GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Bursa De Valori Bucuresti SA (BSE:BVB) » Definitions » Cyclically Adjusted Price-to-FCF

Bursa De Valori Bucuresti (BSE:BVB) Cyclically Adjusted Price-to-FCF : 37.44 (As of Jun. 23, 2024)


View and export this data going back to 2010. Start your Free Trial

What is Bursa De Valori Bucuresti Cyclically Adjusted Price-to-FCF?

As of today (2024-06-23), Bursa De Valori Bucuresti's current share price is lei64.40. Bursa De Valori Bucuresti's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was lei1.72. Bursa De Valori Bucuresti's Cyclically Adjusted Price-to-FCF for today is 37.44.

The historical rank and industry rank for Bursa De Valori Bucuresti's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

BSE:BVB' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 28.29   Med: 37.34   Max: 42.73
Current: 37.41

During the past years, Bursa De Valori Bucuresti's highest Cyclically Adjusted Price-to-FCF was 42.73. The lowest was 28.29. And the median was 37.34.

BSE:BVB's Cyclically Adjusted Price-to-FCF is ranked worse than
72.31% of 242 companies
in the Capital Markets industry
Industry Median: 18.415 vs BSE:BVB: 37.41

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.

Bursa De Valori Bucuresti's adjusted free cash flow per share data for the three months ended in Mar. 2024 was lei1.048. 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 lei1.72 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Bursa De Valori Bucuresti Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Bursa De Valori Bucuresti'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.

Bursa De Valori Bucuresti Cyclically Adjusted Price-to-FCF Chart

Bursa De Valori Bucuresti 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 - - - - 40.41

Bursa De Valori Bucuresti 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 29.85 32.47 38.13 40.41 37.41

Competitive Comparison of Bursa De Valori Bucuresti's Cyclically Adjusted Price-to-FCF

For the Financial Data & Stock Exchanges subindustry, Bursa De Valori Bucuresti'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.


Bursa De Valori Bucuresti's Cyclically Adjusted Price-to-FCF Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Bursa De Valori Bucuresti's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Bursa De Valori Bucuresti's Cyclically Adjusted Price-to-FCF falls into.



Bursa De Valori Bucuresti 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.

Bursa De Valori Bucuresti's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=64.40/1.72
=37.44

* 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.

Bursa De Valori Bucuresti's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Bursa De Valori Bucuresti's adjusted Free Cash Flow per Share data for the three months ended in Mar. 2024 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=1.048/131.7762*131.7762
=1.048

Current CPI (Mar. 2024) = 131.7762.

Bursa De Valori Bucuresti Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.000 100.560 0.000
201409 0.000 100.428 0.000
201412 0.000 99.070 0.000
201503 0.480 99.621 0.635
201506 10.256 100.684 13.423
201509 -3.429 100.392 -4.501
201512 -2.528 99.792 -3.338
201603 -0.490 100.470 -0.643
201606 0.278 101.688 0.360
201609 -0.161 101.861 -0.208
201612 0.728 101.863 0.942
201703 0.029 102.862 0.037
201706 0.511 103.349 0.652
201709 0.022 104.136 0.028
201712 0.166 104.011 0.210
201803 0.434 105.290 0.543
201806 0.539 106.317 0.668
201809 -0.119 106.507 -0.147
201812 0.105 105.998 0.131
201903 0.119 107.251 0.146
201906 0.246 108.070 0.300
201909 0.323 108.329 0.393
201912 0.081 108.420 0.098
202003 0.229 108.902 0.277
202006 0.490 108.767 0.594
202009 0.238 109.815 0.286
202012 0.051 109.897 0.061
202103 0.259 111.754 0.305
202106 0.560 114.631 0.644
202109 0.068 115.734 0.077
202112 -0.013 117.630 -0.015
202203 0.598 121.301 0.650
202206 0.244 125.017 0.257
202209 0.317 125.227 0.334
202212 -0.149 125.222 -0.157
202303 0.442 127.348 0.457
202306 -0.098 128.729 -0.100
202309 1.897 129.860 1.925
202312 -0.440 129.419 -0.448
202403 1.048 131.776 1.048

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.


Bursa De Valori Bucuresti  (BSE:BVB) 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.


Bursa De Valori Bucuresti Cyclically Adjusted Price-to-FCF Related Terms

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


Bursa De Valori Bucuresti (BSE:BVB) Business Description

Traded in Other Exchanges
N/A
Address
34-36 Carol I Boulevard, 13th-14th Floor, District 2, Bucharest, ROU, 020922
Bursa De Valori Bucuresti SA is engaged in the management of the financial markets. The company's segment includes Capital markets, Post-trading services, Registry services, FCI services and Other services. Capital markets segment includes trading of securities and financial instruments transactions on regulated markets. Post-trading services include services provided after a transaction is completed and the bank account is debited, and the securities are transferred to the portfolio. Registry services include storage and updating of the registry of stakeholders for the listed companies. FCI services and other services are related to the investor's compensation scheme. Majority of revenue is generated from Trading services.

Bursa De Valori Bucuresti (BSE:BVB) Headlines

No Headlines