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Bechtle AG (LTS:0DPM) Cyclically Adjusted Price-to-FCF : 28.30 (As of Jun. 05, 2025)


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What is Bechtle AG Cyclically Adjusted Price-to-FCF?

As of today (2025-06-05), Bechtle AG's current share price is €39.91. Bechtle AG's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2025 was €1.41. Bechtle AG's Cyclically Adjusted Price-to-FCF for today is 28.30.

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

LTS:0DPM' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 20.93   Med: 76.74   Max: 134.42
Current: 28.21

During the past years, Bechtle AG's highest Cyclically Adjusted Price-to-FCF was 134.42. The lowest was 20.93. And the median was 76.74.

LTS:0DPM's Cyclically Adjusted Price-to-FCF is ranked better than
52.35% of 703 companies
in the Software industry
Industry Median: 30.14 vs LTS:0DPM: 28.21

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.

Bechtle AG's adjusted free cash flow per share data for the three months ended in Mar. 2025 was €-0.399. 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 €1.41 for the trailing ten years ended in Mar. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


Bechtle AG Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Bechtle AG'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.

Bechtle AG Cyclically Adjusted Price-to-FCF Chart

Bechtle AG 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 105.07 84.23 41.12 42.48 21.62

Bechtle AG Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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 44.43 37.27 31.45 21.62 24.23

Competitive Comparison of Bechtle AG's Cyclically Adjusted Price-to-FCF

For the Information Technology Services subindustry, Bechtle AG'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.


Bechtle AG's Cyclically Adjusted Price-to-FCF Distribution in the Software Industry

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

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


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Bechtle AG 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=39.91/1.41
=28.30

* 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.

Bechtle AG's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2025 is calculated as:

For example, Bechtle AG's adjusted Free Cash Flow per Share data for the three months ended in Mar. 2025 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=-0.399/127.7792*127.7792
=-0.399

Current CPI (Mar. 2025) = 127.7792.

Bechtle AG Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201506 0.082 100.417 0.104
201509 0.042 100.417 0.053
201512 0.663 99.717 0.850
201603 -0.211 100.017 -0.270
201606 0.137 100.717 0.174
201609 0.029 101.017 0.037
201612 0.140 101.217 0.177
201703 -0.249 101.417 -0.314
201706 -0.198 102.117 -0.248
201709 0.211 102.717 0.262
201712 0.133 102.617 0.166
201803 -0.050 102.917 -0.062
201806 -0.132 104.017 -0.162
201809 0.196 104.718 0.239
201812 0.654 104.217 0.802
201903 -0.312 104.217 -0.383
201906 -0.122 105.718 -0.147
201909 0.386 106.018 0.465
201912 1.137 105.818 1.373
202003 0.064 105.718 0.077
202006 0.046 106.618 0.055
202009 0.955 105.818 1.153
202012 0.930 105.518 1.126
202103 0.086 107.518 0.102
202106 0.082 108.486 0.097
202109 -0.301 109.435 -0.351
202112 1.928 110.384 2.232
202203 -1.157 113.968 -1.297
202206 -0.731 115.760 -0.807
202209 -0.379 118.818 -0.408
202212 2.545 119.345 2.725
202303 -0.290 122.402 -0.303
202306 0.439 123.140 0.456
202309 0.799 124.195 0.822
202312 1.893 123.773 1.954
202403 0.211 125.038 0.216
202406 0.580 125.882 0.589
202409 1.014 126.198 1.027
202412 1.921 127.041 1.932
202503 -0.399 127.779 -0.399

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.


Bechtle AG  (LTS:0DPM) 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.


Bechtle AG Cyclically Adjusted Price-to-FCF Related Terms

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


Bechtle AG Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Software » Bechtle AG (LTS:0DPM) » Definitions » Cyclically Adjusted Price-to-FCF
Traded in Other Exchanges
Address
Bechtle Platz 1, Neckarsulm, BW, DEU, 74172
Bechtle AG is an information technology provider with operations in Germany, Austria, Switzerland, and other European countries. The company's customers are mainly in the industrial, trade, financial, and public sectors. Bechtle operates through two segments: IT System House and Managed Services, and IT E-commerce. The IT System House and Managed Services segment consist of IT strategy consulting, hardware and software sales, project planning and roll-out, system integrations, IT services and training, and client management, among others. The IT E-commerce segment includes e-procurement services, software solutions, and product marketing through the Internet and telemarketing.

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