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Owens-Corning (Owens-Corning) Cyclically Adjusted Price-to-FCF : 23.10 (As of May. 16, 2024)


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What is Owens-Corning Cyclically Adjusted Price-to-FCF?

As of today (2024-05-16), Owens-Corning's current share price is $179.47. Owens-Corning's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was $7.77. Owens-Corning's Cyclically Adjusted Price-to-FCF for today is 23.10.

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

OC' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 12.77   Med: 25.89   Max: 131.83
Current: 22.87

During the past years, Owens-Corning's highest Cyclically Adjusted Price-to-FCF was 131.83. The lowest was 12.77. And the median was 25.89.

OC's Cyclically Adjusted Price-to-FCF is ranked worse than
58.72% of 579 companies
in the Construction industry
Industry Median: 17.86 vs OC: 22.87

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.

Owens-Corning's adjusted free cash flow per share data for the three months ended in Mar. 2024 was $-1.456. 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 $7.77 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Owens-Corning Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Owens-Corning'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.

Owens-Corning Cyclically Adjusted Price-to-FCF Chart

Owens-Corning Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 26.69 24.68 20.12 13.94 19.60

Owens-Corning Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 15.67 20.08 19.25 19.60 21.47

Competitive Comparison of Owens-Corning's Cyclically Adjusted Price-to-FCF

For the Building Products & Equipment subindustry, Owens-Corning'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.


Owens-Corning's Cyclically Adjusted Price-to-FCF Distribution in the Construction Industry

For the Construction industry and Industrials sector, Owens-Corning's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Owens-Corning 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=179.47/7.77
=23.10

* 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.

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

For example, Owens-Corning'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)
=-1.456/129.4194*129.4194
=-1.456

Current CPI (Mar. 2024) = 129.4194.

Owens-Corning Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.685 100.560 0.882
201409 0.745 100.428 0.960
201412 1.961 99.070 2.562
201503 -1.730 99.621 -2.247
201506 1.133 100.684 1.456
201509 1.817 100.392 2.342
201512 1.675 99.792 2.172
201603 -0.300 100.470 -0.386
201606 1.495 101.688 1.903
201609 2.244 101.861 2.851
201612 1.514 101.863 1.924
201703 -0.529 102.862 -0.666
201706 2.493 103.349 3.122
201709 1.979 104.136 2.459
201712 2.067 104.011 2.572
201803 -1.693 105.290 -2.081
201806 1.725 106.317 2.100
201809 0.712 106.507 0.865
201812 1.674 105.998 2.044
201903 -2.262 107.251 -2.730
201906 2.950 108.070 3.533
201909 1.891 108.329 2.259
201912 2.790 108.420 3.330
202003 -1.324 108.902 -1.573
202006 2.140 108.767 2.546
202009 3.881 109.815 4.574
202012 2.899 109.897 3.414
202103 1.132 111.754 1.311
202106 3.839 114.631 4.334
202109 3.850 115.734 4.305
202112 1.594 117.630 1.754
202203 0.509 121.301 0.543
202206 3.669 125.017 3.798
202209 3.780 125.227 3.907
202212 5.649 125.222 5.838
202303 -3.504 127.348 -3.561
202306 4.074 128.729 4.096
202309 6.392 129.860 6.370
202312 6.279 129.419 6.279
202403 -1.456 129.419 -1.456

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.


Owens-Corning  (NYSE:OC) 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.


Owens-Corning Cyclically Adjusted Price-to-FCF Related Terms

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


Owens-Corning (Owens-Corning) Business Description

Industry
Traded in Other Exchanges
Address
One Owens Corning Parkway, Toledo, OH, USA, 43659
Owens-Corning Inc is a manufacturer of glass fiber utilized in composites and building materials. It has an integrated business model with three reportable segments: Composites, Insulation, and Roofing. The company generates maximum revenue from the Insulation segment. Its Insulation segment manufactures and sells thermal and acoustical batts, loosefill insulation, spray foam insulation, foam sheathing, and accessories. It also manufactures and sells glass fiber pipe insulation, energy efficient flexible duct media, bonded and granulated mineral wool insulation, cellular glass insulation, and foam insulation used in above- and below-grade construction applications.
Executives
Marcio A Sandri officer: President, Composites ONE OWENS CORNING PARKWAY, TOLEDO OH 43659
Mari Doerfler officer: Vice President and Controller ONE OWENS CORNING PARKWAY, TOLEDO OH 43659
W Howard Morris director 1538 STRATHCONA, DETROIT MI 48203
Monaco Nicolas Del officer: President, Insulation ONE OWENS CORNING PKWY, TOLEDO OH 43659
Todd W Fister officer: President, Insulation ONE OWENS CORNING PARKWAY, TOLEDO OH 43659
Gunner Smith officer: President, Roofing ONE OWENS CORNING PARKWAY, TOLEDO OH 43659
Paula Russell officer: SVP, Chief HR Officer ONE OWENS CORNING PARKWAY, TOLEDO OH 43659
Jose Mendez-andino officer: EVP, Chief R&D Officer ONE OWENS CORNING PARKWAY, TOLEDO OH 43659
Kelly Schmidt officer: Vice President and Controller ONE OWENS CORNING PARKWAY, TOLEDO OH 43659
Brian Chambers officer: President, Roofing and Asphalt ONE OWENS CORNING PARKWAY, TOLEDO OH 43659
Daniel T Smith officer: Sr. VP Organization & Admin OWENS CORNING, ONE OWENS CORNING PARKWAY, TOLEDO OH 43659
Gina A. Beredo officer: EVP, GC and Secretary C/O OWENS CORNING, ONE OWENS CORNING PARKWAY, TOLEDO OH 43659
Paul Edward Martin director C/O UNISYS CORPORATION, 801 LAKEVIEW DRIVE, SUITE 100, BLUE BELL PA 19422
Alfred E Festa director
Kenneth Scott Parks officer: Sr. VP&Chief Financial Officer ONE OWENS CORNING PARKWAY, TOLEDO OH 43659