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Cincinnati Financial (Cincinnati Financial) Cyclically Adjusted Price-to-FCF : 11.05 (As of Apr. 27, 2024)


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What is Cincinnati Financial Cyclically Adjusted Price-to-FCF?

As of today (2024-04-27), Cincinnati Financial's current share price is $110.88. Cincinnati Financial's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was $10.03. Cincinnati Financial's Cyclically Adjusted Price-to-FCF for today is 11.05.

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

CINF' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 8.78   Med: 14.98   Max: 21.6
Current: 11.05

During the past years, Cincinnati Financial's highest Cyclically Adjusted Price-to-FCF was 21.60. The lowest was 8.78. And the median was 14.98.

CINF's Cyclically Adjusted Price-to-FCF is ranked worse than
52.94% of 323 companies
in the Insurance industry
Industry Median: 11.04 vs CINF: 11.05

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.

Cincinnati Financial's adjusted free cash flow per share data for the three months ended in Mar. 2024 was $2.191. 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 $10.03 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Cincinnati Financial Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Cincinnati Financial'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.

Cincinnati Financial Cyclically Adjusted Price-to-FCF Chart

Cincinnati Financial 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 18.91 14.16 14.88 11.45 10.44

Cincinnati Financial 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 12.17 10.23 10.45 10.44 12.38

Competitive Comparison of Cincinnati Financial's Cyclically Adjusted Price-to-FCF

For the Insurance - Property & Casualty subindustry, Cincinnati Financial'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.


Cincinnati Financial's Cyclically Adjusted Price-to-FCF Distribution in the Insurance Industry

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

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



Cincinnati Financial 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.

Cincinnati Financial's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=110.88/10.03
=11.05

* 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.

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

For example, Cincinnati Financial'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)
=2.191/129.4194*129.4194
=2.191

Current CPI (Mar. 2024) = 129.4194.

Cincinnati Financial Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 1.333 100.560 1.716
201409 1.703 100.428 2.195
201412 1.433 99.070 1.872
201503 1.292 99.621 1.678
201506 1.517 100.684 1.950
201509 1.710 100.392 2.204
201512 1.911 99.792 2.478
201603 1.578 100.470 2.033
201606 1.381 101.688 1.758
201609 2.002 101.861 2.544
201612 1.658 101.863 2.107
201703 0.805 102.862 1.013
201706 1.819 103.349 2.278
201709 1.784 104.136 2.217
201712 1.835 104.011 2.283
201803 0.921 105.290 1.132
201806 1.848 106.317 2.250
201809 2.177 106.507 2.645
201812 2.129 105.998 2.599
201903 1.185 107.251 1.430
201906 1.622 108.070 1.942
201909 2.385 108.329 2.849
201912 1.975 108.420 2.358
202003 1.005 108.902 1.194
202006 2.731 108.767 3.250
202009 3.080 109.815 3.630
202012 2.270 109.897 2.673
202103 2.148 111.754 2.488
202106 3.432 114.631 3.875
202109 3.671 115.734 4.105
202112 2.833 117.630 3.117
202203 1.209 121.301 1.290
202206 3.465 125.017 3.587
202209 4.190 125.227 4.330
202212 3.992 125.222 4.126
202303 1.552 127.348 1.577
202306 3.614 128.729 3.633
202309 4.130 129.860 4.116
202312 3.606 129.419 3.606
202403 2.191 129.419 2.191

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.


Cincinnati Financial  (NAS:CINF) 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.


Cincinnati Financial Cyclically Adjusted Price-to-FCF Related Terms

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


Cincinnati Financial (Cincinnati Financial) Business Description

Traded in Other Exchanges
Address
6200 S. Gilmore Road, Fairfield, OH, USA, 45014-5141
Cincinnati Financial Corp is a property and casualty insurance company that generates income through written premiums. A select group of independent agencies actively markets the company's business, home, and automotive insurance within their communities. These agents offer the company's personal lines as well as its standard market, excess, and surplus commercial line policies in many regions in the United States. Cincinnati Financial also offers leasing and financing services. The company operates in segments: Commercial lines insurance, Personal lines insurance, and Excess and surplus lines insurance, Life insurance, and Investments. The vast majority of the company's revenue is generated through commercial lines, followed by personal lines.
Executives
Dirk J Debbink director PO BOX 145496, CINCINNATI OH 45250-5496
Nancy Cunningham Benacci director PO BOX 145496, CINCINNATI OH 45250
Steven Anthony Soloria officer: Senior Vice President- Sub PO BOX 145496, CINCINNATI OH 45250
Douglas S Skidmore director PO BOX 145496, CINCINNATI OH 45250-5496
Thomas J Aaron director 4000 MERIDIAN BOULEVARD, FRANKLIN TN 37067
David P Osborn director P.O. BOX 145496, CINCINNATI OH 45250-5496
Charles Odell Schiff director PO BOX 145496, CINCINNATI OH 45250
Marc Jon Schambow officer: SrVP/Chief Claims Officer PO BOX 145496, CINCINNATI OH 45250
Teresa C Cracas officer: Sr VP & Chief Risk Off. - Sub PO BOX 145496, CINCINNATI OH 45250-5496
Angela Ossello Delaney officer: Senior Vice President PO BOX 145496, CINCINNATI OH 45250
Doyle Donald J Jr officer: Sr Vice President - Subsidiary CINCINNATI FINANCIAL CORPORATION, P.O. BOX 145496, CINCINNATI OH 45250-5496
Pratt Jill P. Meyer director PO BOX 145496, CINCINNATI OH 45250
Theresa A Hoffer officer: Sr Vice President - Subsidiary PO BOX 145496, CINCINNATI OH 45250
Sean Michael Givler officer: Sr Vice President - Subsidiary PO BOX 145496, CINCINNATI OH 45250
Roger A Brown officer: Sr. Vice President-Subsidiary PO BOX 145496, CINCINNATI OH 45250

Cincinnati Financial (Cincinnati Financial) Headlines