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Lumentum Holdings (FRA:LU2) Cyclically Adjusted Price-to-FCF : 30.97 (As of Jun. 05, 2025)


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What is Lumentum Holdings Cyclically Adjusted Price-to-FCF?

As of today (2025-06-05), Lumentum Holdings's current share price is €70.62. Lumentum Holdings's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2025 was €2.28. Lumentum Holdings's Cyclically Adjusted Price-to-FCF for today is 30.97.

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

FRA:LU2' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 13.82   Med: 21.21   Max: 38.41
Current: 32.53

During the past years, Lumentum Holdings's highest Cyclically Adjusted Price-to-FCF was 38.41. The lowest was 13.82. And the median was 21.21.

FRA:LU2's Cyclically Adjusted Price-to-FCF is ranked worse than
56.96% of 1006 companies
in the Hardware industry
Industry Median: 27.365 vs FRA:LU2: 32.53

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.

Lumentum Holdings's adjusted free cash flow per share data for the three months ended in Mar. 2025 was €-0.860. 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. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


Lumentum Holdings Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Lumentum Holdings'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.

Lumentum Holdings Cyclically Adjusted Price-to-FCF Chart

Lumentum Holdings Annual Data
Trend Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - - 20.14

Lumentum Holdings Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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 19.27 20.14 25.18 33.77 24.97

Competitive Comparison of Lumentum Holdings's Cyclically Adjusted Price-to-FCF

For the Communication Equipment subindustry, Lumentum Holdings'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.


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

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

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


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Lumentum Holdings 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=70.62/2.28
=30.97

* 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.

Lumentum Holdings's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2025 is calculated as:

For example, Lumentum Holdings's adjusted Free Cash Flow per Share data for the three months ended in Mar. 2025 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=-0.86/134.9266*134.9266
=-0.860

Current CPI (Mar. 2025) = 134.9266.

Lumentum Holdings Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201506 -0.081 100.684 -0.109
201509 -0.050 100.392 -0.067
201512 0.319 99.792 0.431
201603 -0.109 100.470 -0.146
201606 -0.082 101.688 -0.109
201609 0.110 101.861 0.146
201612 -0.245 101.863 -0.325
201703 -0.296 102.862 -0.388
201706 -0.364 103.349 -0.475
201709 -0.303 104.136 -0.393
201712 1.150 104.011 1.492
201803 0.928 105.290 1.189
201806 0.233 106.317 0.296
201809 0.370 106.507 0.469
201812 1.013 105.998 1.289
201903 0.188 107.251 0.237
201906 0.487 108.070 0.608
201909 0.770 108.329 0.959
201912 1.576 108.420 1.961
202003 1.568 108.902 1.943
202006 1.167 108.767 1.448
202009 0.851 109.815 1.046
202012 1.094 109.897 1.343
202103 3.875 111.754 4.678
202106 1.129 114.631 1.329
202109 0.496 115.734 0.578
202112 2.120 117.630 2.432
202203 0.707 121.301 0.786
202206 1.134 125.017 1.224
202209 -0.031 125.227 -0.033
202212 0.760 125.222 0.819
202303 -0.197 127.348 -0.209
202306 0.174 128.729 0.182
202309 -0.886 129.860 -0.921
202312 -0.443 129.419 -0.462
202403 -0.376 131.776 -0.385
202406 0.149 132.554 0.152
202409 -0.455 133.029 -0.461
202412 -0.220 133.157 -0.223
202503 -0.860 134.927 -0.860

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.


Lumentum Holdings  (FRA:LU2) 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.


Lumentum Holdings Cyclically Adjusted Price-to-FCF Related Terms

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


Lumentum Holdings Business Description

Industry
Traded in Other Exchanges
Address
1001 Ridder Park Drive, San Jose, CA, USA, 95131
Lumentum Holdings Inc is a California-based technology firm. The company provides two types of optical and photonic products: optical components that are used in telecommunications networking equipment, and commercial lasers for manufacturing, inspection, and life-science lab uses. Its segments are Optical Communications and Commercial Lasers. The firm is also expanding into new optical applications, such as 3-D sensing laser diode for consumer electronics. It generates maximum revenue from the OpComms segment. The OpComms segment products include a wide range of components, modules, and subsystems to support customers including carrier networks for access (local), metro (intracity), long-haul, and submarine (undersea) applications.

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