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Power Integrations (FRA:PWI) Cyclically Adjusted Price-to-FCF : 38.98 (As of Jun. 07, 2024)


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What is Power Integrations Cyclically Adjusted Price-to-FCF?

As of today (2024-06-07), Power Integrations's current share price is €69.00. Power Integrations's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was €1.77. Power Integrations's Cyclically Adjusted Price-to-FCF for today is 38.98.

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

FRA:PWI' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 23.76   Med: 39.33   Max: 73.22
Current: 38.76

During the past years, Power Integrations's highest Cyclically Adjusted Price-to-FCF was 73.22. The lowest was 23.76. And the median was 39.33.

FRA:PWI's Cyclically Adjusted Price-to-FCF is ranked better than
50.72% of 345 companies
in the Semiconductors industry
Industry Median: 40.14 vs FRA:PWI: 38.76

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.

Power Integrations's adjusted free cash flow per share data for the three months ended in Mar. 2024 was €0.186. 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 €1.77 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Power Integrations Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Power Integrations'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.

Power Integrations Cyclically Adjusted Price-to-FCF Chart

Power Integrations 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 38.76 61.82 56.98 36.61 42.76

Power Integrations 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 42.84 48.41 39.07 42.76 36.69

Competitive Comparison of Power Integrations's Cyclically Adjusted Price-to-FCF

For the Semiconductors subindustry, Power Integrations'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.


Power Integrations's Cyclically Adjusted Price-to-FCF Distribution in the Semiconductors Industry

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

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



Power Integrations 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=69.00/1.77
=38.98

* 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.

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

For example, Power Integrations'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)
=0.186/131.7762*131.7762
=0.186

Current CPI (Mar. 2024) = 131.7762.

Power Integrations Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.246 100.560 0.322
201409 0.291 100.428 0.382
201412 0.091 99.070 0.121
201503 0.221 99.621 0.292
201506 0.345 100.684 0.452
201509 0.179 100.392 0.235
201512 0.331 99.792 0.437
201603 0.279 100.470 0.366
201606 0.315 101.688 0.408
201609 0.347 101.861 0.449
201612 0.373 101.863 0.483
201703 -0.007 102.862 -0.009
201706 0.111 103.349 0.142
201709 0.245 104.136 0.310
201712 0.337 104.011 0.427
201803 0.116 105.290 0.145
201806 0.322 106.317 0.399
201809 0.203 106.507 0.251
201812 0.189 105.998 0.235
201903 -0.039 107.251 -0.048
201906 0.216 108.070 0.263
201909 0.240 108.329 0.292
201912 2.564 108.420 3.116
202003 0.222 108.902 0.269
202006 0.390 108.767 0.473
202009 0.029 109.815 0.035
202012 0.154 109.897 0.185
202103 0.643 111.754 0.758
202106 0.791 114.631 0.909
202109 0.661 115.734 0.753
202112 0.435 117.630 0.487
202203 0.905 121.301 0.983
202206 0.869 125.017 0.916
202209 0.777 125.227 0.818
202212 0.301 125.222 0.317
202303 0.203 127.348 0.210
202306 0.049 128.729 0.050
202309 0.311 129.860 0.316
202312 0.162 129.419 0.165
202403 0.186 131.776 0.186

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.


Power Integrations  (FRA:PWI) 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.


Power Integrations Cyclically Adjusted Price-to-FCF Related Terms

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


Power Integrations (FRA:PWI) Business Description

Industry
Traded in Other Exchanges
Address
5245 Hellyer Avenue, San Jose, CA, USA, 95138-1002
Power Integrations Inc design, develop and market analog and mixed-signal integrated circuits (ICs) and other electronic components and circuitry used in high-voltage power conversion. Products are used in power converters that convert electricity from a high-voltage source to the type of power required for a specified downstream use. Products are used in electronic products including mobile phones, computing and networking equipment, appliances, electronic utility meters, battery-powered tools, industrial controls, and home-automation, or internet of things applications such as networked thermostats, power strips and security devices. Geographically, revenue is generated in China and Hong Kong.

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