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Bio-Rad Laboratories (Bio-Rad Laboratories) Cyclically Adjusted Price-to-FCF : 34.69 (As of Apr. 27, 2024)


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What is Bio-Rad Laboratories Cyclically Adjusted Price-to-FCF?

As of today (2024-04-27), Bio-Rad Laboratories's current share price is $279.91. Bio-Rad Laboratories's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was $8.07. Bio-Rad Laboratories's Cyclically Adjusted Price-to-FCF for today is 34.69.

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

BIO.B' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 22.14   Med: 50.77   Max: 129.56
Current: 33.94

During the past years, Bio-Rad Laboratories's highest Cyclically Adjusted Price-to-FCF was 129.56. The lowest was 22.14. And the median was 50.77.

BIO.B's Cyclically Adjusted Price-to-FCF is ranked better than
58.52% of 229 companies
in the Medical Devices & Instruments industry
Industry Median: 42.75 vs BIO.B: 33.94

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.

Bio-Rad Laboratories's adjusted free cash flow per share data for the three months ended in Dec. 2023 was $1.348. 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 $8.07 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Bio-Rad Laboratories Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Bio-Rad Laboratories'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.

Bio-Rad Laboratories Cyclically Adjusted Price-to-FCF Chart

Bio-Rad Laboratories 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 80.09 102.22 104.57 56.71 39.71

Bio-Rad Laboratories Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 56.71 61.43 46.69 43.62 39.71

Competitive Comparison of Bio-Rad Laboratories's Cyclically Adjusted Price-to-FCF

For the Medical Devices subindustry, Bio-Rad Laboratories'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.


Bio-Rad Laboratories's Cyclically Adjusted Price-to-FCF Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Bio-Rad Laboratories's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Bio-Rad Laboratories's Cyclically Adjusted Price-to-FCF falls into.



Bio-Rad Laboratories 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.

Bio-Rad Laboratories's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=279.91/8.07
=34.69

* 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.

Bio-Rad Laboratories's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, Bio-Rad Laboratories's adjusted Free Cash Flow per Share data for the three months ended in Dec. 2023 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=1.348/129.4194*129.4194
=1.348

Current CPI (Dec. 2023) = 129.4194.

Bio-Rad Laboratories Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 1.054 99.695 1.368
201406 1.475 100.560 1.898
201409 2.169 100.428 2.795
201412 0.003 99.070 0.004
201503 0.036 99.621 0.047
201506 0.215 100.684 0.276
201509 1.953 100.392 2.518
201512 0.270 99.792 0.350
201603 -1.110 100.470 -1.430
201606 1.540 101.688 1.960
201609 0.409 101.861 0.520
201612 1.661 101.863 2.110
201703 -3.194 102.862 -4.019
201706 1.098 103.349 1.375
201709 0.276 104.136 0.343
201712 1.436 104.011 1.787
201803 0.436 105.290 0.536
201806 1.693 106.317 2.061
201809 1.328 106.507 1.614
201812 1.693 105.998 2.067
201903 0.642 107.251 0.775
201906 4.417 108.070 5.290
201909 2.302 108.329 2.750
201912 4.563 108.420 5.447
202003 1.362 108.902 1.619
202006 2.462 108.767 2.929
202009 3.840 109.815 4.526
202012 8.125 109.897 9.568
202103 3.116 111.754 3.609
202106 4.353 114.631 4.915
202109 6.476 115.734 7.242
202112 3.790 117.630 4.170
202203 0.582 121.301 0.621
202206 1.206 125.017 1.248
202209 -0.557 125.227 -0.576
202212 1.465 125.222 1.514
202303 2.097 127.348 2.131
202306 2.161 128.729 2.173
202309 1.836 129.860 1.830
202312 1.348 129.419 1.348

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.


Bio-Rad Laboratories  (NYSE:BIO.B) 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.


Bio-Rad Laboratories Cyclically Adjusted Price-to-FCF Related Terms

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


Bio-Rad Laboratories (Bio-Rad Laboratories) Business Description

Traded in Other Exchanges
Address
1000 Alfred Nobel Drive, Hercules, CA, USA, 94547
Bio-Rad Laboratories, headquartered in Hercules, California, develops, manufactures, and markets products and solutions for the clinical diagnostics and life sciences markets. In diagnostics (53% of sales), Bio-Rad manufactures, sells, and supports test systems and specialized quality controls for clinical laboratories. In life sciences (47% of sales), the firm develops and manufactures a range of instruments and reagents used in research, biopharmaceutical production, and food testing. The company is geographically diverse, with major markets in the Americas, Europe and Africa , and Asia-Pacific. Bio-Rad owns 37% of Sartorius AG, a laboratory and biopharmaceutical supplier.