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Pure Storage (Pure Storage) Cyclically Adjusted Price-to-FCF : 175.26 (As of May. 14, 2024)


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What is Pure Storage Cyclically Adjusted Price-to-FCF?

As of today (2024-05-14), Pure Storage's current share price is $54.33. Pure Storage's Cyclically Adjusted FCF per Share for the quarter that ended in Jan. 2024 was $0.31. Pure Storage's Cyclically Adjusted Price-to-FCF for today is 175.26.

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

PSTG' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 127.5   Med: 143.25   Max: 178.55
Current: 178.21

During the past years, Pure Storage's highest Cyclically Adjusted Price-to-FCF was 178.55. The lowest was 127.50. And the median was 143.25.

PSTG's Cyclically Adjusted Price-to-FCF is ranked worse than
90.78% of 965 companies
in the Hardware industry
Industry Median: 29.67 vs PSTG: 178.21

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.

Pure Storage's adjusted free cash flow per share data for the three months ended in Jan. 2024 was $0.501. 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 $0.31 for the trailing ten years ended in Jan. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Pure Storage Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Pure Storage'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.

Pure Storage Cyclically Adjusted Price-to-FCF Chart

Pure Storage Annual Data
Trend Jan15 Jan16 Jan17 Jan18 Jan19 Jan20 Jan21 Jan22 Jan23 Jan24
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - - 130.98

Pure Storage Quarterly Data
Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24
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 - - - 128.77 130.98

Competitive Comparison of Pure Storage's Cyclically Adjusted Price-to-FCF

For the Computer Hardware subindustry, Pure Storage'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.


Pure Storage's Cyclically Adjusted Price-to-FCF Distribution in the Hardware Industry

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

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



Pure Storage 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.

Pure Storage's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=54.33/0.31
=175.26

* 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.

Pure Storage's Cyclically Adjusted FCF per Share for the quarter that ended in Jan. 2024 is calculated as:

For example, Pure Storage's adjusted Free Cash Flow per Share data for the three months ended in Jan. 2024 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Jan. 2024 (Change)*Current CPI (Jan. 2024)
=0.501/129.4194*129.4194
=0.501

Current CPI (Jan. 2024) = 129.4194.

Pure Storage Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201404 -0.244 100.023 -0.316
201407 -0.465 100.520 -0.599
201410 -0.254 100.176 -0.328
201501 -0.292 98.604 -0.383
201504 -0.134 99.824 -0.174
201507 -0.246 100.691 -0.316
201510 -0.069 100.346 -0.089
201601 0.169 99.957 0.219
201604 -0.092 100.947 -0.118
201607 -0.178 101.524 -0.227
201610 -0.336 101.988 -0.426
201701 0.126 102.456 0.159
201704 -0.132 103.167 -0.166
201707 -0.084 103.278 -0.105
201710 0.066 104.070 0.082
201801 0.176 104.578 0.218
201804 -0.017 105.708 -0.021
201807 -0.052 106.324 -0.063
201810 0.121 106.695 0.147
201901 0.214 106.200 0.261
201904 -0.072 107.818 -0.086
201907 0.043 108.250 0.051
201910 0.170 108.577 0.203
202001 0.217 108.841 0.258
202004 0.043 108.173 0.051
202007 0.097 109.318 0.115
202010 0.029 109.861 0.034
202101 0.174 110.364 0.204
202104 -0.023 112.673 -0.026
202107 0.337 115.183 0.379
202110 0.352 116.696 0.390
202201 0.402 118.619 0.439
202204 0.633 121.978 0.672
202207 0.429 125.002 0.444
202210 0.381 125.734 0.392
202301 0.374 126.223 0.383
202304 0.398 127.992 0.402
202307 0.150 128.974 0.151
202310 0.343 129.810 0.342
202401 0.501 129.419 0.501

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.


Pure Storage  (NYSE:PSTG) 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.


Pure Storage Cyclically Adjusted Price-to-FCF Related Terms

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


Pure Storage (Pure Storage) Business Description

Industry
Traded in Other Exchanges
Address
650 Castro Street, Suite 400, Mountain View, CA, USA, 94041
Pure Storage Inc is a US-based company that provides an enterprise data storage platform that transforms business through a dramatic increase in performance and reduction in complexity and costs. It generates revenue from two sources: product revenue which includes the sale of integrated storage hardware and embedded operating system software and; subscription services revenue which includes Evergreen Storage subscriptions, a unified subscription which includes Pure as-a-Service, and Cloud Block Store, and Portworx. Subscription services revenue also includes professional services offerings such as installation and implementation consulting services.
Executives
P. Kevan Krysler officer: Chief Financial Officer 3401 HILLVIEW AVENUE, PALO ALTO CA 94304
Roxanne Taylor director PURE STORAGE, INC., 650 CASTRO ST #400, MOUNTAIN VIEW CA 94041
Gregory Tomb director 650 CASTRO ST, SUITE 400, MOUNTAIN VIEW CA 94041
Mona Chu officer: Chief Accounting Officer 650 CASTRO ST #400, MOUNTAIN VIEW CA 94041
Mallun Yen director 1 MARKET PLAZA, STEUART TOWER, SUITE 800, SAN FRANCISCO CA 94105
Brown Andrew William Fraser director C/O GUIDEWIRE SOFTWARE, INC., 970 PARK PL, SUITE 200, SAN MATEO CA 94403
John Francis Murphy director 2250 E. IMPERIAL HIGHWAY, EL SEGUNDO CA 90245
Dan Fitzsimons officer: Chief Revenue Officer C/O PURE STORAGE, INC., 650 CASTRO ST #400, MOUNTAIN VIEW CA 94041
Ajay Singh officer: Chief Product Officer PURE STORAGE, INC., 650 CASTRO ST #400, MOUNTAIN VIEW CA 94041
Anita M Sands director 350 ELLIS STREET, MOUNTAIN VIEW CA 94043
Scott Dietzen director, officer: Chief Executive Officer C/O PURE STORAGE, INC., 650 CASTRO STREET, SUITE 400, MOUNTAIN VIEW CA 94041
Paul S Mountford officer: Chief Operating Officer 950 WEST MAUDE AVE, SUNNYVALE CA 94085
Timothy Riitters officer: Chief Financial Officer C/O PURE STORAGE, INC., 650 CASTRO STREET, SUITE 400, MOUNTAIN VIEW CA 94041
Taylor Susan J.s. director C/O LINKEDIN CORPORATION, 2029 STIERLIN COURT, MOUNTAIN VIEW CA 94043
John Colgrove director, officer: Chief Technology Officer C/O PURE STORAGE, INC., 650 CASTRO STREET, SUITE 400, MOUNTAIN VIEW CA 94041