MMNNF (Munters Group AB) Cyclically Adjusted FCF per Share: $0.30 (As of Jun. 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.

MMNNF Munters Group AB MMNNF
88 GF Score
Price $20.40
GF Value $19.68
Valuation Fairly Valued
! 5 Warning Signs
View Full Analysis

What is Munters Group AB Cyclically Adjusted FCF per Share?

Munters Group AB MMNNF +34.23% 88 Cyclically Adjusted FCF per Share is $0.30 as of Jun. 2026. GuruFocus rates MMNNF with a GF Score™ of 88/100 and a GF Value™ of $19.68 (Fairly Valued). The stock has 5 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.

Munters Group AB's adjusted free cash flow per share for the three months ended in Jun. 2026 was $0.172. 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 $0.30 for the trailing ten years ended in Jun. 2026.

During the past 12 months, Munters Group AB's average Cyclically Adjusted FCF Growth Rate was 18.60% 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.

As of today (2026-07-22), Munters Group AB's current stock price is $20.4025. Munters Group AB's Cyclically Adjusted FCF per Share for the quarter that ended in Jun. 2026 was $0.30. Munters Group AB's Cyclically Adjusted Price-to-FCF of today is 68.01.

During the past 12 years, the highest Cyclically Adjusted Price-to-FCF of Munters Group AB was 74.95. The lowest was 43.36. And the median was 61.58.


Munters Group AB  (OTCPK:MMNNF) 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.

Munters Group AB's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=20.4025/0.30
=68.01

* 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 12 years, the highest Cyclically Adjusted Price-to-FCF of Munters Group AB was 74.95. The lowest was 43.36. And the median was 61.58.


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.


Munters Group AB Cyclically Adjusted FCF per Share Related Terms


Munters Group AB Cyclically Adjusted FCF per Share Historical Data

* Premium members only.

The historical data trend for Munters Group AB'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.

Munters Group AB Cyclically Adjusted FCF per Share Chart

Munters Group AB Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 0.25

Munters Group AB 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 0.30 0.39 0.25 0.30 0.30

MMNNF vs VLTO, ZWS, CECO: Cyclically Adjusted FCF per Share Comparison

For the Pollution & Treatment Controls subindustry, Munters Group AB'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.


Munters Group AB Cyclically Adjusted Price-to-FCF vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Munters Group AB's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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


MMNNF
88GF Score
Munters Group AB MMNNF
Cyclically Adjusted FCF per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Munters Group AB 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, Munters Group AB'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)
=0.172/134.1100*134.1100
=0.172

Current CPI (Jun. 2026) = 134.1100.

Munters Group AB Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201609 0.030 101.138 0.040
201612 0.030 102.022 0.039
201703 -0.046 102.022 -0.060
201706 0.058 102.752 0.076
201709 0.101 103.279 0.131
201712 -0.035 103.793 -0.045
201803 -0.030 103.962 -0.039
201806 -0.018 104.875 -0.023
201809 -0.056 105.679 -0.071
201812 0.228 105.912 0.289
201903 -0.001 105.886 -0.001
201906 0.070 106.742 0.088
201909 0.073 107.214 0.091
201912 0.135 107.766 0.168
202003 -0.009 106.563 -0.011
202006 0.132 107.498 0.165
202009 0.119 107.635 0.148
202012 0.235 108.296 0.291
202103 0.019 108.360 0.024
202106 0.036 108.928 0.044
202109 -0.141 110.338 -0.171
202112 0.189 112.486 0.225
202203 -0.080 114.825 -0.093
202206 -0.010 118.384 -0.011
202209 0.075 122.296 0.082
202212 0.129 126.365 0.137
202303 -0.170 127.042 -0.179
202306 -0.081 129.407 -0.084
202309 0.209 130.224 0.215
202312 0.244 131.912 0.248
202403 0.201 132.205 0.204
202406 0.253 132.716 0.256
202409 0.020 132.304 0.020
202412 0.212 132.987 0.214
202503 0.154 132.825 0.155
202506 -0.080 133.699 -0.080
202509 0.132 133.480 0.133
202512 0.207 133.390 0.208
202603 0.111 133.560 0.111
202606 0.172 134.110 0.172

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 $0.30 mean?
Munters Group AB (MMNNF) has a Cyclically Adjusted FCF per Share of $0.30 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 Munters Group AB and its competitors.
Is Munters Group AB's Cyclically Adjusted FCF per Share too high?
Munters Group AB's current Cyclically Adjusted FCF per Share is $0.30. Overall, Munters Group AB has a GF Score™ of 88/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Munters Group AB's Cyclically Adjusted FCF per Share compare to VLTO and ZWS?
Munters Group AB's Cyclically Adjusted FCF per Share of $0.30 can be compared against companies in the Industrial Products 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 an Industrial Products company?
A good Cyclically Adjusted FCF per Share depends on the Industrial Products 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 Munters Group AB and its competitors. Munters Group AB's current Cyclically Adjusted FCF per Share is $0.30. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Munters Group AB stock overvalued right now?
Based on GuruFocus' analysis, Munters Group AB (MMNNF) is currently considered Fairly Valued. The stock's GF Value™ is $19.68, compared to a current price of $20.40 — trading 3.7% above its estimated fair value. The current Cyclically Adjusted FCF per Share is $0.30. Munters Group AB's overall GF Score™ is 88/100 with 5 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 Munters Group AB (MMNNF), the current Cyclically Adjusted FCF per Share is $0.30 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 Munters Group AB (MMNNF) Overvalued in 2026?

Based on GuruFocus' analysis, Munters Group AB stock appears to be overvalued. The current stock price of $20.40 is trading 3.7% above its estimated GF Value™ of $19.68. GuruFocus considers Munters Group AB to be Fairly Valued.

Key valuation signals for MMNNF:

  • Cyclically Adjusted FCF per Share: $0.30
  • GF Value™: $19.68 vs. price of $20.40 (3.7% above fair value)
  • GF Score™: 88/100 with 5 warning signs

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


Munters Group AB Business Description

Address Borgarfjordsgatan 16, Box 1188, Kista, SWE, SE-164 40
Munters Group AB is a provider of energy-efficient air treatment and climate control solutions predominantly within the food, pharmaceutical and data center and other sectors. The company operates in segments, which are: AirTech, Data Center Technologies, and FoodTech. The majority of the revenue is generated from its AirTech segment, which manufactures and markets products and solutions for controlling humidity and improving the indoor climate. Geographically, a majority of its revenue is generated from the United States and the rest from China, Germany, the United Kingdom, Canada, Sweden, Australia, France, Denmark, Poland, Mexico, and other markets.
88GF Score

Get the complete analysis for MMNNF

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

$20.40
Price
$19.68
GF Value