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As of today (2025-01-18), Western Asset Intermediate Muni Fd's current share price is $7.85. Western Asset Intermediate Muni Fd's Cyclically Adjusted FCF per Share for the fiscal year that ended in Nov23 was $0.38. Western Asset Intermediate Muni Fd's Cyclically Adjusted Price-to-FCF for today is 20.66.
The historical rank and industry rank for Western Asset Intermediate Muni Fd's Cyclically Adjusted Price-to-FCF or its related term are showing as below:
During the past 13 years, Western Asset Intermediate Muni Fd's highest Cyclically Adjusted Price-to-FCF was 26.11. The lowest was 18.37. And the median was 21.32.
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.
Western Asset Intermediate Muni Fd's adjusted free cash flow per share data of for the fiscal year that ended in Nov23 was $0.243. 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 $0.38 for the trailing ten years ended in Nov23.
The historical data trend for Western Asset Intermediate Muni Fd'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.
Western Asset Intermediate Muni Fd Annual Data | |||||||||||||||||||||
Trend | Nov14 | Nov15 | Nov16 | Nov17 | Nov18 | Nov19 | Nov20 | Nov21 | Nov22 | Nov23 | |||||||||||
Cyclically Adjusted Price-to-FCF | Get a 7-Day Free Trial | 23.17 | 23.70 | 25.96 | 20.16 | 19.79 |
Western Asset Intermediate Muni Fd Semi-Annual Data | ||||||||||||||||||||
Nov14 | May15 | Nov15 | May16 | Nov16 | May17 | Nov17 | May18 | Nov18 | May19 | Nov19 | May20 | Nov20 | May21 | Nov21 | May22 | Nov22 | May23 | Nov23 | May24 | |
Cyclically Adjusted Price-to-FCF | Get a 7-Day Free Trial | - | 20.16 | - | 19.79 | - |
For the Asset Management subindustry, Western Asset Intermediate Muni Fd'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.
For the Asset Management industry and Financial Services sector, Western Asset Intermediate Muni Fd's Cyclically Adjusted Price-to-FCF distribution charts can be found below:
* The bar in red indicates where Western Asset Intermediate Muni Fd's Cyclically Adjusted Price-to-FCF falls into.
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.
Western Asset Intermediate Muni Fd's Cyclically Adjusted Price-to-FCF for today is calculated as
Cyclically Adjusted Price-to-FCF | = | Share Price | / | Cyclically Adjusted FCF per Share |
= | 7.85 | / | 0.38 | |
= | 20.66 |
* 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.
Western Asset Intermediate Muni Fd's Cyclically Adjusted FCF per Share for the fiscal year that ended in Nov23 is calculated as:
For example, Western Asset Intermediate Muni Fd's adjusted Free Cash Flow per Share data for the fiscal year that ended in Nov23 was:
Adj_FreeCashFlowPerShare | = | Free Cash Flow per Share | / | CPI of Nov23 (Change) | * | Current CPI (Nov23) |
= | 0.243 | / | 129.5481 | * | 129.5481 | |
= | 0.243 |
Current CPI (Nov23) = 129.5481.
Western Asset Intermediate Muni Fd Annual Data
Free Cash Flow per Share | CPI | Adj_FreeCashFlowPerShare | |
201411 | 0.000 | 99.635 | 0.000 |
201511 | 0.165 | 100.135 | 0.213 |
201611 | 0.483 | 101.829 | 0.614 |
201711 | 0.399 | 104.072 | 0.497 |
201811 | 0.532 | 106.338 | 0.648 |
201911 | 0.335 | 108.519 | 0.400 |
202011 | 0.285 | 109.793 | 0.336 |
202111 | 0.177 | 117.269 | 0.196 |
202211 | 0.247 | 125.607 | 0.255 |
202311 | 0.243 | 129.548 | 0.243 |
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.
Western Asset Intermediate Muni Fd (NYSE:SBI) 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.
Thank you for viewing the detailed overview of Western Asset Intermediate Muni Fd's Cyclically Adjusted Price-to-FCF provided by GuruFocus.com. Please click on the following links to see related term pages.
Oliveira Marc De | officer: Secretary/Chief Legal Officer | C/O LEGG MASON & CO. LLC, ONE FIRST STAMFORD PLACE, STAMFORD CT 06902 |
Bank Of America Na | 10 percent owner, other: Former 10% Owner | 100 N. TRYON STREET, CHARLOTTE NC 28255 |
Hoffmann Courtney A. | other: Secretary/GC Subadviser | WESTERN ASSET MANAGEMENT COMPANY, LLC, 385 EAST COLORADO BOULEVARD, PASADENA CA 91101 |
Andrew J. Bowden | other: COO/Subadviser | WESTERN ASSET MANAGEMENT COMPANY, LLC, 385 EAST COLORADO BOULEVARD, PASADENA CA 91101 |
Laura F Fergerson | other: Manager/Investment Manager | 3310 QUALITY DRIVE, 2ND FLOOR, RANCHO CORDOVA CA 95670 |
Brian Eakes | other: Manager/Investment Manager | 100 INTERNATIONAL DRIVE, BALTIMORE MD 21202 |
George P. Hoyt | officer: Secretary and Ch Lgl Officer | C/O FRANKLIN TEMPLETON, 100 FIRST STAMFORD PLACE, STAMFORD CT 06902 |
Matthew Nicholls | other: Director of Sub-Adviser | ONE FRANKLIN PARKWAY, SAN MATEO CA 94403 |
Jennifer M Johnson | other: Director of Sub-Adviser | C/O FRANKLIN RESOURCES, INC., ONE FRANKLIN PARKWAY, SAN MATEO CA 94403-1906 |
Jed A. Plafker | other: Director of Sub-Adviser | ONE FRANKLIN PARKWAY, SAN MATEO CA 94403 |
Fred Steven Jensen | officer: Chief Compliance Officer | LEGG MASON, 620 EIGHTH AVENUE, 49TH FLOOR, NEW YORK NY 10018 |
Robert D Agdern | director | C/O LEGG MASON, 620 EIGHTH AVENUE, 49TH FLOOR, NEW YORK NY 10018 |
Christopher Berarducci | officer: Treas/Principal Finan Officer | LEGG MASON, 620 EIGHTH AVENUE, NEW YORK NY 10018 |
Eileen A Kamerick | director | 200 NORTH ADAMS STREET, GREEN BAY WI 54301 |
Nisha Kumar | director | 1735 MARKET STREET, 32ND FLOOR, PHILADELPHIA PA 19103 |
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