ESAIY (Eisai Co) Cyclically Adjusted FCF per Share: $1.08 (As of Mar. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
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.

ESAIY Eisai Co Ltd ESAIY
73 GF Score
Price $7.84
GF Value $9.16
Valuation Modestly Undervalued
! 6 Warning Signs
View Full Analysis

What is Eisai Co Cyclically Adjusted FCF per Share?

Eisai Co ESAIY +1.13% 73 Cyclically Adjusted FCF per Share is $1.08 as of Mar. 2026. GuruFocus rates ESAIY with a GF Score™ of 73/100 and a GF Value™ of $9.16 (Modestly Undervalued). The stock has 6 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.

Eisai Co's adjusted free cash flow per share for the three months ended in Mar. 2026 was $-0.125. 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 $1.08 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Eisai Co's average Cyclically Adjusted FCF Growth Rate was -9.60% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was -7.10% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was -3.60% per year. During the past 10 years, the average Cyclically Adjusted FCF Growth Rate was 0.80% 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 Eisai Co was 9.00% per year. The lowest was -7.10% per year. And the median was 0.50% per year.

As of today (2026-07-30), Eisai Co's current stock price is $7.8375. Eisai Co's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2026 was $1.08. Eisai Co's Cyclically Adjusted Price-to-FCF of today is 7.26.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Eisai Co was 15.40. The lowest was 4.77. And the median was 9.20.


Eisai Co  (OTCPK:ESAIY) 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=7.8375/1.08
=7.26

* 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 Eisai Co was 15.40. The lowest was 4.77. And the median was 9.20.


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.


Eisai Co Cyclically Adjusted FCF per Share Related Terms


Eisai Co Cyclically Adjusted FCF per Share Historical Data

* Premium members only.

The historical data trend for Eisai Co'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.

Eisai Co Cyclically Adjusted FCF per Share Chart

Eisai Co Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.13 1.58 1.33 1.24 1.08

Eisai Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 1.24 1.31 1.26 1.15 1.08

ESAIY vs ZTS: Cyclically Adjusted FCF per Share Comparison

For the Drug Manufacturers - Specialty & Generic subindustry, Eisai Co'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.


Eisai Co Cyclically Adjusted Price-to-FCF vs Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Eisai Co's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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


ESAIY
73GF Score
Eisai Co Ltd ESAIY
Cyclically Adjusted FCF per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

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

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=-0.125/112.7000*112.7000
=-0.125

Current CPI (Mar. 2026) = 112.7000.

Eisai Co Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201606 -0.245 98.100 -0.281
201609 0.980 98.000 1.127
201612 0.364 98.400 0.417
201703 0.698 98.100 0.802
201706 -0.419 98.500 -0.479
201709 0.384 98.800 0.438
201712 0.642 99.400 0.728
201803 3.471 99.200 3.943
201806 0.215 99.200 0.244
201809 1.073 99.900 1.210
201812 0.143 99.700 0.162
201903 0.948 99.700 1.072
201906 -0.987 99.800 -1.115
201909 0.260 100.100 0.293
201912 0.447 100.500 0.501
202003 1.978 100.300 2.223
202006 -0.066 99.900 -0.074
202009 0.132 99.900 0.149
202012 -0.361 99.300 -0.410
202103 1.427 99.900 1.610
202106 -0.231 99.500 -0.262
202109 2.394 100.100 2.695
202112 -0.045 100.100 -0.051
202203 0.268 101.100 0.299
202206 -0.078 101.800 -0.086
202209 -0.168 103.100 -0.184
202212 -0.091 104.100 -0.099
202303 0.113 104.400 0.122
202306 0.025 105.200 0.027
202309 0.078 106.200 0.083
202312 0.006 106.800 0.006
202403 0.074 107.200 0.078
202406 -0.073 108.200 -0.076
202409 0.040 108.900 0.041
202412 -0.025 110.700 -0.025
202503 0.108 111.100 0.110
202506 -0.037 111.700 -0.037
202509 0.105 112.000 0.106
202512 0.177 113.000 0.177
202603 -0.125 112.700 -0.125

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 $1.08 mean?
Eisai Co (ESAIY) has a Cyclically Adjusted FCF per Share of $1.08 as of Mar. 2026. Cyclically Adjusted FCF per Share represents the company's inflation-adjusted FCF per share over a 10-year period. View historical data on Eisai Co and its competitors.
Is Eisai Co's Cyclically Adjusted FCF per Share too high?
Eisai Co's current Cyclically Adjusted FCF per Share is $1.08. Overall, Eisai Co has a GF Score™ of 73/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Eisai Co's Cyclically Adjusted FCF per Share compare to ZTS?
Eisai Co's Cyclically Adjusted FCF per Share of $1.08 can be compared against companies in the Drug Manufacturers 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 Drug Manufacturers company?
A good Cyclically Adjusted FCF per Share depends on the Drug Manufacturers 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 Eisai Co and its competitors. Eisai Co's current Cyclically Adjusted FCF per Share is $1.08. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Eisai Co stock overvalued right now?
Based on GuruFocus' analysis, Eisai Co (ESAIY) is currently considered Modestly Undervalued. The stock's GF Value™ is $9.16, compared to a current price of $7.84 — trading 14.4% below its estimated fair value. The current Cyclically Adjusted FCF per Share is $1.08. Eisai Co's overall GF Score™ is 73/100 with 6 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 Eisai Co (ESAIY), the current Cyclically Adjusted FCF per Share is $1.08 as of Mar. 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 Eisai Co (ESAIY) Overvalued in 2026?

Based on GuruFocus' analysis, Eisai Co stock appears to be undervalued. The current stock price of $7.84 is trading 14.4% below its estimated GF Value™ of $9.16. GuruFocus considers Eisai Co to be Modestly Undervalued.

Key valuation signals for ESAIY:

  • Cyclically Adjusted FCF per Share: $1.08
  • GF Value™: $9.16 vs. price of $7.84 (14.4% below fair value)
  • GF Score™: 73/100 with 6 warning signs

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


Eisai Co Business Description

Address 4-6-10 Koishikawa, Bunkyo-ku, Tokyo, JPN, 112-8088
Eisai Co Ltd is a specialty and generic drug manufacturing company. The company's business consists of research and development, manufacturing, sales, import, and export of pharmaceuticals. The pharmaceutical business is categorized by region, including East Asia & Global South; Europe, Middle East, Africa, Russia, Oceania (EMEA); Americas; China; and Japan. The company also reports a consumer healthcare business for Japan. The vast majority of the company's revenue is derived from its American pharmaceutical business, followed by its Japanese pharmaceuticals segment. The company utilizes licensing strategies in order to expand its research, development, manufacturing, and marketing capabilities.
73GF Score

Get the complete analysis for ESAIY

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

$7.84
Price
$9.16
GF Value