Keystone Positive Change Investment Trust (LSE:KPC) Cyclically Adjusted Price-to-FCF : 11.47 (As of May. 31, 2024)

Keystone Positive Change Investment Trust Cyclically Adjusted Price-to-FCF Chart

Keystone Positive Change Investment Trust Annual Data
	Trend	Sep14	Sep15	Sep16	Sep17	Sep18	Sep19	Sep20	Sep21	Sep22	Sep23
Cyclically Adjusted Price-to-FCF		Get a 7-Day Free Trial					21.34	15.42	18.23	10.04	10.66

Keystone Positive Change Investment Trust Semi-Annual Data
	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
Cyclically Adjusted Price-to-FCF	Get a 7-Day Free Trial															-	10.04	-	10.66	-

Competitive Comparison of Keystone Positive Change Investment Trust's Cyclically Adjusted Price-to-FCF

For the Asset Management subindustry, Keystone Positive Change Investment Trust'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.

Keystone Positive Change Investment Trust's Cyclically Adjusted Price-to-FCF Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Keystone Positive Change Investment Trust's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Keystone Positive Change Investment Trust's Cyclically Adjusted Price-to-FCF falls into.

Keystone Positive Change Investment Trust 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.

Keystone Positive Change Investment Trust's Cyclically Adjusted Price-to-FCF for today is calculated as

* 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.

Keystone Positive Change Investment Trust's Cyclically Adjusted FCF per Share for the fiscal year that ended in Sep23 is calculated as:

For example, Keystone Positive Change Investment Trust's adjusted Free Cash Flow per Share data for the fiscal year that ended in Sep23 was:

Current CPI (Sep23) = 130.1000.

Keystone Positive Change Investment Trust Annual Data

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.

Keystone Positive Change Investment Trust  (LSE:KPC) 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.

Keystone Positive Change Investment Trust Cyclically Adjusted Price-to-FCF Related Terms

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Keystone Positive Change Investment Trust (LSE:KPC) Business Description