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Steelcase (Steelcase) Cyclically Adjusted Price-to-FCF : 15.09 (As of Apr. 27, 2024)


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What is Steelcase Cyclically Adjusted Price-to-FCF?

As of today (2024-04-27), Steelcase's current share price is $12.07. Steelcase's Cyclically Adjusted FCF per Share for the quarter that ended in Feb. 2024 was $0.80. Steelcase's Cyclically Adjusted Price-to-FCF for today is 15.09.

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

SCS' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 9.41   Med: 22.88   Max: 35.98
Current: 14.84

During the past years, Steelcase's highest Cyclically Adjusted Price-to-FCF was 35.98. The lowest was 9.41. And the median was 22.88.

SCS's Cyclically Adjusted Price-to-FCF is ranked better than
80.02% of 1016 companies
in the Industrial Products industry
Industry Median: 32.505 vs SCS: 14.84

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.

Steelcase's adjusted free cash flow per share data for the three months ended in Feb. 2024 was $0.417. 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 $0.80 for the trailing ten years ended in Feb. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Steelcase Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Steelcase'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.

Steelcase Cyclically Adjusted Price-to-FCF Chart

Steelcase Annual Data
Trend Feb15 Feb16 Feb17 Feb18 Feb19 Feb20 Feb21 Feb22 Feb23 Feb24
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 19.71 16.81 17.13 11.88 17.10

Steelcase Quarterly Data
May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24
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 11.88 8.90 11.54 15.16 17.10

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

For the Business Equipment & Supplies subindustry, Steelcase'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.


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

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

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



Steelcase 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=12.07/0.8
=15.09

* 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.

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

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

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Feb. 2024 (Change)*Current CPI (Feb. 2024)
=0.417/129.4194*129.4194
=0.417

Current CPI (Feb. 2024) = 129.4194.

Steelcase Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201405 -0.711 100.373 -0.917
201408 0.226 100.352 0.291
201411 -0.008 99.635 -0.010
201502 0.391 99.032 0.511
201505 -0.488 100.333 -0.629
201508 0.538 100.548 0.692
201511 0.439 100.135 0.567
201602 0.269 100.040 0.348
201605 -0.666 101.355 -0.850
201608 0.615 101.617 0.783
201611 0.594 101.829 0.755
201702 0.390 102.779 0.491
201705 -0.569 103.256 -0.713
201708 0.451 103.587 0.563
201711 0.440 104.072 0.547
201802 0.878 105.052 1.082
201805 -1.145 106.148 -1.396
201808 0.460 106.383 0.560
201811 0.591 106.338 0.719
201902 0.514 106.649 0.624
201905 -0.728 108.048 -0.872
201908 0.816 108.245 0.976
201911 1.353 108.519 1.614
202002 0.996 109.139 1.181
202005 -0.893 108.175 -1.068
202008 1.101 109.662 1.299
202011 -0.189 109.793 -0.223
202102 0.160 110.968 0.187
202105 -0.709 113.576 -0.808
202108 -0.096 115.421 -0.108
202111 -0.097 117.269 -0.107
202202 -0.522 119.703 -0.564
202205 -0.610 123.323 -0.640
202208 -0.294 124.958 -0.304
202211 0.547 125.607 0.564
202302 0.632 126.928 0.644
202305 -0.003 128.314 -0.003
202308 0.901 129.538 0.900
202311 0.933 129.548 0.932
202402 0.417 129.419 0.417

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.


Steelcase  (NYSE:SCS) 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.


Steelcase Cyclically Adjusted Price-to-FCF Related Terms

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


Steelcase (Steelcase) Business Description

Industry
Traded in Other Exchanges
Address
901 44th Street SE, Grand Rapids, MI, USA, 49508
Steelcase Inc is a furniture company primarily based in the United States and has operations in Europe, the Middle East, and Africa. Steelcase markets its products primarily through a network of independent and company-owned dealers. The company operates through the Americas segment, the EMEA segment and the Other category. The Americas segment offers architecture, furniture and technology products is marketed to corporate, government, healthcare, education and retail customers, EMEA segment provides furniture systems, storage and seating solutions. Majority of revenue is generated from Americas segment.
Executives
Nicole Cherie Mcgrath officer: VP, Corp Controller and CAO 901 44TH STREET SE, GRAND RAPIDS MI 49508
Robert G Krestakos officer: VP, Global Operations 901 44TH STREET SE, GRAND RAPIDS MI 49508
David C Sylvester officer: Senior Vice President, CFO 901 44TH STREET SE, GRAND RAPIDS MI 49508
Lizbeth S O'shaughnessy officer: Senior VP, CLO and Secretary 901 44TH STREET SE, GRAND RAPIDS MI 49508
Wege Peter M Ii director 901 44TH ST SE, GRAND RAPIDS MI 49508
Sanjay Gupta director 2775 SANDERS ROAD, NORTHBROOK IL 60062
Sara E Armbruster officer: VP, WS Futures & Corp Strategy 901 44TH STREET SE, GRAND RAPIDS MI 49508
Jennifer C Niemann director 901 44TH STREET SE, GRAND RAPIDS MI 49508
Steven Douglas Miller officer: VP, Chief Technology Officer 901 44TH STREET SE, GRAND RAPIDS MI 49508
Guillaume M Alvarez officer: Senior VP, EMEA 901 44TH STREET SE, GRAND RAPIDS MI 49508
Kate P Wolters director 901 44TH ST, GRAND RAPIDS MI 49508
Robin L Zondervan officer: Corporate Controller and CAO 901 44TH STREET SE, GRAND RAPIDS MI 49508
Eddy F Schmitt officer: Senior VP, Americas 901 44TH STREET SE, GRAND RAPIDS MI 49508
Linda K Williams director 901 44TH STREET SE, GRAND RAPIDS MI 49508
Donna K Flynn officer: VP, Global Talent Management 901 44TH STREET SE, GRAND RAPIDS MI 49508