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Electro Rent (Electro Rent) Cyclically Adjusted Price-to-FCF : (As of Apr. 28, 2024)


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What is Electro Rent Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Electro Rent Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Electro Rent'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.

Electro Rent Cyclically Adjusted Price-to-FCF Chart

Electro Rent Annual Data
Trend May06 May07 May08 May09 May10 May11 May12 May13 May14 May15
Cyclically Adjusted Price-to-FCF
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Electro Rent Quarterly Data
May11 Aug11 Nov11 Feb12 May12 Aug12 Nov12 Feb13 May13 Aug13 Nov13 Feb14 May14 Aug14 Nov14 Feb15 May15 Aug15 Nov15 Feb16
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Competitive Comparison of Electro Rent's Cyclically Adjusted Price-to-FCF

For the Rental & Leasing Services subindustry, Electro Rent'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.


Electro Rent's Cyclically Adjusted Price-to-FCF Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Electro Rent's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Electro Rent 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.

Electro Rent's Cyclically Adjusted FCF per Share for the quarter that ended in Feb. 2016 is calculated as:

For example, Electro Rent's adjusted Free Cash Flow per Share data for the three months ended in Feb. 2016 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Feb. 2016 (Change)*Current CPI (Feb. 2016)
=0.243/100.0397*100.0397
=0.243

Current CPI (Feb. 2016) = 100.0397.

Electro Rent Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
200605 -0.045 85.437 -0.053
200608 -0.142 86.028 -0.165
200611 -0.364 85.015 -0.428
200702 -0.010 85.858 -0.012
200705 -0.296 87.736 -0.338
200708 -0.227 87.722 -0.259
200711 -0.101 88.676 -0.114
200802 -0.196 89.316 -0.220
200805 -0.519 91.399 -0.568
200808 0.115 92.435 0.124
200811 -0.123 89.624 -0.137
200902 0.190 89.527 0.212
200905 0.091 90.228 0.101
200908 0.050 91.063 0.055
200911 -0.336 91.272 -0.368
201002 -0.226 91.445 -0.247
201005 -0.464 92.052 -0.504
201008 -0.410 92.108 -0.445
201011 -0.511 92.315 -0.554
201102 -0.244 93.373 -0.261
201105 0.154 95.337 0.162
201108 -0.330 95.582 -0.345
201111 -0.496 95.449 -0.520
201202 -0.195 96.053 -0.203
201205 -0.127 96.961 -0.131
201208 0.044 97.199 0.045
201211 -0.189 97.133 -0.195
201302 0.078 97.953 0.080
201305 0.220 98.282 0.224
201308 -0.116 98.675 -0.118
201311 -0.122 98.334 -0.124
201402 -0.039 99.057 -0.039
201405 -0.129 100.373 -0.129
201408 -0.223 100.352 -0.222
201411 -0.196 99.635 -0.197
201502 0.007 99.032 0.007
201505 -0.379 100.333 -0.378
201508 0.013 100.548 0.013
201511 -0.257 100.135 -0.257
201602 0.243 100.040 0.243

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.


Electro Rent  (NAS:ELRC) 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.


Electro Rent Cyclically Adjusted Price-to-FCF Related Terms

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


Electro Rent (Electro Rent) Business Description

Industry
Traded in Other Exchanges
N/A
Address
Electro Rent Corp was incorporated in California in 1965 and became a publicly held corporation in 1980. The Company rental, lease and sells of new and used electronic test and measurement equipment. The Company purchases that equipment from manufacturers such as Agilent and Tektronix primarily for use by its customers in the aerospace, telecommunications, defense, electronics, industrial and semiconductor industries. The Company data products division provides personal computers and servers from manufacturers including Dell, HP/Compaq, IBM, Toshiba and Apple. It has also expanded its rental, lease and sale of electrical test and inspection equipment used in the industrial industry, which includes electrical contractors and utility companies and their related support services providers. The Company's competitors in the North American T&M rental area include McGrath Rent Corp., Continental Resources, Test Equity and Microlease PLC. It competes for rental business with Microlease plc and Livingston Group Ltd. in Europe and Orix Corporation in Asia.
Executives
James S Pignatelli director 2300 E SLINGSHOT WAY, KAMAS UT 84036
Theodore E Guth director 6060 SEPULVEDA BOULEVARD, VAN NUYS CA 91411
Joseph J Kearns director C/O ELECTRO RENT CORP, 6060 SEPULVEDA BLVD, VAN NUYS CA 91411
Platinum Equity Llc 10 percent owner 360 NORTH CRESCENT DRIVE, BEVERLY HILLS CA 90210
Tom Gores 10 percent owner C/O PLATINUM EQUITY, 360 NORTH CRESCENT DRIVE, SOUTH BUILDING, BEVERLY HILLS CA 90210
Platinum Equity Investment Holdings Iii, Llc 10 percent owner C/O PLATINUM EQUITY ADVISORS, LLC, 360 NORTH CRESCENT DRIVE, SOUTH BUILDING, BEVERLY HILLS CA 90210
Platinum Equity Partners Iii, Llc 10 percent owner C/O PLATINUM EQUITY ADVISORS, LLC, 360 NORTH CRESCENT DRIVE, SOUTH BUILDING, BEVERLY HILLS CA 90210
S Lee Kling director 1401 S BRENTWOOD BLVD, ST LOUIS MO 63144

Electro Rent (Electro Rent) Headlines

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