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Bank Of China (SHSE:601988) Cyclically Adjusted Price-to-FCF : 5.34 (As of Jun. 06, 2025)


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What is Bank Of China Cyclically Adjusted Price-to-FCF?

As of today (2025-06-06), Bank Of China's current share price is ¥5.45. Bank Of China's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2025 was ¥1.02. Bank Of China's Cyclically Adjusted Price-to-FCF for today is 5.34.

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

SHSE:601988' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 2.82   Med: 3.9   Max: 7.73
Current: 5.37

During the past years, Bank Of China's highest Cyclically Adjusted Price-to-FCF was 7.73. The lowest was 2.82. And the median was 3.90.

SHSE:601988's Cyclically Adjusted Price-to-FCF is ranked better than
70.83% of 888 companies
in the Banks industry
Industry Median: 8.665 vs SHSE:601988: 5.37

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 China's adjusted free cash flow per share data for the three months ended in Mar. 2025 was ¥-0.151. 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 ¥1.02 for the trailing ten years ended in Mar. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


Bank Of China Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Bank Of China'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 China Cyclically Adjusted Price-to-FCF Chart

Bank Of China 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 3.75 2.93 3.42 3.77 4.64

Bank Of China 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 4.92 5.38 5.23 4.64 5.52

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

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

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

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


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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=5.45/1.02
=5.34

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

For example, Bank Of China'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)
=-0.151/115.1156*115.1156
=-0.151

Current CPI (Mar. 2025) = 115.1156.

Bank Of China Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201506 0.861 99.500 0.996
201509 -0.409 100.500 -0.468
201512 0.395 100.600 0.452
201603 -0.497 102.200 -0.560
201606 0.628 101.400 0.713
201609 -0.265 102.400 -0.298
201612 0.710 102.600 0.797
201703 1.214 103.200 1.354
201706 0.805 103.100 0.899
201709 -0.707 104.100 -0.782
201712 0.008 104.500 0.009
201803 1.229 105.300 1.344
201806 -0.118 104.900 -0.129
201809 0.600 106.600 0.648
201812 0.244 106.500 0.264
201903 -0.807 107.700 -0.863
201906 0.467 107.700 0.499
201909 -1.481 109.800 -1.553
201912 0.195 111.200 0.202
202003 1.382 112.300 1.417
202006 -0.960 110.400 -1.001
202009 -0.287 111.700 -0.296
202012 0.020 111.500 0.021
202103 1.912 112.662 1.954
202106 0.317 111.769 0.326
202109 -0.830 112.215 -0.851
202112 1.230 113.108 1.252
202203 -1.082 114.335 -1.089
202206 0.536 114.558 0.539
202209 -0.652 115.339 -0.651
202212 0.895 115.116 0.895
202303 1.597 115.116 1.597
202306 0.400 114.558 0.402
202309 -0.538 115.339 -0.537
202312 1.067 114.781 1.070
202403 0.002 115.227 0.002
202406 -0.212 114.781 -0.213
202409 0.748 115.785 0.744
202412 1.199 114.893 1.201
202503 -0.151 115.116 -0.151

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 China  (SHSE:601988) 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 China Cyclically Adjusted Price-to-FCF Related Terms

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


Bank Of China Business Description

Industry
Address
No. 1 Fuxingmen Nei Dajie, Xicheng District, Beijing, CHN, 100818
Bank of China was founded in 1912 and has its headquarters in Beijing. The bank has evolved as a central bank, international exchange bank, and state-owned bank specializing in foreign trade business. BOC was listed on the Hong Kong and Shanghai stock exchanges in 2006. It provides a comprehensive range of financial services to customers across Greater China and overseas. Central Huijin, a Chinese state-owned investment company and BOC's largest shareholder, controls 64%. BOC has the most extensive global reach among Chinese banks, with operations in 64 countries and regions.

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