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Ferguson (CHIX:FERGL) Cyclically Adjusted Price-to-FCF : 26.11 (As of Jun. 20, 2024)


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What is Ferguson Cyclically Adjusted Price-to-FCF?

As of today (2024-06-20), Ferguson's current share price is £157.95. Ferguson's Cyclically Adjusted FCF per Share for the quarter that ended in Apr. 2024 was £6.05. Ferguson's Cyclically Adjusted Price-to-FCF for today is 26.11.

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

CHIX:FERGl' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 21.03   Med: 27.5   Max: 70.01
Current: 27.09

During the past years, Ferguson's highest Cyclically Adjusted Price-to-FCF was 70.01. The lowest was 21.03. And the median was 27.50.

CHIX:FERGl's Cyclically Adjusted Price-to-FCF is ranked worse than
52.44% of 82 companies
in the Industrial Distribution industry
Industry Median: 24.445 vs CHIX:FERGl: 27.09

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.

Ferguson's adjusted free cash flow per share data for the three months ended in Apr. 2024 was £2.253. 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 £6.05 for the trailing ten years ended in Apr. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Ferguson Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Ferguson'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.

Ferguson Cyclically Adjusted Price-to-FCF Chart

Ferguson Annual Data
Trend Jul14 Jul15 Jul16 Jul17 Jul18 Jul19 Jul20 Jul21 Jul22 Jul23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - 27.36 26.27 22.63

Ferguson Quarterly Data
Jul18 Jan19 Jul19 Jan20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24
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 22.48 22.63 20.43 26.44 28.12

Competitive Comparison of Ferguson's Cyclically Adjusted Price-to-FCF

For the Industrial Distribution subindustry, Ferguson'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.


Ferguson's Cyclically Adjusted Price-to-FCF Distribution in the Industrial Distribution Industry

For the Industrial Distribution industry and Industrials sector, Ferguson's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Ferguson 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=157.95/6.05
=26.11

* 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.

Ferguson's Cyclically Adjusted FCF per Share for the quarter that ended in Apr. 2024 is calculated as:

For example, Ferguson's adjusted Free Cash Flow per Share data for the three months ended in Apr. 2024 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Apr. 2024 (Change)*Current CPI (Apr. 2024)
=2.253/131.6000*131.6000
=2.253

Current CPI (Apr. 2024) = 131.6000.

Ferguson Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
200807 0.000 86.600 0.000
200901 0.000 86.600 0.000
200907 0.000 88.000 0.000
201001 0.000 88.800 0.000
201007 0.000 90.000 0.000
201101 0.000 91.800 0.000
201107 0.000 93.500 0.000
201201 0.000 94.700 0.000
201207 0.000 95.700 0.000
201301 0.000 97.000 0.000
201307 0.000 98.000 0.000
201401 0.000 98.700 0.000
201407 0.000 99.600 0.000
201501 0.000 99.200 0.000
201507 0.000 100.000 0.000
201601 0.000 99.900 0.000
201607 0.000 100.900 0.000
201701 0.000 101.800 0.000
201707 0.000 103.500 0.000
201801 0.000 104.500 0.000
201807 0.000 105.900 0.000
201901 0.000 106.400 0.000
201907 0.000 108.000 0.000
202001 0.000 108.300 0.000
202007 0.000 109.200 0.000
202010 0.457 109.200 0.551
202101 0.241 109.300 0.290
202104 1.301 110.400 1.551
202107 1.709 111.400 2.019
202110 -0.207 113.400 -0.240
202201 0.567 114.600 0.651
202204 1.344 119.000 1.486
202207 1.455 121.200 1.580
202210 1.694 124.300 1.793
202301 2.068 124.800 2.181
202304 1.995 128.300 2.046
202307 3.182 129.000 3.246
202310 1.870 130.200 1.890
202401 0.791 130.000 0.801
202404 2.253 131.600 2.253

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.


Ferguson  (CHIX:FERGl) 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.


Ferguson Cyclically Adjusted Price-to-FCF Related Terms

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


Ferguson (CHIX:FERGL) Business Description

Traded in Other Exchanges
Address
1020 Eskdale Road, Winnersh Triangle, Wokingham, Berkshire, GBR, RG41 5TS
Ferguson distributes plumbing and HVAC products primarily to repair, maintenance and improvement, new construction, and civil infrastructure markets. It serves over 1 million customers and sources products from 37,000 suppliers. Ferguson engages customers through approximately 1,700 North American branches, over the phone, online, and in residential showrooms. In fiscal 2023, Ferguson derived 95% of its nearly $30 billion of sales in the U.S. According to Modern Distribution Management, Ferguson is the largest industrial and construction distributor in North America. The firm sold its U.K. business in 2021 and is now solely focused on the North American market.

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