PKO Bank Polski (XPRA:PKO) Cyclically Adjusted FCF per Share: Kč21.45 (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.

XPRA:PKO PKO Bank Polski SA XPRA:PKO
81 GF Score
Price Kč674.10
GF Value Kč427.16
Valuation Significantly Overvalued
! 7 Warning Signs
View Full Analysis

What is PKO Bank Polski Cyclically Adjusted FCF per Share?

PKO Bank Polski XPRA:PKO +0.85% 81 Cyclically Adjusted FCF per Share is Kč21.45 as of Jun. 2026. GuruFocus rates XPRA:PKO with a GF Score™ of 81/100 and a GF Value™ of Kč427.16 (Significantly Overvalued). 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.

PKO Bank Polski's adjusted free cash flow per share for the three months ended in Jun. 2026 was Kč22.481. 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 Kč21.45 for the trailing ten years ended in Jun. 2026.

During the past 12 months, PKO Bank Polski's average Cyclically Adjusted FCF Growth Rate was -5.80% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 10.40% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 20.40% 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 PKO Bank Polski was 41.10% per year. The lowest was 10.40% per year. And the median was 33.35% per year.

As of today (2026-09-15), PKO Bank Polski's current stock price is Kč674.10. PKO Bank Polski's Cyclically Adjusted FCF per Share for the quarter that ended in Jun. 2026 was Kč21.45. PKO Bank Polski's Cyclically Adjusted Price-to-FCF of today is 31.42.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of PKO Bank Polski was 19.02. The lowest was 1.65. And the median was 4.34.


PKO Bank Polski  (XPRA:PKO) 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.

PKO Bank Polski's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=674.10/21.452
=31.42

* 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 PKO Bank Polski was 19.02. The lowest was 1.65. And the median was 4.34.


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.


PKO Bank Polski Cyclically Adjusted FCF per Share Related Terms


PKO Bank Polski Cyclically Adjusted FCF per Share Historical Data

* Premium members only.

The historical data trend for PKO Bank Polski'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.

PKO Bank Polski Cyclically Adjusted FCF per Share Chart

PKO Bank Polski 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 5.16 4.56 10.52 9.78 15.96

PKO Bank Polski 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 13.94 14.15 16.86 19.58 21.45

PKO Bank Polski Cyclically Adjusted FCF per Share Competitor Comparison

For the Banks - Regional subindustry, PKO Bank Polski'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.


PKO Bank Polski Cyclically Adjusted Price-to-FCF vs Banks Industry

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

* The bar in red indicates where PKO Bank Polski's Cyclically Adjusted Price-to-FCF falls into.


XPRA:PKO
81GF Score
PKO Bank Polski SA XPRA:PKO
Cyclically Adjusted FCF per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

PKO Bank Polski 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, PKO Bank Polski'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)
=22.481/162.2800*162.2800
=22.481

Current CPI (Jun. 2026) = 162.2800.

PKO Bank Polski Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201609 247.355 99.064 405.201
201612 -237.725 100.366 -384.372
201703 -1.957 101.018 -3.144
201706 2.153 101.180 3.453
201709 7.869 101.343 12.601
201712 7.756 102.564 12.272
201803 10.030 102.564 15.870
201806 -20.582 103.378 -32.309
201809 9.815 103.378 15.407
201812 -4.035 103.785 -6.309
201903 11.178 104.274 17.396
201906 3.824 105.983 5.855
201909 -3.328 105.983 -5.096
201912 0.325 107.123 0.492
202003 15.235 109.076 22.666
202006 -0.959 109.402 -1.423
202009 2.096 109.320 3.111
202012 -28.531 109.565 -42.258
202103 8.905 112.658 12.827
202106 0.229 113.960 0.326
202109 0.016 115.588 0.022
202112 -17.149 119.088 -23.369
202203 2.047 125.031 2.657
202206 -0.983 131.705 -1.211
202209 -3.071 135.531 -3.677
202212 16.959 139.113 19.783
202303 11.977 145.950 13.317
202306 9.095 147.009 10.040
202309 21.465 146.113 23.840
202312 20.509 147.741 22.527
202403 7.406 149.044 8.064
202406 -1.643 150.997 -1.766
202409 15.759 153.439 16.667
202412 8.289 154.660 8.697
202503 20.637 157.021 21.328
202506 13.396 157.509 13.802
202509 14.067 158.000 14.448
202512 -14.679 158.320 -15.046
202603 9.393 163.070 9.347
202606 22.481 162.280 22.481

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 Kč21.45 mean?
PKO Bank Polski (XPRA:PKO) has a Cyclically Adjusted FCF per Share of Kč21.45 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 PKO Bank Polski and its competitors.
Is PKO Bank Polski's Cyclically Adjusted FCF per Share too high?
PKO Bank Polski's current Cyclically Adjusted FCF per Share is Kč21.45. Overall, PKO Bank Polski has a GF Score™ of 81/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does PKO Bank Polski's Cyclically Adjusted FCF per Share compare to competitors?
PKO Bank Polski's Cyclically Adjusted FCF per Share of Kč21.45 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 PKO Bank Polski and its competitors. PKO Bank Polski's current Cyclically Adjusted FCF per Share is Kč21.45. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PKO Bank Polski stock overvalued right now?
Based on GuruFocus' analysis, PKO Bank Polski (XPRA:PKO) is currently considered Significantly Overvalued. The stock's GF Value™ is Kč427.16, compared to a current price of Kč674.10 — trading 57.8% above its estimated fair value. The current Cyclically Adjusted FCF per Share is Kč21.45. PKO Bank Polski's 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 PKO Bank Polski (XPRA:PKO), the current Cyclically Adjusted FCF per Share is Kč21.45 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 PKO Bank Polski (XPRA:PKO) Overvalued in 2026?

Based on GuruFocus' analysis, PKO Bank Polski stock appears to be overvalued. The current stock price of Kč674.10 is trading 57.8% above its estimated GF Value™ of Kč427.16. GuruFocus considers PKO Bank Polski to be Significantly Overvalued.

Key valuation signals for XPRA:PKO:

  • Cyclically Adjusted FCF per Share: Kč21.45
  • GF Value™: Kč427.16 vs. price of Kč674.10 (57.8% above fair value)
  • GF Score™: 81/100 with 7 warning signs

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


PKO Bank Polski Business Description

Address Swietokrzyska 36, Warsaw, POL, 00-116
PKO Bank Polski SA is a universal banking group operating predominantly in Poland. Its various products and service offerings include retail deposits, mortgage loans, consumer finance, corporate deposits, corporate loans, and asset management, among others. The majority of its net revenue is net interest income, overwhelmingly derived from customer loans. Along with its subsidiaries, the company operates in three main segments: Retail, Corporate and Investment, and Transfer Center and Other. Maximum revenue is generated from the Retail segment, which offers various services to individuals as part of retail, private, and mortgage banking, and to legal entities as part of corporate banking.
81GF Score

Get the complete analysis for XPRA:PKO

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

Kč674.10
Price
Kč427.16
GF Value