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Zebra Technologies (Zebra Technologies) Cyclically Adjusted Price-to-FCF : 29.78 (As of Apr. 27, 2024)


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What is Zebra Technologies Cyclically Adjusted Price-to-FCF?

As of today (2024-04-27), Zebra Technologies's current share price is $297.21. Zebra Technologies's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was $9.98. Zebra Technologies's Cyclically Adjusted Price-to-FCF for today is 29.78.

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

ZBRA' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 20.58   Med: 38.33   Max: 71.76
Current: 29.79

During the past years, Zebra Technologies's highest Cyclically Adjusted Price-to-FCF was 71.76. The lowest was 20.58. And the median was 38.33.

ZBRA's Cyclically Adjusted Price-to-FCF is ranked worse than
51.42% of 953 companies
in the Hardware industry
Industry Median: 27.98 vs ZBRA: 29.79

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.

Zebra Technologies's adjusted free cash flow per share data for the three months ended in Dec. 2023 was $1.973. 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 $9.98 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Zebra Technologies Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Zebra Technologies'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.

Zebra Technologies Cyclically Adjusted Price-to-FCF Chart

Zebra Technologies 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 46.91 55.18 64.31 25.00 27.40

Zebra Technologies 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 25.00 31.19 29.43 23.79 27.40

Competitive Comparison of Zebra Technologies's Cyclically Adjusted Price-to-FCF

For the Communication Equipment subindustry, Zebra Technologies'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.


Zebra Technologies's Cyclically Adjusted Price-to-FCF Distribution in the Hardware Industry

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

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



Zebra Technologies 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=297.21/9.98
=29.78

* 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.

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

For example, Zebra Technologies'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)
=1.973/129.4194*129.4194
=1.973

Current CPI (Dec. 2023) = 129.4194.

Zebra Technologies Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 0.930 99.695 1.207
201406 1.064 100.560 1.369
201409 0.150 100.428 0.193
201412 1.919 99.070 2.507
201503 0.197 99.621 0.256
201506 -0.766 100.684 -0.985
201509 1.134 100.392 1.462
201512 -0.566 99.792 -0.734
201603 1.501 100.470 1.933
201606 0.233 101.688 0.297
201609 2.205 101.861 2.802
201612 1.930 101.863 2.452
201703 1.964 102.862 2.471
201706 1.449 103.349 1.815
201709 -0.134 104.136 -0.167
201712 4.716 104.011 5.868
201803 1.815 105.290 2.231
201806 2.488 106.317 3.029
201809 3.289 106.507 3.997
201812 5.671 105.998 6.924
201903 0.495 107.251 0.597
201906 2.525 108.070 3.024
201909 3.862 108.329 4.614
201912 4.547 108.420 5.428
202003 1.749 108.902 2.079
202006 4.229 108.767 5.032
202009 2.979 109.815 3.511
202012 7.675 109.897 9.038
202103 3.966 111.754 4.593
202106 5.565 114.631 6.283
202109 5.272 115.734 5.895
202112 3.935 117.630 4.329
202203 0.748 121.301 0.798
202206 1.592 125.017 1.648
202209 0.901 125.227 0.931
202212 4.676 125.222 4.833
202303 -1.778 127.348 -1.807
202306 -1.006 128.729 -1.011
202309 -0.954 129.860 -0.951
202312 1.973 129.419 1.973

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.


Zebra Technologies  (NAS:ZBRA) 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.


Zebra Technologies Cyclically Adjusted Price-to-FCF Related Terms

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


Zebra Technologies (Zebra Technologies) Business Description

Industry
Traded in Other Exchanges
Address
3 Overlook Point, Lincolnshire, IL, USA, 60069
Zebra Technologies is a leading provider of automatic identification and data capture technology to enterprises. Its solutions include barcode printers and scanners, mobile computers, and workflow optimization software. The firm primarily serves the retail, transportation logistics, manufacturing, and healthcare markets, designing custom solutions to improve efficiency at its customers.
Executives
Bill Burns officer: SVP, Chief Product & Solutions C/O ZEBRA TECHNOLOGIES CORPORATION, 1 ZEBRA PLAZA, HOLTSVILLE NY 11742-1300
Nathan Andrew Winters officer: Acting Chief Financial Officer C/O ZEBRA TECHNOLOGIES CORPORATION, 3 OVERLOOK POINT, LINCOLNSHIRE IL 60069
Richard Edward Hudson officer: Chief Revenue Officer C/O ZEBRA TECHNOLOGIES CORPORATION, 3 OVERLOOK POINT, LINCOLNSHIRE IL 60069
Frank Blaise Modruson director C/O ZEBRA TECHNOLOGIES CORPORATION, 3 OVERLOOK POINT, LINCOLNSHIRE IL 60069
Richard L Keyser director 100 GRAINGER PARKWAY, LAKE FOREST IL 60045
Anders Gustafsson director, officer: Chief Executive Officer C/O ZEBRA TECHNOLOGIES CORPORATION, 3 OVERLOOK POINT, LINCOLNSHIRE IL 60069
Satish Dhanasekaran director 1400 FOUNTAINGROVE PARKWAY, SANTA ROSA CA 95403
Armstrong Robert John Jr officer: Chief Marketing Officer C/O ZEBRA TECHNOLOGIES, 3 OVERLOOK POINT, LINCOLNSHIRE IL 60069
Joseph Ramsey White officer: Chief Product & Solutions C/O ZEBRA TECHNOLOGIES, 3 OVERLOOK POINT, LINCOLNSHIRE IL 60069
Michael Cho officer: SVP, Corporate Development C/O ZEBRA TECHNOLOGIES CORPORATION, LINCOLNSHIRE IL 60069
Tamara Dionne Froese officer: Chief Supply Chain Officer C/O ZEBRA TECHNOLOGIES, 3 OVERLOOK POINT, LINCOLNSHIRE IL 60069
Stephen Edgar Williams officer: SVP, Global Supply Chain C/O ZEBRA TECHNOLOGIES CORPORATION, 3 OVERLOOK POINT, LINCOLNSHIRE IL 60069
Nelda J Connors director BOSTON SCIENTIFIC CORPORATION, 300 BOSTON SCIENTIFIC WAY, MARLBOROUGH MA 01752-1234
Janice M Roberts director 540 COWPER STREET, SUITE 200, PALO ALTO CA 94301
Michael A Smith director C/O ZEBRA TECHNOLOGIES CORPORATION, 3 OVERLOOK POINT, LINCOLNSHIRE IL 60069