Enablence Technologies (TSXV:ENA) Cyclically Adjusted FCF per Share: C$-1.70 (As of Mar. 2026)

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TSXV:ENA Enablence Technologies Inc TSXV:ENA
33 GF Score
Price C$5.50
GF Value C$3.97
Valuation Significantly Overvalued
! 6 Warning Signs
View Full Analysis

What is Enablence Technologies Cyclically Adjusted FCF per Share?

Enablence Technologies TSXV:ENA -8.33% 33 Cyclically Adjusted FCF per Share is C$-1.70 as of Mar. 2026. GuruFocus rates TSXV:ENA with a GF Score™ of 33/100 and a GF Value™ of C$3.97 (Significantly Overvalued). The stock has 6 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.

Enablence Technologies's adjusted free cash flow per share for the three months ended in Mar. 2026 was C$-0.327. Add all the adjusted free cash flow per share for the past 10 years together and divide the count will get our Cyclically Adjusted FCF per Share, which is C$-1.70 for the trailing ten years ended in Mar. 2026.

During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 37.50% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 44.00% per year. During the past 10 years, the average Cyclically Adjusted FCF Growth Rate was 39.20% 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 Enablence Technologies was 51.30% per year. The lowest was -18.80% per year. And the median was 18.00% per year.

As of today (2026-08-02), Enablence Technologies's current stock price is C$5.50. Enablence Technologies's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2026 was C$-1.70. Enablence Technologies's Cyclically Adjusted Price-to-FCF of today is .


Enablence Technologies  (TSXV:ENA) 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.


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.


Enablence Technologies Cyclically Adjusted FCF per Share Related Terms


Enablence Technologies Cyclically Adjusted FCF per Share Historical Data

* Premium members only.

The historical data trend for Enablence 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.

Enablence Technologies Cyclically Adjusted FCF per Share Chart

Enablence Technologies Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only -16.36 -7.99 -3.57 -2.46 -1.95

Enablence Technologies 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 -2.06 -1.95 -1.84 -1.75 -1.70

TSXV:ENA vs CSCO, MSI, HPE: Cyclically Adjusted FCF per Share Comparison

For the Communication Equipment subindustry, Enablence 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.


Enablence Technologies Cyclically Adjusted Price-to-FCF vs Hardware Industry

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

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


TSXV:ENA
33GF Score
Enablence Technologies Inc TSXV:ENA
Cyclically Adjusted FCF per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Enablence 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, Enablence Technologies'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)
=-0.327/132.2623*132.2623
=-0.327

Current CPI (Mar. 2026) = 132.2623.

Enablence Technologies Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201606 -1.240 102.002 -1.608
201609 -0.747 101.765 -0.971
201612 -0.962 101.449 -1.254
201703 -0.550 102.634 -0.709
201706 -0.619 103.029 -0.795
201709 -0.722 103.345 -0.924
201712 -0.472 103.345 -0.604
201803 -0.380 105.004 -0.479
201806 -0.576 105.557 -0.722
201809 -0.399 105.636 -0.500
201812 -0.408 105.399 -0.512
201903 -0.377 106.979 -0.466
201906 -0.394 107.690 -0.484
201909 -0.416 107.611 -0.511
201912 -0.390 107.769 -0.479
202003 -0.447 107.927 -0.548
202006 0.012 108.401 0.015
202009 -0.090 108.164 -0.110
202012 -0.121 108.559 -0.147
202103 -0.099 110.298 -0.119
202106 -0.342 111.720 -0.405
202109 -0.263 112.905 -0.308
202112 -0.567 113.774 -0.659
202203 -0.115 117.646 -0.129
202206 -0.098 120.806 -0.107
202209 -0.107 120.648 -0.117
202212 -0.095 120.964 -0.104
202303 -0.135 122.702 -0.146
202306 -0.105 124.203 -0.112
202309 -0.189 125.230 -0.200
202312 -0.146 125.072 -0.154
202403 -0.137 126.258 -0.144
202406 -0.159 127.522 -0.165
202409 -0.304 127.285 -0.316
202412 -0.322 127.364 -0.334
202503 -0.318 129.181 -0.326
202506 -0.354 129.892 -0.360
202509 -0.331 130.287 -0.336
202512 -0.330 130.366 -0.335
202603 -0.327 132.262 -0.327

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 C$-1.70 mean?
Enablence Technologies (TSXV:ENA) has a Cyclically Adjusted FCF per Share of C$-1.70 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 Enablence Technologies and its competitors.
Is Enablence Technologies' Cyclically Adjusted FCF per Share too high?
Enablence Technologies' current Cyclically Adjusted FCF per Share is C$-1.70. Overall, Enablence Technologies has a GF Score™ of 33/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Enablence Technologies' Cyclically Adjusted FCF per Share compare to CSCO and MSI?
Enablence Technologies' Cyclically Adjusted FCF per Share of C$-1.70 can be compared against companies in the Hardware 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 Hardware company?
A good Cyclically Adjusted FCF per Share depends on the Hardware 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 Enablence Technologies and its competitors. Enablence Technologies's current Cyclically Adjusted FCF per Share is C$-1.70. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Enablence Technologies stock overvalued right now?
Based on GuruFocus' analysis, Enablence Technologies (TSXV:ENA) is currently considered Significantly Overvalued. The stock's GF Value™ is C$3.97, compared to a current price of C$5.50 — trading 38.5% above its estimated fair value. The current Cyclically Adjusted FCF per Share is C$-1.70. Enablence Technologies' overall GF Score™ is 33/100 with 6 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 Enablence Technologies (TSXV:ENA), the current Cyclically Adjusted FCF per Share is C$-1.70 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 Enablence Technologies (TSXV:ENA) Overvalued in 2026?

Based on GuruFocus' analysis, Enablence Technologies stock appears to be overvalued. The current stock price of C$5.50 is trading 38.5% above its estimated GF Value™ of C$3.97. GuruFocus considers Enablence Technologies to be Significantly Overvalued.

Key valuation signals for TSXV:ENA:

  • Cyclically Adjusted FCF per Share: C$-1.70
  • GF Value™: C$3.97 vs. price of C$5.50 (38.5% above fair value)
  • GF Score™: 33/100 with 6 warning signs

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


Enablence Technologies Business Description

Other Exchanges ENAFF:USAOA8:Germany
Address 390 March Road, Suite 119, Ottawa, ON, CAN, K2K 0G7
Enablence Technologies Inc is a company operating in an integrated optical products business. The company designs manufacture and sells optical components, in the form of planar lightwave circuits on silicon-based chips. Its products are offered in telecommunications, aerospace, and bio-chemical sensing industries. Enablence products serve a world-wide customer base, focused on data centres end markets in which Enablence works with customers that have emerging market uses for its technology, including medical devices, automotive LiDAR and virtual and augmented reality headset.
33GF Score

Get the complete analysis for TSXV:ENA

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

C$5.50
Price
C$3.97
GF Value