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Splunk (LTS:0R09) Cyclically Adjusted Price-to-FCF : 125.90 (As of Apr. 28, 2024)


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What is Splunk Cyclically Adjusted Price-to-FCF?

As of today (2024-04-28), Splunk's current share price is $156.11. Splunk's Cyclically Adjusted FCF per Share for the quarter that ended in Jan. 2024 was $1.24. Splunk's Cyclically Adjusted Price-to-FCF for today is 125.90.

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

LTS:0R09' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 84.84   Med: 232.52   Max: 453.4
Current: 129.07

During the past years, Splunk's highest Cyclically Adjusted Price-to-FCF was 453.40. The lowest was 84.84. And the median was 232.52.

LTS:0R09's Cyclically Adjusted Price-to-FCF is not ranked
in the Software industry.
Industry Median: 28.305 vs LTS:0R09: 129.07

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.

Splunk's adjusted free cash flow per share data for the three months ended in Jan. 2024 was $2.177. 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 $1.24 for the trailing ten years ended in Jan. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Splunk Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Splunk'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.

Splunk Cyclically Adjusted Price-to-FCF Chart

Splunk Annual Data
Trend Jan15 Jan16 Jan17 Jan18 Jan19 Jan20 Jan21 Jan22 Jan23 Jan24
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only - 412.12 247.37 133.49 126.16

Splunk Quarterly Data
Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24
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 133.49 86.37 107.96 141.44 126.16

Competitive Comparison of Splunk's Cyclically Adjusted Price-to-FCF

For the Software - Infrastructure subindustry, Splunk'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.


Splunk's Cyclically Adjusted Price-to-FCF Distribution in the Software Industry

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

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



Splunk 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=156.11/1.24
=125.90

* 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.

Splunk's Cyclically Adjusted FCF per Share for the quarter that ended in Jan. 2024 is calculated as:

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

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Jan. 2024 (Change)*Current CPI (Jan. 2024)
=2.177/129.4194*129.4194
=2.177

Current CPI (Jan. 2024) = 129.4194.

Splunk Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201404 0.125 100.023 0.162
201407 0.054 100.520 0.070
201410 0.167 100.176 0.216
201501 0.398 98.604 0.522
201504 0.178 99.824 0.231
201507 0.086 100.691 0.111
201510 0.164 100.346 0.212
201601 0.394 99.957 0.510
201604 0.243 100.947 0.312
201607 0.059 101.524 0.075
201610 0.240 101.988 0.305
201701 0.621 102.456 0.784
201704 0.259 103.167 0.325
201707 0.146 103.278 0.183
201710 0.334 104.070 0.415
201801 0.981 104.578 1.214
201804 0.517 105.708 0.633
201807 0.193 106.324 0.235
201810 0.354 106.695 0.429
201901 0.808 106.200 0.985
201904 0.135 107.818 0.162
201907 -0.935 108.250 -1.118
201910 -1.063 108.577 -1.267
202001 -0.700 108.841 -0.832
202004 0.176 108.173 0.211
202007 -1.162 109.318 -1.376
202010 -0.306 109.861 -0.360
202101 -0.225 110.364 -0.264
202104 0.409 112.673 0.470
202107 -0.375 115.183 -0.421
202110 -0.159 116.696 -0.176
202201 0.807 118.619 0.880
202204 0.859 121.978 0.911
202207 -0.152 125.002 -0.157
202210 0.279 125.734 0.287
202301 1.635 126.223 1.676
202304 2.948 127.992 2.981
202307 0.026 128.974 0.026
202310 0.421 129.810 0.420
202401 2.177 129.419 2.177

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.


Splunk  (LTS:0R09) 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.


Splunk Cyclically Adjusted Price-to-FCF Related Terms

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


Splunk (LTS:0R09) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Software » Splunk Inc (LTS:0R09) » Definitions » Cyclically Adjusted Price-to-FCF
Traded in Other Exchanges
Address
270 Brannan Street, San Francisco, CA, USA, 94107
Splunk is a cloud-first software company that focuses on analyzing machine data. The company is a major player in two markets: security, and full-stack monitoring and analysis. The San Francisco-based firm focuses on enterprise clients, with more than 90% of the Fortune 100 using its solutions. The firm's top line consists of the sale of software licenses, cloud subscriptions, and maintenance and support.

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