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PTC (PTC) Cyclically Adjusted Price-to-FCF : 63.65 (As of May. 22, 2024)


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What is PTC Cyclically Adjusted Price-to-FCF?

As of today (2024-05-22), PTC's current share price is $182.67. PTC's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was $2.87. PTC's Cyclically Adjusted Price-to-FCF for today is 63.65.

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

PTC' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 21.79   Med: 49.51   Max: 83.85
Current: 64.1

During the past years, PTC's highest Cyclically Adjusted Price-to-FCF was 83.85. The lowest was 21.79. And the median was 49.51.

PTC's Cyclically Adjusted Price-to-FCF is ranked worse than
72.57% of 649 companies
in the Software industry
Industry Median: 29.5 vs PTC: 64.10

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.

PTC's adjusted free cash flow per share data for the three months ended in Mar. 2024 was $2.047. 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 $2.87 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


PTC Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for PTC'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.

PTC Cyclically Adjusted Price-to-FCF Chart

PTC 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 44.53 51.77 61.95 46.49 54.03

PTC 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 50.90 54.74 54.03 64.04 65.83

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

For the Software - Application subindustry, PTC'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.


PTC's Cyclically Adjusted Price-to-FCF Distribution in the Software Industry

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

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



PTC 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=182.67/2.87
=63.65

* 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.

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

For example, PTC'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)
=2.047/131.7762*131.7762
=2.047

Current CPI (Mar. 2024) = 131.7762.

PTC Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.834 100.560 1.093
201409 0.360 100.428 0.472
201412 0.049 99.070 0.065
201503 0.740 99.621 0.979
201506 0.692 100.684 0.906
201509 -0.196 100.392 -0.257
201512 0.500 99.792 0.660
201603 0.386 100.470 0.506
201606 0.447 101.688 0.579
201609 0.036 101.861 0.047
201612 -0.477 101.863 -0.617
201703 0.594 102.862 0.761
201706 0.600 103.349 0.765
201709 0.217 104.136 0.275
201712 0.141 104.011 0.179
201803 0.898 105.290 1.124
201806 0.355 106.317 0.440
201809 0.373 106.507 0.461
201812 -0.076 105.998 -0.094
201903 1.015 107.251 1.247
201906 0.510 108.070 0.622
201909 0.427 108.329 0.519
201912 0.024 108.420 0.029
202003 0.709 108.902 0.858
202006 0.760 108.767 0.921
202009 0.249 109.815 0.299
202012 0.938 109.897 1.125
202103 0.983 111.754 1.159
202106 0.713 114.631 0.820
202109 0.271 115.734 0.309
202112 1.129 117.630 1.265
202203 1.156 121.301 1.256
202206 0.943 125.017 0.994
202209 0.236 125.227 0.248
202212 1.446 125.222 1.522
202303 1.740 127.348 1.801
202306 1.375 128.729 1.408
202309 0.360 129.860 0.365
202312 1.520 129.419 1.548
202403 2.047 131.776 2.047

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.


PTC  (NAS:PTC) 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.


PTC Cyclically Adjusted Price-to-FCF Related Terms

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


PTC (PTC) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Software » PTC Inc (NAS:PTC) » Definitions » Cyclically Adjusted Price-to-FCF
Traded in Other Exchanges
Address
121 Seaport Boulevard, Boston, MA, USA, 02210
PTC offers high-end computer-assisted design (Creo) and product lifecycle management (Windchill) software as well as Internet of Things and AR industrial solutions. Founded in 1985, PTC has 28,000 customers, with revenue stemming mostly from North America (45%) and Europe (40%).
Executives
Robert Schechter director C/O NMS COMMUNICATIONS, 100 CROSSING BLVD, FRAMINGHAM MA 01702
Kristian Talvitie officer: Chief Financial Officer 121 SEAPORT BOULEVARD, BOSTON MA 02210
Michael Ditullio officer: EVP 121 SEAPORT BLVD, BOSTON MA 02210
Von Staats Aaron C officer: SVP, General Counsel and Clerk C/O PARAMETRIC TECHNOLOGY CORP, 140 KENDRICK ST, NEEDHAM MA 02494
Catherine Kniker officer: Chief Strategy Officer C/O 121 SEAPORT BOULEVARD, BOSTON MA 02210
Paul A Lacy director KRONOS INCORP, 297 BILLERICA RD, CHELMSFORD MA 01824
Lathan Corinna director 140 KENDRICK STREET, NEEDHAM MA 02494
Blake D. Moret director C/O ROCKWELL AUTOMATION, INC., 1201 SOUTH SECOND STREET, MILWAUKEE WI 53204
Neil Barua director, officer: CEO-Elect C/O SERVICEMAX, INC., 4450 ROSEWOOD DRIVE #200, PLEASANTON CA 94588
Janesh Moorjani director C/O ELASTIC N.V., 800 WEST EL CAMINO REAL, SUITE 350, MOUNTAIN VIEW CA 94040
Michal Katz director 42 ROCK SHELTER ROAD, WACCABUC NY 10597
James E Heppelmann officer: EVP, Chief Product Officer C/O PARAMETRIC TECHNOLOGY CORP, 140 KENDRICK ST., NEEDHAM MA 02494
Amarpreet Hanspal director AUTODESK, INC., 111 MCINNIS PARKWAY, SAN RAFAEL CA 94903
Phillip M Fernandez director C/O MARKETO, INC., 901 MARINER'S ISLAND BLVD., SUITE 500, SAN MATEO CA 94404
Mark D Benjamin director NUANCE COMMUNICATIONS, INC., 1 WAYSIDE ROAD, BURLINGTON MA 01803

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