* 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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Mfs Investment Grade Municipal Trust Cyclically Adjusted Price-to-FCF Chart
Competitive Comparison of Mfs Investment Grade Municipal Trust's Cyclically Adjusted Price-to-FCF
For the Asset Management subindustry, Mfs Investment Grade Municipal Trust'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.
Mfs Investment Grade Municipal Trust's Cyclically Adjusted Price-to-FCF Distribution in the Asset Management Industry
For the Asset Management industry and Financial Services sector, Mfs Investment Grade Municipal Trust's Cyclically Adjusted Price-to-FCF distribution charts can be found below:
* The bar in red indicates where Mfs Investment Grade Municipal Trust's Cyclically Adjusted Price-to-FCF falls into.
Mfs Investment Grade Municipal Trust 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.
Mfs Investment Grade Municipal Trust does not have a history long enough to calculate Cyclically Adjusted FCF per Share. Therefore GuruFocus does not calculate Cyclically Adjusted Price-to-FCF for this company.
Mfs Investment Grade Municipal Trust (NYSE:CXH) 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.
Mfs Investment Grade Municipal Trust Cyclically Adjusted Price-to-FCF Related Terms
Thank you for viewing the detailed overview of Mfs Investment Grade Municipal Trust's Cyclically Adjusted Price-to-FCF provided by GuruFocus.com. Please click on the following links to see related term pages.
Mfs Investment Grade Municipal Trust (Mfs Investment Grade Municipal Trust) Business Description
Mfs Investment Grade Municipal Trust is a United States-based diversified closed-end management investment company. Its investment objective is to seek high current income exempt from federal income tax, but may also consider capital appreciation. The fund invests a majority of its net assets, including assets attributable to preferred shares and borrowing for investment purposes, in tax-exempt bonds and tax-exempt notes.
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