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Erste Group Bank AG. (LTS:0MJK) Cyclically Adjusted Price-to-FCF : 7.66 (As of May. 14, 2024)


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

As of today (2024-05-14), Erste Group Bank AG.'s current share price is €45.64. Erste Group Bank AG.'s Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was €5.96. Erste Group Bank AG.'s Cyclically Adjusted Price-to-FCF for today is 7.66.

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:

LTS:0MJK' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 2.04   Med: 4.61   Max: 25.12
Current: 7.62

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 4.61.

LTS:0MJK's Cyclically Adjusted Price-to-FCF is ranked better than
50% of 834 companies
in the Banks industry
Industry Median: 7.63 vs LTS:0MJK: 7.62

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 €-16.953. 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 €5.96 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 4.30

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 4.30 6.88

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
=45.64/5.96
=7.66

* 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)
=-16.953/132.0288*132.0288
=-16.953

Current CPI (Mar. 2024) = 132.0288.

Erste Group Bank AG. Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -8.148 99.496 -10.812
201409 2.613 99.586 3.464
201412 -4.972 99.676 -6.586
201503 1.097 99.992 1.448
201506 -1.583 100.492 -2.080
201509 9.366 100.292 12.330
201512 2.426 100.692 3.181
201603 3.769 100.692 4.942
201606 -4.816 101.092 -6.290
201609 4.476 101.192 5.840
201612 9.223 102.092 11.928
201703 13.521 102.592 17.401
201706 2.698 102.991 3.459
201709 -9.144 103.591 -11.654
201712 -0.652 104.291 -0.825
201803 6.609 104.491 8.351
201806 -18.617 105.091 -23.389
201809 -3.549 105.691 -4.433
201812 6.521 106.291 8.100
201903 -3.795 106.391 -4.710
201906 2.235 106.791 2.763
201909 -2.773 106.991 -3.422
201912 -11.848 108.091 -14.472
202003 28.028 108.024 34.256
202006 -11.334 107.915 -13.867
202009 23.342 108.348 28.444
202012 16.774 109.321 20.258
202103 42.557 110.186 50.993
202106 -10.826 110.943 -12.884
202109 -3.255 111.916 -3.840
202112 -1.561 113.971 -1.808
202203 1.619 117.647 1.817
202206 -6.427 120.567 -7.038
202209 4.005 123.811 4.271
202212 -20.961 125.541 -22.044
202303 17.467 128.461 17.952
202306 -23.648 130.191 -23.982
202309 -2.053 131.272 -2.065
202312 11.963 132.029 11.963
202403 -16.953 132.029 -16.953

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.  (LTS:0MJK) 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

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Erste Group Bank AG. (LTS:0MJK) 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. (LTS:0MJK) Headlines

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