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Keysight Technologies (Keysight Technologies) Cyclically Adjusted Price-to-FCF : 34.06 (As of Apr. 30, 2024)


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What is Keysight Technologies Cyclically Adjusted Price-to-FCF?

As of today (2024-04-30), Keysight Technologies's current share price is $150.21. Keysight Technologies's Cyclically Adjusted FCF per Share for the quarter that ended in Jan. 2024 was $4.41. Keysight Technologies's Cyclically Adjusted Price-to-FCF for today is 34.06.

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

KEYS' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 28.14   Med: 38.12   Max: 46.38
Current: 33.71

During the past years, Keysight Technologies's highest Cyclically Adjusted Price-to-FCF was 46.38. The lowest was 28.14. And the median was 38.12.

KEYS's Cyclically Adjusted Price-to-FCF is ranked worse than
56.25% of 960 companies
in the Hardware industry
Industry Median: 28.155 vs KEYS: 33.71

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.

Keysight Technologies's adjusted free cash flow per share data for the three months ended in Jan. 2024 was $1.597. 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 $4.41 for the trailing ten years ended in Jan. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Keysight Technologies Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Keysight Technologies'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.

Keysight Technologies Cyclically Adjusted Price-to-FCF Chart

Keysight Technologies Annual Data
Trend Oct14 Oct15 Oct16 Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - 44.20 28.01

Keysight Technologies Quarterly Data
Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24
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 44.67 34.68 38.00 28.01 34.78

Competitive Comparison of Keysight Technologies's Cyclically Adjusted Price-to-FCF

For the Scientific & Technical Instruments subindustry, Keysight Technologies'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.


Keysight Technologies's Cyclically Adjusted Price-to-FCF Distribution in the Hardware Industry

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

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



Keysight Technologies 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=150.21/4.41
=34.06

* 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.

Keysight Technologies's Cyclically Adjusted FCF per Share for the quarter that ended in Jan. 2024 is calculated as:

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

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Jan. 2024 (Change)*Current CPI (Jan. 2024)
=1.597/129.4194*129.4194
=1.597

Current CPI (Jan. 2024) = 129.4194.

Keysight Technologies Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201404 0.701 100.023 0.907
201407 0.414 100.520 0.533
201410 1.096 100.176 1.416
201501 0.453 98.604 0.595
201504 0.304 99.824 0.394
201507 0.581 100.691 0.747
201510 0.322 100.346 0.415
201601 0.337 99.957 0.436
201604 0.517 100.947 0.663
201607 0.314 101.524 0.400
201610 0.744 101.988 0.944
201701 0.572 102.456 0.723
201704 0.179 103.167 0.225
201707 0.430 103.278 0.539
201710 0.239 104.070 0.297
201801 0.778 104.578 0.963
201804 0.405 105.708 0.496
201807 -0.010 106.324 -0.012
201810 1.052 106.695 1.276
201901 1.100 106.200 1.341
201904 1.005 107.818 1.206
201907 1.277 108.250 1.527
201910 1.220 108.577 1.454
202001 0.864 108.841 1.027
202004 1.455 108.173 1.741
202007 0.795 109.318 0.941
202010 1.647 109.861 1.940
202101 1.420 110.364 1.665
202104 1.973 112.673 2.266
202107 1.167 115.183 1.311
202110 1.578 116.696 1.750
202201 0.989 118.619 1.079
202204 1.339 121.978 1.421
202207 1.061 125.002 1.098
202210 1.868 125.734 1.923
202301 1.700 126.223 1.743
202304 2.067 127.992 2.090
202307 1.095 128.974 1.099
202310 1.899 129.810 1.893
202401 1.597 129.419 1.597

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.


Keysight Technologies  (NYSE:KEYS) 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.


Keysight Technologies Cyclically Adjusted Price-to-FCF Related Terms

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


Keysight Technologies (Keysight Technologies) Business Description

Industry
Traded in Other Exchanges
Address
1400 Fountaingrove Parkway, Santa Rosa, CA, USA, 95403-1738
Keysight Technologies is a leader in the field of testing and measurement, helping electronics OEMs and suppliers alike bring products to market to fit industry standards and specifications. Keysight specializes in the communications market, but also supplies into the government, automotive, industrial, and semiconductor manufacturing markets. Keysight's solutions include testing tools, analytical software, and services. The firm's stated objective is to reduce time to market and improve efficiency at its more than 30,000 customers.
Executives
Ronald S. Nersesian director, officer: CEO 5301 STEVENS CREEK BLVD., MS 1A-LC, SANTA CLARA CA 95051
Kailash Narayanan officer: SVP 1400 FOUNTAINGROVE PARKWAY, SANTA ROSA CA 95403
Neil Dougherty officer: SVP & CFO 1400 FOUNTAINGROVE PARKWAY, SANTA ROSA CA 95403
Huei Sin Ee officer: SVP 1400 FOUNTAINGROVE PARKWAY, SANTA ROSA CA 95403
John Page officer: SVP 1400 FOUNTAINGROVE PARKWAY, SANTA ROSA CA 95403
Jeffrey K Li officer: SVP and Secretary 1400 FOUNTAINGROVE PKWY, SANTA ROSA CA 95403
Soon Chai Gooi officer: SVP 5301 STEVENS CREEK BLVD., SANTA CLARA CA 95051
James Cullen director 5301 STEVENS CREEK BLVD, MS 1A-LC, SANTA CLARA CA 95051
Satish Dhanasekaran officer: SVP 1400 FOUNTAINGROVE PARKWAY, SANTA ROSA CA 95403
Lisa M. Poole officer: VP and Controller 1400 FOUNTAINGROVE PARKWAY, SANTA ROSA CA 95403
Richard P Hamada director 2211 S 47TH ST, PHOENIX AZ 85034
Kevin A Stephens director 1220 AUGUSTA DRIVE, SUITE 600, HOUSTON TX 77057
Charles J Dockendorff director COVIDIEN LTD., 15 HAMPSHIRE STREET, MANSFIELD MA 02048
Ingrid A Estrada officer: SVP 1400 FOUNTAINGROVE PARKWAY, SANTA ROSA CA 95403
John C. Skinner officer: VP & Controller 1400 FOUNTAINGROVE PARKWAY, SANTA ROSA CA 95403