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Pitney Bowes (Pitney Bowes) Cyclically Adjusted Price-to-FCF : 2.89 (As of Apr. 27, 2024)


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What is Pitney Bowes Cyclically Adjusted Price-to-FCF?

As of today (2024-04-27), Pitney Bowes's current share price is $4.13. Pitney Bowes's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was $1.43. Pitney Bowes's Cyclically Adjusted Price-to-FCF for today is 2.89.

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

PBI' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 0.81   Med: 3.68   Max: 10.94
Current: 2.89

During the past years, Pitney Bowes's highest Cyclically Adjusted Price-to-FCF was 10.94. The lowest was 0.81. And the median was 3.68.

PBI's Cyclically Adjusted Price-to-FCF is ranked better than
92.93% of 410 companies
in the Transportation industry
Industry Median: 17.605 vs PBI: 2.89

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.

Pitney Bowes's adjusted free cash flow per share data for the three months ended in Dec. 2023 was $0.389. 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 $1.43 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Pitney Bowes Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Pitney Bowes'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.

Pitney Bowes Cyclically Adjusted Price-to-FCF Chart

Pitney Bowes 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 1.64 2.89 3.56 2.23 3.08

Pitney Bowes 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 2.23 2.38 2.26 2.07 3.08

Competitive Comparison of Pitney Bowes's Cyclically Adjusted Price-to-FCF

For the Integrated Freight & Logistics subindustry, Pitney Bowes'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.


Pitney Bowes's Cyclically Adjusted Price-to-FCF Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Pitney Bowes's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Pitney Bowes 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=4.13/1.43
=2.89

* 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.

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

For example, Pitney Bowes'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)
=0.389/129.4194*129.4194
=0.389

Current CPI (Dec. 2023) = 129.4194.

Pitney Bowes Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 0.370 99.695 0.480
201406 0.649 100.560 0.835
201409 0.334 100.428 0.430
201412 0.975 99.070 1.274
201503 0.296 99.621 0.385
201506 0.253 100.684 0.325
201509 0.546 100.392 0.704
201512 0.682 99.792 0.884
201603 0.118 100.470 0.152
201606 0.342 101.688 0.435
201609 0.501 101.861 0.637
201612 0.834 101.863 1.060
201703 0.632 102.862 0.795
201706 -0.050 103.349 -0.063
201709 0.551 104.136 0.685
201712 0.657 104.011 0.817
201803 0.216 105.290 0.266
201806 0.183 106.317 0.223
201809 0.415 106.507 0.504
201812 0.283 105.998 0.346
201903 0.226 107.251 0.273
201906 -0.081 108.070 -0.097
201909 0.347 108.329 0.415
201912 0.253 108.420 0.302
202003 -0.545 108.902 -0.648
202006 0.697 108.767 0.829
202009 0.480 109.815 0.566
202012 0.504 109.897 0.594
202103 0.131 111.754 0.152
202106 0.215 114.631 0.243
202109 0.079 115.734 0.088
202112 0.235 117.630 0.259
202203 -0.124 121.301 -0.132
202206 0.020 125.017 0.021
202209 -0.395 125.227 -0.408
202212 0.789 125.222 0.815
202303 -0.392 127.348 -0.398
202306 -0.148 128.729 -0.149
202309 0.013 129.860 0.013
202312 0.389 129.419 0.389

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.


Pitney Bowes  (NYSE:PBI) 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.


Pitney Bowes Cyclically Adjusted Price-to-FCF Related Terms

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


Pitney Bowes (Pitney Bowes) Business Description

Industry
Traded in Other Exchanges
Address
3001 Summer Street, Stamford, CT, USA, 06926
Pitney Bowes is a Global technology company that offers e-commerce solutions to its clients. The company provides various products and services such as domestic delivery, return and fulfillment, cross-border shipping solutions, sorting services for large volumes of postal mails, technological solutions to enable digital mailing, shipping, and other services. The company operates through three business segments: Global e-commerce, presort services, and SendTech Solutions. The company generates majority of its revenue from United States.
Executives
Christopher Johnson officer: SVP & President, GFS 3001 SUMMER ST, STAMFORD CT 06926
Andrew Robert Gold officer: SVP, Chief HR Officer 3001 SUMMER ST, STAMFORD CT 06926
Joseph Schmitt officer: SVP, Chief Information Officer 3001 SUMMER ST, STAMFORD CT 06926
Deborah Pfeiffer officer: President, Presort Services 3001 SUMMER ST, STAMFORD CT 06926
Shemin Nurmohamed officer: President, SendTech Solutions 3001 SUMMER ST, STAMFORD CT 06926
Todd A. Everett director 2700 VIA FORTUNA, SUITE 300, AUSTIN TX 78746
Milena Alberti-perez director 8500 SW CREEKSIDE PLACE, BEAVERTON OR 97008
Kurt James Wolf director 175 BRICKYARD ROAD, ADAMS TOWNSHIP PA 16046
Katie May director 1990 E. GRAND AVE., EL SEGUNDO CA 90245
Steven Brill director 3001 SUMMER ST, STAMFORD CT 06926
James Darrell Thomas director 3700 JUNEAU AVENUE, MILWAUKEE WI 53208
Sheila A Stamps director C/O CIT GROUP, 1 CIT DRIVE, ATTN: GENERAL COUNSEL, LIVINGSTON NJ 07039
Mary Guilfoile director 227 WASHINGTON STREET STE.200, CONSHOHOCKEN PA 19428
James Arthur Fairweather officer: EVP & Chief Innovation Officer 3001 SUMMER ST, STAMFORD CT 06926
Daniel J Goldstein officer: EVP/Chief Legal & Compliance 1 ELMCROFT ROAD, STAMFORD CT 06926