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American Express CoXSWX:AXP +0.57%79 Cyclically Adjusted Price-to-FCF is 17.05 as of Sep. 14, 2026, which is 31% above its 10-year median of 12.98. GuruFocus rates XSWX:AXP with a GF Score™ of 79/100 and a GF Value™ of CHF280.72 (Fairly Valued). The stock has 3 warning signs investors should review. Among 133 Credit Services companies, American Express Co ranks worse than 69.17% on this metric.
The historical rank and industry rank for American Express Co's Cyclically Adjusted Price-to-FCF or its related term are showing as below:
XSWX:AXP'
s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 7.75 Med: 12.98 Max: 21.5
Current: 17.11
During the past years, American Express Co's highest Cyclically Adjusted Price-to-FCF was 21.50. The lowest was 7.75. And the median was 12.98.
XSWX:AXP's Cyclically Adjusted Price-to-FCF is ranked worse than 69.17% of 133
companies
in the Credit Services industry
Industry Median: 7.8
vs XSWX:AXP: 17.11
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.
American Express Co's adjusted free cash flow per share data for the three months ended in Jun. 2026 was CHF5.265. 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 CHF15.43 for the trailing ten years ended in Jun. 2026.
Shiller PE for Stocks: The True Measure of Stock Valuation
American Express Co (XSWX:AXP) 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.
American Express Co Cyclically Adjusted Price-to-FCF Related Terms
American Express Co Cyclically Adjusted Price-to-FCF Historical Data
* Premium members only.
The historical data trend for American Express Co'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.
American Express Co Cyclically Adjusted Price-to-FCF Chart
XSWX:AXP vs COF, PYPL, AFRM: Cyclically Adjusted Price-to-FCF Comparison
For the Credit Services subindustry, American Express Co'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.
American Express Co Cyclically Adjusted Price-to-FCF vs Credit Services Industry
For the Credit Services industry and Financial Services sector, American Express Co's Cyclically Adjusted Price-to-FCF distribution charts can be found below:
* The bar in red indicates where American Express Co's Cyclically Adjusted Price-to-FCF falls into.
American Express Co 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.
American Express Co's Cyclically Adjusted Price-to-FCF for today is calculated as
* 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.
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.
What does a Cyclically Adjusted Price-to-FCF of 17.05 mean?
American Express Co (XSWX:AXP) has a Cyclically Adjusted Price-to-FCF of 17.05 as of Sep. 14, 2026. Cyclically Adjusted Price-to-FCF Ratio is the ratio of share price to a company's inflation-adjusted FCF per share over a 10-year period. View historical data on American Express Co and its competitors. This is 31% above median its historical median of 12.98. Over the past decade, American Express Co's Cyclically Adjusted Price-to-FCF has ranged from 7.75 to 21.50. According to the industry distribution chart, American Express Co ranks #92 out of 133 companies in the Credit Services industry, placing it in the top 69.2%.
Is American Express Co's Cyclically Adjusted Price-to-FCF too high?
American Express Co's current Cyclically Adjusted Price-to-FCF of 17.05 is 31% above median its 10-year median of 12.98. Over the past 10 years, this metric has ranged from a low of 7.75 to a high of 21.50. The Credit Services industry median Cyclically Adjusted Price-to-FCF is 7.80. American Express Co's value of 17.05 is 118.6% above this industry median. Based on the distribution chart, American Express Co ranks #92 out of 133 companies in the Credit Services industry, which is below the industry midpoint. Overall, American Express Co has a GF Score™ of 79/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does American Express Co's Cyclically Adjusted Price-to-FCF compare to COF and PYPL?
According to the Credit Services industry distribution chart, American Express Co ranks #92 out of 133 companies for Cyclically Adjusted Price-to-FCF. This places American Express Co in the lower half of its industry. The industry median Cyclically Adjusted Price-to-FCF is 7.80. American Express Co's value of 17.05 is 118.6% above this benchmark. Historically, American Express Co's own Cyclically Adjusted Price-to-FCF has ranged from 7.75 to 21.50 over the past decade. While the company's 10-year median is 12.98 vs. the industry median of 7.80, American Express Co has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted Price-to-FCF for a Credit Services company?
The median Cyclically Adjusted Price-to-FCF among Credit Services companies is 7.80, based on 133 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted Price-to-FCF significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted Price-to-FCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. American Express Co's current Cyclically Adjusted Price-to-FCF of 17.05 is 118.6% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted Price-to-FCF mean?
A high Cyclically Adjusted Price-to-FCF can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted Price-to-FCF Ratio is the ratio of share price to a company's inflation-adjusted FCF per share over a 10-year period. View historical data on American Express Co and its competitors. For the Credit Services industry, the median Cyclically Adjusted Price-to-FCF is 7.80 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. American Express Co's current Cyclically Adjusted Price-to-FCF is 17.05, which is 31% above median its own 10-year median of 12.98. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is American Express Co stock overvalued right now?
Based on GuruFocus' analysis, American Express Co (XSWX:AXP) is currently considered Fairly Valued. The stock's GF Value™ is CHF280.72, compared to a current price of CHF263.10 — trading 6.3% below its estimated fair value. The current Cyclically Adjusted Price-to-FCF is 17.05, which is 31% above median its 10-year median of 12.98 and 118.6% above the Credit Services industry median of 7.80. American Express Co's overall GF Score™ is 79/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted Price-to-FCF calculated?
Cyclically Adjusted Price-to-FCF is calculated from a company's financial statements. For American Express Co (XSWX:AXP), the current Cyclically Adjusted Price-to-FCF is 17.05 as of Sep. 14, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is American Express Co (XSWX:AXP) Overvalued in 2026?
Based on GuruFocus' analysis, American Express Co stock appears to be undervalued.
The current stock price of CHF263.10 is trading 6.3% below its estimated GF Value™ of CHF280.72.
GuruFocus considers American Express Co to be Fairly Valued.
Key valuation signals for XSWX:AXP:
Cyclically Adjusted Price-to-FCF: 17.05 (31% above median its 10-year median of 12.98)
GF Value™: CHF280.72 vs. price of CHF263.10 (6.3% below fair value)
Industry Position: 118.6% above the Credit Services median (#92 of 133)
No single metric tells the full story. See the XSWX:AXP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
American Express is a global financial institution, operating in about 130 countries, that provides consumers and businesses charge and credit card payment products. The company also operates a highly profitable merchant payment network. It operates in four segments: US consumer services, US commercial services, international card services, and global merchant and network services. In addition to payment products, the company's commercial business offers expense management tools, consulting services, and business loans.
79GF Score
Get the complete analysis for XSWX:AXP
Cyclically Adjusted Price-to-FCF is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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