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Ladenburg Thalmann Financial Services (Ladenburg Thalmann Financial Services) Cyclically Adjusted Price-to-FCF : (As of May. 07, 2024)


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What is Ladenburg Thalmann Financial Services Cyclically Adjusted Price-to-FCF?

Note: If the price history is too short, we do not calculate current Cyclically Adjusted Price-to-FCF for this stock. All the historical data is shown as the company's primary share's data instead.

Shiller PE for Stocks: The True Measure of Stock Valuation


Ladenburg Thalmann Financial Services Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Ladenburg Thalmann Financial Services'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.

Ladenburg Thalmann Financial Services Cyclically Adjusted Price-to-FCF Chart

Ladenburg Thalmann Financial Services Annual Data
Trend Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19
Cyclically Adjusted Price-to-FCF
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Ladenburg Thalmann Financial Services Quarterly Data
Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19
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Competitive Comparison of Ladenburg Thalmann Financial Services's Cyclically Adjusted Price-to-FCF

For the Capital Markets subindustry, Ladenburg Thalmann Financial Services'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.


Ladenburg Thalmann Financial Services's Cyclically Adjusted Price-to-FCF Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Ladenburg Thalmann Financial Services's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Ladenburg Thalmann Financial Services's Cyclically Adjusted Price-to-FCF falls into.



Ladenburg Thalmann Financial Services 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.

Ladenburg Thalmann Financial Services's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2019 is calculated as:

For example, Ladenburg Thalmann Financial Services's adjusted Free Cash Flow per Share data for the three months ended in Dec. 2019 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Dec. 2019 (Change)*Current CPI (Dec. 2019)
=0.054/108.4201*108.4201
=0.054

Current CPI (Dec. 2019) = 108.4201.

Ladenburg Thalmann Financial Services Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201003 -0.007 91.821 -0.008
201006 -0.010 91.962 -0.012
201009 -0.010 92.162 -0.012
201012 0.017 92.474 0.020
201103 -0.007 94.283 -0.008
201106 0.000 95.235 0.000
201109 0.012 95.727 0.014
201112 -0.173 95.213 -0.197
201203 -0.020 96.783 -0.022
201206 0.010 96.819 0.011
201209 -0.001 97.633 -0.001
201212 0.022 96.871 0.025
201303 0.012 98.209 0.013
201306 -0.025 98.518 -0.028
201309 0.076 98.790 0.083
201312 0.013 98.326 0.014
201403 -0.010 99.695 -0.011
201406 0.039 100.560 0.042
201409 -0.052 100.428 -0.056
201412 0.121 99.070 0.132
201503 -0.071 99.621 -0.077
201506 0.037 100.684 0.040
201509 0.012 100.392 0.013
201512 0.083 99.792 0.090
201603 -0.059 100.470 -0.064
201606 0.030 101.688 0.032
201609 0.033 101.861 0.035
201612 0.034 101.863 0.036
201703 -0.069 102.862 -0.073
201706 0.025 103.349 0.026
201709 0.091 104.136 0.095
201712 -0.015 104.011 -0.016
201803 -0.089 105.290 -0.092
201806 0.175 106.317 0.178
201809 0.151 106.507 0.154
201812 -0.011 105.998 -0.011
201903 -0.163 107.251 -0.165
201906 0.233 108.070 0.234
201909 0.155 108.329 0.155
201912 0.054 108.420 0.054

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.


Ladenburg Thalmann Financial Services  (AMEX:LTS) 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.


Ladenburg Thalmann Financial Services Cyclically Adjusted Price-to-FCF Related Terms

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


Ladenburg Thalmann Financial Services (Ladenburg Thalmann Financial Services) Business Description

Traded in Other Exchanges
Address
4400 Biscayne Boulevard, 12th Floor, Miami, FL, USA, 33137
Ladenburg Thalmann Financial Services Inc is a United States-based company that provides diversified financial services. The company conducts operations through a number of subsidiaries, with three operating segments. The independent brokerage and advisory services segment consists of broker-dealer and investment advisory services, along with wealth-management services. The Ladenburg segment comprises investment banking, sales and trading and asset management services, and investment activities. The insurance brokerage segment comprises wholesale insurance brokerage activities. The company generates the majority of revenue from the independent brokerage and advisory services segment. Its business is concentrated in the United States.
Executives
Howard M Lorber other: Former Director 4400 BISCAYNE BLVD, 10TH FLOOR, MIAMI FL 33137
Henry C Beinstein other: Former Director 8 DOGWOOD LANE, LARCHMONT NY 10538-3418
Richard M Krasno other: Former Director C/O OPKO HEALTH, INC., 4400 BISCAYNE BLVD., MIAMI FL 31337
Brett Kaufman officer: Senior Vice President and CFO 4400 BISCAYNE BLVD., 12TH FLOOR, MIAMI FL 33137
Glenn C Davis other: Former Director 4400 BISCAYNE BOULEVARD, 12TH FLOOR, MIAMI FL 33137
Michael Liebowitz other: Former Director 4400 BISCAYNE BLVD, 10TH FLOOR, MIAMI FL 33137
Richard Lampen other: Former Director and Officer 4400 BISCAYNE BLVD.; 10TH FLOOR, MIAMI FL 33137
Mark Zeitchick other: Former Director and Officer GBI CAPITAL MANAGEMENT CORP, 1055 STEWART AVE, BETHPAGE NY 11714
Brian S Genson other: Former Director
Jacqueline M Simkin other: Former Director 801 BRICKELL AVENUE, SUITE 2350, MIAMI FL 33131
Adam Scott Malamed other: Former Director and Officer 4400 BISCAYNE BLVD., 12TH FLOOR, MIAMI FL 33137
Joseph Giovanniello other: Former Officer 520 MADISON AVENUE, 9TH FLOOR, NEW YORK NY 10022
Frost Phillip Md Et Al other: Former 10% Owner 4400 BISCAYNE BLVD, MIAMI FL 33137-3227
Frost Nevada Investments Trust other: Former 10% Owner 4400 BISCAYNE BOULEVARD, 15TH FLOOR, MIAMI FL 33137
Vector Group Ltd 10 percent owner 4400 BISCAYNE BOULEVARD, 10TH FLOOR, MIAMI FL 33137

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