Zynex (ZYXIQ) Cyclically Adjusted FCF per Share: $0.15 (As of Sep. 2025)

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What is Zynex Cyclically Adjusted FCF per Share?

Zynex ZYXIQ Cyclically Adjusted FCF per Share is $0.15 as of Sep. 2025. 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.

Zynex's adjusted free cash flow per share for the three months ended in Sep. 2025 was $-0.209. 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 $0.15 for the trailing ten years ended in Sep. 2025.

During the past 12 months, Zynex's average Cyclically Adjusted FCF Growth Rate was -31.80% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 34.70% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 37.90% 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 Zynex was 95.30% per year. The lowest was -44.20% per year. And the median was 34.70% per year.

As of today (2026-08-01), Zynex's current stock price is $0.055. Zynex's Cyclically Adjusted FCF per Share for the quarter that ended in Sep. 2025 was $0.15. Zynex's Cyclically Adjusted Price-to-FCF of today is 0.37.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Zynex was 371.17. The lowest was 0.24. And the median was 94.11.


Zynex  (OTCPK:ZYXIQ) 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=0.055/0.15
=0.37

* 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 Zynex was 371.17. The lowest was 0.24. And the median was 94.11.


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.


Zynex Cyclically Adjusted FCF per Share Related Terms


Zynex Cyclically Adjusted FCF per Share Historical Data

* Premium members only.

The historical data trend for Zynex'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.

Zynex Cyclically Adjusted FCF per Share Chart

Zynex Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.06 0.09 0.13 0.19 0.22

Zynex Quarterly Data
Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25
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 0.22 0.22 0.19 0.18 0.15

ZYXIQ vs MCK, COR, CAH: Cyclically Adjusted FCF per Share Comparison

For the Medical Distribution subindustry, Zynex'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.


Zynex Cyclically Adjusted Price-to-FCF vs Medical Distribution Industry

For the Medical Distribution industry and Healthcare sector, Zynex's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Zynex 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, Zynex's adjusted Free Cash Flow per Share data for the three months ended in Sep. 2025 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Sep. 2025 (Change)*Current CPI (Sep. 2025)
=-0.209/324.8000*324.8000
=-0.209

Current CPI (Sep. 2025) = 324.8000.

Zynex Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201512 0.008 236.525 0.011
201603 0.019 238.132 0.026
201606 0.003 241.018 0.004
201609 0.012 241.428 0.016
201612 0.017 241.432 0.023
201703 -0.001 243.801 -0.001
201706 0.051 244.955 0.068
201709 0.074 246.819 0.097
201712 0.095 246.524 0.125
201803 0.022 249.554 0.029
201806 0.057 251.989 0.073
201809 0.078 252.439 0.100
201812 0.066 251.233 0.085
201903 0.046 254.202 0.059
201906 0.014 256.143 0.018
201909 0.049 256.759 0.062
201912 0.055 256.974 0.070
202003 0.009 258.115 0.011
202006 0.061 257.797 0.077
202009 -0.022 260.280 -0.027
202012 -0.049 260.474 -0.061
202103 -0.146 264.877 -0.179
202106 0.025 271.696 0.030
202109 0.093 274.310 0.110
202112 0.187 278.802 0.218
202203 0.041 287.504 0.046
202206 -0.008 296.311 -0.009
202209 0.188 296.808 0.206
202212 0.125 296.797 0.137
202303 0.047 301.836 0.051
202306 0.014 305.109 0.015
202309 0.240 307.789 0.253
202312 0.165 306.746 0.175
202403 0.058 312.332 0.060
202406 0.031 314.175 0.032
202409 0.218 315.301 0.225
202412 0.069 315.605 0.071
202503 -0.338 319.799 -0.343
202506 -0.206 322.561 -0.207
202509 -0.209 324.800 -0.209

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 $0.15 mean?
Zynex (ZYXIQ) has a Cyclically Adjusted FCF per Share of $0.15 as of Sep. 2025. Cyclically Adjusted FCF per Share represents the company's inflation-adjusted FCF per share over a 10-year period. View historical data on Zynex and its competitors.
Is Zynex's Cyclically Adjusted FCF per Share too high?
Zynex's current Cyclically Adjusted FCF per Share is $0.15.
How does Zynex's Cyclically Adjusted FCF per Share compare to MCK and COR?
Zynex's Cyclically Adjusted FCF per Share of $0.15 can be compared against companies in the Medical Distribution 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 Medical Distribution company?
A good Cyclically Adjusted FCF per Share depends on the Medical Distribution 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 Zynex and its competitors. Zynex's current Cyclically Adjusted FCF per Share is $0.15. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Zynex stock overvalued right now?
Zynex (ZYXIQ) has a current Cyclically Adjusted FCF per Share of $0.15. The stock's GF Value™ is $5.54, compared to a current price of $0.06 — trading 99% below its estimated fair value. The current Cyclically Adjusted FCF per Share is $0.15. 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 Zynex (ZYXIQ), the current Cyclically Adjusted FCF per Share is $0.15 as of Sep. 2025. 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.

Zynex Business Description

Address 9555 Maroon Circle, Englewood, CO, USA, 80112
Zynex Inc is engaged in the manufacturing and marketing of medical devices. It operates through one primary business segment, Electrotherapy and Pain Management Products. The business activities of the company are carried out through its subsidiaries. The company designs, manufactures, and markets medical devices that treat chronic and acute pain, as well as activate and exercise muscles for rehabilitative purposes with electrical stimulation. The company operates business as one operating segment which includes two revenue types: Devices and Supplies. Its markets Zynex-manufactured products which include NexWave, NeuroMove, InWave E-Wave, and others.