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PACCAR (HAM:PAE) Cyclically Adjusted Price-to-FCF : 36.16 (As of Sep. 21, 2024)


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What is PACCAR Cyclically Adjusted Price-to-FCF?

As of today (2024-09-21), PACCAR's current share price is €88.59. PACCAR's Cyclically Adjusted FCF per Share for the quarter that ended in Jun. 2024 was €2.45. PACCAR's Cyclically Adjusted Price-to-FCF for today is 36.16.

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

HAM:PAE' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 32.15   Med: 46.55   Max: 75.68
Current: 38.01

During the past years, PACCAR's highest Cyclically Adjusted Price-to-FCF was 75.68. The lowest was 32.15. And the median was 46.55.

HAM:PAE's Cyclically Adjusted Price-to-FCF is ranked worse than
64.21% of 95 companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 25.43 vs HAM:PAE: 38.01

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.

PACCAR's adjusted free cash flow per share data for the three months ended in Jun. 2024 was €-0.128. 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 €2.45 for the trailing ten years ended in Jun. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


PACCAR Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for PACCAR'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.

PACCAR Cyclically Adjusted Price-to-FCF Chart

PACCAR 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 48.93 47.64 41.69 35.02 41.00

PACCAR Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
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 40.23 37.31 41.00 47.07 39.56

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

For the Farm & Heavy Construction Machinery subindustry, PACCAR'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.


PACCAR's Cyclically Adjusted Price-to-FCF Distribution in the Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, PACCAR's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



PACCAR 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=88.59/2.45
=36.16

* 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.

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

For example, PACCAR's adjusted Free Cash Flow per Share data for the three months ended in Jun. 2024 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Jun. 2024 (Change)*Current CPI (Jun. 2024)
=-0.128/132.5538*132.5538
=-0.128

Current CPI (Jun. 2024) = 132.5538.

PACCAR Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201409 0.500 100.428 0.660
201412 0.142 99.070 0.190
201503 0.139 99.621 0.185
201506 0.457 100.684 0.602
201509 0.361 100.392 0.477
201512 0.450 99.792 0.598
201603 0.645 100.470 0.851
201606 0.594 101.688 0.774
201609 -1.155 101.861 -1.503
201612 0.520 101.863 0.677
201703 0.320 102.862 0.412
201706 0.148 103.349 0.190
201709 0.333 104.136 0.424
201712 0.623 104.011 0.794
201803 0.230 105.290 0.290
201806 0.210 106.317 0.262
201809 0.381 106.507 0.474
201812 0.881 105.998 1.102
201903 -0.046 107.251 -0.057
201906 0.520 108.070 0.638
201909 0.369 108.329 0.452
201912 0.689 108.420 0.842
202003 -0.053 108.902 -0.065
202006 1.092 108.767 1.331
202009 0.734 109.815 0.886
202012 0.455 109.897 0.549
202103 0.288 111.754 0.342
202106 -0.166 114.631 -0.192
202109 -0.156 115.734 -0.179
202112 0.974 117.630 1.098
202203 0.157 121.301 0.172
202206 0.484 125.017 0.513
202209 0.653 125.227 0.691
202212 1.695 125.222 1.794
202303 0.700 127.348 0.729
202306 1.238 128.729 1.275
202309 1.797 129.860 1.834
202312 1.436 129.419 1.471
202403 1.953 131.776 1.965
202406 -0.128 132.554 -0.128

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.


PACCAR  (HAM:PAE) 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.


PACCAR Cyclically Adjusted Price-to-FCF Related Terms

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


PACCAR Business Description

Address
777-106th Avenue N.E., Bellevue, WA, USA, 98004
Paccar is a leading manufacturer of medium- and heavy-duty trucks under the premium brands Kenworth and Peterbilt, which are primarily sold in the NAFTA region and Australia, and DAF trucks, which are sold in Europe and South America. The company's trucks are sold through over 2,300 independent dealers globally. Paccar Financial Services provides retail and wholesale financing for customers and dealers, respectively. The company commands approximately 30% of the Class 8 market share in North America and 17% of the heavy-duty market share in Europe.

PACCAR Headlines

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