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State Street (State Street) Cyclically Adjusted Price-to-FCF : 9.05 (As of Apr. 27, 2024)


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What is State Street Cyclically Adjusted Price-to-FCF?

As of today (2024-04-27), State Street's current share price is $73.39. State Street's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was $8.11. State Street's Cyclically Adjusted Price-to-FCF for today is 9.05.

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

STT' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 7.79   Med: 19.7   Max: 1386.38
Current: 9.04

During the past years, State Street's highest Cyclically Adjusted Price-to-FCF was 1386.38. The lowest was 7.79. And the median was 19.70.

STT's Cyclically Adjusted Price-to-FCF is ranked better than
70.02% of 507 companies
in the Asset Management industry
Industry Median: 20.19 vs STT: 9.04

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.

State Street's adjusted free cash flow per share data for the three months ended in Dec. 2023 was $12.419. 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 $8.11 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


State Street Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for State Street'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.

State Street Cyclically Adjusted Price-to-FCF Chart

State Street 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 13.21 10.74 22.31 10.92 9.56

State Street 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 12.07 10.97 10.43 9.56 -

Competitive Comparison of State Street's Cyclically Adjusted Price-to-FCF

For the Asset Management subindustry, State Street'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.


State Street's Cyclically Adjusted Price-to-FCF Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, State Street's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



State Street 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.

State Street's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=73.39/8.11
=9.05

* 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.

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

For example, State Street'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)
=12.419/129.4194*129.4194
=12.419

Current CPI (Dec. 2023) = 129.4194.

State Street Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 4.093 99.695 5.313
201406 -3.744 100.560 -4.819
201409 -3.323 100.428 -4.282
201412 0.645 99.070 0.843
201503 0.719 99.621 0.934
201506 -12.308 100.684 -15.821
201509 -1.206 100.392 -1.555
201512 7.905 99.792 10.252
201603 6.650 100.470 8.566
201606 5.014 101.688 6.381
201609 -7.337 101.861 -9.322
201612 -0.314 101.863 -0.399
201703 8.656 102.862 10.891
201706 0.864 103.349 1.082
201709 -6.082 104.136 -7.559
201712 13.131 104.011 16.339
201803 12.584 105.290 15.468
201806 -4.244 106.317 -5.166
201809 14.518 106.507 17.641
201812 2.452 105.998 2.994
201903 -1.965 107.251 -2.371
201906 0.215 108.070 0.257
201909 12.782 108.329 15.270
201912 2.440 108.420 2.913
202003 10.964 108.902 13.030
202006 3.308 108.767 3.936
202009 -15.041 109.815 -17.726
202012 9.063 109.897 10.673
202103 -10.948 111.754 -12.679
202106 -22.157 114.631 -25.015
202109 0.540 115.734 0.604
202112 10.685 117.630 11.756
202203 11.956 121.301 12.756
202206 -11.601 125.017 -12.010
202209 11.431 125.227 11.814
202212 18.777 125.222 19.406
202303 -8.811 127.348 -8.954
202306 -3.064 128.729 -3.080
202309 0.274 129.860 0.273
202312 12.419 129.419 12.419

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.


State Street  (NYSE:STT) 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.


State Street Cyclically Adjusted Price-to-FCF Related Terms

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


State Street (State Street) Business Description

Address
One Lincoln Street, Boston, MA, USA, 02111
State Street is a leading provider of financial services, including investment servicing, investment management, and investment research and trading. With approximately $42 trillion in assets under custody and administration and $4.1 trillion assets under management as of Dec. 31, 2023, State Street operates globally in more than 100 geographic markets and employs more than 46,000 worldwide.
Executives
Louis D Maiuri officer: Executive Vice President STATE STREET CORPORATION, ONE LINCOLN STREET, BOSTON MA 02111
Michael L Richards officer: EVP and Chief Admin Officer STATE STREET CORPORATION, ONE LINCOLN STREET, BOSTON MA 02111
Eric W. Aboaf officer: Executive Vice President CITIZENS FINANCIAL GROUP, INC., 600 WASHINGTON BLVD., STAMFORD CT 06901
Ian Appleyard officer: EVP, CAO and Global Controller STATE STREET CORPORATION, ONE LINCOLN STREET, BOSTON MA 02111
Yie-hsin Hung officer: EVP; President and CEO of SSGA 30 HUDSON STREET, JERSEY CITY NJ 07302
Donna Demaio director 175 WATER STREET, NEW YORK NY 10038
Francisco Aristeguieta officer: EVP; CEO State Street Int'l 388 GREENWICH STREET, 17TH FLOOR, NEW YORK NY 10013
Andrew Erickson officer: Executive Vice President STATE STREET CORPORATION, ONE LINCOLN STREET, BOSTON MA 02111
Cyrus Taraporevala officer: EVP; President and CEO of SSGA STATE STREET CORPORATION, ONE LINCOLN STREET, BOSTON MA 02111
Saint-aignan Patrick De director 27 RICHMOND ROAD, PEMBROKE D0 HM08
W. Bradford Hu officer: Executive Vice President 388 GREENWICH STREET, 17TH FLOOR, NEW YORK NY 10013
David C Phelan officer: EVP and General Counsel STATE STREET CORPORATION, ONE LINCOLN STREET, BOSTON MA 02111
Julio A Portalatin director C/O MARSH & MCLENNAN COMPANIES, INC., 1166 AVENUE OF THE AMERICAS, NEW YORK NY 10036
John B Rhea director C/O INVITATION HOMES INC., 1717 MAIN STREET, SUITE 2000, DALLAS TX 75201
Andrew P Kuritzkes officer: EVP and Chief Risk Officer STATE STREET CORPORATION, ONE LINCOLN STREET, BOSTON MA 02111