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Lightwave Logic (Lightwave Logic) Cyclically Adjusted Price-to-FCF : (As of May. 17, 2024)


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What is Lightwave Logic Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Lightwave Logic Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Lightwave Logic'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.

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Lightwave Logic Cyclically Adjusted Price-to-FCF Chart

Lightwave Logic Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
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Lightwave Logic Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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Competitive Comparison of Lightwave Logic's Cyclically Adjusted Price-to-FCF

For the Specialty Chemicals subindustry, Lightwave Logic'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.


Lightwave Logic's Cyclically Adjusted Price-to-FCF Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Lightwave Logic's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Lightwave Logic 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.

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

For example, Lightwave Logic'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)
=-0.047/131.7762*131.7762
=-0.047

Current CPI (Mar. 2024) = 131.7762.

Lightwave Logic Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -0.018 100.560 -0.024
201409 -0.012 100.428 -0.016
201412 -0.019 99.070 -0.025
201503 -0.014 99.621 -0.019
201506 -0.022 100.684 -0.029
201509 -0.013 100.392 -0.017
201512 -0.013 99.792 -0.017
201603 -0.011 100.470 -0.014
201606 -0.014 101.688 -0.018
201609 -0.011 101.861 -0.014
201612 -0.014 101.863 -0.018
201703 -0.012 102.862 -0.015
201706 -0.016 103.349 -0.020
201709 -0.014 104.136 -0.018
201712 -0.022 104.011 -0.028
201803 -0.021 105.290 -0.026
201806 -0.025 106.317 -0.031
201809 -0.015 106.507 -0.019
201812 -0.015 105.998 -0.019
201903 -0.015 107.251 -0.018
201906 -0.016 108.070 -0.020
201909 -0.015 108.329 -0.018
201912 -0.014 108.420 -0.017
202003 -0.015 108.902 -0.018
202006 -0.011 108.767 -0.013
202009 -0.013 109.815 -0.016
202012 -0.015 109.897 -0.018
202103 -0.018 111.754 -0.021
202106 -0.018 114.631 -0.021
202109 -0.014 115.734 -0.016
202112 -0.057 117.630 -0.064
202203 -0.025 121.301 -0.027
202206 -0.026 125.017 -0.027
202209 -0.029 125.227 -0.031
202212 -0.028 125.222 -0.029
202303 -0.036 127.348 -0.037
202306 -0.035 128.729 -0.036
202309 -0.032 129.860 -0.032
202312 -0.033 129.419 -0.034
202403 -0.047 131.776 -0.047

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.


Lightwave Logic  (NAS:LWLG) 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.


Lightwave Logic Cyclically Adjusted Price-to-FCF Related Terms

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


Lightwave Logic (Lightwave Logic) Business Description

Industry
Traded in Other Exchanges
N/A
Address
369 Inverness Parkway, Suite 350, Englewood, CO, USA, 80112
Lightwave Logic Inc is a United States-based development stage company moving toward commercialization of next-generation electro-optic photonic devices made on its P2IC technology platform which uses in-house proprietary high-activity and high-stability organic polymers. Electro-optical devices convert data from electric signals into optical signals for multiple applications. It designs and synthesizes organic chromophores for use in its own proprietary electro-optic polymer systems and photonic device designs.
Executives
Frederick J Leonberger director C/O RF MICRO DEVICES, INC., 7628 THORNDIKE ROAD, GREENSBORO NC 27409
Ronald A Bucchi director C/O FIRST CONNECTICUT BANCORP, INC., ONE FARM GLEN BOULEVARD, FARMINGTON CT 06032
Laila Partridge director 78 BLANCHARD ROAD, BURLINGTON MA 01803
Siraj Nour El-ahmadi director 4331 WOODCREST LANE, DALLAS TX 75206
Michael Stephen Lebby director 680 MISSION STREET, 24F, SAN FRANCISCO CA 94105
Craig Ciesla director 369 INVERNESS PARKWAY, SUITE 350, ENGLEWOOD CO 80112
Thomas Edward Zelibor director 1831 LEFTHAND CIRCLE, SUITE C, LONGMONT CO 80501
George Lauro director 110 KENSINGTON DRIVE, SARATOGA CA 02021
Louis Charles Glasgow officer: Chief Technology Officer 1693 YARDLEY DRIVE, WEST CHESTER PA 19380
Joseph A Miller director ONE RIVERFRONT PLZ, CORNING NY 14831
Goetz Frederick J Jr director, 10 percent owner, officer: President 121 CONTINENTAL DRIVE, SUITE 110, NEWARK DE 19713
Phillips W Smith director, officer: Chair of Board of Directors 7860 EAST MCCLAIN DRIVE, SUITE 2, SCOTTSDALE AZ 85260-1627
Thomas P Smith director 7860 EAST MCCLAIN DRIVE SUITE E, SCOTTSDALE AZ 85260-1627
James S. Marcelli director, officer: Chief Executive Officer 1831 LEFTHAND CIRCLE, SUITE C, LONGMONT CO 80501
Ross W. Fasick director 121 CONTINENTAL DRIVE, SUITE 110, NEWARK DE 19713