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Investor AB (LTS:0NC6) Cyclically Adjusted Price-to-FCF : 59.34 (As of May. 16, 2024)


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What is Investor AB Cyclically Adjusted Price-to-FCF?

As of today (2024-05-16), Investor AB's current share price is kr189.28. Investor AB's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was kr3.19. Investor AB's Cyclically Adjusted Price-to-FCF for today is 59.34.

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

LTS:0NC6' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 38.65   Med: 51.96   Max: 77.19
Current: 62.4

During the past years, Investor AB's highest Cyclically Adjusted Price-to-FCF was 77.19. The lowest was 38.65. And the median was 51.96.

LTS:0NC6's Cyclically Adjusted Price-to-FCF is ranked worse than
78.57% of 504 companies
in the Asset Management industry
Industry Median: 20.705 vs LTS:0NC6: 62.40

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.

Investor AB's adjusted free cash flow per share data for the three months ended in Mar. 2024 was kr2.216. 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 kr3.19 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Investor AB Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Investor AB'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.

Investor AB Cyclically Adjusted Price-to-FCF Chart

Investor AB Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 48.88 53.67 74.75 50.56 53.98

Investor AB Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 53.11 52.93 50.01 53.98 59.30

Competitive Comparison of Investor AB's Cyclically Adjusted Price-to-FCF

For the Asset Management subindustry, Investor AB'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.


Investor AB's Cyclically Adjusted Price-to-FCF Distribution in the Asset Management Industry

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

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



Investor AB 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.

Investor AB's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=189.28/3.19
=59.34

* 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.

Investor AB's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Investor AB's adjusted Free Cash Flow per Share data for the three months ended in Mar. 2024 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=2.216/130.9575*130.9575
=2.216

Current CPI (Mar. 2024) = 130.9575.

Investor AB Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 2.066 100.432 2.694
201409 0.111 100.161 0.145
201412 0.261 100.225 0.341
201503 0.389 99.950 0.510
201506 1.626 99.995 2.129
201509 0.452 100.228 0.591
201512 0.637 100.276 0.832
201603 1.216 100.751 1.581
201606 0.756 101.019 0.980
201609 1.021 101.138 1.322
201612 0.913 102.022 1.172
201703 0.341 102.022 0.438
201706 1.670 102.752 2.128
201709 0.371 103.279 0.470
201712 0.716 103.793 0.903
201803 0.274 103.962 0.345
201806 2.122 104.875 2.650
201809 0.384 105.679 0.476
201812 0.537 105.912 0.664
201903 0.345 105.886 0.427
201906 2.422 106.742 2.971
201909 0.596 107.214 0.728
201912 0.702 107.766 0.853
202003 0.214 106.563 0.263
202006 1.061 107.498 1.293
202009 0.197 107.635 0.240
202012 1.200 108.296 1.451
202103 0.240 108.360 0.290
202106 1.796 108.928 2.159
202109 -0.002 110.338 -0.002
202112 1.378 112.486 1.604
202203 0.705 114.825 0.804
202206 1.373 118.384 1.519
202209 0.480 122.296 0.514
202212 1.437 126.365 1.489
202303 1.322 127.042 1.363
202306 2.049 129.407 2.074
202309 0.528 130.224 0.531
202312 1.730 130.958 1.730
202403 2.216 130.958 2.216

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.


Investor AB  (LTS:0NC6) 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.


Investor AB Cyclically Adjusted Price-to-FCF Related Terms

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


Investor AB (LTS:0NC6) Business Description

Industry
Address
Arsenalsgatan 8C, Stockholm, SWE, SE-103 32
Investor AB is an industrial holding company with a long-term, active investment portfolio strategy. The company focuses on investing in companies that emphasize innovation and product development. Investor AB's so-called "buy-to-build" strategy seeks not to divest holdings, but rather to develop them over time in order to close the gap between price and value. A majority of its equity investments are made in the country of Sweden and greater Scandinavia, where the company mostly operates. The company measures performance by changes in net asset value and seeks to outperform the Stockholm Stock Exchange's OMSX Index. In 2015, Investor AB also formed and currently operates Patricia Industries, a sizable component of the company that was formed to manage its unlisted investments.

Investor AB (LTS:0NC6) Headlines

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