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Sparebanken Vest AS (OSL:SVEG) Cyclically Adjusted Price-to-FCF : 5.85 (As of Jun. 14, 2024)


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What is Sparebanken Vest AS Cyclically Adjusted Price-to-FCF?

As of today (2024-06-14), Sparebanken Vest AS's current share price is kr125.58. Sparebanken Vest AS's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was kr21.47. Sparebanken Vest AS's Cyclically Adjusted Price-to-FCF for today is 5.85.

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

OSL:SVEG' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 4.75   Med: 6.4   Max: 492
Current: 5.9

During the past years, Sparebanken Vest AS's highest Cyclically Adjusted Price-to-FCF was 492.00. The lowest was 4.75. And the median was 6.40.

OSL:SVEG's Cyclically Adjusted Price-to-FCF is ranked better than
61.47% of 828 companies
in the Banks industry
Industry Median: 7.23 vs OSL:SVEG: 5.90

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.

Sparebanken Vest AS's adjusted free cash flow per share data for the three months ended in Mar. 2024 was kr13.609. 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 kr21.47 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Sparebanken Vest AS Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Sparebanken Vest AS'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.

Sparebanken Vest AS Cyclically Adjusted Price-to-FCF Chart

Sparebanken Vest AS Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 418.12 8.31 6.23 5.15 5.17

Sparebanken Vest AS Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 5.14 5.38 5.86 5.17 5.42

Competitive Comparison of Sparebanken Vest AS's Cyclically Adjusted Price-to-FCF

For the Banks - Regional subindustry, Sparebanken Vest AS'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.


Sparebanken Vest AS's Cyclically Adjusted Price-to-FCF Distribution in the Banks Industry

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

* The bar in red indicates where Sparebanken Vest AS's Cyclically Adjusted Price-to-FCF falls into.



Sparebanken Vest AS 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.

Sparebanken Vest AS's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=125.58/21.47
=5.85

* 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.

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

For example, Sparebanken Vest AS'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)
=13.609/132.6000*132.6000
=13.609

Current CPI (Mar. 2024) = 132.6000.

Sparebanken Vest AS Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 3.670 97.500 4.991
201409 12.127 98.500 16.325
201412 -16.040 98.600 -21.571
201503 9.899 99.200 13.232
201506 2.154 100.100 2.853
201509 8.199 100.600 10.807
201512 3.219 100.900 4.230
201603 1.203 102.500 1.556
201606 2.247 103.800 2.870
201609 7.793 104.200 9.917
201612 -0.373 104.400 -0.474
201703 -0.017 105.000 -0.021
201706 2.027 105.800 2.540
201709 8.907 105.900 11.153
201712 1.033 106.100 1.291
201803 2.612 107.300 3.228
201806 7.206 108.500 8.807
201809 8.482 109.500 10.271
201812 6.629 109.800 8.006
201903 3.040 110.400 3.651
201906 5.313 110.600 6.370
201909 10.918 111.100 13.031
201912 -7.110 111.300 -8.471
202003 3.019 111.200 3.600
202006 4.486 112.100 5.306
202009 5.322 112.900 6.251
202012 2.031 112.900 2.385
202103 1.765 114.600 2.042
202106 4.016 115.300 4.619
202109 5.430 117.500 6.128
202112 8.074 118.900 9.004
202203 5.206 119.800 5.762
202206 5.561 122.600 6.015
202209 9.405 125.600 9.929
202212 0.876 125.900 0.923
202303 9.311 127.600 9.676
202306 11.814 130.400 12.013
202309 14.025 129.800 14.328
202312 -1.523 131.900 -1.531
202403 13.609 132.600 13.609

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.


Sparebanken Vest AS  (OSL:SVEG) 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.


Sparebanken Vest AS Cyclically Adjusted Price-to-FCF Related Terms

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


Sparebanken Vest AS (OSL:SVEG) Business Description

Industry
Traded in Other Exchanges
Address
Jonsvollsgaten 2, Bergen, NOR, NO-5011
Sparebanken Vest AS is a financial services company engaged in providing banking and financial services to private and corporate sectors. The company's operating segments are the Corporate Market (CM), the Retail Market (RM), Bulder Bank, Treasury, and Estate Agency activities in which its Retail market segment generates the majority of its revenue.

Sparebanken Vest AS (OSL:SVEG) Headlines

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