GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Comfort Systems USA Inc (NYSE:FIX) » Definitions » Cyclically Adjusted Price-to-FCF

Comfort Systems USA (Comfort Systems USA) Cyclically Adjusted Price-to-FCF : 54.40 (As of May. 01, 2024)


View and export this data going back to 1997. Start your Free Trial

What is Comfort Systems USA Cyclically Adjusted Price-to-FCF?

As of today (2024-05-01), Comfort Systems USA's current share price is $301.94. Comfort Systems USA's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was $5.55. Comfort Systems USA's Cyclically Adjusted Price-to-FCF for today is 54.40.

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

FIX' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 13.26   Med: 28.32   Max: 62.2
Current: 55.73

During the past years, Comfort Systems USA's highest Cyclically Adjusted Price-to-FCF was 62.20. The lowest was 13.26. And the median was 28.32.

FIX's Cyclically Adjusted Price-to-FCF is ranked worse than
83.71% of 571 companies
in the Construction industry
Industry Median: 17.87 vs FIX: 55.73

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.

Comfort Systems USA's adjusted free cash flow per share data for the three months ended in Mar. 2024 was $3.394. 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 $5.55 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Comfort Systems USA Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Comfort Systems USA'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.

Comfort Systems USA Cyclically Adjusted Price-to-FCF Chart

Comfort Systems USA 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 31.56 23.50 35.65 31.98 39.79

Comfort Systems USA Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 36.36 37.93 35.45 39.79 57.23

Competitive Comparison of Comfort Systems USA's Cyclically Adjusted Price-to-FCF

For the Engineering & Construction subindustry, Comfort Systems USA'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.


Comfort Systems USA's Cyclically Adjusted Price-to-FCF Distribution in the Construction Industry

For the Construction industry and Industrials sector, Comfort Systems USA's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Comfort Systems USA 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.

Comfort Systems USA's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=301.94/5.55
=54.40

* 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.

Comfort Systems USA's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Comfort Systems USA's adjusted Free Cash Flow per Share data for the three months ended in Mar. 2024 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=3.394/129.4194*129.4194
=3.394

Current CPI (Mar. 2024) = 129.4194.

Comfort Systems USA Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.473 100.560 0.609
201409 0.444 100.428 0.572
201412 0.033 99.070 0.043
201503 0.447 99.621 0.581
201506 0.648 100.684 0.833
201509 0.474 100.392 0.611
201512 0.466 99.792 0.604
201603 0.247 100.470 0.318
201606 0.426 101.688 0.542
201609 0.185 101.861 0.235
201612 0.941 101.863 1.196
201703 0.132 102.862 0.166
201706 0.121 103.349 0.152
201709 1.045 104.136 1.299
201712 0.791 104.011 0.984
201803 -0.046 105.290 -0.057
201806 0.668 106.317 0.813
201809 0.599 106.507 0.728
201812 1.975 105.998 2.411
201903 -0.211 107.251 -0.255
201906 0.504 108.070 0.604
201909 1.785 108.329 2.133
201912 0.897 108.420 1.071
202003 0.391 108.902 0.465
202006 3.670 108.767 4.367
202009 1.298 109.815 1.530
202012 1.790 109.897 2.108
202103 2.187 111.754 2.533
202106 0.533 114.631 0.602
202109 1.029 115.734 1.151
202112 0.579 117.630 0.637
202203 1.507 121.301 1.608
202206 0.930 125.017 0.963
202209 1.297 125.227 1.340
202212 3.295 125.222 3.405
202303 3.074 127.348 3.124
202306 2.807 128.729 2.822
202309 5.173 129.860 5.155
202312 4.121 129.419 4.121
202403 3.394 129.419 3.394

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.


Comfort Systems USA  (NYSE:FIX) 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.


Comfort Systems USA Cyclically Adjusted Price-to-FCF Related Terms

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


Comfort Systems USA (Comfort Systems USA) Business Description

Traded in Other Exchanges
Address
675 Bering Drive, Suite 400, Houston, TX, USA, 77057
Comfort Systems USA Inc provides comprehensive mechanical contracting services, including heating, ventilation, & air conditioning, or HVAC; plumbing; piping & controls; construction; and other electrical components. Projects are mainly for commercial, industrial, & institutional buildings, & tend to be geared toward HVAC. Revenue is roughly split between installation services for newly constructed facilities & maintenance services for existing buildings. The company installs & repairs products and systems throughout the United States. It operates in two segments, Mechanical services & Electrical services, the majority is from the Mechanical services segment.
Executives
Skidmore Constance Ellen director 675 BERING DRIVE, SUITE 400, HOUSTON TX 77057
Rhoman J Hardy director 2828 N. HARWOOD ST., SUITE 1300, DALLAS TX 75201
William J Sandbrook director C/O U.S. CONCRETE, INC., 331 N. MAIN STREET, EULESS TX 76039
Vance W Tang director C/O KONE INC., 4225 NAPERVILLE ROAD, SUITE 400, LISLE IL 60532
Laura Finley Howell officer: VP, General Counsel, Secretary 675 BERING DRIVE SUITE 400, HOUSTON TX 77057
Franklin Myers director C/O CAMERON INT'L CORPORATION, 1333 WEST LOOP S. #1700, HOUSTON TX 77027
Brian E. Lane officer: President / CEO COMFORT SYSTEMS USA, INC., 675 BERING DRIVE, SUITE 400, HOUSTON TX 77057
Julie Shaeff officer: Chief Accounting Officer COMFORT SYSTEMS USA, INC., 675 BERING DRIVE, SUITE 400, HOUSTON TX 77057
Cindy L. Wallis-lage director C/O COMFORT SYSTEMS USA, INC., 675 BERING DRIVE, SUITE 400, HOUSTON TX 77057
William Iii George officer: Chief Financial Officer 675 BERING DRIVE, SUITE 400, HOUSTON TX 77057
Herman E Bulls director JONES LANG LASALLE, 1801 K STREET NW SUITE 1000, WASHINGTON DC 20006
T Mckenna Trent officer: VP, General Counsel & Secy C/O COMFORT SYSTEMS USA, INC., 675 BERING DRIVE, SUITE 400, HOUSTON TX 77057
Darcy Anderson director C/O PEROT SYSTEMS CORP, 2300 WEST PLANO PKWY, PLANO TX 75075
Pablo G. Mercado, director 920 MEMORIAL CITY WAY, SUITE 800, HOUSTON TX 77024
Alan Krusi director AECOM, 555 SOUTH FLOWER ST. 37TH FLOOR, LOS ANGELES CA 90071

Comfort Systems USA (Comfort Systems USA) Headlines

From GuruFocus

Comfort Systems USA Declares Quarterly Dividend

By Business Wire Business Wire 02-23-2022

Comfort Systems USA Increases Quarterly Dividend

By Business Wire Business Wire 04-26-2023

Comfort Systems USA Announces Acquisition

By Business Wire Business Wire 04-04-2022

Comfort Systems USA Increases Stock Repurchase Program

By Business Wire Business Wire 05-23-2022