Jason Furniture (Hangzhou) Co (SHSE:603816) Cyclically Adjusted FCF per Share: ¥1.28 (As of Mar. 2026)

Author: Vera Yuan Vera Yuan
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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.
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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.

SHSE:603816 Jason Furniture (Hangzhou) Co Ltd SHSE:603816
77 GF Score
Price ¥24.86
GF Value ¥32.29
Valuation Modestly Undervalued
! 2 Warning Signs
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What is Jason Furniture (Hangzhou) Co Cyclically Adjusted FCF per Share?

Jason Furniture (Hangzhou) Co SHSE:603816 +0.93% 77 Cyclically Adjusted FCF per Share is ¥1.28 as of Mar. 2026. GuruFocus rates SHSE:603816 with a GF Score™ of 77/100 and a GF Value™ of ¥32.29 (Modestly Undervalued). The stock has 2 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.

Jason Furniture (Hangzhou) Co's adjusted free cash flow per share for the three months ended in Mar. 2026 was ¥-0.060. 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 ¥1.28 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Jason Furniture (Hangzhou) Co's average Cyclically Adjusted FCF Growth Rate was 19.60% 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 (2026-08-12), Jason Furniture (Hangzhou) Co's current stock price is ¥24.86. Jason Furniture (Hangzhou) Co's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2026 was ¥1.28. Jason Furniture (Hangzhou) Co's Cyclically Adjusted Price-to-FCF of today is 19.42.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Jason Furniture (Hangzhou) Co was 32.84. The lowest was 17.45. And the median was 24.74.


Jason Furniture (Hangzhou) Co  (SHSE:603816) 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.

Jason Furniture (Hangzhou) Co's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=24.86/1.28
=19.42

* 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 Jason Furniture (Hangzhou) Co was 32.84. The lowest was 17.45. And the median was 24.74.


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.


Jason Furniture (Hangzhou) Co Cyclically Adjusted FCF per Share Related Terms


Jason Furniture (Hangzhou) Co Cyclically Adjusted FCF per Share Historical Data

* Premium members only.

The historical data trend for Jason Furniture (Hangzhou) 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.

Jason Furniture (Hangzhou) Co Cyclically Adjusted FCF per Share Chart

Jason Furniture (Hangzhou) Co 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 1.12 1.28

Jason Furniture (Hangzhou) 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 1.07 1.17 1.23 1.28 1.28

SHSE:603816 vs SN, SGI, MHK: Cyclically Adjusted FCF per Share Comparison

For the Furnishings, Fixtures & Appliances subindustry, Jason Furniture (Hangzhou) 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.


Jason Furniture (Hangzhou) Co Cyclically Adjusted Price-to-FCF vs Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Jason Furniture (Hangzhou) Co's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Jason Furniture (Hangzhou) Co's Cyclically Adjusted Price-to-FCF falls into.


SHSE:603816
77GF Score
Jason Furniture (Hangzhou) Co Ltd SHSE:603816
Cyclically Adjusted FCF per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Jason Furniture (Hangzhou) 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, Jason Furniture (Hangzhou) 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)
=-0.06/116.3033*116.3033
=-0.060

Current CPI (Mar. 2026) = 116.3033.

Jason Furniture (Hangzhou) Co Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201606 0.184 101.400 0.211
201609 0.340 102.400 0.386
201612 0.623 102.600 0.706
201703 0.039 103.200 0.044
201706 0.146 103.100 0.165
201709 0.535 104.100 0.598
201712 0.436 104.500 0.485
201803 -0.167 105.300 -0.184
201806 0.067 104.900 0.074
201809 0.053 106.600 0.058
201812 0.431 106.500 0.471
201903 0.069 107.700 0.075
201906 0.343 107.700 0.370
201909 0.805 109.800 0.853
201912 0.562 111.200 0.588
202003 -0.744 112.300 -0.771
202006 0.673 110.400 0.709
202009 0.663 111.700 0.690
202012 0.753 111.500 0.785
202103 -0.210 112.662 -0.217
202106 -0.072 111.769 -0.075
202109 0.063 112.215 0.065
202112 0.673 113.108 0.692
202203 -1.106 114.335 -1.125
202206 0.134 114.558 0.136
202209 0.568 115.339 0.573
202212 1.524 115.116 1.540
202303 -0.518 115.116 -0.523
202306 0.277 114.558 0.281
202309 0.377 115.339 0.380
202312 0.133 114.781 0.135
202403 -0.778 115.227 -0.785
202406 0.688 114.781 0.697
202409 0.902 115.785 0.906
202412 1.181 114.893 1.196
202503 -0.151 115.116 -0.153
202506 1.247 114.907 1.262
202509 0.830 115.471 0.836
202512 0.687 115.832 0.690
202603 -0.060 116.303 -0.060

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 ¥1.28 mean?
Jason Furniture (Hangzhou) Co (SHSE:603816) has a Cyclically Adjusted FCF per Share of ¥1.28 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 Jason Furniture (Hangzhou) Co and its competitors.
Is Jason Furniture (Hangzhou) Co's Cyclically Adjusted FCF per Share too high?
Jason Furniture (Hangzhou) Co's current Cyclically Adjusted FCF per Share is ¥1.28. Overall, Jason Furniture (Hangzhou) Co has a GF Score™ of 77/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Jason Furniture (Hangzhou) Co's Cyclically Adjusted FCF per Share compare to SN and SGI?
Jason Furniture (Hangzhou) Co's Cyclically Adjusted FCF per Share of ¥1.28 can be compared against companies in the Furnishings, Fixtures & Appliances 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 Furnishings, Fixtures & Appliances company?
A good Cyclically Adjusted FCF per Share depends on the Furnishings, Fixtures & Appliances 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 Jason Furniture (Hangzhou) Co and its competitors. Jason Furniture (Hangzhou) Co's current Cyclically Adjusted FCF per Share is ¥1.28. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Jason Furniture (Hangzhou) Co stock overvalued right now?
Based on GuruFocus' analysis, Jason Furniture (Hangzhou) Co (SHSE:603816) is currently considered Modestly Undervalued. The stock's GF Value™ is ¥32.29, compared to a current price of ¥24.86 — trading 23% below its estimated fair value. The current Cyclically Adjusted FCF per Share is ¥1.28. Jason Furniture (Hangzhou) Co's overall GF Score™ is 77/100 with 2 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 Jason Furniture (Hangzhou) Co (SHSE:603816), the current Cyclically Adjusted FCF per Share is ¥1.28 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 Jason Furniture (Hangzhou) Co (SHSE:603816) Overvalued in 2026?

Based on GuruFocus' analysis, Jason Furniture (Hangzhou) Co stock appears to be undervalued. The current stock price of ¥24.86 is trading 23% below its estimated GF Value™ of ¥32.29. GuruFocus considers Jason Furniture (Hangzhou) Co to be Modestly Undervalued.

Key valuation signals for SHSE:603816:

  • Cyclically Adjusted FCF per Share: ¥1.28
  • GF Value™: ¥32.29 vs. price of ¥24.86 (23% below fair value)
  • GF Score™: 77/100 with 2 warning signs

No single metric tells the full story. See the SHSE:603816 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Jason Furniture (Hangzhou) Co Business Description

Address No.599-1, Dongning Road, Gujia Building, Jianggan District, Hangzhou, CHN
Jason Furniture (Hangzhou) Co Ltd is a China-based company engaged in the Research and development, design, production and sales of mid- to high-end sofas, soft beds and other soft furniture products for living rooms and bedrooms.
77GF Score

Get the complete analysis for SHSE:603816

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

¥24.86
Price
¥32.29
GF Value