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Advanced Energy Industries (FRA:AVX) Cyclically Adjusted Price-to-FCF : 30.40 (As of Jun. 09, 2024)


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What is Advanced Energy Industries Cyclically Adjusted Price-to-FCF?

As of today (2024-06-09), Advanced Energy Industries's current share price is €98.50. Advanced Energy Industries's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was €3.24. Advanced Energy Industries's Cyclically Adjusted Price-to-FCF for today is 30.40.

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

FRA:AVX' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 16.89   Med: 30.26   Max: 60.81
Current: 29.99

During the past years, Advanced Energy Industries's highest Cyclically Adjusted Price-to-FCF was 60.81. The lowest was 16.89. And the median was 30.26.

FRA:AVX's Cyclically Adjusted Price-to-FCF is ranked better than
53.2% of 1032 companies
in the Industrial Products industry
Industry Median: 32.78 vs FRA:AVX: 29.99

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.

Advanced Energy Industries's adjusted free cash flow per share data for the three months ended in Mar. 2024 was €-0.228. 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 €3.24 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Advanced Energy Industries Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Advanced Energy Industries'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.

Advanced Energy Industries Cyclically Adjusted Price-to-FCF Chart

Advanced Energy Industries 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 35.14 39.02 31.35 27.71 31.19

Advanced Energy Industries 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 30.75 34.01 29.85 31.19 29.02

Competitive Comparison of Advanced Energy Industries's Cyclically Adjusted Price-to-FCF

For the Electrical Equipment & Parts subindustry, Advanced Energy Industries'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.


Advanced Energy Industries's Cyclically Adjusted Price-to-FCF Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Advanced Energy Industries's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Advanced Energy Industries 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.

Advanced Energy Industries's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=98.50/3.24
=30.40

* 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.

Advanced Energy Industries's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Advanced Energy Industries'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)
=-0.228/131.7762*131.7762
=-0.228

Current CPI (Mar. 2024) = 131.7762.

Advanced Energy Industries Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.687 100.560 0.900
201409 0.170 100.428 0.223
201412 0.421 99.070 0.560
201503 0.635 99.621 0.840
201506 0.517 100.684 0.677
201509 0.361 100.392 0.474
201512 0.702 99.792 0.927
201603 0.236 100.470 0.310
201606 0.671 101.688 0.870
201609 0.735 101.861 0.951
201612 0.919 101.863 1.189
201703 0.903 102.862 1.157
201706 1.282 103.349 1.635
201709 0.638 104.136 0.807
201712 0.976 104.011 1.237
201803 0.592 105.290 0.741
201806 1.013 106.317 1.256
201809 0.466 106.507 0.577
201812 0.764 105.998 0.950
201903 0.069 107.251 0.085
201906 0.104 108.070 0.127
201909 0.140 108.329 0.170
201912 0.226 108.420 0.275
202003 0.525 108.902 0.635
202006 0.720 108.767 0.872
202009 1.224 109.815 1.469
202012 1.185 109.897 1.421
202103 0.985 111.754 1.161
202106 0.607 114.631 0.698
202109 0.249 115.734 0.284
202112 0.625 117.630 0.700
202203 -0.078 121.301 -0.085
202206 0.637 125.017 0.671
202209 1.376 125.227 1.448
202212 1.284 125.222 1.351
202303 0.336 127.348 0.348
202306 0.127 128.729 0.130
202309 1.469 129.860 1.491
202312 1.708 129.419 1.739
202403 -0.228 131.776 -0.228

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.


Advanced Energy Industries  (FRA:AVX) 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.


Advanced Energy Industries Cyclically Adjusted Price-to-FCF Related Terms

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


Advanced Energy Industries (FRA:AVX) Business Description

Traded in Other Exchanges
Address
1595 Wynkoop Street, Suite 800, Denver, CO, USA, 80202
Advanced Energy Industries Inc provides precision power-conversion measurement and control solutions that transform power into various forms for use in manufacturing and industrial equipment and applications. The firm serves original equipment manufacturers and end customers in the semiconductor, flat panel display, solar panel, and other industrial capital equipment markets. Products include thin-film power-conversion systems, which control and modify raw electrical power into a customizable, predictable power source, and power control modules, which control and measure temperature during manufacturing cycles. A majority of the firm's revenue is generated in the United States, with the rest primarily from Asia and Europe.