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Nabtesco (TSE:6268) Cyclically Adjusted Price-to-FCF : 28.52 (As of Apr. 27, 2024)


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What is Nabtesco Cyclically Adjusted Price-to-FCF?

As of today (2024-04-27), Nabtesco's current share price is 円2576.50. Nabtesco's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was 円90.34. Nabtesco's Cyclically Adjusted Price-to-FCF for today is 28.52.

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

TSE:6268' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 21.76   Med: 34.32   Max: 60.39
Current: 27.78

During the past years, Nabtesco's highest Cyclically Adjusted Price-to-FCF was 60.39. The lowest was 21.76. And the median was 34.32.

TSE:6268's Cyclically Adjusted Price-to-FCF is ranked better than
56.2% of 1016 companies
in the Industrial Products industry
Industry Median: 32.505 vs TSE:6268: 27.78

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.

Nabtesco's adjusted free cash flow per share data for the three months ended in Dec. 2023 was 円-11.926. 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 円90.34 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Nabtesco Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Nabtesco'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.

Nabtesco Cyclically Adjusted Price-to-FCF Chart

Nabtesco Annual Data
Trend Mar14 Mar15 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 33.35 48.95 31.50 30.55 31.85

Nabtesco 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 30.55 32.70 30.59 30.22 31.85

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

For the Specialty Industrial Machinery subindustry, Nabtesco'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.


Nabtesco's Cyclically Adjusted Price-to-FCF Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Nabtesco's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Nabtesco 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=2576.50/90.34
=28.52

* 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.

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

For example, Nabtesco'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)
=-11.926/106.8000*106.8000
=-11.926

Current CPI (Dec. 2023) = 106.8000.

Nabtesco Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 113.292 95.700 126.432
201406 -0.474 98.000 -0.517
201409 21.526 98.500 23.340
201412 -13.189 97.900 -14.388
201503 97.256 97.900 106.097
201506 -8.685 98.400 -9.426
201509 32.158 98.500 34.868
201512 -9.751 98.100 -10.616
201603 47.180 97.900 51.469
201606 5.412 98.100 5.892
201609 27.539 98.000 30.012
201612 19.627 98.400 21.302
201703 23.765 98.100 25.873
201706 41.148 98.500 44.615
201709 -6.053 98.800 -6.543
201712 29.164 99.400 31.335
201803 36.116 99.200 38.883
201806 -8.150 99.200 -8.774
201809 -22.022 99.900 -23.543
201812 15.627 99.700 16.740
201903 46.444 99.700 49.751
201906 21.209 99.800 22.697
201909 55.978 100.100 59.725
201912 67.005 100.500 71.205
202003 -8.917 100.300 -9.495
202006 62.599 99.900 66.923
202009 18.061 99.900 19.308
202012 53.095 99.300 57.105
202103 104.439 99.900 111.653
202106 75.076 99.500 80.584
202109 3.284 100.100 3.504
202112 38.716 100.100 41.307
202203 -72.029 101.100 -76.090
202206 32.533 101.800 34.131
202209 2.683 103.100 2.779
202212 6.372 104.100 6.537
202303 -58.255 104.400 -59.594
202306 46.248 105.200 46.951
202309 -96.207 106.200 -96.751
202312 -11.926 106.800 -11.926

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.


Nabtesco  (TSE:6268) 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.


Nabtesco Cyclically Adjusted Price-to-FCF Related Terms

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


Nabtesco (TSE:6268) Business Description

Industry
Traded in Other Exchanges
Address
JA Kyosai Bldg., 7-9, Hirakawacho 2-chome, Chiyoda-ku, Tokyo, JPN, 102-0093
Nabtesco manufactures and sells motion control technology-based components and equipment to various industries. Its four main segments include: component solutions, transport solutions, accessibility solutions, and manufacturing solutions. The company has the leading global share with its precision reduction gears for industrial robots, as well as the top share in Japan with its key products for other segments, and it has a long-term record of supplying its products to major players in their respective industries, such as Fanuc, Boeing, Komatsu, and Japan Railways. The company was established in 2003 as a result of the merger of Teijin Seiki and Nabco, and is headquartered in Tokyo.

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