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Citizens Bancshares (Citizens Bancshares) Cyclically Adjusted Price-to-FCF : (As of Apr. 27, 2024)


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What is Citizens Bancshares Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Citizens Bancshares Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Citizens Bancshares'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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Citizens Bancshares Cyclically Adjusted Price-to-FCF Chart

Citizens Bancshares Annual Data
Trend Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15
Cyclically Adjusted Price-to-FCF
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Citizens Bancshares Quarterly Data
Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16
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Competitive Comparison of Citizens Bancshares's Cyclically Adjusted Price-to-FCF

For the Banks - Regional subindustry, Citizens Bancshares'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.


Citizens Bancshares's Cyclically Adjusted Price-to-FCF Distribution in the Banks Industry

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

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



Citizens Bancshares 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.

Citizens Bancshares's Cyclically Adjusted FCF per Share for the quarter that ended in Sep. 2016 is calculated as:

For example, Citizens Bancshares's adjusted Free Cash Flow per Share data for the three months ended in Sep. 2016 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Sep. 2016 (Change)*Current CPI (Sep. 2016)
=-0.374/101.8610*101.8610
=-0.374

Current CPI (Sep. 2016) = 101.8610.

Citizens Bancshares Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
200612 0.389 85.142 0.465
200703 0.073 86.640 0.086
200706 0.343 87.906 0.397
200709 0.028 87.964 0.032
200712 1.173 88.616 1.348
200803 -0.175 90.090 -0.198
200806 0.630 92.320 0.695
200809 0.524 92.307 0.578
200812 0.624 88.697 0.717
200903 -2.069 89.744 -2.348
200906 0.331 91.003 0.370
200909 0.602 91.120 0.673
200912 -0.348 91.111 -0.389
201003 0.486 91.821 0.539
201006 0.112 91.962 0.124
201009 0.739 92.162 0.817
201012 1.170 92.474 1.289
201103 0.678 94.283 0.732
201106 0.256 95.235 0.274
201109 1.182 95.727 1.258
201112 0.834 95.213 0.892
201203 0.545 96.783 0.574
201206 1.659 96.819 1.745
201209 1.275 97.633 1.330
201212 0.566 96.871 0.595
201303 0.323 98.209 0.335
201306 0.840 98.518 0.869
201309 0.844 98.790 0.870
201312 0.002 98.326 0.002
201403 0.116 99.695 0.119
201406 0.379 100.560 0.384
201409 0.720 100.428 0.730
201412 0.317 99.070 0.326
201503 0.046 99.621 0.047
201506 0.354 100.684 0.358
201509 0.473 100.392 0.480
201512 0.057 99.792 0.058
201603 0.306 100.470 0.310
201606 0.307 101.688 0.308
201609 -0.374 101.861 -0.374

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.


Citizens Bancshares  (OTCPK:CZBS) 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.


Citizens Bancshares Cyclically Adjusted Price-to-FCF Related Terms

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


Citizens Bancshares (Citizens Bancshares) Business Description

Traded in Other Exchanges
N/A
Address
230 Peachtree Street NW, Suite 2700, Atlanta, GA, USA, 30303
Citizens Bancshares Corp is a bank holding company. The company provides a range of commercial banking to individual and corporate customers through its subsidiary. The bank offers a range of commercial and consumer deposit accounts, including non-interest-bearing checking accounts, individual retirement accounts, time certificates of deposit and regular savings accounts. Citizens Bancshares engages in a range of lending activities, including consumer/installment loans, mortgage loans, home equity lines of credit, and construction loans and commercial loans.
Executives
Cynthia N Day director, officer: President & CEO 75 PIEDMONT AVE, ATLANTA GA 30303