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Bank of Montreal (FRA:BZZ) Cyclically Adjusted Price-to-FCF : 4.57 (As of Apr. 30, 2024)


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What is Bank of Montreal Cyclically Adjusted Price-to-FCF?

As of today (2024-04-30), Bank of Montreal's current share price is €84.60. Bank of Montreal's Cyclically Adjusted FCF per Share for the quarter that ended in Jan. 2024 was €18.51. Bank of Montreal's Cyclically Adjusted Price-to-FCF for today is 4.57.

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

FRA:BZZ' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 3.4   Med: 12.59   Max: 672.07
Current: 4.64

During the past years, Bank of Montreal's highest Cyclically Adjusted Price-to-FCF was 672.07. The lowest was 3.40. And the median was 12.59.

FRA:BZZ's Cyclically Adjusted Price-to-FCF is ranked better than
71.04% of 839 companies
in the Banks industry
Industry Median: 7.42 vs FRA:BZZ: 4.64

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 Montreal's adjusted free cash flow per share data for the three months ended in Jan. 2024 was €16.911. 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 €18.51 for the trailing ten years ended in Jan. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Bank of Montreal Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Bank of Montreal'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 Montreal Cyclically Adjusted Price-to-FCF Chart

Bank of Montreal Annual Data
Trend Oct14 Oct15 Oct16 Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 10.70 4.25 5.19 4.83 4.05

Bank of Montreal Quarterly Data
Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24
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 4.99 5.24 5.02 4.05 4.77

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

For the Banks - Diversified subindustry, Bank of Montreal'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 Montreal's Cyclically Adjusted Price-to-FCF Distribution in the Banks Industry

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

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



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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=84.60/18.51
=4.57

* 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 Montreal's Cyclically Adjusted FCF per Share for the quarter that ended in Jan. 2024 is calculated as:

For example, Bank of Montreal's adjusted Free Cash Flow per Share data for the three months ended in Jan. 2024 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Jan. 2024 (Change)*Current CPI (Jan. 2024)
=16.911/125.4675*125.4675
=16.911

Current CPI (Jan. 2024) = 125.4675.

Bank of Montreal Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201404 -0.100 98.920 -0.127
201407 0.142 99.315 0.179
201410 -13.331 99.473 -16.815
201501 10.600 98.209 13.542
201504 1.037 99.710 1.305
201507 4.831 100.579 6.026
201510 -13.765 100.500 -17.185
201601 9.299 100.184 11.646
201604 -3.366 101.370 -4.166
201607 0.728 101.844 0.897
201610 -10.695 102.002 -13.155
201701 8.567 102.318 10.505
201704 -0.805 103.029 -0.980
201707 -0.456 103.029 -0.555
201710 -4.673 103.424 -5.669
201801 8.149 104.056 9.826
201804 -1.068 105.320 -1.272
201807 6.450 106.110 7.627
201810 3.783 105.952 4.480
201901 6.315 105.557 7.506
201904 -5.010 107.453 -5.850
201907 9.643 108.243 11.177
201910 18.172 107.927 21.125
202001 11.345 108.085 13.169
202004 33.885 107.216 39.653
202007 23.676 108.401 27.403
202010 -16.790 108.638 -19.391
202101 19.549 109.192 22.463
202104 24.852 110.851 28.129
202107 -11.187 112.431 -12.484
202110 10.510 113.695 11.598
202201 -25.690 114.801 -28.077
202204 13.609 118.357 14.427
202207 -2.623 120.964 -2.721
202210 18.704 121.517 19.312
202301 19.423 121.596 20.041
202304 -23.602 123.571 -23.964
202307 9.848 124.914 9.892
202310 2.897 125.310 2.901
202401 16.911 125.468 16.911

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 Montreal  (FRA:BZZ) 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 Montreal Cyclically Adjusted Price-to-FCF Related Terms

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


Bank of Montreal (FRA:BZZ) Business Description

Industry
Address
129 rue Saint-Jacques, Montreal, QC, CAN, H2Y 1L6
Bank of Montreal is a diversified financial-services provider based in North America, operating four business segments: Canadian personal and commercial banking, U.S. P&C banking, wealth management, and capital markets. The bank's operations are primarily in Canada, with a material portion also in the U.S.

Bank of Montreal (FRA:BZZ) Headlines

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