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Johnson Controls International (Johnson Controls International) Cyclically Adjusted Price-to-FCF : 37.42 (As of Apr. 28, 2024)


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What is Johnson Controls International Cyclically Adjusted Price-to-FCF?

As of today (2024-04-28), Johnson Controls International's current share price is $65.11. Johnson Controls International's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was $1.74. Johnson Controls International's Cyclically Adjusted Price-to-FCF for today is 37.42.

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

JCI' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 5.27   Med: 38.18   Max: 66.27
Current: 37.47

During the past years, Johnson Controls International's highest Cyclically Adjusted Price-to-FCF was 66.27. The lowest was 5.27. And the median was 38.18.

JCI's Cyclically Adjusted Price-to-FCF is ranked worse than
74.56% of 566 companies
in the Construction industry
Industry Median: 17.73 vs JCI: 37.47

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.

Johnson Controls International's adjusted free cash flow per share data for the three months ended in Dec. 2023 was $-0.495. 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 $1.74 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Johnson Controls International Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Johnson Controls International'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.

Johnson Controls International Cyclically Adjusted Price-to-FCF Chart

Johnson Controls International 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 58.16 46.71 55.70 31.29 31.68

Johnson Controls International 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 41.26 37.13 42.25 31.68 33.17

Competitive Comparison of Johnson Controls International's Cyclically Adjusted Price-to-FCF

For the Building Products & Equipment subindustry, Johnson Controls International'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.


Johnson Controls International's Cyclically Adjusted Price-to-FCF Distribution in the Construction Industry

For the Construction industry and Industrials sector, Johnson Controls International's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Johnson Controls International 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.

Johnson Controls International's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=65.11/1.74
=37.42

* 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.

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

For example, Johnson Controls International'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)
=-0.495/120.1096*120.1096
=-0.495

Current CPI (Dec. 2023) = 120.1096.

Johnson Controls International Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 0.737 100.573 0.880
201406 0.685 100.773 0.816
201409 1.190 100.474 1.423
201412 -0.662 99.576 -0.799
201503 0.105 99.975 0.126
201506 0.632 100.573 0.755
201509 0.567 100.274 0.679
201512 -0.452 99.676 -0.545
201603 0.572 99.676 0.689
201606 -0.314 101.072 -0.373
201609 1.067 100.274 1.278
201612 -2.381 99.676 -2.869
201703 0.110 100.374 0.132
201706 -0.155 100.673 -0.185
201709 1.747 100.474 2.088
201712 -0.267 100.075 -0.320
201803 0.540 100.573 0.645
201806 0.565 101.072 0.671
201809 1.169 101.371 1.385
201812 -0.042 100.773 -0.050
201903 0.404 101.670 0.477
201906 -0.019 102.168 -0.022
201909 0.387 102.268 0.455
201912 0.247 102.068 0.291
202003 0.022 102.367 0.026
202006 1.269 101.769 1.498
202009 0.846 101.072 1.005
202012 0.534 101.072 0.635
202103 0.746 102.367 0.875
202106 0.995 103.364 1.156
202109 0.409 104.859 0.468
202112 0.357 106.653 0.402
202203 -0.275 109.245 -0.302
202206 0.456 112.734 0.486
202209 1.471 113.431 1.558
202212 -0.623 115.425 -0.648
202303 0.280 117.618 0.286
202306 1.023 119.611 1.027
202309 1.781 120.708 1.772
202312 -0.495 120.110 -0.495

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.


Johnson Controls International  (NYSE:JCI) 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.


Johnson Controls International Cyclically Adjusted Price-to-FCF Related Terms

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


Johnson Controls International (Johnson Controls International) Business Description

Traded in Other Exchanges
Address
One Albert Quay, Cork, IRL, T12 X8N6
Johnson Controls manufactures, installs, and services HVAC systems, building management systems and controls, industrial refrigeration systems, and fire and security solutions. Commercial HVAC accounts for over 45% of sales, fire and security represents roughly 40% of sales, and residential HVAC, industrial refrigeration, and other solutions account for the remaining 15% of revenue. In fiscal 2023, Johnson Controls generated nearly $27 billion in revenue.
Executives
Marc Vandiepenbeeck officer: VP & Pres, EMEALA 5757 N GREEN BAY AVE, MILWAUKEE WI 53209
George Oliver officer: Pres. Tyco Safety Products 5757 N. GREEN BAY AVENUE, MILWAUKEE WI 53209
Nathan D Manning officer: VP & Pres, North America 5757 N. GREEN BAY AVENUE, MILWAUKEE WI 53209
John Donofrio officer: Exec VP & General Counsel ONE VILLAGE CENTER ROAD, VAN BUREN TOWNSHIP MI 48111
Olivier Leonetti officer: EVP and CFO-Elect 5757 N. GREEN BAY AVENUE, P.O. BOX 591, MILWAUKEE WI 53201
Heuer Brandt Julie M officer: VP, President BSNA 5757 N. GREENBAY AVENUE, MILWAUKEE WI 53209
Ayesha Khanna director 5757 N. GREEN BAY AVENUE, MILWAUKEE WI 53209
Daniel C Mcconeghy officer: VP Chief Accounting & Tax Ofcr 5757 N. GREEN BAY AVENUE, MILWAUKEE WI 53209
Michael J Ellis officer: EVP Chief Digital Officer 5757 N. GREEN BAY AVENUE, MILWAUKEE WI 53209
Lei Zhang Schlitz officer: VP & Pres, Global Products 5757 N. GREENBAY AVENUE, GLENDALE WI 53129
Tomas Brannemo officer: VP & President, BTS EMEALA JOHNSON CONTROLS, 5757 N. GREEN BAY AVENUE, GLENDALE WI 53209
Rodney Clark officer: Chief Commercial Officer 129 CONCORD ROAD, BILLERICA MA 01821
Anuruddha Rathninde officer: VP and President, APAC 5757 N. GREEN BAY AVENUE, MILWAUKEE WI 53209
Robert M Vanhimbergen officer: VP Corporate Controller ONE BATESVILLE BOULEVARD, BATESVILLE IN 47006
Visal Leng officer: VP & Pres, APAC B.Solutions 5757 N. GREEN BAY AVENUE, MILWAUKEE WI 53209