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Jenoptik AG (XTER:JEN) Cyclically Adjusted Price-to-FCF : 16.83 (As of Mar. 03, 2025)


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What is Jenoptik AG Cyclically Adjusted Price-to-FCF?

As of today (2025-03-03), Jenoptik AG's current share price is €22.72. Jenoptik AG's Cyclically Adjusted FCF per Share for the quarter that ended in Sep. 2024 was €1.35. Jenoptik AG's Cyclically Adjusted Price-to-FCF for today is 16.83.

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

XTER:JEN' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 15.23   Med: 25.49   Max: 47.3
Current: 16.81

During the past years, Jenoptik AG's highest Cyclically Adjusted Price-to-FCF was 47.30. The lowest was 15.23. And the median was 25.49.

XTER:JEN's Cyclically Adjusted Price-to-FCF is ranked better than
72.4% of 866 companies
in the Hardware industry
Industry Median: 31.025 vs XTER:JEN: 16.81

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.

Jenoptik AG's adjusted free cash flow per share data for the three months ended in Sep. 2024 was €0.222. 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 €1.35 for the trailing ten years ended in Sep. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Jenoptik AG Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Jenoptik AG'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.

Jenoptik AG Cyclically Adjusted Price-to-FCF Chart

Jenoptik AG 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 27.11 26.19 36.70 22.62 23.06

Jenoptik AG Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 19.61 23.06 22.21 19.72 20.42

Competitive Comparison of Jenoptik AG's Cyclically Adjusted Price-to-FCF

For the Electronic Components subindustry, Jenoptik AG'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.


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

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

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



Jenoptik AG 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=22.72/1.35
=16.83

* 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.

Jenoptik AG's Cyclically Adjusted FCF per Share for the quarter that ended in Sep. 2024 is calculated as:

For example, Jenoptik AG's adjusted Free Cash Flow per Share data for the three months ended in Sep. 2024 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Sep. 2024 (Change)*Current CPI (Sep. 2024)
=0.222/126.1978*126.1978
=0.222

Current CPI (Sep. 2024) = 126.1978.

Jenoptik AG Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201412 0.420 99.543 0.532
201503 -0.116 99.717 -0.147
201506 0.159 100.417 0.200
201509 0.305 100.417 0.383
201512 0.783 99.717 0.991
201603 0.172 100.017 0.217
201606 0.130 100.717 0.163
201609 0.352 101.017 0.440
201612 0.587 101.217 0.732
201703 0.151 101.417 0.188
201706 0.164 102.117 0.203
201709 0.143 102.717 0.176
201712 0.618 102.617 0.760
201803 0.192 102.917 0.235
201806 0.197 104.017 0.239
201809 0.415 104.718 0.500
201812 0.832 104.217 1.007
201903 -0.144 104.217 -0.174
201906 -0.288 105.718 -0.344
201909 0.351 106.018 0.418
201912 1.212 105.818 1.445
202003 0.214 105.718 0.255
202006 -0.118 106.618 -0.140
202009 -0.080 105.818 -0.095
202012 0.776 105.518 0.928
202103 0.224 107.518 0.263
202106 -0.130 108.486 -0.151
202109 0.072 109.435 0.083
202112 0.735 110.384 0.840
202203 -0.006 113.968 -0.007
202206 0.042 115.760 0.046
202209 0.210 118.818 0.223
202212 0.867 119.345 0.917
202303 0.415 122.402 0.428
202306 -0.268 123.140 -0.275
202309 0.258 124.195 0.262
202312 0.993 123.773 1.012
202403 0.233 125.038 0.235
202406 0.302 125.882 0.303
202409 0.222 126.198 0.222

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.


Jenoptik AG  (XTER:JEN) 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.


Jenoptik AG Cyclically Adjusted Price-to-FCF Related Terms

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


Jenoptik AG Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Jenoptik AG (XTER:JEN) » Definitions » Cyclically Adjusted Price-to-FCF
Address
Carl-Zeiss-Strasse 1, Jena, DEU, 07743
Jenoptik AG is a Germany-based company that manufactures and distributes optical technology products to the semiconductor equipment, automotive, medical technology, defense, security, and aviation industries. Its products include optoelectronic systems, power supply, and drive systems, industrial metrology, camera and camera modules, laser technology, light-emitting diode technology, aviation systems, and traffic safety systems. The company's operating segments are; Advanced Photonic Solutions which generates key revenue, Smart Mobility Solutions, and Non-Photonic portfolio companies.
Executives
Dr. Prisca Havranek-kosicek Board of Directors
Dr. Ralf Kuschnereit Board of Directors
Dr. Stefan Traeger Board of Directors

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