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Life & Banc Split (TSX:LBS) Cyclically Adjusted Price-to-FCF : (As of Apr. 30, 2024)


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What is Life & Banc Split Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Life & Banc Split Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Life & Banc Split'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.

Life & Banc Split Cyclically Adjusted Price-to-FCF Chart

Life & Banc Split Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
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Life & Banc Split Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
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Competitive Comparison of Life & Banc Split's Cyclically Adjusted Price-to-FCF

For the Asset Management subindustry, Life & Banc Split'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.


Life & Banc Split's Cyclically Adjusted Price-to-FCF Distribution in the Asset Management Industry

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

* The bar in red indicates where Life & Banc Split's Cyclically Adjusted Price-to-FCF falls into.



Life & Banc Split 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.

Life & Banc Split's Cyclically Adjusted FCF per Share for the fiscal year that ended in Dec23 is calculated as:

For example, Life & Banc Split's adjusted Free Cash Flow per Share data for the fiscal year that ended in Dec23 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Dec23 (Change)*Current CPI (Dec23)
=-1.534/125.4675*125.4675
=-1.534

Current CPI (Dec23) = 125.4675.

Life & Banc Split Annual Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201412 1.235 98.367 1.575
201512 -2.399 99.947 -3.012
201612 1.189 101.449 1.471
201712 -2.407 103.345 -2.922
201812 -1.681 105.399 -2.001
201912 0.261 107.769 0.304
202012 0.695 108.559 0.803
202112 -0.570 113.774 -0.629
202212 -1.951 120.964 -2.024
202312 -1.534 125.468 -1.534

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.


Life & Banc Split  (TSX:LBS) 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.


Life & Banc Split Cyclically Adjusted Price-to-FCF Related Terms

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Life & Banc Split (TSX:LBS) Business Description

Traded in Other Exchanges
Address
181 Bay Street, Brookfield Place, Suite 2930, P.O. Box 793, Bay Wellington Tower, Toronto, ON, CAN, M5J 2T3
Life & Banc Split Corp is a mutual fund company. Its investment objectives are to provide holders of preferred shares with fixed cumulative preferential quarterly cash distributions and to return the original issue price on the maturity date and to provide holders of Class A shares with regular monthly cash distributions and the opportunity for capital appreciation. Primarily, it invests in a portfolio comprising of common shares of Canadian banks and publicly traded Canadian life insurance companies.

Life & Banc Split (TSX:LBS) Headlines

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