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ING Groep NV (ING Groep NV) Cyclically Adjusted Price-to-FCF : (As of Apr. 28, 2024)


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What is ING Groep NV Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


ING Groep NV Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for ING Groep NV'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.

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ING Groep NV Cyclically Adjusted Price-to-FCF Chart

ING Groep NV Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
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ING Groep NV Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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Competitive Comparison of ING Groep NV's Cyclically Adjusted Price-to-FCF

For the Banks - Diversified subindustry, ING Groep NV'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.


ING Groep NV's Cyclically Adjusted Price-to-FCF Distribution in the Banks Industry

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

* The bar in red indicates where ING Groep NV's Cyclically Adjusted Price-to-FCF falls into.



ING Groep NV 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.

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

For example, ING Groep NV'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)
=0/126.4000*126.4000
=0.000

Current CPI (Dec. 2023) = 126.4000.

ING Groep NV Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201206 0.000 95.570 0.000
201209 0.000 96.720 0.000
201212 0.000 96.760 0.000
201312 0.000 98.360 0.000
201403 3.168 99.390 4.029
201406 -2.533 99.240 -3.226
201409 0.961 99.960 1.215
201412 2.405 99.050 3.069
201503 -1.115 99.750 -1.413
201506 0.306 100.230 0.386
201509 4.239 100.500 5.331
201512 -0.317 99.730 -0.402
201606 0.000 100.260 0.000
201612 0.000 100.710 0.000
201706 0.000 101.370 0.000
201712 0.000 101.970 0.000
201803 0.000 102.470 0.000
201806 0.000 103.100 0.000
201809 0.000 103.950 0.000
201812 0.000 103.970 0.000
201903 0.000 105.370 0.000
201906 0.000 105.840 0.000
201909 0.000 106.700 0.000
201912 0.000 106.800 0.000
202003 0.000 106.850 0.000
202006 0.000 107.510 0.000
202009 0.000 107.880 0.000
202012 0.000 107.850 0.000
202103 0.000 108.870 0.000
202106 0.000 109.670 0.000
202109 0.000 110.790 0.000
202112 0.000 114.010 0.000
202203 0.000 119.460 0.000
202206 0.000 119.050 0.000
202209 0.000 126.890 0.000
202212 0.000 124.940 0.000
202303 0.000 124.720 0.000
202306 0.000 125.830 0.000
202309 0.000 127.160 0.000
202312 0.000 126.400 0.000

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.


ING Groep NV  (NYSE:ING) 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.


ING Groep NV Cyclically Adjusted Price-to-FCF Related Terms

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ING Groep NV (ING Groep NV) Business Description

Industry
Address
Bijlmerdreef 106, Amsterdam, NLD, 1102 CT
The merger of the Dutch postal bank and NN Insurance in 1991 created ING. Through a series of further acquisitions ING build up a global footprint. The 2008 financial crisis forced ING to seek government support—a precondition of which was that ING should separate its banking and insurance activities, which saw ING revert to being solely a bank. ING has market-leading banking operations in the Netherlands and Belgium, and a range of digital banks across Europe and Australia. Its global wholesale banking operation is primarily focused on lending.