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TriCo Bancshares (TriCo Bancshares) Cyclically Adjusted Price-to-FCF : 10.43 (As of Jun. 10, 2024)


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What is TriCo Bancshares Cyclically Adjusted Price-to-FCF?

As of today (2024-06-10), TriCo Bancshares's current share price is $36.60. TriCo Bancshares's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was $3.51. TriCo Bancshares's Cyclically Adjusted Price-to-FCF for today is 10.43.

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

TCBK' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 8.98   Med: 13.75   Max: 20.67
Current: 10.42

During the past years, TriCo Bancshares's highest Cyclically Adjusted Price-to-FCF was 20.67. The lowest was 8.98. And the median was 13.75.

TCBK's Cyclically Adjusted Price-to-FCF is ranked worse than
72.74% of 829 companies
in the Banks industry
Industry Median: 7.33 vs TCBK: 10.42

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.

TriCo Bancshares's adjusted free cash flow per share data for the three months ended in Mar. 2024 was $0.721. 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 $3.51 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


TriCo Bancshares Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for TriCo Bancshares'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.

TriCo Bancshares Cyclically Adjusted Price-to-FCF Chart

TriCo Bancshares 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 16.82 14.25 14.95 15.85 12.41

TriCo Bancshares 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 12.57 9.85 9.38 12.41 10.48

Competitive Comparison of TriCo Bancshares's Cyclically Adjusted Price-to-FCF

For the Banks - Regional subindustry, TriCo Bancshares'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.


TriCo Bancshares's Cyclically Adjusted Price-to-FCF Distribution in the Banks Industry

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

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



TriCo Bancshares 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=36.60/3.51
=10.43

* 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.

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

For example, TriCo Bancshares'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)
=0.721/131.7762*131.7762
=0.721

Current CPI (Mar. 2024) = 131.7762.

TriCo Bancshares Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -0.110 100.560 -0.144
201409 0.550 100.428 0.722
201412 0.214 99.070 0.285
201503 0.534 99.621 0.706
201506 0.523 100.684 0.685
201509 0.751 100.392 0.986
201512 0.337 99.792 0.445
201603 -0.144 100.470 -0.189
201606 0.775 101.688 1.004
201609 0.618 101.861 0.799
201612 0.366 101.863 0.473
201703 0.733 102.862 0.939
201706 0.200 103.349 0.255
201709 0.571 104.136 0.723
201712 0.227 104.011 0.288
201803 0.924 105.290 1.156
201806 0.314 106.317 0.389
201809 0.837 106.507 1.036
201812 0.963 105.998 1.197
201903 0.666 107.251 0.818
201906 0.355 108.070 0.433
201909 1.368 108.329 1.664
201912 0.826 108.420 1.004
202003 1.076 108.902 1.302
202006 0.990 108.767 1.199
202009 0.463 109.815 0.556
202012 1.197 109.897 1.435
202103 1.371 111.754 1.617
202106 0.567 114.631 0.652
202109 1.335 115.734 1.520
202112 1.045 117.630 1.171
202203 1.133 121.301 1.231
202206 1.059 125.017 1.116
202209 1.044 125.227 1.099
202212 1.625 125.222 1.710
202303 1.129 127.348 1.168
202306 0.457 128.729 0.468
202309 1.367 129.860 1.387
202312 1.065 129.419 1.084
202403 0.721 131.776 0.721

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.


TriCo Bancshares  (NAS:TCBK) 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.


TriCo Bancshares Cyclically Adjusted Price-to-FCF Related Terms

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


TriCo Bancshares (TriCo Bancshares) Business Description

Industry
Traded in Other Exchanges
N/A
Address
63 Constitution Drive, Chico, CA, USA, 95973
TriCo Bancshares is a California corporation organized to act as a bank holding company for Tri Counties Bank. The Bank is a California-chartered bank that is engaged in the general commercial and retail banking business in California counties. The Bank provides a breadth of personal, small business and commercial financial services including accepting demand, savings and time deposits and making small business, commercial, real estate, and consumer loans, as well as a range of Treasury Management Services and other customary banking services including safe deposit boxes at some branches. The company's primary source of revenue is the net interest income.
Executives
Giese Cory W director, officer: EVP Wholesale Banking 63 CONSTITUTION DRIVE, CHICO CA 95973
Michael W Koehnen director 63 CONSTITUTION DRIVE, CHICO CA 95973
Anthony L. Leggio director 11601 BOLTHOUSE DRIVE. SUITE 200, BAKERSFIELD CA 93311
Jon Nakamura director 63 CONSTITUTION DRIVE, CHICO CA 95973
Richard P Smith director, officer: President & CEO 63 CONSTITUTION DRIVE, CHICO CA 95973
W Virginia Walker director, officer: EVP Wholesale Banking 63 CONSTITUTION DRIVE, CHICO CA 95973
Judi Giem officer: Chief Human Resource Officer 63 CONSTITUTION DRIVE, CHICO CA 95973
Margaret L Kane director 63 CONSITUTION DIVE, CHICO CA 95973
Kirsten E Garen director 63 CONSTITUTION DRIVE, CHICO CA 95973
Kimberley H Vogel director 63 CONSTITUTION DRIVE, CHICO CA 95973
Craig B Carney other: SR VP/Cheif Credit Officer 63 CONSTITUTION DR, CHICO CA 95973
Peter G Wiese officer: EVP/Chief Financial Officer 63 CONSTITUTION DR, CHICO CA 95973
Thomas G Atwood director
Thomas C Mcgraw director C/O FNB BANCORP, 975 EL CAMINO REAL, SOUTH SAN FRANCISCO CA 94080
Gregory A Gehlmann officer: SVP General Counsel TRICO BANCSHARES, 63 CONSTITUTION DRIVE, CHICO CA 95973