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AMETEK (AMETEK) Cyclically Adjusted Price-to-FCF : 37.77 (As of Apr. 27, 2024)


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What is AMETEK Cyclically Adjusted Price-to-FCF?

As of today (2024-04-27), AMETEK's current share price is $177.51. AMETEK's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was $4.70. AMETEK's Cyclically Adjusted Price-to-FCF for today is 37.77.

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

AME' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 21.48   Med: 32.27   Max: 40.98
Current: 37.88

During the past years, AMETEK's highest Cyclically Adjusted Price-to-FCF was 40.98. The lowest was 21.48. And the median was 32.27.

AME's Cyclically Adjusted Price-to-FCF is ranked worse than
56.67% of 1020 companies
in the Industrial Products industry
Industry Median: 32.64 vs AME: 37.88

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.

AMETEK's adjusted free cash flow per share data for the three months ended in Dec. 2023 was $2.075. 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 $4.70 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


AMETEK Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for AMETEK'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.

AMETEK Cyclically Adjusted Price-to-FCF Chart

AMETEK Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 33.77 36.34 38.78 33.41 35.11

AMETEK Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 33.41 33.53 36.36 32.10 35.11

Competitive Comparison of AMETEK's Cyclically Adjusted Price-to-FCF

For the Specialty Industrial Machinery subindustry, AMETEK'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.


AMETEK's Cyclically Adjusted Price-to-FCF Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, AMETEK's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



AMETEK 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=177.51/4.7
=37.77

* 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.

AMETEK's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, AMETEK's adjusted Free Cash Flow per Share data for the three months ended in Dec. 2023 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=2.075/129.4194*129.4194
=2.075

Current CPI (Dec. 2023) = 129.4194.

AMETEK Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 0.593 99.695 0.770
201406 0.567 100.560 0.730
201409 0.721 100.428 0.929
201412 0.769 99.070 1.005
201503 0.443 99.621 0.576
201506 0.623 100.684 0.801
201509 0.698 100.392 0.900
201512 0.736 99.792 0.955
201603 0.595 100.470 0.766
201606 0.745 101.688 0.948
201609 0.660 101.861 0.839
201612 0.971 101.863 1.234
201703 0.559 102.862 0.703
201706 0.797 103.349 0.998
201709 0.952 104.136 1.183
201712 0.961 104.011 1.196
201803 0.709 105.290 0.871
201806 0.801 106.317 0.975
201809 0.986 106.507 1.198
201812 1.131 105.998 1.381
201903 0.765 107.251 0.923
201906 0.979 108.070 1.172
201909 1.356 108.329 1.620
201912 1.310 108.420 1.564
202003 1.099 108.902 1.306
202006 1.322 108.767 1.573
202009 1.294 109.815 1.525
202012 1.504 109.897 1.771
202103 1.149 111.754 1.331
202106 1.132 114.631 1.278
202109 1.206 115.734 1.349
202112 1.023 117.630 1.126
202203 0.751 121.301 0.801
202206 0.907 125.017 0.939
202209 1.295 125.227 1.338
202212 1.414 125.222 1.461
202303 1.585 127.348 1.611
202306 1.329 128.729 1.336
202309 1.917 129.860 1.911
202312 2.075 129.419 2.075

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.


AMETEK  (NYSE:AME) 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.


AMETEK Cyclically Adjusted Price-to-FCF Related Terms

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


AMETEK (AMETEK) Business Description

Industry
Traded in Other Exchanges
Address
1100 Cassatt Road, Berwyn, PA, USA, 19312-1177
Ametek is a diversified industrial conglomerate with over $6 billion in sales. The firm operates through an electronic instruments group and an electromechanical group. EIG designs and manufactures differentiated and advanced instruments for the process, aerospace, power, and industrial end markets. EMG is a focused, niche supplier of highly engineered automation solutions, thermal management systems, specialty metals, and electrical interconnects, among other products. About half of the firm's sales are made in the United States. The firm's asset-light strategy in place for nearly two decades emphasizes growth through acquisitions, new product development through research and development, driving operational efficiencies, and global and market expansion.
Executives
David A Zapico officer: Pres. - Electronic Instruments AMETEK, INC., 1100 CASSATT ROAD, BERWYN PA 19312
Steven W Kohlhagen director AMETEK, INC., 1100 CASSATT ROAD, BERWYN PA 19312
William Joseph Burke officer: SR. VP-Comptroller & Treasurer AMETEK, INC., 1100 CASSATT ROAD, BERWYN PA 19312
Emanuela Speranza officer: CHIEF COMMERCIAL OFFICER 1100 CASSATT ROAD, BERWYN PA 19312
Anthony James Conti director 76 GOLFVIEW DRIVE, IVYLAND PA 18974
Thomas A Amato director 38505 WOODWARD AVENUE, SUITE 200, BLOOMFIELD HILLS MI 48304
Ronald J Oscher officer: PRES. - ELECTRONIC INSTRUMENTS AMETEK, INC., 1100 CASSATT ROAD, BERWYN PA 19312
Gretchen W Mcclain director XYLEM INC., 1133 WESTCHESTER AVENUE, SUITE N200, WHITE PLAINS NY 10604
Thomas C Marecic officer: PRES. - ELECTRONIC INSTRUMENTS AMETEK, INC., 1100 CASSATT ROAD, BERWYN PA 19312
Thomas M Montgomery officer: SR. VP. - COMPTROLLER AMETEK, INC., 1100 CASSATT ROAD, BERWYN PA 19312
John Wesley Hardin officer: PRES. - ELECTRONIC INSTRUMENTS AMETEK,INC., 1100 CASSATT ROAD, BERWYN PA 19312
David F. Hermance officer: PRESIDENT - ELECTROMECHANICAL 1100 CASSATT ROAD, BERWYN PA 19312
Suzanne Stefany director JELD-WEN HOLDING, INC., 440 S. CHURCH STREET, SUITE 400, CHARLOTTE NC 28202
Dean Seavers director 70 SUFFOLK ROAD, CHESTNUT HILL MA 02467
Ruby R Chandy director 630 DUNDEE ROAD, SUITE 400, NORTHBROOK IL 60062

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