The visible spectrum is the portion of the electromagnetic spectrum that is visible to the human eye. Electromagnetic radiation in this range of wavelengths is called visible light or simply light. A typical human eye will respond to wavelengths from about 390 to 700 nm. In terms of frequency, this corresponds to a band in the vicinity of 430â770 THz.
P/FCF = Market capitalization / Free Cash Flow. The Price-to-Free Cash Flow (P/FCF) ratio a popular valuation ratio among value investors. It is similar to the P/E ratio but free cash flow is just operating cash flow minus capital expenditures.
By Investopedia AAA |. A: The calculation used to determine free cash flow is net income plus amortization and depreciation minus change in working capital minus capital expenditures. Operating cash flow is calculated in the same way, omitting capital expenditures.Free cash flow is most commonly defined as operating cash flow minus capital expenditures. A more stringent definition includes dividend outlays as a capital expenditure.Capital expenditures are considered necessary to maintain a company's competitive position and operating efficiency.ompanies with higher operating cash flow, free cash flow and earnings tend to have higher appreciation in the value of their shares. Some analysts also study free cash flow, operating cash flow and earnings on a per share basis.