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Spectra Systems (LSE:SPSY) Cyclically Adjusted Price-to-FCF : 22.22 (As of Jun. 05, 2025)


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What is Spectra Systems Cyclically Adjusted Price-to-FCF?

As of today (2025-06-05), Spectra Systems's current share price is £2.00. Spectra Systems's Cyclically Adjusted FCF per Share for the fiscal year that ended in Dec24 was £0.09. Spectra Systems's Cyclically Adjusted Price-to-FCF for today is 22.22.

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

LSE:SPSY' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 21.78   Med: 51.67   Max: 202
Current: 22.81

During the past 13 years, Spectra Systems's highest Cyclically Adjusted Price-to-FCF was 202.00. The lowest was 21.78. And the median was 51.67.

LSE:SPSY's Cyclically Adjusted Price-to-FCF is ranked better than
58.04% of 703 companies
in the Software industry
Industry Median: 30.14 vs LSE:SPSY: 22.81

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.

Spectra Systems's adjusted free cash flow per share data of for the fiscal year that ended in Dec24 was £0.137. 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 £0.09 for the trailing ten years ended in Dec24.

Shiller PE for Stocks: The True Measure of Stock Valuation


Spectra Systems Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Spectra Systems'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.

Spectra Systems Cyclically Adjusted Price-to-FCF Chart

Spectra Systems 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 95.73 52.25 32.50 34.02 26.29

Spectra Systems 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 32.50 - 34.02 - 26.29

Competitive Comparison of Spectra Systems's Cyclically Adjusted Price-to-FCF

For the Software - Application subindustry, Spectra Systems'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.


Spectra Systems's Cyclically Adjusted Price-to-FCF Distribution in the Software Industry

For the Software industry and Technology sector, Spectra Systems's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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


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Spectra Systems 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=2.00/0.09
=22.22

* 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.

Spectra Systems's Cyclically Adjusted FCF per Share for the fiscal year that ended in Dec24 is calculated as:

For example, Spectra Systems'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)
=0.137/133.1571*133.1571
=0.137

Current CPI (Dec24) = 133.1571.

Spectra Systems Annual Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201512 -0.017 99.792 -0.023
201612 0.038 101.863 0.050
201712 0.065 104.011 0.083
201812 0.068 105.998 0.085
201912 0.079 108.420 0.097
202012 0.072 109.897 0.087
202112 0.119 117.630 0.135
202212 0.114 125.222 0.121
202312 0.114 129.419 0.117
202412 0.137 133.157 0.137

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.


Spectra Systems  (LSE:SPSY) 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.


Spectra Systems Cyclically Adjusted Price-to-FCF Related Terms

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


Spectra Systems Business Description

Industry
Traded in Other Exchanges
N/A
Address
40 Westminster Street, 2nd Floor, Providence, RI, USA, 02903
Spectra Systems Corp manufactures, and markets technology-based products used to authenticate and process banknotes and also offers secure software products for gaming. The company has divided its business into Authentication Systems, Security Printing, and Banknote Cleaning. The company derives maximum revenue from Authentication Systems that involve the hardware, software, and materials related to the authentication of banknotes, tax stamps, and other high-value goods.

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