RTX (XSWX:UTX) Cyclically Adjusted FCF per Share: CHF3.27 (As of Mar. 2026)

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Director of Data and Quant Analytics at GuruFocus
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XSWX:UTX RTX Corp XSWX:UTX
84 GF Score
Price CHF125.59
GF Value CHF93.85
! 5 Warning Signs
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What is RTX Cyclically Adjusted FCF per Share?

RTX XSWX:UTX 84 Cyclically Adjusted FCF per Share is CHF3.27 as of Mar. 2026. GuruFocus rates XSWX:UTX with a GF Score™ of 84/100 and a GF Value™ of CHF93.85. 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.

RTX's adjusted free cash flow per share for the three months ended in Mar. 2026 was CHF0.699. 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 CHF3.27 for the trailing ten years ended in Mar. 2026.

During the past 12 months, RTX's average Cyclically Adjusted FCF Growth Rate was 10.80% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was -3.20% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was -2.20% per year. During the past 10 years, the average Cyclically Adjusted FCF Growth Rate was -1.40% 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 RTX was 23.20% per year. The lowest was -3.20% per year. And the median was 8.60% per year.

As of today (2026-07-18), RTX's current stock price is CHF125.59. RTX's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2026 was CHF3.27. RTX's Cyclically Adjusted Price-to-FCF of today is 38.41.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of RTX was 46.10. The lowest was 9.21. And the median was 17.02.


RTX  (XSWX:UTX) 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=125.59/3.27
=38.41

* 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 RTX was 46.10. The lowest was 9.21. And the median was 17.02.


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.


RTX Cyclically Adjusted FCF per Share Related Terms


RTX Cyclically Adjusted FCF per Share Historical Data

* Premium members only.

The historical data trend for RTX'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.

RTX Cyclically Adjusted FCF per Share Chart

RTX 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 7.19 6.25 0.00 0.00 0.00

RTX 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 0.00 0.00 0.00 0.00 3.27

XSWX:UTX vs BA, GE, LMT: Cyclically Adjusted FCF per Share Comparison

For the Aerospace & Defense subindustry, RTX'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.


RTX Cyclically Adjusted Price-to-FCF vs Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, RTX's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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


XSWX:UTX
84GF Score
RTX Corp XSWX:UTX
Cyclically Adjusted FCF per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

RTX 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, RTX'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)
=0.699/330.2130*330.2130
=0.699

Current CPI (Mar. 2026) = 330.2130.

RTX Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201606 1.289 241.018 1.766
201609 1.688 241.428 2.309
201612 1.331 241.432 1.820
201703 0.708 243.801 0.959
201706 1.948 244.955 2.626
201709 -0.685 246.819 -0.916
201712 2.017 246.524 2.702
201803 0.045 249.554 0.060
201806 2.014 251.989 2.639
201809 1.483 252.439 1.940
201812 1.848 251.233 2.429
201903 1.221 254.202 1.586
201906 1.960 256.143 2.527
201909 2.243 256.759 2.885
201912 2.203 256.974 2.831
202003 0.285 258.115 0.365
202006 -0.295 257.797 -0.378
202009 0.708 260.280 0.898
202012 0.401 260.474 0.508
202103 0.184 264.877 0.229
202106 0.551 271.696 0.670
202109 0.869 274.310 1.046
202112 1.223 278.802 1.449
202203 -0.028 287.504 -0.032
202206 0.454 296.311 0.506
202209 0.090 296.808 0.100
202212 2.273 296.797 2.529
202303 -0.965 301.836 -1.056
202306 0.020 305.109 0.022
202309 1.572 307.789 1.687
202312 2.375 306.746 2.557
202403 -0.191 312.332 -0.202
202406 1.359 314.175 1.428
202409 1.159 315.301 1.214
202412 0.217 315.605 0.227
202503 0.450 319.799 0.465
202506 -0.117 322.561 -0.120
202509 2.288 324.800 2.326
202512 1.785 324.054 1.819
202603 0.699 330.213 0.699

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 CHF3.27 mean?
RTX (XSWX:UTX) has a Cyclically Adjusted FCF per Share of CHF3.27 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 RTX and its competitors.
Is RTX's Cyclically Adjusted FCF per Share too high?
RTX's current Cyclically Adjusted FCF per Share is CHF3.27. Overall, RTX has a GF Score™ of 84/100, reflecting its overall financial health beyond just this single metric.
How does RTX's Cyclically Adjusted FCF per Share compare to BA and GE?
RTX's Cyclically Adjusted FCF per Share of CHF3.27 can be compared against companies in the Aerospace & Defense 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 Aerospace & Defense company?
A good Cyclically Adjusted FCF per Share depends on the Aerospace & Defense 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 RTX and its competitors. RTX's current Cyclically Adjusted FCF per Share is CHF3.27. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is RTX stock overvalued right now?
RTX (XSWX:UTX) has a current Cyclically Adjusted FCF per Share of CHF3.27. The stock's GF Value™ is CHF93.85, compared to a current price of CHF125.59 — trading 33.8% above its estimated fair value. The current Cyclically Adjusted FCF per Share is CHF3.27. RTX's overall GF Score™ is 84/100 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 RTX (XSWX:UTX), the current Cyclically Adjusted FCF per Share is CHF3.27 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 RTX (XSWX:UTX) Overvalued in 2026?

Based on GuruFocus' analysis, RTX stock appears to be overvalued. The current stock price of CHF125.59 is trading 33.8% above its estimated GF Value™ of CHF93.85.

Key valuation signals for XSWX:UTX:

  • Cyclically Adjusted FCF per Share: CHF3.27
  • GF Value™: CHF93.85 vs. price of CHF125.59 (33.8% above fair value)
  • GF Score™: 84/100 with 5 warning signs

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


RTX Business Description

Address 1000 Wilson Boulevard, Arlington, VA, USA, 22209
RTX is an aerospace and defense manufacturer formed from the merger of United Technologies and Raytheon, with roughly equal exposure across three segments, mostly as a supplier to commercial aerospace and to the defense market: Collins Aerospace, a diversified aerospace supplier; Pratt & Whitney, a commercial and military aircraft engine manufacturer; and Raytheon, a defense prime contractor providing a mix of missiles, missile defense systems, sensors, hardware, and communications technology to the military.
84GF Score

Get the complete analysis for XSWX:UTX

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

CHF125.59
Price
CHF93.85
GF Value