Atos Bank a.d. (XBLB:ZPKB-R-A) Cyclically Adjusted Price-to-FCF: (As of Aug. 11, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

What is Atos Bank a.d. Cyclically Adjusted Price-to-FCF?

Note: If the price history is too short, we do not calculate current Cyclically Adjusted Price-to-FCF for this stock. All the historical data is shown as the company's primary share's data instead.

Shiller PE for Stocks: The True Measure of Stock Valuation


Atos Bank a.d.  (XBLB:ZPKB-R-A) 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.


Atos Bank a.d. Cyclically Adjusted Price-to-FCF Related Terms


Atos Bank a.d. Cyclically Adjusted Price-to-FCF Historical Data

* Premium members only.

The historical data trend for Atos Bank a.d.'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.

Atos Bank a.d. Cyclically Adjusted Price-to-FCF Chart

Atos Bank a.d. Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 0.00

Atos Bank a.d. Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
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 0.00 0.00 0.00 0.00 0.00

XBLB:ZPKB-R-A vs LCHTF: Cyclically Adjusted Price-to-FCF Comparison

For the Banks - Regional subindustry, Atos Bank a.d.'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.


Atos Bank a.d. Cyclically Adjusted Price-to-FCF vs Banks Industry

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

* The bar in red indicates where Atos Bank a.d.'s Cyclically Adjusted Price-to-FCF falls into.



Atos Bank a.d. 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.

Atos Bank a.d.'s Cyclically Adjusted FCF per Share for the fiscal year that ended in Dec25 is calculated as:

For example, Atos Bank a.d.'s adjusted Free Cash Flow per Share data for the fiscal year that ended in Dec25 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Dec25 (Change)*Current CPI (Dec25)
=1826.226/324.0540*324.0540
=1,826.226

Current CPI (Dec25) = 324.0540.

Atos Bank a.d. Annual Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201612 -34.113 241.432 -45.787
201712 1,293.839 246.524 1,700.742
201812 358.500 251.233 462.413
201912 122.548 256.974 154.538
202012 138.613 260.474 172.448
202112 1,858.210 278.802 2,159.814
202212 -120.774 296.797 -131.866
202312 -993.903 306.746 -1,049.984
202412 -452.065 315.605 -464.167
202512 1,826.226 324.054 1,826.226

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.


Atos Bank a.d. Business Description

Address Jevrejska 71 Street, Banja Luka, BIH, 78000
Atos Bank a.d. operates in the finance and banking sector. It offers various banking services including accounts and payments, package accounts, savings, and cards. The bank also offers online banking, mobile banking, and automated teller machine (ATM) services.