SBI Holdings (TSE:8473) Cyclically Adjusted FCF per Share: 円808.56 (As of Jun. 2026)

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TSE:8473 SBI Holdings Inc TSE:8473
81 GF Score
Price 円3,038.00
GF Value 円2,895.72
Valuation Fairly Valued
! 7 Warning Signs
View Full Analysis

What is SBI Holdings Cyclically Adjusted FCF per Share?

SBI Holdings TSE:8473 +7.50% 81 Cyclically Adjusted FCF per Share is 円808.56 as of Jun. 2026. GuruFocus rates TSE:8473 with a GF Score™ of 81/100 and a GF Value™ of 円2,895.72 (Fairly Valued). The stock has 7 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.

SBI Holdings's adjusted free cash flow per share for the three months ended in Jun. 2026 was 円367.618. 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 円808.56 for the trailing ten years ended in Jun. 2026.

During the past 12 months, SBI Holdings's average Cyclically Adjusted FCF Growth Rate was -100.00% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 160.70% 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.

During the past 13 years, the highest 3-Year average Cyclically Adjusted FCF Growth Rate of SBI Holdings was 160.70% per year. The lowest was -59.00% per year. And the median was 50.85% per year.

As of today (2026-08-01), SBI Holdings's current stock price is 円3038.00. SBI Holdings's Cyclically Adjusted FCF per Share for the quarter that ended in Jun. 2026 was 円808.56. SBI Holdings's Cyclically Adjusted Price-to-FCF of today is 3.76.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of SBI Holdings was 157.71. The lowest was 3.40. And the median was 7.76.


SBI Holdings  (TSE:8473) 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.

SBI Holdings's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=3038.00/808.56
=3.76

* 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 SBI Holdings was 157.71. The lowest was 3.40. And the median was 7.76.


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.


SBI Holdings Cyclically Adjusted FCF per Share Related Terms


SBI Holdings Cyclically Adjusted FCF per Share Historical Data

* Premium members only.

The historical data trend for SBI Holdings'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.

SBI Holdings Cyclically Adjusted FCF per Share Chart

SBI Holdings Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only -127.30 42.88 251.43 504.83 759.37

SBI Holdings 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 661.09 781.41 818.02 759.37 808.56

TSE:8473 vs FRHC, VOYA: Cyclically Adjusted FCF per Share Comparison

For the Financial Conglomerates subindustry, SBI Holdings'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.


SBI Holdings Cyclically Adjusted Price-to-FCF vs Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, SBI Holdings's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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


TSE:8473
81GF Score
SBI Holdings Inc TSE:8473
Cyclically Adjusted FCF per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

SBI Holdings 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, SBI Holdings'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)
=367.618/113.6000*113.6000
=367.618

Current CPI (Jun. 2026) = 113.6000.

SBI Holdings Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201609 147.588 98.000 171.082
201612 -45.460 98.400 -52.482
201703 -101.700 98.100 -117.769
201706 -15.989 98.500 -18.440
201709 73.931 98.800 85.006
201712 -51.928 99.400 -59.346
201803 -81.518 99.200 -93.351
201806 -40.837 99.200 -46.765
201809 271.393 99.900 308.611
201812 -377.765 99.700 -430.432
201903 1.821 99.700 2.075
201906 -128.974 99.800 -146.808
201909 337.271 100.100 382.757
201912 -223.186 100.500 -252.278
202003 39.355 100.300 44.574
202006 -62.266 99.900 -70.805
202009 -137.796 99.900 -156.693
202012 -61.731 99.300 -70.621
202103 -89.283 99.900 -101.527
202106 -364.319 99.500 -415.946
202109 478.964 100.100 543.560
202112 -174.331 100.100 -197.842
202203 -530.859 101.100 -596.494
202206 571.350 101.800 637.577
202209 2,082.712 103.100 2,294.821
202212 -166.297 104.100 -181.473
202303 -891.922 104.400 -970.520
202306 -330.017 105.200 -356.368
202309 342.864 106.200 366.755
202312 1,169.947 106.800 1,244.438
202403 973.152 107.200 1,031.251
202406 -501.620 108.200 -526.655
202409 1,471.893 108.900 1,535.418
202412 860.589 110.700 883.134
202503 482.856 111.100 493.721
202506 1,616.662 111.700 1,644.161
202509 938.753 112.000 952.164
202512 439.115 113.000 441.447
202603 -478.171 112.700 -481.990
202606 367.618 113.600 367.618

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 円808.56 mean?
SBI Holdings (TSE:8473) has a Cyclically Adjusted FCF per Share of 円808.56 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 SBI Holdings and its competitors.
Is SBI Holdings' Cyclically Adjusted FCF per Share too high?
SBI Holdings' current Cyclically Adjusted FCF per Share is 円808.56. Overall, SBI Holdings has a GF Score™ of 81/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does SBI Holdings' Cyclically Adjusted FCF per Share compare to FRHC and VOYA?
SBI Holdings' Cyclically Adjusted FCF per Share of 円808.56 can be compared against companies in the Diversified Financial Services 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 Diversified Financial Services company?
A good Cyclically Adjusted FCF per Share depends on the Diversified Financial Services 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 SBI Holdings and its competitors. SBI Holdings's current Cyclically Adjusted FCF per Share is 円808.56. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is SBI Holdings stock overvalued right now?
Based on GuruFocus' analysis, SBI Holdings (TSE:8473) is currently considered Fairly Valued. The stock's GF Value™ is 円2,895.72, compared to a current price of 円3,038.00 — trading 4.9% above its estimated fair value. The current Cyclically Adjusted FCF per Share is 円808.56. SBI Holdings' overall GF Score™ is 81/100 with 7 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 SBI Holdings (TSE:8473), the current Cyclically Adjusted FCF per Share is 円808.56 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 SBI Holdings (TSE:8473) Overvalued in 2026?

Based on GuruFocus' analysis, SBI Holdings stock appears to be overvalued. The current stock price of 円3,038.00 is trading 4.9% above its estimated GF Value™ of 円2,895.72. GuruFocus considers SBI Holdings to be Fairly Valued.

Key valuation signals for TSE:8473:

  • Cyclically Adjusted FCF per Share: 円808.56
  • GF Value™: 円2,895.72 vs. price of 円3,038.00 (4.9% above fair value)
  • GF Score™: 81/100 with 7 warning signs

No single metric tells the full story. See the TSE:8473 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


SBI Holdings Business Description

Other Exchanges SBHGF:USAZOF:Germany
Address 1-6-1 Roppongi, Minato-ku, Tokyo, JPN, 106-6019
SBI Holdings Inc is a financial conglomerate that offers a variety of services in securities, banking, and insurance. The company operates through five segments. The Asset Management segment provides investment management, advice, and financial product information. The Crypto Asset segment offers crypto exchange and trading services. The Financial Services segment covers securities, banking, and insurance activities in Japan and abroad. The Investment segment invests in IT, fintech, blockchain, finance, and biotech ventures. The Next Generation Business develops and sells pharmaceuticals, health foods, and cosmetics, conducts R&D in cancer and immunology, offers digital medical solutions, and engages in medical finance. It generates majority of its revenue from Financial services segment.
81GF Score

Get the complete analysis for TSE:8473

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

円3,038.00
Price
円2,895.72
GF Value