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Prosperity Bancshares (Prosperity Bancshares) Cyclically Adjusted Price-to-FCF : 9.80 (As of Apr. 29, 2024)


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What is Prosperity Bancshares Cyclically Adjusted Price-to-FCF?

As of today (2024-04-29), Prosperity Bancshares's current share price is $62.60. Prosperity Bancshares's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was $6.39. Prosperity Bancshares's Cyclically Adjusted Price-to-FCF for today is 9.80.

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

PB' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 7.8   Med: 13.84   Max: 18.83
Current: 9.95

During the past years, Prosperity Bancshares's highest Cyclically Adjusted Price-to-FCF was 18.83. The lowest was 7.80. And the median was 13.84.

PB's Cyclically Adjusted Price-to-FCF is ranked worse than
67.3% of 838 companies
in the Banks industry
Industry Median: 7.415 vs PB: 9.95

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.

Prosperity Bancshares's adjusted free cash flow per share data for the three months ended in Dec. 2023 was $0.249. 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 $6.39 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Prosperity Bancshares Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Prosperity Bancshares'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.

Prosperity Bancshares Cyclically Adjusted Price-to-FCF Chart

Prosperity Bancshares 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 14.60 13.39 12.58 11.83 10.60

Prosperity Bancshares 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 9.95 8.88 8.39 10.60 -

Competitive Comparison of Prosperity Bancshares's Cyclically Adjusted Price-to-FCF

For the Banks - Regional subindustry, Prosperity Bancshares'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.


Prosperity Bancshares's Cyclically Adjusted Price-to-FCF Distribution in the Banks Industry

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

* The bar in red indicates where Prosperity Bancshares's Cyclically Adjusted Price-to-FCF falls into.



Prosperity Bancshares 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.

Prosperity Bancshares's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=62.60/6.39
=9.80

* 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.

Prosperity Bancshares's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, Prosperity Bancshares's adjusted Free Cash Flow per Share data for the three months ended in Dec. 2023 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=0.249/129.4194*129.4194
=0.249

Current CPI (Dec. 2023) = 129.4194.

Prosperity Bancshares Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 1.663 99.695 2.159
201406 1.112 100.560 1.431
201409 1.195 100.428 1.540
201412 0.931 99.070 1.216
201503 1.625 99.621 2.111
201506 1.103 100.684 1.418
201509 1.143 100.392 1.473
201512 0.433 99.792 0.562
201603 2.269 100.470 2.923
201606 0.925 101.688 1.177
201609 1.796 101.861 2.282
201612 -0.274 101.863 -0.348
201703 2.063 102.862 2.596
201706 0.879 103.349 1.101
201709 1.948 104.136 2.421
201712 0.572 104.011 0.712
201803 1.067 105.290 1.312
201806 1.105 106.317 1.345
201809 0.918 106.507 1.115
201812 1.279 105.998 1.562
201903 1.860 107.251 2.244
201906 0.929 108.070 1.113
201909 2.010 108.329 2.401
201912 0.601 108.420 0.717
202003 2.157 108.902 2.563
202006 2.395 108.767 2.850
202009 0.581 109.815 0.685
202012 0.874 109.897 1.029
202103 2.399 111.754 2.778
202106 2.163 114.631 2.442
202109 1.953 115.734 2.184
202112 0.770 117.630 0.847
202203 2.305 121.301 2.459
202206 0.807 125.017 0.835
202209 2.042 125.227 2.110
202212 -0.095 125.222 -0.098
202303 1.859 127.348 1.889
202306 2.011 128.729 2.022
202309 2.481 129.860 2.473
202312 0.249 129.419 0.249

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.


Prosperity Bancshares  (NYSE:PB) 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.


Prosperity Bancshares Cyclically Adjusted Price-to-FCF Related Terms

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


Prosperity Bancshares (Prosperity Bancshares) Business Description

Traded in Other Exchanges
Address
Prosperity Bank Plaza, 4295 San Felipe, Houston, TX, USA, 77027
Prosperity Bancshares Inc follows a community bank model and provides multiple services to individuals and small to midsize businesses. It operates more than 270 branches in Texas, most of them around the Houston, Dallas-Fort Worth, Corpus Christi, and Austin metropolitan areas.
Executives
L. Jack Lord director 4295 SAN FELIPE, HOUSTON TX 77027
Timanus H E Jr director, officer: Executive Vice President
Asylbek Osmonov officer: Interim CFO 4295 SAN FELIPE, HOUSTON X1 77027
Robert H Steelhammer director 2100 W LOOP S STE 1400, HOUSTON TX 77027
Laura Murillo director 4295 SAN FELIPE, HOUSTON TX 77027
Ileana M Blanco director 4295 SAN FELIPE, HOUSTON TX 77027
George A. Fisk director LEGACYTEXAS FINANCIAL GROUP, INC., 5851 LEGACY CIRCLE, PLANO TX 75024
Robert J. Dowdell officer: Executive Vice President 4295 SAN FELIPE, HOUSTON TX 77027
David Zalman director, officer: President and Chief Executive 316 E CALHOUN, EL CAMPO TX 77437
James A Bouligny director P O BOX 1567, EL CAMPO TX 77437
Charlotte M Rasche officer: Executive Vice President 80 SUGAR CREEK CENTER BOULEVARD, SUGAR LAND TX 77478
Edward Z Safady officer: President 80 SUGAR CREEK CENTER BLVD, SUGAR LAND TX 77478
Kevin J Hanigan director, officer: President & COO LEGACYTEXAS FINANCIAL GROUP, INC., 5851 LEGACY CIRCLE, PLANO TX 75024
Bruce W Hunt director
J. Mays Davenport officer: EVP/Director of Corp Strategy C/O LEGACYTEXAS FINANCIAL GROUP, INC., 5851 LEGACY CIRCLE, PLANO TX 75024