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Accuray (FRA:XEJ) Cyclically Adjusted Price-to-FCF : (As of May. 21, 2024)


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What is Accuray Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Accuray Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Accuray'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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Accuray Cyclically Adjusted Price-to-FCF Chart

Accuray Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Cyclically Adjusted Price-to-FCF
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Accuray Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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Competitive Comparison of Accuray's Cyclically Adjusted Price-to-FCF

For the Medical Devices subindustry, Accuray'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.


Accuray's Cyclically Adjusted Price-to-FCF Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Accuray's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Accuray 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.

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

For example, Accuray'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)
=-0.083/131.7762*131.7762
=-0.083

Current CPI (Mar. 2024) = 131.7762.

Accuray Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -0.027 100.560 -0.035
201409 -0.175 100.428 -0.230
201412 0.003 99.070 0.004
201503 -0.016 99.621 -0.021
201506 -0.071 100.684 -0.093
201509 0.120 100.392 0.158
201512 0.062 99.792 0.082
201603 -0.120 100.470 -0.157
201606 0.194 101.688 0.251
201609 -0.088 101.861 -0.114
201612 -0.070 101.863 -0.091
201703 -0.146 102.862 -0.187
201706 0.229 103.349 0.292
201709 -0.140 104.136 -0.177
201712 -0.018 104.011 -0.023
201803 0.015 105.290 0.019
201806 0.258 106.317 0.320
201809 -0.192 106.507 -0.238
201812 -0.145 105.998 -0.180
201903 -0.082 107.251 -0.101
201906 0.080 108.070 0.098
201909 -0.265 108.329 -0.322
201912 0.151 108.420 0.184
202003 -0.125 108.902 -0.151
202006 0.175 108.767 0.212
202009 -0.032 109.815 -0.038
202012 0.165 109.897 0.198
202103 0.141 111.754 0.166
202106 0.048 114.631 0.055
202109 -0.094 115.734 -0.107
202112 0.300 117.630 0.336
202203 -0.223 121.301 -0.242
202206 -0.061 125.017 -0.064
202209 -0.013 125.227 -0.014
202212 -0.195 125.222 -0.205
202303 0.218 127.348 0.226
202306 0.008 128.729 0.008
202309 -0.094 129.860 -0.095
202312 -0.059 129.419 -0.060
202403 -0.083 131.776 -0.083

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.


Accuray  (FRA:XEJ) 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.


Accuray Cyclically Adjusted Price-to-FCF Related Terms

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Accuray (FRA:XEJ) Business Description

Traded in Other Exchanges
Address
1240 Deming Way, Madison, WI, USA, 53717
Accuray Inc is a radiation oncology company that develops, manufactures, sells and supports precise, innovative treatment solutions which set the standard of radiation therapy care with the aim of helping patients live better lives. The company's technology, The CyberKnife, is used to treat multiple types of cancer and tumors throughout the body. The CyberKnife Systems automatically track, detect and correct for a tumor and patient movement in real-time during the procedure, enabling delivery of precise, high dose radiation with sub-millimetre accuracy while patients breathe normally, without manual user intervention.

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