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

Xerox Holdings (BUE:XROX) Cyclically Adjusted Price-to-FCF : 4.09 (As of May. 23, 2024)


View and export this data going back to 2019. Start your Free Trial

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

As of today (2024-05-23), Xerox Holdings's current share price is ARS17438.00. Xerox Holdings's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was ARS4,265.94. Xerox Holdings's Cyclically Adjusted Price-to-FCF for today is 4.09.

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

BUE:XROX' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 2.72   Med: 4.59   Max: 7.53
Current: 3.52

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 4.59.

BUE:XROX's Cyclically Adjusted Price-to-FCF is ranked better than
96.61% of 649 companies
in the Software industry
Industry Median: 29.5 vs BUE:XROX: 3.52

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 ARS-605.068. 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 ARS4,265.94 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 4.50

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
=17438.00/4265.94
=4.09

* 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)
=-605.068/131.7762*131.7762
=-605.068

Current CPI (Mar. 2024) = 131.7762.

Xerox Holdings Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 5.560 100.560 7.286
201409 13.957 100.428 18.314
201412 30.481 99.070 40.544
201503 0.564 99.621 0.746
201506 8.122 100.684 10.630
201509 7.413 100.392 9.730
201512 50.102 99.792 66.160
201603 -3.263 100.470 -4.280
201606 7.605 101.688 9.855
201609 19.844 101.861 25.672
201612 14.608 101.863 18.898
201703 1.565 102.862 2.005
201706 15.347 103.349 19.568
201709 -31.137 104.136 -39.402
201712 -13.003 104.011 -16.474
201803 15.495 105.290 19.393
201806 19.627 106.317 24.327
201809 36.757 106.507 45.478
201812 60.864 105.998 75.666
201903 35.403 107.251 43.499
201906 56.400 108.070 68.772
201909 82.049 108.329 99.808
201912 116.988 108.420 142.190
202003 43.762 108.902 52.954
202006 4.764 108.767 5.772
202009 30.714 109.815 36.856
202012 90.176 109.897 108.129
202103 45.457 111.754 53.601
202106 99.230 114.631 114.071
202109 43.619 115.734 49.665
202112 108.103 117.630 121.104
202203 34.334 121.301 37.299
202206 -75.996 125.017 -80.105
202209 -16.064 125.227 -16.904
202212 179.823 125.222 189.235
202303 87.663 127.348 90.711
202306 134.515 128.729 137.699
202309 246.672 129.860 250.313
202312 1,088.266 129.419 1,108.084
202403 -605.068 131.776 -605.068

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  (BUE:XROX) 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 (BUE:XROX) Business Description

Industry
Traded in Other Exchanges
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.

Xerox Holdings (BUE:XROX) Headlines

No Headlines