GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Forbo Holding AG (XSWX:FORN) » Definitions » Cyclically Adjusted Price-to-FCF

Forbo Holding AG (XSWX:FORN) Cyclically Adjusted Price-to-FCF : 11.32 (As of Apr. 29, 2024)


View and export this data going back to 1996. Start your Free Trial

What is Forbo Holding AG Cyclically Adjusted Price-to-FCF?

As of today (2024-04-29), Forbo Holding AG's current share price is CHF1064.00. Forbo Holding AG's Cyclically Adjusted FCF per Share for the fiscal year that ended in Dec23 was CHF94.03. Forbo Holding AG's Cyclically Adjusted Price-to-FCF for today is 11.32.

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

XSWX:FORN' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 10.42   Med: 21.15   Max: 26.91
Current: 11.32

During the past 13 years, Forbo Holding AG's highest Cyclically Adjusted Price-to-FCF was 26.91. The lowest was 10.42. And the median was 21.15.

XSWX:FORN's Cyclically Adjusted Price-to-FCF is ranked better than
67.14% of 566 companies
in the Construction industry
Industry Median: 17.73 vs XSWX:FORN: 11.32

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.

Forbo Holding AG's adjusted free cash flow per share data of for the fiscal year that ended in Dec23 was CHF113.475. 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 CHF94.03 for the trailing ten years ended in Dec23.

Shiller PE for Stocks: The True Measure of Stock Valuation


Forbo Holding AG Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Forbo Holding AG'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.

Forbo Holding AG Cyclically Adjusted Price-to-FCF Chart

Forbo Holding AG 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 22.49 19.73 22.11 12.41 11.21

Forbo Holding AG Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 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 22.11 - 12.41 - 11.21

Competitive Comparison of Forbo Holding AG's Cyclically Adjusted Price-to-FCF

For the Building Products & Equipment subindustry, Forbo Holding AG'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.


Forbo Holding AG's Cyclically Adjusted Price-to-FCF Distribution in the Construction Industry

For the Construction industry and Industrials sector, Forbo Holding AG's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Forbo Holding AG 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.

Forbo Holding AG's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=1064.00/94.03
=11.32

* 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.

Forbo Holding AG's Cyclically Adjusted FCF per Share for the fiscal year that ended in Dec23 is calculated as:

For example, Forbo Holding AG's adjusted Free Cash Flow per Share data for the fiscal year that ended in Dec23 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Dec23 (Change)*Current CPI (Dec23)
=113.475/106.4611*106.4611
=113.475

Current CPI (Dec23) = 106.4611.

Forbo Holding AG Annual Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201412 73.798 100.704 78.017
201512 75.712 99.386 81.102
201612 97.425 99.380 104.367
201712 45.602 100.213 48.445
201812 102.454 100.906 108.094
201912 115.543 101.063 121.714
202012 107.461 100.241 114.129
202112 108.047 101.776 113.021
202212 57.001 104.666 57.978
202312 113.475 106.461 113.475

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.


Forbo Holding AG  (XSWX:FORN) 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.


Forbo Holding AG Cyclically Adjusted Price-to-FCF Related Terms

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


Forbo Holding AG (XSWX:FORN) Business Description

Industry
Traded in Other Exchanges
Address
Lindenstrasse 8, P.O. Box 1339, Baar, CHE, CH-6341
Forbo Holding AG manufactures and sells flooring and movement systems. The company organizes itself into two segments based on product type. The Flooring Systems segment, which generates the majority of revenue, sells commercial and residential floor coverings, entrance flooring systems, and building and construction flooring adhesives to the construction and remodeling industries. The Movement Systems segment sells conveyor and processing belts, plastic modular belts, power transmission belts, and flat modular belts, to the food, automotive, and fitness equipment industries. The majority of revenue comes from Europe.

Forbo Holding AG (XSWX:FORN) Headlines

No Headlines