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Alphabet(Google) (GOOGL) Cyclically Adjusted Price-to-FCF : 55.29 (As of Apr. 27, 2024)


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What is Alphabet(Google) Cyclically Adjusted Price-to-FCF?

As of today (2024-04-27), Alphabet(Google)'s current share price is $171.95. Alphabet(Google)'s Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was $3.11. Alphabet(Google)'s Cyclically Adjusted Price-to-FCF for today is 55.29.

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

GOOGL' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 33.59   Med: 48.65   Max: 77.01
Current: 55.29

During the past years, Alphabet(Google)'s highest Cyclically Adjusted Price-to-FCF was 77.01. The lowest was 33.59. And the median was 48.65.

GOOGL's Cyclically Adjusted Price-to-FCF is ranked worse than
82.35% of 136 companies
in the Interactive Media industry
Industry Median: 21.87 vs GOOGL: 55.29

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.

Alphabet(Google)'s adjusted free cash flow per share data for the three months ended in Dec. 2023 was $0.627. 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 $3.11 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Alphabet(Google) Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Alphabet(Google)'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.

Alphabet(Google) Cyclically Adjusted Price-to-FCF Chart

Alphabet(Google) 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 49.48 54.10 67.88 33.99 44.92

Alphabet(Google) 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 33.99 37.71 41.13 42.40 44.92

Competitive Comparison of Alphabet(Google)'s Cyclically Adjusted Price-to-FCF

For the Internet Content & Information subindustry, Alphabet(Google)'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.


Alphabet(Google)'s Cyclically Adjusted Price-to-FCF Distribution in the Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Alphabet(Google)'s Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Alphabet(Google)'s Cyclically Adjusted Price-to-FCF falls into.



Alphabet(Google) 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.

Alphabet(Google)'s Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=171.95/3.11
=55.29

* 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.

Alphabet(Google)'s Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, Alphabet(Google)'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)
=0.627/129.4194*129.4194
=0.627

Current CPI (Dec. 2023) = 129.4194.

Alphabet(Google) Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 0.149 99.695 0.193
201406 0.217 100.560 0.279
201409 0.260 100.428 0.335
201412 0.247 99.070 0.323
201503 0.275 99.621 0.357
201506 0.332 100.684 0.427
201509 0.269 100.392 0.347
201512 0.323 99.792 0.419
201603 0.373 100.470 0.480
201606 0.501 101.688 0.638
201609 0.522 101.861 0.663
201612 0.452 101.863 0.574
201703 0.501 102.862 0.630
201706 0.325 103.349 0.407
201709 0.450 104.136 0.559
201712 0.423 104.011 0.526
201803 0.308 105.290 0.379
201806 0.331 106.317 0.403
201809 0.563 106.507 0.684
201812 0.421 105.998 0.514
201903 0.525 107.251 0.634
201906 0.464 108.070 0.556
201909 0.625 108.329 0.747
201912 0.602 108.420 0.719
202003 0.393 108.902 0.467
202006 0.626 108.767 0.745
202009 0.845 109.815 0.996
202012 1.259 109.897 1.483
202103 0.978 111.754 1.133
202106 1.206 114.631 1.362
202109 1.384 115.734 1.548
202112 1.379 117.630 1.517
202203 1.147 121.301 1.224
202206 0.888 125.017 0.919
202209 1.225 125.227 1.266
202212 1.241 125.222 1.283
202303 1.343 127.348 1.365
202306 1.593 128.729 1.602
202309 1.779 129.860 1.773
202312 0.627 129.419 0.627

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.


Alphabet(Google)  (NAS:GOOGL) 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.


Alphabet(Google) Cyclically Adjusted Price-to-FCF Related Terms

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


Alphabet(Google) (GOOGL) Business Description

Address
1600 Amphitheatre Parkway, Mountain View, CA, USA, 94043
Alphabet is a holding company. Internet media giant Google is a wholly owned subsidiary. Google generates 99% of Alphabet revenue, of which more than 85% is from online ads. Google's other revenue is from sales of apps and content on Google Play and YouTube, as well as cloud service fees and other licensing revenue. Sales of hardware such as Chromebooks, the Pixel smartphone, and smart home products, which include Nest and Google Home, also contribute to other revenue. Alphabet's moonshot investments are in its other bets segment, where it bets on technology to enhance health (Verily), provide faster internet access (Google Fiber), enable self-driving cars (Waymo), and more.
Executives
R. Martin Chavez director C/O GOLDMAN SACHS & CO. LLC, 200 WEST STREET, NEW YORK NY 10282
Prabhakar Raghavan officer: Senior Vice President C/O ALPHABET INC.,, 1600 AMPHITHEATRE PKWY, MOUNTAIN VIEW CA 94043
Philipp Schindler officer: SVP, Chief Business Officer C/O ALPHABET INC., 1600 AMPHITHEATRE PKWY, MOUNTAIN VIEW CA 94568
John Kent Walker officer: SVP, Global Affairs and CLO 1600 AMPHITHEATRE PRKW, MOUNTAIN VIEW CA 94043
Frances Arnold director 5200 ILLUMINA WAY, SAN DIEGO CA 92122
Robin L Washington director 333 LAKESIDE DRIVE, FOSTER CITY CA 94404
Amie Thuener O'toole officer: VP, Chief Accounting Officer C/O ALPHABET INC., 1600 AMPHITHEATRE PKWY, MOUNTAIN VIEW CA 94043
Antonio Lee 10 percent owner, other: Investor/Large Shareholder 4009 216TH STREET, MATTESON IL 60443
Ferguson Roger W. Jr. director CORNING INCORPORATED, ONE RIVERFRONT PLAZA, CORNING NY 14831
James Grier Campbell officer: VP, Alphabet Corp. Controller 1600 AMPHITHEATRE PKWY, MOUNTAIN VIEW CA 94043
John L Hennessy director
Kavitark Ram Shriram director 1600 AMPHITHEATRE PARKWAY, MOUNTAIN VIEW CA 94043
Alan R Mulally director P.O. BOX 995, MERCER ISLAND WA 98040
Ann Mather director
Shirley M Tilghman director GOOGLE INC., 1600 AMPHITHEATRE PARKWAY, MOUNTAIN VIEW CA 94043

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