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Berkshire Hills Bancorp (Berkshire Hills Bancorp) Cyclically Adjusted Price-to-FCF : 6.72 (As of Apr. 29, 2024)


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What is Berkshire Hills Bancorp Cyclically Adjusted Price-to-FCF?

As of today (2024-04-29), Berkshire Hills Bancorp's current share price is $21.96. Berkshire Hills Bancorp's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was $3.27. Berkshire Hills Bancorp's Cyclically Adjusted Price-to-FCF for today is 6.72.

The historical rank and industry rank for Berkshire Hills Bancorp's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

BHLB' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 3.09   Med: 10.24   Max: 16.32
Current: 6.75

During the past years, Berkshire Hills Bancorp's highest Cyclically Adjusted Price-to-FCF was 16.32. The lowest was 3.09. And the median was 10.24.

BHLB's Cyclically Adjusted Price-to-FCF is ranked better than
55.85% of 838 companies
in the Banks industry
Industry Median: 7.415 vs BHLB: 6.75

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.

Berkshire Hills Bancorp's adjusted free cash flow per share data for the three months ended in Dec. 2023 was $1.217. Add all the adjusted free cash flow per share for the past 10 years together and divide 10 will get our Cyclically Adjusted FCF per Share, which is $3.27 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Berkshire Hills Bancorp Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Berkshire Hills Bancorp's Cyclically Adjusted Price-to-FCF 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.

Berkshire Hills Bancorp Cyclically Adjusted Price-to-FCF Chart

Berkshire Hills Bancorp Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 11.95 5.85 9.24 8.80 7.59

Berkshire Hills Bancorp Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Cyclically Adjusted Price-to-FCF 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 7.26 6.01 6.16 7.59 -

Competitive Comparison of Berkshire Hills Bancorp's Cyclically Adjusted Price-to-FCF

For the Banks - Regional subindustry, Berkshire Hills Bancorp'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.


Berkshire Hills Bancorp's Cyclically Adjusted Price-to-FCF Distribution in the Banks Industry

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

* The bar in red indicates where Berkshire Hills Bancorp's Cyclically Adjusted Price-to-FCF falls into.



Berkshire Hills Bancorp Cyclically Adjusted Price-to-FCF Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted Price-to-FCF takes the Free Cash Flow per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/FCF calculation. Because it considers this 10-year average, it's often referred to as the CAPFCF Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF.

Berkshire Hills Bancorp's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=21.96/3.27
=6.72

* 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.

Berkshire Hills Bancorp's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, Berkshire Hills Bancorp's adjusted Free Cash Flow per Share data for the three months ended in Dec. 2023 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=1.217/129.4194*129.4194
=1.217

Current CPI (Dec. 2023) = 129.4194.

Berkshire Hills Bancorp Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 0.562 99.695 0.730
201406 0.267 100.560 0.344
201409 -0.231 100.428 -0.298
201412 1.308 99.070 1.709
201503 0.115 99.621 0.149
201506 -0.149 100.684 -0.192
201509 1.605 100.392 2.069
201512 1.044 99.792 1.354
201603 0.226 100.470 0.291
201606 0.647 101.688 0.823
201609 0.920 101.861 1.169
201612 1.045 101.863 1.328
201703 1.229 102.862 1.546
201706 -0.924 103.349 -1.157
201709 0.800 104.136 0.994
201712 0.564 104.011 0.702
201803 1.734 105.290 2.131
201806 -0.372 106.317 -0.453
201809 2.359 106.507 2.866
201812 0.884 105.998 1.079
201903 -0.489 107.251 -0.590
201906 -0.154 108.070 -0.184
201909 0.492 108.329 0.588
201912 2.085 108.420 2.489
202003 0.631 108.902 0.750
202006 2.806 108.767 3.339
202009 0.316 109.815 0.372
202012 0.633 109.897 0.745
202103 0.421 111.754 0.488
202106 0.807 114.631 0.911
202109 0.386 115.734 0.432
202112 0.046 117.630 0.051
202203 0.278 121.301 0.297
202206 -0.058 125.017 -0.060
202209 1.722 125.227 1.780
202212 0.506 125.222 0.523
202303 0.830 127.348 0.844
202306 0.545 128.729 0.548
202309 1.007 129.860 1.004
202312 1.217 129.419 1.217

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


Berkshire Hills Bancorp  (NYSE:BHLB) Cyclically Adjusted Price-to-FCF Explanation

Compared with the regular Price-to-Free-Cash-Flow, which works poorly for cyclical businesses, the Cyclically Adjusted Price-to-FCF smoothed out the fluctuations of free cash flow during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted Price-to-FCF should give similar results to regular Price-to-Free-Cash-Flow.


Berkshire Hills Bancorp Cyclically Adjusted Price-to-FCF Related Terms

Thank you for viewing the detailed overview of Berkshire Hills Bancorp's Cyclically Adjusted Price-to-FCF provided by GuruFocus.com. Please click on the following links to see related term pages.


Berkshire Hills Bancorp (Berkshire Hills Bancorp) Business Description

Traded in Other Exchanges
Address
60 State Street, Boston, MA, USA, 02109
Berkshire Hills Bancorp Inc is a holding company. It offers deposit, lending, investment, wealth management, and insurance services.
Executives
Mary Anne Callahan director 24 NORTH STREET, PITTSFIELD MA 01201
Nitin J. Mhatre director, officer: President and CEO 24 NORTH STREET, PITTSFIELD MA 01201
Karyn Polito director 24 NORTH STREET, PITTSFIELD MA 01201
Jacqueline Courtwright officer: EVP,Chief HR & Culture Officer 24 NORTH STREET, PITTSFIELD MA 01201
Kevin Conn officer: SVP, Investors & Corp. Devel 24 NORTH STREET, PITTSFIELD MA 01201
Eric S Rosengren director 24 NORTH STREET, PITTSFIELD MA 01201
Brett Brbovic officer: Sr Managing Dir and CAO 24 NORTH STREET, PITTSFIELD MA 01201
R David Rosato officer: SEVP - Chief Financial Officer 24 NORTH STREET, PITTSFIELD MA 01201
Ashlee Picard Flores officer: EVP -Chief Compliance Officer 24 NORTH STREET, PITTSFIELD MA 01201
James Cannon Brown officer: SEVP-Head of Comm'l Banking 24 NORTH STREET, PITTSFIELD MA 01201
Philip Jurgeleit officer: EVP - Chief Credit Officer 24 NORTH STREET, PITTSFIELD MA 01201
Wm Gordon Prescott officer: SEVP and General Counsel 24 NORTH STREET, PITTSFIELD MA 01201
Michael Zaitzeff director C/O HOLDCO ASSET MANAGEMENT, LP, 441 LEXINGTON AVENUE, 15TH FLOOR, NEW YORK NY 10017
Hughes William H Iii director 24 NORTH STREET, PITTSFIELD MA 01201
Mihir A. Desai director 24 NORTH STREET, PITTSFIELD MA 01201