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Melhus Sparebank (OSL:MELG) Cyclically Adjusted Price-to-FCF : (As of Jun. 06, 2024)


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What is Melhus Sparebank Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Melhus Sparebank Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Melhus Sparebank'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.

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Melhus Sparebank Cyclically Adjusted Price-to-FCF Chart

Melhus Sparebank Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
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Melhus Sparebank Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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Competitive Comparison of Melhus Sparebank's Cyclically Adjusted Price-to-FCF

For the Banks - Regional subindustry, Melhus Sparebank'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.


Melhus Sparebank's Cyclically Adjusted Price-to-FCF Distribution in the Banks Industry

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

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



Melhus Sparebank 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.

Melhus Sparebank's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Melhus Sparebank'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)
=16.095/132.6000*132.6000
=16.095

Current CPI (Mar. 2024) = 132.6000.

Melhus Sparebank Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -9.626 97.500 -13.091
201409 -70.434 98.500 -94.818
201412 -201.482 98.600 -270.959
201503 -20.372 99.200 -27.231
201506 15.908 100.100 21.073
201509 44.763 100.600 59.002
201512 -245.962 100.900 -323.236
201603 -198.911 102.500 -257.323
201606 -226.930 103.800 -289.893
201609 -57.443 104.200 -73.099
201612 119.410 104.400 151.664
201703 -41.263 105.000 -52.109
201706 -97.467 105.800 -122.156
201709 85.250 105.900 106.744
201712 -11.793 106.100 -14.738
201803 -60.550 107.300 -74.827
201806 -43.843 108.500 -53.581
201809 -25.066 109.500 -30.354
201812 29.650 109.800 35.807
201903 22.113 110.400 26.560
201906 -155.365 110.600 -186.269
201909 15.130 111.100 18.058
201912 69.805 111.300 83.164
202003 -24.414 111.200 -29.112
202006 -82.527 112.100 -97.619
202009 -26.015 112.900 -30.554
202012 68.827 112.900 80.837
202103 -107.641 114.600 -124.548
202106 -70.857 115.300 -81.489
202109 63.873 117.500 72.081
202112 -19.689 118.900 -21.958
202203 -90.602 119.800 -100.282
202206 164.851 122.600 178.297
202209 85.157 125.600 89.903
202212 -112.559 125.900 -118.549
202303 170.968 127.600 177.667
202306 -54.827 130.400 -55.752
202309 32.643 129.800 33.347
202312 -74.363 131.900 -74.758
202403 16.095 132.600 16.095

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.


Melhus Sparebank  (OSL:MELG) 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.


Melhus Sparebank Cyclically Adjusted Price-to-FCF Related Terms

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


Melhus Sparebank (OSL:MELG) Business Description

Industry
Traded in Other Exchanges
N/A
Address
Melhus Road 439, Melhus, NOR, 7224
Melhus Sparebank is a savings bank that offers a range of financial services including loans, savings, advice, insurance and pensions to personal and corporate customers. The Bank also offers credit cards, debit cards, structured products, stock savings, mobile banking and online banking services.

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