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La-Z-Boy (STU:LAZ) Cyclically Adjusted Price-to-FCF : 13.28 (As of May. 25, 2024)


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What is La-Z-Boy Cyclically Adjusted Price-to-FCF?

As of today (2024-05-25), La-Z-Boy's current share price is €32.40. La-Z-Boy's Cyclically Adjusted FCF per Share for the quarter that ended in Jan. 2024 was €2.44. La-Z-Boy's Cyclically Adjusted Price-to-FCF for today is 13.28.

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

STU:LAZ' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 9.64   Med: 22.23   Max: 36.01
Current: 13.83

During the past years, La-Z-Boy's highest Cyclically Adjusted Price-to-FCF was 36.01. The lowest was 9.64. And the median was 22.23.

STU:LAZ's Cyclically Adjusted Price-to-FCF is ranked better than
62.43% of 181 companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 18.43 vs STU:LAZ: 13.83

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.

La-Z-Boy's adjusted free cash flow per share data for the three months ended in Jan. 2024 was €0.785. 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 €2.44 for the trailing ten years ended in Jan. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


La-Z-Boy Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for La-Z-Boy'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.

La-Z-Boy Cyclically Adjusted Price-to-FCF Chart

La-Z-Boy Annual Data
Trend Apr14 Apr15 Apr16 Apr17 Apr18 Apr19 Apr20 Apr21 Apr22 Apr23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 22.68 15.38 20.68 12.11 11.52

La-Z-Boy 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 11.95 11.52 12.46 11.45 13.43

Competitive Comparison of La-Z-Boy's Cyclically Adjusted Price-to-FCF

For the Furnishings, Fixtures & Appliances subindustry, La-Z-Boy'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.


La-Z-Boy's Cyclically Adjusted Price-to-FCF Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, La-Z-Boy's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



La-Z-Boy 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.

La-Z-Boy's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=32.40/2.44
=13.28

* 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.

La-Z-Boy's Cyclically Adjusted FCF per Share for the quarter that ended in Jan. 2024 is calculated as:

For example, La-Z-Boy'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)
=0.785/130.1244*130.1244
=0.785

Current CPI (Jan. 2024) = 130.1244.

La-Z-Boy Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201404 0.228 100.023 0.297
201407 -0.290 100.520 -0.375
201410 0.177 100.176 0.230
201501 0.122 98.604 0.161
201504 0.319 99.824 0.416
201507 -0.089 100.691 -0.115
201510 0.223 100.346 0.289
201601 0.767 99.957 0.998
201604 0.698 100.947 0.900
201607 0.557 101.524 0.714
201610 0.245 101.988 0.313
201701 0.640 102.456 0.813
201704 0.950 103.167 1.198
201707 0.184 103.278 0.232
201710 0.432 104.070 0.540
201801 0.553 104.578 0.688
201804 0.212 105.708 0.261
201807 0.296 106.324 0.362
201810 0.053 106.695 0.065
201901 0.679 106.200 0.832
201904 0.870 107.818 1.050
201907 0.133 108.250 0.160
201910 0.457 108.577 0.548
202001 1.036 108.841 1.239
202004 0.673 108.173 0.810
202007 1.826 109.318 2.174
202010 1.537 109.861 1.821
202101 0.751 110.364 0.885
202104 0.883 112.673 1.020
202107 -0.246 115.183 -0.278
202110 -0.091 116.696 -0.101
202201 0.090 118.619 0.099
202204 0.339 121.978 0.362
202207 0.276 125.002 0.287
202210 -0.508 125.734 -0.526
202301 1.702 126.223 1.755
202304 1.395 127.992 1.418
202307 0.260 128.974 0.262
202310 0.391 129.810 0.392
202401 0.785 130.124 0.785

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.


La-Z-Boy  (STU:LAZ) 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.


La-Z-Boy Cyclically Adjusted Price-to-FCF Related Terms

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


La-Z-Boy (STU:LAZ) Business Description

Traded in Other Exchanges
Address
One La-Z-Boy Drive, Monroe, MI, USA, 48162-5138
La-Z-Boy Inc is a U.S.-based company that manufactures, distributes, and retails upholstery furniture products. It is a producer of reclining chairs and distributors of residential furniture in the U.S. The company chiefly operates in the United States but also has secondary operations in Canada and other countries. The company's reportable segments include the Wholesale segment, which manufactures and imports upholstered furniture; and Retail, which sells upholstered and case goods furniture to the end consumer. The majority of the company's revenue is derived from its Wholesale segment. Some of the core brands of the firm include England, Kincaid, American Drew, and Hammary.

La-Z-Boy (STU:LAZ) Headlines