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ESCO Technologies (FRA:ET7) Cyclically Adjusted Price-to-FCF : 43.20 (As of May. 21, 2024)


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What is ESCO Technologies Cyclically Adjusted Price-to-FCF?

As of today (2024-05-21), ESCO Technologies's current share price is €98.50. ESCO Technologies's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was €2.28. ESCO Technologies's Cyclically Adjusted Price-to-FCF for today is 43.20.

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

FRA:ET7' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 18.87   Med: 35.49   Max: 61.75
Current: 44.71

During the past years, ESCO Technologies's highest Cyclically Adjusted Price-to-FCF was 61.75. The lowest was 18.87. And the median was 35.49.

FRA:ET7's Cyclically Adjusted Price-to-FCF is ranked worse than
64.2% of 958 companies
in the Hardware industry
Industry Median: 29.805 vs FRA:ET7: 44.71

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.

ESCO Technologies's adjusted free cash flow per share data for the three months ended in Mar. 2024 was €-0.033. 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 €2.28 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


ESCO Technologies Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for ESCO Technologies'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.

ESCO Technologies Cyclically Adjusted Price-to-FCF Chart

ESCO Technologies Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 43.03 43.93 38.28 31.32 42.29

ESCO Technologies 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 40.70 42.50 42.29 46.71 43.37

Competitive Comparison of ESCO Technologies's Cyclically Adjusted Price-to-FCF

For the Scientific & Technical Instruments subindustry, ESCO Technologies'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.


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

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

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



ESCO Technologies 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=98.50/2.28
=43.20

* 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.

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

For example, ESCO Technologies'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)
=-0.033/131.7762*131.7762
=-0.033

Current CPI (Mar. 2024) = 131.7762.

ESCO Technologies Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.037 100.560 0.048
201409 0.458 100.428 0.601
201412 -0.188 99.070 -0.250
201503 0.407 99.621 0.538
201506 0.380 100.684 0.497
201509 1.009 100.392 1.324
201512 -0.110 99.792 -0.145
201603 0.111 100.470 0.146
201606 0.656 101.688 0.850
201609 1.103 101.861 1.427
201612 0.267 101.863 0.345
201703 0.377 102.862 0.483
201706 -0.464 103.349 -0.592
201709 0.786 104.136 0.995
201712 0.392 104.011 0.497
201803 0.208 105.290 0.260
201806 0.411 106.317 0.509
201809 1.220 106.507 1.509
201812 0.043 105.998 0.053
201903 0.038 107.251 0.047
201906 0.447 108.070 0.545
201909 1.981 108.329 2.410
201912 -0.408 108.420 -0.496
202003 0.291 108.902 0.352
202006 0.259 108.767 0.314
202009 1.201 109.815 1.441
202012 0.542 109.897 0.650
202103 0.735 111.754 0.867
202106 0.342 114.631 0.393
202109 1.184 115.734 1.348
202112 -0.479 117.630 -0.537
202203 0.408 121.301 0.443
202206 0.324 125.017 0.342
202209 3.241 125.227 3.411
202212 -0.604 125.222 -0.636
202303 -0.184 127.348 -0.190
202306 0.880 128.729 0.901
202309 1.420 129.860 1.441
202312 -0.073 129.419 -0.074
202403 -0.033 131.776 -0.033

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.


ESCO Technologies  (FRA:ET7) 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.


ESCO Technologies Cyclically Adjusted Price-to-FCF Related Terms

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


ESCO Technologies (FRA:ET7) Business Description

Industry
Traded in Other Exchanges
Address
9900A Clayton Road, Saint Louis, MO, USA, 63124-1186
ESCO Technologies Inc sells engineered products and systems for utility, industrial, aerospace, and commercial applications. The firm operates in three segments: Aerospace and Defense, Utility Solutions Group (USG) and RF Shielding and Test (Test). The Aerospace and Defense segment designs and manufactures specialty filtration and naval products. The USG segment provides diagnostic testing solutions. The Test segment provides its customers with the ability to identify, measure and contain magnetic, electromagnetic and acoustic energy.

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