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Bank of Montreal (Bank of Montreal) Cyclically Adjusted Price-to-FCF : 4.82 (As of May. 15, 2024)


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What is Bank of Montreal Cyclically Adjusted Price-to-FCF?

As of today (2024-05-15), Bank of Montreal's current share price is $95.22. Bank of Montreal's Cyclically Adjusted FCF per Share for the quarter that ended in Jan. 2024 was $19.76. Bank of Montreal's Cyclically Adjusted Price-to-FCF for today is 4.82.

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

BMO' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 3.4   Med: 12.59   Max: 672.07
Current: 4.85

During the past years, Bank of Montreal's highest Cyclically Adjusted Price-to-FCF was 672.07. The lowest was 3.40. And the median was 12.59.

BMO's Cyclically Adjusted Price-to-FCF is ranked better than
70.35% of 833 companies
in the Banks industry
Industry Median: 7.55 vs BMO: 4.85

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.

Bank of Montreal's adjusted free cash flow per share data for the three months ended in Jan. 2024 was $18.421. 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 $19.76 for the trailing ten years ended in Jan. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Bank of Montreal Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Bank of Montreal'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.

Bank of Montreal Cyclically Adjusted Price-to-FCF Chart

Bank of Montreal Annual Data
Trend Oct14 Oct15 Oct16 Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 10.70 4.25 5.19 4.83 4.05

Bank of Montreal Quarterly Data
Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24
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 4.99 5.24 5.02 4.05 4.77

Competitive Comparison of Bank of Montreal's Cyclically Adjusted Price-to-FCF

For the Banks - Diversified subindustry, Bank of Montreal'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.


Bank of Montreal's Cyclically Adjusted Price-to-FCF Distribution in the Banks Industry

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

* The bar in red indicates where Bank of Montreal's Cyclically Adjusted Price-to-FCF falls into.



Bank of Montreal 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.

Bank of Montreal's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=95.22/19.76
=4.82

* 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.

Bank of Montreal's Cyclically Adjusted FCF per Share for the quarter that ended in Jan. 2024 is calculated as:

For example, Bank of Montreal's adjusted Free Cash Flow per Share data for the three months ended in Jan. 2024 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Jan. 2024 (Change)*Current CPI (Jan. 2024)
=18.421/125.4675*125.4675
=18.421

Current CPI (Jan. 2024) = 125.4675.

Bank of Montreal Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201404 -0.138 98.920 -0.175
201407 0.192 99.315 0.243
201410 -16.896 99.473 -21.311
201501 12.311 98.209 15.728
201504 1.122 99.710 1.412
201507 5.314 100.579 6.629
201510 -15.449 100.500 -19.287
201601 10.096 100.184 12.644
201604 -3.820 101.370 -4.728
201607 0.805 101.844 0.992
201610 -11.779 102.002 -14.489
201701 9.113 102.318 11.175
201704 -0.863 103.029 -1.051
201707 -0.526 103.029 -0.641
201710 -5.492 103.424 -6.663
201801 9.938 104.056 11.983
201804 -1.310 105.320 -1.561
201807 7.536 106.110 8.911
201810 4.348 105.952 5.149
201901 7.209 105.557 8.569
201904 -5.630 107.453 -6.574
201907 10.810 108.243 12.530
201910 20.102 107.927 23.369
202001 12.592 108.085 14.617
202004 36.831 107.216 43.101
202007 27.214 108.401 31.498
202010 -19.753 108.638 -22.813
202101 23.811 109.192 27.360
202104 29.727 110.851 33.647
202107 -13.223 112.431 -14.756
202110 12.192 113.695 13.454
202201 -29.061 114.801 -31.761
202204 14.696 118.357 15.579
202207 -2.668 120.964 -2.767
202210 18.427 121.517 19.026
202301 20.930 121.596 21.596
202304 -25.879 123.571 -26.276
202307 10.894 124.914 10.942
202310 3.059 125.310 3.063
202401 18.421 125.468 18.421

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.


Bank of Montreal  (NYSE:BMO) 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.


Bank of Montreal Cyclically Adjusted Price-to-FCF Related Terms

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


Bank of Montreal (Bank of Montreal) Business Description

Industry
Address
129 rue Saint-Jacques, Montreal, QC, CAN, H2Y 1L6
Bank of Montreal is a diversified financial-services provider based in North America, operating four business segments: Canadian personal and commercial banking, U.S. P&C banking, wealth management, and capital markets. The bank's operations are primarily in Canada, with a material portion also in the U.S.
Executives
Vinita Lee Piper director 712 WILCREST, SUITE 3020, HOUSTON TX 77042