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CI Financial (TSX:CIX) Cyclically Adjusted Price-to-FCF : 10.90 (As of Jun. 05, 2025)


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What is CI Financial Cyclically Adjusted Price-to-FCF?

As of today (2025-06-05), CI Financial's current share price is C$31.50. CI Financial's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2025 was C$2.89. CI Financial's Cyclically Adjusted Price-to-FCF for today is 10.90.

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

TSX:CIX' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 4.44   Med: 9.03   Max: 16.76
Current: 10.88

During the past years, CI Financial's highest Cyclically Adjusted Price-to-FCF was 16.76. The lowest was 4.44. And the median was 9.03.

TSX:CIX's Cyclically Adjusted Price-to-FCF is ranked better than
64.26% of 498 companies
in the Asset Management industry
Industry Median: 19.135 vs TSX:CIX: 10.88

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.

CI Financial's adjusted free cash flow per share data for the three months ended in Mar. 2025 was C$0.954. 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 C$2.89 for the trailing ten years ended in Mar. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


CI Financial Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for CI Financial'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.

CI Financial Cyclically Adjusted Price-to-FCF Chart

CI Financial 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 6.70 10.22 4.91 5.32 10.97

CI Financial 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 6.13 5.08 6.50 10.97 10.78

Competitive Comparison of CI Financial's Cyclically Adjusted Price-to-FCF

For the Asset Management subindustry, CI Financial'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.


CI Financial's Cyclically Adjusted Price-to-FCF Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, CI Financial's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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


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CI Financial 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.

CI Financial's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=31.50/2.89
=10.90

* 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.

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

For example, CI Financial'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)
=0.954/129.1809*129.1809
=0.954

Current CPI (Mar. 2025) = 129.1809.

CI Financial Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201506 0.615 100.500 0.791
201509 0.647 100.421 0.832
201512 0.523 99.947 0.676
201603 0.417 101.054 0.533
201606 0.573 102.002 0.726
201609 0.652 101.765 0.828
201612 0.733 101.449 0.933
201703 0.292 102.634 0.368
201706 0.591 103.029 0.741
201709 0.733 103.345 0.916
201712 0.512 103.345 0.640
201803 0.279 105.004 0.343
201806 0.647 105.557 0.792
201809 0.665 105.636 0.813
201812 0.708 105.399 0.868
201903 0.472 106.979 0.570
201906 0.623 107.690 0.747
201909 0.536 107.611 0.643
201912 0.676 107.769 0.810
202003 0.483 107.927 0.578
202006 0.921 108.401 1.098
202009 0.660 108.164 0.788
202012 0.332 108.559 0.395
202103 0.880 110.298 1.031
202106 0.617 111.720 0.713
202109 0.877 112.905 1.003
202112 0.800 113.774 0.908
202203 0.761 117.646 0.836
202206 0.812 120.806 0.868
202209 0.519 120.648 0.556
202212 0.258 120.964 0.276
202303 0.708 122.702 0.745
202306 0.695 124.203 0.723
202309 0.535 125.230 0.552
202312 0.317 125.072 0.327
202403 0.566 126.258 0.579
202406 0.726 127.522 0.735
202409 0.939 127.285 0.953
202412 0.703 127.364 0.713
202503 0.954 129.181 0.954

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.


CI Financial  (TSX:CIX) 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.


CI Financial Cyclically Adjusted Price-to-FCF Related Terms

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


CI Financial Business Description

Traded in Other Exchanges
Address
15 York Street, 2nd Floor, Legal Department, Toronto, ON, CAN, M5J 0A3
CI Financial is a provider of asset- and wealth-management products and services. The company has a decent share in the Canadian fund market (fifth behind Royal Bank of Canada, Toronto-Dominion, IGM Financial, and Fidelity at the end of last year) and remains the second-largest non-bank-affiliated asset manager in the Canadian market, with CAD 135.4 billion in assets under management (including CAD 36.0 billion in AUM managed for its CI Assante Wealth Management, CI Private Counsel, and Aligned Capital Partners subsidiaries) at the end of September. The firm also had CAD 350.7 billion in assets under advisement (including CAD 250.6 billion from its US wealth-management operations and CAD 100.1 billion from its Canadian wealth-management partners) and CAD 31.9 billion in custody assets.
Executives
Brigette Elizabeth Chang Director
Paul Perrow Director
William Thomas Holland Director
Yvette Zhang Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6)
Hoi Sha Elsa Li Director or Senior Officer of 10% Security Holder
Jennifer Francine Sinopoli Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6)
Manisha Burman Senior Officer
Darie Urbanky Senior Officer
Amarjit Kaur Anderson Senior Officer
Julie Lynn Silcox Senior Officer
Kurt Macalpine Director, Senior Officer
Christopher James Enright Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6)
Sean Andrew Etherington Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6)
Marc-andre Lewis Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6)
Amit Muni Senior Officer