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Circuit Research Labs (Circuit Research Labs) Cyclically Adjusted Price-to-FCF : (As of Jun. 16, 2024)


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What is Circuit Research Labs Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Circuit Research Labs Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Circuit Research Labs'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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Circuit Research Labs Cyclically Adjusted Price-to-FCF Chart

Circuit Research Labs Annual Data
Trend Dec98 Dec99 Dec00 Dec01 Dec02 Dec03 Dec04 Dec05 Dec06 Dec07
Cyclically Adjusted Price-to-FCF
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Circuit Research Labs Quarterly Data
Dec03 Mar04 Jun04 Sep04 Dec04 Mar05 Jun05 Sep05 Dec05 Mar06 Jun06 Sep06 Dec06 Mar07 Jun07 Sep07 Dec07 Mar08 Jun08 Sep08
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Competitive Comparison of Circuit Research Labs's Cyclically Adjusted Price-to-FCF

For the Communication Equipment subindustry, Circuit Research Labs'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.


Circuit Research Labs's Cyclically Adjusted Price-to-FCF Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Circuit Research Labs's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Circuit Research Labs 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.

Circuit Research Labs's Cyclically Adjusted FCF per Share for the quarter that ended in Sep. 2008 is calculated as:

For example, Circuit Research Labs's adjusted Free Cash Flow per Share data for the three months ended in Sep. 2008 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Sep. 2008 (Change)*Current CPI (Sep. 2008)
=0.002/92.3069*92.3069
=0.002

Current CPI (Sep. 2008) = 92.3069.

Circuit Research Labs Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
199812 0.000 69.151 0.000
199903 0.084 69.615 0.111
199906 -0.004 70.122 -0.005
199909 -0.194 70.839 -0.253
199912 -0.488 71.008 -0.634
200003 -0.412 72.231 -0.527
200006 -2.115 72.737 -2.684
200009 -0.067 73.286 -0.084
200012 1.608 73.413 2.022
200103 -0.020 74.341 -0.025
200106 -0.023 75.100 -0.028
200109 0.036 75.227 0.044
200112 0.044 74.552 0.054
200203 -0.018 75.438 -0.022
200206 0.042 75.902 0.051
200209 0.043 76.366 0.052
200212 -0.068 76.324 -0.082
200303 -0.037 77.716 -0.044
200306 0.114 77.505 0.136
200309 0.059 78.138 0.070
200312 -0.126 77.758 -0.150
200403 0.063 79.066 0.074
200406 -0.024 80.037 -0.028
200409 0.113 80.121 0.130
200412 -0.027 80.290 -0.031
200503 0.135 81.555 0.153
200506 0.024 82.062 0.027
200509 0.017 83.876 0.019
200512 0.013 83.032 0.014
200603 0.022 84.298 0.024
200606 -0.010 85.606 -0.011
200609 0.015 85.606 0.016
200612 0.052 85.142 0.056
200703 0.019 86.640 0.020
200706 0.022 87.906 0.023
200709 -0.021 87.964 -0.022
200712 -0.017 88.616 -0.018
200803 0.010 90.090 0.010
200806 0.030 92.320 0.030
200809 0.002 92.307 0.002

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.


Circuit Research Labs  (OTCPK:CRLI) 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.


Circuit Research Labs Cyclically Adjusted Price-to-FCF Related Terms

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Circuit Research Labs (Circuit Research Labs) Business Description

Industry
Traded in Other Exchanges
N/A
Address
7970 S. Kyrene Road, Tempe, AZ, USA, 85282
Website
Circuit Research Labs Inc develops manufactures and markets electronic audio processing, transmission encoding and noise reduction equipment for the radio, television, cable, Internet and professional audio markets.

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