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Xerox Holdings (XSWX:XRX) Cyclically Adjusted Price-to-FCF : (As of May. 08, 2024)


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What is Xerox Holdings Cyclically Adjusted Price-to-FCF?

Note: If the price history is too short, we do not calculate current Cyclically Adjusted Price-to-FCF for this stock. All the historical data is shown as the company's primary share's data instead.

Shiller PE for Stocks: The True Measure of Stock Valuation


Xerox Holdings Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Xerox Holdings'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.

Xerox Holdings Cyclically Adjusted Price-to-FCF Chart

Xerox Holdings 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 7.34 5.07 4.80 3.44 4.52

Xerox Holdings 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 3.46 3.40 3.80 4.52 4.58

Competitive Comparison of Xerox Holdings's Cyclically Adjusted Price-to-FCF

For the Information Technology Services subindustry, Xerox Holdings'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.


Xerox Holdings's Cyclically Adjusted Price-to-FCF Distribution in the Software Industry

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

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



Xerox Holdings 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.

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

For example, Xerox Holdings'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)
=-0.349/129.4194*129.4194
=-0.349

Current CPI (Mar. 2024) = 129.4194.

Xerox Holdings Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.613 100.560 0.789
201409 1.553 100.428 2.001
201412 3.477 99.070 4.542
201503 0.063 99.621 0.082
201506 0.833 100.684 1.071
201509 0.767 100.392 0.989
201512 3.852 99.792 4.996
201603 -0.219 100.470 -0.282
201606 0.527 101.688 0.671
201609 1.295 101.861 1.645
201612 0.939 101.863 1.193
201703 0.102 102.862 0.128
201706 0.901 103.349 1.128
201709 -1.710 104.136 -2.125
201712 -0.672 104.011 -0.836
201803 0.729 105.290 0.896
201806 0.779 106.317 0.948
201809 0.957 106.507 1.163
201812 1.659 105.998 2.026
201903 0.881 107.251 1.063
201906 1.296 108.070 1.552
201909 1.483 108.329 1.772
201912 1.827 108.420 2.181
202003 0.636 108.902 0.756
202006 0.063 108.767 0.075
202009 0.356 109.815 0.420
202012 0.867 109.897 1.021
202103 0.411 111.754 0.476
202106 0.794 114.631 0.896
202109 0.330 115.734 0.369
202112 0.740 117.630 0.814
202203 0.205 121.301 0.219
202206 -0.420 125.017 -0.435
202209 -0.077 125.227 -0.080
202212 0.691 125.222 0.714
202303 0.286 127.348 0.291
202306 0.350 128.729 0.352
202309 0.445 129.860 0.443
202312 1.448 129.419 1.448
202403 -0.349 129.419 -0.349

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.


Xerox Holdings  (XSWX:XRX) 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.


Xerox Holdings Cyclically Adjusted Price-to-FCF Related Terms

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Xerox Holdings (XSWX:XRX) Business Description

Industry
Address
201 Merritt 7, P.O. Box 4505, Norwalk, CT, USA, 06851-1056
Xerox Holdings Corp is an original equipment manufacturing and software company. Xerox operates in one segment--design, development, and sale of printing technology and related solutions--while deriving 60% of its revenue from the U.S. and 40% from international markets. The company is an OEM of multifunction printers, or MFPs (printers that can print, copy, and scan), focusing on large enterprise markets. Apart from equipment, the company provides post-sales services like managed print services--a service that helps to bring smart servicing and efficiencies to how employers use their print/copy equipment. Xerox is attempting to enter new markets like digital print packaging solutions and printed electronics.