Bank of Communications Co (FRA:C4C) Cyclically Adjusted FCF per Share: €0.15 (As of Mar. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

FRA:C4C Bank of Communications Co Ltd FRA:C4C
42 GF Score
Price €0.81
GF Value €0.75
Valuation Fairly Valued
! 6 Warning Signs
View Full Analysis

What is Bank of Communications Co Cyclically Adjusted FCF per Share?

Bank of Communications Co FRA:C4C +1.05% 42 Cyclically Adjusted FCF per Share is €0.15 as of Mar. 2026. GuruFocus rates FRA:C4C with a GF Score™ of 42/100 and a GF Value™ of €0.75 (Fairly Valued). The stock has 6 warning signs investors should review.

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted FCF per Share and 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.

Bank of Communications Co's adjusted free cash flow per share for the three months ended in Mar. 2026 was €0.157. Add all the adjusted free cash flow per share for the past 10 years together and divide the count will get our Cyclically Adjusted FCF per Share, which is €0.15 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Bank of Communications Co's average Cyclically Adjusted FCF Growth Rate was -22.90% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was -14.50% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was -4.00% per year. During the past 10 years, the average Cyclically Adjusted FCF Growth Rate was -1.10% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted FCF Growth Rate using Cyclically Adjusted FCF per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted FCF Growth Rate of Bank of Communications Co was 10.40% per year. The lowest was -14.50% per year. And the median was 0.40% per year.

As of today (2026-07-26), Bank of Communications Co's current stock price is €0.8062. Bank of Communications Co's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2026 was €0.15. Bank of Communications Co's Cyclically Adjusted Price-to-FCF of today is 5.37.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Bank of Communications Co was 6.63. The lowest was 2.43. And the median was 3.21.


Bank of Communications Co  (FRA:C4C) Cyclically Adjusted FCF per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted FCF per Share may underestimate the company's free cash flow. Cyclically Adjusted Price-to-FCF can seem to be too high even the actual Price-to-Free-Cash-Flow is low.

For the Cyclically Adjusted Price-to-FCF, the free cash flow per share of the past 10 years are inflation-adjusted and averaged. The result is used for P/FCF calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted Price-to-FCF is also called CAPFCF Ratio.

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.

Bank of Communications Co's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=0.8062/0.15
=5.37

* 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.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Bank of Communications Co was 6.63. The lowest was 2.43. And the median was 3.21.


Be Aware

Cyclically Adjusted Price-to-FCF works better for cyclical companies. It gives you a better idea on the company's real free cash flow value.


Bank of Communications Co Cyclically Adjusted FCF per Share Related Terms


Bank of Communications Co Cyclically Adjusted FCF per Share Historical Data

* Premium members only.

The historical data trend for Bank of Communications Co's Cyclically Adjusted FCF per Share 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.

Bank of Communications Co Cyclically Adjusted FCF per Share Chart

Bank of Communications Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.18 0.22 0.18 0.17 0.12

Bank of Communications Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Cyclically Adjusted FCF per Share 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 0.19 0.12 0.15 0.12 0.15

FRA:C4C vs JPM, BAC, WFC: Cyclically Adjusted FCF per Share Comparison

For the Banks - Diversified subindustry, Bank of Communications Co'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.


Bank of Communications Co Cyclically Adjusted Price-to-FCF vs Banks Industry

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

* The bar in red indicates where Bank of Communications Co's Cyclically Adjusted Price-to-FCF falls into.


FRA:C4C
42GF Score
Bank of Communications Co Ltd FRA:C4C
Cyclically Adjusted FCF per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Bank of Communications Co Cyclically Adjusted FCF per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted FCF per Share and 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.

What is Cyclically Adjusted FCF per Share? How do we calculate Cyclically Adjusted FCF per Share?

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. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted FCF per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the free cash flow per share from 2001 through 2010.

We adjusted the 2001 free cash flow per share data with the total inflation from 2001 through 2010 to the equivalent free cash flow in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's free cash flow is $1 a share in 2001, then the 2001's equivalent free cash flow in 2010 is $1.4 a share. If Wal-Mart's free cash flow is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 free cash flow in 2010 is $1.35. So on and so forth, you get the equivalent free cash flow per share of past 10 years. Then you add them together and divided the sum by the count to get 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.

For example, Bank of Communications Co's adjusted Free Cash Flow per Share data for the three months ended in Mar. 2026 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=0.157/116.3033*116.3033
=0.157

Current CPI (Mar. 2026) = 116.3033.

