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As of today (2024-04-27), Texas Capital Bancshares's current share price is $57.81. Texas Capital Bancshares's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was $5.39. Texas Capital Bancshares's Cyclically Adjusted Price-to-FCF for today is 10.73.
The historical rank and industry rank for Texas Capital Bancshares's Cyclically Adjusted Price-to-FCF or its related term are showing as below:
During the past years, Texas Capital Bancshares's highest Cyclically Adjusted Price-to-FCF was 27.76. The lowest was 7.27. And the median was 11.84.
TCBI's Cyclically Adjusted Price-to-FCF is ranked worse thanThe 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.
Texas Capital Bancshares's adjusted free cash flow per share data for the three months ended in Mar. 2024 was $1.588. 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 $5.39 for the trailing ten years ended in Mar. 2024.
The historical data trend for Texas Capital Bancshares'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.
Texas Capital Bancshares 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 | 9.95 | 10.32 | 11.60 | 12.09 | 11.41 |
For the Banks - Regional subindustry, Texas Capital Bancshares'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.
For the Banks industry and Financial Services sector, Texas Capital Bancshares's Cyclically Adjusted Price-to-FCF distribution charts can be found below:
* The bar in red indicates where Texas Capital Bancshares's Cyclically Adjusted Price-to-FCF falls into.
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.
Texas Capital Bancshares's Cyclically Adjusted Price-to-FCF for today is calculated as
Cyclically Adjusted Price-to-FCF | = | Share Price | / | Cyclically Adjusted FCF per Share |
= | 57.81 | / | 5.39 | |
= | 10.73 |
* 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.
Texas Capital Bancshares's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 is calculated as:
For example, Texas Capital Bancshares'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) |
= | 1.588 | / | 129.4194 | * | 129.4194 | |
= | 1.588 |
Current CPI (Mar. 2024) = 129.4194.
Texas Capital Bancshares Quarterly Data
Free Cash Flow per Share | CPI | Adj_FreeCashFlowPerShare | |
201406 | -0.350 | 100.560 | -0.450 |
201409 | 1.946 | 100.428 | 2.508 |
201412 | 0.768 | 99.070 | 1.003 |
201503 | 0.770 | 99.621 | 1.000 |
201506 | 0.809 | 100.684 | 1.040 |
201509 | 0.399 | 100.392 | 0.514 |
201512 | -0.492 | 99.792 | -0.638 |
201603 | 0.096 | 100.470 | 0.124 |
201606 | -1.570 | 101.688 | -1.998 |
201609 | -7.746 | 101.861 | -9.842 |
201612 | -6.275 | 101.863 | -7.973 |
201703 | 3.168 | 102.862 | 3.986 |
201706 | 0.534 | 103.349 | 0.669 |
201709 | -1.065 | 104.136 | -1.324 |
201712 | -0.250 | 104.011 | -0.311 |
201803 | 0.018 | 105.290 | 0.022 |
201806 | -3.493 | 106.317 | -4.252 |
201809 | -4.817 | 106.507 | -5.853 |
201812 | -5.362 | 105.998 | -6.547 |
201903 | 3.208 | 107.251 | 3.871 |
201906 | 16.982 | 108.070 | 20.337 |
201909 | -28.995 | 108.329 | -34.640 |
201912 | 3.719 | 108.420 | 4.439 |
202003 | 35.359 | 108.902 | 42.021 |
202006 | 9.237 | 108.767 | 10.991 |
202009 | -1.647 | 109.815 | -1.941 |
202012 | 9.257 | 109.897 | 10.901 |
202103 | 3.867 | 111.754 | 4.478 |
202106 | 4.690 | 114.631 | 5.295 |
202109 | 2.084 | 115.734 | 2.330 |
202112 | 2.139 | 117.630 | 2.353 |
202203 | 1.368 | 121.301 | 1.460 |
202206 | 1.321 | 125.017 | 1.368 |
202209 | 1.315 | 125.227 | 1.359 |
202212 | -1.315 | 125.222 | -1.359 |
202303 | 0.345 | 127.348 | 0.351 |
202306 | 1.424 | 128.729 | 1.432 |
202309 | 1.806 | 129.860 | 1.800 |
202312 | 3.811 | 129.419 | 3.811 |
202403 | 1.588 | 129.419 | 1.588 |
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.
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.
Thank you for viewing the detailed overview of Texas Capital Bancshares's Cyclically Adjusted Price-to-FCF provided by GuruFocus.com. Please click on the following links to see related term pages.
Robert W Stallings | director | 5242 BUENA VISTA DRIVE, FRISCO TX 75034 |
Laura L Whitley | director | 2000 MCKINNEY AVE SUITE 700, DALLAS TX 75201 |
John W Cummings | officer: Chief Administrative Officer | 2000 MCKINNEY AVE SUITE 700, DALLAS TX 75201 |
Thomas E Long | director | 370 17TH STREET, SUITE 2775, DENVER CO 80202 |
Timothy J Storms | officer: Chief Risk Officer | 2000 MCKINNEY AVE, STE 700, DALLAS TX 75201 |
Elysia Holt Ragusa | director | 901 S. CENTRAL EXPRESSWAY, RICHARDSON TX 75080 |
John Matthew Scurlock | officer: Chief Financial Officer | 2000 MCKINNEY AVE SUITE 700, DALLAS TX 75201 |
Paola M Arbour | director | 14201 DALLAS PARKWAY, DALLAS TX 75254 |
Charles S Hyle | director | 191C MAIN STREET, NEW CANAAN CT 06840 |
James H Browning | director | 3760 JARDIN, HOUSTON TX 77005 |
Julie L Anderson | officer: Chief Accounting Officer | 2000 MCKINNEY AVE STE 700, DALLAS TX 75201 |
David S. Huntley | director | 208 S. AKARD, ROOM 2900;07, DALLAS TX 75202 |
Larry L Helm | director | 1000 LOUISIANA, SUITE 5600, HOUSTON TX 77002 |
Anna M Alvarado | officer: Chief Legal Officer | 1600 WEST 7TH STREET, FORT WORTH TX 76102 |
Rob C Holmes | officer: President and CEO | 2000 MCKINNEY AVE, STE 700, DALLAS TX 75201 |
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