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Tenneco (Tenneco) Cyclically Adjusted Price-to-FCF : (As of May. 23, 2024)


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What is Tenneco Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Tenneco Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Tenneco'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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Tenneco Cyclically Adjusted Price-to-FCF Chart

Tenneco Annual Data
Trend Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21
Cyclically Adjusted Price-to-FCF
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Tenneco Quarterly Data
Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22
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Competitive Comparison of Tenneco's Cyclically Adjusted Price-to-FCF

For the Auto Parts subindustry, Tenneco'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.


Tenneco's Cyclically Adjusted Price-to-FCF Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Tenneco's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Tenneco 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.

Tenneco's Cyclically Adjusted FCF per Share for the quarter that ended in Sep. 2022 is calculated as:

For example, Tenneco's adjusted Free Cash Flow per Share data for the three months ended in Sep. 2022 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Sep. 2022 (Change)*Current CPI (Sep. 2022)
=-0.323/125.2265*125.2265
=-0.323

Current CPI (Sep. 2022) = 125.2265.

Tenneco Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201212 2.891 96.871 3.737
201303 -2.733 98.209 -3.485
201306 1.183 98.518 1.504
201309 -0.178 98.790 -0.226
201312 5.517 98.326 7.026
201403 -3.740 99.695 -4.698
201406 0.454 100.560 0.565
201409 0.275 100.428 0.343
201412 2.925 99.070 3.697
201503 -2.143 99.621 -2.694
201506 0.913 100.684 1.136
201509 0.500 100.392 0.624
201512 4.574 99.792 5.740
201603 -1.793 100.470 -2.235
201606 1.012 101.688 1.246
201609 0.890 101.861 1.094
201612 0.438 101.863 0.538
201703 -2.582 102.862 -3.143
201706 -0.075 103.349 -0.091
201709 -1.329 104.136 -1.598
201712 6.046 104.011 7.279
201803 -1.728 105.290 -2.055
201806 -0.136 106.317 -0.160
201809 -2.373 106.507 -2.790
201812 1.855 105.998 2.192
201903 -4.451 107.251 -5.197
201906 -1.471 108.070 -1.705
201909 0.025 108.329 0.029
201912 2.188 108.420 2.527
202003 -3.560 108.902 -4.094
202006 -3.122 108.767 -3.594
202009 4.788 109.815 5.460
202012 4.759 109.897 5.423
202103 -1.757 111.754 -1.969
202106 -0.207 114.631 -0.226
202109 -1.772 115.734 -1.917
202112 1.870 117.630 1.991
202203 -2.165 121.301 -2.235
202206 -3.098 125.017 -3.103
202209 -0.323 125.227 -0.323

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.


Tenneco  (NYSE:TEN) 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.


Tenneco Cyclically Adjusted Price-to-FCF Related Terms

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


Tenneco (Tenneco) Business Description

Industry
Traded in Other Exchanges
N/A
Address
500 North Field Drive, Lake Forest, IL, USA, 60045
Tenneco's emissions-control products meet strict air-quality legislation, optimize engine performance, improve fuel economy, and acoustically tune engine sound to fit a vehicle's profile. Ride-control products enhance safety by enabling improved steering, braking, and acceleration as well as ride comfort. Champion, Fel-Pro, Moog, Monroe, and Walker are some of Tenneco's well-known aftermarket brands. In 2021, 40% of revenue came from North America, 36% from Europe, 18% from China, and 6% other regions.
Executives
Nathan P. Bowen officer: Executive Vice President* 7450 N. MCCORMICK BLVD, SKOKIE IL 60076
Jane L Warner director C;/O WESTVACO CORP, ONE HIGH RIDGE PARK, STAMFORD CT 06905
James S Metcalf director USG CORP, 125 S FRANKLIN STREET DEPT 188, CHICAGO IL 60606
Dennis J Letham director C/O TENNECO INC, 500 FIELD DRIVE, LAKE FOREST IL 60045
Michelle Kumbier director 3700 WEST JUNEAU AVENUE, MILWAUKEE WI 53208
John W. Wehrenberg officer: Executive Vice President* 7450 N. MCCORMICK BLVD., SKOKIE IL 60076
Carl C Icahn 10 percent owner C/O ICAHN ENTERPRISES L.P., 16690 COLLINS AVE., PH-1, SUNNY ISLES BEACH FL 33160
Sabatino Thomas J Jr officer: Executive Vice President* C/O JAN STERN REED BAXTER INTERNATIONAL, ONE BAXTER PARKWAY DF2 2W, DEERFIELD IL 60015
John S Stroup director 1 N. BRENTWOOD BLVD., SUITE 1500, ST. LOUIS MO 63105
Matti Masanovich officer: Executive Vice President* COLLINS & AIKMAN CORPORATION, 250 STEPHENSON HIGHWAY, TROY MI 48083
Scott Usitalo officer: Executive Vice President 7450 N. MCCORMICK BLVD., SKOKIE IL 60076
Thomas C Freyman director 500 NORTH FIELD DRIVE, LAKE FOREST IL 60045
Kevin Baird officer: Executive Vice President* 500 NORTH FIELD DRIVE, LAKE FOREST IL 60045
Aleksandra A Miziolek director C/O SOLID POWER, INC., 486 S PIERCE AVE., SUITE E, LOUISVILLE CO 80027
Roy V Armes director