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Varex Imaging (Varex Imaging) Cyclically Adjusted Price-to-FCF : 10.77 (As of May. 01, 2024)


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What is Varex Imaging Cyclically Adjusted Price-to-FCF?

As of today (2024-05-01), Varex Imaging's current share price is $16.58. Varex Imaging's Cyclically Adjusted FCF per Share for the fiscal year that ended in Sep23 was $1.54. Varex Imaging's Cyclically Adjusted Price-to-FCF for today is 10.77.

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

VREX' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 10.56   Med: 12.79   Max: 14.1
Current: 10.56

During the past 11 years, Varex Imaging's highest Cyclically Adjusted Price-to-FCF was 14.10. The lowest was 10.56. And the median was 12.79.

VREX's Cyclically Adjusted Price-to-FCF is ranked better than
88.74% of 231 companies
in the Medical Devices & Instruments industry
Industry Median: 42.28 vs VREX: 10.56

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.

Varex Imaging's adjusted free cash flow per share data of for the fiscal year that ended in Sep23 was $1.744. 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 $1.54 for the trailing ten years ended in Sep23.

Shiller PE for Stocks: The True Measure of Stock Valuation


Varex Imaging Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Varex Imaging'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.

Varex Imaging Cyclically Adjusted Price-to-FCF Chart

Varex Imaging Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - 13.30 12.21

Varex Imaging 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 - - - 12.21 -

Competitive Comparison of Varex Imaging's Cyclically Adjusted Price-to-FCF

For the Medical Devices subindustry, Varex Imaging'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.


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

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

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



Varex Imaging 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=16.58/1.54
=10.77

* 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.

Varex Imaging's Cyclically Adjusted FCF per Share for the fiscal year that ended in Sep23 is calculated as:

For example, Varex Imaging's adjusted Free Cash Flow per Share data for the fiscal year that ended in Sep23 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Sep23 (Change)*Current CPI (Sep23)
=1.744/129.8595*129.8595
=1.744

Current CPI (Sep23) = 129.8595.

Varex Imaging Annual Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201409 2.484 100.428 3.212
201509 1.326 100.392 1.715
201609 1.180 101.861 1.504
201709 1.447 104.136 1.804
201809 1.690 106.507 2.061
201909 1.350 108.329 1.618
202009 -0.265 109.815 -0.313
202109 1.923 115.734 2.158
202209 -0.106 125.227 -0.110
202309 1.744 129.860 1.744

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.


Varex Imaging  (NAS:VREX) 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.


Varex Imaging Cyclically Adjusted Price-to-FCF Related Terms

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


Varex Imaging (Varex Imaging) Business Description

Traded in Other Exchanges
Address
1678 South Pioneer Road, Salt Lake City, UT, USA, 84104
Varex Imaging Corp designs and manufactures X-ray imaging components. It operates in two segments Medical and Industrial. The Medical segment, which is the key revenue driver, designs, manufactures, sells, and services X-ray imaging components comprising X-ray tubes, digital flat panel image detectors, high voltage connectors, ionization chambers, and buckys among others. The Industrial segment designs, manufactures, sells, and services Linatron X-ray accelerators, X-ray tubes, digital flat panel detectors and high voltage connectors among others. It has manufacturing, research, and development operation in the United States, Europe, Philippines and China, and sales and service operations throughout the world.
Executives
Kimberley E. Honeysett officer: Vice President and Secretary 1678 S. PIONEER ROAD, SALT LAKE CITY UT 84104
Jay K. Kunkel director 21557 TELEGRAPH ROAD, SOUTHFIELD MI 48033
Ruediger Naumann-etienne director
Kathleen Bardwell director 9 BLACKBERRY DRIVE, HUDSON OH 44236
Sunny Sanyal director, officer: President and CEO 1678 S. PIONEER ROAD, SALT LAKE CITY UT 84104
Kevin Bruce Yankton officer: Controller & CAO 1678 S. PIONEER ROAD, SALT LAKE CITY UT 84104
Andrew Hartmann officer: SVP Sales & Marketing, Medical 1678 S. PIONEER ROAD, SALT LAKE CITY UT 84104
Timothy E Guertin director C/O VARIAN MEDICAL SYSTEMS, INC, 3100 HANSEN WAY M/S E-327, PALO ALTO CA 94304
Shubham Maheshwari officer: Chief Financial Officer C/O VEECO INSTRUMENTS INC., 1 TERMINAL DRIVE, PLAINVIEW NY 11803
Brian W Giambattista officer: SVP and GM, X-ray Detectors 1678 SOUTH PIONEER ROAD, SALT LAKE CITY UT 84104
Erich R Reinhardt director VARIAN MEDICAL SYSTEMS INC, 3100 HANSEN WAY MAIL STOP E327, PALO ALTO CA 94304
Mark S. Jonaitis officer: SVP and GM, X-Ray Sources 1678 S. PIONEER ROAD, SALT LAKE CITY UT 84104
Clarence R Verhoef officer: SVP & Chief Financial Officer VARIAN MEDICAL SYSTEMS INC, 3100 HANSEN WAY MAIL STOP E327, PALO ALTO CA 95035
Rosebrough Walter M Jr director 5960 HEISLEY ROAD, MENTOR OH 44060
Carl E. Lacasce officer: SVP, Sales & Marketing 1678 S. PIONEER ROAD, SALT LAKE CITY UT 84104