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La-Z-Boy (La-Z-Boy) Cyclically Adjusted Price-to-FCF : 13.91 (As of May. 15, 2024)


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What is La-Z-Boy Cyclically Adjusted Price-to-FCF?

As of today (2024-05-15), La-Z-Boy's current share price is $35.90. La-Z-Boy's Cyclically Adjusted FCF per Share for the quarter that ended in Jan. 2024 was $2.58. La-Z-Boy's Cyclically Adjusted Price-to-FCF for today is 13.91.

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

LZB' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 9.64   Med: 22.23   Max: 36.01
Current: 13.92

During the past years, La-Z-Boy's highest Cyclically Adjusted Price-to-FCF was 36.01. The lowest was 9.64. And the median was 22.23.

LZB's Cyclically Adjusted Price-to-FCF is ranked better than
62.09% of 182 companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 18.37 vs LZB: 13.92

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.

La-Z-Boy's adjusted free cash flow per share data for the three months ended in Jan. 2024 was $0.855. 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 $2.58 for the trailing ten years ended in Jan. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


La-Z-Boy Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for La-Z-Boy'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.

La-Z-Boy Cyclically Adjusted Price-to-FCF Chart

La-Z-Boy Annual Data
Trend Apr14 Apr15 Apr16 Apr17 Apr18 Apr19 Apr20 Apr21 Apr22 Apr23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 22.68 15.38 20.68 12.11 11.52

La-Z-Boy 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 11.95 11.52 12.46 11.45 13.50

Competitive Comparison of La-Z-Boy's Cyclically Adjusted Price-to-FCF

For the Furnishings, Fixtures & Appliances subindustry, La-Z-Boy'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.


La-Z-Boy's Cyclically Adjusted Price-to-FCF Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, La-Z-Boy's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



La-Z-Boy 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.

La-Z-Boy's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=35.90/2.58
=13.91

* 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.

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

For example, La-Z-Boy'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)
=0.855/129.4194*129.4194
=0.855

Current CPI (Jan. 2024) = 129.4194.

La-Z-Boy Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201404 0.315 100.023 0.408
201407 -0.392 100.520 -0.505
201410 0.224 100.176 0.289
201501 0.141 98.604 0.185
201504 0.345 99.824 0.447
201507 -0.097 100.691 -0.125
201510 0.250 100.346 0.322
201601 0.833 99.957 1.079
201604 0.792 100.947 1.015
201607 0.616 101.524 0.785
201610 0.269 101.988 0.341
201701 0.681 102.456 0.860
201704 1.019 103.167 1.278
201707 0.212 103.278 0.266
201710 0.507 104.070 0.630
201801 0.674 104.578 0.834
201804 0.260 105.708 0.318
201807 0.345 106.324 0.420
201810 0.061 106.695 0.074
201901 0.776 106.200 0.946
201904 0.978 107.818 1.174
201907 0.149 108.250 0.178
201910 0.506 108.577 0.603
202001 1.149 108.841 1.366
202004 0.732 108.173 0.876
202007 2.099 109.318 2.485
202010 1.809 109.861 2.131
202101 0.915 110.364 1.073
202104 1.056 112.673 1.213
202107 -0.290 115.183 -0.326
202110 -0.106 116.696 -0.118
202201 0.102 118.619 0.111
202204 0.366 121.978 0.388
202207 0.281 125.002 0.291
202210 -0.500 125.734 -0.515
202301 1.834 126.223 1.880
202304 1.530 127.992 1.547
202307 0.287 128.974 0.288
202310 0.413 129.810 0.412
202401 0.855 129.419 0.855

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.


La-Z-Boy  (NYSE:LZB) 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.


La-Z-Boy Cyclically Adjusted Price-to-FCF Related Terms

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


La-Z-Boy (La-Z-Boy) Business Description

Traded in Other Exchanges
Address
One La-Z-Boy Drive, Monroe, MI, USA, 48162-5138
La-Z-Boy Inc is a U.S.-based company that manufactures, distributes, and retails upholstery furniture products. It is a producer of reclining chairs and distributors of residential furniture in the U.S. The company chiefly operates in the United States but also has secondary operations in Canada and other countries. The company's reportable segments include the Wholesale segment, which manufactures and imports upholstered furniture; and Retail, which sells upholstered and case goods furniture to the end consumer. The majority of the company's revenue is derived from its Wholesale segment. Some of the core brands of the firm include England, Kincaid, American Drew, and Hammary.
Executives
Janet Kerr director 50 CASTILIAN DR, GOLETA CA 93117
Raza Syed Haider director ONE LA-Z-BOY DRIVE, MONROE MI 48162
Rebecca M Reeder officer: Pres., Retail LZB Furn. Gall. 1 LA-Z-BOY DRIVE, MONROE MI 48162
Mark Stephen Lavigne director 533 MARYVILLE UNIVERSITY DRIVE, ST. LOUIS MO 63141
Katherine E. Vanderjagt officer: VP & Chief HR Officer 1 LA-Z-BOY DRIVE, MONROE MI 48162
Robert Ii Sundy officer: SVP & Chief Commercial Officer 1 LA-Z-BOY DRIVE, MONROE MI 48162
Carol Young Lee officer: VP & Chief Information Officer 1 LA-Z-BOY DRIVE, MONROE MI 48162
Terrence James Linz officer: President, La-Z-Boy Retail 1 LA-Z-BOY DRIVE, MONROE MI 48162
Bryan Keith Wilson officer: President Int'l & Joybird 6 BELL STREET, MAIDENHEAD, BERKS X0 SL6 1BU
Michael Adam Leggett officer: Sr VP & Chief Supply Chain Off 1 LA-Z-BOY DRIVE, MONROE MI 48162
Kurt L Darrow director, officer: Chairman, President & CEO ONE LA-Z-BOY DRIVE, MONROE MI 48162
Erika L. Alexander director 10400 FERNWOOD RD., BETHESDA MD 20817
Otis S Sawyer officer: Senior Vice President ONE LA-Z-BOY DRIVE, MONROE MI 48162
Raphaell Z. Richmond officer: VP, GC & Chief Compliance Off ONE LA-Z-BOY DRIVE, MONROE MI 48162
Jennifer Lynn Mccurry officer: Chief Accounting Officer ONE LA-Z-BOY DRIVE, MONROE MI 48162