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National Bank of Greece (ATH:ETE) Cyclically Adjusted Price-to-FCF : (As of May. 24, 2024)


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What is National Bank of Greece Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


National Bank of Greece Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for National Bank of Greece'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.

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National Bank of Greece Cyclically Adjusted Price-to-FCF Chart

National Bank of Greece Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
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National Bank of Greece Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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Competitive Comparison of National Bank of Greece's Cyclically Adjusted Price-to-FCF

For the Banks - Regional subindustry, National Bank of Greece'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.


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

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

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



National Bank of Greece 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.

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

For example, National Bank of Greece'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)
=-2.2/117.2848*117.2848
=-2.200

Current CPI (Mar. 2024) = 117.2848.

National Bank of Greece Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -298.747 103.060 -339.980
201409 -42.550 102.624 -48.628
201412 59.615 100.254 69.742
201503 -18.556 100.549 -21.644
201506 -7.470 100.838 -8.688
201509 -15.569 100.856 -18.105
201512 -0.199 100.087 -0.233
201603 -0.268 99.041 -0.317
201606 -4.936 100.121 -5.782
201609 -1.799 99.878 -2.113
201612 1.872 100.110 2.193
201703 -1.798 100.770 -2.093
201706 -2.562 101.138 -2.971
201709 -3.447 100.882 -4.007
201712 -1.096 100.762 -1.276
201803 1.480 100.534 1.727
201806 1.901 102.121 2.183
201809 0.318 101.982 0.366
201812 1.571 101.330 1.818
201903 -2.376 101.482 -2.746
201906 0.010 101.837 0.012
201909 -1.255 101.906 -1.444
201912 1.557 102.120 1.788
202003 3.971 101.479 4.590
202006 4.796 100.239 5.612
202009 -0.351 99.886 -0.412
202012 3.633 99.751 4.272
202103 3.105 99.817 3.648
202106 2.861 101.270 3.313
202109 0.759 102.095 0.872
202112 0.570 104.853 0.638
202203 2.559 108.651 2.762
202206 1.633 113.517 1.687
202209 -0.976 114.371 -1.001
202212 -1.157 112.428 -1.207
202303 -3.191 113.620 -3.294
202306 -2.139 115.515 -2.172
202309 1.297 116.234 1.309
202312 -1.106 116.364 -1.115
202403 -2.200 117.285 -2.200

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.


National Bank of Greece  (ATH:ETE) 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.


National Bank of Greece Cyclically Adjusted Price-to-FCF Related Terms

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National Bank of Greece (ATH:ETE) Business Description

Traded in Other Exchanges
Address
86 Eolou Street, Athens, GRC, 10559
National Bank of Greece SA consists of a group of several subsidiaries of diverse financial services organized around a principal bank. The group's primary activities include retail and commercial banking, global investment management, investment banking, insurance, investment activities and securities trading. Its segments include Retail Banking, Corporate and Investment Banking, Special Assets Unit, Global Markets and Asset Management ,Insurance and International Banking Operations.

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