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PTC (PTC) Cyclically Adjusted Price-to-FCF : 66.30 (As of Apr. 28, 2024)


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What is PTC Cyclically Adjusted Price-to-FCF?

As of today (2024-04-28), PTC's current share price is $180.99. PTC's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was $2.73. PTC's Cyclically Adjusted Price-to-FCF for today is 66.30.

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

PTC' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 21.79   Med: 49.06   Max: 83.85
Current: 66.24

During the past years, PTC's highest Cyclically Adjusted Price-to-FCF was 83.85. The lowest was 21.79. And the median was 49.06.

PTC's Cyclically Adjusted Price-to-FCF is ranked worse than
74.48% of 670 companies
in the Software industry
Industry Median: 28.305 vs PTC: 66.24

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.

PTC's adjusted free cash flow per share data for the three months ended in Dec. 2023 was $1.520. 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 $2.73 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


PTC Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for PTC'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.

PTC Cyclically Adjusted Price-to-FCF Chart

PTC 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 44.53 51.77 61.95 46.49 54.03

PTC 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 50.27 50.90 54.74 54.03 64.04

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

For the Software - Application subindustry, PTC'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.


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

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

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



PTC 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=180.99/2.73
=66.30

* 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.

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

For example, PTC'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)
=1.52/129.4194*129.4194
=1.520

Current CPI (Dec. 2023) = 129.4194.

PTC Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 0.880 99.695 1.142
201406 0.834 100.560 1.073
201409 0.360 100.428 0.464
201412 0.049 99.070 0.064
201503 0.740 99.621 0.961
201506 0.692 100.684 0.889
201509 -0.196 100.392 -0.253
201512 0.500 99.792 0.648
201603 0.386 100.470 0.497
201606 0.447 101.688 0.569
201609 0.036 101.861 0.046
201612 -0.477 101.863 -0.606
201703 0.594 102.862 0.747
201706 0.600 103.349 0.751
201709 0.217 104.136 0.270
201712 0.141 104.011 0.175
201803 0.898 105.290 1.104
201806 0.355 106.317 0.432
201809 0.373 106.507 0.453
201812 -0.076 105.998 -0.093
201903 1.015 107.251 1.225
201906 0.510 108.070 0.611
201909 0.427 108.329 0.510
201912 0.024 108.420 0.029
202003 0.709 108.902 0.843
202006 0.760 108.767 0.904
202009 0.249 109.815 0.293
202012 0.938 109.897 1.105
202103 0.983 111.754 1.138
202106 0.713 114.631 0.805
202109 0.271 115.734 0.303
202112 1.129 117.630 1.242
202203 1.156 121.301 1.233
202206 0.943 125.017 0.976
202209 0.236 125.227 0.244
202212 1.446 125.222 1.494
202303 1.740 127.348 1.768
202306 1.375 128.729 1.382
202309 0.360 129.860 0.359
202312 1.520 129.419 1.520

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.


PTC  (NAS:PTC) 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.


PTC Cyclically Adjusted Price-to-FCF Related Terms

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


PTC (PTC) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Software » PTC Inc (NAS:PTC) » Definitions » Cyclically Adjusted Price-to-FCF
Traded in Other Exchanges
Address
121 Seaport Boulevard, Boston, MA, USA, 02210
PTC offers high-end computer-assisted design (Creo) and product lifecycle management (Windchill) software as well as Internet of Things and AR industrial solutions. Founded in 1985, PTC has 28,000 customers, with revenue stemming mostly from North America (45%) and Europe (40%).
Executives
Robert Schechter director C/O NMS COMMUNICATIONS, 100 CROSSING BLVD, FRAMINGHAM MA 01702
Kristian Talvitie officer: Chief Financial Officer 121 SEAPORT BOULEVARD, BOSTON MA 02210
Michael Ditullio officer: EVP 121 SEAPORT BLVD, BOSTON MA 02210
Von Staats Aaron C officer: SVP, General Counsel and Clerk C/O PARAMETRIC TECHNOLOGY CORP, 140 KENDRICK ST, NEEDHAM MA 02494
Catherine Kniker officer: Chief Strategy Officer C/O 121 SEAPORT BOULEVARD, BOSTON MA 02210
Paul A Lacy director KRONOS INCORP, 297 BILLERICA RD, CHELMSFORD MA 01824
Lathan Corinna director 140 KENDRICK STREET, NEEDHAM MA 02494
Blake D. Moret director C/O ROCKWELL AUTOMATION, INC., 1201 SOUTH SECOND STREET, MILWAUKEE WI 53204
Neil Barua director, officer: CEO-Elect C/O SERVICEMAX, INC., 4450 ROSEWOOD DRIVE #200, PLEASANTON CA 94588
Janesh Moorjani director C/O ELASTIC N.V., 800 WEST EL CAMINO REAL, SUITE 350, MOUNTAIN VIEW CA 94040
Michal Katz director 42 ROCK SHELTER ROAD, WACCABUC NY 10597
James E Heppelmann officer: EVP, Chief Product Officer C/O PARAMETRIC TECHNOLOGY CORP, 140 KENDRICK ST., NEEDHAM MA 02494
Amarpreet Hanspal director AUTODESK, INC., 111 MCINNIS PARKWAY, SAN RAFAEL CA 94903
Phillip M Fernandez director C/O MARKETO, INC., 901 MARINER'S ISLAND BLVD., SUITE 500, SAN MATEO CA 94404
Mark D Benjamin director NUANCE COMMUNICATIONS, INC., 1 WAYSIDE ROAD, BURLINGTON MA 01803

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