State Street (LTS:0L9G) Cyclically Adjusted FCF per Share: $ (As of Jun. 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.

LTS:0L9G State Street Corp LTS:0L9G
73 GF Score
Price $182.10
GF Value $126.19
Valuation Significantly Overvalued
! 9 Warning Signs
View Full Analysis

What is State Street Cyclically Adjusted FCF per Share?

State Street LTS:0L9G -1.19% 73 Cyclically Adjusted FCF per Share is $ as of Jun. 2026. GuruFocus rates LTS:0L9G with a GF Score™ of 73/100 and a GF Value™ of $126.19 (Significantly Overvalued). The stock has 9 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.

State Street's adjusted free cash flow per share for the three months ended in Jun. 2026 was $17.466. 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 $ for the trailing ten years ended in Jun. 2026.

During the past 12 months, State Street's average Cyclically Adjusted FCF Growth Rate was -51.10% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 6.10% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 3.10% 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 State Street was 339.30% per year. The lowest was -42.40% per year. And the median was 6.10% per year.

As of today (2026-09-20), State Street's current stock price is $182.10. State Street's Cyclically Adjusted FCF per Share for the quarter that ended in Jun. 2026 was $. State Street's Cyclically Adjusted Price-to-FCF of today is .

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of State Street was 1386.38. The lowest was 7.79. And the median was 15.05.


State Street  (LTS:0L9G) 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.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of State Street was 1386.38. The lowest was 7.79. And the median was 15.05.


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.


State Street Cyclically Adjusted FCF per Share Related Terms


State Street Cyclically Adjusted FCF per Share Historical Data

* Premium members only.

The historical data trend for State Street'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.

State Street Cyclically Adjusted FCF per Share Chart

State Street 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 - - - - -

State Street Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 - - - - -

LTS:0L9G vs AMP, RJF, NTRS: Cyclically Adjusted FCF per Share Comparison

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 Cyclically Adjusted Price-to-FCF vs 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.


LTS:0L9G
73GF Score
State Street Corp LTS:0L9G
Cyclically Adjusted FCF per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

State Street 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, State Street's adjusted Free Cash Flow per Share data for the three months ended in Jun. 2026 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=17.466/333.9520*333.9520
=17.466

Current CPI (Jun. 2026) = 333.9520.

State Street Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201609 1.310 241.428 1.812
201612 -1.948 241.432 -2.694
201703 8.628 243.801 11.818
201706 3.305 244.955 4.506
201709 -4.961 246.819 -6.712
201712 4.876 246.524 6.605
201803 -3.320 249.554 -4.443
201806 3.407 251.989 4.515
201809 3.353 252.439 4.436
201812 1.824 251.233 2.425
201903 2.245 254.202 2.949
201906 6.531 256.143 8.515
201909 1.371 256.759 1.783
201912 2.449 256.974 3.183
202003 3.346 258.115 4.329
202006 10.406 257.797 13.480
202009 -18.529 260.280 -23.774
202012 21.064 260.474 27.006
202103 -11.128 264.877 -14.030
202106 -3.698 271.696 -4.545
202109 3.943 274.310 4.800
202112 10.622 278.802 12.723
202203 12.448 287.504 14.459
202206 -17.169 296.311 -19.350
202209 3.523 296.808 3.964
202212 10.269 296.797 11.555
202303 -0.107 301.836 -0.118
202306 -2.120 305.109 -2.320
202309 -3.066 307.789 -3.327
202312 12.757 306.746 13.888
202403 -1.674 312.332 -1.790
202406 -4.315 314.175 -4.587
202409 17.366 315.301 18.393
202412 -18.376 315.605 -19.444
202503 13.125 319.799 13.706
202506 9.391 322.561 9.723
202509 -12.045 324.800 -12.384
202512 4.185 324.054 4.313
202603 -23.742 330.213 -24.011
202606 17.466 333.952 17.466

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 $ mean?
State Street (LTS:0L9G) has a Cyclically Adjusted FCF per Share of $ as of Jun. 2026. Cyclically Adjusted FCF per Share represents the company's inflation-adjusted FCF per share over a 10-year period. View historical data on State Street and its competitors.
Is State Street's Cyclically Adjusted FCF per Share too high?
State Street's current Cyclically Adjusted FCF per Share is $. Overall, State Street has a GF Score™ of 73/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does State Street's Cyclically Adjusted FCF per Share compare to AMP and RJF?
State Street's Cyclically Adjusted FCF per Share of $ can be compared against companies in the Asset Management 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 an Asset Management company?
A good Cyclically Adjusted FCF per Share depends on the Asset Management 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 State Street and its competitors. State Street's current Cyclically Adjusted FCF per Share is $. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is State Street stock overvalued right now?
Based on GuruFocus' analysis, State Street (LTS:0L9G) is currently considered Significantly Overvalued. The stock's GF Value™ is $126.19, compared to a current price of $182.10 — trading 44.3% above its estimated fair value. The current Cyclically Adjusted FCF per Share is $. State Street's overall GF Score™ is 73/100 with 9 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 State Street (LTS:0L9G), the current Cyclically Adjusted FCF per Share is $ as of Jun. 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 State Street (LTS:0L9G) Overvalued in 2026?

Based on GuruFocus' analysis, State Street stock appears to be overvalued. The current stock price of $182.10 is trading 44.3% above its estimated GF Value™ of $126.19. GuruFocus considers State Street to be Significantly Overvalued.

Key valuation signals for LTS:0L9G:

  • Cyclically Adjusted FCF per Share: $
  • GF Value™: $126.19 vs. price of $182.10 (44.3% above fair value)
  • GF Score™: 73/100 with 9 warning signs

No single metric tells the full story. See the LTS:0L9G stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


State Street Business Description

Address One Congress Street, Boston, MA, USA, 02114
State Street is a leading provider of financial services, including investment servicing, investment management, and investment research and trading. With approximately $54 trillion in assets under custody and administration, and $5.7 trillion in assets under management, as of Dec. 31, 2025, State Street operates globally in more than 100 geographic markets and employs about 51,500 worldwide.
73GF Score

Get the complete analysis for LTS:0L9G

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

$182.10
Price
$126.19
GF Value