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Erste Group Bank AG. (BSE:EBS) Cyclically Adjusted Price-to-FCF : 7.77 (As of May. 23, 2024)


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What is Erste Group Bank AG. Cyclically Adjusted Price-to-FCF?

As of today (2024-05-23), Erste Group Bank AG.'s current share price is lei234.20. Erste Group Bank AG.'s Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was lei30.13. Erste Group Bank AG.'s Cyclically Adjusted Price-to-FCF for today is 7.77.

The historical rank and industry rank for Erste Group Bank AG.'s Cyclically Adjusted Price-to-FCF or its related term are showing as below:

BSE:EBS' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 2.04   Med: 4.66   Max: 25.12
Current: 7.8

During the past years, Erste Group Bank AG.'s highest Cyclically Adjusted Price-to-FCF was 25.12. The lowest was 2.04. And the median was 4.66.

BSE:EBS's Cyclically Adjusted Price-to-FCF is ranked worse than
51.91% of 836 companies
in the Banks industry
Industry Median: 7.485 vs BSE:EBS: 7.80

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.

Erste Group Bank AG.'s adjusted free cash flow per share data for the three months ended in Mar. 2024 was lei-84.794. 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 lei30.13 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Erste Group Bank AG. Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Erste Group 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.

* Premium members only.

Erste Group Bank AG. Cyclically Adjusted Price-to-FCF Chart

Erste Group Bank AG. 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 20.03 3.43 3.99 3.76 4.28

Erste Group Bank AG. 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 2.97 4.45 5.12 4.28 6.77

Competitive Comparison of Erste Group Bank AG.'s Cyclically Adjusted Price-to-FCF

For the Banks - Regional subindustry, Erste Group 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.


Erste Group Bank AG.'s Cyclically Adjusted Price-to-FCF Distribution in the Banks Industry

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

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



Erste Group 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.

Erste Group Bank AG.'s Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=234.20/30.13
=7.77

* 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.

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

For example, Erste Group 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)
=-84.794/133.7589*133.7589
=-84.794

Current CPI (Mar. 2024) = 133.7589.

Erste Group Bank AG. Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -50.943 99.496 -68.486
201409 15.497 99.586 20.815
201412 -28.210 99.676 -37.856
201503 5.461 99.992 7.305
201506 -8.173 100.492 -10.879
201509 48.373 100.292 64.515
201512 12.160 100.692 16.153
201603 19.312 100.692 25.654
201606 -24.902 101.092 -32.949
201609 23.118 101.192 30.558
201612 44.767 102.092 58.653
201703 66.546 102.592 86.763
201706 13.949 102.991 18.116
201709 -50.150 103.591 -64.754
201712 -3.548 104.291 -4.550
201803 37.498 104.491 48.001
201806 -100.080 105.091 -127.381
201809 -19.056 105.691 -24.117
201812 34.138 106.291 42.960
201903 -19.735 106.391 -24.812
201906 11.622 106.791 14.557
201909 -14.051 106.991 -17.566
201912 -60.576 108.091 -74.961
202003 142.516 108.024 176.469
202006 -58.735 107.915 -72.801
202009 126.519 108.348 156.192
202012 93.903 109.321 114.894
202103 233.139 110.186 283.016
202106 -60.021 110.943 -72.365
202109 -17.620 111.916 -21.059
202112 -8.116 113.971 -9.525
202203 8.204 117.647 9.328
202206 -31.265 120.567 -34.686
202209 18.249 123.811 19.715
202212 -102.179 125.541 -108.868
202303 86.060 128.460 89.610
202306 -117.900 130.191 -121.131
202309 -10.081 131.272 -10.272
202312 60.034 132.570 60.573
202403 -84.794 133.759 -84.794

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.


Erste Group Bank AG.  (BSE:EBS) 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.


Erste Group Bank AG. Cyclically Adjusted Price-to-FCF Related Terms

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


Erste Group Bank AG. (BSE:EBS) Business Description

Industry
Address
Am Belvedere 1, Vienna, AUT, A-1100
Erste Group Bank AG. is a financial services provider. Its banking operations is the retail and corporate customer business in the eastern part of the European Union, including Austria. The geographical areas consist of two core markets, Austria and Central and Eastern Europe and a residual segment Other comprises the remaining business activities of the bank outside its core markets as well as the reconciliation to the consolidated accounting result. The company's operating segment include Retail; Corporates; Group Markets; Asset/Liability Management and Local Corporate Center; Savings Banks and Group Corporate Center.

Erste Group Bank AG. (BSE:EBS) Headlines

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