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LightPath Technologies (LightPath Technologies) Cyclically Adjusted Price-to-FCF : (As of Apr. 29, 2024)


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What is LightPath Technologies Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


LightPath Technologies Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for LightPath Technologies'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.

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LightPath Technologies Cyclically Adjusted Price-to-FCF Chart

LightPath Technologies Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Cyclically Adjusted Price-to-FCF
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LightPath Technologies Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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Competitive Comparison of LightPath Technologies's Cyclically Adjusted Price-to-FCF

For the Electronic Components subindustry, LightPath Technologies'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.


LightPath Technologies's Cyclically Adjusted Price-to-FCF Distribution in the Hardware Industry

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

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



LightPath Technologies 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.

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

For example, LightPath Technologies'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)
=-0.022/129.4194*129.4194
=-0.022

Current CPI (Dec. 2023) = 129.4194.

LightPath Technologies Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 -0.023 99.695 -0.030
201406 -0.041 100.560 -0.053
201409 -0.028 100.428 -0.036
201412 -0.025 99.070 -0.033
201503 -0.025 99.621 -0.032
201506 0.038 100.684 0.049
201509 0.037 100.392 0.048
201512 -0.011 99.792 -0.014
201603 0.002 100.470 0.003
201606 -0.005 101.688 -0.006
201609 0.031 101.861 0.039
201612 0.007 101.863 0.009
201703 0.033 102.862 0.042
201706 0.048 103.349 0.060
201709 0.009 104.136 0.011
201712 -0.020 104.011 -0.025
201803 0.017 105.290 0.021
201806 -0.003 106.317 -0.004
201809 -0.038 106.507 -0.046
201812 -0.022 105.998 -0.027
201903 -0.003 107.251 -0.004
201906 0.005 108.070 0.006
201909 0.007 108.329 0.008
201912 -0.015 108.420 -0.018
202003 0.021 108.902 0.025
202006 0.033 108.767 0.039
202009 -0.020 109.815 -0.024
202012 -0.002 109.897 -0.002
202103 0.037 111.754 0.043
202106 0.045 114.631 0.051
202109 -0.104 115.734 -0.116
202112 0.050 117.630 0.055
202203 0.012 121.301 0.013
202206 0.036 125.017 0.037
202209 -0.024 125.227 -0.025
202212 -0.019 125.222 -0.020
202303 -0.059 127.348 -0.060
202306 -0.071 128.729 -0.071
202309 0.005 129.860 0.005
202312 -0.022 129.419 -0.022

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.


LightPath Technologies  (NAS:LPTH) 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.


LightPath Technologies Cyclically Adjusted Price-to-FCF Related Terms

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


LightPath Technologies (LightPath Technologies) Business Description

Industry
Traded in Other Exchanges
Address
2603 Challenger Tech Court, Suite 100, Orlando, FL, USA, 32826
LightPath Technologies Inc is a manufacturer, distributor, and integrator of proprietary optical components and assemblies. It is also engaged in the research and development for optical solutions for the traditional optics markets and communications markets. The company's business based on the following product groups: precision molded optics, specialty products, and infrared products. It currently serves the following major markets, distribution and catalog, laser, industrial, instrumentation, telecommunications, and defense.
Executives
Albert Miranda officer: Chief Financial Officer 1102 DUNCAN CR., UNIT 203, PALM BEACH GARDENS FL 33418
Shmuel Rubin director, officer: Chief Executive Officer 12619 OXON ROAD, HERNDON VA 20171-1707
Louis Leeburg director LIGHTPATH TECHNOLOGIES INC, 6820 ACEDEMY PKWY EAST NE, ALBUQUERQUE NM 87109
Darcie Peck director 2603 CHALLENGER TECH COURT, SUITE 100, ORLANDO FL 32826
Steven E Creviston director
Retreage Donald O'connor Jr officer: CFO 2603 CHALLENGER TECH CT., SUITE 100, ORLANDO FL 32826
Brueck Steven R J director 2603 CHALLENGER TECH CT., SUITE 100, ., ORLANDO FL 32826
Robert Ripp director 920 ORCHID POINT WAY, VERO BEACH FL 32963
Gaynor Joseph J Jr officer: VICE PRESIDENT
Joseph Menaker director 2603 CHALLENGER TECH CT., SUITE 100, ORLANDO FL 32826
Alan Symmons officer: VP Engineering 2603 CHALLENGER TECH CT, SUITE 100, ORLANDO FL 32826
Dorothy M Cipolla officer: CFO & Secretary 6848 STAPOINT CT, WINTER PARK FL 32792
Sohail A Khan director 1110 AMERICAN PARKWAY NE, ALLENTOWN PA 18109
Craig T Dunham director DYNASIL CORPORATION, 385 COOPER ROAD, WEST BERLIN NJ 08091
Xudong Zhu director, 10 percent owner 13 BUILDING, NO. 439, CHUNXIAO RD., ZHANGJIANG HIGH-TECH PARK, PUDONG, SHANGHAI F4 201203