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EXFO (EXFO) Cyclically Adjusted Price-to-FCF : (As of May. 05, 2024)


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What is EXFO Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


EXFO Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for EXFO'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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EXFO Cyclically Adjusted Price-to-FCF Chart

EXFO Annual Data
Trend Aug11 Aug12 Aug13 Aug14 Aug15 Aug16 Aug17 Aug18 Aug19 Aug20
Cyclically Adjusted Price-to-FCF
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EXFO Quarterly Data
Aug16 Nov16 Feb17 May17 Aug17 Nov17 Feb18 May18 Aug18 Nov18 Feb19 May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21
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Competitive Comparison of EXFO's Cyclically Adjusted Price-to-FCF

For the Communication Equipment subindustry, EXFO'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.


EXFO's Cyclically Adjusted Price-to-FCF Distribution in the Hardware Industry

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

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



EXFO 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.

EXFO's Cyclically Adjusted FCF per Share for the quarter that ended in May. 2021 is calculated as:

For example, EXFO's adjusted Free Cash Flow per Share data for the three months ended in May. 2021 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of May. 2021 (Change)*Current CPI (May. 2021)
=-0.125/111.4037*111.4037
=-0.125

Current CPI (May. 2021) = 111.4037.

EXFO Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201108 -0.053 95.049 -0.062
201111 0.033 95.523 0.038
201202 0.112 95.760 0.130
201205 -0.066 96.471 -0.076
201208 -0.059 96.234 -0.068
201211 -0.111 96.313 -0.128
201302 -0.007 96.945 -0.008
201305 -0.002 97.182 -0.002
201308 -0.043 97.261 -0.049
201311 0.044 97.182 0.050
201402 0.032 98.051 0.036
201405 0.002 99.394 0.002
201408 0.113 99.315 0.127
201411 0.019 99.078 0.021
201502 0.062 99.078 0.070
201505 -0.057 100.263 -0.063
201508 -0.022 100.579 -0.024
201511 0.035 100.421 0.039
201602 0.264 100.421 0.293
201605 0.021 101.765 0.023
201608 0.047 101.686 0.051
201611 -0.038 101.607 -0.042
201702 0.229 102.476 0.249
201705 -0.099 103.108 -0.107
201708 0.008 103.108 0.009
201711 0.007 103.740 0.008
201802 0.073 104.688 0.078
201805 0.023 105.399 0.024
201808 -0.032 106.031 -0.034
201811 -0.097 105.478 -0.102
201902 0.301 106.268 0.316
201905 -0.121 107.927 -0.125
201908 0.091 108.085 0.094
201911 -0.154 107.769 -0.159
202002 0.090 108.559 0.092
202005 -0.331 107.532 -0.343
202008 0.224 108.243 0.231
202011 0.017 108.796 0.017
202102 0.241 109.745 0.245
202105 -0.125 111.404 -0.125

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.


EXFO  (NAS:EXFO) 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.


EXFO Cyclically Adjusted Price-to-FCF Related Terms

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EXFO (EXFO) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Hardware » EXFO Inc (NAS:EXFO) » Definitions » Cyclically Adjusted Price-to-FCF
Traded in Other Exchanges
N/A
Address
400 Godin Avenue, Quebec, QC, CAN, G1M 2K2
EXFO Inc provides technology solutions for wireless and wireline network operators across the telecom industry. The company serves the communications service providers (CSPs) and data center, cloud and webscale operators with a field test, service assurance and analytics solutions, maintenance, and management of mobile networks. It offers test and service assurance solutions for 2G, 3G, and 4G/long-term evolution wireless networks. EXFO operates across the Americas where it generates the majority of its revenues, Europe, the Middle East and Africa (EMEA), and Asia-Pacific.