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Middlefield Banc (Middlefield Banc) Cyclically Adjusted Price-to-FCF : 9.18 (As of May. 27, 2024)


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What is Middlefield Banc Cyclically Adjusted Price-to-FCF?

As of today (2024-05-27), Middlefield Banc's current share price is $22.41. Middlefield Banc's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was $2.44. Middlefield Banc's Cyclically Adjusted Price-to-FCF for today is 9.18.

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

MBCN' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 6.77   Med: 11.03   Max: 16.85
Current: 9.2

During the past years, Middlefield Banc's highest Cyclically Adjusted Price-to-FCF was 16.85. The lowest was 6.77. And the median was 11.03.

MBCN's Cyclically Adjusted Price-to-FCF is ranked worse than
63.42% of 831 companies
in the Banks industry
Industry Median: 7.36 vs MBCN: 9.20

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.

Middlefield Banc's adjusted free cash flow per share data for the three months ended in Mar. 2024 was $0.660. 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 $2.44 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Middlefield Banc Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Middlefield Banc'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.

Middlefield Banc Cyclically Adjusted Price-to-FCF Chart

Middlefield Banc 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 12.78 10.80 11.46 12.01 13.72

Middlefield Banc 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 11.90 11.40 10.95 13.72 9.80

Competitive Comparison of Middlefield Banc's Cyclically Adjusted Price-to-FCF

For the Banks - Regional subindustry, Middlefield Banc'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.


Middlefield Banc's Cyclically Adjusted Price-to-FCF Distribution in the Banks Industry

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

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



Middlefield Banc 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.

Middlefield Banc's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=22.41/2.44
=9.18

* 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.

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

For example, Middlefield Banc'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)
=0.66/131.7762*131.7762
=0.660

Current CPI (Mar. 2024) = 131.7762.

Middlefield Banc Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.380 100.560 0.498
201409 0.569 100.428 0.747
201412 0.409 99.070 0.544
201503 0.077 99.621 0.102
201506 0.632 100.684 0.827
201509 0.489 100.392 0.642
201512 0.453 99.792 0.598
201603 0.532 100.470 0.698
201606 0.594 101.688 0.770
201609 0.249 101.861 0.322
201612 0.013 101.863 0.017
201703 -0.354 102.862 -0.454
201706 -0.203 103.349 -0.259
201709 1.134 104.136 1.435
201712 1.304 104.011 1.652
201803 0.208 105.290 0.260
201806 0.323 106.317 0.400
201809 0.475 106.507 0.588
201812 0.871 105.998 1.083
201903 0.059 107.251 0.072
201906 0.590 108.070 0.719
201909 0.627 108.329 0.763
201912 0.504 108.420 0.613
202003 0.435 108.902 0.526
202006 -0.139 108.767 -0.168
202009 0.435 109.815 0.522
202012 1.450 109.897 1.739
202103 0.426 111.754 0.502
202106 0.570 114.631 0.655
202109 0.739 115.734 0.841
202112 0.660 117.630 0.739
202203 0.406 121.301 0.441
202206 0.639 125.017 0.674
202209 0.974 125.227 1.025
202212 0.848 125.222 0.892
202303 0.757 127.348 0.783
202306 0.629 128.729 0.644
202309 0.282 129.860 0.286
202312 0.944 129.419 0.961
202403 0.660 131.776 0.660

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.


Middlefield Banc  (NAS:MBCN) 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.


Middlefield Banc Cyclically Adjusted Price-to-FCF Related Terms

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


Middlefield Banc (Middlefield Banc) Business Description

Industry
Traded in Other Exchanges
N/A
Address
15985 East High Street, Middlefield, OH, USA, 44062-0035
Middlefield Banc Corp is a United States-based bank holding company. It offers customers banking services, including checking, savings, negotiable order of withdrawal accounts, money market accounts, time certificates of deposit, commercial loans, and other services. It also maintains, manages, and disposes of nonperforming loans and other real estate owned.
Executives
Jennifer L Moeller director 15985 EAST HIGH STREET, MIDDLEFIELD OH 44062
Heslop James R Ii director, officer: Exec. Vice President/COO
Thomas M Wilson officer: EVP/Corporate Development 15985 EAST HIGH STREET, MIDDLEFIELD OH 44062
Robert J Dawson officer: EVP/Chief Lending Officer 15985 EAST HIGH STREET, MIDDLEFIELD OH 44062
Michael C Voinovich director 15985 EAST HIGH STREET, MIDDLEFIELD OH 44062
Zimmerly Ronald Len Jr. director 4427 COUNTY ROAD 55, BELLEFONTAINE OH 43311
William J Skidmore director 15985 EAST HIGH STREET, MIDDLEFIELD OH 44062
Mark Ramsey Watkins director 9551 TOWNSHIP ROAD 179, KENTON OH 43326
Spencer Cohn director 1682 EL CAMINO REAL, SUITE 320, SAN DIEGO CA 92130
Kenneth E Jones director 2003 HAVENSWOOD PLACE, BLACKLICK OH 43004
Kevin A Digeronimo director 15985 EAST HIGH STREET, MIDDLEFIELD OH 44062
Darryl E Mast director
Robert W Toth director 15985 EAST HIGH STREET, POST OFFICE BOX 35, MIDDLEFIELD OH 44062
Rose Clayton W Iii director 15985 EAST HIGH STREET, MIDDLEFIELD OH 44062
Adam T Cook officer: Senior Vice President 15985 EAST HIGH STREET, MIDDLEFIELD OH 44062