GURUFOCUS.COM » STOCK LIST » Technology » Software » NetScout Systems Inc (NAS:NTCT) » Definitions » Cyclically Adjusted Price-to-FCF

NetScout Systems (NetScout Systems) Cyclically Adjusted Price-to-FCF : 7.44 (As of Jun. 08, 2024)


View and export this data going back to 1999. Start your Free Trial

What is NetScout Systems Cyclically Adjusted Price-to-FCF?

As of today (2024-06-08), NetScout Systems's current share price is $18.75. NetScout Systems's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was $2.52. NetScout Systems's Cyclically Adjusted Price-to-FCF for today is 7.44.

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

NTCT' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 7.5   Med: 14.85   Max: 38.73
Current: 7.5

During the past years, NetScout Systems's highest Cyclically Adjusted Price-to-FCF was 38.73. The lowest was 7.50. And the median was 14.85.

NTCT's Cyclically Adjusted Price-to-FCF is ranked better than
90.78% of 683 companies
in the Software industry
Industry Median: 28.4 vs NTCT: 7.50

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.

NetScout Systems's adjusted free cash flow per share data for the three months ended in Mar. 2024 was $1.293. 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 $2.52 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


NetScout Systems Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for NetScout Systems'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.

NetScout Systems Cyclically Adjusted Price-to-FCF Chart

NetScout Systems 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 11.66 12.88 12.38 10.75 8.65

NetScout Systems 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 10.75 11.86 10.86 8.81 8.65

Competitive Comparison of NetScout Systems's Cyclically Adjusted Price-to-FCF

For the Software - Infrastructure subindustry, NetScout Systems'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.


NetScout Systems's Cyclically Adjusted Price-to-FCF Distribution in the Software Industry

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

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



NetScout Systems 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.

NetScout Systems's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=18.75/2.52
=7.44

* 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.

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

For example, NetScout Systems'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)
=1.293/131.7762*131.7762
=1.293

Current CPI (Mar. 2024) = 131.7762.

NetScout Systems Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.628 100.560 0.823
201409 -0.033 100.428 -0.043
201412 0.570 99.070 0.758
201503 1.093 99.621 1.446
201506 0.140 100.684 0.183
201509 -0.089 100.392 -0.117
201512 0.441 99.792 0.582
201603 0.265 100.470 0.348
201606 0.302 101.688 0.391
201609 0.066 101.861 0.085
201612 0.785 101.863 1.016
201703 0.948 102.862 1.214
201706 0.541 103.349 0.690
201709 0.165 104.136 0.209
201712 0.820 104.011 1.039
201803 0.839 105.290 1.050
201806 0.237 106.317 0.294
201809 0.018 106.507 0.022
201812 0.378 105.998 0.470
201903 0.983 107.251 1.208
201906 0.597 108.070 0.728
201909 -0.089 108.329 -0.108
201912 0.846 108.420 1.028
202003 1.398 108.902 1.692
202006 0.527 108.767 0.638
202009 0.113 109.815 0.136
202012 0.838 109.897 1.005
202103 1.198 111.754 1.413
202106 0.291 114.631 0.335
202109 0.287 115.734 0.327
202112 1.206 117.630 1.351
202203 2.019 121.301 2.193
202206 -0.205 125.017 -0.216
202209 0.098 125.227 0.103
202212 0.591 125.222 0.622
202303 1.529 127.348 1.582
202306 -0.340 128.729 -0.348
202309 -0.383 129.860 -0.389
202312 0.179 129.419 0.182
202403 1.293 131.776 1.293

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.


NetScout Systems  (NAS:NTCT) 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.


NetScout Systems Cyclically Adjusted Price-to-FCF Related Terms

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


NetScout Systems (NetScout Systems) Business Description

Industry
Traded in Other Exchanges
Address
310 Littleton Road, Westford, MA, USA, 01886-4105
NetScout Systems Inc is a provider of service assurance and cybersecurity solutions to enterprise and government networks. It bases its solutions on proprietary adaptive service intelligence technology, which helps customers monitor and identify performance issues and provides insight into network-based security threats. These solutions also deliver real-time and historical information, which provides insight to restore service and understand the quality of user experience. The company derives revenue primarily from the sale of network management tools and security solutions. Its geographical regions include USA, Europe, Asia, and Rest of the World.
Executives
Michael Szabados officer: Chief Operating Officer 271 MATTISON DRIVE, CONCORD MA 01742
John Downing officer: SVP, Worldwide Sales Operation 310 LITTLETON ROAD, WESTFORD MA 01886
Hadzima Joseph G Jr director ONE BROADWAY, STE 1300, CAMBRIDGE MA 02142
Jean A Bua officer: See Remarks
Marlene Pelage director C/O NETSCOUT SYSTEMS, INC., 310 LITTLETON ROAD, WESTFORD MA 01886
Shannon Nash director C/O USERTESTING, INC., 144 TOWNSEND STREET, SAN FRANCISCO CA 94107
Vivian M Vitale director
Vincent J Mullarkey director 2 WINGATE LANE, ACTON MA 01720
Susan Louise Spradley director C/O NORTEL NETWORKS, 8200 DIXIE ROAD STE 100, BRAMPTON ONTARIO A6 L6T 5PT
Alfred Grasso director C/O NETSCOUT SYSTEMS, INC., 310 LITTLETON ROAD, WESTFORD MA 01886
Victor Demarines director
Christopher Perretta director C/O STATE STREET CORPORATION, ONE LINCOLN STREET, BOSTON MA 02111
John R Egan director 176 SOUTH ST., HOPKINTON MA 01748
Robert E Donahue director
Anil K Singhal director, officer: Chief Executive Officer C/O NETSCOUT SYTEMS INC, 310 LITTLETON ROAD, WESTFORD MA 01886