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FIX (Comfort Systems USA) Cyclically Adjusted FCF per Share : $7.03 (As of Mar. 2025)


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What is Comfort Systems USA 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.

Comfort Systems USA's adjusted free cash flow per share for the three months ended in Mar. 2025 was $-3.094. 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 $7.03 for the trailing ten years ended in Mar. 2025.

During the past 12 months, Comfort Systems USA's average Cyclically Adjusted FCF Growth Rate was 24.40% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 38.00% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 34.70% per year. During the past 10 years, the average Cyclically Adjusted FCF Growth Rate was 22.20% 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 Comfort Systems USA was 141.00% per year. The lowest was -4.40% per year. And the median was 9.80% per year.

As of today (2025-06-28), Comfort Systems USA's current stock price is $535.00. Comfort Systems USA's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2025 was $7.03. Comfort Systems USA's Cyclically Adjusted Price-to-FCF of today is 76.10.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Comfort Systems USA was 76.10. The lowest was 18.33. And the median was 31.71.


Comfort Systems USA Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Comfort Systems USA'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.

Comfort Systems USA Cyclically Adjusted FCF per Share Chart

Comfort Systems USA 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 2.24 2.78 3.60 5.17 7.31

Comfort Systems USA 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 5.65 6.08 6.83 7.31 7.03

Competitive Comparison of Comfort Systems USA's Cyclically Adjusted FCF per Share

For the Engineering & Construction subindustry, Comfort Systems USA'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.


Comfort Systems USA's Cyclically Adjusted Price-to-FCF Distribution in the Construction Industry

For the Construction industry and Industrials sector, Comfort Systems USA's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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


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Comfort Systems USA 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, Comfort Systems USA'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)
=-3.094/134.9266*134.9266
=-3.094

Current CPI (Mar. 2025) = 134.9266.

Comfort Systems USA Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201506 0.648 100.684 0.868
201509 0.474 100.392 0.637
201512 0.466 99.792 0.630
201603 0.247 100.470 0.332
201606 0.426 101.688 0.565
201609 0.185 101.861 0.245
201612 0.941 101.863 1.246
201703 0.132 102.862 0.173
201706 0.121 103.349 0.158
201709 1.045 104.136 1.354
201712 0.791 104.011 1.026
201803 -0.046 105.290 -0.059
201806 0.668 106.317 0.848
201809 0.599 106.507 0.759
201812 1.975 105.998 2.514
201903 -0.211 107.251 -0.265
201906 0.504 108.070 0.629
201909 1.785 108.329 2.223
201912 0.897 108.420 1.116
202003 0.391 108.902 0.484
202006 3.670 108.767 4.553
202009 1.298 109.815 1.595
202012 1.790 109.897 2.198
202103 2.187 111.754 2.640
202106 0.533 114.631 0.627
202109 1.029 115.734 1.200
202112 0.579 117.630 0.664
202203 1.507 121.301 1.676
202206 0.930 125.017 1.004
202209 1.297 125.227 1.397
202212 3.295 125.222 3.550
202303 3.074 127.348 3.257
202306 2.807 128.729 2.942
202309 5.173 129.860 5.375
202312 4.121 129.419 4.296
202403 3.394 131.776 3.475
202406 4.646 132.554 4.729
202409 7.834 133.029 7.946
202412 4.758 133.157 4.821
202503 -3.094 134.927 -3.094

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


Comfort Systems USA  (NYSE:FIX) 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.

Comfort Systems USA's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=535.00/7.03
=76.10

* 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 Comfort Systems USA was 76.10. The lowest was 18.33. And the median was 31.71.


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.


Comfort Systems USA Cyclically Adjusted FCF per Share Related Terms

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


Comfort Systems USA Business Description

Industry
Traded in Other Exchanges
Address
675 Bering Drive, Suite 400, Houston, TX, USA, 77057
Comfort Systems USA Inc provides comprehensive mechanical contracting services, including heating, ventilation, & air conditioning, or HVAC; plumbing; piping & controls; construction; and other electrical components. Projects are mainly for commercial, industrial, & institutional buildings, & tend to be geared toward HVAC. Revenue is roughly split between installation services for newly constructed facilities & maintenance services for existing buildings. The company installs & repairs products and systems throughout the United States. It operates in two segments, Mechanical services & Electrical services, the majority is from the Mechanical services segment.
Executives
William Iii George officer: Chief Financial Officer 675 BERING DRIVE, SUITE 400, HOUSTON TX 77057
Skidmore Constance Ellen director 675 BERING DRIVE, SUITE 400, HOUSTON TX 77057
Brian E. Lane officer: President / CEO COMFORT SYSTEMS USA, INC., 675 BERING DRIVE, SUITE 400, HOUSTON TX 77057
Darcy Anderson director C/O PEROT SYSTEMS CORP, 2300 WEST PLANO PKWY, PLANO TX 75075
Pablo G. Mercado, director 920 MEMORIAL CITY WAY, SUITE 800, HOUSTON TX 77024
Vance W Tang director C/O KONE INC., 4225 NAPERVILLE ROAD, SUITE 400, LISLE IL 60532
T Mckenna Trent officer: VP, General Counsel & Secy C/O COMFORT SYSTEMS USA, INC., 675 BERING DRIVE, SUITE 400, HOUSTON TX 77057
Franklin Myers director C/O CAMERON INT'L CORPORATION, 1333 WEST LOOP S. #1700, HOUSTON TX 77027
Julie Shaeff officer: Chief Accounting Officer COMFORT SYSTEMS USA, INC., 675 BERING DRIVE, SUITE 400, HOUSTON TX 77057
Herman E Bulls director JONES LANG LASALLE, 1801 K STREET NW SUITE 1000, WASHINGTON DC 20006
Rhoman J Hardy director 2828 N. HARWOOD ST., SUITE 1300, DALLAS TX 75201
William J Sandbrook director C/O U.S. CONCRETE, INC., 331 N. MAIN STREET, EULESS TX 76039
Laura Finley Howell officer: VP, General Counsel, Secretary 675 BERING DRIVE SUITE 400, HOUSTON TX 77057
Cindy L. Wallis-lage director C/O COMFORT SYSTEMS USA, INC., 675 BERING DRIVE, SUITE 400, HOUSTON TX 77057
Alan Krusi director AECOM, 555 SOUTH FLOWER ST. 37TH FLOOR, LOS ANGELES CA 90071