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Neuberger Berman Intermediate Muni Fund (Neuberger Berman Intermediate Muni Fund) Cyclically Adjusted Price-to-FCF : (As of Apr. 27, 2024)


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What is Neuberger Berman Intermediate Muni Fund Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Neuberger Berman Intermediate Muni Fund Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Neuberger Berman Intermediate Muni Fund'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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Neuberger Berman Intermediate Muni Fund Cyclically Adjusted Price-to-FCF Chart

Neuberger Berman Intermediate Muni Fund Annual Data
Trend Oct14 Oct15 Oct16 Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23
Cyclically Adjusted Price-to-FCF
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Neuberger Berman Intermediate Muni Fund Semi-Annual Data
Apr14 Oct14 Apr15 Oct15 Apr16 Oct16 Apr17 Oct17 Apr18 Oct18 Apr19 Oct19 Apr20 Oct20 Apr21 Oct21 Apr22 Oct22 Apr23 Oct23
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Competitive Comparison of Neuberger Berman Intermediate Muni Fund's Cyclically Adjusted Price-to-FCF

For the Asset Management subindustry, Neuberger Berman Intermediate Muni Fund'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.


Neuberger Berman Intermediate Muni Fund's Cyclically Adjusted Price-to-FCF Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Neuberger Berman Intermediate Muni Fund's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Neuberger Berman Intermediate Muni Fund's Cyclically Adjusted Price-to-FCF falls into.



Neuberger Berman Intermediate Muni Fund 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.

Neuberger Berman Intermediate Muni Fund's Cyclically Adjusted FCF per Share for the fiscal year that ended in Oct23 is calculated as:

For example, Neuberger Berman Intermediate Muni Fund's adjusted Free Cash Flow per Share data for the fiscal year that ended in Oct23 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Oct23 (Change)*Current CPI (Oct23)
=0/129.8097*129.8097
=0.000

Current CPI (Oct23) = 129.8097.

Neuberger Berman Intermediate Muni Fund Annual Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201410 0.000 100.176 0.000
201510 0.000 100.346 0.000
201610 0.000 101.988 0.000
201710 0.000 104.070 0.000
201810 0.000 106.695 0.000
201910 0.000 108.577 0.000
202010 0.000 109.861 0.000
202110 0.000 116.696 0.000
202210 0.000 125.734 0.000
202310 0.000 129.810 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.


Neuberger Berman Intermediate Muni Fund  (AMEX:NBH) 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.


Neuberger Berman Intermediate Muni Fund Cyclically Adjusted Price-to-FCF Related Terms

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Neuberger Berman Intermediate Muni Fund (Neuberger Berman Intermediate Muni Fund) Business Description

Traded in Other Exchanges
N/A
Address
c/o Neuberger Berman Investment Advisers LLC, 1290 Avenue of the Americas, New York, NY, USA, 10104-0002
Neuberger Berman Intermediate Muni Fund is a closed-end management investment company that invests mainly in municipal securities. It aims to provide common stockholders a high level of current income exempt from Federal income tax.
Executives
Franklyn E. Smith director C/O NEUBERGER BERMAN INVESTMENT ADVISERS, 1290 AVENUE OF THE AMERICAS, NEW YORK NY 10104-0002
Ami Kaplan director C/O NEUBERGER BERMAN INVESTMENT ADVISERS, 1290 AVENUE OF THE AMERICAS, NEW YORK NY 10104-0002
Bradley Tank other: CEO of Affil. of Inv. Mgr. C/O LEHMAN BROTHERS ASSET MANAGEMENT, 190 SOUTH LASALLE STREET, CHICAGO IL 60603-3421
Faith Colish other: Retired Director C/O NEUBERGER BERMAN MANAGEMENT INC, 605 THIRD AVE, NEW YORK NY 10158-0180
James G. Stavridis director C/O NEUBERGER BERMAN MANAGEMENT LLC, 605 THIRD AVENUE, NEW YORK NY 10158-0180
Deborah C. Mclean director C/O NEUBERGER BERMAN MANAGEMENT LLC, 605 THIRD AVENUE, NEW YORK NY 10158-0180
Marc Gary director C/O NEUBERGER BERMAN MANAGEMENT LLC, 605 THIRD AVENUE, NEW YORK NY 10158-3698
Michael J. Cosgrove director C/O GAMCO INVESTORS, INC., ONE CORPORATE CENTER, RYE NY 10580
Brian Patrick Kerrane officer: Chief Operating Officer C/O NEUBERGER BERMAN MANAGEMENT LLC, 605 THIRD AVENUE, NEW YORK NY 10158
Blue Ridge Investments, L.l.c. 10 percent owner ONE BRYANT PARK, NEW YORK NY 10036
Bank Of America Na 10 percent owner 100 N. TRYON STREET, CHARLOTTE NC 28255
Banc Of America Preferred Funding Corp 10 percent owner 214 NORTH TRYON STREET, CHARLOTTE NC 28255
Bank Of America Corp /de/ 10 percent owner BANK OF AMERICA CORPORATE CENTER, 100 N TRYON ST, CHARLOTTE NC 28255
Stephen Blake Miller other: Portfolio Manager C/O NEUBERGER BERMAN LLC, 605 THIRD AVENUE, NEW YORK NY 10158-0180
William Braverman other: Executive Officer of Affiliate C/O NEUBERGER BERMAN MANAGEMENT LLC, 605 THIRD AVENUE, NEW YORK NY 10158