CSP (CSPI) Cyclically Adjusted FCF per Share: $0.19 (As of Jun. 2026)

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Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

CSPI CSP Inc CSPI
58 GF Score
Price $8.12
GF Value $11.72
Valuation Possible Value Trap
! 4 Warning Signs
View Full Analysis

What is CSP Cyclically Adjusted FCF per Share?

CSP CSPI +3.04% 58 Cyclically Adjusted FCF per Share is $0.19 as of Jun. 2026. GuruFocus rates CSPI with a GF Score™ of 58/100 and a GF Value™ of $11.72 (Possible Value Trap). The stock has 4 warning signs investors should review.

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.

CSP's adjusted free cash flow per share for the three months ended in Jun. 2026 was $0.047. 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 $0.19 for the trailing ten years ended in Jun. 2026.

During the past 12 months, CSP's average Cyclically Adjusted FCF Growth Rate was -24.00% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 46.20% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 12.00% per year. During the past 10 years, the average Cyclically Adjusted FCF Growth Rate was -0.20% 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 CSP was 171.40% per year. The lowest was -71.60% per year. And the median was -2.40% per year.

As of today (2026-08-30), CSP's current stock price is $8.12. CSP's Cyclically Adjusted FCF per Share for the quarter that ended in Jun. 2026 was $0.19. CSP's Cyclically Adjusted Price-to-FCF of today is 42.74.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of CSP was 121.52. The lowest was 18.30. And the median was 39.94.


CSP  (NAS:CSPI) 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.

CSP's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=8.12/0.19
=42.74

* 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 CSP was 121.52. The lowest was 18.30. And the median was 39.94.


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.


CSP Cyclically Adjusted FCF per Share Related Terms


CSP Cyclically Adjusted FCF per Share Historical Data

* Premium members only.

The historical data trend for CSP'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.

CSP Cyclically Adjusted FCF per Share Chart

CSP Annual Data
Trend Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24 Sep25
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.14 0.08 0.13 0.17 0.25

CSP Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 0.25 0.25 0.23 0.23 0.19

CSPI vs QXL, CTM, TTEC: Cyclically Adjusted FCF per Share Comparison

For the Information Technology Services subindustry, CSP'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.


CSP Cyclically Adjusted Price-to-FCF vs Software Industry

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

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


CSPI
58GF Score
CSP Inc CSPI
Cyclically Adjusted FCF per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

CSP 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, CSP's adjusted Free Cash Flow per Share data for the three months ended in Jun. 2026 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=0.047/333.9520*333.9520
=0.047

Current CPI (Jun. 2026) = 333.9520.

CSP Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201609 0.298 241.428 0.412
201612 0.302 241.432 0.418
201703 -0.411 243.801 -0.563
201706 0.675 244.955 0.920
201709 -0.229 246.819 -0.310
201712 0.598 246.524 0.810
201803 -0.709 249.554 -0.949
201806 0.212 251.989 0.281
201809 0.202 252.439 0.267
201812 -0.477 251.233 -0.634
201903 -0.018 254.202 -0.024
201906 -0.148 256.143 -0.193
201909 0.126 256.759 0.164
201912 -0.073 256.974 -0.095
202003 -0.189 258.115 -0.245
202006 0.376 257.797 0.487
202009 -0.114 260.280 -0.146
202012 0.184 260.474 0.236
202103 0.028 264.877 0.035
202106 -0.117 271.696 -0.144
202109 0.113 274.310 0.138
202112 -0.049 278.802 -0.059
202203 0.174 287.504 0.202
202206 -0.126 296.311 -0.142
202209 0.283 296.808 0.318
202212 -0.499 296.797 -0.561
202303 -0.049 301.836 -0.054
202306 -0.051 305.109 -0.056
202309 0.966 307.789 1.048
202312 0.175 306.746 0.191
202403 0.173 312.332 0.185
202406 0.258 314.175 0.274
202409 -0.168 315.301 -0.178
202412 0.176 315.605 0.186
202503 0.204 319.799 0.213
202506 -0.358 322.561 -0.371
202509 0.176 324.800 0.181
202512 -0.312 324.054 -0.322
202603 -0.052 330.213 -0.053
202606 0.047 333.952 0.047

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

What does a Cyclically Adjusted FCF per Share of $0.19 mean?
CSP (CSPI) has a Cyclically Adjusted FCF per Share of $0.19 as of Jun. 2026. Cyclically Adjusted FCF per Share represents the company's inflation-adjusted FCF per share over a 10-year period. View historical data on CSP and its competitors.
Is CSP's Cyclically Adjusted FCF per Share too high?
CSP's current Cyclically Adjusted FCF per Share is $0.19. Overall, CSP has a GF Score™ of 58/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does CSP's Cyclically Adjusted FCF per Share compare to QXL and CTM?
CSP's Cyclically Adjusted FCF per Share of $0.19 can be compared against companies in the Software industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted FCF per Share for a Software company?
A good Cyclically Adjusted FCF per Share depends on the Software industry context. However, Cyclically Adjusted FCF per Share should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted FCF per Share mean?
A high Cyclically Adjusted FCF per Share can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted FCF per Share represents the company's inflation-adjusted FCF per share over a 10-year period. View historical data on CSP and its competitors. CSP's current Cyclically Adjusted FCF per Share is $0.19. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is CSP stock overvalued right now?
Based on GuruFocus' analysis, CSP (CSPI) is currently considered Possible Value Trap. The stock's GF Value™ is $11.72, compared to a current price of $8.12 — trading 30.7% below its estimated fair value. The current Cyclically Adjusted FCF per Share is $0.19. CSP's overall GF Score™ is 58/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted FCF per Share calculated?
Cyclically Adjusted FCF per Share is calculated from a company's financial statements. For CSP (CSPI), the current Cyclically Adjusted FCF per Share is $0.19 as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is CSP (CSPI) Overvalued in 2026?

Based on GuruFocus' analysis, CSP stock appears to be undervalued. The current stock price of $8.12 is trading 30.7% below its estimated GF Value™ of $11.72. GuruFocus considers CSP to be Possible Value Trap.

Key valuation signals for CSPI:

  • Cyclically Adjusted FCF per Share: $0.19
  • GF Value™: $11.72 vs. price of $8.12 (30.7% below fair value)
  • GF Score™: 58/100 with 4 warning signs

No single metric tells the full story. See the CSPI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


CSP Business Description

Address 175 Cabot Street, Suite 210, Lowell, MA, USA, 01854
CSP Inc develops and markets IT integration solutions, security products, managed IT services, cloud services, purpose-built network adapters, and high-performance cluster computer systems. The firm operates in two segments, namely Technology Solutions, where the company focuses on value-added reseller integrated solutions, including third-party hardware, software, and technical computer-related consulting, and High-Performance Products segments, where the company designs, manufactures, and delivers products and services to customers that require specialized cybersecurity services, networking, and signal processing. It generates a majority of its revenue from the Technology Solutions segment. Geographically, the company generates the majority of its revenue from the Americas.
58GF Score

Get the complete analysis for CSPI

Cyclically Adjusted FCF per Share is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$8.12
Price
$11.72
GF Value