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Bank of America (UKEX:BAC) Cyclically Adjusted Price-to-FCF : 16.33 (As of Jan. 13, 2025)


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What is Bank of America Cyclically Adjusted Price-to-FCF?

As of today (2025-01-13), Bank of America's current share price is ₴1310.00. Bank of America's Cyclically Adjusted FCF per Share for the quarter that ended in Sep. 2024 was ₴80.22. Bank of America's Cyclically Adjusted Price-to-FCF for today is 16.33.

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

UKEX:BAC' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 2.25   Med: 6.39   Max: 19.55
Current: 18.53

During the past years, Bank of America's highest Cyclically Adjusted Price-to-FCF was 19.55. The lowest was 2.25. And the median was 6.39.

UKEX:BAC's Cyclically Adjusted Price-to-FCF is ranked worse than
85.87% of 849 companies
in the Banks industry
Industry Median: 8.45 vs UKEX:BAC: 18.53

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.

Bank of America's adjusted free cash flow per share data for the three months ended in Sep. 2024 was ₴-200.024. 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 ₴80.22 for the trailing ten years ended in Sep. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Bank of America Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Bank of America'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.

Bank of America Cyclically Adjusted Price-to-FCF Chart

Bank of America 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 8.22 7.98 13.79 9.34 10.67

Bank of America Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 9.46 10.67 13.84 13.58 16.30

Competitive Comparison of Bank of America's Cyclically Adjusted Price-to-FCF

For the Banks - Diversified subindustry, Bank of America'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.


Bank of America's Cyclically Adjusted Price-to-FCF Distribution in the Banks Industry

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

* The bar in red indicates where Bank of America's Cyclically Adjusted Price-to-FCF falls into.



Bank of America 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.

Bank of America's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=1310.00/80.22
=16.33

* 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.

Bank of America's Cyclically Adjusted FCF per Share for the quarter that ended in Sep. 2024 is calculated as:

For example, Bank of America's adjusted Free Cash Flow per Share data for the three months ended in Sep. 2024 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Sep. 2024 (Change)*Current CPI (Sep. 2024)
=-200.024/133.0289*133.0289
=-200.024

Current CPI (Sep. 2024) = 133.0289.

Bank of America Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201412 -0.513 99.070 -0.689
201503 0.922 99.621 1.231
201506 -12.572 100.684 -16.611
201509 97.688 100.392 129.446
201512 21.625 99.792 28.827
201603 41.627 100.470 55.117
201606 58.640 101.688 76.713
201609 2.028 101.861 2.649
201612 -36.235 101.863 -47.322
201703 -50.438 102.862 -65.230
201706 37.762 103.349 48.606
201709 80.113 104.136 102.341
201712 -28.356 104.011 -36.267
201803 163.390 105.290 206.436
201806 -26.809 106.317 -33.545
201809 81.739 106.507 102.094
201812 -59.069 105.998 -74.132
201903 65.424 107.251 81.149
201906 -29.830 108.070 -36.719
201909 -25.851 108.329 -31.745
201912 276.174 108.420 338.859
202003 91.110 108.902 111.296
202006 -14.537 108.767 -17.780
202009 -157.670 109.815 -191.000
202012 263.478 109.897 318.937
202103 -253.422 111.754 -301.666
202106 -45.197 114.631 -52.451
202109 48.905 115.734 56.213
202112 230.223 117.630 260.363
202203 -234.863 121.301 -257.571
202206 -26.227 125.017 -27.908
202209 68.347 125.227 72.605
202212 161.275 125.222 171.330
202303 -58.560 127.348 -61.172
202306 61.846 128.729 63.912
202309 61.810 129.860 63.319
202312 173.656 129.419 178.499
202403 -82.040 131.776 -82.820
202406 96.387 132.554 96.732
202409 -200.024 133.029 -200.024

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.


Bank of America  (UKEX:BAC) 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.


Bank of America Cyclically Adjusted Price-to-FCF Related Terms

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


Bank of America Business Description

Industry
Address
100 North Tryon Street, Bank of America Corporate Center, Charlotte, NC, USA, 28255
Bank of America is one of the largest financial institutions in the United States, with more than $3.0 trillion in assets. It is organized into four major segments: consumer banking, global wealth and investment management, global banking, and global markets. Bank of America's consumer-facing lines of business include its network of branches and deposit-gathering operations, retail lending products, credit and debit cards, and small-business services. The company's Merrill Lynch operations provide brokerage and wealth-management services, as does its private bank. Wholesale lines of business include investment banking, corporate and commercial real estate lending, and capital markets operations. Bank of America has operations in several countries but is primarily US-focused.