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transtec AG (FRA:TTC) Cyclically Adjusted Price-to-FCF : (As of Jun. 22, 2024)


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What is transtec AG Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


transtec AG Cyclically Adjusted Price-to-FCF Historical Data

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

transtec AG Annual Data
Trend Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15
Cyclically Adjusted Price-to-FCF
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transtec AG Semi-Annual Data
Dec05 Dec06 Dec07 Dec08 Jun09 Dec09 Jun10 Dec10 Jun11 Dec11 Jun12 Dec12 Jun13 Dec13 Jun14 Dec14 Jun15 Dec15 Jun16
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Competitive Comparison of transtec AG's Cyclically Adjusted Price-to-FCF

For the Computer Hardware subindustry, transtec AG'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.


transtec AG's Cyclically Adjusted Price-to-FCF Distribution in the Hardware Industry

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

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



transtec AG 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.

transtec AG's Cyclically Adjusted FCF per Share for the fiscal year that ended in Dec15 is calculated as:

For example, transtec AG's adjusted Free Cash Flow per Share data for the fiscal year that ended in Dec15 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Dec15 (Change)*Current CPI (Dec15)
=-0.803/99.7166*99.7166
=-0.803

Current CPI (Dec15) = 99.7166.

transtec AG Annual Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
200612 -0.558 88.348 -0.630
200712 0.991 91.146 1.084
200812 -0.008 92.173 -0.009
200912 0.342 92.919 0.367
201012 -0.573 94.132 -0.607
201112 -0.129 95.998 -0.134
201212 0.068 97.957 0.069
201312 0.358 99.356 0.359
201412 -0.913 99.543 -0.915
201512 -0.803 99.717 -0.803

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.


transtec AG  (FRA:TTC) 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.


transtec AG Cyclically Adjusted Price-to-FCF Related Terms

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transtec AG (FRA:TTC) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Hardware » transtec AG (FRA:TTC) » Definitions » Cyclically Adjusted Price-to-FCF
Traded in Other Exchanges
N/A
Address
Waldhoernlestr 18, Tuebingen, DEU, D-72072
transtec AG is engaged in the development, production, and distribution of data processing systems in Europe. The Company provides servers, systems, storage products, and cluster and SAN-solutions.