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MIDD (The Middleby) Cyclically Adjusted Price-to-FCF : 17.38 (As of May. 01, 2025)


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What is The Middleby Cyclically Adjusted Price-to-FCF?

As of today (2025-05-01), The Middleby's current share price is $134.36. The Middleby's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2024 was $7.73. The Middleby's Cyclically Adjusted Price-to-FCF for today is 17.38.

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

MIDD' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 11.85   Med: 32.62   Max: 58.44
Current: 17.25

During the past years, The Middleby's highest Cyclically Adjusted Price-to-FCF was 58.44. The lowest was 11.85. And the median was 32.62.

MIDD's Cyclically Adjusted Price-to-FCF is ranked better than
72.68% of 1036 companies
in the Industrial Products industry
Industry Median: 31.305 vs MIDD: 17.25

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.

The Middleby's adjusted free cash flow per share data for the three months ended in Dec. 2024 was $4.171. 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 $7.73 for the trailing ten years ended in Dec. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


The Middleby Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for The Middleby'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.

The Middleby Cyclically Adjusted Price-to-FCF Chart

The Middleby 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 27.47 36.29 22.42 21.42 17.52

The Middleby Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 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 21.42 22.12 16.56 18.64 17.52

Competitive Comparison of The Middleby's Cyclically Adjusted Price-to-FCF

For the Specialty Industrial Machinery subindustry, The Middleby'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.


The Middleby's Cyclically Adjusted Price-to-FCF Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, The Middleby's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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


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The Middleby 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.

The Middleby's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=134.36/7.73
=17.38

* 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.

The Middleby's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2024 is calculated as:

For example, The Middleby's adjusted Free Cash Flow per Share data for the three months ended in Dec. 2024 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Dec. 2024 (Change)*Current CPI (Dec. 2024)
=4.171/133.1571*133.1571
=4.171

Current CPI (Dec. 2024) = 133.1571.

The Middleby Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201503 0.310 99.621 0.414
201506 1.394 100.684 1.844
201509 0.922 100.392 1.223
201512 1.361 99.792 1.816
201603 0.119 100.470 0.158
201606 1.329 101.688 1.740
201609 1.293 101.861 1.690
201612 1.974 101.863 2.580
201703 0.676 102.862 0.875
201706 0.274 103.349 0.353
201709 1.903 104.136 2.433
201712 1.572 104.011 2.013
201803 0.408 105.290 0.516
201806 1.697 106.317 2.125
201809 1.747 106.507 2.184
201812 2.036 105.998 2.558
201903 0.465 107.251 0.577
201906 0.972 108.070 1.198
201909 2.083 108.329 2.560
201912 2.422 108.420 2.975
202003 1.407 108.902 1.720
202006 1.166 108.767 1.427
202009 2.620 109.815 3.177
202012 3.567 109.897 4.322
202103 0.911 111.754 1.085
202106 1.802 114.631 2.093
202109 2.867 115.734 3.299
202112 0.973 117.630 1.101
202203 -0.534 121.301 -0.586
202206 1.595 125.017 1.699
202209 1.191 125.227 1.266
202212 2.596 125.222 2.761
202303 1.193 127.348 1.247
202306 0.721 128.729 0.746
202309 3.653 129.860 3.746
202312 4.466 129.419 4.595
202403 2.336 131.776 2.360
202406 2.563 132.554 2.575
202409 2.687 133.029 2.690
202412 4.171 133.157 4.171

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.


The Middleby  (NAS:MIDD) 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.


The Middleby Cyclically Adjusted Price-to-FCF Related Terms

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


The Middleby Business Description

Traded in Other Exchanges
Address
1400 Toastmaster Drive, Elgin, IL, USA, 60120
The Middleby Corp is engaged in designing, manufacturing, marketing, distribution and service of a broad line of foodservice equipment used in all types of commercial restaurants and institutional kitchens, food preparation, cooking, baking, chilling and packaging equipment for food processing operations, and premium kitchen equipment including ranges, ovens, refrigerators, ventilation, dishwashers and outdoor cooking equipment used in the residential market. The company conducts its business through three principal business segments namely the Commercial Foodservice Equipment Group, the Food Processing Equipment Group and the Residential Kitchen Equipment Group. The firm derives majority revenue from Commercial Foodservice Equipment Group segment.
Executives
Chapin Sarah Palisi director 1400 TOASTMASTER DRIVE, ELGIN IL 60120
Cathy L Mccarthy director 1400 TOASTMASTER DRIVE, ELGIN IL 60120
Miller John R Iii director C/O THE MIDDLEBY CORPORATION, 1400 TOASTMASTER DRIVE, ELGIN IL 60120
Pool Iii James K officer: Chief Technology and* 1400 TOASTMASTER DRIVE, ELGIN IL 60120
Robert A Nerbonne director 1400 TOASTMASTER DRIVE, ELGIN IL 60120
Matthew R Fuchsen officer: Chief Development Officer 1400 TOASTMASTER DRIVE, ELGIN IL 60120
Brittany C Cerwin officer: Chief Accounting Officer 1400 TOASTMASTER DRIVE, ELGIN IL 60120
Nassem Ziyad director C/O MIDDLEBY CORPORATION, 1400 TOASTMASTER DRIVE, ELGIN IL 60120
Timothy John Fitzgerald officer: Chief Financial Officer C/O MIDDLEBY CORPORATON, 1400 TOASTMASTER DRIVE, ELGIN IL 60120
Steve Spittle officer: Chief Commercial Officer 1400 TOASTMASTER DRIVE, ELGIN IL 60120
Bryan E. Mittelman officer: Chief Accounting Officer THE MIDDLEBY CORPORATION, 1400 TOASTMASTER DRIVE, ELGIN IL 60120
Martin M Lindsay officer: Treasurer C/O THE MIDDLEBY CORPORATION, 1400 TOASTMASTER DR, ELGIN IL 60120
Gordon Obrien director 1400 TOASTMASTER DRIVE, ELGIN IL 60120
Robert B Lamb director C/O THE MIDDLEBY CORPORATION, 1400 TOASTMASTER DR, ELGIN IL 60120
Selim A Bassoul director, officer: Chief Executive Officer C/O MIDDLEBY CORP, 1400 TOASTMASTER DRIVE, ELGIN IL 8477413300