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Elbit Systems (Elbit Systems) Cyclically Adjusted Price-to-FCF : 83.65 (As of Apr. 27, 2024)


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What is Elbit Systems Cyclically Adjusted Price-to-FCF?

As of today (2024-04-27), Elbit Systems's current share price is $200.76. Elbit Systems's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was $2.40. Elbit Systems's Cyclically Adjusted Price-to-FCF for today is 83.65.

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

ESLT' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 14.23   Med: 46.77   Max: 107.76
Current: 87.33

During the past years, Elbit Systems's highest Cyclically Adjusted Price-to-FCF was 107.76. The lowest was 14.23. And the median was 46.77.

ESLT's Cyclically Adjusted Price-to-FCF is ranked worse than
75.45% of 110 companies
in the Aerospace & Defense industry
Industry Median: 35.485 vs ESLT: 87.33

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.

Elbit Systems's adjusted free cash flow per share data for the three months ended in Dec. 2023 was $6.374. 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 $2.40 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Elbit Systems Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Elbit Systems'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.

Elbit Systems Cyclically Adjusted Price-to-FCF Chart

Elbit Systems 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 70.75 49.88 50.62 55.81 88.97

Elbit Systems 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 55.81 64.07 102.16 96.02 88.97

Competitive Comparison of Elbit Systems's Cyclically Adjusted Price-to-FCF

For the Aerospace & Defense subindustry, Elbit Systems'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.


Elbit Systems's Cyclically Adjusted Price-to-FCF Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Elbit Systems's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Elbit Systems 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.

Elbit Systems's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=200.76/2.4
=83.65

* 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.

Elbit Systems's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, Elbit Systems'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)
=6.374/129.4194*129.4194
=6.374

Current CPI (Dec. 2023) = 129.4194.

Elbit Systems Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 1.568 99.695 2.036
201406 -1.830 100.560 -2.355
201409 -0.740 100.428 -0.954
201412 3.499 99.070 4.571
201503 1.323 99.621 1.719
201506 0.231 100.684 0.297
201509 2.794 100.392 3.602
201512 3.505 99.792 4.546
201603 0.065 100.470 0.084
201606 -1.990 101.688 -2.533
201609 -1.148 101.861 -1.459
201612 5.033 101.863 6.395
201703 -1.938 102.862 -2.438
201706 0.704 103.349 0.882
201709 -3.868 104.136 -4.807
201712 4.922 104.011 6.124
201803 -4.050 105.290 -4.978
201806 2.891 106.317 3.519
201809 -0.875 106.507 -1.063
201812 4.109 105.998 5.017
201903 0.453 107.251 0.547
201906 -3.989 108.070 -4.777
201909 -1.848 108.329 -2.208
201912 1.067 108.420 1.274
202003 -0.955 108.902 -1.135
202006 3.457 108.767 4.113
202009 -2.193 109.815 -2.585
202012 3.006 109.897 3.540
202103 -1.037 111.754 -1.201
202106 2.994 114.631 3.380
202109 -1.027 115.734 -1.148
202112 5.156 117.630 5.673
202203 -0.214 121.301 -0.228
202206 -5.187 125.017 -5.370
202209 2.174 125.227 2.247
202212 4.008 125.222 4.142
202303 -2.471 127.348 -2.511
202306 -4.439 128.729 -4.463
202309 -1.117 129.860 -1.113
202312 6.374 129.419 6.374

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.


Elbit Systems  (NAS:ESLT) 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.


Elbit Systems Cyclically Adjusted Price-to-FCF Related Terms

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


Elbit Systems (Elbit Systems) Business Description

Traded in Other Exchanges
Address
Advanced Technology Center, P.O. Box 539, Haifa, ISR, 3100401
Elbit Systems Ltd is a technology company involved in producing a portfolio of systems and products for aircraft, land, and naval applications. The company's products are used for defense, homeland security, and commercial flight capabilities. Its systems and solutions may be installed on new platforms, or it may perform a comprehensive modernization program to transform a platform. Elbit Systems gives instructions to its customers on the proper maintenance of its products and will provide support team specialists when the customer cannot fix a problem. The company markets its systems and products as a prime contractor or as a subcontractor to government, defense, and homeland security contractors world wide.

Elbit Systems (Elbit Systems) Headlines

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