GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » ORIX Corp (TSE:8591) » Definitions » Cyclically Adjusted Price-to-FCF

ORIX (TSE:8591) Cyclically Adjusted Price-to-FCF : (As of May. 04, 2024)


View and export this data going back to 1971. Start your Free Trial

What is ORIX Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


ORIX Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for ORIX'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.

ORIX Cyclically Adjusted Price-to-FCF Chart

ORIX Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - - -

ORIX Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 ORIX's Cyclically Adjusted Price-to-FCF

For the Financial Conglomerates subindustry, ORIX'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.


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

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

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



ORIX 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.

ORIX's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, ORIX's adjusted Free Cash Flow per Share data for the three months ended in Dec. 2023 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=36.589/106.8000*106.8000
=36.589

Current CPI (Dec. 2023) = 106.8000.

ORIX Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 -59.623 95.700 -66.539
201406 -131.659 98.000 -143.481
201409 -132.869 98.500 -144.065
201412 -126.886 97.900 -138.421
201503 -166.388 97.900 -181.514
201506 -165.676 98.400 -179.819
201509 -60.390 98.500 -65.479
201512 -83.145 98.100 -90.519
201603 -127.346 97.900 -138.923
201606 -66.209 98.100 -72.081
201609 -24.343 98.000 -26.529
201612 -99.475 98.400 -107.967
201703 -120.234 98.100 -130.897
201706 -142.827 98.500 -154.862
201709 -122.956 98.800 -132.912
201712 -82.201 99.400 -88.321
201803 -28.136 99.200 -30.292
201806 -97.999 99.200 -105.507
201809 -128.621 99.900 -137.505
201812 -107.944 99.700 -115.631
201903 -34.350 99.700 -36.796
201906 -35.308 99.800 -37.785
201909 93.320 100.100 99.566
201912 -87.861 100.500 -93.369
202003 69.322 100.300 73.814
202006 16.213 99.900 17.333
202009 128.240 99.900 137.097
202012 38.331 99.300 41.226
202103 93.509 99.900 99.968
202106 29.204 99.500 31.347
202109 97.834 100.100 104.382
202112 -47.881 100.100 -51.086
202203 75.037 101.100 79.268
202206 -213.861 101.800 -224.365
202209 33.783 103.100 34.995
202212 15.185 104.100 15.579
202303 25.808 104.400 26.401
202306 -106.234 105.200 -107.850
202309 49.534 106.200 49.814
202312 36.589 106.800 36.589

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.


ORIX  (TSE:8591) 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.


ORIX Cyclically Adjusted Price-to-FCF Related Terms

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


ORIX (TSE:8591) Business Description

Traded in Other Exchanges
Address
2-4-1 Hamamatsu-cho, World Trade Center Building, South Tower, Minato-ku, Tokyo, JPN, 105-5135
ORIX Corp is a diversified financial services company with operations in Corporate Financial Services, Maintenance Leasing, Real Estate, PE Investment and Concession, Environment and Energy, Insurance, Banking and Credit, Aircraft and Ships, ORIX USA, ORIX Europe, Asia and Australia and engages in various other fee businesses by providing products and services aligned with customer needs to its core customer base of domestic small and medium-sized enterprises. Orix's numerous divisions finance leases of large-ticket items like ships, airplanes, and technology equipment.

ORIX (TSE:8591) Headlines

No Headlines