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Techstep ASA (OSL:TECH) Cyclically Adjusted Price-to-FCF : 3.76 (As of Jun. 05, 2025)


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What is Techstep ASA Cyclically Adjusted Price-to-FCF?

As of today (2025-06-05), Techstep ASA's current share price is kr11.80. Techstep ASA's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2025 was kr3.14. Techstep ASA's Cyclically Adjusted Price-to-FCF for today is 3.76.

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

OSL:TECH' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 3.49   Med: 7.58   Max: 53.46
Current: 3.76

During the past years, Techstep ASA's highest Cyclically Adjusted Price-to-FCF was 53.46. The lowest was 3.49. And the median was 7.58.

OSL:TECH's Cyclically Adjusted Price-to-FCF is ranked better than
95.59% of 703 companies
in the Software industry
Industry Median: 30.14 vs OSL:TECH: 3.76

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.

Techstep ASA's adjusted free cash flow per share data for the three months ended in Mar. 2025 was kr-0.982. 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 kr3.14 for the trailing ten years ended in Mar. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


Techstep ASA Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Techstep ASA'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.

Techstep ASA Cyclically Adjusted Price-to-FCF Chart

Techstep ASA 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 - - 44.46 6.01 8.98

Techstep ASA 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 4.73 5.21 7.34 8.98 3.86

Competitive Comparison of Techstep ASA's Cyclically Adjusted Price-to-FCF

For the Software - Application subindustry, Techstep ASA'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.


Techstep ASA's Cyclically Adjusted Price-to-FCF Distribution in the Software Industry

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

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


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Techstep ASA 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.

Techstep ASA's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=11.80/3.14
=3.76

* 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.

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

For example, Techstep ASA'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)
=-0.982/136.1000*136.1000
=-0.982

Current CPI (Mar. 2025) = 136.1000.

Techstep ASA Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201506 3.573 100.100 4.858
201509 -7.102 100.600 -9.608
201512 49.733 100.900 67.083
201603 -8.177 102.500 -10.857
201606 -2.592 103.800 -3.399
201609 1.984 104.200 2.591
201612 -2.177 104.400 -2.838
201703 -1.435 105.000 -1.860
201706 -1.022 105.800 -1.315
201709 -0.797 105.900 -1.024
201712 0.377 106.100 0.484
201803 0.002 107.300 0.003
201806 -0.425 108.500 -0.533
201809 -0.128 109.500 -0.159
201812 1.184 109.800 1.468
201903 0.193 110.400 0.238
201906 0.050 110.600 0.062
201909 -0.246 111.100 -0.301
201912 0.826 111.300 1.010
202003 -1.412 111.200 -1.728
202006 0.574 112.100 0.697
202009 -3.062 112.900 -3.691
202012 -0.756 112.900 -0.911
202103 0.717 114.600 0.852
202106 -1.197 115.300 -1.413
202109 -1.701 117.500 -1.970
202112 -0.973 118.900 -1.114
202203 -2.714 119.800 -3.083
202206 -2.069 122.600 -2.297
202209 0.725 125.600 0.786
202212 0.789 125.900 0.853
202303 -1.118 127.600 -1.192
202306 -0.714 130.400 -0.745
202309 0.842 129.800 0.883
202312 1.234 131.900 1.273
202403 -1.516 132.600 -1.556
202406 0.153 133.800 0.156
202409 0.301 133.700 0.306
202412 0.344 134.800 0.347
202503 -0.982 136.100 -0.982

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.


Techstep ASA  (OSL:TECH) 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.


Techstep ASA Cyclically Adjusted Price-to-FCF Related Terms

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


Techstep ASA Business Description

Industry
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Traded in Other Exchanges
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Address
Brynsalleen 4, Oslo, NOR, 0667
Techstep ASA is a Nordic enabler of the mobile workplace, delivering a full range of devices and services to facilitate mobile workplaces. The company bundles mobile devices, software, information security, and expertise for its customers. Its Device Lifecycle Management Platform enables IT vendors to scale and optimise their Device-as-a-Service business, enhancing efficiency, control, and user experience at every lifecycle stage. In addition, the company offers various workplace devices and services such as mobile devices and accessories, laptops, device management and security services, and others. A majority of its revenue is generated from the provision of workplace devices for its clients. Geographically, it derives maximum revenue from Norway, followed by Sweden, Denmark, and Poland.

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