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Evercore (STU:QGJ) Cyclically Adjusted Price-to-FCF : 12.27 (As of Jun. 10, 2024)


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What is Evercore Cyclically Adjusted Price-to-FCF?

As of today (2024-06-10), Evercore's current share price is €179.00. Evercore's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was €14.59. Evercore's Cyclically Adjusted Price-to-FCF for today is 12.27.

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

STU:QGJ' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 4.44   Med: 10.14   Max: 18.2
Current: 12.06

During the past years, Evercore's highest Cyclically Adjusted Price-to-FCF was 18.20. The lowest was 4.44. And the median was 10.14.

STU:QGJ's Cyclically Adjusted Price-to-FCF is ranked better than
63.9% of 241 companies
in the Capital Markets industry
Industry Median: 18.37 vs STU:QGJ: 12.06

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.

Evercore's adjusted free cash flow per share data for the three months ended in Mar. 2024 was €-6.323. 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 €14.59 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Evercore Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Evercore'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.

Evercore Cyclically Adjusted Price-to-FCF Chart

Evercore 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 9.27 10.84 10.08 7.24 10.70

Evercore 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 7.88 8.26 9.02 10.70 12.06

Competitive Comparison of Evercore's Cyclically Adjusted Price-to-FCF

For the Capital Markets subindustry, Evercore'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.


Evercore's Cyclically Adjusted Price-to-FCF Distribution in the Capital Markets Industry

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

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



Evercore 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=179.00/14.59
=12.27

* 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.

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

For example, Evercore'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)
=-6.323/131.7762*131.7762
=-6.323

Current CPI (Mar. 2024) = 131.7762.

Evercore Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 1.746 100.560 2.288
201409 1.810 100.428 2.375
201412 2.388 99.070 3.176
201503 -1.744 99.621 -2.307
201506 2.523 100.684 3.302
201509 1.836 100.392 2.410
201512 4.469 99.792 5.901
201603 -2.295 100.470 -3.010
201606 2.523 101.688 3.270
201609 4.748 101.861 6.142
201612 3.440 101.863 4.450
201703 -1.784 102.862 -2.285
201706 4.512 103.349 5.753
201709 3.090 104.136 3.910
201712 3.308 104.011 4.191
201803 -0.800 105.290 -1.001
201806 4.009 106.317 4.969
201809 2.456 106.507 3.039
201812 10.224 105.998 12.710
201903 -8.586 107.251 -10.549
201906 5.448 108.070 6.643
201909 4.375 108.329 5.322
201912 8.246 108.420 10.022
202003 -3.999 108.902 -4.839
202006 5.852 108.767 7.090
202009 3.058 109.815 3.670
202012 12.786 109.897 15.332
202103 -6.383 111.754 -7.527
202106 8.287 114.631 9.526
202109 8.130 115.734 9.257
202112 17.712 117.630 19.842
202203 -10.705 121.301 -11.629
202206 7.172 125.017 7.560
202209 7.929 125.227 8.344
202212 8.555 125.222 9.003
202303 -8.998 127.348 -9.311
202306 4.033 128.729 4.128
202309 5.662 129.860 5.746
202312 9.337 129.419 9.507
202403 -6.323 131.776 -6.323

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.


Evercore  (STU:QGJ) 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.


Evercore Cyclically Adjusted Price-to-FCF Related Terms

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


Evercore (STU:QGJ) Business Description

Industry
Traded in Other Exchanges
Address
55 East 52nd Street, New York, NY, USA, 10055
Evercore is an independent investment bank that derives the majority of its revenue from financial advisory, including merger, acquisition, and restructuring advisory. It also has institutional equities trading, equity underwriting, and investment management businesses that account for around 20% of net revenue. The company was founded in 1996 and went public in 2006. Evercore had approximately 1,800 employees at the end of 2022, and about 75% of its revenue is derived from the United States.

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