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Canon (WBO:CNN1) Cyclically Adjusted Price-to-FCF : 16.20 (As of Apr. 29, 2024)


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What is Canon Cyclically Adjusted Price-to-FCF?

As of today (2024-04-29), Canon's current share price is €25.11. Canon's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was €1.55. Canon's Cyclically Adjusted Price-to-FCF for today is 16.20.

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

WBO:CNN1' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 7.26   Med: 13.9   Max: 19.65
Current: 18.01

During the past years, Canon's highest Cyclically Adjusted Price-to-FCF was 19.65. The lowest was 7.26. And the median was 13.90.

WBO:CNN1's Cyclically Adjusted Price-to-FCF is ranked better than
68.75% of 960 companies
in the Hardware industry
Industry Median: 28.155 vs WBO:CNN1: 18.01

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.

Canon's adjusted free cash flow per share data for the three months ended in Dec. 2023 was €0.696. 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 €1.55 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Canon Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Canon'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.

Canon Cyclically Adjusted Price-to-FCF Chart

Canon Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 12.04 9.20 12.58 12.28 15.47

Canon 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 12.28 12.48 16.35 15.49 15.47

Competitive Comparison of Canon's Cyclically Adjusted Price-to-FCF

For the Computer Hardware subindustry, Canon'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.


Canon's Cyclically Adjusted Price-to-FCF Distribution in the Hardware Industry

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

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



Canon 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=25.11/1.55
=16.20

* 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.

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

For example, Canon'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)
=0.696/106.8000*106.8000
=0.696

Current CPI (Dec. 2023) = 106.8000.

Canon Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 0.468 95.700 0.522
201406 0.693 98.000 0.755
201409 0.366 98.500 0.397
201412 0.790 97.900 0.862
201503 0.303 97.900 0.331
201506 0.423 98.400 0.459
201509 0.328 98.500 0.356
201512 0.458 98.100 0.499
201603 0.454 97.900 0.495
201606 0.604 98.100 0.658
201609 0.325 98.000 0.354
201612 0.840 98.400 0.912
201703 0.939 98.100 1.022
201706 0.667 98.500 0.723
201709 0.418 98.800 0.452
201712 0.881 99.400 0.947
201803 -0.040 99.200 -0.043
201806 0.541 99.200 0.582
201809 -0.055 99.900 -0.059
201812 0.813 99.700 0.871
201903 0.086 99.700 0.092
201906 -0.026 99.800 -0.028
201909 0.272 100.100 0.290
201912 0.777 100.500 0.826
202003 0.151 100.300 0.161
202006 0.315 99.900 0.337
202009 0.111 99.900 0.119
202012 0.724 99.300 0.779
202103 0.651 99.900 0.696
202106 0.739 99.500 0.793
202109 0.267 100.100 0.285
202112 0.348 100.100 0.371
202203 -0.235 101.100 -0.248
202206 0.496 101.800 0.520
202209 0.105 103.100 0.109
202212 0.123 104.100 0.126
202303 0.208 104.400 0.213
202306 0.214 105.200 0.217
202309 0.317 106.200 0.319
202312 0.696 106.800 0.696

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.


Canon  (WBO:CNN1) 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.


Canon Cyclically Adjusted Price-to-FCF Related Terms

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


Canon (WBO:CNN1) Business Description

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Canon Inc designs, manufactures and distributes an extensive range of consumer and electronic products, including copiers, cameras, lenses, and inkjet printers. The company operates four major business segments: printing, imaging, medical, industrial, and others. It generates maximum revenue from the printing segment. Printing Business Unit includes Office multifunction devices (MFDs), Document solutions, Laser multifunction printers (MFPs), Laser printers, Inkjet printers, Image scanners, Calculators, Digital continuous feed presses, Digital sheet-fed presses, and Large format printers.

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