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JPMorgan Chase (BSP:JPMC34) Cyclically Adjusted Price-to-FCF : 61.67 (As of May. 27, 2024)


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

As of today (2024-05-27), JPMorgan Chase's current share price is R$103.60. JPMorgan Chase's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was R$1.68. JPMorgan Chase's Cyclically Adjusted Price-to-FCF for today is 61.67.

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

BSP:JPMC34' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 6.57   Med: 12.57   Max: 95.77
Current: 59.84

During the past years, JPMorgan Chase's highest Cyclically Adjusted Price-to-FCF was 95.77. The lowest was 6.57. And the median was 12.57.

BSP:JPMC34's Cyclically Adjusted Price-to-FCF is ranked worse than
97.71% of 831 companies
in the Banks industry
Industry Median: 7.36 vs BSP:JPMC34: 59.84

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.

JPMorgan Chase's adjusted free cash flow per share data for the three months ended in Mar. 2024 was R$-26.355. 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 R$1.68 for the trailing ten years ended in Mar. 2024.

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.

* Premium members only.

JPMorgan Chase Cyclically Adjusted Price-to-FCF Chart

JPMorgan Chase Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 12.98 15.08 18.42 11.29 18.92

JPMorgan Chase Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 17.00 24.08 21.61 18.92 59.71

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.



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 Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=103.60/1.68
=61.67

* 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.

JPMorgan Chase's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, JPMorgan Chase's adjusted Free Cash Flow per Share data for the three months ended in Mar. 2024 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=-26.355/131.7762*131.7762
=-26.355

Current CPI (Mar. 2024) = 131.7762.

JPMorgan Chase Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -0.256 100.560 -0.335
201409 -0.151 100.428 -0.198
201412 2.017 99.070 2.683
201503 1.244 99.621 1.646
201506 1.438 100.684 1.882
201509 2.632 100.392 3.455
201512 1.622 99.792 2.142
201603 -2.116 100.470 -2.775
201606 -0.141 101.688 -0.183
201609 0.372 101.861 0.481
201612 3.734 101.863 4.831
201703 -1.943 102.862 -2.489
201706 0.373 103.349 0.476
201709 -0.431 104.136 -0.545
201712 1.176 104.011 1.490
201803 -3.309 105.290 -4.141
201806 3.918 106.317 4.856
201809 1.596 106.507 1.975
201812 0.215 105.998 0.267
201903 -9.390 107.251 -11.537
201906 -1.639 108.070 -1.999
201909 2.057 108.329 2.502
201912 10.799 108.420 13.125
202003 -18.924 108.902 -22.899
202006 13.964 108.767 16.918
202009 -2.573 109.815 -3.088
202012 -4.678 109.897 -5.609
202103 -8.030 111.754 -9.469
202106 2.237 114.631 2.572
202109 4.099 115.734 4.667
202112 16.141 117.630 18.082
202203 -6.998 121.301 -7.602
202206 11.234 125.017 11.841
202209 -3.219 125.227 -3.387
202212 17.893 125.222 18.830
202303 -19.491 127.348 -20.169
202306 3.106 128.729 3.180
202309 7.600 129.860 7.712
202312 10.109 129.419 10.293
202403 -26.355 131.776 -26.355

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  (BSP:JPMC34) 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 (BSP:JPMC34) 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.

JPMorgan Chase (BSP:JPMC34) Headlines

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