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Murata Manufacturing Co (TSE:6981) Cyclically Adjusted Price-to-FCF : 51.79 (As of May. 16, 2024)


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

As of today (2024-05-16), Murata Manufacturing Co's current share price is 円2806.50. Murata Manufacturing Co's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was 円54.19. Murata Manufacturing Co's Cyclically Adjusted Price-to-FCF for today is 51.79.

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

TSE:6981' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 43.28   Med: 63.76   Max: 134.81
Current: 51.61

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 63.76.

TSE:6981's Cyclically Adjusted Price-to-FCF is ranked worse than
68.5% of 962 companies
in the Hardware industry
Industry Median: 29.65 vs TSE:6981: 51.61

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 円62.754. 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 円54.19 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
=2806.50/54.19
=51.79

* 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)
=62.754/107.2000*107.2000
=62.754

Current CPI (Mar. 2024) = 107.2000.

Murata Manufacturing Co Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 5.842 98.000 6.390
201409 15.812 98.500 17.209
201412 17.590 97.900 19.261
201503 44.075 97.900 48.262
201506 -9.936 98.400 -10.825
201509 9.101 98.500 9.905
201512 -7.943 98.100 -8.680
201603 50.719 97.900 55.537
201606 -7.395 98.100 -8.081
201609 16.244 98.000 17.769
201612 12.703 98.400 13.839
201703 23.009 98.100 25.143
201706 -0.968 98.500 -1.053
201709 -12.846 98.800 -13.938
201712 -35.111 99.400 -37.866
201803 6.501 99.200 7.025
201806 -11.485 99.200 -12.411
201809 -20.986 99.900 -22.520
201812 3.242 99.700 3.486
201903 23.112 99.700 24.851
201906 -1.620 99.800 -1.740
201909 12.661 100.100 13.559
201912 12.372 100.500 13.197
202003 10.140 100.300 10.838
202006 -1.113 99.900 -1.194
202009 12.626 99.900 13.549
202012 17.443 99.300 18.831
202103 61.538 99.900 66.035
202106 5.928 99.500 6.387
202109 60.714 100.100 65.020
202112 35.766 100.100 38.303
202203 38.739 101.100 41.076
202206 -4.794 101.800 -5.048
202209 13.698 103.100 14.243
202212 -16.583 104.100 -17.077
202303 25.891 104.400 26.585
202306 -6.785 105.200 -6.914
202309 14.103 106.200 14.236
202312 35.850 106.800 35.984
202403 62.754 107.200 62.754

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  (TSE:6981) 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

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Murata Manufacturing Co (TSE:6981) 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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