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Banc of California (Banc of California) Cyclically Adjusted Price-to-FCF : (As of Apr. 30, 2024)


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What is Banc of California Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Banc of California Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Banc of California'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.

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Banc of California Cyclically Adjusted Price-to-FCF Chart

Banc of California Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
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Banc of California Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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Competitive Comparison of Banc of California's Cyclically Adjusted Price-to-FCF

For the Banks - Regional subindustry, Banc of California'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.


Banc of California's Cyclically Adjusted Price-to-FCF Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Banc of California's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Banc of California's Cyclically Adjusted Price-to-FCF falls into.



Banc of California 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.

Banc of California's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, Banc of California'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)
=0.205/129.4194*129.4194
=0.205

Current CPI (Dec. 2023) = 129.4194.

Banc of California Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 -13.406 99.695 -17.403
201406 -7.546 100.560 -9.712
201409 -2.520 100.428 -3.247
201412 -2.702 99.070 -3.530
201503 -1.874 99.621 -2.435
201506 0.071 100.684 0.091
201509 2.621 100.392 3.379
201512 -4.125 99.792 -5.350
201603 -4.951 100.470 -6.378
201606 -0.960 101.688 -1.222
201609 1.416 101.861 1.799
201612 2.955 101.863 3.754
201703 -0.518 102.862 -0.652
201706 7.803 103.349 9.771
201709 2.491 104.136 3.096
201712 0.983 104.011 1.223
201803 0.243 105.290 0.299
201806 0.656 106.317 0.799
201809 0.865 106.507 1.051
201812 0.480 105.998 0.586
201903 0.294 107.251 0.355
201906 0.108 108.070 0.129
201909 0.619 108.329 0.740
201912 0.346 108.420 0.413
202003 0.091 108.902 0.108
202006 -0.203 108.767 -0.242
202009 0.788 109.815 0.929
202012 0.706 109.897 0.831
202103 0.454 111.754 0.526
202106 0.773 114.631 0.873
202109 0.217 115.734 0.243
202112 6.636 117.630 7.301
202203 0.075 121.301 0.080
202206 0.787 125.017 0.815
202209 0.567 125.227 0.586
202212 8.363 125.222 8.643
202303 0.143 127.348 0.145
202306 0.637 128.729 0.640
202309 0.708 129.860 0.706
202312 0.205 129.419 0.205

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.


Banc of California  (NYSE:BANC) 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.


Banc of California Cyclically Adjusted Price-to-FCF Related Terms

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Banc of California (Banc of California) Business Description

Traded in Other Exchanges
Address
3 MacArthur Place, Santa Ana, CA, USA, 92707
Banc of California Inc is a financial holding company. It offers banking and financial services. The company's services include banking services, lending services, and private banking services. Its deposit and banking product and service offerings include checking, savings, money market, certificates of deposit, and retirement accounts. Lending activities are focused on providing financing to California's diverse private businesses, entrepreneurs, and communities, and loans are often secured by California commercial and residential real estate.
Executives
James Andrew Barker director C/O BANC OF CALIFORNIA, INC., 3 MACARTHUR PLACE, SANTA ANA CA 92707
Richard J Lashley director C/O PL CAPITAL, LLC, 47 E. CHICAGO AVE., SUITE 328, NAPERVILLE IL 60540
Joseph J Rice director C/O 3 MACARTHUR PLACE, SANTA ANA CA 92707
Joseph Kauder officer: Chief Financial Officer C/O BANC OF CALIFORNIA, 3 MACARTHUR PLACE, SANTA ANA CA 92707
Robert D Sznewajs director
Jared M Wolff director, officer: PRESIDENT AND CEO 120 WILSHIRE BLVD, SANTA MONICA CA 90401
John K Sotoodeh officer: Chief Operating Officer C/O BANC OF CALIFORNIA, INC., 3 MACARTHUR PLACE, SANTA ANA CA 92707
Raymond J Rindone officer: CAO/Deputy CFO C/O BANC OF CALIFORNIA, INC., 3 MACARTHUR PLACE, SANTA ANA CA 92707
Vania E Schlogel director C/O BANC OF CALIFORNIA, INC., 3 MACARTHUR PLACE, SANTA ANA CA 92707
Denis P Kalscheur director 949 SOUTH COAST DRIVE, THIRD FLOOR, COSTA MESA CA 92626
Shannon F Eusey director 949 SOUTH COAST DRIVE, THIRD FLOOR, COSTA MESA CA 92626
Diana Hanson officer: Chief Accounting Officer 17785 CENTER COURT DR #750, CERRITOS CA 90703
Mary A Curran director 3 MACARTHUR BLVD, SANTA ANA CA 92707
Robert G Dyck officer: EVP, Credit Administration P O BOX 2388, RANCHO SANTA FE CA 92067
Lynn M Hopkins officer: CHIEF FINANCIAL OFFICER 17785 CENTER COURT DRIVE, SUITE 750, CERRITOS CA 90703