What is The Westaim Cyclically Adjusted Price-to-FCF?
Shiller PE for Stocks: The True Measure of Stock Valuation
The Westaim Cyclically Adjusted Price-to-FCF Historical Data
The historical data trend for The Westaim'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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The Westaim Cyclically Adjusted Price-to-FCF Chart
Competitive Comparison of The Westaim's Cyclically Adjusted Price-to-FCF
For the Asset Management subindustry, The Westaim'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.
The Westaim's Cyclically Adjusted Price-to-FCF Distribution in the Asset Management Industry
For the Asset Management industry and Financial Services sector, The Westaim's Cyclically Adjusted Price-to-FCF distribution charts can be found below:
* The bar in red indicates where The Westaim's Cyclically Adjusted Price-to-FCF falls into.
The Westaim 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.
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.
The Westaim (TSXV:WED) 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.
The Westaim Cyclically Adjusted Price-to-FCF Related Terms
Thank you for viewing the detailed overview of The Westaim's Cyclically Adjusted Price-to-FCF provided by GuruFocus.com. Please click on the following links to see related term pages.
The Westaim Corp is a Canada-based investment company, engaged in providing long-term capital to businesses operating mainly within the financial services industry. It invests, directly and indirectly, through acquisitions, joint ventures, and other arrangements, to provide its shareholders with capital appreciation and real wealth preservation. The group seeks to acquire debt, equity, or derivative securities of both public and private companies. The company derives revenue mostly from interest income and dividend income. Geographically, it has a business presence in the U.S., Asia Pacific, Canada, Europe, and other countries.
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