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Armstrong World Industries (BSP:AWII34) Cyclically Adjusted Price-to-FCF : 57.74 (As of Jun. 05, 2024)


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What is Armstrong World Industries Cyclically Adjusted Price-to-FCF?

As of today (2024-06-05), Armstrong World Industries's current share price is R$615.49. Armstrong World Industries's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was R$10.66. Armstrong World Industries's Cyclically Adjusted Price-to-FCF for today is 57.74.

The historical rank and industry rank for Armstrong World Industries's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

BSP:AWII34' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 17.66   Med: 49.32   Max: 119.61
Current: 53.05

During the past years, Armstrong World Industries's highest Cyclically Adjusted Price-to-FCF was 119.61. The lowest was 17.66. And the median was 49.32.

BSP:AWII34's Cyclically Adjusted Price-to-FCF is ranked worse than
84.05% of 583 companies
in the Construction industry
Industry Median: 17.91 vs BSP:AWII34: 53.05

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.

Armstrong World Industries's adjusted free cash flow per share data for the three months ended in Mar. 2024 was R$1.321. Add all the adjusted free cash flow per share for the past 10 years together and divide 10 will get our Cyclically Adjusted FCF per Share, which is R$10.66 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Armstrong World Industries Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Armstrong World Industries'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.

* Premium members only.

Armstrong World Industries Cyclically Adjusted Price-to-FCF Chart

Armstrong World Industries Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 105.07 71.10 93.09 45.20 51.55

Armstrong World Industries Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Cyclically Adjusted Price-to-FCF 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 42.01 41.68 40.84 51.55 57.91

Competitive Comparison of Armstrong World Industries's Cyclically Adjusted Price-to-FCF

For the Building Products & Equipment subindustry, Armstrong World Industries'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.


Armstrong World Industries's Cyclically Adjusted Price-to-FCF Distribution in the Construction Industry

For the Construction industry and Industrials sector, Armstrong World Industries's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Armstrong World Industries 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.

Armstrong World Industries's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=615.49/10.66
=57.74

* 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.

Armstrong World Industries's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Armstrong World Industries's adjusted Free Cash Flow per Share data for the three months ended in Mar. 2024 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=1.321/131.7762*131.7762
=1.321

Current CPI (Mar. 2024) = 131.7762.

Armstrong World Industries Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -0.271 100.560 -0.355
201409 1.706 100.428 2.239
201412 1.235 99.070 1.643
201503 -3.401 99.621 -4.499
201506 3.513 100.684 4.598
201509 3.114 100.392 4.088
201512 -0.987 99.792 -1.303
201603 -6.219 100.470 -8.157
201606 -0.935 101.688 -1.212
201609 1.772 101.861 2.292
201612 1.432 101.863 1.853
201703 -0.844 102.862 -1.081
201706 0.755 103.349 0.963
201709 2.582 104.136 3.267
201712 2.384 104.011 3.020
201803 0.963 105.290 1.205
201806 3.413 106.317 4.230
201809 4.346 106.507 5.377
201812 1.010 105.998 1.256
201903 -0.008 107.251 -0.010
201906 1.548 108.070 1.888
201909 4.785 108.329 5.821
201912 2.836 108.420 3.447
202003 1.395 108.902 1.688
202006 5.026 108.767 6.089
202009 6.210 109.815 7.452
202012 5.155 109.897 6.181
202103 0.751 111.754 0.886
202106 4.684 114.631 5.385
202109 4.285 115.734 4.879
202112 2.067 117.630 2.316
202203 0.496 121.301 0.539
202206 3.297 125.017 3.475
202209 4.265 125.227 4.488
202212 4.023 125.222 4.234
202303 0.446 127.348 0.462
202306 4.153 128.729 4.251
202309 7.076 129.860 7.180
202312 4.811 129.419 4.899
202403 1.321 131.776 1.321

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.


Armstrong World Industries  (BSP:AWII34) 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.


Armstrong World Industries Cyclically Adjusted Price-to-FCF Related Terms

Thank you for viewing the detailed overview of Armstrong World Industries's Cyclically Adjusted Price-to-FCF provided by GuruFocus.com. Please click on the following links to see related term pages.


Armstrong World Industries (BSP:AWII34) Business Description

Traded in Other Exchanges
Address
2500 Columbia Avenue, Lancaster, PA, USA, 17603
Armstrong World Industries Inc is engaged in the design, innovation and manufacture of ceiling and wall solutions in the Americas. The products include mineral fiber, fiberglass wool, metal, wood, wood fiber, glass-reinforced-gypsum and felt. The company also manufactures ceiling suspension system (grid) products through a joint venture with Worthington Industries, Inc. called Worthington Armstrong Venture (WAVE).

Armstrong World Industries (BSP:AWII34) Headlines

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