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Graham (Graham) Cyclically Adjusted Price-to-FCF : 45.02 (As of Apr. 28, 2024)


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What is Graham Cyclically Adjusted Price-to-FCF?

As of today (2024-04-28), Graham's current share price is $28.36. Graham's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was $0.63. Graham's Cyclically Adjusted Price-to-FCF for today is 45.02.

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

GHM' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 10.61   Med: 23.29   Max: 62.51
Current: 44.91

During the past years, Graham's highest Cyclically Adjusted Price-to-FCF was 62.51. The lowest was 10.61. And the median was 23.29.

GHM's Cyclically Adjusted Price-to-FCF is ranked worse than
63.29% of 1016 companies
in the Industrial Products industry
Industry Median: 32.505 vs GHM: 44.91

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.

Graham's adjusted free cash flow per share data for the three months ended in Dec. 2023 was $0.522. 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 $0.63 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Graham Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Graham'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.

Graham Cyclically Adjusted Price-to-FCF Chart

Graham Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 22.35 24.38 21.83 11.64 20.13

Graham 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 17.02 20.13 18.94 23.75 30.04

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

For the Specialty Industrial Machinery subindustry, Graham'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.


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

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

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



Graham 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=28.36/0.63
=45.02

* 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.

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

For example, Graham'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)
=0.522/129.4194*129.4194
=0.522

Current CPI (Dec. 2023) = 129.4194.

Graham Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 -0.241 99.695 -0.313
201406 0.061 100.560 0.079
201409 0.372 100.428 0.479
201412 -0.183 99.070 -0.239
201503 -0.154 99.621 -0.200
201506 0.302 100.684 0.388
201509 0.408 100.392 0.526
201512 1.422 99.792 1.844
201603 -0.378 100.470 -0.487
201606 0.381 101.688 0.485
201609 -0.061 101.861 -0.078
201612 0.758 101.863 0.963
201703 0.164 102.862 0.206
201706 0.283 103.349 0.354
201709 -0.240 104.136 -0.298
201712 0.298 104.011 0.371
201803 0.320 105.290 0.393
201806 -0.010 106.317 -0.012
201809 0.488 106.507 0.593
201812 0.239 105.998 0.292
201903 -0.131 107.251 -0.158
201906 -0.512 108.070 -0.613
201909 0.248 108.329 0.296
201912 -0.295 108.420 -0.352
202003 0.438 108.902 0.521
202006 -0.476 108.767 -0.566
202009 0.166 109.815 0.196
202012 0.227 109.897 0.267
202103 -0.309 111.754 -0.358
202106 -0.738 114.631 -0.833
202109 -0.225 115.734 -0.252
202112 -0.614 117.630 -0.676
202203 1.120 121.301 1.195
202206 -0.092 125.017 -0.095
202209 -0.057 125.227 -0.059
202212 0.762 125.222 0.788
202303 0.337 127.348 0.342
202306 0.663 128.729 0.667
202309 0.137 129.860 0.137
202312 0.522 129.419 0.522

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.


Graham  (NYSE:GHM) 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.


Graham Cyclically Adjusted Price-to-FCF Related Terms

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


Graham (Graham) Business Description

Industry
Traded in Other Exchanges
Address
20 Florence Avenue, Batavia, NY, USA, 14020
Graham Corporation manufactures and sells critical equipment for the energy, defense, and chemical/petrochemical industries based with emphasis on the United States. Its suite of products includes ejectors, surface condensers, turbopumps, compressors and liquid vacuum pumps, among others. For the defense industry, its equipment is used in nuclear propulsion power systems for the U.S. Navy. For the chemical and petrochemical industries, its equipment is used in fertilizer, ethylene, methanol and downstream chemical facilities. The company derives key revenue from the sale of Heat transfer equipment. It derives revenue from the US and other countries.
Executives
Alan E Smith officer: VP of Operations GRAHAM CORPORATION, 20 FLORENCE AVENUE, BATAVIA NY 14020
Daniel J. Thoren officer: President and COO C/O GRAHAM CORPORATION, 20 FLORENCE AVENUE, BATAVIA NY 14020
Christopher J. Thome officer: VP-Finance; CFO C/O GRAHAM CORPORATION, 20 FLORENCE AVENUE, BATAVIA NY 14020
Cari L Jaroslawsky director C/O HARTER SECREST & EMERY LLP, 1600 BAUSCH & LOMB PLACE, ROCHESTER NY 14604
Troy A. Stoner director C/O GRAHAM CORPORATION, 20 FLORENCE AVENUE, BATAVIA NY 14020
Jeffrey Glajch officer: VP-Finance; CFO GRAHAM CORPORATION, 20 FLORENCE AVENUE, BATAVIA NY 14020
James J Barber director C/O METABOLIX, INC., 21 ERIE STREET, CAMBRIDGE MA 02139
Lisa M. Schnorr director C/O GRAHAM CORPORATION, 20 FLORENCE AVENUE, BATAVIA NY 14020
Jonathan W Painter director ONE ACTO PLACE, SUITE 202, ACTON MA 01720
Alan Fortier director GRAHAM CORPORATION, 20 FLORENCE AVENUE, BATAVIA NY 14020
Matthew Malone officer: VP & GM of Barber-Nichols C/O GRAHAM CORPORATION, 20 FLORENCE AVENUE, BATAVIA NY 14020
James R Lines officer: VP Marketing & Sales 11 HILLSIDE PARKWY, LANCSTER NY 14068
Jennifer R Condame officer: CAO and Controller GRAHAM CORPORATION, 20 FLORENCE AVENUE, BATAVIA NY 14020
John N Rice officer: Vice President of Sales GRAHAM CORPORATION, 20 FLORENCE AVENUE, BATAVIA NY 14020
Gerard T Mazurkiewicz director