Logitech International (XSWX:LOGN) Cyclically Adjusted Price-to-FCF: 23.22 (As of Sep. 22, 2026) — 27% Below Median

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Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
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Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

XSWX:LOGN Logitech International SA XSWX:LOGN
78 GF Score
Price CHF84.62
GF Value CHF82.32
Valuation Fairly Valued
! 2 Warning Signs
View Full Analysis

What is Logitech International Cyclically Adjusted Price-to-FCF?

Logitech International XSWX:LOGN -1.49% 78 Cyclically Adjusted Price-to-FCF is 23.22 as of Sep. 22, 2026, which is 27% below its 10-year median of 31.88. GuruFocus rates XSWX:LOGN with a GF Score™ of 78/100 and a GF Value™ of CHF82.32 (Fairly Valued). The stock has 2 warning signs investors should review. Among 982 Hardware companies, Logitech International ranks better than 62.53% on this metric.

As of today (2026-09-22), Logitech International's current share price is CHF84.62. Logitech International's Cyclically Adjusted FCF per Share for the quarter that ended in Jun. 2026 was CHF3.65. Logitech International's Cyclically Adjusted Price-to-FCF for today is 23.22.

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

XSWX:LOGN' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 18.49   Med: 31.88   Max: 68.5
Current: 22.96

During the past years, Logitech International's highest Cyclically Adjusted Price-to-FCF was 68.50. The lowest was 18.49. And the median was 31.88.

XSWX:LOGN's Cyclically Adjusted Price-to-FCF is ranked better than
62.53% of 982 companies
in the Hardware industry
Industry Median: 33.94 vs XSWX:LOGN: 22.96

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.

Logitech International's adjusted free cash flow per share data for the three months ended in Jun. 2026 was CHF0.817. 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 CHF3.65 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Logitech International  (XSWX:LOGN) 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.


Logitech International Cyclically Adjusted Price-to-FCF Related Terms


Logitech International Cyclically Adjusted Price-to-FCF Historical Data

* Premium members only.

The historical data trend for Logitech International'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.

Logitech International Cyclically Adjusted Price-to-FCF Chart

Logitech International Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 36.77 24.66 30.01 24.03 20.48

Logitech International Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 22.42 26.34 23.72 20.38 20.78

XSWX:LOGN vs DELL, ANET, SNDK: Cyclically Adjusted Price-to-FCF Comparison

For the Computer Hardware subindustry, Logitech International'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.


Logitech International Cyclically Adjusted Price-to-FCF vs Hardware Industry

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

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


XSWX:LOGN
78GF Score
Logitech International SA XSWX:LOGN
Cyclically Adjusted Price-to-FCF is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Logitech International 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=84.62/3.645
=23.22

* 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.

Logitech International's Cyclically Adjusted FCF per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Logitech International's adjusted Free Cash Flow per Share data for the three months ended in Jun. 2026 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=0.817/108.5600*108.5600
=0.817

Current CPI (Jun. 2026) = 108.5600.

Logitech International Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201609 0.393 99.604 0.428
201612 0.819 99.380 0.895
201703 0.221 100.040 0.240
201706 -0.064 100.285 -0.069
201709 0.353 100.254 0.382
201712 1.035 100.213 1.121
201803 0.434 100.836 0.467
201806 0.021 101.435 0.022
201809 0.438 101.246 0.470
201812 0.969 100.906 1.043
201903 0.150 101.571 0.160
201906 0.161 102.044 0.171
201909 0.574 101.396 0.615
201912 0.998 101.063 1.072
202003 0.511 101.048 0.549
202006 0.603 100.743 0.650
202009 1.438 100.585 1.552
202012 2.741 100.241 2.968
202103 2.626 100.800 2.828
202106 -0.739 101.352 -0.792
202109 -0.459 101.533 -0.491
202112 1.943 101.776 2.073
202203 0.404 103.205 0.425
202206 -0.320 104.783 -0.332
202209 0.276 104.835 0.286
202212 1.516 104.666 1.572
202303 1.135 106.245 1.160
202306 1.255 106.576 1.278
202309 1.138 106.570 1.159
202312 2.439 106.461 2.487
202403 1.278 107.355 1.292
202406 0.942 107.991 0.947
202409 0.853 107.468 0.862
202412 2.067 107.128 2.095
202503 0.705 107.722 0.710
202506 0.603 108.075 0.606
202509 1.154 107.710 1.163
202512 2.527 107.200 2.559
202603 0.999 108.060 1.004
202606 0.817 108.560 0.817

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.

