GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » ProtoSource Corp (OTCPK:PSCO) » Definitions » Cyclically Adjusted Price-to-FCF

ProtoSource (ProtoSource) Cyclically Adjusted Price-to-FCF : (As of Jun. 23, 2024)


View and export this data going back to . Start your Free Trial

What is ProtoSource Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


ProtoSource Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for ProtoSource'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.

ProtoSource Cyclically Adjusted Price-to-FCF Chart

ProtoSource Annual Data
Trend Dec99 Dec00 Dec01 Dec02 Dec03 Dec04 Dec05 Dec06 Dec07 Dec08
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - - -

ProtoSource Quarterly Data
Dec04 Mar05 Jun05 Sep05 Dec05 Mar06 Jun06 Sep06 Dec06 Mar07 Jun07 Sep07 Dec07 Mar08 Jun08 Sep08 Dec08 Mar09 Jun09 Sep09
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 - - - - -

Competitive Comparison of ProtoSource's Cyclically Adjusted Price-to-FCF

For the Shell Companies subindustry, ProtoSource'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.


ProtoSource's Cyclically Adjusted Price-to-FCF Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, ProtoSource's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



ProtoSource 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.

ProtoSource's Cyclically Adjusted FCF per Share for the quarter that ended in Sep. 2009 is calculated as:

For example, ProtoSource's adjusted Free Cash Flow per Share data for the three months ended in Sep. 2009 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Sep. 2009 (Change)*Current CPI (Sep. 2009)
=-0.001/91.1196*91.1196
=-0.001

Current CPI (Sep. 2009) = 91.1196.

ProtoSource Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
199912 -0.199 71.008 -0.255
200003 -0.198 72.231 -0.250
200006 -0.148 72.737 -0.185
200009 -0.089 73.286 -0.111
200012 -0.108 73.413 -0.134
200103 -0.246 74.341 -0.302
200106 -0.079 75.100 -0.096
200109 -0.010 75.227 -0.012
200112 -0.007 74.552 -0.009
200203 -0.033 75.438 -0.040
200206 -0.020 75.902 -0.024
200209 -0.006 76.366 -0.007
200212 -0.013 76.324 -0.016
200303 -0.007 77.716 -0.008
200306 -0.010 77.505 -0.012
200309 -0.008 78.138 -0.009
200312 -0.003 77.758 -0.004
200403 -0.006 79.066 -0.007
200406 -0.005 80.037 -0.006
200409 -0.001 80.121 -0.001
200412 0.006 80.290 0.007
200503 0.001 81.555 0.001
200506 0.001 82.062 0.001
200509 0.001 83.876 0.001
200512 -0.001 83.032 -0.001
200603 0.002 84.298 0.002
200606 0.002 85.606 0.002
200609 0.001 85.606 0.001
200612 -0.005 85.142 -0.005
200703 0.002 86.640 0.002
200706 0.001 87.906 0.001
200709 0.001 87.964 0.001
200712 -0.002 88.616 -0.002
200803 0.003 90.090 0.003
200806 -0.002 92.320 -0.002
200809 0.001 92.307 0.001
200812 -0.002 88.697 -0.002
200903 0.000 89.744 0.000
200906 0.006 91.003 0.006
200909 -0.001 91.120 -0.001

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.


ProtoSource  (OTCPK:PSCO) 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.


ProtoSource Cyclically Adjusted Price-to-FCF Related Terms

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


ProtoSource (ProtoSource) Business Description

Traded in Other Exchanges
N/A
Address
Jalan Radin Bagus 7, 13-2 2nd Floor, Kuala Lumpur, SGR, MYS, 57000
ProtoSource Corp is a shell company.

ProtoSource (ProtoSource) Headlines

No Headlines