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KBC Groupe NV (XBRU:KBC) Cyclically Adjusted Price-to-FCF : 3.56 (As of May. 14, 2024)


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What is KBC Groupe NV Cyclically Adjusted Price-to-FCF?

As of today (2024-05-14), KBC Groupe NV's current share price is €68.64. KBC Groupe NV's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was €19.29. KBC Groupe NV's Cyclically Adjusted Price-to-FCF for today is 3.56.

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

XBRU:KBC' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 1.45   Med: 2.8   Max: 4.41
Current: 3.7

During the past years, KBC Groupe NV's highest Cyclically Adjusted Price-to-FCF was 4.41. The lowest was 1.45. And the median was 2.80.

XBRU:KBC's Cyclically Adjusted Price-to-FCF is ranked better than
76.5% of 834 companies
in the Banks industry
Industry Median: 7.63 vs XBRU:KBC: 3.70

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.

KBC Groupe NV's adjusted free cash flow per share data for the three months ended in Dec. 2023 was €-32.967. 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 €19.29 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


KBC Groupe NV Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for KBC Groupe NV'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.

KBC Groupe NV Cyclically Adjusted Price-to-FCF Chart

KBC Groupe NV 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 3.36 2.88 3.06 2.12 3.04

KBC Groupe NV Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 2.12 3.00 2.44 2.70 3.04

Competitive Comparison of KBC Groupe NV's Cyclically Adjusted Price-to-FCF

For the Banks - Regional subindustry, KBC Groupe NV'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.


KBC Groupe NV's Cyclically Adjusted Price-to-FCF Distribution in the Banks Industry

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

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



KBC Groupe NV 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.

KBC Groupe NV's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=68.64/19.29
=3.56

* 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.

KBC Groupe NV's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, KBC Groupe NV's adjusted Free Cash Flow per Share data for the three months ended in Dec. 2023 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=-32.967/128.2922*128.2922
=-32.967

Current CPI (Dec. 2023) = 128.2922.

KBC Groupe NV Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 13.053 99.819 16.776
201406 2.062 99.482 2.659
201409 8.081 99.195 10.451
201412 -13.519 99.086 -17.504
201503 12.060 99.423 15.562
201506 14.087 100.107 18.053
201509 2.926 100.245 3.745
201512 -4.057 100.572 -5.175
201603 10.026 101.653 12.653
201606 0.919 102.267 1.153
201609 11.288 102.118 14.181
201612 20.591 102.614 25.744
201703 21.916 103.972 27.042
201706 10.081 103.902 12.447
201709 3.296 104.170 4.059
201712 -4.781 104.804 -5.852
201803 27.093 105.419 32.972
201806 -19.674 106.063 -23.797
201809 8.169 106.618 9.830
201812 -34.511 107.252 -41.281
201903 13.315 107.876 15.835
201906 -24.607 107.896 -29.259
201909 -1.558 107.470 -1.860
201912 7.397 108.065 8.782
202003 0.120 108.550 0.142
202006 40.084 108.540 47.378
202009 13.261 108.441 15.689
202012 4.145 108.511 4.901
202103 62.947 109.522 73.735
202106 42.503 110.305 49.434
202109 -35.543 111.543 -40.880
202112 -37.671 114.705 -42.133
202203 61.393 118.620 66.399
202206 7.406 120.948 7.856
202209 -41.061 124.120 -42.441
202212 -3.324 126.578 -3.369
202303 -32.036 126.528 -32.483
202306 40.125 125.973 40.864
202309 -26.157 127.083 -26.406
202312 -32.967 128.292 -32.967

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.


KBC Groupe NV  (XBRU:KBC) 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.


KBC Groupe NV Cyclically Adjusted Price-to-FCF Related Terms

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


KBC Groupe NV (XBRU:KBC) Business Description

Industry
Address
Havenlaan 2, Brussels, BEL, B-1080
KBC was formed in 1998 by the merger of Belgian commercial bank Kredietbank, cooperative farmers bank CERA Bank, and cooperative insurer ABB Verzekering. KBC offers banking, insurance, and investment products. Belgium and the Czech Republic account for the bulk of KBC's profits, while the bank has smaller operations in Hungary, Slovakia, and Bulgaria.

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