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Armstrong World Industries (Armstrong World Industries) Cyclically Adjusted Price-to-FCF : 55.85 (As of May. 15, 2024)


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What is Armstrong World Industries Cyclically Adjusted Price-to-FCF?

As of today (2024-05-15), Armstrong World Industries's current share price is $117.84. Armstrong World Industries's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was $2.11. Armstrong World Industries's Cyclically Adjusted Price-to-FCF for today is 55.85.

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

AWI' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 17.66   Med: 48.19   Max: 119.61
Current: 55.75

During the past years, Armstrong World Industries's highest Cyclically Adjusted Price-to-FCF was 119.61. The lowest was 17.66. And the median was 48.19.

AWI's Cyclically Adjusted Price-to-FCF is ranked worse than
83.53% of 583 companies
in the Construction industry
Industry Median: 18.04 vs AWI: 55.75

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.

Armstrong World Industries's adjusted free cash flow per share data for the three months ended in Mar. 2024 was $0.265. 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 $2.11 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Armstrong World Industries Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Armstrong World 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.

Armstrong World Industries Cyclically Adjusted Price-to-FCF Chart

Armstrong World 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 105.07 71.10 93.09 45.20 51.55

Armstrong World 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 42.01 41.68 40.84 51.55 58.95

Competitive Comparison of Armstrong World Industries's Cyclically Adjusted Price-to-FCF

For the Building Products & Equipment subindustry, Armstrong World 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.


Armstrong World Industries's Cyclically Adjusted Price-to-FCF Distribution in the Construction Industry

For the Construction industry and Industrials sector, Armstrong World Industries's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Armstrong World 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.

Armstrong World Industries's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=117.84/2.11
=55.85

* 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.

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

For example, Armstrong World 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)
=0.265/129.4194*129.4194
=0.265

Current CPI (Mar. 2024) = 129.4194.

Armstrong World Industries Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -0.121 100.560 -0.156
201409 0.730 100.428 0.941
201412 0.468 99.070 0.611
201503 -1.083 99.621 -1.407
201506 1.129 100.684 1.451
201509 0.798 100.392 1.029
201512 -0.254 99.792 -0.329
201603 -1.682 100.470 -2.167
201606 -0.273 101.688 -0.347
201609 0.545 101.861 0.692
201612 0.427 101.863 0.543
201703 -0.270 102.862 -0.340
201706 0.229 103.349 0.287
201709 0.824 104.136 1.024
201712 0.724 104.011 0.901
201803 0.294 105.290 0.361
201806 0.905 106.317 1.102
201809 1.058 106.507 1.286
201812 0.260 105.998 0.317
201903 -0.002 107.251 -0.002
201906 0.402 108.070 0.481
201909 1.162 108.329 1.388
201912 0.691 108.420 0.825
202003 0.285 108.902 0.339
202006 0.969 108.767 1.153
202009 1.150 109.815 1.355
202012 1.002 109.897 1.180
202103 0.133 111.754 0.154
202106 0.931 114.631 1.051
202109 0.812 115.734 0.908
202112 0.366 117.630 0.403
202203 0.100 121.301 0.107
202206 0.653 125.017 0.676
202209 0.813 125.227 0.840
202212 0.767 125.222 0.793
202303 0.086 127.348 0.087
202306 0.856 128.729 0.861
202309 1.433 129.860 1.428
202312 0.982 129.419 0.982
202403 0.265 129.419 0.265

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.


Armstrong World Industries  (NYSE:AWI) 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.


Armstrong World Industries Cyclically Adjusted Price-to-FCF Related Terms

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


Armstrong World Industries (Armstrong World Industries) Business Description

Traded in Other Exchanges
Address
2500 Columbia Avenue, Lancaster, PA, USA, 17603
Armstrong World Industries Inc is engaged in the design, innovation and manufacture of ceiling and wall solutions in the Americas. The products include mineral fiber, fiberglass wool, metal, wood, wood fiber, glass-reinforced-gypsum and felt. The company also manufactures ceiling suspension system (grid) products through a joint venture with Worthington Industries, Inc. called Worthington Armstrong Venture (WAVE).
Executives
Victor Grizzle director, officer: CEO 2500 COLUMBIA AVE, LANCASTER PA 17604-3001
Monica M. Maheshwari officer: SVP, Human Resources 2500 COLUMBIA AVENUE, LANCASTER PA 17603
Mark A Hershey officer: See Remarks ARMSTRONG WORLD INDUSTRIES, INC., 2500 COLUMBIA AVENUE, LANCASTER PA 17604-3001
Christopher P. Calzaretta officer: SVP & CFO 2500 COLUMBIA AVENUE, LANCASTER PA 17603
Richard D Holder director EATON CENTER, 1111 SUPERIOR AVENUE, CLEVELAND OH 44114
William H Osborne director 1415 WEST 22ND STREET, SUITE 1100, OAK BROOK IL 60523
Jill A. Crager officer: SVP Sales Operations 2500 COLUMBIA AVENUE, LANCASTER PA 17603
Dawn M. Kirchner-king officer: SVP & CIO 2500 COLUMBIA AVENUE, LANCASTER PA 17603
Ellen R. Romano officer: SVP, Human Resources C/O 2500 COLUMBIA AVE, LANCASTER PA 17603
Austin So officer: SVP Gen Cnsl, Compliance C/O STONEMOR PARTNERS L.P., 3600 HORIZON BOULEVARD, TREVOSE PA 19053
Charles M Chiappone officer: SVP, Ceiling Solutions 2500 COLUMBIA AVE, LANCASTER PA 17603
James T. Burge officer: Vice President & Controller 2500 COLUMBIA AVENUE, LANCASTER PA 17603
Stephen F Mcnamara officer: VP, Controller C/O ARMSTRONG WORLD INDUSTRIES, INC., PO BOX 3001, LANCASTER PA 17604
Roy W Templin director ARMSTRONG WORLD INDUSTRIES, INC., 2500 COLUMBIA AVENUE, LANCASTER PA 17603
Barbara Loughran director 1999 BRYAN STREET, DALLAS TX 75201