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Bank of America (UKEX:BAC) Cyclically Adjusted Price-to-FCF : 13.84 (As of May. 28, 2024)


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What is Bank of America Cyclically Adjusted Price-to-FCF?

As of today (2024-05-28), Bank of America's current share price is ₴1310.00. Bank of America's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was ₴94.66. Bank of America's Cyclically Adjusted Price-to-FCF for today is 13.84.

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

UKEX:BAC' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 2.25   Med: 5.58   Max: 16.42
Current: 14.49

During the past years, Bank of America's highest Cyclically Adjusted Price-to-FCF was 16.42. The lowest was 2.25. And the median was 5.58.

UKEX:BAC's Cyclically Adjusted Price-to-FCF is ranked worse than
83.75% of 831 companies
in the Banks industry
Industry Median: 7.36 vs UKEX:BAC: 14.49

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.

Bank of America's adjusted free cash flow per share data for the three months ended in Mar. 2024 was ₴-77.991. 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 ₴94.66 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Bank of America Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Bank of America'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.

Bank of America Cyclically Adjusted Price-to-FCF Chart

Bank of America 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 8.22 7.98 13.79 9.34 10.67

Bank of America 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 9.04 10.18 9.46 10.67 13.84

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

For the Banks - Diversified subindustry, Bank of America'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.


Bank of America's Cyclically Adjusted Price-to-FCF Distribution in the Banks Industry

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

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



Bank of America 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.

Bank of America's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=1310.00/94.66
=13.84

* 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.

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

For example, Bank of America'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)
=-77.991/131.7762*131.7762
=-77.991

Current CPI (Mar. 2024) = 131.7762.

Bank of America Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 16.435 100.560 21.537
201409 10.400 100.428 13.646
201412 -0.488 99.070 -0.649
201503 0.877 99.621 1.160
201506 -11.952 100.684 -15.643
201509 92.866 100.392 121.898
201512 20.558 99.792 27.147
201603 39.573 100.470 51.904
201606 55.746 101.688 72.240
201609 1.927 101.861 2.493
201612 -34.447 101.863 -44.563
201703 -47.949 102.862 -61.427
201706 35.898 103.349 45.772
201709 76.159 104.136 96.374
201712 -26.956 104.011 -34.152
201803 155.325 105.290 194.399
201806 -25.486 106.317 -31.589
201809 77.705 106.507 96.141
201812 -56.154 105.998 -69.810
201903 62.195 107.251 76.418
201906 -28.357 108.070 -34.578
201909 -24.575 108.329 -29.894
201912 262.542 108.420 319.099
202003 86.613 108.902 104.806
202006 -13.820 108.767 -16.744
202009 -149.888 109.815 -179.863
202012 250.473 109.897 300.340
202103 -240.913 111.754 -284.075
202106 -42.966 114.631 -49.392
202109 46.491 115.734 52.935
202112 218.860 117.630 245.181
202203 -223.270 121.301 -242.551
202206 -24.932 125.017 -26.280
202209 64.974 125.227 68.372
202212 153.315 125.222 161.340
202303 -55.669 127.348 -57.605
202306 58.794 128.729 60.186
202309 58.759 129.860 59.626
202312 165.084 129.419 168.090
202403 -77.991 131.776 -77.991

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.


Bank of America  (UKEX:BAC) 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.


Bank of America Cyclically Adjusted Price-to-FCF Related Terms

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


Bank of America (UKEX:BAC) Business Description

Industry
Address
100 North Tryon Street, Bank of America Corporate Center, Charlotte, NC, USA, 28255
Bank of America is one of the largest financial institutions in the United States, with more than $2.5 trillion in assets. It is organized into four major segments: consumer banking, global wealth and investment management, global banking, and global markets. Bank of America's consumer-facing lines of business include its network of branches and deposit-gathering operations, retail lending products, credit and debit cards, and small-business services. The company's Merrill Lynch operations provide brokerage and wealth-management services, as does its private bank. Wholesale lines of business include investment banking, corporate and commercial real estate lending, and capital markets operations. Bank of America has operations in several countries but is primarily U.S.-focused.