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Canon (LTS:0R10) Cyclically Adjusted Price-to-FCF : (As of Apr. 29, 2024)


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What is Canon Cyclically Adjusted Price-to-FCF?

Note: If the price history is too short, we do not calculate current Cyclically Adjusted Price-to-FCF for this stock. All the historical data is shown as the company's primary share's data instead.

Shiller PE for Stocks: The True Measure of Stock Valuation


Canon Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Canon'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.

Canon Cyclically Adjusted Price-to-FCF Chart

Canon 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 12.04 9.20 12.58 12.28 15.47

Canon 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 12.28 12.48 16.35 15.49 15.47

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

For the Computer Hardware subindustry, Canon'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.


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

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

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



Canon 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.

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

For example, Canon'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)
=0.594/106.8000*106.8000
=0.594

Current CPI (Dec. 2023) = 106.8000.

Canon Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 0.569 95.700 0.635
201406 0.844 98.000 0.920
201409 0.442 98.500 0.479
201412 0.938 97.900 1.023
201503 0.321 97.900 0.350
201506 0.442 98.400 0.480
201509 0.358 98.500 0.388
201512 0.496 98.100 0.540
201603 0.496 97.900 0.541
201606 0.658 98.100 0.716
201609 0.355 98.000 0.387
201612 0.904 98.400 0.981
201703 1.005 98.100 1.094
201706 0.723 98.500 0.784
201709 0.474 98.800 0.512
201712 1.018 99.400 1.094
201803 -0.046 99.200 -0.050
201806 0.619 99.200 0.666
201809 -0.061 99.900 -0.065
201812 0.907 99.700 0.972
201903 0.096 99.700 0.103
201906 -0.029 99.800 -0.031
201909 0.289 100.100 0.308
201912 0.827 100.500 0.879
202003 0.156 100.300 0.166
202006 0.324 99.900 0.346
202009 0.114 99.900 0.122
202012 0.750 99.300 0.807
202103 0.690 99.900 0.738
202106 0.775 99.500 0.832
202109 0.278 100.100 0.297
202112 0.347 100.100 0.370
202203 -0.230 101.100 -0.243
202206 0.484 101.800 0.508
202209 0.095 103.100 0.098
202212 0.113 104.100 0.116
202303 0.192 104.400 0.196
202306 0.193 105.200 0.196
202309 0.276 106.200 0.278
202312 0.594 106.800 0.594

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.


Canon  (LTS:0R10) 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.


Canon Cyclically Adjusted Price-to-FCF Related Terms

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


Canon (LTS:0R10) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Canon Inc (LTS:0R10) » Definitions » Cyclically Adjusted Price-to-FCF
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Address
30-2, Shimomaruko 3-Chome, Ohta-ku, Tokyo, JPN, 146-8501
Canon Inc designs, manufactures and distributes an extensive range of consumer and electronic products, including copiers, cameras, lenses, and inkjet printers. The company operates four major business segments: printing, imaging, medical, industrial, and others. It generates maximum revenue from the printing segment. Printing Business Unit includes Office multifunction devices (MFDs), Document solutions, Laser multifunction printers (MFPs), Laser printers, Inkjet printers, Image scanners, Calculators, Digital continuous feed presses, Digital sheet-fed presses, and Large format printers.

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