Ionics (PHS:ION) Cyclically Adjusted Price-to-FCF: 7.13 (As of Sep. 10, 2026) — 101% Above Median

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PHS:ION Ionics Inc PHS:ION
68 GF Score
Price ₱2.85
GF Value ₱1.26
Valuation Significantly Overvalued
! 6 Warning Signs
View Full Analysis

What is Ionics Cyclically Adjusted Price-to-FCF?

Ionics PHS:ION +1.42% 68 Cyclically Adjusted Price-to-FCF is 7.13 as of Sep. 10, 2026, which is 101% above its 10-year median of 3.55. GuruFocus rates PHS:ION with a GF Score™ of 68/100 and a GF Value™ of ₱1.26 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 979 Hardware companies, Ionics ranks better than 93.05% on this metric.

As of today (2026-09-10), Ionics's current share price is ₱2.85. Ionics's Cyclically Adjusted FCF per Share for the quarter that ended in Jun. 2026 was ₱0.40. Ionics's Cyclically Adjusted Price-to-FCF for today is 7.13.

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

PHS:ION' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 2.05   Med: 3.55   Max: 11.42
Current: 6.49

During the past years, Ionics's highest Cyclically Adjusted Price-to-FCF was 11.42. The lowest was 2.05. And the median was 3.55.

PHS:ION's Cyclically Adjusted Price-to-FCF is ranked better than
93.05% of 979 companies
in the Hardware industry
Industry Median: 34.18 vs PHS:ION: 6.49

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.

Ionics's adjusted free cash flow per share data for the three months ended in Jun. 2026 was ₱0.248. 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 ₱0.40 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation

Ionics  (PHS:ION) 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.

Ionics Cyclically Adjusted Price-to-FCF Related Terms

Ionics Cyclically Adjusted Price-to-FCF Historical Data

* Premium members only.

The historical data trend for Ionics'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.

Ionics Cyclically Adjusted Price-to-FCF Chart

Ionics Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.62 2.72 3.89 2.38 2.66

Ionics Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 2.43 2.31 2.66 2.82 2.90

PHS:ION vs AAPL: Cyclically Adjusted Price-to-FCF Comparison

For the Consumer Electronics subindustry, Ionics'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.

Ionics Cyclically Adjusted Price-to-FCF vs Hardware Industry

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

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


PHS:ION
68GF Score
Ionics Inc PHS:ION
Cyclically Adjusted Price-to-FCF is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Ionics 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=2.85/0.40
=7.13

* 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.

Ionics's Cyclically Adjusted FCF per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Ionics's adjusted Free Cash Flow per Share data for the three months ended in Jun. 2026 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=0.248/333.9520*333.9520
=0.248

Current CPI (Jun. 2026) = 333.9520.

Ionics Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201609 0.013 241.428 0.018
201612 0.192 241.432 0.266
201703 0.049 243.801 0.067
201706 -0.282 244.955 -0.384
201709 -0.002 246.819 -0.003
201712 -0.117 246.524 -0.158
201803 0.234 249.554 0.313
201806 0.026 251.989 0.034
201809 0.144 252.439 0.190
201812 0.296 251.233 0.393
201903 0.095 254.202 0.125
201906 0.209 256.143 0.272
201909 0.200 256.759 0.260
201912 -0.154 256.974 -0.200
202003 -0.021 258.115 -0.027
202006 -0.071 257.797 -0.092
202009 -0.071 260.280 -0.091
202012 1.079 260.474 1.383
202103 -0.239 264.877 -0.301
202106 0.229 271.696 0.281
202109 -0.155 274.310 -0.189
202112 -0.076 278.802 -0.091
202203 0.071 287.504 0.082
202206 -0.184 296.311 -0.207
202209 -0.075 296.808 -0.084
202212 0.081 296.797 0.091
202303 -0.255 301.836 -0.282
202306 0.170 305.109 0.186
202309 0.336 307.789 0.365
202312 0.187 306.746 0.204
202403 0.119 312.332 0.127
202406 0.099 314.175 0.105
202409 0.470 315.301 0.498
202412 -0.079 315.605 -0.084
202503 0.109 319.799 0.114
202506 0.294 322.561 0.304
202509 0.147 324.800 0.151
202512 0.120 324.054 0.124
202603 -0.021 330.213 -0.021
202606 0.248 333.952 0.248

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.

