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AOS (A.O. Smith) Cyclically Adjusted FCF per Share : $3.01 (As of Mar. 2025)


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What is A.O. Smith Cyclically Adjusted FCF per Share?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted FCF per Share and 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.

A.O. Smith's adjusted free cash flow per share for the three months ended in Mar. 2025 was $0.120. Add all the adjusted free cash flow per share for the past 10 years together and divide the count will get our Cyclically Adjusted FCF per Share, which is $3.01 for the trailing ten years ended in Mar. 2025.

During the past 12 months, A.O. Smith's average Cyclically Adjusted FCF Growth Rate was 7.90% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 13.00% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 18.20% per year. During the past 10 years, the average Cyclically Adjusted FCF Growth Rate was 16.80% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted FCF Growth Rate using Cyclically Adjusted FCF per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted FCF Growth Rate of A.O. Smith was 32.00% per year. The lowest was -11.50% per year. And the median was 13.00% per year.

As of today (2025-07-21), A.O. Smith's current stock price is $70.30. A.O. Smith's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2025 was $3.01. A.O. Smith's Cyclically Adjusted Price-to-FCF of today is 23.36.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of A.O. Smith was 67.84. The lowest was 20.59. And the median was 38.10.


A.O. Smith Cyclically Adjusted FCF per Share Historical Data

The historical data trend for A.O. Smith's Cyclically Adjusted FCF per Share 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.

A.O. Smith Cyclically Adjusted FCF per Share Chart

A.O. Smith Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.57 2.04 2.33 2.67 2.94

A.O. Smith Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
Cyclically Adjusted FCF per Share 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 2.79 2.79 2.87 2.94 3.01

Competitive Comparison of A.O. Smith's Cyclically Adjusted FCF per Share

For the Specialty Industrial Machinery subindustry, A.O. Smith'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.


A.O. Smith's Cyclically Adjusted Price-to-FCF Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, A.O. Smith's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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


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A.O. Smith Cyclically Adjusted FCF per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted FCF per Share and 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.

What is Cyclically Adjusted FCF per Share? How do we calculate Cyclically Adjusted FCF per Share?

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. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted FCF per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the free cash flow per share from 2001 through 2010.

We adjusted the 2001 free cash flow per share data with the total inflation from 2001 through 2010 to the equivalent free cash flow in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's free cash flow is $1 a share in 2001, then the 2001's equivalent free cash flow in 2010 is $1.4 a share. If Wal-Mart's free cash flow is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 free cash flow in 2010 is $1.35. So on and so forth, you get the equivalent free cash flow per share of past 10 years. Then you add them together and divided the sum by the count to get 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.

For example, A.O. Smith's adjusted Free Cash Flow per Share data for the three months ended in Mar. 2025 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=0.12/134.9266*134.9266
=0.120

Current CPI (Mar. 2025) = 134.9266.

A.O. Smith Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201506 0.253 100.684 0.339
201509 0.860 100.392 1.156
201512 0.536 99.792 0.725
201603 0.040 100.470 0.054
201606 0.623 101.688 0.827
201609 0.496 101.861 0.657
201612 0.915 101.863 1.212
201703 -0.161 102.862 -0.211
201706 0.373 103.349 0.487
201709 0.269 104.136 0.349
201712 0.854 104.011 1.108
201803 0.149 105.290 0.191
201806 0.624 106.317 0.792
201809 0.564 106.507 0.714
201812 0.779 105.998 0.992
201903 0.004 107.251 0.005
201906 0.634 108.070 0.792
201909 0.740 108.329 0.922
201912 0.987 108.420 1.228
202003 0.254 108.902 0.315
202006 0.698 108.767 0.866
202009 0.857 109.815 1.053
202012 1.299 109.897 1.595
202103 0.536 111.754 0.647
202106 0.482 114.631 0.567
202109 1.035 115.734 1.207
202112 1.464 117.630 1.679
202203 0.023 121.301 0.026
202206 0.128 125.017 0.138
202209 0.903 125.227 0.973
202212 1.027 125.222 1.107
202303 0.719 127.348 0.762
202306 0.837 128.729 0.877
202309 1.060 129.860 1.101
202312 1.348 129.419 1.405
202403 0.570 131.776 0.584
202406 0.234 132.554 0.238
202409 1.114 133.029 1.130
202412 1.313 133.157 1.330
202503 0.120 134.927 0.120

Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF per Share.


