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Mitsubishi Electric (TSE:6503) Cyclically Adjusted Price-to-FCF : 36.78 (As of May. 28, 2024)


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What is Mitsubishi Electric Cyclically Adjusted Price-to-FCF?

As of today (2024-05-28), Mitsubishi Electric's current share price is 円2816.50. Mitsubishi Electric's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was 円76.57. Mitsubishi Electric's Cyclically Adjusted Price-to-FCF for today is 36.78.

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

TSE:6503' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 17.13   Med: 24.63   Max: 37.99
Current: 36.98

During the past years, Mitsubishi Electric's highest Cyclically Adjusted Price-to-FCF was 37.99. The lowest was 17.13. And the median was 24.63.

TSE:6503's Cyclically Adjusted Price-to-FCF is ranked worse than
54.42% of 1018 companies
in the Industrial Products industry
Industry Median: 33.49 vs TSE:6503: 36.98

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.

Mitsubishi Electric's adjusted free cash flow per share data for the three months ended in Mar. 2024 was 円93.379. 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 円76.57 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Mitsubishi Electric Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Mitsubishi Electric'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.

Mitsubishi Electric Cyclically Adjusted Price-to-FCF Chart

Mitsubishi Electric Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 23.72 27.31 19.40 20.20 32.65

Mitsubishi Electric 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 20.20 27.73 25.75 27.17 32.65

Competitive Comparison of Mitsubishi Electric's Cyclically Adjusted Price-to-FCF

For the Electrical Equipment & Parts subindustry, Mitsubishi Electric'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.


Mitsubishi Electric's Cyclically Adjusted Price-to-FCF Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Mitsubishi Electric's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



Mitsubishi Electric 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=2816.50/76.57
=36.78

* 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.

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

For example, Mitsubishi Electric'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)
=93.379/107.2000*107.2000
=93.379

Current CPI (Mar. 2024) = 107.2000.

Mitsubishi Electric Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 43.055 98.000 47.097
201409 19.990 98.500 21.756
201412 -44.419 97.900 -48.639
201503 64.544 97.900 70.675
201506 28.298 98.400 30.829
201509 15.420 98.500 16.782
201512 -25.546 98.100 -27.916
201603 67.736 97.900 74.171
201606 34.905 98.100 38.143
201609 9.326 98.000 10.202
201612 -17.592 98.400 -19.165
201703 65.978 98.100 72.098
201706 36.825 98.500 40.078
201709 -23.440 98.800 -25.433
201712 -19.800 99.400 -21.354
201803 32.776 99.200 35.419
201806 25.812 99.200 27.894
201809 -5.498 99.900 -5.900
201812 -41.318 99.700 -44.426
201903 31.156 99.700 33.500
201906 35.904 99.800 38.566
201909 13.523 100.100 14.482
201912 -14.876 100.500 -15.868
202003 48.726 100.300 52.078
202006 37.118 99.900 39.830
202009 35.574 99.900 38.174
202012 9.935 99.300 10.725
202103 82.276 99.900 88.288
202106 40.862 99.500 44.024
202109 0.970 100.100 1.039
202112 -37.515 100.100 -40.176
202203 55.032 101.100 58.352
202206 7.362 101.800 7.753
202209 -22.682 103.100 -23.584
202212 -57.154 104.100 -58.856
202303 68.286 104.400 70.117
202306 20.965 105.200 21.364
202309 17.303 106.200 17.466
202312 -17.193 106.800 -17.257
202403 93.379 107.200 93.379

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.


Mitsubishi Electric  (TSE:6503) 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.


Mitsubishi Electric Cyclically Adjusted Price-to-FCF Related Terms

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


Mitsubishi Electric (TSE:6503) Business Description

Traded in Other Exchanges
Address
Tokyo Building, 2-7-3, Marunouchi, Chiyoda-ku, Tokyo, JPN, 100-8310
Mitsubishi Electric is a general electric diversified industrials company that develops, manufactures and sells electrical equipment worldwide. The company's core segments include: industrial automation systems, energy and electric systems, electric devices, information and communication systems, and home appliances (which includes commercial air conditioning). Mitsubishi Electric was founded in 1921 and is headquartered in Tokyo.

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