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Impax Environmental Markets (LSE:IEM) Cyclically Adjusted Price-to-FCF : 122.67 (As of Jun. 01, 2025)


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What is Impax Environmental Markets Cyclically Adjusted Price-to-FCF?

As of today (2025-06-01), Impax Environmental Markets's current share price is £3.68. Impax Environmental Markets's Cyclically Adjusted FCF per Share for the fiscal year that ended in Dec24 was £0.03. Impax Environmental Markets's Cyclically Adjusted Price-to-FCF for today is 122.67.

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

LSE:IEM' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 15.83   Med: 55.84   Max: 201.25
Current: 132.21

During the past 13 years, Impax Environmental Markets's highest Cyclically Adjusted Price-to-FCF was 201.25. The lowest was 15.83. And the median was 55.84.

LSE:IEM's Cyclically Adjusted Price-to-FCF is ranked worse than
90.38% of 499 companies
in the Asset Management industry
Industry Median: 19.23 vs LSE:IEM: 132.21

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.

Impax Environmental Markets's adjusted free cash flow per share data of for the fiscal year that ended in Dec24 was £0.032. 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 £0.03 for the trailing ten years ended in Dec24.

Shiller PE for Stocks: The True Measure of Stock Valuation


Impax Environmental Markets Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Impax Environmental Markets'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.

Impax Environmental Markets Cyclically Adjusted Price-to-FCF Chart

Impax Environmental Markets 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 81.60 108.68 99.26 203.92 138.32

Impax Environmental Markets Semi-Annual Data
Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24
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 99.26 - 203.92 - 138.32

Competitive Comparison of Impax Environmental Markets's Cyclically Adjusted Price-to-FCF

For the Asset Management subindustry, Impax Environmental Markets'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.


Impax Environmental Markets's Cyclically Adjusted Price-to-FCF Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Impax Environmental Markets's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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


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Impax Environmental Markets 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.

Impax Environmental Markets's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=3.68/0.03
=122.67

* 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.

Impax Environmental Markets's Cyclically Adjusted FCF per Share for the fiscal year that ended in Dec24 is calculated as:

For example, Impax Environmental Markets's adjusted Free Cash Flow per Share data for the fiscal year that ended in Dec24 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Dec24 (Change)*Current CPI (Dec24)
=0.032/135.1000*135.1000
=0.032

Current CPI (Dec24) = 135.1000.

Impax Environmental Markets Annual Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201512 0.090 100.400 0.121
201612 0.007 102.200 0.009
201712 0.013 105.000 0.017
201812 0.009 107.100 0.011
201912 0.020 108.500 0.025
202012 0.004 109.400 0.005
202112 0.010 114.700 0.012
202212 0.017 125.300 0.018
202312 0.027 130.500 0.028
202412 0.032 135.100 0.032

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.


Impax Environmental Markets  (LSE:IEM) 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.


Impax Environmental Markets Cyclically Adjusted Price-to-FCF Related Terms

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


Impax Environmental Markets Business Description

Traded in Other Exchanges
Address
140 Aldersgate Street, 4th Floor, London, GBR, EC1A 4HY
Impax Environmental Markets PLC is an investment trust company that is engaged in portfolio management. The company's investment objective is to enable investors to benefit from growth in the markets for cleaner or more efficient delivery of basic services of energy, water, and waste. It invests in quoted companies that provide, utilize, implement, or advise upon technology-based systems, products, or services in environmental markets, particularly those of alternative energy and energy efficiency, water treatment and pollution control, and waste technology and resource management.

Impax Environmental Markets Headlines

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