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Bank of America (UKEX:BAC) Cyclically Adjusted Price-to-FCF : 13.84 (As of May. 26, 2024)


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What is Bank of America Cyclically Adjusted Price-to-FCF?

As of today (2024-05-26), Bank of America's current share price is ₴1310.00. Bank of America's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was ₴94.66. Bank of America's Cyclically Adjusted Price-to-FCF for today is 13.84.

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

UKEX:BAC' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 2.25   Med: 5.57   Max: 16.42
Current: 14.49

During the past years, Bank of America's highest Cyclically Adjusted Price-to-FCF was 16.42. The lowest was 2.25. And the median was 5.57.

UKEX:BAC's Cyclically Adjusted Price-to-FCF is ranked worse than
84.03% of 833 companies
in the Banks industry
Industry Median: 7.38 vs UKEX:BAC: 14.49

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.

Bank of America's adjusted free cash flow per share data for the three months ended in Mar. 2024 was ₴-77.603. 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 ₴94.66 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Bank of America Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Bank of America'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.

Bank of America Cyclically Adjusted Price-to-FCF Chart

Bank of America 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 8.22 7.98 13.79 9.34 10.67

Bank of America 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 9.04 10.18 9.46 10.67 13.84

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

For the Banks - Diversified subindustry, Bank of America'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.


Bank of America's Cyclically Adjusted Price-to-FCF Distribution in the Banks Industry

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

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



Bank of America 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.

Bank of America's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=1310.00/94.66
=13.84

* 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.

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

For example, Bank of America'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)
=-77.603/131.7762*131.7762
=-77.603

Current CPI (Mar. 2024) = 131.7762.

Bank of America Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 16.353 100.560 21.429
201409 10.348 100.428 13.578
201412 -0.486 99.070 -0.646
201503 0.872 99.621 1.153
201506 -11.892 100.684 -15.564
201509 92.404 100.392 121.292
201512 20.456 99.792 27.012
201603 39.376 100.470 51.645
201606 55.469 101.688 71.882
201609 1.918 101.861 2.481
201612 -34.276 101.863 -44.342
201703 -47.711 102.862 -61.122
201706 35.720 103.349 45.545
201709 75.780 104.136 95.894
201712 -26.822 104.011 -33.982
201803 154.553 105.290 193.432
201806 -25.359 106.317 -31.432
201809 77.318 106.507 95.662
201812 -55.875 105.998 -69.464
201903 61.886 107.251 76.038
201906 -28.216 108.070 -34.406
201909 -24.453 108.329 -29.746
201912 261.238 108.420 317.514
202003 86.182 108.902 104.284
202006 -13.751 108.767 -16.660
202009 -149.143 109.815 -178.969
202012 249.229 109.897 298.848
202103 -239.716 111.754 -282.663
202106 -42.752 114.631 -49.146
202109 46.260 115.734 52.672
202112 217.772 117.630 243.962
202203 -222.160 121.301 -241.345
202206 -24.808 125.017 -26.149
202209 64.651 125.227 68.032
202212 152.553 125.222 160.538
202303 -55.393 127.348 -57.319
202306 58.501 128.729 59.886
202309 58.467 129.860 59.330
202312 164.264 129.419 167.255
202403 -77.603 131.776 -77.603

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.


Bank of America  (UKEX:BAC) 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.


Bank of America Cyclically Adjusted Price-to-FCF Related Terms

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


Bank of America (UKEX:BAC) Business Description

Industry
Address
100 North Tryon Street, Bank of America Corporate Center, Charlotte, NC, USA, 28255
Bank of America is one of the largest financial institutions in the United States, with more than $2.5 trillion in assets. It is organized into four major segments: consumer banking, global wealth and investment management, global banking, and global markets. Bank of America's consumer-facing lines of business include its network of branches and deposit-gathering operations, retail lending products, credit and debit cards, and small-business services. The company's Merrill Lynch operations provide brokerage and wealth-management services, as does its private bank. Wholesale lines of business include investment banking, corporate and commercial real estate lending, and capital markets operations. Bank of America has operations in several countries but is primarily U.S.-focused.