GURUFOCUS.COM » STOCK LIST » Technology » Software » Xerox Holdings Corp (NAS:XRX) » Definitions » Cyclically Adjusted Price-to-FCF

Xerox Holdings (Xerox Holdings) Cyclically Adjusted Price-to-FCF : 3.58 (As of Apr. 27, 2024)


View and export this data going back to 1961. Start your Free Trial

What is Xerox Holdings Cyclically Adjusted Price-to-FCF?

As of today (2024-04-27), Xerox Holdings's current share price is $14.00. Xerox Holdings's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was $3.91. Xerox Holdings's Cyclically Adjusted Price-to-FCF for today is 3.58.

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

XRX' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 2.72   Med: 4.6   Max: 7.53
Current: 3.63

During the past years, Xerox Holdings's highest Cyclically Adjusted Price-to-FCF was 7.53. The lowest was 2.72. And the median was 4.60.

XRX's Cyclically Adjusted Price-to-FCF is ranked better than
95.81% of 668 companies
in the Software industry
Industry Median: 28.49 vs XRX: 3.63

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.

Xerox Holdings's adjusted free cash flow per share data for the three months ended in Mar. 2024 was $-0.718. 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 $3.91 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Xerox Holdings Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Xerox Holdings'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.

Xerox Holdings Cyclically Adjusted Price-to-FCF Chart

Xerox Holdings 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 7.34 5.07 4.80 3.44 4.52

Xerox Holdings Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 3.46 3.40 3.80 4.52 4.58

Competitive Comparison of Xerox Holdings's Cyclically Adjusted Price-to-FCF

For the Information Technology Services subindustry, Xerox Holdings'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.


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

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

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



Xerox Holdings 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=14.00/3.91
=3.58

* 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.

Xerox Holdings's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 is calculated as:

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

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=-0.718/129.4194*129.4194
=-0.718

Current CPI (Mar. 2024) = 129.4194.

Xerox Holdings Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.684 100.560 0.880
201409 1.658 100.428 2.137
201412 3.565 99.070 4.657
201503 0.064 99.621 0.083
201506 0.894 100.684 1.149
201509 0.788 100.392 1.016
201512 3.871 99.792 5.020
201603 -0.223 100.470 -0.287
201606 0.544 101.688 0.692
201609 1.330 101.861 1.690
201612 0.921 101.863 1.170
201703 0.102 102.862 0.128
201706 0.931 103.349 1.166
201709 -1.777 104.136 -2.208
201712 -0.681 104.011 -0.847
201803 0.769 105.290 0.945
201806 0.787 106.317 0.958
201809 0.999 106.507 1.214
201812 1.614 105.998 1.971
201903 0.906 107.251 1.093
201906 1.262 108.070 1.511
201909 1.467 108.329 1.753
201912 1.957 108.420 2.336
202003 0.705 108.902 0.838
202006 0.070 108.767 0.083
202009 0.414 109.815 0.488
202012 1.108 109.897 1.305
202103 0.505 111.754 0.585
202106 1.048 114.631 1.183
202109 0.446 115.734 0.499
202112 1.070 117.630 1.177
202203 0.320 121.301 0.341
202206 -0.632 125.017 -0.654
202209 -0.116 125.227 -0.120
202212 1.073 125.222 1.109
202303 0.444 127.348 0.451
202306 0.560 128.729 0.563
202309 0.705 129.860 0.703
202312 3.015 129.419 3.015
202403 -0.718 129.419 -0.718

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.


Xerox Holdings  (NAS:XRX) 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.


Xerox Holdings Cyclically Adjusted Price-to-FCF Related Terms

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


Xerox Holdings (Xerox Holdings) Business Description

Industry
Address
201 Merritt 7, P.O. Box 4505, Norwalk, CT, USA, 06851-1056
Xerox Holdings Corp is an original equipment manufacturing and software company. Xerox operates in one segment--design, development, and sale of printing technology and related solutions--while deriving 60% of its revenue from the U.S. and 40% from international markets. The company is an OEM of multifunction printers, or MFPs (printers that can print, copy, and scan), focusing on large enterprise markets. Apart from equipment, the company provides post-sales services like managed print services--a service that helps to bring smart servicing and efficiencies to how employers use their print/copy equipment. Xerox is attempting to enter new markets like digital print packaging solutions and printed electronics.
Executives
Carl C Icahn 10 percent owner C/O ICAHN ENTERPRISES L.P., 16690 COLLINS AVE., PH-1, SUNNY ISLES BEACH FL 33160
Darwin Deason 10 percent owner 2828 N HASKELL AVENUE, BLDG 1 FL-10, DALLAS TX 75204
Suzan Morno-wade officer: EVP & CHRO XEROX CORPORATION, 201 MERRITT 7, NORWALK CT 06851-1056
Steven John Bandrowczak officer: President and COO C/O NORTEL NETWORKS CORPORATION, 195 THE WEST MALL, TORONTO A6 M9C 5K1
Mirlanda Gecaj officer: VP & CAO XEROX HOLDINGS CORPORATION, 201 MERRITT 7, NORWALK CT 06851
Philip Giordano director 100 EAST DILDO DRIVE, MIAMI BEACH FL 33139
A. Scott Letier director 5956 SHERRY LN, SUITE 800, DALLAS TX 75225
Jesse Lynn director C/O ICAHN ENTERPRISES L.P., 16690 COLLINS AVE., PH, SUNNY ISLES FL 33160
Nichelle Maynard-elliott director PLATFORM SPECIALTY PRODUCTS CORPORATION, 383 MAIN AVENUE, NORWALK CT 06851
Hernandez Margarita Palau director 300 N. SAN RAFAEL AVE., PASADENA CA 91105
Steven D Miller director 16690 COLLINS AVENUE, PH, SUNNY ISLE BEACH FL 33160
James Larry Nelson director 2747 PARADISE ROAD, PH2804, LAS VEGAS NV 89109
Jacques-edouard Gueden officer: Executive Vice President XEROX CORPORATION, 201 MERRITT 7, NORWALK CT 06851
John G Bruno officer: President and COO
Naresh Shanker officer: SVP, Chief Technology Officer XEROX CORPORATION, 201 MERRITT 7, NORWALK CT 06851