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ORIX (FRA:OIXA) Cyclically Adjusted Price-to-FCF : (As of Jun. 07, 2024)


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What is ORIX Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


ORIX Cyclically Adjusted Price-to-FCF Historical Data

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

ORIX Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Cyclically Adjusted Price-to-FCF
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ORIX Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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Competitive Comparison of ORIX's Cyclically Adjusted Price-to-FCF

For the Financial Conglomerates subindustry, ORIX'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.


ORIX's Cyclically Adjusted Price-to-FCF Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, ORIX's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



ORIX 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.

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

For example, ORIX'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)
=1.76/107.2000*107.2000
=1.760

Current CPI (Mar. 2024) = 107.2000.

ORIX Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -4.747 98.000 -5.193
201409 -4.799 98.500 -5.223
201412 -4.312 97.900 -4.722
201503 -6.385 97.900 -6.992
201506 -5.966 98.400 -6.500
201509 -2.239 98.500 -2.437
201512 -3.138 98.100 -3.429
201603 -5.063 97.900 -5.544
201606 -2.797 98.100 -3.056
201609 -1.065 98.000 -1.165
201612 -4.065 98.400 -4.429
201703 -4.978 98.100 -5.440
201706 -5.730 98.500 -6.236
201709 -4.656 98.800 -5.052
201712 -3.075 99.400 -3.316
201803 -1.076 99.200 -1.163
201806 -3.811 99.200 -4.118
201809 -4.917 99.900 -5.276
201812 -4.228 99.700 -4.546
201903 -1.368 99.700 -1.471
201906 -1.446 99.800 -1.553
201909 3.940 100.100 4.219
201912 -3.624 100.500 -3.866
202003 2.913 100.300 3.113
202006 0.669 99.900 0.718
202009 5.156 99.900 5.533
202012 1.518 99.300 1.639
202103 3.613 99.900 3.877
202106 1.101 99.500 1.186
202109 3.774 100.100 4.042
202112 -1.861 100.100 -1.993
202203 2.873 101.100 3.046
202206 -7.551 101.800 -7.952
202209 1.191 103.100 1.238
202212 0.531 104.100 0.547
202303 0.902 104.400 0.926
202306 -3.468 105.200 -3.534
202309 1.570 106.200 1.585
202312 1.165 106.800 1.169
202403 1.760 107.200 1.760

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.


ORIX  (FRA:OIXA) 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.


ORIX Cyclically Adjusted Price-to-FCF Related Terms

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


ORIX (FRA:OIXA) Business Description

Address
2-4-1 Hamamatsu-cho, World Trade Center Building, South Tower, Minato-ku, Tokyo, JPN, 105-5135
ORIX Corp is a diversified financial services company with operations in Corporate Financial Services, Maintenance Leasing, Real Estate, PE Investment and Concession, Environment and Energy, Insurance, Banking and Credit, Aircraft and Ships, ORIX USA, ORIX Europe, Asia and Australia and engages in various other fee businesses by providing products and services aligned with customer needs to its core customer base of domestic small and medium-sized enterprises. Orix's numerous divisions finance leases of large-ticket items like ships, airplanes, and technology equipment.

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