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FMCB (Farmers & Merchants Bancorp) Cyclically Adjusted Price-to-FCF : 10.33 (As of May. 25, 2025)


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What is Farmers & Merchants Bancorp Cyclically Adjusted Price-to-FCF?

As of today (2025-05-25), Farmers & Merchants Bancorp's current share price is $1000.50. Farmers & Merchants Bancorp's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2025 was $96.85. Farmers & Merchants Bancorp's Cyclically Adjusted Price-to-FCF for today is 10.33.

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

FMCB' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 10.12   Med: 16.05   Max: 20.23
Current: 10.33

During the past years, Farmers & Merchants Bancorp's highest Cyclically Adjusted Price-to-FCF was 20.23. The lowest was 10.12. And the median was 16.05.

FMCB's Cyclically Adjusted Price-to-FCF is ranked worse than
62.25% of 890 companies
in the Banks industry
Industry Median: 8.67 vs FMCB: 10.33

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.

Farmers & Merchants Bancorp's adjusted free cash flow per share data for the three months ended in Mar. 2025 was $55.539. 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 $96.85 for the trailing ten years ended in Mar. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


Farmers & Merchants Bancorp Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Farmers & Merchants 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.

Farmers & Merchants Bancorp Cyclically Adjusted Price-to-FCF Chart

Farmers & Merchants Bancorp Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 14.81 16.56 15.18 13.41 11.62

Farmers & Merchants Bancorp Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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 12.06 11.05 10.65 11.62 10.33

Competitive Comparison of Farmers & Merchants Bancorp's Cyclically Adjusted Price-to-FCF

For the Banks - Regional subindustry, Farmers & Merchants 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.


Farmers & Merchants Bancorp's Cyclically Adjusted Price-to-FCF Distribution in the Banks Industry

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

* The bar in red indicates where Farmers & Merchants Bancorp's Cyclically Adjusted Price-to-FCF falls into.


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Farmers & Merchants 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.

Farmers & Merchants Bancorp's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=1000.50/96.85
=10.33

* 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.

Farmers & Merchants Bancorp's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2025 is calculated as:

For example, Farmers & Merchants Bancorp's adjusted Free Cash Flow per Share data for the three months ended in Mar. 2025 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=55.539/134.9266*134.9266
=55.539

Current CPI (Mar. 2025) = 134.9266.

Farmers & Merchants Bancorp Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201506 9.452 100.684 12.667
201509 83.475 100.392 112.191
201512 -56.702 99.792 -76.665
201603 8.321 100.470 11.175
201606 4.596 101.688 6.098
201609 12.244 101.861 16.219
201612 16.581 101.863 21.963
201703 10.922 102.862 14.327
201706 -2.269 103.349 -2.962
201709 19.635 104.136 25.441
201712 15.760 104.011 20.444
201803 9.756 105.290 12.502
201806 18.995 106.317 24.107
201809 21.987 106.507 27.854
201812 15.690 105.998 19.972
201903 23.518 107.251 29.587
201906 19.943 108.070 24.899
201909 24.062 108.329 29.970
201912 15.508 108.420 19.299
202003 23.878 108.902 29.584
202006 8.266 108.767 10.254
202009 10.972 109.815 13.481
202012 20.398 109.897 25.044
202103 36.609 111.754 44.200
202106 -2.354 114.631 -2.771
202109 30.380 115.734 35.418
202112 8.649 117.630 9.921
202203 36.319 121.301 40.399
202206 28.476 125.017 30.733
202209 32.954 125.227 35.507
202212 27.648 125.222 29.791
202303 52.461 127.348 55.583
202306 30.222 128.729 31.677
202309 35.469 129.860 36.853
202312 -1.957 129.419 -2.040
202403 46.198 131.776 47.302
202406 26.829 132.554 27.309
202409 47.251 133.029 47.925
202412 17.424 133.157 17.656
202503 55.539 134.927 55.539

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.


Farmers & Merchants Bancorp  (OTCPK:FMCB) 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.


Farmers & Merchants Bancorp Cyclically Adjusted Price-to-FCF Related Terms

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


Farmers & Merchants Bancorp Business Description

Traded in Other Exchanges
N/A
Address
111 W. Pine Street, Lodi, CA, USA, 95240
Farmers & Merchants Bancorp is a bank holding company. The bank offers services such as checking accounts, savings accounts, money market accounts, online banking, and other banking services.
Executives
Calvin J Seuss director 1249 S. AVENA, LODI CA 95240
Craig W. James director 111 W. PINE ST., LODI CA 95240
Kyle Koelbel officer: Executive Vice President 121 W. PINE STREET, LODI CA 95240
Jay J Colombini officer: Executive Vice President 111 W. PINE ST., LODI CA 95240
David Zitterow officer: Executive Vice President 111 W. PINE ST, LODI CA 95240
J. Ryan Misasi officer: Executive Vice President 111 W. PINE ST., LODI CA 95240
Bart R Olson officer: Executive Vice President PACWEST BANCORP, 9701 WILSHIRE BOULEVARD, SUITE 700, BEVERLY HILLS CA 90212
John W Weubbe officer: Executive Vice President 121 W PINE STREET, LODI CA 95240
Kevin Sanguinetti director
Edward Jr Corum director 1005 12TH ST, SUITE 6, SACRAMENTO CA 95814
Mark K Olson officer: Executive Vice President 121 W. PINE STREET, 20 EAST CARRILLO STREET, LODI CA 95240
Terrence A Young director 111 W. PINE ST., LODI CA 95240
Steven K. Green director 111 W. PINE ST., LODI CA 95240
Gary J. Long director 320 LINCOLN CENTER, STOCKTON CA 95027
Deborah E Hodkin officer: Executive Vice President 1919 CRYSTALWOOD LN, LODI CA 95242