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Citizens Financial Group (LTS:0HYP) Cyclically Adjusted FCF per Share : $4.25 (As of Mar. 2025)


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What is Citizens Financial Group Cyclically Adjusted FCF per Share?

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.

Citizens Financial Group's adjusted free cash flow per share for the three months ended in Mar. 2025 was $-0.513. 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 $4.25 for the trailing ten years ended in Mar. 2025.

During the past 12 months, Citizens Financial Group's average Cyclically Adjusted FCF Growth Rate was 5.70% 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.

As of today (2025-05-23), Citizens Financial Group's current stock price is $39.83. Citizens Financial Group's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2025 was $4.25. Citizens Financial Group's Cyclically Adjusted Price-to-FCF of today is 9.37.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Citizens Financial Group was 11.60. The lowest was 5.58. And the median was 8.90.


Citizens Financial Group Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Citizens Financial Group'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.

* Premium members only.

Citizens Financial Group Cyclically Adjusted FCF per Share Chart

Citizens Financial Group Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - 3.83 4.02 4.28

Citizens Financial Group Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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 4.04 4.16 4.20 4.28 4.25

Competitive Comparison of Citizens Financial Group's Cyclically Adjusted FCF per Share

For the Banks - Regional subindustry, Citizens Financial Group'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.


Citizens Financial Group's Cyclically Adjusted Price-to-FCF Distribution in the Banks Industry

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

* The bar in red indicates where Citizens Financial Group's Cyclically Adjusted Price-to-FCF falls into.


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Citizens Financial Group 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, Citizens Financial Group's adjusted Free Cash Flow per Share data for the three months ended in Mar. 2025 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=-0.513/134.9266*134.9266
=-0.513

Current CPI (Mar. 2025) = 134.9266.

Citizens Financial Group Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201506 0.643 100.684 0.862
201509 0.478 100.392 0.642
201512 0.556 99.792 0.752
201603 0.605 100.470 0.812
201606 0.520 101.688 0.690
201609 0.827 101.861 1.095
201612 0.309 101.863 0.409
201703 1.564 102.862 2.052
201706 -0.808 103.349 -1.055
201709 1.607 104.136 2.082
201712 0.498 104.011 0.646
201803 1.257 105.290 1.611
201806 1.181 106.317 1.499
201809 -0.691 106.507 -0.875
201812 1.441 105.998 1.834
201903 1.020 107.251 1.283
201906 0.229 108.070 0.286
201909 0.879 108.329 1.095
201912 1.667 108.420 2.075
202003 -3.128 108.902 -3.876
202006 -0.288 108.767 -0.357
202009 1.537 109.815 1.888
202012 2.022 109.897 2.483
202103 -1.636 111.754 -1.975
202106 1.305 114.631 1.536
202109 2.929 115.734 3.415
202112 2.437 117.630 2.795
202203 3.539 121.301 3.937
202206 -3.813 125.017 -4.115
202209 5.860 125.227 6.314
202212 2.939 125.222 3.167
202303 2.260 127.348 2.394
202306 0.173 128.729 0.181
202309 2.084 129.860 2.165
202312 1.330 129.419 1.387
202403 1.173 131.776 1.201
202406 1.761 132.554 1.793
202409 0.213 133.029 0.216
202412 0.978 133.157 0.991
202503 -0.513 134.927 -0.513

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


Citizens Financial Group  (LTS:0HYP) 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.

Citizens Financial Group's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=39.83/4.25
=9.37

* 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 Citizens Financial Group was 11.60. The lowest was 5.58. And the median was 8.90.


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.


Citizens Financial Group Cyclically Adjusted FCF per Share Related Terms

Thank you for viewing the detailed overview of Citizens Financial Group's Cyclically Adjusted FCF per Share provided by GuruFocus.com. Please click on the following links to see related term pages.


Citizens Financial Group Business Description

Traded in Other Exchanges
Address
One Citizens Plaza, Providence, RI, USA, 02903
Citizens Financial Group Inc is a bank holding company headquartered in Providence, Rhode Island. Through the bank, it offers various retail and commercial banking products and services to individuals, small businesses, middle-market companies, large corporations, and institutions. The company's reportable segments are; Commercial Banking, Consumer Banking, Non-Core, and Others. A majority of its revenue is generated from the Consumer Banking segment, which serves consumer customers and small businesses, offering traditional banking products and services including deposits, mortgage and home equity lending, credit cards, small business loans, education loans, point-of-sale finance loans, and wealth management and investment services.

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