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Graham (FRA:781) Cyclically Adjusted Price-to-FCF : 45.96 (As of May. 17, 2024)


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What is Graham Cyclically Adjusted Price-to-FCF?

As of today (2024-05-17), Graham's current share price is €26.20. Graham's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was €0.57. Graham's Cyclically Adjusted Price-to-FCF for today is 45.96.

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

FRA:781' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 10.61   Med: 23.29   Max: 62.51
Current: 45.84

During the past years, Graham's highest Cyclically Adjusted Price-to-FCF was 62.51. The lowest was 10.61. And the median was 23.29.

FRA:781's Cyclically Adjusted Price-to-FCF is ranked worse than
62.09% of 1034 companies
in the Industrial Products industry
Industry Median: 33.525 vs FRA:781: 45.84

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.

Graham's adjusted free cash flow per share data for the three months ended in Dec. 2023 was €0.479. 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 €0.57 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Graham Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Graham'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.

Graham Cyclically Adjusted Price-to-FCF Chart

Graham Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 22.35 24.38 21.83 11.64 20.13

Graham Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 17.02 20.13 18.94 23.75 30.04

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

For the Specialty Industrial Machinery subindustry, Graham'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.


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

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

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



Graham 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=26.20/0.57
=45.96

* 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.

Graham's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, Graham's adjusted Free Cash Flow per Share data for the three months ended in Dec. 2023 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=0.479/129.4194*129.4194
=0.479

Current CPI (Dec. 2023) = 129.4194.

Graham Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 -0.175 99.695 -0.227
201406 0.045 100.560 0.058
201409 0.289 100.428 0.372
201412 -0.148 99.070 -0.193
201503 -0.142 99.621 -0.184
201506 0.269 100.684 0.346
201509 0.363 100.392 0.468
201512 1.305 99.792 1.692
201603 -0.340 100.470 -0.438
201606 0.339 101.688 0.431
201609 -0.054 101.861 -0.069
201612 0.718 101.863 0.912
201703 0.153 102.862 0.193
201706 0.252 103.349 0.316
201709 -0.201 104.136 -0.250
201712 0.252 104.011 0.314
201803 0.260 105.290 0.320
201806 -0.008 106.317 -0.010
201809 0.418 106.507 0.508
201812 0.210 105.998 0.256
201903 -0.116 107.251 -0.140
201906 -0.453 108.070 -0.542
201909 0.225 108.329 0.269
201912 -0.265 108.420 -0.316
202003 0.396 108.902 0.471
202006 -0.423 108.767 -0.503
202009 0.141 109.815 0.166
202012 0.186 109.897 0.219
202103 -0.260 111.754 -0.301
202106 -0.612 114.631 -0.691
202109 -0.192 115.734 -0.215
202112 -0.543 117.630 -0.597
202203 1.017 121.301 1.085
202206 -0.087 125.017 -0.090
202209 -0.057 125.227 -0.059
202212 0.720 125.222 0.744
202303 0.315 127.348 0.320
202306 0.612 128.729 0.615
202309 0.128 129.860 0.128
202312 0.479 129.419 0.479

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.


Graham  (FRA:781) 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.


Graham Cyclically Adjusted Price-to-FCF Related Terms

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


Graham (FRA:781) Business Description

Industry
Traded in Other Exchanges
Address
20 Florence Avenue, Batavia, NY, USA, 14020
Graham Corporation manufactures and sells critical equipment for the energy, defense, and chemical/petrochemical industries based with emphasis on the United States. Its suite of products includes ejectors, surface condensers, turbopumps, compressors and liquid vacuum pumps, among others. For the defense industry, its equipment is used in nuclear propulsion power systems for the U.S. Navy. For the chemical and petrochemical industries, its equipment is used in fertilizer, ethylene, methanol and downstream chemical facilities. The company derives key revenue from the sale of Heat transfer equipment. It derives revenue from the US and other countries.

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