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TFS Financial (FRA:PWT) Cyclically Adjusted Price-to-FCF : 33.82 (As of Jun. 10, 2024)


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What is TFS Financial Cyclically Adjusted Price-to-FCF?

As of today (2024-06-10), TFS Financial's current share price is €11.50. TFS Financial's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was €0.34. TFS Financial's Cyclically Adjusted Price-to-FCF for today is 33.82.

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

FRA:PWT' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 20.46   Med: 35.5   Max: 54.88
Current: 33.41

During the past years, TFS Financial's highest Cyclically Adjusted Price-to-FCF was 54.88. The lowest was 20.46. And the median was 35.50.

FRA:PWT's Cyclically Adjusted Price-to-FCF is ranked worse than
95.17% of 829 companies
in the Banks industry
Industry Median: 7.23 vs FRA:PWT: 33.41

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.

TFS Financial's adjusted free cash flow per share data for the three months ended in Mar. 2024 was €0.044. 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 €0.34 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


TFS Financial Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for TFS 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.

TFS Financial Cyclically Adjusted Price-to-FCF Chart

TFS 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 44.38 35.82 46.73 33.27 31.41

TFS 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 32.76 33.22 31.41 41.59 33.62

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

For the Banks - Regional subindustry, TFS 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.


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

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

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



TFS 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=11.50/0.34
=33.82

* 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.

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

For example, TFS 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)
=0.044/131.7762*131.7762
=0.044

Current CPI (Mar. 2024) = 131.7762.

TFS Financial Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.058 100.560 0.076
201409 0.047 100.428 0.062
201412 0.193 99.070 0.257
201503 -0.075 99.621 -0.099
201506 0.080 100.684 0.105
201509 0.074 100.392 0.097
201512 0.213 99.792 0.281
201603 -0.100 100.470 -0.131
201606 0.040 101.688 0.052
201609 0.090 101.861 0.116
201612 0.327 101.863 0.423
201703 -0.111 102.862 -0.142
201706 0.052 103.349 0.066
201709 0.051 104.136 0.065
201712 0.287 104.011 0.364
201803 -0.135 105.290 -0.169
201806 0.041 106.317 0.051
201809 0.069 106.507 0.085
201812 0.106 105.998 0.132
201903 0.024 107.251 0.029
201906 0.091 108.070 0.111
201909 0.096 108.329 0.117
201912 0.093 108.420 0.113
202003 0.105 108.902 0.127
202006 0.088 108.767 0.107
202009 0.092 109.815 0.110
202012 0.070 109.897 0.084
202103 0.058 111.754 0.068
202106 0.230 114.631 0.264
202109 -0.117 115.734 -0.133
202112 0.023 117.630 0.026
202203 0.106 121.301 0.115
202206 0.033 125.017 0.035
202209 -0.049 125.227 -0.052
202212 0.261 125.222 0.275
202303 -0.121 127.348 -0.125
202306 0.107 128.729 0.110
202309 0.043 129.860 0.044
202312 0.117 129.419 0.119
202403 0.044 131.776 0.044

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.


TFS Financial  (FRA:PWT) 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.


TFS Financial Cyclically Adjusted Price-to-FCF Related Terms

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


TFS Financial (FRA:PWT) Business Description

Industry
Traded in Other Exchanges
Address
7007 Broadway Avenue, Cleveland, OH, USA, 44105
TFS Financial Corp is the holding company for the Third Federal Savings and Loan Association of Cleveland. The company's ownership in the savings and loan association is its primary business activity. The association's principal business consists of originating and servicing residential real estate mortgage loans and attracting retail savings deposits. It does so by offering products with competitive rates and yields. The company also operates Third Capital, a wholly owned subsidiary that serves as a holding company or as an investor in vehicles such as private equity funds. Third Capital has interests in lease transactions of commercial buildings, title agencies providing escrow and settlement services, and reinsurance of private mortgage insurance on residential loans.

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