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Xerox Holdings (BSP:XRXB34) Cyclically Adjusted Price-to-FCF : 3.64 (As of May. 22, 2024)


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What is Xerox Holdings Cyclically Adjusted Price-to-FCF?

As of today (2024-05-22), Xerox Holdings's current share price is R$71.54. Xerox Holdings's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was R$19.67. Xerox Holdings's Cyclically Adjusted Price-to-FCF for today is 3.64.

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

BSP:XRXB34' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 2.72   Med: 4.59   Max: 7.53
Current: 3.52

During the past years, Xerox Holdings's highest Cyclically Adjusted Price-to-FCF was 7.53. The lowest was 2.72. And the median was 4.59.

BSP:XRXB34's Cyclically Adjusted Price-to-FCF is ranked better than
96.61% of 649 companies
in the Software industry
Industry Median: 29.5 vs BSP:XRXB34: 3.52

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.

Xerox Holdings's adjusted free cash flow per share data for the three months ended in Mar. 2024 was R$-3.576. 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$19.67 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Xerox Holdings Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Xerox Holdings'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.

Xerox Holdings Cyclically Adjusted Price-to-FCF Chart

Xerox Holdings 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 7.34 5.07 4.80 3.44 4.52

Xerox Holdings 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 3.46 3.40 3.80 4.52 4.50

Competitive Comparison of Xerox Holdings's Cyclically Adjusted Price-to-FCF

For the Information Technology Services subindustry, Xerox Holdings'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.


Xerox Holdings's Cyclically Adjusted Price-to-FCF Distribution in the Software Industry

For the Software industry and Technology sector, Xerox Holdings's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Xerox Holdings 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.

Xerox Holdings's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=71.54/19.67
=3.64

* 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.

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

For example, Xerox Holdings'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)
=-3.576/131.7762*131.7762
=-3.576

Current CPI (Mar. 2024) = 131.7762.

Xerox Holdings Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 1.530 100.560 2.005
201409 3.876 100.428 5.086
201412 9.418 99.070 12.527
201503 0.201 99.621 0.266
201506 2.782 100.684 3.641
201509 3.077 100.392 4.039
201512 15.023 99.792 19.838
201603 -0.826 100.470 -1.083
201606 1.862 101.688 2.413
201609 4.328 101.861 5.599
201612 3.091 101.863 3.999
201703 0.317 102.862 0.406
201706 3.067 103.349 3.911
201709 -5.566 104.136 -7.043
201712 -2.244 104.011 -2.843
201803 2.522 105.290 3.156
201806 2.968 106.317 3.679
201809 4.104 106.507 5.078
201812 6.269 105.998 7.794
201903 3.478 107.251 4.273
201906 4.867 108.070 5.935
201909 6.044 108.329 7.352
201912 8.033 108.420 9.763
202003 3.445 108.902 4.169
202006 0.361 108.767 0.437
202009 2.234 109.815 2.681
202012 5.701 109.897 6.836
202103 2.844 111.754 3.354
202106 5.267 114.631 6.055
202109 2.355 115.734 2.681
202112 6.053 117.630 6.781
202203 1.591 121.301 1.728
202206 -3.188 125.017 -3.360
202209 -0.606 125.227 -0.638
202212 5.626 125.222 5.920
202303 2.311 127.348 2.391
202306 2.720 128.729 2.784
202309 3.481 129.860 3.532
202312 14.771 129.419 15.040
202403 -3.576 131.776 -3.576

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.


Xerox Holdings  (BSP:XRXB34) 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.


Xerox Holdings Cyclically Adjusted Price-to-FCF Related Terms

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Xerox Holdings (BSP:XRXB34) Business Description

Industry
Traded in Other Exchanges
Address
201 Merritt 7, P.O. Box 4505, Norwalk, CT, USA, 06851-1056
Xerox Holdings Corp is an original equipment manufacturing and software company. Xerox operates in one segment--design, development, and sale of printing technology and related solutions--while deriving 60% of its revenue from the U.S. and 40% from international markets. The company is an OEM of multifunction printers, or MFPs (printers that can print, copy, and scan), focusing on large enterprise markets. Apart from equipment, the company provides post-sales services like managed print services--a service that helps to bring smart servicing and efficiencies to how employers use their print/copy equipment. Xerox is attempting to enter new markets like digital print packaging solutions and printed electronics.

Xerox Holdings (BSP:XRXB34) Headlines

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