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GE Aerospace (XSWX:GE) Cyclically Adjusted Price-to-FCF : 37.53 (As of May. 02, 2024)


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What is GE Aerospace Cyclically Adjusted Price-to-FCF?

As of today (2024-05-02), GE Aerospace's current share price is CHF146.00. GE Aerospace's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was CHF3.89. GE Aerospace's Cyclically Adjusted Price-to-FCF for today is 37.53.

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

XSWX:GE' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 2.88   Med: 7.04   Max: 37.58
Current: 36.98

During the past years, GE Aerospace's highest Cyclically Adjusted Price-to-FCF was 37.58. The lowest was 2.88. And the median was 7.04.

XSWX:GE's Cyclically Adjusted Price-to-FCF is ranked worse than
52.78% of 108 companies
in the Aerospace & Defense industry
Industry Median: 34.635 vs XSWX:GE: 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.

GE Aerospace's adjusted free cash flow per share data for the three months ended in Mar. 2024 was CHF0.460. 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 CHF3.89 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


GE Aerospace Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for GE Aerospace'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.

GE Aerospace Cyclically Adjusted Price-to-FCF Chart

GE Aerospace 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 5.54 6.74 8.63 8.56 22.97

GE Aerospace 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 12.60 15.24 15.49 22.97 32.41

Competitive Comparison of GE Aerospace's Cyclically Adjusted Price-to-FCF

For the Aerospace & Defense subindustry, GE Aerospace'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.


GE Aerospace's Cyclically Adjusted Price-to-FCF Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, GE Aerospace's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



GE Aerospace 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=146.00/3.89
=37.53

* 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.

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

For example, GE Aerospace'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)
=0.46/129.4194*129.4194
=0.460

Current CPI (Mar. 2024) = 129.4194.

GE Aerospace Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 3.485 100.560 4.485
201409 3.519 100.428 4.535
201412 7.169 99.070 9.365
201503 3.577 99.621 4.647
201506 3.353 100.684 4.310
201509 6.377 100.392 8.221
201512 2.812 99.792 3.647
201603 -0.763 100.470 -0.983
201606 -4.200 101.688 -5.345
201609 -6.029 101.861 -7.660
201612 0.177 101.863 0.225
201703 -1.529 102.862 -1.924
201706 0.134 103.349 0.168
201709 -0.940 104.136 -1.168
201712 1.869 104.011 2.326
201803 -1.374 105.290 -1.689
201806 -2.316 106.317 -2.819
201809 -3.552 106.507 -4.316
201812 5.606 105.998 6.845
201903 -1.231 107.251 -1.485
201906 -1.407 108.070 -1.685
201909 0.495 108.329 0.591
201912 7.714 108.420 9.208
202003 -0.699 108.902 -0.831
202006 -1.477 108.767 -1.757
202009 0.842 109.815 0.992
202012 2.690 109.897 3.168
202103 -1.959 111.754 -2.269
202106 0.187 114.631 0.211
202109 1.684 115.734 1.883
202112 2.042 117.630 2.247
202203 -0.690 121.301 -0.736
202206 0.231 125.017 0.239
202209 1.041 125.227 1.076
202212 3.517 125.222 3.635
202303 -0.470 127.348 -0.478
202306 0.089 128.729 0.089
202309 1.163 129.860 1.159
202312 2.049 129.419 2.049
202403 0.460 129.419 0.460

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.


GE Aerospace  (XSWX:GE) 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.


GE Aerospace Cyclically Adjusted Price-to-FCF Related Terms

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


GE Aerospace (XSWX:GE) Business Description

Industry
Address
5 Necco Street, Boston, MA, USA, 02210
GE was formed through the combination of two companies in 1892, including one with historical ties to American inventor Thomas Edison. Today, GE is a global leader in air travel and in the energy transition. The company is known for its differentiated technology and its massive industrial installed base of equipment sprawled throughout the world. That installed base most notably includes aerospace engines, gas and steam turbines, and onshore and offshore wind turbines. GE earns most of its profits on the service revenue of that equipment, which is generally higher-margin. The company is led by Danaher alumnus Larry Culp, who is leading a multiyear turnaround of the conglomerate based on lean principles.