Bank of Communications Co Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201606 0.543 101.400 0.623
201609 -0.081 102.400 -0.092
201612 0.333 102.600 0.377
201703 0.078 103.200 0.088
201706 -0.015 103.100 -0.017
201709 -0.041 104.100 -0.046
201712 -0.048 104.500 -0.053
201803 0.016 105.300 0.018
201806 0.085 104.900 0.094
201809 0.069 106.600 0.075
201812 -0.019 106.500 -0.021
201903 -0.035 107.700 -0.038
201906 0.006 107.700 0.006
201909 0.091 109.800 0.096
201912 -0.262 111.200 -0.274
202003 0.206 112.300 0.213
202006 -0.056 110.400 -0.059
202009 0.086 111.700 0.090
202012 -0.067 111.500 -0.070
202103 -0.152 112.662 -0.157
202106 -0.054 111.769 -0.056
202109 -0.041 112.215 -0.042
202112 0.163 113.108 0.168
202203 0.184 114.335 0.187
202206 -0.033 114.558 -0.034
202209 -0.009 115.339 -0.009
202212 0.461 115.116 0.466
202303 0.220 115.116 0.222
202306 -0.227 114.558 -0.230
202309 0.007 115.339 0.007
202312 0.200 114.781 0.203
202403 -0.234 115.227 -0.236
202406 -0.155 114.781 -0.157
202409 0.139 115.785 0.140
202412 0.081 114.893 0.082
202503 0.177 115.116 0.179
202506 -0.103 114.907 -0.104
202509 0.069 115.471 0.069
202512 -0.015 115.832 -0.015
202603 0.157 116.303 0.157

Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF per Share.

What does a Cyclically Adjusted FCF per Share of €0.15 mean?
Bank of Communications Co (FRA:C4C) has a Cyclically Adjusted FCF per Share of €0.15 as of Mar. 2026. Cyclically Adjusted FCF per Share represents the company's inflation-adjusted FCF per share over a 10-year period. View historical data on Bank of Communications Co and its competitors.
Is Bank of Communications Co's Cyclically Adjusted FCF per Share too high?
Bank of Communications Co's current Cyclically Adjusted FCF per Share is €0.15. Overall, Bank of Communications Co has a GF Score™ of 42/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Bank of Communications Co's Cyclically Adjusted FCF per Share compare to JPM and BAC?
Bank of Communications Co's Cyclically Adjusted FCF per Share of €0.15 can be compared against companies in the Banks industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted FCF per Share for a Banks company?
A good Cyclically Adjusted FCF per Share depends on the Banks industry context. However, Cyclically Adjusted FCF per Share should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted FCF per Share mean?
A high Cyclically Adjusted FCF per Share can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted FCF per Share represents the company's inflation-adjusted FCF per share over a 10-year period. View historical data on Bank of Communications Co and its competitors. Bank of Communications Co's current Cyclically Adjusted FCF per Share is €0.15. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bank of Communications Co stock overvalued right now?
Based on GuruFocus' analysis, Bank of Communications Co (FRA:C4C) is currently considered Fairly Valued. The stock's GF Value™ is €0.75, compared to a current price of €0.81 — trading 7.5% above its estimated fair value. The current Cyclically Adjusted FCF per Share is €0.15. Bank of Communications Co's overall GF Score™ is 42/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted FCF per Share calculated?
Cyclically Adjusted FCF per Share is calculated from a company's financial statements. For Bank of Communications Co (FRA:C4C), the current Cyclically Adjusted FCF per Share is €0.15 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Bank of Communications Co (FRA:C4C) Overvalued in 2026?

Based on GuruFocus' analysis, Bank of Communications Co stock appears to be overvalued. The current stock price of €0.81 is trading 7.5% above its estimated GF Value™ of €0.75. GuruFocus considers Bank of Communications Co to be Fairly Valued.

Key valuation signals for FRA:C4C:

  • Cyclically Adjusted FCF per Share: €0.15
  • GF Value™: €0.75 vs. price of €0.81 (7.5% above fair value)
  • GF Score™: 42/100 with 6 warning signs

No single metric tells the full story. See the FRA:C4C stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Bank of Communications Co Business Description

Address No.188, Yin Cheng Zhong Lu, Pilot Free Trade Zone, Pudong New District, Shanghai, CHN, 200120
Bank of Communications stands as the only nationwide state-owned commercial bank headquartered in Shanghai and ranks among China's four oldest financial institutions. Following its 1987 restructuring as the nation's first state-owned shareholding commercial bank, Bocom is now executing a strategic pivot toward becoming a global wealth management institution with integrated operations spanning insurance, brokerage, trust, and asset management.The bank operates a comprehensive financial services platform encompassing corporate finance, personal banking, and money market activities. Bocom plays a strategic role in RMB internationalization as one of the inaugural participants in the Cross-Border Interbank Payment System.
42GF Score

Get the complete analysis for FRA:C4C

Cyclically Adjusted FCF per Share is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€0.81
Price
€0.75
GF Value