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


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What is HDFC Bank Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


HDFC Bank Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for HDFC Bank'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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HDFC Bank Cyclically Adjusted Price-to-FCF Chart

HDFC Bank Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Cyclically Adjusted Price-to-FCF
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HDFC Bank Quarterly Data
Sep14 Mar15 Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Dec22 Mar23 Dec23
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Competitive Comparison of HDFC Bank's Cyclically Adjusted Price-to-FCF

For the Banks - Regional subindustry, HDFC Bank'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.


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

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

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



HDFC Bank 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.

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

For example, HDFC Bank'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)
=0/153.2548*153.2548
=0.000

Current CPI (Dec. 2023) = 153.2548.

HDFC Bank Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
200806 0.000 53.554 0.000
200809 0.000 55.850 0.000
200812 0.000 56.232 0.000
200903 0.000 56.615 0.000
200906 0.000 58.527 0.000
200909 0.000 62.353 0.000
200912 0.000 64.648 0.000
201003 0.000 65.030 0.000
201006 0.000 66.560 0.000
201009 0.000 68.473 0.000
201012 0.000 70.768 0.000
201103 0.000 70.768 0.000
201106 0.000 72.298 0.000
201109 0.000 75.359 0.000
201112 0.000 75.359 0.000
201203 0.000 76.889 0.000
201209 0.000 82.244 0.000
201303 0.000 85.687 0.000
201309 0.000 91.042 0.000
201403 0.000 91.425 0.000
201409 0.000 96.780 0.000
201503 0.000 97.163 0.000
201509 0.000 101.753 0.000
201603 0.000 102.518 0.000
201609 0.000 105.961 0.000
201703 0.000 105.196 0.000
201709 0.000 109.021 0.000
201803 0.000 109.786 0.000
201809 0.000 115.142 0.000
201903 0.000 118.202 0.000
201909 0.000 123.175 0.000
202003 0.000 124.705 0.000
202009 0.000 130.118 0.000
202103 0.000 131.771 0.000
202109 0.000 135.847 0.000
202203 0.000 138.822 0.000
202209 0.000 144.661 0.000
202212 0.000 145.763 0.000
202303 0.000 146.865 0.000
202312 0.000 153.255 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.


HDFC Bank  (NYSE:HDB) 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.


HDFC Bank Cyclically Adjusted Price-to-FCF Related Terms

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HDFC Bank (HDFC Bank) Business Description

Industry
Address
Senapati Bapat Marg, HDFC Bank House, Lower Parel (West), Mumbai, MH, IND, 400 013
HDFC Bank Ltd is a large, publicly traded Indian bank. There are three units: retail banking, wholesale banking, and treasury. Retail banking services are offered through numerous branches and ATMs. Wholesale focuses on Indian corporations, and the treasury unit offers risk-management services, such as foreign exchange trading.

HDFC Bank (HDFC Bank) Headlines

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