mixi (TSE:2121) Cyclically Adjusted FCF per Share: 円286.92 (As of Mar. 2026)

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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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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.

TSE:2121 mixi Inc TSE:2121
88 GF Score
Price 円2,960.00
GF Value 円3,494.79
Valuation Modestly Undervalued
! 3 Warning Signs
View Full Analysis

What is mixi Cyclically Adjusted FCF per Share?

mixi TSE:2121 +0.07% 88 Cyclically Adjusted FCF per Share is 円286.92 as of Mar. 2026. GuruFocus rates TSE:2121 with a GF Score™ of 88/100 and a GF Value™ of 円3,494.79 (Modestly Undervalued). The stock has 3 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.

mixi's adjusted free cash flow per share for the three months ended in Mar. 2026 was 円278.162. 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 円286.92 for the trailing ten years ended in Mar. 2026.

During the past 12 months, mixi's average Cyclically Adjusted FCF Growth Rate was -20.20% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was -7.20% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was -1.30% 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 mixi was 6.60% per year. The lowest was -7.20% per year. And the median was 4.30% per year.

As of today (2026-07-22), mixi's current stock price is 円2960.00. mixi's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2026 was 円286.92. mixi's Cyclically Adjusted Price-to-FCF of today is 10.32.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of mixi was 18.21. The lowest was 4.56. And the median was 7.83.


mixi  (TSE:2121) 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=2960.00/286.92
=10.32

* 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 mixi was 18.21. The lowest was 4.56. And the median was 7.83.


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.


mixi Cyclically Adjusted FCF per Share Related Terms


mixi Cyclically Adjusted FCF per Share Historical Data

* Premium members only.

The historical data trend for mixi'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.

mixi Cyclically Adjusted FCF per Share Chart

mixi 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 334.30 359.23 379.98 359.73 286.92

mixi 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 359.73 341.47 323.43 310.57 286.92

TSE:2121 vs NTES, EA, TTWO: Cyclically Adjusted FCF per Share Comparison

For the Electronic Gaming & Multimedia subindustry, mixi'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.


mixi Cyclically Adjusted Price-to-FCF vs Interactive Media Industry

For the Interactive Media industry and Communication Services sector, mixi's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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


TSE:2121
88GF Score
mixi Inc TSE:2121
Cyclically Adjusted FCF per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

mixi 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, mixi'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)
=278.162/112.7000*112.7000
=278.162

Current CPI (Mar. 2026) = 112.7000.

mixi Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201606 -129.061 98.100 -148.269
201609 259.786 98.000 298.754
201612 -20.365 98.400 -23.325
201703 395.695 98.100 454.585
201706 133.615 98.500 152.877
201709 229.858 98.800 262.196
201712 -8.769 99.400 -9.942
201803 260.928 99.200 296.437
201806 -1.598 99.200 -1.815
201809 86.300 99.900 97.357
201812 -12.510 99.700 -14.141
201903 117.426 99.700 132.737
201906 22.337 99.800 25.224
201909 71.734 100.100 80.763
201912 -0.184 100.500 -0.206
202003 9.615 100.300 10.804
202006 162.043 99.900 182.805
202009 121.573 99.900 137.150
202012 87.653 99.300 99.481
202103 20.527 99.900 23.157
202106 -68.524 99.500 -77.615
202109 49.200 100.100 55.393
202112 -40.874 100.100 -46.019
202203 44.874 101.100 50.023
202206 18.102 101.800 20.040
202209 71.266 103.100 77.902
202212 -14.258 104.100 -15.436
202303 104.277 104.400 112.567
202306 -129.510 105.200 -138.743
202309 107.584 106.200 114.169
202312 -3.136 106.800 -3.309
202403 139.247 107.200 146.391
202406 -87.271 108.200 -90.901
202409 171.867 108.900 177.864
202412 74.081 110.700 75.419
202503 197.100 111.100 199.939
202506 -266.782 111.700 -269.170
202509 144.309 112.000 145.211
202512 0.691 113.000 0.689
202603 278.162 112.700 278.162

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 円286.92 mean?
mixi (TSE:2121) has a Cyclically Adjusted FCF per Share of 円286.92 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 mixi and its competitors.
Is mixi's Cyclically Adjusted FCF per Share too high?
mixi's current Cyclically Adjusted FCF per Share is 円286.92. Overall, mixi has a GF Score™ of 88/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does mixi's Cyclically Adjusted FCF per Share compare to NTES and EA?
mixi's Cyclically Adjusted FCF per Share of 円286.92 can be compared against companies in the Interactive Media 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 Interactive Media company?
A good Cyclically Adjusted FCF per Share depends on the Interactive Media 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 mixi and its competitors. mixi's current Cyclically Adjusted FCF per Share is 円286.92. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is mixi stock overvalued right now?
Based on GuruFocus' analysis, mixi (TSE:2121) is currently considered Modestly Undervalued. The stock's GF Value™ is 円3,494.79, compared to a current price of 円2,960.00 — trading 15.3% below its estimated fair value. The current Cyclically Adjusted FCF per Share is 円286.92. mixi's overall GF Score™ is 88/100 with 3 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 mixi (TSE:2121), the current Cyclically Adjusted FCF per Share is 円286.92 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 mixi (TSE:2121) Overvalued in 2026?

Based on GuruFocus' analysis, mixi stock appears to be undervalued. The current stock price of 円2,960.00 is trading 15.3% below its estimated GF Value™ of 円3,494.79. GuruFocus considers mixi to be Modestly Undervalued.

Key valuation signals for TSE:2121:

  • Cyclically Adjusted FCF per Share: 円286.92
  • GF Value™: 円3,494.79 vs. price of 円2,960.00 (15.3% below fair value)
  • GF Score™: 88/100 with 3 warning signs

No single metric tells the full story. See the TSE:2121 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


mixi Business Description

Address Sumitomo Fudosan Shibuya First Tower 7F, Tokyo, JPN, 150-0011
mixi Inc is a Japanese company which provides social networking services. The company conducts its business activities mainly including the operation of websites and provision of native smartphone games on the Internet. It business segments include, Entertainment Business and Media Platform Business. mixi provides games mainly including native smartphone games through Entertainment Business, and operates business-to-consumer and consumer-to-consumer services utilizing the Internet and invests in operating companies of these services through Media Platform Business.
88GF Score

Get the complete analysis for TSE:2121

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

円2,960.00
Price
円3,494.79
GF Value