GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Philippine National Bank (PHS:PNB) » Definitions » Cyclically Adjusted Price-to-FCF

Philippine National Bank (PHS:PNB) Cyclically Adjusted Price-to-FCF : 2.23 (As of Jun. 10, 2024)


View and export this data going back to 1989. Start your Free Trial

What is Philippine National Bank Cyclically Adjusted Price-to-FCF?

As of today (2024-06-10), Philippine National Bank's current share price is ₱22.50. Philippine National Bank's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was ₱10.08. Philippine National Bank's Cyclically Adjusted Price-to-FCF for today is 2.23.

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

PHS:PNB' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 1.24   Med: 3.24   Max: 113.83
Current: 2.23

During the past years, Philippine National Bank's highest Cyclically Adjusted Price-to-FCF was 113.83. The lowest was 1.24. And the median was 3.24.

PHS:PNB's Cyclically Adjusted Price-to-FCF is ranked better than
86.49% of 829 companies
in the Banks industry
Industry Median: 7.23 vs PHS:PNB: 2.23

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.

Philippine National Bank's adjusted free cash flow per share data for the three months ended in Mar. 2024 was ₱-7.895. 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 ₱10.08 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Philippine National Bank Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Philippine National Bank'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.

Philippine National Bank Cyclically Adjusted Price-to-FCF Chart

Philippine National Bank 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 17.42 3.23 2.02 1.47 1.78

Philippine National Bank 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 1.93 1.71 2.14 1.78 1.96

Competitive Comparison of Philippine National Bank's Cyclically Adjusted Price-to-FCF

For the Banks - Regional subindustry, Philippine National Bank'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.


Philippine National Bank's Cyclically Adjusted Price-to-FCF Distribution in the Banks Industry

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

* The bar in red indicates where Philippine National Bank's Cyclically Adjusted Price-to-FCF falls into.



Philippine National Bank 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.

Philippine National Bank's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=22.50/10.08
=2.23

* 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.

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

For example, Philippine National Bank'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)
=-7.895/131.7762*131.7762
=-7.895

Current CPI (Mar. 2024) = 131.7762.

Philippine National Bank Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -16.320 100.560 -21.386
201409 -12.256 100.428 -16.082
201412 -14.569 99.070 -19.379
201503 0.120 99.621 0.159
201506 -7.853 100.684 -10.278
201509 7.819 100.392 10.263
201512 -3.508 99.792 -4.632
201603 13.742 100.470 18.024
201606 7.041 101.688 9.124
201609 3.884 101.861 5.025
201612 -4.834 101.863 -6.254
201703 16.910 102.862 21.663
201706 8.644 103.349 11.022
201709 -25.346 104.136 -32.074
201712 -5.228 104.011 -6.624
201803 18.801 105.290 23.531
201806 -11.835 106.317 -14.669
201809 0.819 106.507 1.013
201812 -0.626 105.998 -0.778
201903 -8.567 107.251 -10.526
201906 13.813 108.070 16.843
201909 10.302 108.329 12.532
201912 -0.408 108.420 -0.496
202003 -26.874 108.902 -32.519
202006 44.134 108.767 53.470
202009 -14.005 109.815 -16.806
202012 66.057 109.897 79.208
202103 -34.732 111.754 -40.955
202106 -25.527 114.631 -29.345
202109 28.670 115.734 32.644
202112 41.976 117.630 47.024
202203 10.989 121.301 11.938
202206 -7.312 125.017 -7.707
202209 -26.165 125.227 -27.534
202212 25.231 125.222 26.552
202303 -21.605 127.348 -22.356
202306 38.419 128.729 39.329
202309 -4.876 129.860 -4.948
202312 14.373 129.419 14.635
202403 -7.895 131.776 -7.895

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.


Philippine National Bank  (PHS:PNB) 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.


Philippine National Bank Cyclically Adjusted Price-to-FCF Related Terms

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


Philippine National Bank (PHS:PNB) Business Description

Traded in Other Exchanges
N/A
Address
President Diosdado P. Macapagal Boulevard, PNB Financial Center, Metro Manila, Pasay, PHL, 1300
Philippine National Bank is principally engaged in providing financial services. The company's business segments consist of the 1) Retail Banking segment involves handling individual customer deposits, and providing consumer-type loans, credit card facilities and fund transfer facilities; 2) Corporate Banking segment involves handling loans and other credit facilities and deposit accounts for corporate and institutional customers; 3) Treasury segment involves providing money market, trading and treasury services, and the management of the Group's funding operations by use of Treasury bills, government securities and placements and acceptances with other banks, through treasury and wholesale banking; and 4) Other Segments include trust, leasing, remittances and other support services, etc.

Philippine National Bank (PHS:PNB) Headlines

No Headlines