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Amdocs (Amdocs) Cyclically Adjusted Price-to-FCF : 18.00 (As of Apr. 27, 2024)


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What is Amdocs Cyclically Adjusted Price-to-FCF?

As of today (2024-04-27), Amdocs's current share price is $84.98. Amdocs's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was $4.72. Amdocs's Cyclically Adjusted Price-to-FCF for today is 18.00.

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

DOX' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 13.64   Med: 19.96   Max: 22.88
Current: 18

During the past years, Amdocs's highest Cyclically Adjusted Price-to-FCF was 22.88. The lowest was 13.64. And the median was 19.96.

DOX's Cyclically Adjusted Price-to-FCF is ranked better than
67.01% of 670 companies
in the Software industry
Industry Median: 28.305 vs DOX: 18.00

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.

Amdocs's adjusted free cash flow per share data for the three months ended in Dec. 2023 was $1.201. 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 $4.72 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Amdocs Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Amdocs'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.

Amdocs Cyclically Adjusted Price-to-FCF Chart

Amdocs Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 19.21 16.49 19.09 17.91 17.80

Amdocs Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 20.72 20.85 21.24 17.80 18.62

Competitive Comparison of Amdocs's Cyclically Adjusted Price-to-FCF

For the Software - Infrastructure subindustry, Amdocs'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.


Amdocs's Cyclically Adjusted Price-to-FCF Distribution in the Software Industry

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

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



Amdocs 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.

Amdocs's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=84.98/4.72
=18.00

* 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.

Amdocs's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, Amdocs's adjusted Free Cash Flow per Share data for the three months ended in Dec. 2023 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=1.201/129.4194*129.4194
=1.201

Current CPI (Dec. 2023) = 129.4194.

Amdocs Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 0.652 99.695 0.846
201406 1.069 100.560 1.376
201409 1.012 100.428 1.304
201412 1.099 99.070 1.436
201503 0.723 99.621 0.939
201506 1.226 100.684 1.576
201509 1.157 100.392 1.492
201512 1.059 99.792 1.373
201603 0.590 100.470 0.760
201606 0.781 101.688 0.994
201609 0.839 101.861 1.066
201612 0.858 101.863 1.090
201703 0.539 102.862 0.678
201706 0.911 103.349 1.141
201709 1.132 104.136 1.407
201712 0.782 104.011 0.973
201803 0.024 105.290 0.030
201806 0.904 106.317 1.100
201809 0.578 106.507 0.702
201812 0.515 105.998 0.629
201903 1.071 107.251 1.292
201906 0.945 108.070 1.132
201909 1.307 108.329 1.561
201912 0.782 108.420 0.933
202003 0.422 108.902 0.502
202006 1.097 108.767 1.305
202009 1.102 109.815 1.299
202012 2.809 109.897 3.308
202103 0.545 111.754 0.631
202106 1.090 114.631 1.231
202109 1.142 115.734 1.277
202112 1.188 117.630 1.307
202203 0.997 121.301 1.064
202206 1.029 125.017 1.065
202209 1.147 125.227 1.185
202212 0.414 125.222 0.428
202303 2.174 127.348 2.209
202306 1.201 128.729 1.207
202309 2.170 129.860 2.163
202312 1.201 129.419 1.201

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.


Amdocs  (NAS:DOX) 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.


Amdocs Cyclically Adjusted Price-to-FCF Related Terms

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


Amdocs (Amdocs) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » Amdocs Ltd (NAS:DOX) » Definitions » Cyclically Adjusted Price-to-FCF
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Address
625 Maryville Centre Drive, Suite 200, Saint Louis, MO, USA, 63141
Amdocs Ltd is a provider of software and services to communications, cable and satellite, entertainment, and media industry service providers. The Company and its subsidiaries operate in one operating segment, providing software products and services for the communications, entertainment and media industry service being designed, develop, market, support, implement, and operate its open and modular cloud offering. The company offers business support systems, operational support systems, and managed services. Geographically, it derives a majority of revenue from North America and also has a presence in Europe and the Rest of the world.