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Bristol-Myers Squibb Co (CHIX:BRMD) Cyclically Adjusted Price-to-FCF : 9.95 (As of May. 19, 2024)


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What is Bristol-Myers Squibb Co Cyclically Adjusted Price-to-FCF?

As of today (2024-05-19), Bristol-Myers Squibb Co's current share price is €40.595. Bristol-Myers Squibb Co's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was €4.08. Bristol-Myers Squibb Co's Cyclically Adjusted Price-to-FCF for today is 9.95.

The historical rank and industry rank for Bristol-Myers Squibb Co's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

CHIX:BRMd' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 9.67   Med: 24.21   Max: 40.86
Current: 9.67

During the past years, Bristol-Myers Squibb Co's highest Cyclically Adjusted Price-to-FCF was 40.86. The lowest was 9.67. And the median was 24.21.

CHIX:BRMd's Cyclically Adjusted Price-to-FCF is ranked better than
89.33% of 328 companies
in the Drug Manufacturers industry
Industry Median: 33.52 vs CHIX:BRMd: 9.67

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.

Bristol-Myers Squibb Co's adjusted free cash flow per share data for the three months ended in Mar. 2024 was €1.160. 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 €4.08 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Bristol-Myers Squibb Co Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Bristol-Myers Squibb Co'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.

Bristol-Myers Squibb Co Cyclically Adjusted Price-to-FCF Chart

Bristol-Myers Squibb Co 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 24.21 20.69 17.41 18.54 11.69

Bristol-Myers Squibb Co 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 16.83 15.49 13.48 11.69 11.91

Competitive Comparison of Bristol-Myers Squibb Co's Cyclically Adjusted Price-to-FCF

For the Drug Manufacturers - General subindustry, Bristol-Myers Squibb Co'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.


Bristol-Myers Squibb Co's Cyclically Adjusted Price-to-FCF Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Bristol-Myers Squibb Co's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Bristol-Myers Squibb Co's Cyclically Adjusted Price-to-FCF falls into.



Bristol-Myers Squibb Co 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.

Bristol-Myers Squibb Co's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=40.595/4.08
=9.95

* 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.

Bristol-Myers Squibb Co's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Bristol-Myers Squibb Co'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)
=1.16/131.7762*131.7762
=1.160

Current CPI (Mar. 2024) = 131.7762.

Bristol-Myers Squibb Co Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.417 100.560 0.546
201409 0.370 100.428 0.485
201412 0.184 99.070 0.245
201503 0.270 99.621 0.357
201506 -0.050 100.684 -0.065
201509 0.154 100.392 0.202
201512 0.326 99.792 0.430
201603 -0.251 100.470 -0.329
201606 0.094 101.688 0.122
201609 0.564 101.861 0.730
201612 0.604 101.863 0.781
201703 0.319 102.862 0.409
201706 0.721 103.349 0.919
201709 0.740 104.136 0.936
201712 0.444 104.011 0.563
201803 0.463 105.290 0.579
201806 0.449 106.317 0.557
201809 0.553 106.507 0.684
201812 1.753 105.998 2.179
201903 0.641 107.251 0.788
201906 1.023 108.070 1.247
201909 1.315 108.329 1.600
201912 0.895 108.420 1.088
202003 1.503 108.902 1.819
202006 1.712 108.767 2.074
202009 0.784 109.815 0.941
202012 1.121 109.897 1.344
202103 1.354 111.754 1.597
202106 1.050 114.631 1.207
202109 1.893 115.734 2.155
202112 1.489 117.630 1.668
202203 1.493 121.301 1.622
202206 0.876 125.017 0.923
202209 1.618 125.227 1.703
202212 1.317 125.222 1.386
202303 1.190 127.348 1.231
202306 0.715 128.729 0.732
202309 2.002 129.860 2.032
202312 1.769 129.419 1.801
202403 1.160 131.776 1.160

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.


Bristol-Myers Squibb Co  (CHIX:BRMd) 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.


Bristol-Myers Squibb Co Cyclically Adjusted Price-to-FCF Related Terms

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


Bristol-Myers Squibb Co (CHIX:BRMD) Business Description

Address
430 East 29th Street, 14th Floor, New York, NY, USA, 10016
Bristol-Myers Squibb discovers, develops, and markets drugs for various therapeutic areas, such as cardiovascular, cancer, and immune disorders. A key focus for Bristol is immuno-oncology, where the firm is a leader in drug development. Bristol derives close to 70% of total sales from the U.S., showing a higher dependence on the U.S. market than most of its peer group.

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