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Tegna (TGNA) Cyclically Adjusted Price-to-FCF : 4.80 (As of Apr. 27, 2024)


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What is Tegna Cyclically Adjusted Price-to-FCF?

As of today (2024-04-27), Tegna's current share price is $13.54. Tegna's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was $2.82. Tegna's Cyclically Adjusted Price-to-FCF for today is 4.80.

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

TGNA' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 2.37   Med: 4.78   Max: 8.87
Current: 4.84

During the past years, Tegna's highest Cyclically Adjusted Price-to-FCF was 8.87. The lowest was 2.37. And the median was 4.78.

TGNA's Cyclically Adjusted Price-to-FCF is ranked better than
82.35% of 357 companies
in the Media - Diversified industry
Industry Median: 16.88 vs TGNA: 4.84

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.

Tegna's adjusted free cash flow per share data for the three months ended in Dec. 2023 was $0.814. 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 $2.82 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Tegna Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Tegna'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.

Tegna Cyclically Adjusted Price-to-FCF Chart

Tegna 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 6.62 5.46 7.26 7.85 5.42

Tegna 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 7.85 6.02 5.78 5.16 5.42

Competitive Comparison of Tegna's Cyclically Adjusted Price-to-FCF

For the Broadcasting subindustry, Tegna'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.


Tegna's Cyclically Adjusted Price-to-FCF Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Tegna's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Tegna 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=13.54/2.82
=4.80

* 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.

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

For example, Tegna'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)
=0.814/129.4194*129.4194
=0.814

Current CPI (Dec. 2023) = 129.4194.

Tegna Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 0.621 99.695 0.806
201406 0.663 100.560 0.853
201409 0.788 100.428 1.015
201412 0.935 99.070 1.221
201503 0.672 99.621 0.873
201506 0.494 100.684 0.635
201509 0.714 100.392 0.920
201512 0.435 99.792 0.564
201603 0.495 100.470 0.638
201606 0.357 101.688 0.454
201609 0.903 101.861 1.147
201612 0.910 101.863 1.156
201703 0.561 102.862 0.706
201706 0.328 103.349 0.411
201709 0.434 104.136 0.539
201712 0.114 104.011 0.142
201803 0.187 105.290 0.230
201806 0.428 106.317 0.521
201809 0.759 106.507 0.922
201812 0.760 105.998 0.928
201903 0.109 107.251 0.132
201906 0.255 108.070 0.305
201909 0.386 108.329 0.461
201912 0.209 108.420 0.249
202003 0.750 108.902 0.891
202006 0.570 108.767 0.678
202009 0.891 109.815 1.050
202012 1.244 109.897 1.465
202103 0.203 111.754 0.235
202106 0.557 114.631 0.629
202109 0.603 115.734 0.674
202112 0.606 117.630 0.667
202203 0.854 121.301 0.911
202206 0.791 125.017 0.819
202209 0.875 125.227 0.904
202212 0.868 125.222 0.897
202303 0.745 127.348 0.757
202306 0.576 128.729 0.579
202309 0.430 129.860 0.429
202312 0.814 129.419 0.814

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.


Tegna  (NYSE:TGNA) 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.


Tegna Cyclically Adjusted Price-to-FCF Related Terms

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


Tegna (TGNA) Business Description

Traded in Other Exchanges
Address
8350 Broad Street, Suite 2000, Tysons, VA, USA, 22102-5151
Tegna Inc is a media company with a portfolio of broadcast stations and digital sites. The firm has around 64 television stations and 2 radio stations in approximately 51 U.S markets. The company owns multicast networks of True Crime Network, Twist and Quest. Each television station also has a robust digital presence across online, mobile, connected television and social platforms, reaching consumers on all devices and platforms they use to consume news content. It generates key revenue from advertising and marketing services, subscription, political advertising, and other services.
Executives
David T Lougee officer: President, TEGNA Media GANNETT CO., 7950 JONES BRANCH DRIVE, MCLEAN VA 22107
Lynn B. Trelstad officer: EVP and COO - Media Operations C/O TEGNA INC., 7950 JONES BRANCH DRIVE, MCLEAN VA 22107
Standard General L.p. 10 percent owner 767 FIFTH AVENUE, 12TH FLOOR, NEW YORK NY 10153
Soohyung Kim 10 percent owner C/O STANDARD GENERAL L.P., 767 FIFTH AVENUE, 12TH FLOOR, NEW YORK NY 10153
Karen H. Grimes director TOLL BROTHERS, INC., 1140 VIRGINIA DRIVE, FORT WASHINGTON PA 19034
Neal Shapiro director GANNETT CO., INC., 7950 JONES BRANCH DRIVE, MCLEAN VA 22107
Akinyale S. Harrison officer: SVP, General Counsel and Sec. C/O TEGNA INC., 7950 JONES BRANCH DRIVE, MCLEAN VA 22107
Scott K Mccune director C/O GANNETT CO., INC., 7950 JONES BRANCH DRIVE, MCLEAN VA 22107
Gina L Bianchini director 312 WALNUT STREET, SUITE 1800, CINCINNATI OH 45202
Stuart J. Epstein director C/O TEGNA INC., 7950 JONES BRANCH DRIVE, MCLEAN VA 22107
Melinda Witmer director C/O TEGNA INC., 7950 JONES BRANCH DRIVE, MCLEAN VA 22107
Mcclelland Clifton A. Iii officer: VP, Cntlr. and Prin. Acc. Off. C/O GANNETT CO., INC., 7950 JONES BRANCH DRIVE, MCLEAN VA 22107
Todd A. Mayman officer: EVP, Chief Legal and Admin Off C/O GANNETT CO., INC., 7950 JONES BRANCH DRIVE, MCLEAN VA 22107
William A. Behan officer: SVP, Labor Relations C/O GANNETT CO., INC., 7950 JONES BRANCH DRIVE, MCLEAN VA 22107
Howard D Elias director C/O EMC CORPORATION, 176 SOUTH STREET, HOPKINTON MA 01748