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Commerzbank AG (Commerzbank AG) Cyclically Adjusted Price-to-FCF : (As of Apr. 27, 2024)


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What is Commerzbank AG Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Commerzbank AG Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Commerzbank AG'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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Commerzbank AG Cyclically Adjusted Price-to-FCF Chart

Commerzbank AG Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
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Commerzbank AG Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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Competitive Comparison of Commerzbank AG's Cyclically Adjusted Price-to-FCF

For the Banks - Regional subindustry, Commerzbank AG'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.


Commerzbank AG's Cyclically Adjusted Price-to-FCF Distribution in the Banks Industry

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

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



Commerzbank AG 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.

Commerzbank AG's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, Commerzbank AG's adjusted Free Cash Flow per Share data for the three months ended in Dec. 2023 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=0/123.6675*123.6675
=0.000

Current CPI (Dec. 2023) = 123.6675.

Commerzbank AG Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 -4.253 99.543 -5.284
201406 1.298 99.543 1.613
201409 3.731 99.823 4.622
201412 2.398 99.543 2.979
201503 1.620 99.717 2.009
201506 12.194 100.417 15.017
201509 -11.220 100.417 -13.818
201512 10.413 99.717 12.914
201603 -10.999 100.017 -13.600
201606 -3.705 100.717 -4.549
201609 6.384 101.017 7.815
201612 12.796 101.217 15.634
201703 10.741 101.417 13.098
201706 6.944 102.117 8.409
201709 0.841 102.717 1.013
201712 -0.760 102.617 -0.916
201803 -1.274 102.917 -1.531
201806 2.383 104.017 2.833
201809 1.376 104.718 1.625
201812 -2.852 104.217 -3.384
201903 7.117 104.217 8.445
201906 4.371 105.718 5.113
201909 -10.509 106.018 -12.259
201912 -10.264 105.818 -11.995
202003 12.851 105.718 15.033
202006 23.666 106.618 27.451
202009 0.325 105.818 0.380
202012 -7.484 105.518 -8.771
202103 0.000 107.518 0.000
202106 0.000 108.486 0.000
202109 0.000 109.435 0.000
202112 0.000 110.384 0.000
202203 0.000 113.968 0.000
202206 0.000 115.760 0.000
202209 0.000 118.818 0.000
202212 0.000 119.345 0.000
202303 0.000 122.402 0.000
202306 0.000 123.140 0.000
202309 0.000 124.195 0.000
202312 0.000 123.668 0.000

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.


Commerzbank AG  (OTCPK:CRZBF) 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.


Commerzbank AG Cyclically Adjusted Price-to-FCF Related Terms

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


Commerzbank AG (Commerzbank AG) Business Description

Industry
Address
Kaiserplatz, Frankfurt, HE, DEU, 60261
Commerzbank operates primarily in Europe. Germany contributes about 70% to total income. The bank operates two business segments: private and small-business customers as well as corporate clients. In its private and small-business segment, the group runs its branch business, a mobile bank with a focus on the Polish market, an online broker, and an asset manager for physical assets. Its corporate client business provides cash management and trade finance solutions to small and medium-size enterprises and large corporates.

Commerzbank AG (Commerzbank AG) Headlines

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