What does a Cyclically Adjusted Price-to-FCF of 7.13 mean?
Ionics (PHS:ION) has a Cyclically Adjusted Price-to-FCF of 7.13 as of Sep. 10, 2026. Cyclically Adjusted Price-to-FCF Ratio is the ratio of share price to a company's inflation-adjusted FCF per share over a 10-year period. View historical data on Ionics and its competitors. This is 101% above median its historical median of 3.55. Over the past decade, Ionics' Cyclically Adjusted Price-to-FCF has ranged from 2.05 to 11.42. According to the industry distribution chart, Ionics ranks #68 out of 979 companies in the Hardware industry, placing it in the top 6.9%.
Is Ionics' Cyclically Adjusted Price-to-FCF too high?
Ionics' current Cyclically Adjusted Price-to-FCF of 7.13 is 101% above median its 10-year median of 3.55. Over the past 10 years, this metric has ranged from a low of 2.05 to a high of 11.42. The Hardware industry median Cyclically Adjusted Price-to-FCF is 34.18. Ionics' value of 7.13 is 79.1% below this industry median. Based on the distribution chart, Ionics ranks #68 out of 979 companies in the Hardware industry, which is in the top quartile — a strong position relative to peers. Overall, Ionics has a GF Score™ of 68/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Ionics' Cyclically Adjusted Price-to-FCF compare to AAPL?
According to the Hardware industry distribution chart, Ionics ranks #68 out of 979 companies for Cyclically Adjusted Price-to-FCF. This places Ionics in the top 7% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted Price-to-FCF is 34.18. Ionics' value of 7.13 is 79.1% below this benchmark. Historically, Ionics' own Cyclically Adjusted Price-to-FCF has ranged from 2.05 to 11.42 over the past decade. While the company's 10-year median is 3.55 vs. the industry median of 34.18, Ionics has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted Price-to-FCF for a Hardware company?
The median Cyclically Adjusted Price-to-FCF among Hardware companies is 34.18, based on 979 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted Price-to-FCF significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted Price-to-FCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Ionics's current Cyclically Adjusted Price-to-FCF of 7.13 is 79.1% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted Price-to-FCF mean?
A high Cyclically Adjusted Price-to-FCF can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted Price-to-FCF Ratio is the ratio of share price to a company's inflation-adjusted FCF per share over a 10-year period. View historical data on Ionics and its competitors. For the Hardware industry, the median Cyclically Adjusted Price-to-FCF is 34.18 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ionics's current Cyclically Adjusted Price-to-FCF is 7.13, which is 101% above median its own 10-year median of 3.55. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ionics stock overvalued right now?
Based on GuruFocus' analysis, Ionics (PHS:ION) is currently considered Significantly Overvalued. The stock's GF Value™ is ₱1.26, compared to a current price of ₱2.85 — trading 126.2% above its estimated fair value. The current Cyclically Adjusted Price-to-FCF is 7.13, which is 101% above median its 10-year median of 3.55 and 79.1% below the Hardware industry median of 34.18. Ionics' overall GF Score™ is 68/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted Price-to-FCF calculated?
Cyclically Adjusted Price-to-FCF is calculated from a company's financial statements. For Ionics (PHS:ION), the current Cyclically Adjusted Price-to-FCF is 7.13 as of Sep. 10, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Ionics (PHS:ION) Overvalued in 2026?

Based on GuruFocus' analysis, Ionics stock appears to be overvalued. The current stock price of ₱2.85 is trading 126.2% above its estimated GF Value™ of ₱1.26. GuruFocus considers Ionics to be Significantly Overvalued.

Key valuation signals for PHS:ION:

  • Cyclically Adjusted Price-to-FCF: 7.13 (101% above median its 10-year median of 3.55)
  • GF Value™: ₱1.26 vs. price of ₱2.85 (126.2% above fair value)
  • GF Score™: 68/100 with 6 warning signs
  • Industry Position: 79.1% below the Hardware median (#68 of 979)

No single metric tells the full story. See the PHS:ION stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Ionics Business Description

Address Circuit Street, Light Industry and Science Park of the Philippines-I, Bo. Diezmo, Cabuyao City, LAG, PHL, 4025
Ionics Inc is engaged in electronic manufacturing services, providing design, build, ship, and logistics solutions across telecommunications, automotive, computer peripherals, consumer electronics, industrial, medical, and plastic products. Its business is organized into segments, with the Consumer Electronics segment generating the majority of revenue, supporting digital media, digital television, and audio product industries. Other segments include Computer Peripherals, Telecom, Automotive, and Real Estate, which earn rental income from warehouse and factory facilities. The Group produces a wide multiple products, including telecom equipment, automotive electronics, computer components, consumer devices, and others. Geographically, it generates the majority of its revenue from Asia.
68GF Score

Get the complete analysis for PHS:ION

Cyclically Adjusted Price-to-FCF is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₱2.85
Price
₱1.26
GF Value