What does a Cyclically Adjusted Price-to-FCF of 23.22 mean?
Logitech International (XSWX:LOGN) has a Cyclically Adjusted Price-to-FCF of 23.22 as of Sep. 22, 2026. Cyclically Adjusted Price-to-FCF Ratio is the ratio of share price to a company's inflation-adjusted FCF per share over a 10-year period. View historical data on Logitech International and its competitors. This is 27% below median its historical median of 31.88. Over the past decade, Logitech International's Cyclically Adjusted Price-to-FCF has ranged from 18.49 to 68.50. According to the industry distribution chart, Logitech International ranks #368 out of 982 companies in the Hardware industry, placing it in the top 37.5%.
Is Logitech International's Cyclically Adjusted Price-to-FCF too high?
Logitech International's current Cyclically Adjusted Price-to-FCF of 23.22 is 27% below median its 10-year median of 31.88. Over the past 10 years, this metric has ranged from a low of 18.49 to a high of 68.50. The Hardware industry median Cyclically Adjusted Price-to-FCF is 33.94. Logitech International's value of 23.22 is 31.6% below this industry median. Based on the distribution chart, Logitech International ranks #368 out of 982 companies in the Hardware industry, which is above the industry midpoint. Overall, Logitech International has a GF Score™ of 78/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Logitech International's Cyclically Adjusted Price-to-FCF compare to DELL and ANET?
According to the Hardware industry distribution chart, Logitech International ranks #368 out of 982 companies for Cyclically Adjusted Price-to-FCF. This puts Logitech International in the upper half of its industry. The industry median Cyclically Adjusted Price-to-FCF is 33.94. Logitech International's value of 23.22 is 31.6% below this benchmark. Historically, Logitech International's own Cyclically Adjusted Price-to-FCF has ranged from 18.49 to 68.50 over the past decade. While the company's 10-year median is 31.88 vs. the industry median of 33.94, Logitech International has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted Price-to-FCF for a Hardware company?
The median Cyclically Adjusted Price-to-FCF among Hardware companies is 33.94, based on 982 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted Price-to-FCF significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted Price-to-FCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Logitech International's current Cyclically Adjusted Price-to-FCF of 23.22 is 31.6% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted Price-to-FCF mean?
A high Cyclically Adjusted Price-to-FCF can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted Price-to-FCF Ratio is the ratio of share price to a company's inflation-adjusted FCF per share over a 10-year period. View historical data on Logitech International and its competitors. For the Hardware industry, the median Cyclically Adjusted Price-to-FCF is 33.94 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Logitech International's current Cyclically Adjusted Price-to-FCF is 23.22, which is 27% below median its own 10-year median of 31.88. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Logitech International stock overvalued right now?
Based on GuruFocus' analysis, Logitech International (XSWX:LOGN) is currently considered Fairly Valued. The stock's GF Value™ is CHF82.32, compared to a current price of CHF84.62 — trading 2.8% above its estimated fair value. The current Cyclically Adjusted Price-to-FCF is 23.22, which is 27% below median its 10-year median of 31.88 and 31.6% below the Hardware industry median of 33.94. Logitech International's overall GF Score™ is 78/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted Price-to-FCF calculated?
Cyclically Adjusted Price-to-FCF is calculated from a company's financial statements. For Logitech International (XSWX:LOGN), the current Cyclically Adjusted Price-to-FCF is 23.22 as of Sep. 22, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Logitech International (XSWX:LOGN) Overvalued in 2026?

Based on GuruFocus' analysis, Logitech International stock appears to be overvalued. The current stock price of CHF84.62 is trading 2.8% above its estimated GF Value™ of CHF82.32. GuruFocus considers Logitech International to be Fairly Valued.

Key valuation signals for XSWX:LOGN:

  • Cyclically Adjusted Price-to-FCF: 23.22 (27% below median its 10-year median of 31.88)
  • GF Value™: CHF82.32 vs. price of CHF84.62 (2.8% above fair value)
  • GF Score™: 78/100 with 2 warning signs
  • Industry Position: 31.6% below the Hardware median (#368 of 982)

No single metric tells the full story. See the XSWX:LOGN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Logitech International Business Description

Address EPFL - Quartier de l\'Innovation, Daniel Borel Innovation Center, Lausanne, CHE, 1015
Logitech was founded in 1981 and is headquartered in Lausanne, Switzerland. The company specializes in designing and manufacturing computer peripherals such as mice, keyboards, webcams, conference room cameras, headsets, and music-related products like wireless speakers.
78GF Score

Get the complete analysis for XSWX:LOGN

Cyclically Adjusted Price-to-FCF is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

CHF84.62
Price
CHF82.32
GF Value