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Old Republic International (Old Republic International) Cyclically Adjusted Price-to-FCF : 9.91 (As of Apr. 27, 2024)


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What is Old Republic International Cyclically Adjusted Price-to-FCF?

As of today (2024-04-27), Old Republic International's current share price is $30.13. Old Republic International's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was $3.04. Old Republic International's Cyclically Adjusted Price-to-FCF for today is 9.91.

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

ORI' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 4.67   Med: 9.64   Max: 17.28
Current: 9.87

During the past years, Old Republic International's highest Cyclically Adjusted Price-to-FCF was 17.28. The lowest was 4.67. And the median was 9.64.

ORI's Cyclically Adjusted Price-to-FCF is ranked better than
54.63% of 324 companies
in the Insurance industry
Industry Median: 11.03 vs ORI: 9.87

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.

Old Republic International's adjusted free cash flow per share data for the three months ended in Dec. 2023 was $1.020. 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 $3.04 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Old Republic International Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Old Republic International'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.

Old Republic International Cyclically Adjusted Price-to-FCF Chart

Old Republic International 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 15.23 9.78 9.29 8.22 9.66

Old Republic International 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 8.22 8.38 8.44 8.83 9.66

Competitive Comparison of Old Republic International's Cyclically Adjusted Price-to-FCF

For the Insurance - Diversified subindustry, Old Republic International'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.


Old Republic International's Cyclically Adjusted Price-to-FCF Distribution in the Insurance Industry

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

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



Old Republic International 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.

Old Republic International's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=30.13/3.04
=9.91

* 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.

Old Republic International's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, Old Republic International'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)
=1.02/129.4194*129.4194
=1.020

Current CPI (Dec. 2023) = 129.4194.

Old Republic International Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 0.460 99.695 0.597
201406 0.125 100.560 0.161
201409 -1.838 100.428 -2.369
201412 0.639 99.070 0.835
201503 0.646 99.621 0.839
201506 0.381 100.684 0.490
201509 0.888 100.392 1.145
201512 0.410 99.792 0.532
201603 0.426 100.470 0.549
201606 0.128 101.688 0.163
201609 0.803 101.861 1.020
201612 0.793 101.863 1.008
201703 0.490 102.862 0.617
201706 0.378 103.349 0.473
201709 0.881 104.136 1.095
201712 -0.230 104.011 -0.286
201803 0.468 105.290 0.575
201806 0.520 106.317 0.633
201809 1.031 106.507 1.253
201812 0.543 105.998 0.663
201903 0.454 107.251 0.548
201906 0.589 108.070 0.705
201909 1.171 108.329 1.399
201912 0.895 108.420 1.068
202003 0.720 108.902 0.856
202006 0.746 108.767 0.888
202009 1.244 109.815 1.466
202012 1.260 109.897 1.484
202103 0.988 111.754 1.144
202106 0.726 114.631 0.820
202109 1.500 115.734 1.677
202112 1.115 117.630 1.227
202203 0.912 121.301 0.973
202206 0.411 125.017 0.425
202209 1.647 125.227 1.702
202212 0.900 125.222 0.930
202303 0.533 127.348 0.542
202306 0.315 128.729 0.317
202309 1.250 129.860 1.246
202312 1.020 129.419 1.020

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.


Old Republic International  (NYSE:ORI) 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.


Old Republic International Cyclically Adjusted Price-to-FCF Related Terms

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


Old Republic International (Old Republic International) Business Description

Traded in Other Exchanges
Address
307 North Michigan Avenue, Chicago, IL, USA, 60601
Old Republic International Corp offers a diverse range of specialized insurance products to individuals and institutions. It operates in three segments: General Insurance (property and liability insurance), Title Insurance, and Republic Financial Indemnity Group (RFIG) Run-off. General Insurance includes products such as Automobile Extended Warranty Insurance, Aviation, Commercial Automobile Insurance, Inland Marine, Travel Accident, Workers' Compensation, Financial Indemnity, and others. Title Insurance's business consists primarily of the issuance of policies to real estate purchasers and investors based upon searches of the public records which contain information concerning interests in real property. Almost all of its revenue is generated from the United States.
Executives
Charles J Kovaleski director 307 NORTH MICHIGAN AVENUE, SUITE 2300, CHICAGO IL 60601
Jeffrey Lange officer: SVPUnderwriting & Distribution 307 N. MICHIGAN AVENUE, SUITE 2300, CHICAGO IL 60601
Carolyn Monroe officer: SVP - Title Insurance 307 N. MICHIGAN AVENUE, SUITE 2300, CHICAGO IL 60601
Barbara Adachi director 307 N. MICHIGAN AVENUE, SUITE 2300, CHICAGO IL 60601
Stephen J Oberst officer: Executive Vice President 307 NORTH MICHIGAN AVENUE, SUITE 2300, CHICAGO IL 60601
John Eric Smith director 260 LENA DRIVE, AURORA OH 44202
Michael Denard Kennedy director 307 NORTH MICHIGAN AVENUE, CHICAGO IL 60601
Lisa J Caldwell director 307 N. MICHIGAN AVENUE, SUITE 2300, CHICAGO IL 60601
Aldo C Zucaro director, officer: Chairman, President & CEO 307 N MICHIGAN AVE, STE 2300, CHICAGO IL 60601
Glenn W Reed director 307 NORTH MICHIGAN AVENUE, SUITE 2300, CHICAGO IL 60601
Karl W Mueller officer: Senior VP & CFO 307 NORTH MICHIGAN AVENUE, CHICAGO IL 60601
Thomas Dare officer: SrVP Secretary General Counsel 307 NORTH MICHIGAN AVENUE, CHICAGO IL 60601
William T Gray officer: Senior VP & Treasurer
Rande Keith Yeager officer: SVP, Title Insurance 307 NORTH MICHIGAN AVENUE, SUITE 2300, CHICAGO IL 60601
Steven J Bateman director 307 NORTH MICHIGAN AVENUE, SUITE 2300, CHICAGO IL 60601