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JPMorgan Chase (XTER:CMC) Cyclically Adjusted Price-to-FCF : (As of Jun. 26, 2025)


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What is JPMorgan Chase Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


JPMorgan Chase Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for JPMorgan Chase'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.

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JPMorgan Chase Cyclically Adjusted Price-to-FCF Chart

JPMorgan Chase 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 15.08 18.42 11.29 18.92 36.62

JPMorgan Chase 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 59.71 41.67 88.89 36.62 -

Competitive Comparison of JPMorgan Chase's Cyclically Adjusted Price-to-FCF

For the Banks - Diversified subindustry, JPMorgan Chase'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.


JPMorgan Chase's Cyclically Adjusted Price-to-FCF Distribution in the Banks Industry

For the Banks industry and Financial Services sector, JPMorgan Chase's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

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


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JPMorgan Chase 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.

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

For example, JPMorgan Chase'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)
=-82.481/134.9266*134.9266
=-82.481

Current CPI (Mar. 2025) = 134.9266.

JPMorgan Chase Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201506 4.117 100.684 5.517
201509 6.009 100.392 8.076
201512 3.837 99.792 5.188
201603 -5.138 100.470 -6.900
201606 -0.366 101.688 -0.486
201609 1.018 101.861 1.348
201612 10.555 101.863 13.981
201703 -5.810 102.862 -7.621
201706 1.007 103.349 1.315
201709 -1.154 104.136 -1.495
201712 3.017 104.011 3.914
201803 -8.183 105.290 -10.486
201806 8.893 106.317 11.286
201809 3.330 106.507 4.219
201812 0.486 105.998 0.619
201903 -21.637 107.251 -27.220
201906 -3.761 108.070 -4.696
201909 4.534 108.329 5.647
201912 23.678 108.420 29.467
202003 -35.050 108.902 -43.426
202006 23.899 108.767 29.647
202009 -4.045 109.815 -4.970
202012 -7.474 109.897 -9.176
202103 -11.969 111.754 -14.451
202106 3.692 114.631 4.346
202109 6.599 115.734 7.693
202112 25.260 117.630 28.974
202203 -12.768 121.301 -14.202
202206 21.054 125.017 22.723
202209 -6.200 125.227 -6.680
202212 32.202 125.222 34.698
202303 -34.951 127.348 -37.031
202306 5.906 128.729 6.190
202309 14.419 129.860 14.982
202312 18.919 129.419 19.724
202403 -48.690 131.776 -49.854
202406 12.345 132.554 12.566
202409 -23.290 133.029 -23.622
202412 49.644 133.157 50.304
202503 -82.481 134.927 -82.481

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.


JPMorgan Chase  (XTER:CMC) 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.


JPMorgan Chase Cyclically Adjusted Price-to-FCF Related Terms

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


JPMorgan Chase Business Description

Industry
Address
383 Madison Avenue, New York, NY, USA, 10179
JPMorgan Chase is one of the largest and most complex financial institutions in the United States, with nearly $4 trillion in assets. It is organized into four major segments: consumer and community banking, corporate and investment banking, commercial banking, and asset and wealth management. JPMorgan operates, and is subject to regulation, in multiple countries.