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International Game Technology (International Game Technology) Cyclically Adjusted Price-to-FCF : 9.19 (As of Apr. 27, 2024)


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What is International Game Technology Cyclically Adjusted Price-to-FCF?

As of today (2024-04-27), International Game Technology's current share price is $20.30. International Game Technology's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was $2.21. International Game Technology's Cyclically Adjusted Price-to-FCF for today is 9.19.

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

IGT' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 3.36   Med: 11.36   Max: 18.43
Current: 9.17

During the past years, International Game Technology's highest Cyclically Adjusted Price-to-FCF was 18.43. The lowest was 3.36. And the median was 11.36.

IGT's Cyclically Adjusted Price-to-FCF is ranked better than
77.62% of 344 companies
in the Travel & Leisure industry
Industry Median: 21.485 vs IGT: 9.17

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.

International Game Technology's adjusted free cash flow per share data for the three months ended in Dec. 2023 was $1.471. 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 $2.21 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


International Game Technology Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for International Game Technology'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.

International Game Technology Cyclically Adjusted Price-to-FCF Chart

International Game Technology 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 11.07 8.30 14.22 11.28 12.41

International Game Technology 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 11.28 12.50 15.90 15.06 12.41

Competitive Comparison of International Game Technology's Cyclically Adjusted Price-to-FCF

For the Gambling subindustry, International Game Technology'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.


International Game Technology's Cyclically Adjusted Price-to-FCF Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, International Game Technology's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



International Game Technology 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.

International Game Technology's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=20.30/2.21
=9.19

* 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.

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

For example, International Game Technology'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)
=1.471/130.0000*130.0000
=1.471

Current CPI (Dec. 2023) = 130.0000.

International Game Technology Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 0.932 99.300 1.220
201406 0.865 99.800 1.127
201409 0.863 100.000 1.122
201412 1.531 99.900 1.992
201503 -0.103 99.600 -0.134
201506 0.344 100.100 0.447
201509 0.658 100.200 0.854
201512 1.054 100.400 1.365
201603 0.538 100.400 0.697
201606 0.974 101.000 1.254
201609 -0.271 101.500 -0.347
201612 -2.210 102.200 -2.811
201703 0.600 102.700 0.759
201706 -0.829 103.500 -1.041
201709 -0.534 104.300 -0.666
201712 0.593 105.000 0.734
201803 -0.282 105.100 -0.349
201806 -0.398 105.900 -0.489
201809 0.068 106.600 0.083
201812 -1.555 107.100 -1.887
201903 0.134 107.000 0.163
201906 1.630 107.900 1.964
201909 0.466 108.400 0.559
201912 1.272 108.500 1.524
202003 0.352 108.600 0.421
202006 0.557 108.800 0.666
202009 1.074 109.200 1.279
202012 1.001 109.400 1.189
202103 0.809 109.700 0.959
202106 0.883 111.400 1.030
202109 0.319 112.400 0.369
202112 1.569 114.700 1.778
202203 0.565 116.500 0.630
202206 0.577 120.500 0.622
202209 0.803 122.300 0.854
202212 0.935 125.300 0.970
202303 1.076 126.800 1.103
202306 -0.321 129.400 -0.322
202309 0.926 130.100 0.925
202312 1.471 130.000 1.471

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.


International Game Technology  (NYSE:IGT) 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.


International Game Technology Cyclically Adjusted Price-to-FCF Related Terms

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


International Game Technology (International Game Technology) Business Description

Traded in Other Exchanges
Address
10 Finsbury Square, Third Floor, London, GBR, EC2A 1AF
International Game Technology PLC is a gaming company that delivers entertaining and responsible gaming experiences for players across all channels. The company's operating segments include Global Lottery, Global Gaming, and Digital & Betting.. It generates maximum revenue from the Global Lottery segment. Global Lottery segment provides lottery products and services to governmental organizations through operating contracts, facilities management contracts, lottery management agreements, and product sales contracts. Geographically, it derives a majority of revenue from the United States.