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Toll Brothers (Toll Brothers) Cyclically Adjusted Price-to-FCF : 22.06 (As of Apr. 27, 2024)


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What is Toll Brothers Cyclically Adjusted Price-to-FCF?

As of today (2024-04-27), Toll Brothers's current share price is $120.22. Toll Brothers's Cyclically Adjusted FCF per Share for the quarter that ended in Jan. 2024 was $5.45. Toll Brothers's Cyclically Adjusted Price-to-FCF for today is 22.06.

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

TOL' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 10.9   Med: 44.58   Max: 85.18
Current: 21.52

During the past years, Toll Brothers's highest Cyclically Adjusted Price-to-FCF was 85.18. The lowest was 10.90. And the median was 44.58.

TOL's Cyclically Adjusted Price-to-FCF is ranked worse than
64.58% of 48 companies
in the Homebuilding & Construction industry
Industry Median: 16.085 vs TOL: 21.52

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.

Toll Brothers's adjusted free cash flow per share data for the three months ended in Jan. 2024 was $-3.017. 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 $5.45 for the trailing ten years ended in Jan. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Toll Brothers Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Toll Brothers'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.

Toll Brothers Cyclically Adjusted Price-to-FCF Chart

Toll Brothers Annual Data
Trend Oct14 Oct15 Oct16 Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 47.19 25.05 21.82 10.97 12.64

Toll Brothers Quarterly Data
Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24
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 15.49 14.40 16.23 12.64 18.21

Competitive Comparison of Toll Brothers's Cyclically Adjusted Price-to-FCF

For the Residential Construction subindustry, Toll Brothers'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.


Toll Brothers's Cyclically Adjusted Price-to-FCF Distribution in the Homebuilding & Construction Industry

For the Homebuilding & Construction industry and Consumer Cyclical sector, Toll Brothers's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Toll Brothers 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=120.22/5.45
=22.06

* 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.

Toll Brothers's Cyclically Adjusted FCF per Share for the quarter that ended in Jan. 2024 is calculated as:

For example, Toll Brothers's adjusted Free Cash Flow per Share data for the three months ended in Jan. 2024 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Jan. 2024 (Change)*Current CPI (Jan. 2024)
=-3.017/129.4194*129.4194
=-3.017

Current CPI (Jan. 2024) = 129.4194.

Toll Brothers Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201404 0.972 100.023 1.258
201407 0.542 100.520 0.698
201410 1.449 100.176 1.872
201501 -0.195 98.604 -0.256
201504 -0.043 99.824 -0.056
201507 -0.403 100.691 -0.518
201510 0.916 100.346 1.181
201601 -0.136 99.957 -0.176
201604 0.009 100.947 0.012
201607 -1.876 101.524 -2.391
201610 2.743 101.988 3.481
201701 0.105 102.456 0.133
201704 1.246 103.167 1.563
201707 0.899 103.278 1.127
201710 2.718 104.070 3.380
201801 -2.086 104.578 -2.582
201804 -0.008 105.708 -0.010
201807 1.547 106.324 1.883
201810 4.383 106.695 5.317
201901 -1.383 106.200 -1.685
201904 0.501 107.818 0.601
201907 0.628 108.250 0.751
201910 2.713 108.577 3.234
202001 -2.811 108.841 -3.342
202004 1.175 108.173 1.406
202007 2.421 109.318 2.866
202010 6.455 109.861 7.604
202101 0.320 110.364 0.375
202104 -0.343 112.673 -0.394
202107 3.224 115.183 3.622
202110 6.719 116.696 7.452
202201 -2.435 118.619 -2.657
202204 0.463 121.978 0.491
202207 -0.507 125.002 -0.525
202210 10.705 125.734 11.019
202301 -3.360 126.223 -3.445
202304 4.310 127.992 4.358
202307 4.634 128.974 4.650
202310 5.282 129.810 5.266
202401 -3.017 129.419 -3.017

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.


Toll Brothers  (NYSE:TOL) 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.


Toll Brothers Cyclically Adjusted Price-to-FCF Related Terms

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


Toll Brothers (Toll Brothers) Business Description

Traded in Other Exchanges
Address
1140 Virginia Drive, Fort Washington, PA, USA, 19034
Toll Brothers is the leading luxury homebuilder in the United States with an average sale price well above public competitors'. The company operates in over 60 markets across 24 states and caters to move-up, active-adult, and second-home buyers. Traditional homebuilding operations represent most of company's revenue. Toll Brothers also builds luxury for-sale and for-rent properties in urban centers across the U.S. It has its headquarters in Horsham, Pennsylvania.
Executives
Paul E Shapiro director
Martin P. Connor officer: Chief Financial Officer 1140 VIRGINIA DRIVE, FORT WASHINGTON PA 19034
John A Mclean director TOLL BROTHERS, INC., 1140 GIBRALTAR ROAD, FORT WASHINGTON PA 19034
Yearley Douglas C. Jr. officer: Executive Vice President 250 GIBRALTAR ROAD, HORSHAM PA 19044
Carl B Marbach director 17730 SCARSDALE WAY, BOCA RATON FL 33496
Robert Parahus officer: EVP,Co-Chief Operating Officer TOLL BROTHERS, INC., 1140 VIRGINIA DRIVE, FORT WASHINGTON PA 19034
Michael J. Grubb officer: Chief Accounting Officer TOLL BROTHERS, INC., 1140 VIRGINIA DRIVE, FORT WASHINGTON PA 19034
Christine Garvey director 14100 E 35TH PLACE, AURORA CO 80011
Derek T. Kan director TOLL BROTHERS, INC., 1140 VIRGINIA DRIVE, FORT WASHINGTON PA 19034
Richard J Braemer director 324 SPRUCE ST, PHILADELPHIA PA 19106
Scott D Stowell director
Robert I Toll director, 10 percent owner, officer: Chief Executive Officer 1140 VIRGINIA DRIVE, FORT WASHINGTON PA 19006
Edward G Boehne director 313 DEVON STATE ST, DEVON PA 19333
Stephen F. East director TOLL BROTHERS, INC., 1140 VIRGINIA DRIVE, FORT WASHINGTON PA 19034
James W. Boyd officer: EVP,Co-Chief Operating Officer TOLL BROTHERS, INC., 1140 VIRGINIA DRIVE, FORT WASHINGTON PA 19034