GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Deere & Co (NYSE:DE) » Definitions » Cyclically Adjusted Price-to-FCF

Deere (DE) Cyclically Adjusted Price-to-FCF : 70.49 (As of Apr. 27, 2024)


View and export this data going back to 1958. Start your Free Trial

What is Deere Cyclically Adjusted Price-to-FCF?

As of today (2024-04-27), Deere's current share price is $393.33. Deere's Cyclically Adjusted FCF per Share for the quarter that ended in Jan. 2024 was $5.58. Deere's Cyclically Adjusted Price-to-FCF for today is 70.49.

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

DE' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 48.65   Med: 94.62   Max: 334.77
Current: 70.56

During the past years, Deere's highest Cyclically Adjusted Price-to-FCF was 334.77. The lowest was 48.65. And the median was 94.62.

DE's Cyclically Adjusted Price-to-FCF is ranked worse than
78.79% of 99 companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 26.88 vs DE: 70.56

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.

Deere's adjusted free cash flow per share data for the three months ended in Jan. 2024 was $-6.133. 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 $5.58 for the trailing ten years ended in Jan. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Deere Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Deere'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.

Deere Cyclically Adjusted Price-to-FCF Chart

Deere Annual Data
Trend Oct14 Oct15 Oct16 Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 221.33 109.75 93.57 87.91 63.22

Deere 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 95.94 81.34 86.15 63.22 70.48

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

For the Farm & Heavy Construction Machinery subindustry, Deere'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.


Deere's Cyclically Adjusted Price-to-FCF Distribution in the Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, Deere's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Deere 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=393.33/5.58
=70.49

* 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.

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

For example, Deere'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)
=-6.133/129.4194*129.4194
=-6.133

Current CPI (Jan. 2024) = 129.4194.

Deere Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201404 -1.697 100.023 -2.196
201407 2.377 100.520 3.060
201410 5.295 100.176 6.841
201501 -2.875 98.604 -3.774
201504 -0.928 99.824 -1.203
201507 2.047 100.691 2.631
201510 4.804 100.346 6.196
201601 -4.685 99.957 -6.066
201604 -0.825 100.947 -1.058
201607 3.026 101.524 3.857
201610 5.085 101.988 6.453
201701 -3.987 102.456 -5.036
201704 -0.208 103.167 -0.261
201707 0.929 103.278 1.164
201710 1.976 104.070 2.457
201801 -5.694 104.578 -7.047
201804 -2.007 105.708 -2.457
201807 -0.525 106.324 -0.639
201810 4.754 106.695 5.767
201901 -7.155 106.200 -8.719
201904 -1.865 107.818 -2.239
201907 3.427 108.250 4.097
201910 5.590 108.577 6.663
202001 -4.086 108.841 -4.859
202004 2.122 108.173 2.539
202007 8.790 109.318 10.406
202010 8.436 109.861 9.938
202101 -0.965 110.364 -1.132
202104 3.195 112.673 3.670
202107 6.094 115.183 6.847
202110 8.140 116.696 9.028
202201 -10.139 118.619 -11.062
202204 0.081 121.978 0.086
202207 3.981 125.002 4.122
202210 9.288 125.734 9.560
202301 -6.881 126.223 -7.055
202304 0.331 127.992 0.335
202307 6.850 128.974 6.874
202310 14.231 129.810 14.188
202401 -6.133 129.419 -6.133

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.


Deere  (NYSE:DE) 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.


Deere Cyclically Adjusted Price-to-FCF Related Terms

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


Deere (DE) Business Description

Address
One John Deere Place, Moline, IL, USA, 61265
Deere is the world's leading manufacturer of agricultural equipment, producing some of the most recognizable machines in the heavy machinery industry. The company is divided into four reportable segments: production and precision agriculture, small agriculture and turf, construction and forestry, and John Deere Capital. Its products are available through an extensive dealer network, which includes over 2,000 dealer locations in North America and approximately 3,700 locations globally. John Deere Capital provides retail financing for machinery to its customers, in addition to wholesale financing for dealers, which increases the likelihood of Deere product sales.
Executives
Deanna M Kovar officer: Pres Ag & Turf, Sml Ag & Turf ONE JOHN DEERE PLACE, MOLINE IL 61265
Ryan D Campbell officer: Senior Vice President & CFO ONE JOHN DEERE PLACE, MOLINE IL 61265
Laurence Neil Hunn director 100 NORTH POINT CENTER EAST, SUITE 200, ALPHARETTA GA 30022
Reed Cory J officer: Pres., John Deere Financial DEERE & COMPANY, ONE JOHN DEERE PLACE, MOLINE IL 61265
May John C Ii officer: President, Ag Solutions & CIO DEERE & COMPANY, ONE JOHN DEERE PLACE, MOLINE IL 61265
Pentz Markwart Von officer: Pres.Ag Div.Europe,Africa,SA DEERE & COMPANY, ONE JOHN DEERE PLACE, MOLINE IL 61265
Tami A. Erwin director 1095 AVENUE OF THE AMERICAS, NEW YORK NY 10036
Jahmy J Hindman officer: Sr VP & Chief Technology Offcr ONE JOHN DEERE PLACE, MOLINE IL 61265
Marc A Howze officer: Sr. VP & Chief Admin Offcr DEERE & COMPANY, ONE JOHN DEERE PLACE, MOLINE IL 61265
Justin Ryan Rose officer: Pres, L.C. Sol, Cus Sup & S.M. ONE JOHN DEERE PLACE, MOLINE IL 61265
Joshua A Jepsen officer: Senior V.P. & CFO ONE JOHN DEERE PLACE, MOLINE IL 61265
Felecia J. Pryor officer: Snr V.P. & Chief People Offcr 3850 W. HAMLIN ROAD, AUBURN HILLS MI 48326
John H Stone officer: Pres., WW Const & For & Pow Sy C/O SCHLAGE LOCK COMPANY LLC, 11819 N. PENNSYLVANIA STREET, CARMEL IN 46032
Leanne G Caret director 1000 WILSON BLVD, ARLINGTON VA 22209
Rajesh Kalathur officer: Sr. VP and CFO DEERE & COMPANY, ONE JOHN DEERE PLACE, MOLINE IL 61265

Deere (DE) Headlines

From GuruFocus

Q4 2023 Deere & Co Earnings Call Transcript

By GuruFocus Research 01-22-2024

Q3 2019 Deere & Co Earnings Call Transcript

By GuruFocus Research 01-22-2024

Q1 2023 Deere & Co Earnings Call Transcript

By GuruFocus Research 01-22-2024

Q2 2023 Deere & Co Earnings Call Transcript

By GuruFocus Research 01-22-2024

Q2 2022 Deere & Co Earnings Call Transcript

By GuruFocus Research 01-22-2024

Q2 2019 Deere & Co Earnings Call Transcript

By GuruFocus Research 01-22-2024

Q1 2020 Deere & Co Earnings Call Transcript

By GuruFocus Research 01-22-2024

Deere & Co Annual Shareholders Meeting Transcript

By GuruFocus Research 01-22-2024

Q3 2023 Deere & Co Earnings Call Transcript

By GuruFocus Research 01-22-2024

Q2 2021 Deere & Co Earnings Call Transcript

By GuruFocus Research 01-22-2024