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Northrop Grumman (LTS:0K92) Cyclically Adjusted Price-to-FCF : 29.95 (As of Jun. 06, 2024)


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What is Northrop Grumman Cyclically Adjusted Price-to-FCF?

As of today (2024-06-06), Northrop Grumman's current share price is $442.05. Northrop Grumman's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was $14.76. Northrop Grumman's Cyclically Adjusted Price-to-FCF for today is 29.95.

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

LTS:0K92' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 13.83   Med: 29.79   Max: 41.87
Current: 29.96

During the past years, Northrop Grumman's highest Cyclically Adjusted Price-to-FCF was 41.87. The lowest was 13.83. And the median was 29.79.

LTS:0K92's Cyclically Adjusted Price-to-FCF is ranked better than
57.94% of 107 companies
in the Aerospace & Defense industry
Industry Median: 35.49 vs LTS:0K92: 29.96

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.

Northrop Grumman's adjusted free cash flow per share data for the three months ended in Mar. 2024 was $-6.537. 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 $14.76 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Northrop Grumman Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Northrop Grumman'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.

Northrop Grumman Cyclically Adjusted Price-to-FCF Chart

Northrop Grumman 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 31.28 25.11 28.48 38.36 31.48

Northrop Grumman 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 33.40 32.04 30.49 31.48 32.42

Competitive Comparison of Northrop Grumman's Cyclically Adjusted Price-to-FCF

For the Aerospace & Defense subindustry, Northrop Grumman'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.


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

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

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



Northrop Grumman 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=442.05/14.76
=29.95

* 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.

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

For example, Northrop Grumman'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)
=-6.537/131.7762*131.7762
=-6.537

Current CPI (Mar. 2024) = 131.7762.

Northrop Grumman Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 2.119 100.560 2.777
201409 3.939 100.428 5.169
201412 5.951 99.070 7.916
201503 -3.845 99.621 -5.086
201506 2.638 100.684 3.453
201509 2.422 100.392 3.179
201512 8.113 99.792 10.713
201603 -1.952 100.470 -2.560
201606 2.375 101.688 3.078
201609 3.346 101.861 4.329
201612 6.868 101.863 8.885
201703 -3.719 102.862 -4.764
201706 1.652 103.349 2.106
201709 4.113 104.136 5.205
201712 7.568 104.011 9.588
201803 -3.090 105.290 -3.867
201806 3.854 106.317 4.777
201809 3.030 106.507 3.749
201812 11.076 105.998 13.770
201903 -7.012 107.251 -8.615
201906 7.957 108.070 9.702
201909 5.191 108.329 6.315
201912 11.786 108.420 14.325
202003 -7.512 108.902 -9.090
202006 12.361 108.767 14.976
202009 6.408 109.815 7.690
202012 6.037 109.897 7.239
202103 -1.657 111.754 -1.954
202106 4.941 114.631 5.680
202109 5.711 115.734 6.503
202112 4.482 117.630 5.021
202203 -4.674 121.301 -5.078
202206 -2.949 125.017 -3.108
202209 6.690 125.227 7.040
202212 10.465 125.222 11.013
202303 -6.599 127.348 -6.828
202306 4.041 128.729 4.137
202309 5.728 129.860 5.813
202312 10.789 129.419 10.985
202403 -6.537 131.776 -6.537

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.


Northrop Grumman  (LTS:0K92) 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.


Northrop Grumman Cyclically Adjusted Price-to-FCF Related Terms

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


Northrop Grumman (LTS:0K92) Business Description

Address
2980 Fairview Park Drive, Falls Church, VA, USA, 22042
Northrop Grumman is a diversified defense contractor providing aeronautics, defense, mission, and space systems. The company's aerospace segment creates the fuselage for the massive F-35 program and produces autonomous and piloted aircraft such as Global Hawk drones and the new B-21 bomber. Defense systems makes artillery and missile ammunition and guidance systems, missile defense systems, and conducts maintenance and upgrades on numerous military aircraft. Mission systems creates and integrates a variety of radar, navigation, and communication systems for avionics, weapons control, and countermeasures on a range of platforms from helicopters to destroyers. Finally, space systems produces satellites, sensors, space structures, and manufactures long-range missiles and rocket motors.

Northrop Grumman (LTS:0K92) Headlines

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