GURUFOCUS.COM » STOCK LIST » Technology » Software » Radware Ltd (NAS:RDWR) » Definitions » Cyclically Adjusted Price-to-FCF

Radware (Radware) Cyclically Adjusted Price-to-FCF : 24.73 (As of May. 24, 2024)


View and export this data going back to 1999. Start your Free Trial

What is Radware Cyclically Adjusted Price-to-FCF?

As of today (2024-05-24), Radware's current share price is $20.28. Radware's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was $0.82. Radware's Cyclically Adjusted Price-to-FCF for today is 24.73.

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

RDWR' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 18.61   Med: 30.54   Max: 47.63
Current: 24.53

During the past years, Radware's highest Cyclically Adjusted Price-to-FCF was 47.63. The lowest was 18.61. And the median was 30.54.

RDWR's Cyclically Adjusted Price-to-FCF is ranked better than
57.16% of 656 companies
in the Software industry
Industry Median: 29.52 vs RDWR: 24.53

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.

Radware's adjusted free cash flow per share data for the three months ended in Mar. 2024 was $0.463. 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 $0.82 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Radware Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Radware'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.

Radware Cyclically Adjusted Price-to-FCF Chart

Radware 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 34.70 33.79 43.56 22.64 21.43

Radware 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 25.28 22.95 21.19 21.43 22.80

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

For the Software - Infrastructure subindustry, Radware'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.


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

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

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



Radware 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=20.28/0.82
=24.73

* 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.

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

For example, Radware'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)
=0.463/131.7762*131.7762
=0.463

Current CPI (Mar. 2024) = 131.7762.

Radware Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.000 100.560 0.000
201409 0.000 100.428 0.000
201412 0.000 99.070 0.000
201503 0.185 99.621 0.245
201506 0.213 100.684 0.279
201509 -0.134 100.392 -0.176
201512 0.278 99.792 0.367
201603 0.139 100.470 0.182
201606 0.112 101.688 0.145
201609 -0.088 101.861 -0.114
201612 0.504 101.863 0.652
201703 0.102 102.862 0.131
201706 0.203 103.349 0.259
201709 0.105 104.136 0.133
201712 0.145 104.011 0.184
201803 0.225 105.290 0.282
201806 0.029 106.317 0.036
201809 0.149 106.507 0.184
201812 0.464 105.998 0.577
201903 0.462 107.251 0.568
201906 0.056 108.070 0.068
201909 0.381 108.329 0.463
201912 0.041 108.420 0.050
202003 0.384 108.902 0.465
202006 0.324 108.767 0.393
202009 0.108 109.815 0.130
202012 0.339 109.897 0.406
202103 0.312 111.754 0.368
202106 0.162 114.631 0.186
202109 0.345 115.734 0.393
202112 0.572 117.630 0.641
202203 -0.904 121.301 -0.982
202206 0.637 125.017 0.671
202209 -0.023 125.227 -0.024
202212 0.175 125.222 0.184
202303 -0.068 127.348 -0.070
202306 0.075 128.729 0.077
202309 -0.258 129.860 -0.262
202312 0.041 129.419 0.042
202403 0.463 131.776 0.463

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.


Radware  (NAS:RDWR) 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.


Radware Cyclically Adjusted Price-to-FCF Related Terms

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


Radware (Radware) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Software » Radware Ltd (NAS:RDWR) » Definitions » Cyclically Adjusted Price-to-FCF
Traded in Other Exchanges
N/A
Address
22 Raoul Wallenberg Street, Tel Aviv, ISR, 6971917
Radware Ltd develops and sells a broad portfolio of network products including physical and virtual application delivery controllers, web application firewalls, intrusion prevention systems, and other security products geared toward large enterprise and service provider segments. It offers an infrastructure that supports our DDoS scrubbing center services, WAF and bot management cloud-based services. In addition, It provides other services through the cloud, such as Cloud Workload Protect and Content Delivery Network.