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Murata Manufacturing Co (FRA:MUR1) Cyclically Adjusted Price-to-FCF : 54.03 (As of Jun. 05, 2024)


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What is Murata Manufacturing Co Cyclically Adjusted Price-to-FCF?

As of today (2024-06-05), Murata Manufacturing Co's current share price is €17.83. Murata Manufacturing Co's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was €0.33. Murata Manufacturing Co's Cyclically Adjusted Price-to-FCF for today is 54.03.

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

FRA:MUR1' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 43.28   Med: 63.68   Max: 134.81
Current: 56.43

During the past years, Murata Manufacturing Co's highest Cyclically Adjusted Price-to-FCF was 134.81. The lowest was 43.28. And the median was 63.68.

FRA:MUR1's Cyclically Adjusted Price-to-FCF is ranked worse than
70.44% of 964 companies
in the Hardware industry
Industry Median: 30.455 vs FRA:MUR1: 56.43

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.

Murata Manufacturing Co's adjusted free cash flow per share data for the three months ended in Mar. 2024 was €0.385. 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 €0.33 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Murata Manufacturing Co Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Murata Manufacturing Co'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.

Murata Manufacturing Co Cyclically Adjusted Price-to-FCF Chart

Murata Manufacturing Co Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 72.98 94.20 58.19 54.47 51.97

Murata Manufacturing Co 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 54.47 57.24 56.06 58.03 51.97

Competitive Comparison of Murata Manufacturing Co's Cyclically Adjusted Price-to-FCF

For the Electronic Components subindustry, Murata Manufacturing Co'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.


Murata Manufacturing Co's Cyclically Adjusted Price-to-FCF Distribution in the Hardware Industry

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

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



Murata Manufacturing Co 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.

Murata Manufacturing Co's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=17.83/0.33
=54.03

* 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.

Murata Manufacturing Co's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Murata Manufacturing Co'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)
=0.385/107.2000*107.2000
=0.385

Current CPI (Mar. 2024) = 107.2000.

Murata Manufacturing Co Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.042 98.000 0.046
201409 0.114 98.500 0.124
201412 0.120 97.900 0.131
201503 0.338 97.900 0.370
201506 -0.072 98.400 -0.078
201509 0.067 98.500 0.073
201512 -0.060 98.100 -0.066
201603 0.403 97.900 0.441
201606 -0.062 98.100 -0.068
201609 0.142 98.000 0.155
201612 0.104 98.400 0.113
201703 0.191 98.100 0.209
201706 -0.008 98.500 -0.009
201709 -0.097 98.800 -0.105
201712 -0.263 99.400 -0.284
201803 0.050 99.200 0.054
201806 -0.089 99.200 -0.096
201809 -0.160 99.900 -0.172
201812 0.025 99.700 0.027
201903 0.184 99.700 0.198
201906 -0.013 99.800 -0.014
201909 0.107 100.100 0.115
201912 0.102 100.500 0.109
202003 0.085 100.300 0.091
202006 -0.009 99.900 -0.010
202009 0.102 99.900 0.109
202012 0.138 99.300 0.149
202103 0.476 99.900 0.511
202106 0.045 99.500 0.048
202109 0.468 100.100 0.501
202112 0.278 100.100 0.298
202203 0.297 101.100 0.315
202206 -0.034 101.800 -0.036
202209 0.097 103.100 0.101
202212 -0.116 104.100 -0.119
202303 0.181 104.400 0.186
202306 -0.044 105.200 -0.045
202309 0.089 106.200 0.090
202312 0.228 106.800 0.229
202403 0.385 107.200 0.385

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.


Murata Manufacturing Co  (FRA:MUR1) 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.


Murata Manufacturing Co Cyclically Adjusted Price-to-FCF Related Terms

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


Murata Manufacturing Co (FRA:MUR1) Business Description

Industry
Traded in Other Exchanges
Address
No. 10 No. 1 Yubinbango, Nagaokakyo, 1-chome, Kyoto Higashikotari, Nagaokakyo, JPN, 617-8555
Murata Manufacturing produces passive components for electronic devices. Passive components are necessary for all electronic circuits, used to enable wireless communication, store electricity and handle electric flow, remove electromagnetic noise from circuits, and so on. Thus, passive components are imperative for electronic circuits. For instance, one high-end smartphone contains more than 1,000 passive components. Murata Manufacturing is the global top passive components supplier with 40% market share on MLCC and SAW filters.

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