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Raymond James Financial (BSP:R1JF34) Cyclically Adjusted Price-to-FCF : 26.20 (As of May. 19, 2024)


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What is Raymond James Financial Cyclically Adjusted Price-to-FCF?

As of today (2024-05-19), Raymond James Financial's current share price is R$322.00. Raymond James Financial's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was R$12.29. Raymond James Financial's Cyclically Adjusted Price-to-FCF for today is 26.20.

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

BSP:R1JF34' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 10.09   Med: 22.17   Max: 53.29
Current: 24.06

During the past years, Raymond James Financial's highest Cyclically Adjusted Price-to-FCF was 53.29. The lowest was 10.09. And the median was 22.17.

BSP:R1JF34's Cyclically Adjusted Price-to-FCF is ranked worse than
59.23% of 233 companies
in the Capital Markets industry
Industry Median: 19.04 vs BSP:R1JF34: 24.06

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.

Raymond James Financial's adjusted free cash flow per share data for the three months ended in Mar. 2024 was R$3.990. 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$12.29 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Raymond James Financial Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Raymond James Financial'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.

Raymond James Financial Cyclically Adjusted Price-to-FCF Chart

Raymond James Financial Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 37.36 11.93 14.43 14.74 20.70

Raymond James Financial 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 18.76 21.72 20.70 22.02 24.44

Competitive Comparison of Raymond James Financial's Cyclically Adjusted Price-to-FCF

For the Capital Markets subindustry, Raymond James Financial'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.


Raymond James Financial's Cyclically Adjusted Price-to-FCF Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Raymond James Financial's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Raymond James Financial's Cyclically Adjusted Price-to-FCF falls into.



Raymond James Financial 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.

Raymond James Financial's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=322.00/12.29
=26.20

* 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.

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

For example, Raymond James Financial'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)
=3.99/131.7762*131.7762
=3.990

Current CPI (Mar. 2024) = 131.7762.

Raymond James Financial Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 1.579 100.560 2.069
201409 0.219 100.428 0.287
201412 1.373 99.070 1.826
201503 0.892 99.621 1.180
201506 0.440 100.684 0.576
201509 3.663 100.392 4.808
201512 1.907 99.792 2.518
201603 -2.834 100.470 -3.717
201606 -0.089 101.688 -0.115
201609 -4.272 101.861 -5.527
201612 5.594 101.863 7.237
201703 1.302 102.862 1.668
201706 1.965 103.349 2.505
201709 -10.561 104.136 -13.364
201712 2.859 104.011 3.622
201803 1.100 105.290 1.377
201806 -3.433 106.317 -4.255
201809 5.725 106.507 7.083
201812 1.740 105.998 2.163
201903 -2.109 107.251 -2.591
201906 -1.468 108.070 -1.790
201909 6.226 108.329 7.574
201912 4.931 108.420 5.993
202003 27.265 108.902 32.992
202006 -3.896 108.767 -4.720
202009 17.974 109.815 21.569
202012 23.269 109.897 27.902
202103 -16.256 111.754 -19.168
202106 16.295 114.631 18.732
202109 56.337 115.734 64.146
202112 -30.697 117.630 -34.389
202203 12.780 121.301 13.884
202206 66.858 125.017 70.473
202209 -53.707 125.227 -56.516
202212 -37.639 125.222 -39.609
202303 -7.913 127.348 -8.188
202306 -2.723 128.729 -2.787
202309 4.428 129.860 4.493
202312 5.649 129.419 5.752
202403 3.990 131.776 3.990

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.


Raymond James Financial  (BSP:R1JF34) 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.


Raymond James Financial Cyclically Adjusted Price-to-FCF Related Terms

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


Raymond James Financial (BSP:R1JF34) Business Description

Traded in Other Exchanges
Address
880 Carillon Parkway, Saint Petersburg, FL, USA, 33716
Raymond James Financial is a financial holding company whose major operations include wealth management, investment banking, asset management, and commercial banking. The company supports more than 8,000 employee and independent contractor financial advisors across the United States, Canada, and the United Kingdom with over $1.2 trillion of assets under administration as of September 2023. Approximately 90% of the company's revenue is from the U.S. and 70% is from the company's wealth-management segment.

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