GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Bristol-Myers Squibb Co (LIM:BMY) » Definitions » Cyclically Adjusted Price-to-FCF

Bristol-Myers Squibb Co (LIM:BMY) Cyclically Adjusted Price-to-FCF : 10.18 (As of May. 26, 2024)


View and export this data going back to 2020. Start your Free Trial

What is Bristol-Myers Squibb Co Cyclically Adjusted Price-to-FCF?

As of today (2024-05-26), Bristol-Myers Squibb Co's current share price is $44.10. Bristol-Myers Squibb Co's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was $4.33. Bristol-Myers Squibb Co's Cyclically Adjusted Price-to-FCF for today is 10.18.

The historical rank and industry rank for Bristol-Myers Squibb Co's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

LIM:BMY' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 9.06   Med: 24.17   Max: 40.86
Current: 9.06

During the past years, Bristol-Myers Squibb Co's highest Cyclically Adjusted Price-to-FCF was 40.86. The lowest was 9.06. And the median was 24.17.

LIM:BMY's Cyclically Adjusted Price-to-FCF is ranked better than
90.42% of 313 companies
in the Drug Manufacturers industry
Industry Median: 33.08 vs LIM:BMY: 9.06

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.

Bristol-Myers Squibb Co's adjusted free cash flow per share data for the three months ended in Mar. 2024 was $1.261. 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 $4.33 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Bristol-Myers Squibb Co Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Bristol-Myers Squibb Co'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.

Bristol-Myers Squibb Co Cyclically Adjusted Price-to-FCF Chart

Bristol-Myers Squibb Co 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 24.21 20.69 17.41 18.54 11.69

Bristol-Myers Squibb Co 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 16.83 15.49 13.48 11.69 11.91

Competitive Comparison of Bristol-Myers Squibb Co's Cyclically Adjusted Price-to-FCF

For the Drug Manufacturers - General subindustry, Bristol-Myers Squibb Co'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.


Bristol-Myers Squibb Co's Cyclically Adjusted Price-to-FCF Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Bristol-Myers Squibb Co's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Bristol-Myers Squibb Co's Cyclically Adjusted Price-to-FCF falls into.



Bristol-Myers Squibb Co 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.

Bristol-Myers Squibb Co's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=44.10/4.33
=10.18

* 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.

Bristol-Myers Squibb Co's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Bristol-Myers Squibb Co'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)
=1.261/131.7762*131.7762
=1.261

Current CPI (Mar. 2024) = 131.7762.

Bristol-Myers Squibb Co Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.567 100.560 0.743
201409 0.477 100.428 0.626
201412 0.227 99.070 0.302
201503 0.292 99.621 0.386
201506 -0.056 100.684 -0.073
201509 0.173 100.392 0.227
201512 0.355 99.792 0.469
201603 -0.280 100.470 -0.367
201606 0.106 101.688 0.137
201609 0.633 101.861 0.819
201612 0.637 101.863 0.824
201703 0.341 102.862 0.437
201706 0.810 103.349 1.033
201709 0.882 104.136 1.116
201712 0.525 104.011 0.665
201803 0.571 105.290 0.715
201806 0.525 106.317 0.651
201809 0.645 106.507 0.798
201812 1.995 105.998 2.480
201903 0.724 107.251 0.890
201906 1.156 108.070 1.410
201909 1.448 108.329 1.761
201912 0.995 108.420 1.209
202003 1.661 108.902 2.010
202006 1.928 108.767 2.336
202009 0.923 109.815 1.108
202012 1.364 109.897 1.636
202103 1.612 111.754 1.901
202106 1.266 114.631 1.455
202109 2.227 115.734 2.536
202112 1.683 117.630 1.885
202203 1.645 121.301 1.787
202206 0.926 125.017 0.976
202209 1.601 125.227 1.685
202212 1.395 125.222 1.468
202303 1.274 127.348 1.318
202306 0.775 128.729 0.793
202309 2.136 129.860 2.168
202312 1.929 129.419 1.964
202403 1.261 131.776 1.261

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.


Bristol-Myers Squibb Co  (LIM:BMY) 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.


Bristol-Myers Squibb Co Cyclically Adjusted Price-to-FCF Related Terms

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


Bristol-Myers Squibb Co (LIM:BMY) Business Description

Address
430 East 29th Street, 14th Floor, New York, NY, USA, 10016
Bristol-Myers Squibb discovers, develops, and markets drugs for various therapeutic areas, such as cardiovascular, cancer, and immune disorders. A key focus for Bristol is immuno-oncology, where the firm is a leader in drug development. Bristol derives close to 70% of total sales from the U.S., showing a higher dependence on the U.S. market than most of its peer group.