GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » The Toronto-Dominion Bank (NYSE:TD) » Definitions » Cyclically Adjusted Price-to-FCF

The Toronto-Dominion Bank (The Toronto-Dominion Bank) Cyclically Adjusted Price-to-FCF : 3.29 (As of May. 28, 2024)


View and export this data going back to 1996. Start your Free Trial

What is The Toronto-Dominion Bank Cyclically Adjusted Price-to-FCF?

As of today (2024-05-28), The Toronto-Dominion Bank's current share price is $56.56. The Toronto-Dominion Bank's Cyclically Adjusted FCF per Share for the quarter that ended in Apr. 2024 was $17.21. The Toronto-Dominion Bank's Cyclically Adjusted Price-to-FCF for today is 3.29.

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

TD' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 2.53   Med: 5.34   Max: 9.55
Current: 3.26

During the past years, The Toronto-Dominion Bank's highest Cyclically Adjusted Price-to-FCF was 9.55. The lowest was 2.53. And the median was 5.34.

TD's Cyclically Adjusted Price-to-FCF is ranked better than
79.42% of 831 companies
in the Banks industry
Industry Median: 7.36 vs TD: 3.26

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.

The Toronto-Dominion Bank's adjusted free cash flow per share data for the three months ended in Apr. 2024 was $2.013. 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 $17.21 for the trailing ten years ended in Apr. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


The Toronto-Dominion Bank Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for The Toronto-Dominion 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.

The Toronto-Dominion Bank Cyclically Adjusted Price-to-FCF Chart

The Toronto-Dominion Bank Annual Data
Trend Oct14 Oct15 Oct16 Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.90 2.49 3.41 2.96 3.12

The Toronto-Dominion Bank Quarterly Data
Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24
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 3.10 3.56 3.12 3.65 3.45

Competitive Comparison of The Toronto-Dominion Bank's Cyclically Adjusted Price-to-FCF

For the Banks - Diversified subindustry, The Toronto-Dominion 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.


The Toronto-Dominion Bank's Cyclically Adjusted Price-to-FCF Distribution in the Banks Industry

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

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



The Toronto-Dominion 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.

The Toronto-Dominion Bank's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=56.56/17.21
=3.29

* 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.

The Toronto-Dominion Bank's Cyclically Adjusted FCF per Share for the quarter that ended in Apr. 2024 is calculated as:

For example, The Toronto-Dominion Bank's adjusted Free Cash Flow per Share data for the three months ended in Apr. 2024 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Apr. 2024 (Change)*Current CPI (Apr. 2024)
=2.013/126.2576*126.2576
=2.013

Current CPI (Apr. 2024) = 126.2576.

The Toronto-Dominion Bank Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201407 7.387 99.315 9.391
201410 2.258 99.473 2.866
201501 8.350 98.209 10.735
201504 -0.116 99.710 -0.147
201507 2.074 100.579 2.603
201510 4.501 100.500 5.655
201601 5.990 100.184 7.549
201604 0.383 101.370 0.477
201607 10.446 101.844 12.950
201610 -2.030 102.002 -2.513
201701 3.892 102.318 4.803
201704 3.144 103.029 3.853
201707 -2.375 103.029 -2.910
201710 5.947 103.424 7.260
201801 0.972 104.056 1.179
201804 -2.708 105.320 -3.246
201807 3.149 106.110 3.747
201810 0.666 105.952 0.794
201901 -1.425 105.557 -1.704
201904 -0.801 107.453 -0.941
201907 1.809 108.243 2.110
201910 0.229 107.927 0.268
202001 4.404 108.085 5.144
202004 54.224 107.216 63.854
202007 24.757 108.401 28.835
202010 8.416 108.638 9.781
202101 19.629 109.192 22.697
202104 -5.663 110.851 -6.450
202107 1.207 112.431 1.355
202110 6.073 113.695 6.744
202201 12.341 114.801 13.573
202204 -5.125 118.357 -5.467
202207 7.980 120.964 8.329
202210 0.858 121.517 0.891
202301 1.902 121.596 1.975
202304 -22.063 123.571 -22.543
202307 -12.908 124.914 -13.047
202310 5.633 125.310 5.676
202401 -8.623 125.072 -8.705
202404 2.013 126.258 2.013

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.


The Toronto-Dominion Bank  (NYSE:TD) 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.


The Toronto-Dominion Bank Cyclically Adjusted Price-to-FCF Related Terms

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


The Toronto-Dominion Bank (The Toronto-Dominion Bank) Business Description

Address
C/o General Counsel’s Office, P.O. Box 1, Toronto-Dominion Centre, King St. W. and Bay St., Toronto, ON, CAN, M5K 1A2
Toronto-Dominion is one of Canada's two largest banks and operates three business segments: Canadian retail banking, U.S. retail banking, and wholesale banking. The bank's U.S. operations span from Maine to Florida, with a strong presence in the Northeast. It also has a 13% ownership stake in Charles Schwab.

The Toronto-Dominion Bank (The Toronto-Dominion Bank) Headlines

From GuruFocus

The Toronto-Dominion Bank's Dividend Analysis

By GuruFocus Research 01-08-2024