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Armstrong World Industries (BSP:AWII34) Cyclically Adjusted FCF per Share : R$16.06 (As of Mar. 2025)


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What is Armstrong World Industries 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.

Armstrong World Industries's adjusted free cash flow per share for the three months ended in Mar. 2025 was R$2.879. 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 R$16.06 for the trailing ten years ended in Mar. 2025.

During the past 12 months, Armstrong World Industries's average Cyclically Adjusted FCF Growth Rate was 23.80% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 24.60% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 22.10% per year. During the past 10 years, the average Cyclically Adjusted FCF Growth Rate was 1.90% 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 Armstrong World Industries was 24.60% per year. The lowest was -19.90% per year. And the median was -1.50% per year.

As of today (2025-06-21), Armstrong World Industries's current stock price is R$886.86. Armstrong World Industries's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2025 was R$16.06. Armstrong World Industries's Cyclically Adjusted Price-to-FCF of today is 55.22.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Armstrong World Industries was 119.61. The lowest was 17.67. And the median was 57.20.


Armstrong World Industries Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Armstrong World Industries'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.

Armstrong World Industries Cyclically Adjusted FCF per Share Chart

Armstrong World Industries 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 5.72 5.75 9.68 6.63 16.30

Armstrong World Industries 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 10.61 12.25 11.70 16.30 16.06

Competitive Comparison of Armstrong World Industries's Cyclically Adjusted FCF per Share

For the Building Products & Equipment subindustry, Armstrong World Industries'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.


Armstrong World Industries's Cyclically Adjusted Price-to-FCF Distribution in the Construction Industry

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

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


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Armstrong World Industries 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, Armstrong World Industries'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)
=2.879/134.9266*134.9266
=2.879

Current CPI (Mar. 2025) = 134.9266.

Armstrong World Industries Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201506 3.513 100.684 4.708
201509 3.114 100.392 4.185
201512 -0.987 99.792 -1.334
201603 -6.219 100.470 -8.352
201606 -0.935 101.688 -1.241
201609 1.772 101.861 2.347
201612 1.432 101.863 1.897
201703 -0.844 102.862 -1.107
201706 0.755 103.349 0.986
201709 2.582 104.136 3.345
201712 2.384 104.011 3.093
201803 0.963 105.290 1.234
201806 3.413 106.317 4.331
201809 4.346 106.507 5.506
201812 1.010 105.998 1.286
201903 -0.008 107.251 -0.010
201906 1.548 108.070 1.933
201909 4.785 108.329 5.960
201912 2.836 108.420 3.529
202003 1.395 108.902 1.728
202006 5.026 108.767 6.235
202009 6.210 109.815 7.630
202012 5.155 109.897 6.329
202103 0.751 111.754 0.907
202106 4.684 114.631 5.513
202109 4.285 115.734 4.996
202112 2.067 117.630 2.371
202203 0.496 121.301 0.552
202206 3.297 125.017 3.558
202209 4.265 125.227 4.595
202212 4.023 125.222 4.335
202303 0.446 127.348 0.473
202306 5.231 128.729 5.483
202309 7.076 129.860 7.352
202312 3.703 129.419 3.861
202403 1.321 131.776 1.353
202406 4.578 132.554 4.660
202409 9.726 133.029 9.865
202412 8.015 133.157 8.122
202503 2.879 134.927 2.879

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


Armstrong World Industries  (BSP:AWII34) 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.

Armstrong World Industries's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=886.86/16.06
=55.22

* 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 Armstrong World Industries was 119.61. The lowest was 17.67. And the median was 57.20.


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.


Armstrong World Industries Cyclically Adjusted FCF per Share Related Terms

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


Armstrong World Industries Business Description

Traded in Other Exchanges
Address
2500 Columbia Avenue, Lancaster, PA, USA, 17603
Armstrong World Industries Inc. designs, innovates, and manufactures ceiling and wall solutions in the Americas. The company manufactures and sources products made of numerous materials, including mineral fiber, fiberglass, metal, felt, wood, resin, wood fiber, and glass-reinforced-gypsum. It also manufactures ceiling suspension system (grid) products through a joint venture with Worthington Industries, Inc., called Worthington Armstrong Venture (WAVE). The company's reportable operating segments include Mineral Fiber, Architectural Specialties, and Unallocated Corporate. A majority of its revenue is generated from the Mineral Fiber segment, which produces suspended mineral fiber and fiberglass ceiling systems. Geographically, it derives maximum revenue from the United States.

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