GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Williams Companies Inc (NYSE:WMB) » Definitions » Cyclically Adjusted Price-to-FCF

Williams (Williams) Cyclically Adjusted Price-to-FCF : 34.44 (As of Apr. 27, 2024)


View and export this data going back to 1987. Start your Free Trial

What is Williams Cyclically Adjusted Price-to-FCF?

As of today (2024-04-27), Williams's current share price is $39.26. Williams's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was $1.14. Williams's Cyclically Adjusted Price-to-FCF for today is 34.44.

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

WMB' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 29.7   Med: 92.32   Max: 449.8
Current: 34.66

During the past years, Williams's highest Cyclically Adjusted Price-to-FCF was 449.80. The lowest was 29.70. And the median was 92.32.

WMB's Cyclically Adjusted Price-to-FCF is ranked worse than
80.1% of 392 companies
in the Oil & Gas industry
Industry Median: 14.585 vs WMB: 34.66

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.

Williams's adjusted free cash flow per share data for the three months ended in Dec. 2023 was $0.919. 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 $1.14 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Williams Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Williams'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.

Williams Cyclically Adjusted Price-to-FCF Chart

Williams 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 - 177.47 121.74 56.48 30.60

Williams 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 56.48 41.94 40.30 35.43 30.60

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

For the Oil & Gas Midstream subindustry, Williams'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.


Williams's Cyclically Adjusted Price-to-FCF Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Williams's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Williams 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=39.26/1.14
=34.44

* 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.

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

For example, Williams'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)
=0.919/129.4194*129.4194
=0.919

Current CPI (Dec. 2023) = 129.4194.

Williams Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 -0.504 99.695 -0.654
201406 -1.046 100.560 -1.346
201409 -1.009 100.428 -1.300
201412 -0.102 99.070 -0.133
201503 -0.217 99.621 -0.282
201506 -0.011 100.684 -0.014
201509 -0.224 100.392 -0.289
201512 -0.160 99.792 -0.208
201603 0.360 100.470 0.464
201606 0.173 101.688 0.220
201609 0.160 101.861 0.203
201612 2.109 101.863 2.680
201703 0.259 102.862 0.326
201706 0.292 103.349 0.366
201709 0.058 104.136 0.072
201712 0.175 104.011 0.218
201803 -0.318 105.290 -0.391
201806 -0.049 106.317 -0.060
201809 -0.024 106.507 -0.029
201812 0.297 105.998 0.363
201903 0.288 107.251 0.348
201906 0.462 108.070 0.553
201909 0.045 108.329 0.054
201912 0.477 108.420 0.569
202003 0.394 108.902 0.468
202006 0.678 108.767 0.807
202009 0.093 109.815 0.110
202012 0.663 109.897 0.781
202103 0.537 111.754 0.622
202106 0.516 114.631 0.583
202109 0.466 115.734 0.521
202112 0.696 117.630 0.766
202203 0.643 121.301 0.686
202206 0.636 125.017 0.658
202209 0.524 125.227 0.542
202212 0.328 125.222 0.339
202303 0.785 127.348 0.798
202306 0.617 128.729 0.620
202309 0.436 129.860 0.435
202312 0.919 129.419 0.919

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.


Williams  (NYSE:WMB) 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.


Williams Cyclically Adjusted Price-to-FCF Related Terms

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


Williams (Williams) Business Description

Industry
Traded in Other Exchanges
Address
One Williams Center, PO Box 2400, Tulsa, OK, USA, 74172
Williams Companies is a midstream energy company that owns and operates the large Transco and Northwest pipeline systems and associated natural gas gathering, processing, and storage assets. In August 2018, the firm acquired the remaining 26% ownership of its limited partner, Williams Partners.
Executives
Scott A. Hallam officer: SVP Atlantic - Gulf 2800 POST OAK BLVD., HOUSTON TX 77056
Murray D Smith director ONE WILLIAMS CENTER, TULSA OK 74172
William H Spence director UNIVERSITY OFFICE PLAZA, 252 CHAPMAN RD., PO BOX 6066, NEWARK DE 19714-0066
Stephen W Bergstrom director
Terrance Lane Wilson officer: SVP & General Counsel ONE WILLIAMS CENTER, TULSA OK 74172
Debbie L. Cowan officer: SVP & Chief HR Officer ONE WILLIAMS CENTER, TULSA OK 74172
Larry C Larsen officer: Senior Vice President ONE WILLIAMS CENTER, TULSA OK 74172
Richard E Muncrief director 333 W. SHERIDAN AVE, OKLAHOMA CITY OK 73102
Jesse J Tyson director ONE WILLIAMS CENTER, TULSA OK 74172
Alan S Armstrong officer: Sr. Vice President - Midstream ONE WILLIAMS CENTER, TULSA OK 74102
Carri A. Lockhart director 6401 NORTH ELDRIDGE PKWY, HOUSTON TX 77041
Mary A. Hausman officer: VP Chief Accounting Officer ONE WILLIAMS CENTER, TULSA OK 74012
Walter J Bennett officer: Senior Vice President 525 CENTRAL PARK DRIVE, OKLAHOMA CITY OK 73105
Stacey H Dore director 1807 ROSS AVE, 4TH FLOOR, DALLAS TX 75201
Rose M Robeson director 370 17TH STREET, SUITE 2775, DENVER CO 80202

Williams (Williams) Headlines