GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Bank of Nova Scotia (FRA:BKN) » Definitions » Cyclically Adjusted Price-to-FCF

Bank of Nova Scotia (FRA:BKN) Cyclically Adjusted Price-to-FCF : 5.18 (As of Jun. 05, 2025)


View and export this data going back to 2001. Start your Free Trial

What is Bank of Nova Scotia Cyclically Adjusted Price-to-FCF?

As of today (2025-06-05), Bank of Nova Scotia's current share price is €46.61. Bank of Nova Scotia's Cyclically Adjusted FCF per Share for the quarter that ended in Apr. 2025 was €9.00. Bank of Nova Scotia's Cyclically Adjusted Price-to-FCF for today is 5.18.

The historical rank and industry rank for Bank of Nova Scotia's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

FRA:BKN' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 3.34   Med: 9.43   Max: 19.6
Current: 5.13

During the past years, Bank of Nova Scotia's highest Cyclically Adjusted Price-to-FCF was 19.60. The lowest was 3.34. And the median was 9.43.

FRA:BKN's Cyclically Adjusted Price-to-FCF is ranked better than
72.38% of 887 companies
in the Banks industry
Industry Median: 8.71 vs FRA:BKN: 5.13

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.

Bank of Nova Scotia's adjusted free cash flow per share data for the three months ended in Apr. 2025 was €1.205. 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 €9.00 for the trailing ten years ended in Apr. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


Bank of Nova Scotia Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Bank of Nova Scotia'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.

Bank of Nova Scotia Cyclically Adjusted Price-to-FCF Chart

Bank of Nova Scotia Annual Data
Trend Oct15 Oct16 Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23 Oct24
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.85 8.47 6.01 4.34 5.14

Bank of Nova Scotia Quarterly Data
Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25 Apr25
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 5.13 4.61 5.14 5.44 4.84

Competitive Comparison of Bank of Nova Scotia's Cyclically Adjusted Price-to-FCF

For the Banks - Diversified subindustry, Bank of Nova Scotia'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.


Bank of Nova Scotia's Cyclically Adjusted Price-to-FCF Distribution in the Banks Industry

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

* The bar in red indicates where Bank of Nova Scotia's Cyclically Adjusted Price-to-FCF falls into.


;
;

Bank of Nova Scotia 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.

Bank of Nova Scotia's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=46.61/9.00
=5.18

* 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.

Bank of Nova Scotia's Cyclically Adjusted FCF per Share for the quarter that ended in Apr. 2025 is calculated as:

For example, Bank of Nova Scotia's adjusted Free Cash Flow per Share data for the three months ended in Apr. 2025 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Apr. 2025 (Change)*Current CPI (Apr. 2025)
=1.205/129.1809*129.1809
=1.205

Current CPI (Apr. 2025) = 129.1809.

Bank of Nova Scotia Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201507 10.166 100.579 13.057
201510 -2.932 100.500 -3.769
201601 6.930 100.184 8.936
201604 1.388 101.370 1.769
201607 5.893 101.844 7.475
201610 -12.434 102.002 -15.747
201701 3.502 102.318 4.421
201704 -2.260 103.029 -2.834
201707 8.194 103.029 10.274
201710 -0.050 103.424 -0.062
201801 4.699 104.056 5.834
201804 0.903 105.320 1.108
201807 -5.817 106.110 -7.082
201810 9.716 105.952 11.846
201901 -6.102 105.557 -7.468
201904 1.312 107.453 1.577
201907 -3.793 108.243 -4.527
201910 2.131 107.927 2.551
202001 9.449 108.085 11.293
202004 38.122 107.216 45.932
202007 -21.233 108.401 -25.303
202010 4.465 108.638 5.309
202101 3.436 109.192 4.065
202104 -24.970 110.851 -29.099
202107 11.029 112.431 12.672
202110 3.288 113.695 3.736
202201 11.338 114.801 12.758
202204 5.569 118.357 6.078
202207 -6.391 120.964 -6.825
202210 -1.573 121.517 -1.672
202301 9.398 121.596 9.984
202304 -7.187 123.571 -7.513
202307 13.026 124.914 13.471
202310 2.615 125.310 2.696
202401 1.205 125.072 1.245
202404 -0.576 126.890 -0.586
202407 3.799 128.075 3.832
202410 3.793 127.838 3.833
202501 2.538 127.443 2.573
202504 1.205 129.181 1.205

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.


Bank of Nova Scotia  (FRA:BKN) 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.


Bank of Nova Scotia Cyclically Adjusted Price-to-FCF Related Terms

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


Bank of Nova Scotia Business Description

Industry
Traded in Other Exchanges
Address
1709 Hollis Street, Scotia Plaza, 8th floor, Halifax, NS, CAN, B3J 1W1
Bank of Nova Scotia is a global financial services provider with over CAD 1.4 trillion in assets. The bank has four major business segments: Canadian banking, international banking, global wealth management, and global banking and markets. It offers a range of advice, products, and services, including personal and commercial banking, wealth management and private banking, corporate and investment banking, and capital markets. The bank's international operations span numerous countries and are more concentrated in the Latin America region.

Bank of Nova Scotia Headlines