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Fulton Financial (Fulton Financial) Cyclically Adjusted Price-to-FCF : 9.30 (As of Apr. 27, 2024)


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What is Fulton Financial Cyclically Adjusted Price-to-FCF?

As of today (2024-04-27), Fulton Financial's current share price is $15.62. Fulton Financial's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was $1.68. Fulton Financial's Cyclically Adjusted Price-to-FCF for today is 9.30.

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

FULT' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 6.03   Med: 10.73   Max: 14.85
Current: 9.27

During the past years, Fulton Financial's highest Cyclically Adjusted Price-to-FCF was 14.85. The lowest was 6.03. And the median was 10.73.

FULT's Cyclically Adjusted Price-to-FCF is ranked worse than
63.1% of 832 companies
in the Banks industry
Industry Median: 7.405 vs FULT: 9.27

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.

Fulton Financial's adjusted free cash flow per share data for the three months ended in Dec. 2023 was $-0.438. 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 $1.68 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Fulton Financial Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Fulton Financial'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.

Fulton Financial Cyclically Adjusted Price-to-FCF Chart

Fulton Financial 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 12.96 9.92 12.49 10.39 9.77

Fulton Financial 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 8.45 7.01 6.79 9.77 -

Competitive Comparison of Fulton Financial's Cyclically Adjusted Price-to-FCF

For the Banks - Regional subindustry, Fulton Financial'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.


Fulton Financial's Cyclically Adjusted Price-to-FCF Distribution in the Banks Industry

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

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



Fulton Financial 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.

Fulton Financial's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=15.62/1.68
=9.30

* 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.

Fulton Financial's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, Fulton Financial's adjusted Free Cash Flow per Share data for the three months ended in Dec. 2023 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=-0.438/129.4194*129.4194
=-0.438

Current CPI (Dec. 2023) = 129.4194.

Fulton Financial Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 0.285 99.695 0.370
201406 0.151 100.560 0.194
201409 0.258 100.428 0.332
201412 0.303 99.070 0.396
201503 0.129 99.621 0.168
201506 0.223 100.684 0.287
201509 0.301 100.392 0.388
201512 0.201 99.792 0.261
201603 0.141 100.470 0.182
201606 0.186 101.688 0.237
201609 0.367 101.861 0.466
201612 0.489 101.863 0.621
201703 0.367 102.862 0.462
201706 0.054 103.349 0.068
201709 0.663 104.136 0.824
201712 0.362 104.011 0.450
201803 0.323 105.290 0.397
201806 0.316 106.317 0.385
201809 0.508 106.507 0.617
201812 0.308 105.998 0.376
201903 0.157 107.251 0.189
201906 0.173 108.070 0.207
201909 -0.219 108.329 -0.262
201912 0.450 108.420 0.537
202003 -0.310 108.902 -0.368
202006 0.028 108.767 0.033
202009 0.370 109.815 0.436
202012 0.756 109.897 0.890
202103 1.215 111.754 1.407
202106 0.146 114.631 0.165
202109 0.501 115.734 0.560
202112 0.098 117.630 0.108
202203 -0.699 121.301 -0.746
202206 0.563 125.017 0.583
202209 3.130 125.227 3.235
202212 0.397 125.222 0.410
202303 0.258 127.348 0.262
202306 0.971 128.729 0.976
202309 1.184 129.860 1.180
202312 -0.438 129.419 -0.438

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.


Fulton Financial  (NAS:FULT) 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.


Fulton Financial Cyclically Adjusted Price-to-FCF Related Terms

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


Fulton Financial (Fulton Financial) Business Description

Industry
Traded in Other Exchanges
Address
One Penn Square, P.O Box 4887, Lancaster, PA, USA, 17602
Fulton Financial is a U.S.-based financial services holding company that operates in five states: Pennsylvania, Delaware, Maryland, New Jersey, and Virginia. It offers a range of consumer and commercial banking products and services, such as checking and savings deposit products and loan products. Its services cover five distinct divisions: consumer banking, commercial banking, mortgage banking, wealth management, and other. The bank derives its revenue from non-interest income, led by its Wealth Management division.
Executives
E Philip Wenger officer: Sr. Executive Vice President C/O FULTON FINANCIAL CORPORATION, ONE PENN SQUARE, LANCASTER PA 17602
Karthik Sridharan officer: Sr Executive Vice President 110 WEST FRONT STREET, RED BANK NJ 07701
Curtis J Myers officer: Sr. Executive Vice President C/O FULTON FINANCIAL CORPORATION, ONE PENN SQUARE, LANCASTER PA 17602
Mark R Mccollom officer: Sr. Executive Vice President 1130 BERKSHIRE BOULEVARD, WYOMISSING PA 19610
David M Campbell officer: Sr Executive Vice President C/O FULTON FINANCIAL CORPORATION, ONE PENN SQUARE, LANCASTER PA 17602
Meg R Mueller officer: SEVP & Chief Credit Officer C/O FULTON FINANCIAL CORPORATION, ONE PENN SQUARE, LANCASTER PA 17602
Andrew B Fiol officer: Sr Executive Vice President C/O FULTON FINANCIAL CORPORATION, ONE PENN SQUARE, LANCASTER PA 17602
George K Martin director C/O FULTON FINANCIAL CORPORATION, ONE PENN SQUARE, LANCASTER PA 17602
Moxley James R Iii director 10480 LITTLE PATUXENT PARKWAY, COLUMBIA MD 21044
Angela M Sargent officer: SEVP & Chief Info Office C/O FULTON FINANCIAL CORPORATION, ONE PENN SQUARE, LANCASTER PA 17602
Steven S Etter director C/O FULTON FINANCIAL CORPORATION, ONE PENN SQUARE, LANCASTER PA 17602
Angela M Snyder officer: Sr Executive Vice President C/O FULTON FINANCIAL CORPORATION, ONE PENN SQUARE, LANCASTER PA 17602
Antoinette M Pergolin director C/O FULTON FINANCIAL CORPORATION, ONE PENN SQUARE, LANCASTER PA 17602
Natasha R. Luddington officer: Sr. Executive Vice President C/O FULTON FINANCIAL CORPORATION, ONE PENN SQUARE, LANCASTER PA 17602
Daniel R Stolzer officer: Sr Executive Vice President C/O CODORUS VALLEY BANCORP INC, 105 LEADER HEIGHTS ROAD, YORK PA 17403

Fulton Financial (Fulton Financial) Headlines