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F5 (FFIV) Cyclically Adjusted Price-to-FCF : 16.14 (As of Apr. 27, 2024)


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What is F5 Cyclically Adjusted Price-to-FCF?

As of today (2024-04-27), F5's current share price is $181.94. F5's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was $11.27. F5's Cyclically Adjusted Price-to-FCF for today is 16.14.

The historical rank and industry rank for F5's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

FFIV' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 11.82   Med: 21.08   Max: 35.55
Current: 16.14

During the past years, F5's highest Cyclically Adjusted Price-to-FCF was 35.55. The lowest was 11.82. And the median was 21.08.

FFIV's Cyclically Adjusted Price-to-FCF is ranked better than
71.04% of 670 companies
in the Software industry
Industry Median: 28.305 vs FFIV: 16.14

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.

F5's adjusted free cash flow per share data for the three months ended in Dec. 2023 was $2.620. 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 $11.27 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


F5 Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for F5'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.

F5 Cyclically Adjusted Price-to-FCF Chart

F5 Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 16.78 13.61 19.98 13.53 14.25

F5 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 13.40 13.26 13.11 14.25 15.88

Competitive Comparison of F5's Cyclically Adjusted Price-to-FCF

For the Software - Infrastructure subindustry, F5'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.


F5's Cyclically Adjusted Price-to-FCF Distribution in the Software Industry

For the Software industry and Technology sector, F5's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where F5's Cyclically Adjusted Price-to-FCF falls into.



F5 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.

F5's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=181.94/11.27
=16.14

* 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.

F5's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, F5'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)
=2.62/129.4194*129.4194
=2.620

Current CPI (Dec. 2023) = 129.4194.

F5 Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 1.008 99.695 1.309
201406 1.761 100.560 2.266
201409 2.181 100.428 2.811
201412 2.370 99.070 3.096
201503 1.745 99.621 2.267
201506 2.103 100.684 2.703
201509 2.300 100.392 2.965
201512 2.681 99.792 3.477
201603 1.720 100.470 2.216
201606 2.296 101.688 2.922
201609 2.776 101.861 3.527
201612 2.608 101.863 3.314
201703 2.549 102.862 3.207
201706 2.410 103.349 3.018
201709 3.224 104.136 4.007
201712 2.933 104.011 3.649
201803 2.820 105.290 3.466
201806 2.632 106.317 3.204
201809 3.044 106.507 3.699
201812 2.916 105.998 3.560
201903 2.741 107.251 3.308
201906 1.950 108.070 2.335
201909 3.056 108.329 3.651
201912 2.001 108.420 2.389
202003 2.761 108.902 3.281
202006 2.390 108.767 2.844
202009 2.644 109.815 3.116
202012 2.130 109.897 2.508
202103 1.916 111.754 2.219
202106 2.818 114.631 3.182
202109 3.062 115.734 3.424
202112 1.290 117.630 1.419
202203 1.975 121.301 2.107
202206 1.027 125.017 1.063
202209 2.417 125.227 2.498
202212 2.393 125.222 2.473
202303 2.146 127.348 2.181
202306 2.488 128.729 2.501
202309 2.922 129.860 2.912
202312 2.620 129.419 2.620

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.


F5  (NAS:FFIV) 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.


F5 Cyclically Adjusted Price-to-FCF Related Terms

Thank you for viewing the detailed overview of F5's Cyclically Adjusted Price-to-FCF provided by GuruFocus.com. Please click on the following links to see related term pages.


F5 (FFIV) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Software » F5 Inc (NAS:FFIV) » Definitions » Cyclically Adjusted Price-to-FCF
Traded in Other Exchanges
Address
801 5th Avenue, Seattle, WA, USA, 98104
F5 is a market leader in the application delivery controller market. The company sells products for security, application performance, and automation. Its three customer verticals are enterprises, service providers, and government entities. Revenue is evenly split between its services business and products business with revenue trending toward products due to software adoption. The Seattle-based firm was incorporated in 1996, has about 6,500 employees, and generates about 55% its revenue within the Americas, 25% in EMEA, and 20% in APAC/Japan.
Executives
Francis J. Pelzer officer: EVP, Chief Financial Officer CONCUR TECHNOLOGIES, INC., 18400 NE UNION HILL RD., REDMOND WA 98052
Scot Frazier Rogers officer: Interim General Counsel C/O F5 NETWORKS, INC., 401 ELLIOTT AVE. WEST, SEATTLE WA 98119
Chad Michael Whalen officer: EVP, Worldwide Sales C/O F5 NETWORKS, INC., 401 ELLIOTT AVE. WEST, SEATTLE WA 98119
Alan Higginson director
Francois Locoh-donou director, officer: President, CEO & Director C/O F5 NETWORKS, INC., 401 ELLIOTT AVE. W., SEATTLE WA 98119
Thomas Dean Fountain officer: EVP and Chief Strategy Officer C/O F5 NETWORKS, INC., 401 ELLIOTT AVE. WEST, SEATTLE WA 98119
Tami A. Erwin director 1095 AVENUE OF THE AMERICAS, NEW YORK NY 10036
Ana Maria White officer: EVP and Chief HR Officer C/O F5 NETWORKS, INC., 401 ELLIOTT AVE. WEST, SEATTLE WA 98119
Michael L Dreyer director C/O F5 NETWORKS, INC., 401 ELLIOTT AVE. WEST, SEATTLE WA 98119
Mika Yamamoto officer: EVP, Chief Marketing Officer 21300 VICTORY BLVD.,, 12TH FLOOR, WOODLAND HILLS CA 91367
Geng Lin officer: EVP, Chief Technology Officer C/O F5 NETWORKS, INC., 401 ELLIOTT AVE. WEST, SEATTLE WA 98119
Marianne Budnik director C/O ACME PACKET, INC., 100 CROSBY DRIVE, BEDFORD MA 01730
Phillips James Malcolm Jr director C/O F5, INC., 801 FIFTH AVE., SEATTLE WA 98104
Michael F Montoya director C/O F5 NETWORKS, INC., 801 FIFTH AVE., SEATTLE WA 98104
Deborah L Bevier director PO BOX 91258, BELLEVUE WA 98009