A.O. Smith  (NYSE:AOS) Cyclically Adjusted FCF per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted FCF per Share may underestimate the company's free cash flow. Cyclically Adjusted Price-to-FCF can seem to be too high even the actual Price-to-Free-Cash-Flow is low.

For the Cyclically Adjusted Price-to-FCF, the free cash flow per share of the past 10 years are inflation-adjusted and averaged. The result is used for P/FCF calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted Price-to-FCF is also called CAPFCF Ratio.

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.

A.O. Smith's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=70.30/3.01
=23.36

* 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.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of A.O. Smith was 67.84. The lowest was 20.59. And the median was 38.10.


Be Aware

Cyclically Adjusted Price-to-FCF works better for cyclical companies. It gives you a better idea on the company's real free cash flow value.


A.O. Smith Cyclically Adjusted FCF per Share Related Terms

Thank you for viewing the detailed overview of A.O. Smith's Cyclically Adjusted FCF per Share provided by GuruFocus.com. Please click on the following links to see related term pages.


A.O. Smith Business Description

Industry
Traded in Other Exchanges
Address
11270 West Park Place, Suite 170, Milwaukee, WI, USA, 53224
A.O. Smith manufactures a broad lineup of water heaters, boilers, and water treatment products. The company has two reporting segments: North America (75% of sales) and rest of world (25% of sales). A.O. Smith is the leading manufacturer of water heaters in North America for the residential and commercial markets, with approximately 37% and 54% market share, respectively. Residential water heaters account for most of North American sales and are distributed equally through wholesale and retail channels. Most of A.O. Smith's international revenue is from China, a market the company entered during the mid-1990s.
Executives
Samuel M. Carver officer: SVP - Global Operations A. O. SMITH CORPORATION, 44 VANTAGE WAY, NASHVILLE TN 37228
Douglas Samuel Karge officer: SVP - President NA Water Treat A. O. SMITH CORPORATION, 11270 WEST PARK PLACE, MILWAUKEE WI 53224
Robert J Heideman officer: Senior Vice President Corp Tec A. O. SMITH CORPORATE TECHNOLOGY CENTER, 12100 WEST PARK PLACE, MILWAUKEE WI 53224
Ronald D Brown director 2090 FLORENCE AVENUE, CINCINNATI OH 45206
Ajita G Rajendra officer: President, A. O. Smith Water P A. O. SMITH WATER PRODUCTS COMPANY, 500 LINDAHL PARKWAY, ASHLAND CITY TN 37015
Idelle K Wolf director
Mark D Smith director
Mark A Petrarca officer: Vice President - H.R. & P.A. A. O. SMITH CORPORATION, 11270 WEST PARK PLACE, MILWAUKEE WI 53224
James F Stern officer: Exec VP, General Counsel & Sec A. O. SMITH CORPORATION, 11270 WEST PARK PLACE, MILWAUKEE WI 53224
Kevin J. Wheeler officer: Senior VP and President & GM A. O. SMITH CORPORATION, 500 TENNESSEE WALTZ PARKWAY, ASHLAND CITY TN 37015
Benjamin A Otchere officer: Vice President and Controller A. O. SMITH CORPORATION, 11270 WEST PARK PLACE, MILWAUKEE WI 53224
Michael M Larsen director ILLINOIS TOOL WORKS INC., 155 HARLEM AVE., GLENVIEW IL 60025
Daniel L Kempken officer: Vice President and Controller A. O. SMITH CORPORATION, 11270 WEST PARK PLACE, MILWAUKEE WI 53224
Parag Kulkarni officer: SVP - Int'l; President India A. O. SMITH INDIA WATER PRODUCTS PRIVATE, #300, PHASE II, KIADB INDUSTRIAL AREA, KARNATAKA K7 562112
Earl E. Exum director A. O. SMITH CORPORATION, 11270 WEST PARK PLACE, MILWAUKEE WI 53224