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Teledyne Technologies (LTS:0ACF) Cyclically Adjusted FCF per Share : $14.63 (As of Mar. 2025)


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What is Teledyne Technologies 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.

Teledyne Technologies's adjusted free cash flow per share for the three months ended in Mar. 2025 was $4.748. 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 $14.63 for the trailing ten years ended in Mar. 2025.

During the past 12 months, Teledyne Technologies's average Cyclically Adjusted FCF Growth Rate was 13.80% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 13.30% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 15.40% per year. During the past 10 years, the average Cyclically Adjusted FCF Growth Rate was 15.00% 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 Teledyne Technologies was 18.50% per year. The lowest was 9.20% per year. And the median was 14.50% per year.

As of today (2025-05-25), Teledyne Technologies's current stock price is $518.0601. Teledyne Technologies's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2025 was $14.63. Teledyne Technologies's Cyclically Adjusted Price-to-FCF of today is 35.41.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Teledyne Technologies was 60.20. The lowest was 20.65. And the median was 38.60.


Teledyne Technologies Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Teledyne Technologies'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.

Teledyne Technologies Cyclically Adjusted FCF per Share Chart

Teledyne Technologies 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 - - - 11.65 13.57

Teledyne Technologies 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 12.42 12.72 12.94 13.57 14.63

Competitive Comparison of Teledyne Technologies's Cyclically Adjusted FCF per Share

For the Scientific & Technical Instruments subindustry, Teledyne Technologies'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.


Teledyne Technologies's Cyclically Adjusted Price-to-FCF Distribution in the Hardware Industry

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

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


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Teledyne Technologies 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, Teledyne Technologies'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)
=4.748/134.9266*134.9266
=4.748

Current CPI (Mar. 2025) = 134.9266.

Teledyne Technologies Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201506 1.263 100.684 1.693
201509 1.753 100.392 2.356
201512 1.280 99.792 1.731
201603 1.560 100.470 2.095
201606 1.907 101.688 2.530
201609 2.348 101.861 3.110
201612 0.659 101.863 0.873
201703 1.130 102.862 1.482
201706 2.064 103.349 2.695
201709 2.536 104.136 3.286
201712 2.962 104.011 3.842
201803 1.408 105.290 1.804
201806 2.176 106.317 2.762
201809 3.253 106.507 4.121
201812 2.886 105.998 3.674
201903 1.581 107.251 1.989
201906 1.741 108.070 2.174
201909 3.346 108.329 4.168
201912 3.810 108.420 4.741
202003 1.487 108.902 1.842
202006 3.683 108.767 4.569
202009 3.574 109.815 4.391
202012 5.681 109.897 6.975
202103 2.824 111.754 3.410
202106 4.369 114.631 5.143
202109 3.430 115.734 3.999
202112 5.461 117.630 6.264
202203 -4.983 121.301 -5.543
202206 3.692 125.017 3.985
202209 5.287 125.227 5.697
202212 4.268 125.222 4.599
202303 3.729 127.348 3.951
202306 3.407 128.729 3.571
202309 5.328 129.860 5.536
202312 2.593 129.419 2.703
202403 5.731 131.776 5.868
202406 6.297 132.554 6.410
202409 4.835 133.029 4.904
202412 6.414 133.157 6.499
202503 4.748 134.927 4.748

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


Teledyne Technologies  (LTS:0ACF) 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=518.0601/14.63
=35.41

* 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 Teledyne Technologies was 60.20. The lowest was 20.65. And the median was 38.60.


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.


Teledyne Technologies Cyclically Adjusted FCF per Share Related Terms

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


Teledyne Technologies Business Description

Industry
Traded in Other Exchanges
Address
1049 Camino Dos Rios, Thousand Oaks, CA, USA, 91360-2362
Teledyne Technologies Inc sells technologies for industrial markets. Roughly a fourth of Teledyne's revenue comes from contracts with the United States government. The firm operates in four segments: instrumentation, digital imaging, aerospace and defense electronics, and engineered systems. The instrumentation segment provides monitoring instruments primarily for marine and environmental applications. The digital imaging segment contributes majority of proportion of revenue and includes image sensors and cameras for industrial, government, and medical customers. The aerospace and defense electronics segment provides electronic components and communication products for aircraft. The engineered systems segment provides solutions for defense, space, environmental, and energy applications.

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