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Legrand (FRA:LRC) Cyclically Adjusted Price-to-FCF : 25.80 (As of May. 22, 2024)


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What is Legrand Cyclically Adjusted Price-to-FCF?

As of today (2024-05-22), Legrand's current share price is €101.65. Legrand's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was €3.94. Legrand's Cyclically Adjusted Price-to-FCF for today is 25.80.

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

FRA:LRC' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 18.97   Med: 25.38   Max: 33.43
Current: 25.67

During the past years, Legrand's highest Cyclically Adjusted Price-to-FCF was 33.43. The lowest was 18.97. And the median was 25.38.

FRA:LRC's Cyclically Adjusted Price-to-FCF is ranked better than
61.32% of 1034 companies
in the Industrial Products industry
Industry Median: 33.575 vs FRA:LRC: 25.67

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.

Legrand's adjusted free cash flow per share data for the three months ended in Mar. 2024 was €0.553. 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 €3.94 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Legrand Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Legrand'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.

Legrand Cyclically Adjusted Price-to-FCF Chart

Legrand Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 26.93 25.55 33.40 22.14 24.43

Legrand 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 23.54 24.44 22.97 24.43 24.94

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

For the Electrical Equipment & Parts subindustry, Legrand'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.


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

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

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



Legrand 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=101.65/3.94
=25.80

* 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.

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

For example, Legrand'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)
=0.553/119.4700*119.4700
=0.553

Current CPI (Mar. 2024) = 119.4700.

Legrand Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.648 100.180 0.773
201409 0.602 99.920 0.720
201412 0.954 99.860 1.141
201503 0.210 100.170 0.250
201506 0.695 100.440 0.827
201509 0.606 99.950 0.724
201512 0.966 100.040 1.154
201603 0.138 100.020 0.165
201606 0.576 100.630 0.684
201609 1.590 100.340 1.893
201612 0.924 100.650 1.097
201703 0.302 101.170 0.357
201706 0.535 101.320 0.631
201709 0.696 101.330 0.821
201712 1.018 101.850 1.194
201803 0.244 102.750 0.284
201806 0.596 103.370 0.689
201809 0.783 103.560 0.903
201812 1.134 103.470 1.309
201903 0.223 103.890 0.256
201906 1.146 104.580 1.309
201909 1.101 104.500 1.259
201912 1.385 104.980 1.576
202003 0.427 104.590 0.488
202006 0.457 104.790 0.521
202009 1.346 104.550 1.538
202012 1.986 104.960 2.261
202103 0.884 105.750 0.999
202106 1.208 106.340 1.357
202109 0.755 106.810 0.844
202112 0.659 107.850 0.730
202203 0.164 110.490 0.177
202206 1.024 112.550 1.087
202209 1.103 112.740 1.169
202212 1.553 114.160 1.625
202303 1.235 116.790 1.263
202306 1.798 117.650 1.826
202309 1.502 118.260 1.517
202312 1.397 118.390 1.410
202403 0.553 119.470 0.553

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.


Legrand  (FRA:LRC) 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.


Legrand Cyclically Adjusted Price-to-FCF Related Terms

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


Legrand (FRA:LRC) Business Description

Industry
Address
128, Avenue de Lattre de Tassigny, Cedex, Limoges, FRA, 87045
Legrand is a global manufacturer of low-voltage electrical components, which are mostly used in residential (40%) and nonresidential (40%) buildings. Its products include wiring devices, cable management, lighting, and audio visual equipment, sold under approximately 80 brands across 180 countries. Its products are sold primarily through specialist distributors that subsequently sell to installers/electricians. Legrand is a major supplier to global electrical equipment distributors, including Rexel and Sonepar. North America and Europe each account for 40% of group sales.

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