Westpac Banking (ASX:WBCPC.PFD) Cyclically Adjusted Price-to-FCF : (As of May. 24, 2024)

Westpac Banking Cyclically Adjusted Price-to-FCF Chart

Westpac Banking Annual Data
	Trend	Sep14	Sep15	Sep16	Sep17	Sep18	Sep19	Sep20	Sep21	Sep22	Sep23
Cyclically Adjusted Price-to-FCF		Get a 7-Day Free Trial					8.67	3.33	3.77	2.85	3.34

Westpac Banking Semi-Annual Data
	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
Cyclically Adjusted Price-to-FCF	Get a 7-Day Free Trial															-	2.85	-	3.34	-

Competitive Comparison of Westpac Banking's Cyclically Adjusted Price-to-FCF

For the Banks - Diversified subindustry, Westpac Banking'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.

Westpac Banking's Cyclically Adjusted Price-to-FCF Distribution in the Banks Industry

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

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

Westpac Banking 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.

Westpac Banking does not have a history long enough to calculate Cyclically Adjusted FCF per Share. Therefore GuruFocus does not calculate Cyclically Adjusted Price-to-FCF for this company.

Westpac Banking  (ASX:WBCPC.PFD) 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.

Westpac Banking Cyclically Adjusted Price-to-FCF Related Terms

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Westpac Banking (ASX:WBCPC.PFD) Business Description