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Trend Micro (TSE:4704) Cyclically Adjusted Price-to-FCF : 42.07 (As of Jun. 05, 2025)


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What is Trend Micro Cyclically Adjusted Price-to-FCF?

As of today (2025-06-05), Trend Micro's current share price is 円11015.00. Trend Micro's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2025 was 円261.80. Trend Micro's Cyclically Adjusted Price-to-FCF for today is 42.07.

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

TSE:4704' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 19.24   Med: 28.29   Max: 45.63
Current: 41.35

During the past years, Trend Micro's highest Cyclically Adjusted Price-to-FCF was 45.63. The lowest was 19.24. And the median was 28.29.

TSE:4704's Cyclically Adjusted Price-to-FCF is ranked worse than
59.32% of 703 companies
in the Software industry
Industry Median: 30.14 vs TSE:4704: 41.35

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.

Trend Micro's adjusted free cash flow per share data for the three months ended in Mar. 2025 was 円88.750. 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 円261.80 for the trailing ten years ended in Mar. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


Trend Micro Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Trend Micro'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.

Trend Micro Cyclically Adjusted Price-to-FCF Chart

Trend Micro 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 27.72 28.17 25.58 30.35 33.71

Trend Micro 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 30.83 25.96 33.92 33.71 38.25

Competitive Comparison of Trend Micro's Cyclically Adjusted Price-to-FCF

For the Software - Infrastructure subindustry, Trend Micro'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.


Trend Micro's Cyclically Adjusted Price-to-FCF Distribution in the Software Industry

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

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


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Trend Micro 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=11015.00/261.80
=42.07

* 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.

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

For example, Trend Micro'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)
=88.75/111.1000*111.1000
=88.750

Current CPI (Mar. 2025) = 111.1000.

Trend Micro Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201506 64.020 98.400 72.283
201509 33.457 98.500 37.737
201512 44.732 98.100 50.660
201603 24.050 97.900 27.293
201606 53.791 98.100 60.919
201609 33.525 98.000 38.006
201612 66.289 98.400 74.845
201703 46.539 98.100 52.706
201706 79.981 98.500 90.212
201709 45.969 98.800 51.692
201712 77.515 99.400 86.639
201803 72.392 99.200 81.076
201806 70.892 99.200 79.396
201809 60.852 99.900 67.674
201812 64.447 99.700 71.816
201903 45.587 99.700 50.800
201906 64.894 99.800 72.242
201909 74.764 100.100 82.980
201912 61.527 100.500 68.016
202003 70.219 100.300 77.780
202006 101.648 99.900 113.044
202009 64.374 99.900 71.591
202012 68.192 99.300 76.295
202103 91.375 99.900 101.619
202106 69.918 99.500 78.069
202109 42.755 100.100 47.453
202112 57.521 100.100 63.842
202203 99.345 101.100 109.171
202206 88.788 101.800 96.899
202209 28.704 103.100 30.931
202212 40.005 104.100 42.695
202303 96.923 104.400 103.143
202306 62.752 105.200 66.271
202309 46.260 106.200 48.394
202312 18.409 106.800 19.150
202403 63.400 107.200 65.707
202406 40.872 108.200 41.967
202409 6.941 108.900 7.081
202412 50.935 110.700 51.119
202503 88.750 111.100 88.750

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.


Trend Micro  (TSE:4704) 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.


Trend Micro Cyclically Adjusted Price-to-FCF Related Terms

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


Trend Micro Business Description

Industry
Traded in Other Exchanges
Address
Shibuya-ku, 2-1-1 Shinjuku Maynds Tower, Yoyogi, Tokyo, JPN, 151-0053
Trend Micro Inc provides antivirus and other security products that protect the flow of information on PCs, file servers, e-mail servers, and the Internet gateway. Sales have averaged 75% annual growth over the past decade. Customers include British Airways, Merrill Lynch, Microsoft, Pacific Bell, and governmental agencies in the United States and Japan.

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