GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Teva Pharmaceutical Industries Ltd (WBO:TEVA) » Definitions » Cyclically Adjusted Price-to-FCF

Teva Pharmaceutical Industries (WBO:TEVA) Cyclically Adjusted Price-to-FCF : 6.79 (As of May. 17, 2024)


View and export this data going back to 2018. Start your Free Trial

What is Teva Pharmaceutical Industries Cyclically Adjusted Price-to-FCF?

As of today (2024-05-17), Teva Pharmaceutical Industries's current share price is €15.20. Teva Pharmaceutical Industries's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was €2.24. Teva Pharmaceutical Industries's Cyclically Adjusted Price-to-FCF for today is 6.79.

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

WBO:TEVA' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 1.66   Med: 4.68   Max: 21.14
Current: 6.93

During the past years, Teva Pharmaceutical Industries's highest Cyclically Adjusted Price-to-FCF was 21.14. The lowest was 1.66. And the median was 4.68.

WBO:TEVA's Cyclically Adjusted Price-to-FCF is ranked better than
92.97% of 327 companies
in the Drug Manufacturers industry
Industry Median: 33.44 vs WBO:TEVA: 6.93

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.

Teva Pharmaceutical Industries's adjusted free cash flow per share data for the three months ended in Mar. 2024 was €-0.203. 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 €2.24 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Teva Pharmaceutical Industries Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Teva Pharmaceutical Industries'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.

Teva Pharmaceutical Industries Cyclically Adjusted Price-to-FCF Chart

Teva Pharmaceutical Industries 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 2.70 2.68 2.52 3.36 4.17

Teva Pharmaceutical Industries 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 3.40 3.04 4.24 4.17 5.85

Competitive Comparison of Teva Pharmaceutical Industries's Cyclically Adjusted Price-to-FCF

For the Drug Manufacturers - Specialty & Generic subindustry, Teva Pharmaceutical Industries'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.


Teva Pharmaceutical Industries's Cyclically Adjusted Price-to-FCF Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Teva Pharmaceutical Industries's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Teva Pharmaceutical Industries 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.

Teva Pharmaceutical Industries's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=15.20/2.24
=6.79

* 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.

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

For example, Teva Pharmaceutical Industries'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)
=-0.203/131.7762*131.7762
=-0.203

Current CPI (Mar. 2024) = 131.7762.

Teva Pharmaceutical Industries Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.739 100.560 0.968
201409 1.092 100.428 1.433
201412 1.368 99.070 1.820
201503 1.257 99.621 1.663
201506 1.360 100.684 1.780
201509 0.954 100.392 1.252
201512 1.433 99.792 1.892
201603 1.175 100.470 1.541
201606 0.762 101.688 0.987
201609 1.123 101.861 1.453
201612 -0.226 101.863 -0.292
201703 -0.061 102.862 -0.078
201706 0.212 103.349 0.270
201709 0.747 104.136 0.945
201712 0.492 104.011 0.623
201803 1.060 105.290 1.327
201806 0.022 106.317 0.027
201809 0.237 106.507 0.293
201812 0.131 105.998 0.163
201903 -0.011 107.251 -0.014
201906 -0.275 108.070 -0.335
201909 0.130 108.329 0.158
201912 0.346 108.420 0.421
202003 0.146 108.902 0.177
202006 0.115 108.767 0.139
202009 0.127 109.815 0.152
202012 0.116 109.897 0.139
202103 -0.421 111.754 -0.496
202106 0.079 114.631 0.091
202109 0.294 115.734 0.335
202112 0.243 117.630 0.272
202203 -0.169 121.301 -0.184
202206 -0.003 125.017 -0.003
202209 0.380 125.227 0.400
202212 0.705 125.222 0.742
202303 -0.238 127.348 -0.246
202306 0.169 128.729 0.173
202309 -0.119 129.860 -0.121
202312 0.873 129.419 0.889
202403 -0.203 131.776 -0.203

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.


Teva Pharmaceutical Industries  (WBO:TEVA) 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.


Teva Pharmaceutical Industries Cyclically Adjusted Price-to-FCF Related Terms

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


Teva Pharmaceutical Industries (WBO:TEVA) Business Description

Address
124 Dvora HaNevi’a Street, Tel Aviv, ISR, 6944020
Teva Pharmaceutical, based in Israel, is the leading generic drug manufacturer in the world. Teva derives half of its sales from North America and makes up a high-single-digit percentage of the total number of generic prescriptions in the U.S. It also has a significant presence in Europe, Japan, Russia, and Israel. Besides generics, Teva has a portfolio of innovative medicines and biosimilars in three main therapeutic areas: central nervous system with Copaxone, Ajovy and Austedo; respiratory with Qvar and ProAir; and oncology with Truxima, Herzuma, and Bendeka/Treanda. Teva also sells active pharmaceutical ingredients, offers contract manufacturing services, and owns Anda, a U.S.-based generic and specialty drug distributor.