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PLAB (Photronics) Cyclically Adjusted Price-to-FCF : 16.81 (As of Jun. 24, 2025)


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What is Photronics Cyclically Adjusted Price-to-FCF?

As of today (2025-06-24), Photronics's current share price is $18.32. Photronics's Cyclically Adjusted FCF per Share for the quarter that ended in Apr. 2025 was $1.09. Photronics's Cyclically Adjusted Price-to-FCF for today is 16.81.

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

PLAB' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 12.3   Med: 26.5   Max: 56.54
Current: 16.66

During the past years, Photronics's highest Cyclically Adjusted Price-to-FCF was 56.54. The lowest was 12.30. And the median was 26.50.

PLAB's Cyclically Adjusted Price-to-FCF is ranked better than
76.49% of 353 companies
in the Semiconductors industry
Industry Median: 32.52 vs PLAB: 16.66

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.

Photronics's adjusted free cash flow per share data for the three months ended in Apr. 2025 was $-0.477. 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 $1.09 for the trailing ten years ended in Apr. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


Photronics Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Photronics'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.

Photronics Cyclically Adjusted Price-to-FCF Chart

Photronics Annual Data
Trend Oct15 Oct16 Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23 Oct24
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 27.02 36.77 27.72 22.59 22.10

Photronics Quarterly Data
Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25 Apr25
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 29.82 25.65 22.10 20.10 16.71

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

For the Semiconductor Equipment & Materials subindustry, Photronics'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.


Photronics's Cyclically Adjusted Price-to-FCF Distribution in the Semiconductors Industry

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

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


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Photronics 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=18.32/1.09
=16.81

* 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.

Photronics's Cyclically Adjusted FCF per Share for the quarter that ended in Apr. 2025 is calculated as:

For example, Photronics's adjusted Free Cash Flow per Share data for the three months ended in Apr. 2025 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Apr. 2025 (Change)*Current CPI (Apr. 2025)
=-0.477/135.3468*135.3468
=-0.477

Current CPI (Apr. 2025) = 135.3468.

Photronics Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201507 0.277 100.691 0.372
201510 0.212 100.346 0.286
201601 0.276 99.957 0.374
201604 0.108 100.947 0.145
201607 0.220 101.524 0.293
201610 0.341 101.988 0.453
201701 0.317 102.456 0.419
201704 0.156 103.167 0.205
201707 0.033 103.278 0.043
201710 -0.448 104.070 -0.583
201801 0.286 104.578 0.370
201804 -0.347 105.708 -0.444
201807 0.383 106.324 0.488
201810 0.205 106.695 0.260
201901 -1.882 106.200 -2.399
201904 -0.234 107.818 -0.294
201907 0.091 108.250 0.114
201910 0.397 108.577 0.495
202001 0.256 108.841 0.318
202004 0.217 108.173 0.272
202007 0.157 109.318 0.194
202010 0.473 109.861 0.583
202101 0.139 110.364 0.170
202104 -0.384 112.673 -0.461
202107 0.587 115.183 0.690
202110 0.340 116.696 0.394
202201 0.656 118.619 0.749
202204 0.467 121.978 0.518
202207 1.323 125.002 1.432
202210 0.213 125.734 0.229
202301 -0.056 126.223 -0.060
202304 0.900 127.992 0.952
202307 1.046 128.974 1.098
202310 0.870 129.810 0.907
202401 -0.029 130.124 -0.030
202404 0.905 132.289 0.926
202407 0.812 132.708 0.828
202410 0.401 133.182 0.408
202501 0.690 134.029 0.697
202504 -0.477 135.347 -0.477

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.


Photronics  (NAS:PLAB) 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.


Photronics Cyclically Adjusted Price-to-FCF Related Terms

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


Photronics Business Description

Industry
Traded in Other Exchanges
Address
15 Secor Road, Brookfield, CT, USA, 06804
Photronics Inc is a U.S.-based company that is principally engaged in manufacturing photomasks. The photomasks are photographic quartz or glass plates that contain microscopic images of electronic circuits that are used as a component in the manufacture of integrated circuits and flat-panel displays. The revenue from products designed for integrated circuits production accounts for the majority of total revenue, with the rest derived from products for flat-panel display production. The company's assets are located in Taiwan, Korea, and the United States. It generates revenue world-wide, including in the United States, Europe, Taiwan, Korea, China, and elsewhere in Asia, with Taiwan contributing the majority of total revenue.
Executives
Walter M Fiederowicz director 15 SECOR ROAD, BROOKFIELD CT 06804
Kang Jyh Lee officer: President, Asia IC Photomask 15 SECOR ROAD, BROOKFIELD CT 06804
Christopher J Progler officer: VP,Chief Technology Officer 15 SECOR ROAD, BROOKFIELD CT 06804
Adam M Lewis director 15 SECOR ROAD, BROOKFIELD CT 06804
Mitchell G Tyson director 15 SECOR ROAD, BROOKFIELD CT 06804
Peter S Kirlin officer: Senior VP, U.S. & Europe 15 SECOR ROAD, BROOKFIELD CT 06804
Richelle E Burr officer: VP, General Counsel & Secy 15 SECOR RD, BROOKFIELD CT 06804
John P Jordan officer: SVP & Chief Financial Officer 600 EAST GREENWICH AVENUE, WEST WARWICK RI 02893
Daniel Jl Liao director 2045 EAST INNOVATION CIRCLE, TEMPE AZ 85284
Fiorita Joseph A Jr director 15 SECOR ROAD, BROOKFIELD CT 06804
Mary Paladino director 15 SECOR ROAD, BROOKFIELD CT 06804
George Macricostas director 15 SECOR ROAD, PO BOX 5226, BROOKFIELD CT 06804
Macricostas Constantine S director 15 SECOR ROAD, P.O. BOX 5226, BROOKFIELD CT 06804
Sean T Smith officer: VP and Chief Financial Officer 15 SECOR ROAD, PO BOX 5226, BROOKFIELD CT 06804
Liang Choo Hsia director 15 SECOR RD., BROOKFIELD CT 06804