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Japan Tobacco (WBO:JAT) Cyclically Adjusted Price-to-FCF : 19.20 (As of Jun. 19, 2024)


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What is Japan Tobacco Cyclically Adjusted Price-to-FCF?

As of today (2024-06-19), Japan Tobacco's current share price is €26.49. Japan Tobacco's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was €1.38. Japan Tobacco's Cyclically Adjusted Price-to-FCF for today is 19.20.

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

WBO:JAT' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 9.54   Med: 14   Max: 28.89
Current: 19.94

During the past years, Japan Tobacco's highest Cyclically Adjusted Price-to-FCF was 28.89. The lowest was 9.54. And the median was 14.00.

WBO:JAT's Cyclically Adjusted Price-to-FCF is ranked worse than
87.5% of 24 companies
in the Tobacco Products industry
Industry Median: 10.365 vs WBO:JAT: 19.94

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.

Japan Tobacco's adjusted free cash flow per share data for the three months ended in Mar. 2024 was €0.114. 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 €1.38 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Japan Tobacco Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Japan Tobacco'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.

Japan Tobacco Cyclically Adjusted Price-to-FCF Chart

Japan Tobacco Annual Data
Trend Mar14 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 13.07 10.83 11.57 12.48 16.11

Japan Tobacco 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 13.29 14.25 14.43 16.11 17.87

Competitive Comparison of Japan Tobacco's Cyclically Adjusted Price-to-FCF

For the Tobacco subindustry, Japan Tobacco'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.


Japan Tobacco's Cyclically Adjusted Price-to-FCF Distribution in the Tobacco Products Industry

For the Tobacco Products industry and Consumer Defensive sector, Japan Tobacco's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Japan Tobacco 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=26.49/1.38
=19.20

* 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.

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

For example, Japan Tobacco'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)
=0.114/107.2000*107.2000
=0.114

Current CPI (Mar. 2024) = 107.2000.

Japan Tobacco Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -0.235 98.000 -0.257
201409 0.802 98.500 0.873
201412 1.071 97.900 1.173
201503 -0.735 97.900 -0.805
201506 0.609 98.400 0.663
201509 0.536 98.500 0.583
201512 0.975 98.100 1.065
201603 -0.876 97.900 -0.959
201606 0.190 98.100 0.208
201609 0.782 98.000 0.855
201612 1.197 98.400 1.304
201703 -0.464 98.100 -0.507
201706 0.367 98.500 0.399
201709 1.085 98.800 1.177
201712 0.170 99.400 0.183
201803 0.206 99.200 0.223
201806 0.484 99.200 0.523
201809 0.688 99.900 0.738
201812 -0.080 99.700 -0.086
201903 0.399 99.700 0.429
201906 0.332 99.800 0.357
201909 0.021 100.100 0.022
201912 1.120 100.500 1.195
202003 -0.148 100.300 -0.158
202006 0.505 99.900 0.542
202009 1.112 99.900 1.193
202012 0.395 99.300 0.426
202103 -0.043 99.900 -0.046
202106 0.585 99.500 0.630
202109 0.993 100.100 1.063
202112 0.611 100.100 0.654
202203 0.084 101.100 0.089
202206 0.200 101.800 0.211
202209 0.831 103.100 0.864
202212 0.416 104.100 0.428
202303 0.105 104.400 0.108
202306 0.475 105.200 0.484
202309 0.913 106.200 0.922
202312 0.123 106.800 0.123
202403 0.114 107.200 0.114

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.


Japan Tobacco  (WBO:JAT) 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.


Japan Tobacco Cyclically Adjusted Price-to-FCF Related Terms

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


Japan Tobacco (WBO:JAT) Business Description

Traded in Other Exchanges
Address
2-1, Toranomon 2-chome, Minato-ku, Tokyo, JPN, 105-8422
Japan Tobacco is the third-largest tobacco company globally. It owns a rich brand portfolio including Winston (non-U.S.), Camel (non-U.S.), and Mevius, and holds leading shares in many core markets including Japan, Russia, and the U.K. It has added Logic as a vaping brand and Ploom heated tobacco lines into its reduced-risk-product portfolio. The tobacco business contributes 90% of group sales and nearly all profits, with more than half generated by the overseas tobacco operations. JTI was created through the acquisition of R.J. Reynolds' non-U.S. operations in 1999 and further expanded through multiple acquisitions, of which the purchase of Gallaher in 2007 was the most notable, doubling JTI's sales. Pharmaceutical and processed food operations are the other businesses.

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