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Deutsche Bank AG (BSE:DBK) Cyclically Adjusted Price-to-FCF : (As of May. 17, 2024)


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What is Deutsche Bank AG Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Deutsche Bank AG Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Deutsche Bank AG'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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Deutsche Bank AG Cyclically Adjusted Price-to-FCF Chart

Deutsche Bank AG Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
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Deutsche Bank AG 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 Deutsche Bank AG's Cyclically Adjusted Price-to-FCF

For the Banks - Regional subindustry, Deutsche Bank AG'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.


Deutsche Bank AG's Cyclically Adjusted Price-to-FCF Distribution in the Banks Industry

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

* The bar in red indicates where Deutsche Bank AG's Cyclically Adjusted Price-to-FCF falls into.



Deutsche Bank AG 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.

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

For example, Deutsche Bank AG'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)
=0/125.0381*125.0381
=0.000

Current CPI (Mar. 2024) = 125.0381.

Deutsche Bank AG Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 18.539 99.543 23.287
201409 68.201 99.823 85.429
201412 -58.464 99.543 -73.438
201503 59.160 99.717 74.183
201506 -49.187 100.417 -61.247
201509 146.152 100.417 181.987
201512 41.487 99.717 52.022
201603 53.239 100.017 66.558
201606 38.765 100.717 48.126
201609 -60.873 101.017 -75.348
201612 192.327 101.217 237.591
201703 -8.477 101.417 -10.451
201706 106.885 102.117 130.876
201709 -56.796 102.717 -69.138
201712 51.550 102.617 62.813
201803 0.000 102.917 0.000
201806 0.000 104.017 0.000
201809 0.000 104.718 0.000
201812 0.000 104.217 0.000
201903 0.000 104.217 0.000
201906 0.000 105.718 0.000
201909 0.000 106.018 0.000
201912 0.000 105.818 0.000
202003 0.000 105.718 0.000
202006 0.000 106.618 0.000
202009 0.000 105.818 0.000
202012 0.000 105.518 0.000
202103 0.000 107.518 0.000
202106 0.000 108.486 0.000
202109 0.000 109.435 0.000
202112 0.000 110.384 0.000
202203 0.000 113.968 0.000
202206 0.000 115.760 0.000
202209 0.000 118.818 0.000
202212 0.000 119.345 0.000
202303 0.000 122.402 0.000
202306 0.000 123.140 0.000
202309 0.000 124.195 0.000
202312 0.000 123.773 0.000
202403 0.000 125.038 0.000

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.


Deutsche Bank AG  (BSE:DBK) 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.


Deutsche Bank AG Cyclically Adjusted Price-to-FCF Related Terms

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


Deutsche Bank AG (BSE:DBK) Business Description

Industry
Address
Taunusanlage 12, Frankfurt am Main, HE, DEU, 60325
Deutsche Bank is a universal bank operating on a global scale. The bank offers corporate, retail, investment banking, private banking, and asset management to its clients.

Deutsche Bank AG (BSE:DBK) Headlines

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