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Pinnacle Financial Partners (FRA:PFZ) Cyclically Adjusted Price-to-FCF : 13.72 (As of Jun. 10, 2024)


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What is Pinnacle Financial Partners Cyclically Adjusted Price-to-FCF?

As of today (2024-06-10), Pinnacle Financial Partners's current share price is €70.50. Pinnacle Financial Partners's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was €5.14. Pinnacle Financial Partners's Cyclically Adjusted Price-to-FCF for today is 13.72.

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

FRA:PFZ' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 8.54   Med: 17.86   Max: 27.37
Current: 13.68

During the past years, Pinnacle Financial Partners's highest Cyclically Adjusted Price-to-FCF was 27.37. The lowest was 8.54. And the median was 17.86.

FRA:PFZ's Cyclically Adjusted Price-to-FCF is ranked worse than
82.15% of 829 companies
in the Banks industry
Industry Median: 7.33 vs FRA:PFZ: 13.68

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.

Pinnacle Financial Partners's adjusted free cash flow per share data for the three months ended in Mar. 2024 was €2.166. 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 €5.14 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Pinnacle Financial Partners Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Pinnacle Financial Partners'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.

Pinnacle Financial Partners Cyclically Adjusted Price-to-FCF Chart

Pinnacle Financial Partners 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 17.62 17.12 21.34 14.48 16.43

Pinnacle Financial Partners 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 10.03 10.71 12.63 16.43 15.36

Competitive Comparison of Pinnacle Financial Partners's Cyclically Adjusted Price-to-FCF

For the Banks - Regional subindustry, Pinnacle Financial Partners'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.


Pinnacle Financial Partners's Cyclically Adjusted Price-to-FCF Distribution in the Banks Industry

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

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



Pinnacle Financial Partners 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.

Pinnacle Financial Partners's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=70.50/5.14
=13.72

* 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.

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

For example, Pinnacle Financial Partners'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)
=2.166/131.7762*131.7762
=2.166

Current CPI (Mar. 2024) = 131.7762.

Pinnacle Financial Partners Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.190 100.560 0.249
201409 0.774 100.428 1.016
201412 0.744 99.070 0.990
201503 0.105 99.621 0.139
201506 0.467 100.684 0.611
201509 0.100 100.392 0.131
201512 1.045 99.792 1.380
201603 0.466 100.470 0.611
201606 0.666 101.688 0.863
201609 0.286 101.861 0.370
201612 1.396 101.863 1.806
201703 -0.070 102.862 -0.090
201706 1.142 103.349 1.456
201709 0.205 104.136 0.259
201712 0.308 104.011 0.390
201803 0.756 105.290 0.946
201806 1.370 106.317 1.698
201809 1.150 106.507 1.423
201812 1.668 105.998 2.074
201903 1.758 107.251 2.160
201906 0.025 108.070 0.030
201909 1.482 108.329 1.803
201912 1.278 108.420 1.553
202003 0.599 108.902 0.725
202006 1.359 108.767 1.646
202009 1.182 109.815 1.418
202012 1.261 109.897 1.512
202103 1.266 111.754 1.493
202106 1.781 114.631 2.047
202109 1.629 115.734 1.855
202112 2.457 117.630 2.752
202203 0.503 121.301 0.546
202206 1.683 125.017 1.774
202209 3.664 125.227 3.856
202212 1.081 125.222 1.138
202303 3.984 127.348 4.123
202306 -1.475 128.729 -1.510
202309 1.311 129.860 1.330
202312 1.063 129.419 1.082
202403 2.166 131.776 2.166

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.


Pinnacle Financial Partners  (FRA:PFZ) 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.


Pinnacle Financial Partners Cyclically Adjusted Price-to-FCF Related Terms

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Pinnacle Financial Partners (FRA:PFZ) Business Description

Traded in Other Exchanges
Address
150 Third Avenue South, Suite 900, Nashville, TN, USA, 37201
Pinnacle Financial Partners Inc is a financial holding company. The company operates through its wholly-owned subsidiary, Pinnacle Bank. The bank provides a full range of lending products, including commercial, real estate, and consumer loans to individuals and small to medium-sized businesses. Pinnacle operates as a community bank primarily in the urban markets of Nashville, Knoxville, Memphis, and Chattanooga, Tennessee, as well as surrounding counties. Its strategy relies heavily on mergers and acquisitions. A majority of its loan portfolio is in commercial loans, primarily real estate, as well as industrial loans. The bank generates a majority of its net revenue through net interest income.

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