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Kyoritsu Air Tech (TSE:5997) Cyclically Adjusted Price-to-FCF : (As of Jun. 01, 2024)


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What is Kyoritsu Air Tech Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Kyoritsu Air Tech Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Kyoritsu Air Tech'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.

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Kyoritsu Air Tech Cyclically Adjusted Price-to-FCF Chart

Kyoritsu Air Tech Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
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Kyoritsu Air Tech Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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Competitive Comparison of Kyoritsu Air Tech's Cyclically Adjusted Price-to-FCF

For the Building Products & Equipment subindustry, Kyoritsu Air Tech'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.


Kyoritsu Air Tech's Cyclically Adjusted Price-to-FCF Distribution in the Construction Industry

For the Construction industry and Industrials sector, Kyoritsu Air Tech's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Kyoritsu Air Tech 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.

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

For example, Kyoritsu Air Tech'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)
=0/107.2000*107.2000
=0.000

Current CPI (Mar. 2024) = 107.2000.

Kyoritsu Air Tech 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 0.000 98.100 0.000
201609 0.000 98.000 0.000
201612 0.000 98.400 0.000
201703 0.000 98.100 0.000
201706 0.000 98.500 0.000
201709 0.000 98.800 0.000
201712 0.000 99.400 0.000
201803 0.000 99.200 0.000
201806 0.000 99.200 0.000
201809 0.000 99.900 0.000
201812 0.000 99.700 0.000
201903 0.000 99.700 0.000
201906 0.000 99.800 0.000
201909 0.000 100.100 0.000
201912 0.000 100.500 0.000
202003 0.000 100.300 0.000
202006 0.000 99.900 0.000
202009 0.000 99.900 0.000
202012 0.000 99.300 0.000
202103 0.000 99.900 0.000
202106 0.000 99.500 0.000
202109 0.000 100.100 0.000
202112 0.000 100.100 0.000
202203 0.000 101.100 0.000
202206 0.000 101.800 0.000
202209 0.000 103.100 0.000
202212 0.000 104.100 0.000
202303 0.000 104.400 0.000
202306 0.000 105.200 0.000
202309 0.000 106.200 0.000
202312 0.000 106.800 0.000
202403 0.000 107.200 0.000

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.


Kyoritsu Air Tech  (TSE:5997) 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.


Kyoritsu Air Tech Cyclically Adjusted Price-to-FCF Related Terms

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Kyoritsu Air Tech (TSE:5997) Business Description

Industry
Traded in Other Exchanges
N/A
Address
1034 Daisuki-cho, Kasuya-gun, Fukuoka prefecture, Fukuoka, JPN, 811-2414
Kyoritsu Air Tech Inc is a Japanese firm engaged in the manufacturing of air-conditioners and various ventilation products. It has building equipment business and housing equipment business. Its products include the flocking air supply unit, variable air volume unit, ventilation unit, fan coil unit, air-disaster prevention damper, and air diffusers.

Kyoritsu Air Tech (TSE:5997) Headlines

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