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Canon (BUE:CAJ) Cyclically Adjusted Price-to-FCF : (As of Jun. 09, 2024)


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What is Canon Cyclically Adjusted Price-to-FCF?

Note: If the price history is too short, we do not calculate current Cyclically Adjusted Price-to-FCF for this stock. All the historical data is shown as the company's primary share's data instead.

Shiller PE for Stocks: The True Measure of Stock Valuation


Canon Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Canon'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.

Canon Cyclically Adjusted Price-to-FCF Chart

Canon 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 12.04 9.20 12.58 12.28 15.47

Canon 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 12.28 12.48 16.35 15.49 15.47

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

For the Computer Hardware subindustry, Canon'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.


Canon's Cyclically Adjusted Price-to-FCF Distribution in the Hardware Industry

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

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



Canon 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.

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

For example, Canon'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)
=533.024/106.8000*106.8000
=533.024

Current CPI (Dec. 2023) = 106.8000.

Canon Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 10.257 95.700 11.447
201406 15.305 98.000 16.679
201409 7.943 98.500 8.612
201412 16.660 97.900 18.175
201503 5.784 97.900 6.310
201506 8.622 98.400 9.358
201509 6.930 98.500 7.514
201512 12.903 98.100 14.047
201603 14.780 97.900 16.124
201606 18.979 98.100 20.662
201609 10.872 98.000 11.848
201612 28.105 98.400 30.504
201703 30.955 98.100 33.700
201706 24.701 98.500 26.782
201709 17.450 98.800 18.863
201712 39.828 99.400 42.793
201803 -1.981 99.200 -2.133
201806 31.540 99.200 33.956
201809 -4.689 99.900 -5.013
201812 69.765 99.700 74.733
201903 7.622 99.700 8.165
201906 -2.626 99.800 -2.810
201909 33.504 100.100 35.747
201912 103.148 100.500 109.614
202003 20.765 100.300 22.111
202006 48.619 99.900 51.977
202009 19.364 99.900 20.701
202012 143.341 99.300 154.167
202103 139.564 99.900 149.204
202106 168.785 99.500 181.168
202109 61.460 100.100 65.574
202112 79.398 100.100 84.712
202203 -55.481 101.100 -58.609
202206 126.214 101.800 132.413
202209 28.996 103.100 30.037
202212 43.600 104.100 44.731
202303 88.181 104.400 90.208
202306 110.601 105.200 112.283
202309 231.057 106.200 232.362
202312 533.024 106.800 533.024

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.


Canon  (BUE:CAJ) 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.


Canon Cyclically Adjusted Price-to-FCF Related Terms

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Canon (BUE:CAJ) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Canon Inc (BUE:CAJ) » Definitions » Cyclically Adjusted Price-to-FCF
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30-2, Shimomaruko 3-Chome, Ohta-ku, Tokyo, JPN, 146-8501
Canon Inc designs, manufactures and distributes an extensive range of consumer and electronic products, including copiers, cameras, lenses, and inkjet printers. The company operates four major business segments: printing, imaging, medical, industrial, and others. It generates maximum revenue from the printing segment. Printing Business Unit includes Office multifunction devices (MFDs), Document solutions, Laser multifunction printers (MFPs), Laser printers, Inkjet printers, Image scanners, Calculators, Digital continuous feed presses, Digital sheet-fed presses, and Large format printers.

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