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Avitar (Avitar) Cyclically Adjusted Price-to-FCF : (As of May. 20, 2024)


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What is Avitar Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Avitar Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Avitar's Cyclically Adjusted Price-to-FCF 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.

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Avitar Cyclically Adjusted Price-to-FCF Chart

Avitar Annual Data
Trend Sep98 Sep99 Sep00 Sep01 Sep02 Sep03 Sep04 Sep05 Sep06 Sep07
Cyclically Adjusted Price-to-FCF
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Avitar Quarterly Data
Mar03 Jun03 Sep03 Dec03 Mar04 Jun04 Sep04 Dec04 Mar05 Jun05 Sep05 Dec05 Mar06 Jun06 Sep06 Dec06 Mar07 Jun07 Sep07 Dec07
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Competitive Comparison of Avitar's Cyclically Adjusted Price-to-FCF

For the Medical Devices subindustry, Avitar'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.


Avitar's Cyclically Adjusted Price-to-FCF Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Avitar's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Avitar Cyclically Adjusted Price-to-FCF Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted Price-to-FCF takes the Free Cash Flow per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/FCF calculation. Because it considers this 10-year average, it's often referred to as the CAPFCF Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF.

Avitar's Cyclically Adjusted FCF per Share for the fiscal year that ended in Sep07 is calculated as:

For example, Avitar's adjusted Free Cash Flow per Share data for the fiscal year that ended in Sep07 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Sep07 (Change)*Current CPI (Sep07)
=-0.091/88.4119*88.4119
=-0.091

Current CPI (Sep07) = 88.4119.

Avitar Annual Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
199809 -4.875 72.057 -5.981
199909 -6.719 73.953 -8.033
200009 -10.366 75.928 -12.070
200109 -7.743 77.904 -8.787
200209 -4.666 79.721 -5.175
200309 -1.945 81.459 -2.111
200409 -1.760 82.960 -1.876
200509 -1.443 85.647 -1.490
200609 -0.580 86.279 -0.594
200709 -0.091 88.412 -0.091

Add all the adjusted free cash flow per share together and divide 10 will get our 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.


Avitar  (OTCPK:AVTI) Cyclically Adjusted Price-to-FCF Explanation

Compared with the regular Price-to-Free-Cash-Flow, which works poorly for cyclical businesses, the Cyclically Adjusted Price-to-FCF smoothed out the fluctuations of free cash flow during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted Price-to-FCF should give similar results to regular Price-to-Free-Cash-Flow.


Avitar Cyclically Adjusted Price-to-FCF Related Terms

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Avitar (Avitar) Business Description

Traded in Other Exchanges
N/A
Address
5005 Elbow Drive SW, Suite 207, Calgary, AB, CAN, T2S 1T9
Website
Avitar Inc, through its subsidiary Avitar Technologies, develops, manufactures, and markets products for oral fluid diagnostics, disease and clinical testing, and wound treating.

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