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PNC Financial Services Group (BSP:PNCS34) Cyclically Adjusted Price-to-FCF : 9.31 (As of Jun. 01, 2024)


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What is PNC Financial Services Group Cyclically Adjusted Price-to-FCF?

As of today (2024-06-01), PNC Financial Services Group's current share price is R$312.63. PNC Financial Services Group's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was R$33.57. PNC Financial Services Group's Cyclically Adjusted Price-to-FCF for today is 9.31.

The historical rank and industry rank for PNC Financial Services Group's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

BSP:PNCS34' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 7.01   Med: 9.88   Max: 16.32
Current: 9.07

During the past years, PNC Financial Services Group's highest Cyclically Adjusted Price-to-FCF was 16.32. The lowest was 7.01. And the median was 9.88.

BSP:PNCS34's Cyclically Adjusted Price-to-FCF is ranked worse than
61.57% of 830 companies
in the Banks industry
Industry Median: 7.35 vs BSP:PNCS34: 9.07

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.

PNC Financial Services Group's adjusted free cash flow per share data for the three months ended in Mar. 2024 was R$10.943. 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$33.57 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


PNC Financial Services Group Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for PNC Financial Services Group'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.

PNC Financial Services Group Cyclically Adjusted Price-to-FCF Chart

PNC Financial Services Group 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 12.68 11.70 14.39 10.26 9.07

PNC Financial Services Group 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 8.01 7.56 7.76 9.07 9.31

Competitive Comparison of PNC Financial Services Group's Cyclically Adjusted Price-to-FCF

For the Banks - Regional subindustry, PNC Financial Services Group'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.


PNC Financial Services Group's Cyclically Adjusted Price-to-FCF Distribution in the Banks Industry

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

* The bar in red indicates where PNC Financial Services Group's Cyclically Adjusted Price-to-FCF falls into.



PNC Financial Services Group 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.

PNC Financial Services Group's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=312.63/33.57
=9.31

* 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.

PNC Financial Services Group's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, PNC Financial Services Group'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)
=10.943/131.7762*131.7762
=10.943

Current CPI (Mar. 2024) = 131.7762.

PNC Financial Services Group Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 3.215 100.560 4.213
201409 2.416 100.428 3.170
201412 2.500 99.070 3.325
201503 0.772 99.621 1.021
201506 4.137 100.684 5.415
201509 7.420 100.392 9.740
201512 7.213 99.792 9.525
201603 1.007 100.470 1.321
201606 1.650 101.688 2.138
201609 5.031 101.861 6.509
201612 4.091 101.863 5.292
201703 5.054 102.862 6.475
201706 2.127 103.349 2.712
201709 8.091 104.136 10.239
201712 2.966 104.011 3.758
201803 10.064 105.290 12.596
201806 6.459 106.317 8.006
201809 5.120 106.507 6.335
201812 8.943 105.998 11.118
201903 5.900 107.251 7.249
201906 9.567 108.070 11.666
201909 2.796 108.329 3.401
201912 14.562 108.420 17.699
202003 -3.954 108.902 -4.785
202006 18.433 108.767 22.332
202009 2.491 109.815 2.989
202012 11.657 109.897 13.978
202103 5.159 111.754 6.083
202106 8.332 114.631 9.578
202109 9.449 115.734 10.759
202112 23.190 117.630 25.979
202203 -5.859 121.301 -6.365
202206 16.045 125.017 16.913
202209 21.703 125.227 22.838
202212 26.137 125.222 27.505
202303 12.153 127.348 12.576
202306 19.705 128.729 20.171
202309 0.710 129.860 0.720
202312 29.716 129.419 30.257
202403 10.943 131.776 10.943

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.


PNC Financial Services Group  (BSP:PNCS34) 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.


PNC Financial Services Group Cyclically Adjusted Price-to-FCF Related Terms

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


PNC Financial Services Group (BSP:PNCS34) Business Description

Traded in Other Exchanges
Address
300 Fifth Avenue, The Tower at PNC Plaza, Pittsburgh, PA, USA, 15222-2401
PNC Financial Services Group is a diversified financial services company offering retail banking, corporate and institutional banking, asset management, and residential mortgage banking across the United States.

PNC Financial Services Group (BSP:PNCS34) Headlines

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