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IDEX (IEX) Cyclically Adjusted Price-to-FCF : 32.55 (As of Apr. 27, 2024)


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What is IDEX Cyclically Adjusted Price-to-FCF?

As of today (2024-04-27), IDEX's current share price is $220.66. IDEX's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was $6.78. IDEX's Cyclically Adjusted Price-to-FCF for today is 32.55.

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

IEX' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 22.59   Med: 33.01   Max: 44.05
Current: 32.56

During the past years, IDEX's highest Cyclically Adjusted Price-to-FCF was 44.05. The lowest was 22.59. And the median was 33.01.

IEX's Cyclically Adjusted Price-to-FCF is ranked worse than
50.89% of 1016 companies
in the Industrial Products industry
Industry Median: 32.505 vs IEX: 32.56

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.

IDEX's adjusted free cash flow per share data for the three months ended in Mar. 2024 was $1.800. 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 $6.78 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


IDEX Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for IDEX'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.

IDEX Cyclically Adjusted Price-to-FCF Chart

IDEX 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 38.86 40.28 41.59 36.54 32.42

IDEX Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 36.02 33.21 31.36 32.42 36.01

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

For the Specialty Industrial Machinery subindustry, IDEX'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.


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

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

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



IDEX 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=220.66/6.78
=32.55

* 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.

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

For example, IDEX's adjusted Free Cash Flow per Share data for the three months ended in Mar. 2024 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=1.8/129.4194*129.4194
=1.800

Current CPI (Mar. 2024) = 129.4194.

IDEX Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.980 100.560 1.261
201409 1.116 100.428 1.438
201412 1.095 99.070 1.430
201503 0.499 99.621 0.648
201506 1.089 100.684 1.400
201509 1.347 100.392 1.736
201512 1.133 99.792 1.469
201603 0.805 100.470 1.037
201606 1.044 101.688 1.329
201609 1.481 101.861 1.882
201612 1.380 101.863 1.753
201703 0.973 102.862 1.224
201706 1.012 103.349 1.267
201709 1.490 104.136 1.852
201712 1.551 104.011 1.930
201803 0.794 105.290 0.976
201806 1.361 106.317 1.657
201809 1.473 106.507 1.790
201812 1.782 105.998 2.176
201903 0.993 107.251 1.198
201906 1.549 108.070 1.855
201909 1.907 108.329 2.278
201912 1.786 108.420 2.132
202003 0.942 108.902 1.119
202006 2.122 108.767 2.525
202009 1.782 109.815 2.100
202012 1.932 109.897 2.275
202103 1.241 111.754 1.437
202106 1.575 114.631 1.778
202109 1.852 115.734 2.071
202112 1.779 117.630 1.957
202203 0.832 121.301 0.888
202206 1.271 125.017 1.316
202209 2.398 125.227 2.478
202212 1.946 125.222 2.011
202303 1.598 127.348 1.624
202306 1.576 128.729 1.584
202309 2.721 129.860 2.712
202312 2.364 129.419 2.364
202403 1.800 129.419 1.800

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.


IDEX  (NYSE:IEX) 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.


IDEX Cyclically Adjusted Price-to-FCF Related Terms

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


IDEX (IEX) Business Description

Industry
Traded in Other Exchanges
Address
3100 Sanders Road, Suite 301, Northbrook, IL, USA, 60062
Idex manufactures pumps, flow meters, valves, and fluidic systems for customers in a variety of end markets, including industrial, fire and safety, life science, and water. The firm's business is organized into three segments: fluid and metering technologies, health and science technologies, and fire and safety and diversified products. Based in Lake Forest, Illinois, Idex has manufacturing operations in over 20 countries and has over 7,000 employees. The company generated $3.2 billion in revenue and $763 million in adjusted operating income in 2022.
Executives
Alejandro Quiroz director 3100 SANDERS ROAD, SUITE 301, NORTHBROOK IL 60062
Roopa Unnikrishnan officer: SVP, Strategy&Corp Development 3100 SANDERS ROAD, SUITE 301, NORTHBROOK IL 60062
Marc Uleman officer: Senior VP, Group Executive HST 3100 SANDERS ROAD, SUITE 301, NORTHBROOK IL 60062
William K Grogan officer: SVP - Chief Financial Officer 3100 SANDERS ROAD, SUITE 301, NORTHBROOK IL 60062
Melissa Aquino officer: Former SVP, Group Exec FMT&FSD 3100 SANDERS ROAD, SUITE 301, NORTHBROOK IL 60062
Livingston Satterthwaite director 1925 WEST FIELD COURT, SUITE 200, LAKE FOREST IL 60045
Eric D Ashleman officer: SVP - Chief Operating Officer 3100 SANDERS ROAD, SUITE 301, NORTHBROOK IL 60062
Stanfield Paris Watts director 3100 SANDERS ROAD, SUITE 301, NORTHBROOK IL 60062
Carl R Christenson director C/O ALTRA INDUSTRIAL MOTION INC., 300 GRANITE STREET, BRAINTREE MA 02184
Katrina L Helmkamp director 1925 WEST FIELD COURT, SUITE 200, LAKE FOREST IL 60045
William M Cook director 1925 WEST FIELD COURT, SUITE 200, LAKE FOREST IL 60045
Mark A Buthman director P O BOX 619100, DALLAS TX 752619100
Lakecia N Gunter director 3100 SANDER ROAD, SUITE 301, NORTHBROOK IL 60062
Mark A Beck director 2200 PENNSYLVANIA AVENUE, NW, SUITE 800W, WASHINGTON DC 20037
David C Parry director 155 HARLEM AVE., GLENVIEW IL 60025

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