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RTX (RTX) Cyclically Adjusted Price-to-FCF : 21.44 (As of Apr. 27, 2024)


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What is RTX Cyclically Adjusted Price-to-FCF?

As of today (2024-04-27), RTX's current share price is $101.41. RTX's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was $4.73. RTX's Cyclically Adjusted Price-to-FCF for today is 21.44.

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

RTX' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 9.21   Med: 14.92   Max: 21.5
Current: 21.45

During the past years, RTX's highest Cyclically Adjusted Price-to-FCF was 21.50. The lowest was 9.21. And the median was 14.92.

RTX's Cyclically Adjusted Price-to-FCF is ranked better than
72.73% of 110 companies
in the Aerospace & Defense industry
Industry Median: 35.485 vs RTX: 21.45

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.

RTX's adjusted free cash flow per share data for the three months ended in Mar. 2024 was $-0.215. 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 $4.73 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


RTX Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for RTX'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.

RTX Cyclically Adjusted Price-to-FCF Chart

RTX 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 17.14 14.19 17.45 20.12 17.27

RTX 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 19.74 20.36 14.74 17.27 20.63

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

For the Aerospace & Defense subindustry, RTX'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.


RTX's Cyclically Adjusted Price-to-FCF Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, RTX's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



RTX 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=101.41/4.73
=21.44

* 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.

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

For example, RTX'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)
=-0.215/129.4194*129.4194
=-0.215

Current CPI (Mar. 2024) = 129.4194.

RTX Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 1.279 100.560 1.646
201409 1.613 100.428 2.079
201412 1.781 99.070 2.327
201503 0.946 99.621 1.229
201506 1.228 100.684 1.578
201509 0.478 100.392 0.616
201512 2.258 99.792 2.928
201603 -2.181 100.470 -2.809
201606 1.329 101.688 1.691
201609 1.735 101.861 2.204
201612 1.305 101.863 1.658
201703 0.707 102.862 0.890
201706 2.012 103.349 2.520
201709 -0.711 104.136 -0.884
201712 2.043 104.011 2.542
201803 0.047 105.290 0.058
201806 2.035 106.317 2.477
201809 1.532 106.507 1.862
201812 1.863 105.998 2.275
201903 1.220 107.251 1.472
201906 1.983 108.070 2.375
201909 2.265 108.329 2.706
201912 2.242 108.420 2.676
202003 0.297 108.902 0.353
202006 -0.310 108.767 -0.369
202009 0.773 109.815 0.911
202012 0.451 109.897 0.531
202103 0.197 111.754 0.228
202106 0.607 114.631 0.685
202109 0.942 115.734 1.053
202112 1.328 117.630 1.461
202203 -0.030 121.301 -0.032
202206 0.468 125.017 0.484
202209 0.093 125.227 0.096
202212 2.440 125.222 2.522
202303 -1.043 127.348 -1.060
202306 0.022 128.729 0.022
202309 1.747 129.860 1.741
202312 2.746 129.419 2.746
202403 -0.215 129.419 -0.215

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.


RTX  (NYSE:RTX) 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.


RTX Cyclically Adjusted Price-to-FCF Related Terms

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


RTX (RTX) Business Description

Industry
Address
1000 Wilson Boulevard, Arlington, VA, USA, 22209
RTX is a diversified aerospace and defense industrial company formed from the merger of United Technologies and Raytheon, with roughly equal exposure as a supplier to commercial aerospace manufacturers and to the defense market. The company operates in three segments: Collins Aerospace, a diversified aerospace supplier; Pratt & Whitney, an aircraft engine manufacturer; and Raytheon, a defense prime contractor providing a mix of missiles, missile defense systems, sensors, hardware, and communications technology to the military.
Executives
Winnefeld James A Jr director 870 WINTER STREET, WALTHAM MA 02451
Amy L Johnson officer: Corporate VP and Controller 870 WINTER STREET, WALTHAM MA 02451
Leanne G Caret director 1000 WILSON BLVD, ARLINGTON VA 22209
Shane G Eddy officer: President, P&W 870 WINTER STREET, WALTHAM MA 02451
Gregory Hayes officer: Vice President, Controller 870 WINTER STREET, WALTHAM MA 02451
Christopher T. Calio officer: Pres, Comm Engines, P&W 870 WINTER STREET, WALTHAM MA 02451
Dantaya M Williams officer: Chief Human Resources Officer 870 WINTER STREET, WALTHAM MA 02451
Michael R Dumais officer: SVP, Strategic Planning 870 WINTER STREET, WALTHAM MA 02451
Tracy A Atkinson director MFS INVESTMENT MANAGEMENT, 500 BOYLSTON ST., BOSTON MA 02116
Wesley D Kremer officer: President, RMD 870 WINTER STREET, WALTHAM MA 02451
Ramsaran Maharajh officer: EVP and General Counsel 870 WINTER STREET, WALTHAM MA 02451
Robert Kelly Ortberg officer: CEO, Collins Aerospace Systems 870 WINTER STREET, WALTHAM MA 02451
Frank R Jimenez officer: EVP and General Counsel GE HEALTHCARE TECHNOLOGIES INC., 500 W. MONROE ST., CHICAGO IL 606061
Harris Bernard A Jr director 3411 ERIN KNOLL CT, HOUSTON TX 77059
Thomas A Kennedy director, officer: Executive Chairman 870 WINTER STREET, WALTHAM MA 02451