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Apple (XKAZ:AAPL_KZ) Cyclically Adjusted Price-to-FCF : 41.14 (As of Apr. 27, 2024)


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What is Apple Cyclically Adjusted Price-to-FCF?

As of today (2024-04-27), Apple's current share price is ₸69360.00. Apple's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was ₸1,686.00. Apple's Cyclically Adjusted Price-to-FCF for today is 41.14.

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

XKAZ:AAPL_KZ' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 17.54   Med: 29.15   Max: 55.56
Current: 36.34

During the past years, Apple's highest Cyclically Adjusted Price-to-FCF was 55.56. The lowest was 17.54. And the median was 29.15.

XKAZ:AAPL_KZ's Cyclically Adjusted Price-to-FCF is ranked worse than
59.01% of 954 companies
in the Hardware industry
Industry Median: 27.985 vs XKAZ:AAPL_KZ: 36.34

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.

Apple's adjusted free cash flow per share data for the three months ended in Dec. 2023 was ₸1,110.092. 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 ₸1,686.00 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Apple Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Apple'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.

Apple Cyclically Adjusted Price-to-FCF Chart

Apple 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 24.50 43.51 43.80 34.59 37.57

Apple 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 31.83 38.68 43.75 37.57 41.18

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

For the Consumer Electronics subindustry, Apple'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.


Apple's Cyclically Adjusted Price-to-FCF Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Apple's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Apple 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=69360.00/1686
=41.14

* 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.

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

For example, Apple'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)
=1110.092/129.4194*129.4194
=1,110.092

Current CPI (Dec. 2023) = 129.4194.

Apple Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 87.918 99.695 114.132
201406 58.618 100.560 75.441
201409 70.618 100.428 91.004
201412 233.096 99.070 304.504
201503 130.118 99.621 169.038
201506 102.572 100.684 131.846
201509 116.219 100.392 149.823
201512 352.497 99.792 457.149
201603 138.359 100.470 178.225
201606 118.358 101.688 150.635
201609 205.274 101.861 260.811
201612 370.910 101.863 471.251
201703 144.478 102.862 181.780
201706 97.226 103.349 121.752
201709 193.870 104.136 240.941
201712 407.384 104.011 506.902
201803 173.529 105.290 213.298
201806 188.246 106.317 229.152
201809 308.956 106.507 375.421
201812 456.079 105.998 556.855
201903 176.410 107.251 212.874
201906 200.233 108.070 239.790
201909 368.083 108.329 439.743
201912 611.535 108.420 729.980
202003 245.287 108.902 291.501
202006 344.088 108.767 409.421
202009 455.487 109.815 536.802
202012 876.790 109.897 1,032.547
202103 536.376 111.754 621.161
202106 484.136 114.631 546.592
202109 434.654 115.734 486.050
202112 1,165.825 117.630 1,282.675
202203 761.840 121.301 812.828
202206 547.652 125.017 566.938
202209 608.639 125.227 629.018
202212 885.761 125.222 915.453
202303 712.793 127.348 724.388
202306 690.289 128.729 693.993
202309 567.113 129.860 565.191
202312 1,110.092 129.419 1,110.092

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.


Apple  (XKAZ:AAPL_KZ) 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.


Apple Cyclically Adjusted Price-to-FCF Related Terms

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


Apple (XKAZ:AAPL_KZ) Business Description

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Apple is among the largest companies in the world, with a broad portfolio of hardware and software products targeted at consumers and businesses. Apple's iPhone makes up a majority of the firm sales, and Apple's other products like Mac, iPad, and Watch are designed around the iPhone as the focal point of an expansive software ecosystem. Apple has progressively worked to add new applications, like streaming video, subscription bundles, and augmented reality. The firm designs its own software and semiconductors while working with subcontractors like Foxconn and TSMC to build its products and chips. Slightly less than half of Apple's sales come directly through its flagship stores, with a majority of sales coming indirectly through partnerships and distribution.

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