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PacWest Bancorp (PacWest Bancorp) Cyclically Adjusted Price-to-FCF : 1.65 (As of Jun. 06, 2024)


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What is PacWest Bancorp Cyclically Adjusted Price-to-FCF?

As of today (2024-06-06), PacWest Bancorp's current share price is $7.54. PacWest Bancorp's Cyclically Adjusted FCF per Share for the quarter that ended in Sep. 2023 was $4.57. PacWest Bancorp's Cyclically Adjusted Price-to-FCF for today is 1.65.

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

PACW' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 1.01   Med: 9.36   Max: 13.63
Current: 1.65

During the past years, PacWest Bancorp's highest Cyclically Adjusted Price-to-FCF was 13.63. The lowest was 1.01. And the median was 9.36.

PACW's Cyclically Adjusted Price-to-FCF is not ranked
in the Banks industry.
Industry Median: 7.3 vs PACW: 1.65

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.

PacWest Bancorp's adjusted free cash flow per share data for the three months ended in Sep. 2023 was $0.251. 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 $4.57 for the trailing ten years ended in Sep. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


PacWest Bancorp Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for PacWest Bancorp'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.

PacWest Bancorp Cyclically Adjusted Price-to-FCF Chart

PacWest Bancorp Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 8.01 8.67 6.25 10.82 5.06

PacWest Bancorp Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
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 4.93 5.06 2.17 1.78 1.73

Competitive Comparison of PacWest Bancorp's Cyclically Adjusted Price-to-FCF

For the Banks - Regional subindustry, PacWest Bancorp'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.


PacWest Bancorp's Cyclically Adjusted Price-to-FCF Distribution in the Banks Industry

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

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



PacWest Bancorp 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.

PacWest Bancorp's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=7.54/4.57
=1.65

* 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.

PacWest Bancorp's Cyclically Adjusted FCF per Share for the quarter that ended in Sep. 2023 is calculated as:

For example, PacWest Bancorp's adjusted Free Cash Flow per Share data for the three months ended in Sep. 2023 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Sep. 2023 (Change)*Current CPI (Sep. 2023)
=0.251/129.8595*129.8595
=0.251

Current CPI (Sep. 2023) = 129.8595.

PacWest Bancorp Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201312 -0.396 98.326 -0.523
201403 0.585 99.695 0.762
201406 0.255 100.560 0.329
201409 0.920 100.428 1.190
201412 1.810 99.070 2.373
201503 1.226 99.621 1.598
201506 1.477 100.684 1.905
201509 0.937 100.392 1.212
201512 1.244 99.792 1.619
201603 0.973 100.470 1.258
201606 1.130 101.688 1.443
201609 1.287 101.861 1.641
201612 0.945 101.863 1.205
201703 1.179 102.862 1.488
201706 0.333 103.349 0.418
201709 1.276 104.136 1.591
201712 0.538 104.011 0.672
201803 1.037 105.290 1.279
201806 1.352 106.317 1.651
201809 1.223 106.507 1.491
201812 0.972 105.998 1.191
201903 1.155 107.251 1.398
201906 0.951 108.070 1.143
201909 1.389 108.329 1.665
201912 0.811 108.420 0.971
202003 0.949 108.902 1.132
202006 1.312 108.767 1.566
202009 0.578 109.815 0.684
202012 0.793 109.897 0.937
202103 1.202 111.754 1.397
202106 0.731 114.631 0.828
202109 1.150 115.734 1.290
202112 0.802 117.630 0.885
202203 1.082 121.301 1.158
202206 1.115 125.017 1.158
202209 1.711 125.227 1.774
202212 1.033 125.222 1.071
202303 -0.300 127.348 -0.306
202306 0.931 128.729 0.939
202309 0.251 129.860 0.251

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.


PacWest Bancorp  (NAS:PACW) 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.


PacWest Bancorp Cyclically Adjusted Price-to-FCF Related Terms

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


PacWest Bancorp (PacWest Bancorp) Business Description

Industry
Traded in Other Exchanges
N/A
Address
9701 Wilshire Boulevard, Suite 700, Beverly Hills, CA, USA, 90212
PacWest Bancorp is a bank holding company with one wholly-owned banking subsidiary, Pacific Western Bank. The bank has tens of full-service branches mostly located throughout California. The bank provides commercial banking services, including real estate, construction, and commercial loans, as well as comprehensive deposit and treasury management services, to small and midsize businesses. The Bank also provides venture banking products including a comprehensive suite of financial services focused on entrepreneurial and venture-backed businesses. The vast majority of the bank's net revenue comes from net interest income.
Executives
Christopher D Blake officer: Exec VP, Director of HR PACWEST BANCORP, 9701 WILSHIRE BOULEVARD, SUITE 700, BEVERLY HILLS CA 90212
Mark Yung director C/O 335 CONNIE CRESENT, CONCORD A6 L4K 5R2
Eggemeyer John M Iii director PO BOX 1329, RANCHO SANTA FE CA 92067
Craig A Carlson director PACWEST BANCORP, 9701 WILSHIRE BOULEVARD, SUITE 700, BEVERLY HILLS CA 90212
Susan E Lester director PACWEST BANCORP, 9701 WILSHIRE BOULEVARD, SUITE 700, BEVERLY HILLS CA 90212
C William Hosler director PACWEST BANCORP, 9701 WILSHIRE BOULEVARD, SUITE 700, BEVERLY HILLS CA 90212
Paul Robert Burke director PACWEST BANCORP, 9701 WILSHIRE BOULEVARD, SUITE 700, BEVERLY HILLS CA 90212
William J Black officer: EVP, Strategy & Corp. Dev. PACWEST BANCORP, 9701 WILSHIRE BOULEVARD, SUITE 700, BEVERLY HILLS CA 90212
Paul W Taylor director 1331 SEVENTEENTH STREET,, SUITE 200, DENVER CO 80202
Stephanie B Mudick director C/O THE STUDENT LOAN CORPORATION, 750 WASHINGTON BLVD., 9TH FLOOR, STAMFORD CT 06897
Matthew P Wagner director, officer: CEO and President PACWEST BANCORP, 9701 WILSHIRE BOULEVARD, SUITE 700, BEVERLY HILLS CA 90212
Kevin L Thompson officer: EVP, CHIEF FINANCIAL OFFICER 18101 VON KARMAN AVENUE, STE. 750, IRVINE CA 92612
Stanley R Ivie officer: EVP, Chief Risk Officer PACWEST BANCORP, 9701 WILSHIRE BOULEVARD, SUITE 700, BEVERLY HILLS CA 90212
Bryan M Corsini officer: EVP & Chief Credit Officer PACWEST BANCORP, 9701 WILSHIRE BOULEVARD, SUITE 700, BEVERLY HILLS CA 90212
Daniel B Platt director PACWEST BANCORP, 9701 WILSHIRE BOULEVARD, SUITE 700, BEVERLY HILLS CA 90212

PacWest Bancorp (PacWest Bancorp) Headlines

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