.436 113.576 0.497
202108 0.633 115.421 0.710
202111 -0.361 117.269 -0.398
202202 -0.756 119.703 -0.817
202205 0.689 123.323 0.723
202208 2.510 124.958 2.600
202211 2.012 125.607 2.073
202302 0.256 126.928 0.261
202305 1.903 128.314 1.919
202308 2.052 129.538 2.050
202311 1.640 129.548 1.638
202402 -0.041 129.419 -0.041

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.


Commercial Metals Co  (NYSE:CMC) 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.


Commercial Metals Co Cyclically Adjusted Price-to-FCF Related Terms

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


Commercial Metals Co (Commercial Metals Co) Business Description

Industry
Traded in Other Exchanges
Address
6565 North MacArthur Boulevard, Irving, TX, USA, 75039
Commercial Metals Co operates steel mills, steel fabrication plants, and metal recycling facilities in the United States and manufactures rebar and structural steel, which are key product categories for the nonresidential construction sector. The Company has two reportable segments: North America and Europe.
Executives
Barbara Smith director, officer: Chairman, President & CEO 6565 N. MACARTHUR BLVD., SUITE 800, IVING TX 75039
Stephen William Simpson officer: SVP, N. American Steel Group 6565 NORTH MACARTHUR BLVD., SUITE 800, IRVING TX 75039
Peter R Matt director 6565 N. MACARTHUR BLVD, STE 800, IRVING TX 75039
Lindsay L Sloan officer: VP, Chief Accounting Officer 6565 N. MACARTHUR BLVD, STE 800, IRVING TX 75039
Ty L Garrison officer: SVP Operations 6565 N. MACARTHUR BLVD, STE 800, IRVING TX 75039
Robert S Wetherbee director MINERALS TECHNOLOGIES INC, 622 THIRD AVENUE 38TH FL, NEW YORK NY 10017
John R Mcpherson director 1200 URBAN CENTER DRIVE, BIRMINGHAM AL 35242
Tracy L Porter officer: EVP & Chief Operating Officer 6565 N. MACARTHUR BLVD., SUITE 800, IRVING TX 75039
Gary E Mccullough director 231 N. MARTINGALE ROAD, SCHAUMBURG IL 60173
Jody K Absher officer: VP General Counsel & Corp Sec 6565 N. MACARTHUR BLVD, STE 800, IRVING TX 75039
Paul James Lawrence officer: VP & Chief Financial Officer 6565 N. MACARTHUR BLVD., SUITE 800, IRVING TX 75039
Adam R Hickey officer: VP & Chief Accounting Officer 6565 N. MACARTHUR BLVD., SUITE 800, IRVING TX 75039
Lisa M Barton director AMERICAN ELECTRIC POWER COMPANY, INC., 1 RIVERSIDE PLAZA, COLUMBUS OH 43215
J David Smith director GMS INC., 100 CRESCENT CENTRE PARKWAY, SUITE 800, TUCKER GA 30084
Charles L Szews director 6565 N. MACARTHUR BLVD., SUITE 800, IRVING TX 75039