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Fidelity National Financial (Fidelity National Financial) Cyclically Adjusted Price-to-FCF : 6.38 (As of Apr. 27, 2024)


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What is Fidelity National Financial Cyclically Adjusted Price-to-FCF?

As of today (2024-04-27), Fidelity National Financial's current share price is $50.39. Fidelity National Financial's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was $7.90. Fidelity National Financial's Cyclically Adjusted Price-to-FCF for today is 6.38.

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

FNF' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 5.28   Med: 14.87   Max: 28.47
Current: 6.38

During the past years, Fidelity National Financial's highest Cyclically Adjusted Price-to-FCF was 28.47. The lowest was 5.28. And the median was 14.87.

FNF's Cyclically Adjusted Price-to-FCF is ranked better than
68.21% of 324 companies
in the Insurance industry
Industry Median: 11.03 vs FNF: 6.38

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.

Fidelity National Financial's adjusted free cash flow per share data for the three months ended in Dec. 2023 was $8.236. 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 $7.90 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Fidelity National Financial Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Fidelity National Financial'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.

Fidelity National Financial Cyclically Adjusted Price-to-FCF Chart

Fidelity National Financial 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 21.33 14.96 12.36 6.78 6.46

Fidelity National Financial Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 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 6.78 5.64 5.32 5.77 6.46

Competitive Comparison of Fidelity National Financial's Cyclically Adjusted Price-to-FCF

For the Insurance - Specialty subindustry, Fidelity National Financial'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.


Fidelity National Financial's Cyclically Adjusted Price-to-FCF Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, Fidelity National Financial's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Fidelity National Financial 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.

Fidelity National Financial's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=50.39/7.9
=6.38

* 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.

Fidelity National Financial's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, Fidelity National Financial's adjusted Free Cash Flow per Share data for the three months ended in Dec. 2023 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=8.236/129.4194*129.4194
=8.236

Current CPI (Dec. 2023) = 129.4194.

Fidelity National Financial Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 -0.986 99.695 -1.280
201406 0.650 100.560 0.837
201409 0.634 100.428 0.817
201412 0.857 99.070 1.120
201503 -0.005 99.621 -0.006
201506 0.785 100.684 1.009
201509 0.592 100.392 0.763
201512 0.577 99.792 0.748
201603 0.119 100.470 0.153
201606 0.433 101.688 0.551
201609 0.922 101.861 1.171
201612 1.054 101.863 1.339
201703 -0.151 102.862 -0.190
201706 0.884 103.349 1.107
201709 0.826 104.136 1.027
201712 0.559 104.011 0.696
201803 -0.007 105.290 -0.009
201806 1.126 106.317 1.371
201809 1.094 106.507 1.329
201812 0.891 105.998 1.088
201903 -0.094 107.251 -0.113
201906 1.267 108.070 1.517
201909 1.105 108.329 1.320
201912 1.422 108.420 1.697
202003 0.281 108.902 0.334
202006 1.534 108.767 1.825
202009 1.314 109.815 1.549
202012 1.953 109.897 2.300
202103 2.210 111.754 2.559
202106 2.844 114.631 3.211
202109 3.667 115.734 4.101
202112 5.113 117.630 5.625
202203 2.205 121.301 2.353
202206 2.846 125.017 2.946
202209 5.280 125.227 5.457
202212 4.970 125.222 5.137
202303 5.107 127.348 5.190
202306 6.221 128.729 6.254
202309 3.852 129.860 3.839
202312 8.236 129.419 8.236

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.


Fidelity National Financial  (NYSE:FNF) 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.


Fidelity National Financial Cyclically Adjusted Price-to-FCF Related Terms

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


Fidelity National Financial (Fidelity National Financial) Business Description

Traded in Other Exchanges
Address
601 Riverside Avenue, Jacksonville, FL, USA, 32204
Fidelity National Financial Inc provides title insurance, escrow, and other title-related services. It operates in three segments: Title, F&G, Corporate and Other. The title segment that derives majority revenue consists of the operations of title insurance underwriters and related businesses, which provide title insurance and escrow and other title-related services including trust activities, trustee sales guarantees, and home warranty products. Substantially all of the company's revenue is generated in the United States.
Executives
Daniel D Lane director 14 CORPORATE PLZ, SUITE 150, NEWPORT BEACH CA 92660
Halim Dhanidina director 601 RIVERSIDE AVENUE, JACKSONVILLE FL 32204
Michael Joseph Nolan officer: President 601 RIVERSIDE AVENUE, JACKSONVILLE FL 32204
Shea Peter O Jr director 601 RIVERSIDE AVENUE, JACKSONVILLE FL 32204
Peter T Sadowski officer: EVP, Chief Legal Officer FIDELITY NATIONAL FINANCIAL, INC., 601 RIVERSIDE AVENUE, JACKSONVILLE FL 32204
Thomas M Hagerty director C/O THOMAS H. LEE PARTNERS, L.P., 100 FEDERAL STREET, 35 FLOOR, BOSTON MA 02110
Sandra Douglass Morgan director 601 RIVERSIDE AVENUE, JACKSONVILLE FL 32204
Raymond R Quirk director, officer: Chief Executive Officer 601 RIVERSIDE AVENUE, JACKSONVILLE FL 32204
Cary H Thompson director 1999 AVE OF THE STARS, 32ND FL, LOS ANGELES CA 90067
Roger S Jewkes officer: Chief Operating Officer 601 RIVERSIDE AVENUE, JACKSONVILLE FL 32204
Anthony Park officer: EVP & Chief Financial Officer 601 RIVERSIDE AVENUE, JACKSONVILLE FL 32204
Michael L Gravelle officer: Executive Vice President 601 RIVERSIDE AVENUE, JACKSONVILLE FL 32204
Douglas K Ammerman director 601 RIVERSIDE AVENUE, JACKSONVILLE FL 32204
Foley William P Ii director FIDELITY NATIONAL FINANCIAL, INC., 601 RIVERSIDE AVENUE, JACKSONVILLE FL 32204
John D Rood director 3020 HARTLEY ROAD SUITE 300, JACKSONVILLE FL 32257