GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » DNB Bank ASA (FRA:D1NC) » Definitions » Cyclically Adjusted Price-to-FCF

DNB Bank ASA (FRA:D1NC) Cyclically Adjusted Price-to-FCF : 6.37 (As of May. 27, 2024)


View and export this data going back to . Start your Free Trial

What is DNB Bank ASA Cyclically Adjusted Price-to-FCF?

As of today (2024-05-27), DNB Bank ASA's current share price is €17.635. DNB Bank ASA's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was €2.77. DNB Bank ASA's Cyclically Adjusted Price-to-FCF for today is 6.37.

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

FRA:D1NC' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 5.78   Med: 24.59   Max: 103.55
Current: 6.28

During the past years, DNB Bank ASA's highest Cyclically Adjusted Price-to-FCF was 103.55. The lowest was 5.78. And the median was 24.59.

FRA:D1NC's Cyclically Adjusted Price-to-FCF is ranked better than
60.02% of 833 companies
in the Banks industry
Industry Median: 7.38 vs FRA:D1NC: 6.28

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.

DNB Bank ASA's adjusted free cash flow per share data for the three months ended in Mar. 2024 was €28.384. 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 €2.77 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


DNB Bank ASA Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for DNB Bank ASA'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.

DNB Bank ASA Cyclically Adjusted Price-to-FCF Chart

DNB Bank ASA 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 35.58 14.43 32.56 33.40 14.71

DNB Bank ASA 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 16.64 34.12 11.78 14.71 6.57

Competitive Comparison of DNB Bank ASA's Cyclically Adjusted Price-to-FCF

For the Banks - Regional subindustry, DNB Bank ASA'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.


DNB Bank ASA's Cyclically Adjusted Price-to-FCF Distribution in the Banks Industry

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

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



DNB Bank ASA 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.

DNB Bank ASA's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=17.635/2.77
=6.37

* 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.

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

For example, DNB Bank ASA'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)
=28.384/132.6000*132.6000
=28.384

Current CPI (Mar. 2024) = 132.6000.

DNB Bank ASA Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -12.967 97.500 -17.635
201409 3.379 98.500 4.549
201412 -13.605 98.600 -18.296
201503 13.624 99.200 18.211
201506 -4.251 100.100 -5.631
201509 -2.163 100.600 -2.851
201512 -9.255 100.900 -12.163
201603 7.500 102.500 9.702
201606 0.853 103.800 1.090
201609 2.081 104.200 2.648
201612 3.719 104.400 4.724
201703 7.339 105.000 9.268
201706 -0.481 105.800 -0.603
201709 3.667 105.900 4.592
201712 -11.073 106.100 -13.839
201803 8.632 107.300 10.667
201806 4.547 108.500 5.557
201809 -2.401 109.500 -2.908
201812 -8.714 109.800 -10.523
201903 8.133 110.400 9.768
201906 2.506 110.600 3.004
201909 -0.028 111.100 -0.033
201912 -8.457 111.300 -10.075
202003 11.728 111.200 13.985
202006 -2.446 112.100 -2.893
202009 -4.544 112.900 -5.337
202012 -0.613 112.900 -0.720
202103 5.734 114.600 6.635
202106 8.562 115.300 9.847
202109 -3.140 117.500 -3.544
202112 -8.775 118.900 -9.786
202203 7.295 119.800 8.074
202206 1.031 122.600 1.115
202209 3.257 125.600 3.439
202212 -10.634 125.900 -11.200
202303 14.109 127.600 14.662
202306 0.415 130.400 0.422
202309 4.207 129.800 4.298
202312 -18.722 131.900 -18.821
202403 28.384 132.600 28.384

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.


DNB Bank ASA  (FRA:D1NC) 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.


DNB Bank ASA Cyclically Adjusted Price-to-FCF Related Terms

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


DNB Bank ASA (FRA:D1NC) Business Description

Industry
Address
Dronning Eufemias gate 30, Bjorvika, Oslo, NOR, 0191
DNB Bank ASA is a Norwegian financial services group. About one fourth of its income derives from its international business, including other parts of Europe, Asia, and the Americas. The group offers a full range of financial services, including loans, savings, advisory services, insurance, and pension products for retail and corporate customers. Just under half of its credit exposure is to personal costumers, overwhelmingly in residential mortgages. The other portion of its credit exposure is to large corporations, diversified across an array of industries, most notably oil and gas, shipping, and commercial real estate. The group's strategy emphasizes cost efficiency and customer service.

DNB Bank ASA (FRA:D1NC) Headlines

No Headlines