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Texas Instruments (Texas Instruments) Cyclically Adjusted Price-to-FCF : 31.25 (As of Apr. 27, 2024)


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What is Texas Instruments Cyclically Adjusted Price-to-FCF?

As of today (2024-04-27), Texas Instruments's current share price is $177.48. Texas Instruments's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was $5.68. Texas Instruments's Cyclically Adjusted Price-to-FCF for today is 31.25.

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

TXN' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 18.74   Med: 28.58   Max: 42.97
Current: 30.83

During the past years, Texas Instruments's highest Cyclically Adjusted Price-to-FCF was 42.97. The lowest was 18.74. And the median was 28.58.

TXN's Cyclically Adjusted Price-to-FCF is ranked better than
55.13% of 341 companies
in the Semiconductors industry
Industry Median: 35.23 vs TXN: 30.83

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.

Texas Instruments's adjusted free cash flow per share data for the three months ended in Mar. 2024 was $-0.252. 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 $5.68 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Texas Instruments Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Texas Instruments'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.

Texas Instruments Cyclically Adjusted Price-to-FCF Chart

Texas Instruments 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 32.12 37.46 36.81 28.65 29.62

Texas Instruments 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 31.79 30.81 27.32 29.62 30.65

Competitive Comparison of Texas Instruments's Cyclically Adjusted Price-to-FCF

For the Semiconductors subindustry, Texas Instruments'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.


Texas Instruments's Cyclically Adjusted Price-to-FCF Distribution in the Semiconductors Industry

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

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



Texas Instruments 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=177.48/5.68
=31.25

* 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.

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

For example, Texas Instruments'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)
=-0.252/129.4194*129.4194
=-0.252

Current CPI (Mar. 2024) = 129.4194.

Texas Instruments Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.640 100.560 0.824
201409 1.192 100.428 1.536
201412 1.229 99.070 1.606
201503 0.458 99.621 0.595
201506 0.661 100.684 0.850
201509 1.227 100.392 1.582
201512 1.361 99.792 1.765
201603 0.518 100.470 0.667
201606 0.932 101.688 1.186
201609 1.296 101.861 1.647
201612 1.254 101.863 1.593
201703 0.656 102.862 0.825
201706 0.755 103.349 0.945
201709 1.524 104.136 1.894
201712 1.688 104.011 2.100
201803 0.918 105.290 1.128
201806 1.582 106.317 1.926
201809 1.755 106.507 2.133
201812 1.880 105.998 2.295
201903 0.895 107.251 1.080
201906 1.587 108.070 1.901
201909 1.940 108.329 2.318
201912 1.677 108.420 2.002
202003 0.732 108.902 0.870
202006 1.715 108.767 2.041
202009 1.396 109.815 1.645
202012 2.050 109.897 2.414
202103 1.649 111.754 1.910
202106 1.852 114.631 2.091
202109 2.075 115.734 2.320
202112 1.149 117.630 1.264
202203 1.821 121.301 1.943
202206 1.259 125.017 1.303
202209 2.141 125.227 2.213
202212 1.172 125.222 1.211
202303 0.194 127.348 0.197
202306 -0.051 128.729 -0.051
202309 0.483 129.860 0.481
202312 0.847 129.419 0.847
202403 -0.252 129.419 -0.252

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.


Texas Instruments  (NAS:TXN) 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.


Texas Instruments Cyclically Adjusted Price-to-FCF Related Terms

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


Texas Instruments (Texas Instruments) Business Description

Industry
Address
12500 TI Boulevard, Dallas, TX, USA, 75243
Dallas-based Texas Instruments generates over 95% of its revenue from semiconductors and the remainder from its well-known calculators. Texas Instruments is the world's largest maker of analog chips, which are used to process real-world signals such as sound and power. Texas Instruments also has a leading market share position in processors and microcontrollers used in a wide variety of electronics applications.
Executives
Ronald Kirk director TEXAS INSTRUMENTS INCORPORATED, 12500 TI BOULEVARD MS 3999, DALLAS TX 75243
Carrie Smith Cox director SCHERING-PLOUGH CORPORATION, 2000 GALLOPING HILL ROAD, KENILWORTH NJ 07033
Pamela H Patsley director 53 SOUTH AVENUE, BULINGTON MA 01803
Curtis C Farmer director 1717 MAIN STREET, MC 6404, DALLAS TX 75201
Ahmad Bahai officer: Sr. Vice President 2900 SEMICONDUCTOR DRIVE, M/S G1-1160, SANTA CLARA CA 95051
Mark A Blinn director 5215 N. O'CONNOR BLVD., SUITE 2300, IRVING TX 75039
Janet F Clark director
Mark T. Roberts officer: Sr. Vice President 12500 TI BOULEVARD, DALLAS TX 75243
Kyle M Flessner officer: Sr. Vice President 12500 TI BOULEVARD, DALLAS TX 75243
Mark Gary officer: Sr. Vice President 12500 TI BOULEVARD, DALLAS TX 75243
Robert E Sanchez director 11690 N.W. 105TH STREET, MIAMI FL 33178
Hagop H Kozanian officer: Sr. Vice President 12500 TI BOULEVARD, DALLAS TX 75243
Shanon J Leonard officer: Sr. Vice President 12500 TI BOULEVARD, DALLAS TX 75243
Amichai Ron officer: Sr. Vice President 12500 TI BOULEVARD, DALLAS TX 75243
Richard K Templeton director, officer: President & CEO 12500 TI BOULEVARD, DALLAS TX 75243

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