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Light & Wonder (FRA:TJW) Cyclically Adjusted Price-to-FCF : 37.38 (As of Jul. 03, 2025)


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What is Light & Wonder Cyclically Adjusted Price-to-FCF?

As of today (2025-07-03), Light & Wonder's current share price is €80.00. Light & Wonder's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2025 was €2.14. Light & Wonder's Cyclically Adjusted Price-to-FCF for today is 37.38.

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

FRA:TJW' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 5.39   Med: 38.69   Max: 108.13
Current: 42.85

During the past years, Light & Wonder's highest Cyclically Adjusted Price-to-FCF was 108.13. The lowest was 5.39. And the median was 38.69.

FRA:TJW's Cyclically Adjusted Price-to-FCF is ranked worse than
74.64% of 351 companies
in the Travel & Leisure industry
Industry Median: 20.88 vs FRA:TJW: 42.85

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.

Light & Wonder's adjusted free cash flow per share data for the three months ended in Mar. 2025 was €1.318. 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 €2.14 for the trailing ten years ended in Mar. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


Light & Wonder Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Light & Wonder'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.

Light & Wonder Cyclically Adjusted Price-to-FCF Chart

Light & Wonder Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 31.48 36.47 46.42 49.07 40.12

Light & Wonder 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 57.33 55.23 48.88 40.12 37.41

Competitive Comparison of Light & Wonder's Cyclically Adjusted Price-to-FCF

For the Gambling subindustry, Light & Wonder'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.


Light & Wonder's Cyclically Adjusted Price-to-FCF Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Light & Wonder's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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


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Light & Wonder 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.

Light & Wonder's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=80.00/2.14
=37.38

* 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.

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

For example, Light & Wonder'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)
=1.318/134.9266*134.9266
=1.318

Current CPI (Mar. 2025) = 134.9266.

Light & Wonder Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201506 -0.354 100.684 -0.474
201509 0.521 100.392 0.700
201512 0.732 99.792 0.990
201603 0.517 100.470 0.694
201606 0.096 101.688 0.127
201609 0.704 101.861 0.933
201612 0.191 101.863 0.253
201703 0.527 102.862 0.691
201706 0.895 103.349 1.168
201709 0.333 104.136 0.431
201712 0.361 104.011 0.468
201803 -0.523 105.290 -0.670
201806 -0.094 106.317 -0.119
201809 1.234 106.507 1.563
201812 -1.043 105.998 -1.328
201903 0.962 107.251 1.210
201906 0.285 108.070 0.356
201909 0.638 108.329 0.795
201912 1.219 108.420 1.517
202003 0.645 108.902 0.799
202006 0.122 108.767 0.151
202009 1.180 109.815 1.450
202012 1.023 109.897 1.256
202103 0.778 111.754 0.939
202106 0.942 114.631 1.109
202109 1.236 115.734 1.441
202112 1.472 117.630 1.688
202203 0.477 121.301 0.531
202206 -0.936 125.017 -1.010
202209 -4.303 125.227 -4.636
202212 -1.441 125.222 -1.553
202303 1.326 127.348 1.405
202306 -0.254 128.729 -0.266
202309 1.365 129.860 1.418
202312 1.055 129.419 1.100
202403 1.050 131.776 1.075
202406 0.545 132.554 0.555
202409 0.465 133.029 0.472
202412 1.433 133.157 1.452
202503 1.318 134.927 1.318

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.


Light & Wonder  (FRA:TJW) 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.


Light & Wonder Cyclically Adjusted Price-to-FCF Related Terms

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


Light & Wonder Business Description

Traded in Other Exchanges
Address
6601 Bermuda Road, Las Vegas, NV, USA, 89119
Light & Wonder is principally an electronic gaming machine manufacturer, selling machines to pubs, clubs, and casinos. The firm is licensed in most jurisdictions allowing gambling globally. Light & Wonder is one of the three largest players in the space along with International Game Technology and Aristocrat Leisure. SciPlay, about one fourth of revenue, develops and distributes casual mobile games, principally in the social casino niche. The more nascent iGaming business sits between these two businesses, providing digital content and capabilities to real-money gaming providers.

Light & Wonder Headlines

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