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Becton, Dickinson and Co (XSWX:BDX) Cyclically Adjusted Price-to-FCF : (As of May. 28, 2024)


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What is Becton, Dickinson and Co Cyclically Adjusted Price-to-FCF?

Note: If the price history is too short, we do not calculate current Cyclically Adjusted Price-to-FCF for this stock. All the historical data is shown as the company's primary share's data instead.

Shiller PE for Stocks: The True Measure of Stock Valuation


Becton, Dickinson and Co Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Becton, Dickinson and Co'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.

Becton, Dickinson and Co Cyclically Adjusted Price-to-FCF Chart

Becton, Dickinson and Co 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 35.44 30.37 28.24 24.71 27.69

Becton, Dickinson and Co 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 27.20 28.23 27.69 25.95 26.03

Competitive Comparison of Becton, Dickinson and Co's Cyclically Adjusted Price-to-FCF

For the Medical Instruments & Supplies subindustry, Becton, Dickinson and Co'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.


Becton, Dickinson and Co's Cyclically Adjusted Price-to-FCF Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Becton, Dickinson and Co's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Becton, Dickinson and Co's Cyclically Adjusted Price-to-FCF falls into.



Becton, Dickinson and Co 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.

Becton, Dickinson and Co's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Becton, Dickinson and Co'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)
=1.193/131.7762*131.7762
=1.193

Current CPI (Mar. 2024) = 131.7762.

Becton, Dickinson and Co Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 1.391 100.560 1.823
201409 1.253 100.428 1.644
201412 0.852 99.070 1.133
201503 0.353 99.621 0.467
201506 1.713 100.684 2.242
201509 2.211 100.392 2.902
201512 1.514 99.792 1.999
201603 1.957 100.470 2.567
201606 3.073 101.688 3.982
201609 1.851 101.861 2.395
201612 0.955 101.863 1.235
201703 2.588 102.862 3.315
201706 0.833 103.349 1.062
201709 3.575 104.136 4.524
201712 0.614 104.011 0.778
201803 1.713 105.290 2.144
201806 1.247 106.317 1.546
201809 3.506 106.507 4.338
201812 0.286 105.998 0.356
201903 2.169 107.251 2.665
201906 2.507 108.070 3.057
201909 3.641 108.329 4.429
201912 1.930 108.420 2.346
202003 0.910 108.902 1.101
202006 2.202 108.767 2.668
202009 4.075 109.815 4.890
202012 3.901 109.897 4.678
202103 2.962 111.754 3.493
202106 2.277 114.631 2.618
202109 1.596 115.734 1.817
202112 1.577 117.630 1.767
202203 0.718 121.301 0.780
202206 0.983 125.017 1.036
202209 2.227 125.227 2.343
202212 0.627 125.222 0.660
202303 0.010 127.348 0.010
202306 2.819 128.729 2.886
202309 3.267 129.860 3.315
202312 2.208 129.419 2.248
202403 1.193 131.776 1.193

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.


Becton, Dickinson and Co  (XSWX:BDX) 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.


Becton, Dickinson and Co Cyclically Adjusted Price-to-FCF Related Terms

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Becton, Dickinson and Co (XSWX:BDX) Business Description

Address
1 Becton Drive, Franklin Lakes, NJ, USA, 07417-1880
Becton, Dickinson is the world's largest manufacturer and distributor of medical surgical products, such as needles, syringes, and sharps-disposal units. The company also manufactures pre-filled devices, diagnostic instruments and reagents, as well as flow cytometry and cell-imaging systems. BD Medical is nearly half of the total business, while BD Life Sciences (26% of estimated 2023 revenue) and BD Interventional (25%) account for the remainder. International revenue accounts for 43% of the company's business.

Becton, Dickinson and Co (XSWX:BDX) Headlines