GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » JPMorgan Chase & Co (NYSE:JPM) » Definitions » Cyclically Adjusted Price-to-FCF

JPMorgan Chase (JPMorgan Chase) Cyclically Adjusted Price-to-FCF : 21.52 (As of Apr. 27, 2024)


View and export this data going back to 1969. Start your Free Trial

What is JPMorgan Chase Cyclically Adjusted Price-to-FCF?

As of today (2024-04-27), JPMorgan Chase's current share price is $193.49. JPMorgan Chase's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was $8.99. JPMorgan Chase's Cyclically Adjusted Price-to-FCF for today is 21.52.

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

JPM' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 6.57   Med: 12.57   Max: 95.77
Current: 21.51

During the past years, JPMorgan Chase's highest Cyclically Adjusted Price-to-FCF was 95.77. The lowest was 6.57. And the median was 12.57.

JPM's Cyclically Adjusted Price-to-FCF is ranked worse than
90.49% of 831 companies
in the Banks industry
Industry Median: 7.47 vs JPM: 21.51

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.

JPMorgan Chase's adjusted free cash flow per share data for the three months ended in Dec. 2023 was $20.631. 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 $8.99 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


JPMorgan Chase Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for JPMorgan Chase'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.

JPMorgan Chase Cyclically Adjusted Price-to-FCF Chart

JPMorgan Chase 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 12.98 15.08 18.42 11.29 18.92

JPMorgan Chase 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 17.00 24.08 21.61 18.92 -

Competitive Comparison of JPMorgan Chase's Cyclically Adjusted Price-to-FCF

For the Banks - Diversified subindustry, JPMorgan Chase'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.


JPMorgan Chase's Cyclically Adjusted Price-to-FCF Distribution in the Banks Industry

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

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



JPMorgan Chase 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.

JPMorgan Chase's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=193.49/8.99
=21.52

* 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.

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

For example, JPMorgan Chase'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)
=20.631/129.4194*129.4194
=20.631

Current CPI (Dec. 2023) = 129.4194.

JPMorgan Chase Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 3.836 99.695 4.980
201406 -1.146 100.560 -1.475
201409 -0.646 100.428 -0.832
201412 7.635 99.070 9.974
201503 3.960 99.621 5.145
201506 4.620 100.684 5.939
201509 6.744 100.392 8.694
201512 4.180 99.792 5.421
201603 -5.721 100.470 -7.369
201606 -0.411 101.688 -0.523
201609 1.142 101.861 1.451
201612 11.134 101.863 14.146
201703 -6.214 102.862 -7.818
201706 1.132 103.349 1.418
201709 -1.375 104.136 -1.709
201712 3.570 104.011 4.442
201803 -10.090 105.290 -12.402
201806 10.390 106.317 12.648
201809 3.886 106.507 4.722
201812 0.552 105.998 0.674
201903 -24.448 107.251 -29.501
201906 -4.250 108.070 -5.090
201909 4.993 108.329 5.965
201912 26.309 108.420 31.405
202003 -38.730 108.902 -46.027
202006 26.913 108.767 32.023
202009 -4.764 109.815 -5.614
202012 -9.092 109.897 -10.707
202103 -14.249 111.754 -16.501
202106 4.448 114.631 5.022
202109 7.764 115.734 8.682
202112 28.543 117.630 31.404
202203 -14.061 121.301 -15.002
202206 22.256 125.017 23.040
202209 -6.139 125.227 -6.345
202212 34.112 125.222 35.255
202303 -37.421 127.348 -38.030
202306 6.399 128.729 6.433
202309 15.388 129.860 15.336
202312 20.631 129.419 20.631

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.


JPMorgan Chase  (NYSE:JPM) 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.


JPMorgan Chase Cyclically Adjusted Price-to-FCF Related Terms

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


JPMorgan Chase (JPMorgan Chase) Business Description

Industry
Address
383 Madison Avenue, New York, NY, USA, 10179
JPMorgan Chase is one of the largest and most complex financial institutions in the United States, with nearly $4 trillion in assets. It is organized into four major segments--consumer and community banking, corporate and investment banking, commercial banking, and asset and wealth management. JPMorgan operates, and is subject to regulation, in multiple countries.
Executives
Mary E. Erdoes officer: Managing Director JPMORGAN CHASE & CO., 270 PARK AVENUE, NEW YORK NY 10017
Jennifer Piepszak officer: Chief Financial Officer JPMORGAN CHASE & CO., 383 MADISON AVENUE, NEW YORK NY 10179
Peter Scher officer: Executive Vice President JPMORGAN CHASE & CO., 270 PARK AVENUE, NEW YORK NY 10017
Ashley Bacon officer: Chief Risk Officer JPMORGAN CHASE & CO., 383 MADISON AVENUE, NEW YORK NY 10179
Douglas B Petno officer: Managing Director JPMORGAN CHASE & CO., 270 PARK AVENUE, NEW YORK NY 10017
Marianne Lake officer: Chief Financial Officer JPMORGAN CHASE & CO., 270 PARK AVENUE, NEW YORK NY 10017
Stacey Friedman officer: General Counsel JPMORGAN CHASE & CO., 270 PARK AVENUE, NEW YORK NY 10017
Lori A Beer officer: Chief Information Officer JPMORGAN CHASE & CO., 270 PARK AVENUE, NEW YORK NY 10017
Daniel E Pinto officer: Managing Director JPMORGAN CHASE & CO., 270 PARK AVENUE, NEW YORK NY 10017
Alicia S Boler-davis director 300 RENAISSANCE CENTER, M/C: 482-C23-D24, DETROIT MI 48265-3000
Mellody L Hobson director C/O TELLABS, 1415 W DIEHL RD, NAPERVILLE IL 60563
Robin Leopold officer: Head of Human Resources JPMORGAN CHASE & CO., 270 PARK AVENUE, NEW YORK NY 10017
Alex Gorsky director JOHNSON & JOHNSON, ONE JOHNSON & JOHNSON PLAZA, NEW BRUNSWICK NJ 08933
Jeremy Barnum officer: Chief Financial Officer 383 MADISON AVENUE, NEW YORK NY 10179-0001
Elena A Korablina officer: Corporate Controller 383 MADISON AVENUE, NEW YORK NY 10179-0001