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Deere (WBO:DEER) Cyclically Adjusted Price-to-FCF : 61.32 (As of May. 23, 2024)


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What is Deere Cyclically Adjusted Price-to-FCF?

As of today (2024-05-23), Deere's current share price is €352.60. Deere's Cyclically Adjusted FCF per Share for the quarter that ended in Apr. 2024 was €5.75. Deere's Cyclically Adjusted Price-to-FCF for today is 61.32.

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

WBO:DEER' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 48.65   Med: 93.82   Max: 334.77
Current: 63.06

During the past years, Deere's highest Cyclically Adjusted Price-to-FCF was 334.77. The lowest was 48.65. And the median was 93.82.

WBO:DEER's Cyclically Adjusted Price-to-FCF is ranked worse than
80.21% of 96 companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 26.84 vs WBO:DEER: 63.06

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.

Deere's adjusted free cash flow per share data for the three months ended in Apr. 2024 was €1.945. 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 €5.75 for the trailing ten years ended in Apr. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Deere Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Deere'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.

Deere Cyclically Adjusted Price-to-FCF Chart

Deere Annual Data
Trend Oct14 Oct15 Oct16 Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 221.33 109.75 93.57 87.91 63.22

Deere Quarterly Data
Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24
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 81.34 86.15 63.22 70.06 63.94

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

For the Farm & Heavy Construction Machinery subindustry, Deere'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.


Deere's Cyclically Adjusted Price-to-FCF Distribution in the Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, Deere's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Deere 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=352.60/5.75
=61.32

* 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.

Deere's Cyclically Adjusted FCF per Share for the quarter that ended in Apr. 2024 is calculated as:

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

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Apr. 2024 (Change)*Current CPI (Apr. 2024)
=1.945/131.7762*131.7762
=1.945

Current CPI (Apr. 2024) = 131.7762.

Deere Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201407 1.757 100.520 2.303
201410 4.178 100.176 5.496
201501 -2.475 98.604 -3.308
201504 -0.858 99.824 -1.133
201507 1.861 100.691 2.436
201510 4.281 100.346 5.622
201601 -4.315 99.957 -5.689
201604 -0.727 100.947 -0.949
201607 2.738 101.524 3.554
201610 4.618 101.988 5.967
201701 -3.747 102.456 -4.819
201704 -0.194 103.167 -0.248
201707 0.806 103.278 1.028
201710 1.682 104.070 2.130
201801 -4.669 104.578 -5.883
201804 -1.636 105.708 -2.039
201807 -0.449 106.324 -0.556
201810 4.136 106.695 5.108
201901 -6.268 106.200 -7.778
201904 -1.660 107.818 -2.029
201907 3.057 108.250 3.721
201910 5.053 108.577 6.133
202001 -3.681 108.841 -4.457
202004 1.952 108.173 2.378
202007 7.648 109.318 9.219
202010 7.171 109.861 8.602
202101 -0.792 110.364 -0.946
202104 2.671 112.673 3.124
202107 5.156 115.183 5.899
202110 7.017 116.696 7.924
202201 -8.963 118.619 -9.957
202204 0.075 121.978 0.081
202207 3.913 125.002 4.125
202210 9.428 125.734 9.881
202301 -6.385 126.223 -6.666
202304 0.301 127.992 0.310
202307 6.193 128.974 6.328
202310 13.477 129.810 13.681
202401 -5.630 130.124 -5.701
202404 1.945 131.776 1.945

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.


Deere  (WBO:DEER) 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.


Deere Cyclically Adjusted Price-to-FCF Related Terms

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


Deere (WBO:DEER) Business Description

Address
One John Deere Place, Moline, IL, USA, 61265
Deere is the world's leading manufacturer of agricultural equipment, producing some of the most recognizable machines in the heavy machinery industry. The company is divided into four reportable segments: production and precision agriculture, small agriculture and turf, construction and forestry, and John Deere Capital. Its products are available through an extensive dealer network, which includes over 2,000 dealer locations in North America and approximately 3,700 locations globally. John Deere Capital provides retail financing for machinery to its customers, in addition to wholesale financing for dealers, which increases the likelihood of Deere product sales.