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Rathbones Group (LSE:RAT) Cyclically Adjusted Price-to-FCF : 3.54 (As of Jun. 04, 2024)


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What is Rathbones Group Cyclically Adjusted Price-to-FCF?

As of today (2024-06-04), Rathbones Group's current share price is £17.90. Rathbones Group's Cyclically Adjusted FCF per Share for the fiscal year that ended in Dec23 was £5.06. Rathbones Group's Cyclically Adjusted Price-to-FCF for today is 3.54.

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

LSE:RAT' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 2.76   Med: 7.67   Max: 12.22
Current: 3.42

During the past 13 years, Rathbones Group's highest Cyclically Adjusted Price-to-FCF was 12.22. The lowest was 2.76. And the median was 7.67.

LSE:RAT's Cyclically Adjusted Price-to-FCF is ranked better than
89.78% of 499 companies
in the Asset Management industry
Industry Median: 20.16 vs LSE:RAT: 3.42

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.

Rathbones Group's adjusted free cash flow per share data of for the fiscal year that ended in Dec23 was £-1.355. 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 £5.06 for the trailing ten years ended in Dec23.

Shiller PE for Stocks: The True Measure of Stock Valuation


Rathbones Group Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Rathbones 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.

Rathbones Group Cyclically Adjusted Price-to-FCF Chart

Rathbones 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 4.77 3.42 5.03 3.82 3.45

Rathbones Group Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
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 5.03 - 3.82 - 3.45

Competitive Comparison of Rathbones Group's Cyclically Adjusted Price-to-FCF

For the Asset Management subindustry, Rathbones 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.


Rathbones Group's Cyclically Adjusted Price-to-FCF Distribution in the Asset Management Industry

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

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



Rathbones 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.

Rathbones Group's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=17.90/5.06
=3.54

* 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.

Rathbones Group's Cyclically Adjusted FCF per Share for the fiscal year that ended in Dec23 is calculated as:

For example, Rathbones Group's adjusted Free Cash Flow per Share data for the fiscal year that ended in Dec23 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Dec23 (Change)*Current CPI (Dec23)
=-1.355/130.5000*130.5000
=-1.355

Current CPI (Dec23) = 130.5000.

Rathbones Group Annual Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201412 8.483 99.900 11.081
201512 3.199 100.400 4.158
201612 11.097 102.200 14.170
201712 6.580 105.000 8.178
201812 1.755 107.100 2.138
201912 8.719 108.500 10.487
202012 0.330 109.400 0.394
202112 -3.123 114.700 -3.553
202212 4.659 125.300 4.852
202312 -1.355 130.500 -1.355

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.


Rathbones Group  (LSE:RAT) 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.


Rathbones Group Cyclically Adjusted Price-to-FCF Related Terms

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


Rathbones Group (LSE:RAT) Business Description

Traded in Other Exchanges
Address
8 Finsbury Circus, London, GBR, EC2M 7AZ
Rathbones Group PLC provides investment and wealth management services to private clients, charities, professional intermediaries, and trustees. The group also provides other banking, financial advisory, tax, legal, and trust services. Alongside investment management services, Rathbone provides unit trust and multi-asset fund products sold through intermediaries to the retail sector. Nearly all the funds under management fall under the investment management category, with private clients contributing the majority of a portion of assets. The company relies on a group of committees to oversee manager performance and ensure the investment process is appropriately resourced. To meet client needs, investment offerings cover a multitude of asset classes and risk levels.

Rathbones Group (LSE:RAT) Headlines

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