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The Travelers (STU:PA9) Cyclically Adjusted Price-to-FCF : 8.84 (As of May. 27, 2024)


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What is The Travelers Cyclically Adjusted Price-to-FCF?

As of today (2024-05-27), The Travelers's current share price is €196.20. The Travelers's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was €22.20. The Travelers's Cyclically Adjusted Price-to-FCF for today is 8.84.

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

STU:PA9' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 7   Med: 11.22   Max: 14.88
Current: 8.8

During the past years, The Travelers's highest Cyclically Adjusted Price-to-FCF was 14.88. The lowest was 7.00. And the median was 11.22.

STU:PA9's Cyclically Adjusted Price-to-FCF is ranked better than
61.15% of 314 companies
in the Insurance industry
Industry Median: 11.28 vs STU:PA9: 8.80

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.

The Travelers's adjusted free cash flow per share data for the three months ended in Mar. 2024 was €5.782. 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 €22.20 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


The Travelers Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for The Travelers'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.

The Travelers Cyclically Adjusted Price-to-FCF Chart

The Travelers 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 10.86 9.62 8.71 9.03 8.12

The Travelers 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 8.02 7.88 7.11 8.12 9.49

Competitive Comparison of The Travelers's Cyclically Adjusted Price-to-FCF

For the Insurance - Property & Casualty subindustry, The Travelers'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.


The Travelers's Cyclically Adjusted Price-to-FCF Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, The Travelers's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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



The Travelers 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.

The Travelers's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=196.20/22.2
=8.84

* 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.

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

For example, The Travelers'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)
=5.782/131.7762*131.7762
=5.782

Current CPI (Mar. 2024) = 131.7762.

The Travelers Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 1.327 100.560 1.739
201409 4.213 100.428 5.528
201412 1.288 99.070 1.713
201503 0.567 99.621 0.750
201506 1.894 100.684 2.479
201509 5.154 100.392 6.765
201512 2.306 99.792 3.045
201603 2.562 100.470 3.360
201606 1.343 101.688 1.740
201609 5.442 101.861 7.040
201612 4.707 101.863 6.089
201703 2.808 102.862 3.597
201706 2.880 103.349 3.672
201709 5.251 104.136 6.645
201712 2.033 104.011 2.576
201803 1.640 105.290 2.053
201806 3.612 106.317 4.477
201809 5.537 106.507 6.851
201812 3.134 105.998 3.896
201903 2.136 107.251 2.624
201906 3.870 108.070 4.719
201909 6.940 108.329 8.442
201912 4.907 108.420 5.964
202003 2.221 108.902 2.688
202006 5.873 108.767 7.115
202009 7.766 109.815 9.319
202012 6.130 109.897 7.350
202103 3.934 111.754 4.639
202106 6.063 114.631 6.970
202109 8.643 115.734 9.841
202112 6.087 117.630 6.819
202203 4.717 121.301 5.124
202206 5.395 125.017 5.687
202209 10.546 125.227 11.098
202212 5.358 125.222 5.638
202303 4.032 127.348 4.172
202306 6.224 128.729 6.371
202309 12.350 129.860 12.532
202312 8.341 129.419 8.493
202403 5.782 131.776 5.782

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.


The Travelers  (STU:PA9) 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.


The Travelers Cyclically Adjusted Price-to-FCF Related Terms

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


The Travelers (STU:PA9) Business Description

Address
485 Lexington Avenue, New York, NY, USA, 10017
Travelers offers a broad product range and participates in both commercial and personal insurance lines. Its commercial operations offer a variety of coverage types for companies of any size but concentrate on serving midsize businesses. Its personal lines are roughly evenly split between auto and homeowners insurance. Travelers derives 6% of its premiums from foreign markets.

The Travelers (STU:PA9) Headlines

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