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Olympus (STU:OLY1) Cyclically Adjusted Price-to-FCF : 74.08 (As of May. 25, 2024)


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What is Olympus Cyclically Adjusted Price-to-FCF?

As of today (2024-05-25), Olympus's current share price is €14.815. Olympus's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was €0.20. Olympus's Cyclically Adjusted Price-to-FCF for today is 74.08.

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

STU:OLY1' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 49.83   Med: 73   Max: 113.35
Current: 76.33

During the past years, Olympus's highest Cyclically Adjusted Price-to-FCF was 113.35. The lowest was 49.83. And the median was 73.00.

STU:OLY1's Cyclically Adjusted Price-to-FCF is ranked worse than
78.26% of 230 companies
in the Medical Devices & Instruments industry
Industry Median: 44.1 vs STU:OLY1: 76.33

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.

Olympus's adjusted free cash flow per share data for the three months ended in Mar. 2024 was €0.191. 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 €0.20 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Olympus Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Olympus'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.

Olympus Cyclically Adjusted Price-to-FCF Chart

Olympus Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 70.13 71.31 56.74 58.58 66.24

Olympus 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 58.58 73.00 58.39 67.11 66.24

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

For the Medical Instruments & Supplies subindustry, Olympus'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.


Olympus's Cyclically Adjusted Price-to-FCF Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Olympus's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Olympus 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=14.815/0.2
=74.08

* 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.

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

For example, Olympus'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)
=0.191/107.2000*107.2000
=0.191

Current CPI (Mar. 2024) = 107.2000.

Olympus Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.000 98.000 0.000
201409 0.000 98.500 0.000
201412 0.000 97.900 0.000
201503 0.000 97.900 0.000
201506 0.000 98.400 0.000
201509 0.000 98.500 0.000
201512 0.000 98.100 0.000
201603 0.000 97.900 0.000
201606 0.071 98.100 0.078
201609 0.014 98.000 0.015
201612 0.081 98.400 0.088
201703 0.088 98.100 0.096
201706 0.022 98.500 0.024
201709 0.051 98.800 0.055
201712 0.008 99.400 0.009
201803 0.096 99.200 0.104
201806 0.057 99.200 0.062
201809 -0.072 99.900 -0.077
201812 -0.027 99.700 -0.029
201903 0.076 99.700 0.082
201906 0.078 99.800 0.084
201909 0.149 100.100 0.160
201912 0.152 100.500 0.162
202003 0.051 100.300 0.055
202006 -0.027 99.900 -0.029
202009 0.097 99.900 0.104
202012 0.225 99.300 0.243
202103 0.103 99.900 0.111
202106 0.055 99.500 0.059
202109 0.165 100.100 0.177
202112 0.192 100.100 0.206
202203 0.236 101.100 0.250
202206 -0.213 101.800 -0.224
202209 0.080 103.100 0.083
202212 0.163 104.100 0.168
202303 0.123 104.400 0.126
202306 -0.353 105.200 -0.360
202309 0.141 106.200 0.142
202312 -0.097 106.800 -0.097
202403 0.191 107.200 0.191

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.


Olympus  (STU:OLY1) 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.


Olympus Cyclically Adjusted Price-to-FCF Related Terms

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


Olympus (STU:OLY1) Business Description

Traded in Other Exchanges
Address
Shinjuku Monolith, 2-3-1 Nishi-Shinjuku, Shinjuku-ku, Tokyo, JPN, 163-0914
Olympus Corp manufactures and sells precision instruments for the healthcare industry. The firm operates in three segments: scientific solutions, imaging, and medical. The scientific solutions segment sells microscopes and other imaging tools to life sciences and industrial customers. The imaging segment sells digital cameras under the Olympus brand. The medical segment supplies medical equipment, including gastrointestinal and surgical endoscopes and endotherapy devices. This segment generates the vast majority of revenue. Sales in Asia and North America contribute the largest proportions of revenue.

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