GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Zenith Bank PLC (NSA:ZENITH) » Definitions » Cyclically Adjusted Price-to-FCF

Zenith Bank (NSA:ZENITH) Cyclically Adjusted Price-to-FCF : 3.00 (As of Jun. 06, 2025)


View and export this data going back to 2004. Start your Free Trial

What is Zenith Bank Cyclically Adjusted Price-to-FCF?

As of today (2025-06-06), Zenith Bank's current share price is ₦50.75. Zenith Bank's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2025 was ₦16.93. Zenith Bank's Cyclically Adjusted Price-to-FCF for today is 3.00.

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

NSA:ZENITH' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 2.49   Med: 4.62   Max: 47.43
Current: 2.89

During the past years, Zenith Bank's highest Cyclically Adjusted Price-to-FCF was 47.43. The lowest was 2.49. And the median was 4.62.

NSA:ZENITH's Cyclically Adjusted Price-to-FCF is ranked better than
84.57% of 888 companies
in the Banks industry
Industry Median: 8.665 vs NSA:ZENITH: 2.89

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.

Zenith Bank's adjusted free cash flow per share data for the three months ended in Mar. 2025 was ₦20.243. 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 ₦16.93 for the trailing ten years ended in Mar. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


Zenith Bank Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Zenith Bank'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.

Zenith Bank Cyclically Adjusted Price-to-FCF Chart

Zenith Bank 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 - 15.18 4.89 3.33 3.19

Zenith Bank 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 3.69 2.78 2.55 3.19 2.78

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

For the Banks - Regional subindustry, Zenith Bank'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.


Zenith Bank's Cyclically Adjusted Price-to-FCF Distribution in the Banks Industry

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

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


;
;

Zenith Bank 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=50.75/16.93
=3.00

* 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.

Zenith Bank's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2025 is calculated as:

For example, Zenith Bank'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)
=20.243/134.9266*134.9266
=20.243

Current CPI (Mar. 2025) = 134.9266.

Zenith Bank Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201506 -6.206 100.684 -8.317
201509 1.132 100.392 1.521
201512 -6.580 99.792 -8.897
201603 -3.689 100.470 -4.954
201606 -2.734 101.688 -3.628
201609 -4.006 101.861 -5.306
201612 9.430 101.863 12.491
201703 -0.005 102.862 -0.007
201706 -6.281 103.349 -8.200
201709 0.377 104.136 0.488
201712 5.025 104.011 6.519
201803 4.670 105.290 5.985
201806 -8.227 106.317 -10.441
201809 0.569 106.507 0.721
201812 4.725 105.998 6.015
201903 -0.301 107.251 -0.379
201906 3.648 108.070 4.555
201909 2.844 108.329 3.542
201912 2.466 108.420 3.069
202003 22.091 108.902 27.370
202006 -20.229 108.767 -25.094
202009 3.604 109.815 4.428
202012 -0.096 109.897 -0.118
202103 -0.496 111.754 -0.599
202106 30.240 114.631 35.594
202109 -24.402 115.734 -28.449
202112 5.352 117.630 6.139
202203 0.772 121.301 0.859
202206 12.006 125.017 12.958
202209 23.435 125.227 25.250
202212 -1.126 125.222 -1.213
202303 4.916 127.348 5.209
202306 25.727 128.729 26.966
202309 5.115 129.860 5.315
202312 39.772 129.419 41.464
202403 -1.935 131.776 -1.981
202406 5.112 132.554 5.204
202409 15.252 133.029 15.470
202412 -0.447 133.157 -0.453
202503 20.243 134.927 20.243

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.


Zenith Bank  (NSA:ZENITH) 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.


Zenith Bank Cyclically Adjusted Price-to-FCF Related Terms

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


Zenith Bank Business Description

Industry
Traded in Other Exchanges
N/A
Address
Plot 84/87, Ajose Adeogun Street, Zenith Heights, Victoria Island, Lagos, NGA
Zenith Bank PLC is a Nigeria- based company. Its core business is the provision of banking and other financial services to corporate and individual customers. The bank provides services such as granting of loans and advances, corporate finance and money market activities. It also provides banking and pension custodial services to a diverse group of corporations, financial institutions, investment funds, governments and individuals; provision of investment advisory, financial planning services and investment product offerings; providing brokerage services, financing services and securities lending services to institutional clients, including mutual funds, pension funds and to high-net-worth individuals. Revenue generated by bank consists of interest income, fees and commission received.

Zenith Bank Headlines

No Headlines