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Tejas Networks (BOM:540595) Cyclically Adjusted Price-to-FCF : (As of Jun. 14, 2024)


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What is Tejas Networks Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Tejas Networks Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Tejas Networks'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.

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Tejas Networks Cyclically Adjusted Price-to-FCF Chart

Tejas Networks Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Cyclically Adjusted Price-to-FCF
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Tejas Networks Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Sep23 Dec23 Mar24
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Competitive Comparison of Tejas Networks's Cyclically Adjusted Price-to-FCF

For the Communication Equipment subindustry, Tejas Networks'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.


Tejas Networks's Cyclically Adjusted Price-to-FCF Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Tejas Networks's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Tejas Networks 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.

Tejas Networks's Cyclically Adjusted FCF per Share for the fiscal year that ended in Mar24 is calculated as:

For example, Tejas Networks's adjusted Free Cash Flow per Share data for the fiscal year that ended in Mar24 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Mar24 (Change)*Current CPI (Mar24)
=-141.738/153.0345*153.0345
=-141.738

Current CPI (Mar24) = 153.0345.

Tejas Networks Annual Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201503 6.007 97.163 9.461
201603 12.197 102.518 18.207
201703 14.882 105.196 21.650
201803 18.870 109.786 26.303
201903 -16.924 118.202 -21.911
202003 -10.013 124.705 -12.288
202103 7.982 131.771 9.270
202203 -12.824 138.822 -14.137
202303 -40.950 146.865 -42.670
202403 -141.738 153.035 -141.738

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.


Tejas Networks  (BOM:540595) 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.


Tejas Networks Cyclically Adjusted Price-to-FCF Related Terms

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Tejas Networks (BOM:540595) Business Description

Industry
Traded in Other Exchanges
Address
Hosur Road, Electronic City, Phase 1, J.P. Software Park, Plot No. 25, 5th Floor, Survey No. 13, 14, 17,18, Konnapana Agrahara Village, Begur Hobli, Bengaluru, KA, IND, 560 100
Tejas Networks Ltd is an optical and data networking products company. The company designs, develops, and manufactures high-performance products for building high-speed communication networks that carry voice, data, and video traffic from fixed line, mobile, and broadband networks. It serves telecommunications service providers, internet service providers, utilities, defense, and government entities. The company's principal geographical areas for its operations are located in India, Americas, and rest of the world. It derives a majority of its revenue from India.

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