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MAX Co (TSE:6454) Cyclically Adjusted Price-to-FCF : 31.67 (As of May. 16, 2024)


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What is MAX Co Cyclically Adjusted Price-to-FCF?

As of today (2024-05-16), MAX Co's current share price is 円3325.00. MAX Co's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was 円105.00. MAX Co's Cyclically Adjusted Price-to-FCF for today is 31.67.

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

TSE:6454' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 14.06   Med: 19.69   Max: 35.43
Current: 33.71

During the past years, MAX Co's highest Cyclically Adjusted Price-to-FCF was 35.43. The lowest was 14.06. And the median was 19.69.

TSE:6454's Cyclically Adjusted Price-to-FCF is ranked worse than
50.29% of 1034 companies
in the Industrial Products industry
Industry Median: 33.525 vs TSE:6454: 33.71

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.

MAX Co's adjusted free cash flow per share data for the three months ended in Mar. 2024 was 円60.934. 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105.00 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


MAX Co Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for MAX Co'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.

MAX Co Cyclically Adjusted Price-to-FCF Chart

MAX Co 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 19.78 18.67 20.43 23.49 31.05

MAX Co 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 23.49 28.21 26.79 31.70 31.05

Competitive Comparison of MAX Co's Cyclically Adjusted Price-to-FCF

For the Tools & Accessories subindustry, MAX Co'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.


MAX Co's Cyclically Adjusted Price-to-FCF Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, MAX Co's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



MAX Co 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=3325.00/105
=31.67

* 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.

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

For example, MAX Co'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)
=60.934/107.2000*107.2000
=60.934

Current CPI (Mar. 2024) = 107.2000.

MAX Co Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 29.720 98.000 32.510
201409 25.256 98.500 27.487
201412 16.999 97.900 18.614
201503 34.754 97.900 38.055
201506 5.356 98.400 5.835
201509 16.413 98.500 17.863
201512 7.202 98.100 7.870
201603 40.808 97.900 44.685
201606 28.391 98.100 31.025
201609 38.252 98.000 41.843
201612 12.480 98.400 13.596
201703 51.245 98.100 55.999
201706 -7.550 98.500 -8.217
201709 40.732 98.800 44.195
201712 11.183 99.400 12.061
201803 40.939 99.200 44.241
201806 14.594 99.200 15.771
201809 44.796 99.900 48.069
201812 -2.984 99.700 -3.208
201903 36.776 99.700 39.542
201906 12.881 99.800 13.836
201909 38.358 100.100 41.079
201912 17.032 100.500 18.167
202003 41.364 100.300 44.210
202006 17.012 99.900 18.255
202009 20.324 99.900 21.809
202012 1.554 99.300 1.678
202103 34.654 99.900 37.186
202106 -20.858 99.500 -22.472
202109 21.460 100.100 22.982
202112 0.761 100.100 0.815
202203 25.004 101.100 26.513
202206 12.896 101.800 13.580
202209 12.261 103.100 12.749
202212 21.584 104.100 22.227
202303 51.414 104.400 52.793
202306 16.765 105.200 17.084
202309 102.454 106.200 103.419
202312 15.296 106.800 15.353
202403 60.934 107.200 60.934

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.


MAX Co  (TSE:6454) 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.


MAX Co Cyclically Adjusted Price-to-FCF Related Terms

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


MAX Co (TSE:6454) Business Description

Industry
Traded in Other Exchanges
N/A
Address
6-6 Nihonbashi Hakozakicho, Chuo-ku, Tokyo, JPN, 103-8502
MAX Co Ltd manufactures and distributes office supplies and industrial equipment. The company operates through office equipment, industrial equipment, and home care and rehabilitation (HCR) equipment divisions. It mainly offers products such as hand-held staplers and automatic staplers, numbering tools, check writers, and other office supplies. It also markets fastening devices for various purposes such as concrete reinforcing bar tying machines, air compressors, and rechargeable tools.

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