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Canon (TSE:7751) Cyclically Adjusted Price-to-FCF : 18.99 (As of May. 26, 2024)


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What is Canon Cyclically Adjusted Price-to-FCF?

As of today (2024-05-26), Canon's current share price is 円4443.00. Canon's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was 円233.97. Canon's Cyclically Adjusted Price-to-FCF for today is 18.99.

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

TSE:7751' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 7.26   Med: 13.9   Max: 19.65
Current: 18.99

During the past years, Canon's highest Cyclically Adjusted Price-to-FCF was 19.65. The lowest was 7.26. And the median was 13.90.

TSE:7751's Cyclically Adjusted Price-to-FCF is ranked better than
68.92% of 933 companies
in the Hardware industry
Industry Median: 30.71 vs TSE:7751: 18.99

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.

Canon's adjusted free cash flow per share data for the three months ended in Dec. 2023 was 円109.278. 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233.97 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Canon Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Canon'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.

Canon Cyclically Adjusted Price-to-FCF Chart

Canon 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 12.04 9.20 12.58 12.28 15.47

Canon Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 12.28 12.48 16.35 15.49 15.47

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

For the Computer Hardware subindustry, Canon'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.


Canon's Cyclically Adjusted Price-to-FCF Distribution in the Hardware Industry

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

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



Canon 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=4443.00/233.97
=18.99

* 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.

Canon's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, Canon's adjusted Free Cash Flow per Share data for the three months ended in Dec. 2023 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=109.278/106.8000*106.8000
=109.278

Current CPI (Dec. 2023) = 106.8000.

Canon Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 66.191 95.700 73.868
201406 96.129 98.000 104.761
201409 50.678 98.500 54.948
201412 116.240 97.900 126.807
201503 39.478 97.900 43.067
201506 58.696 98.400 63.707
201509 44.276 98.500 48.007
201512 60.630 98.100 66.007
201603 57.146 97.900 62.341
201606 71.515 98.100 77.857
201609 37.094 98.000 40.425
201612 102.829 98.400 111.607
201703 113.360 98.100 123.413
201706 83.081 98.500 90.082
201709 55.157 98.800 59.623
201712 117.785 99.400 126.554
201803 -5.214 99.200 -5.613
201806 69.596 99.200 74.928
201809 -7.142 99.900 -7.635
201812 103.800 99.700 111.192
201903 10.836 99.700 11.608
201906 -3.176 99.800 -3.399
201909 32.213 100.100 34.369
201912 94.135 100.500 100.036
202003 18.010 100.300 19.177
202006 38.200 99.900 40.838
202009 13.770 99.900 14.721
202012 91.411 99.300 98.315
202103 84.206 99.900 90.022
202106 98.091 99.500 105.288
202109 34.621 100.100 36.938
202112 44.747 100.100 47.742
202203 -30.635 101.100 -32.362
202206 70.256 101.800 73.707
202209 14.950 103.100 15.487
202212 17.543 104.100 17.998
202303 29.826 104.400 30.512
202306 32.749 105.200 33.247
202309 49.954 106.200 50.236
202312 109.278 106.800 109.278

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.


Canon  (TSE:7751) 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.


Canon Cyclically Adjusted Price-to-FCF Related Terms

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


Canon (TSE:7751) Business Description

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Canon Inc designs, manufactures and distributes an extensive range of consumer and electronic products, including copiers, cameras, lenses, and inkjet printers. The company operates four major business segments: printing, imaging, medical, industrial, and others. It generates maximum revenue from the printing segment. Printing Business Unit includes Office multifunction devices (MFDs), Document solutions, Laser multifunction printers (MFPs), Laser printers, Inkjet printers, Image scanners, Calculators, Digital continuous feed presses, Digital sheet-fed presses, and Large format printers.

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