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Thermo Fisher Scientific (BSP:TMOS34) Cyclically Adjusted Price-to-FCF : 43.56 (As of May. 26, 2024)


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What is Thermo Fisher Scientific Cyclically Adjusted Price-to-FCF?

As of today (2024-05-26), Thermo Fisher Scientific's current share price is R$62.72. Thermo Fisher Scientific's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was R$1.44. Thermo Fisher Scientific's Cyclically Adjusted Price-to-FCF for today is 43.56.

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

BSP:TMOS34' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 29.05   Med: 40.75   Max: 69.7
Current: 42.08

During the past years, Thermo Fisher Scientific's highest Cyclically Adjusted Price-to-FCF was 69.70. The lowest was 29.05. And the median was 40.75.

BSP:TMOS34's Cyclically Adjusted Price-to-FCF is ranked worse than
65.08% of 63 companies
in the Medical Diagnostics & Research industry
Industry Median: 35.63 vs BSP:TMOS34: 42.08

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.

Thermo Fisher Scientific's adjusted free cash flow per share data for the three months ended in Mar. 2024 was R$0.244. 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 R$1.44 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Thermo Fisher Scientific Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Thermo Fisher Scientific'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.

Thermo Fisher Scientific Cyclically Adjusted Price-to-FCF Chart

Thermo Fisher Scientific 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 48.33 57.05 66.55 46.53 39.61

Thermo Fisher Scientific 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 47.94 42.32 39.51 39.61 41.88

Competitive Comparison of Thermo Fisher Scientific's Cyclically Adjusted Price-to-FCF

For the Diagnostics & Research subindustry, Thermo Fisher Scientific'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.


Thermo Fisher Scientific's Cyclically Adjusted Price-to-FCF Distribution in the Medical Diagnostics & Research Industry

For the Medical Diagnostics & Research industry and Healthcare sector, Thermo Fisher Scientific's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Thermo Fisher Scientific 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.

Thermo Fisher Scientific's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=62.72/1.44
=43.56

* 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.

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

For example, Thermo Fisher Scientific'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)
=0.244/131.7762*131.7762
=0.244

Current CPI (Mar. 2024) = 131.7762.

Thermo Fisher Scientific Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.094 100.560 0.123
201409 0.071 100.428 0.093
201412 0.109 99.070 0.145
201503 -0.003 99.621 -0.004
201506 0.108 100.684 0.141
201509 0.130 100.392 0.171
201512 0.246 99.792 0.325
201603 0.042 100.470 0.055
201606 0.144 101.688 0.187
201609 0.123 101.861 0.159
201612 0.189 101.863 0.245
201703 0.044 102.862 0.056
201706 0.133 103.349 0.170
201709 0.133 104.136 0.168
201712 0.281 104.011 0.356
201803 -0.007 105.290 -0.009
201806 0.244 106.317 0.302
201809 0.221 106.507 0.273
201812 0.302 105.998 0.375
201903 0.089 107.251 0.109
201906 0.214 108.070 0.261
201909 0.191 108.329 0.232
201912 0.345 108.420 0.419
202003 0.026 108.902 0.031
202006 0.439 108.767 0.532
202009 0.660 109.815 0.792
202012 0.740 109.897 0.887
202103 0.399 111.754 0.470
202106 0.446 114.631 0.513
202109 0.589 115.734 0.671
202112 0.483 117.630 0.541
202203 0.410 121.301 0.445
202206 0.273 125.017 0.288
202209 0.384 125.227 0.404
202212 0.819 125.222 0.862
202303 0.076 127.348 0.079
202306 0.327 128.729 0.335
202309 0.552 129.860 0.560
202312 0.873 129.419 0.889
202403 0.244 131.776 0.244

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.


Thermo Fisher Scientific  (BSP:TMOS34) 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.


Thermo Fisher Scientific Cyclically Adjusted Price-to-FCF Related Terms

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


Thermo Fisher Scientific (BSP:TMOS34) Business Description

Address
168 Third Avenue, Waltham, MA, USA, 02451
Thermo Fisher Scientific sells scientific instruments and laboratory equipment, diagnostics consumables, and life science reagents. The firm operates through four segments as of mid-2023 (revenue figures include some cross-segment revenue): analytical technologies (16% of sales); specialty diagnostic products (10%); life science solutions (24%); and lab products and services, which includes CRO services (54%).

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