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Farmers & Merchants Bancorp (Farmers & Merchants Bancorp) Cyclically Adjusted Price-to-FCF : 10.64 (As of May. 24, 2024)


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What is Farmers & Merchants Bancorp Cyclically Adjusted Price-to-FCF?

As of today (2024-05-24), Farmers & Merchants Bancorp's current share price is $22.03. Farmers & Merchants Bancorp's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was $2.07. Farmers & Merchants Bancorp's Cyclically Adjusted Price-to-FCF for today is 10.64.

The historical rank and industry rank for Farmers & Merchants Bancorp's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

FMAO' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 5.61   Med: 13.11   Max: 32.74
Current: 10.79

During the past years, Farmers & Merchants Bancorp's highest Cyclically Adjusted Price-to-FCF was 32.74. The lowest was 5.61. And the median was 13.11.

FMAO's Cyclically Adjusted Price-to-FCF is ranked worse than
72.85% of 836 companies
in the Banks industry
Industry Median: 7.485 vs FMAO: 10.79

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.

Farmers & Merchants Bancorp's adjusted free cash flow per share data for the three months ended in Mar. 2024 was $0.094. 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 $2.07 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Farmers & Merchants Bancorp Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Farmers & Merchants Bancorp'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.

Farmers & Merchants Bancorp Cyclically Adjusted Price-to-FCF Chart

Farmers & Merchants Bancorp 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 19.75 13.92 17.53 12.87 12.06

Farmers & Merchants Bancorp 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 11.68 10.89 8.47 12.06 10.78

Competitive Comparison of Farmers & Merchants Bancorp's Cyclically Adjusted Price-to-FCF

For the Banks - Regional subindustry, Farmers & Merchants Bancorp'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.


Farmers & Merchants Bancorp's Cyclically Adjusted Price-to-FCF Distribution in the Banks Industry

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

* The bar in red indicates where Farmers & Merchants Bancorp's Cyclically Adjusted Price-to-FCF falls into.



Farmers & Merchants Bancorp 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.

Farmers & Merchants Bancorp's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=22.03/2.07
=10.64

* 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.

Farmers & Merchants Bancorp's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Farmers & Merchants Bancorp'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)
=0.094/131.7762*131.7762
=0.094

Current CPI (Mar. 2024) = 131.7762.

Farmers & Merchants Bancorp Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.557 100.560 0.730
201409 0.302 100.428 0.396
201412 0.640 99.070 0.851
201503 0.194 99.621 0.257
201506 0.199 100.684 0.260
201509 0.545 100.392 0.715
201512 0.491 99.792 0.648
201603 0.181 100.470 0.237
201606 0.093 101.688 0.121
201609 0.571 101.861 0.739
201612 0.251 101.863 0.325
201703 0.567 102.862 0.726
201706 0.291 103.349 0.371
201709 0.305 104.136 0.386
201712 0.551 104.011 0.698
201803 -0.196 105.290 -0.245
201806 0.908 106.317 1.125
201809 0.135 106.507 0.167
201812 0.036 105.998 0.045
201903 0.645 107.251 0.792
201906 0.347 108.070 0.423
201909 0.569 108.329 0.692
201912 0.282 108.420 0.343
202003 0.383 108.902 0.463
202006 0.250 108.767 0.303
202009 0.642 109.815 0.770
202012 0.882 109.897 1.058
202103 0.551 111.754 0.650
202106 0.534 114.631 0.614
202109 1.242 115.734 1.414
202112 0.534 117.630 0.598
202203 0.575 121.301 0.625
202206 1.081 125.017 1.139
202209 -0.092 125.227 -0.097
202212 1.321 125.222 1.390
202303 0.048 127.348 0.050
202306 0.030 128.729 0.031
202309 0.113 129.860 0.115
202312 0.640 129.419 0.652
202403 0.094 131.776 0.094

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.


Farmers & Merchants Bancorp  (NAS:FMAO) 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.


Farmers & Merchants Bancorp Cyclically Adjusted Price-to-FCF Related Terms

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


Farmers & Merchants Bancorp (Farmers & Merchants Bancorp) Business Description

Traded in Other Exchanges
N/A
Address
307 North Defiance Street, Archbold, OH, USA, 43502
Farmers & Merchants Bancorp Inc is a holding company for Farmers & Merchants Bank of Central California. It engages in general commercial banking business. Its activities include commercial, agricultural and residential mortgages as well as consumer and credit card lending activities. The interest received on lending to the commercial and retail market forms the basis of the bank's primary revenue.
Executives
Eugene N Burkholder director 12730 US HIGHWAY 20A, WAUSEON OH 43567
Steven J Planson director 22199 COUNTY ROAD F, STRYKER OH 43557
David P Vernon director 307 N DEFIANCE ST, ARCHBOLD OH 43502
Jo Ellen Hornish director 24880 BANNER SCHOOL RD, DEFIANCE OH 43512
Andrew J Briggs director 307 N DEFIANCE STREET, ARCHBOLD OH 43502
Simon R. Frank director 307 N. DEFIANCE STREET, ARCHBOLD OH 43502
Lori Ann Johnston director 307 N DEFIANCE STREET, ARCHBOLD OH 43502
Lars B Eller officer: President & CEO 214 CALEB STREET, WEST CHESTER PA 19382
Paul S Siebenmorgen officer: Sr. Executive VP
Anthony Rupp director 203 N. DEFIANCE ST., ARCHBOLD OH 43502
Jackson Jack Cornelius director 105 S MAIN STREET, BRYAN OH 43506
Marcia Sloan Latta director 1528 MUIRFIELD DR, BOWLING GREEN OH 43402
Katrina L Degroff officer: Sr. Vice President 6085 COUNTY RD 13, WAUSEON OH 43567
Phillip P Lucas officer: Sr. Vice President 5047 STONESPRING CRT, ANDERSON IN 46012
Benet S Rupp officer: Sr. Vice President 3963 TIMBER VALLEY DR, MAUMEE OH 4337