GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Servisfirst Bancshares Inc (NYSE:SFBS) » Definitions » Cyclically Adjusted Price-to-FCF

Servisfirst Bancshares (Servisfirst Bancshares) Cyclically Adjusted Price-to-FCF : 18.47 (As of Apr. 27, 2024)


View and export this data going back to 2014. Start your Free Trial

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

As of today (2024-04-27), Servisfirst Bancshares's current share price is $60.75. Servisfirst Bancshares's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was $3.29. Servisfirst Bancshares's Cyclically Adjusted Price-to-FCF for today is 18.47.

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

SFBS' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 12.87   Med: 23.01   Max: 38
Current: 18.62

During the past years, Servisfirst Bancshares's highest Cyclically Adjusted Price-to-FCF was 38.00. The lowest was 12.87. And the median was 23.01.

SFBS's Cyclically Adjusted Price-to-FCF is ranked worse than
88.57% of 831 companies
in the Banks industry
Industry Median: 7.47 vs SFBS: 18.62

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.

Servisfirst Bancshares's adjusted free cash flow per share data for the three months ended in Dec. 2023 was $1.651. 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 $3.29 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Servisfirst Bancshares Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Servisfirst 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.

Servisfirst Bancshares Cyclically Adjusted Price-to-FCF Chart

Servisfirst 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 23.46 21.12 34.44 22.75 20.24

Servisfirst 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 17.49 12.88 16.36 20.24 -

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

For the Banks - Regional subindustry, Servisfirst 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.


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

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

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



Servisfirst 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=60.75/3.29
=18.47

* 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.

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

For example, Servisfirst Bancshares'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)
=1.651/129.4194*129.4194
=1.651

Current CPI (Dec. 2023) = 129.4194.

Servisfirst Bancshares Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 0.381 99.695 0.495
201406 0.400 100.560 0.515
201409 0.048 100.428 0.062
201412 0.447 99.070 0.584
201503 0.221 99.621 0.287
201506 0.248 100.684 0.319
201509 0.426 100.392 0.549
201512 0.441 99.792 0.572
201603 0.470 100.470 0.605
201606 0.199 101.688 0.253
201609 0.505 101.861 0.642
201612 0.250 101.863 0.318
201703 0.413 102.862 0.520
201706 0.202 103.349 0.253
201709 0.570 104.136 0.708
201712 0.613 104.011 0.763
201803 0.707 105.290 0.869
201806 0.695 106.317 0.846
201809 0.711 106.507 0.864
201812 0.952 105.998 1.162
201903 0.757 107.251 0.913
201906 0.355 108.070 0.425
201909 0.762 108.329 0.910
201912 1.119 108.420 1.336
202003 0.957 108.902 1.137
202006 0.957 108.767 1.139
202009 0.226 109.815 0.266
202012 1.346 109.897 1.585
202103 1.181 111.754 1.368
202106 0.926 114.631 1.045
202109 1.318 115.734 1.474
202112 1.294 117.630 1.424
202203 1.258 121.301 1.342
202206 1.029 125.017 1.065
202209 1.284 125.227 1.327
202212 1.361 125.222 1.407
202303 0.987 127.348 1.003
202306 0.692 128.729 0.696
202309 0.216 129.860 0.215
202312 1.651 129.419 1.651

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.


Servisfirst Bancshares  (NYSE:SFBS) 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.


Servisfirst Bancshares Cyclically Adjusted Price-to-FCF Related Terms

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


Servisfirst Bancshares (Servisfirst Bancshares) Business Description

Traded in Other Exchanges
N/A
Address
2500 Woodcrest Place, Birmingham, AL, USA, 35209
Servisfirst Bancshares Inc is a bank holding company. It originates commercial, consumer and other loans and accepts deposits, provides electronic banking services, such as online and mobile banking, including remote deposit capture, delivers treasury and cash management services, and provides banking services to other financial institutions. The company offers a range of products and services which include telephone banking, direct deposit, Internet banking, mobile banking, boxes, and automatic account transfers.
Executives
Rodney Eldon Rushing officer: EVP-Correspondent Banking 2500 WOODCREST PLACE, BIRMINGHAM AL 35209
Kirk Pressley officer: EVP, Strategic Planning 2500 WOODCREST PLACE, BIRMINGHAM AL 35209
Thomas A Broughton director, officer: President and CEO 4229 OLD BROOK TRAIL, BIRMINGHAM AL 35243
Irma Loya Tuder director 116 CLIFTS COVE, MADISON AL 35758
Smith Hatton C.v. director 160 CLEAGE DRIVE, BIRMINGHAM AL 35217
Elizabeth Bugg Holloway director 7 MONTCREST DRIVE, BIRMINGHAM AL 35213
James J Filler director 2964 SHOOK HILL PARKWAY, BIRMINGHAM AL 35223
William M Foshee officer: EVP & CFO 5120 STRATFORD ROAD, BIRMINGHAM AL 35242
J. Richard Cashio director 3200 STERLING ROAD, BIRMINGHAM AL 35213
Henry Fulbrook Abbott officer: SVP, Chief Credit Officer 2500 WOODCREST PLACE, BIRMINGHAM AL 35209
Andrew N Kattos officer: EVP, Huntsville Pres. of Bank P. O. BOX 18127, HUNTSVILLE AL 35804
G. Carlton Barker officer: EVP, Montgomery Pres. of Bank P. O. BOX 4008, MONTGOMERY AL 36104
Pouncey Clarence C. Iii officer: Executive VP and COO P. O. BOX 1508, BIRMINGHAM AL 35201-1508
Morris Buford Harrison Iii officer: EVP - Regional CEO 3207 FOXRIDGE ROAD, DOTHAN AL 36303
Rex D Mckinney officer: CEO - ServisFirst Bk Pensacola SERVISFIRST BANK, 316 S BAYLEN ST, STE 100, PENSACOLA FL 35202

Servisfirst Bancshares (Servisfirst Bancshares) Headlines