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City Office REIT (City Office REIT) Cyclically Adjusted Price-to-FCF : 3.10 (As of May. 26, 2024)


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What is City Office REIT Cyclically Adjusted Price-to-FCF?

As of today (2024-05-26), City Office REIT's current share price is $4.77. City Office REIT's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was $1.54. City Office REIT's Cyclically Adjusted Price-to-FCF for today is 3.10.

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

CIO' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 2.3   Med: 4.11   Max: 13.93
Current: 3.1

During the past years, City Office REIT's highest Cyclically Adjusted Price-to-FCF was 13.93. The lowest was 2.30. And the median was 4.11.

CIO's Cyclically Adjusted Price-to-FCF is ranked better than
92.25% of 387 companies
in the REITs industry
Industry Median: 11.26 vs CIO: 3.10

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.

City Office REIT's adjusted free cash flow per share data for the three months ended in Mar. 2024 was $0.409. 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 $1.54 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


City Office REIT Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for City Office REIT'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.

City Office REIT Cyclically Adjusted Price-to-FCF Chart

City Office REIT 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 - - - 5.81 4.02

City Office REIT 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 4.61 3.65 2.81 4.02 3.38

Competitive Comparison of City Office REIT's Cyclically Adjusted Price-to-FCF

For the REIT - Office subindustry, City Office REIT'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.


City Office REIT's Cyclically Adjusted Price-to-FCF Distribution in the REITs Industry

For the REITs industry and Real Estate sector, City Office REIT's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where City Office REIT's Cyclically Adjusted Price-to-FCF falls into.



City Office REIT 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.

City Office REIT's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=4.77/1.54
=3.10

* 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.

City Office REIT's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, City Office REIT's adjusted Free Cash Flow per Share data for the three months ended in Mar. 2024 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=0.409/126.2576*126.2576
=0.409

Current CPI (Mar. 2024) = 126.2576.

City Office REIT Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.086 99.473 0.109
201409 0.378 99.394 0.480
201412 0.190 98.367 0.244
201503 0.218 99.789 0.276
201506 0.236 100.500 0.296
201509 0.552 100.421 0.694
201512 0.135 99.947 0.171
201603 0.339 101.054 0.424
201606 -0.112 102.002 -0.139
201609 0.468 101.765 0.581
201612 0.260 101.449 0.324
201703 0.100 102.634 0.123
201706 0.294 103.029 0.360
201709 0.448 103.345 0.547
201712 0.358 103.345 0.437
201803 0.050 105.004 0.060
201806 0.264 105.557 0.316
201809 0.499 105.636 0.596
201812 0.303 105.399 0.363
201903 0.071 106.979 0.084
201906 0.399 107.690 0.468
201909 0.437 107.611 0.513
201912 0.226 107.769 0.265
202003 0.197 107.927 0.230
202006 0.433 108.401 0.504
202009 0.370 108.164 0.432
202012 0.283 108.559 0.329
202103 0.352 110.298 0.403
202106 0.464 111.720 0.524
202109 0.690 112.905 0.772
202112 0.169 113.774 0.188
202203 0.330 117.646 0.354
202206 1.356 120.806 1.417
202209 0.527 120.648 0.552
202212 0.235 120.964 0.245
202303 0.348 122.702 0.358
202306 0.343 124.203 0.349
202309 0.515 125.230 0.519
202312 0.227 125.072 0.229
202403 0.409 126.258 0.409

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.


City Office REIT  (NYSE:CIO) 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.


City Office REIT Cyclically Adjusted Price-to-FCF Related Terms

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


City Office REIT (City Office REIT) Business Description

Industry
Traded in Other Exchanges
Address
666 Burrard Street, Suite 3210, Vancouver, BC, CAN, V6C 2X8
City Office REIT Inc is a real estate investment trust. It is focused on acquiring, owning, and operating high-quality office properties located predominantly in Sun Belt markets. The company owns office buildings in the metropolitan areas of Dallas, Denver, Orlando, Phoenix, Portland, Raleigh, San Diego, Seattle, and Tampa.
Executives
Michael Mazan director 3210-666 BURRARD STREET, VANCOUVER A1 V6C2X8
William R Flatt director 188 E. CAPITOL STREET, SUITE 1000, JACKSON MS 39201
Anthony Maretic officer: Chief Financial Officer 1075 WEST GEORGIA STREET, SUITE 2600, VANCOUVER A1 V6E 3C9
James Thomas Farrar director, officer: Chief Executive Officer 1075 WEST GEORGIA STREET, SUITE 2600, VANCOUVER A1 V6E 3C9
Stephen B Shraiberg director 1331 SEVENTEENTH STREET, STE. 300, DENVER CO 80202
Gregory Tylee officer: See Remarks 1075 WEST GEORGIA STREET, SUITE 2600, VANCOUVER A1 V6E 3C9
John Sweet director SUITE 2990, 500 NORTH AKARD STREET, DALLAS TX 75201
Sabah Mirza director 27 FASKEN DRIVE, TORONTO A6 M9W1K6
Mark Wilhelm Murski director 1312 CLEAVER DRIVE, OAKVILLE A6 L6J IW4
John R. Mclernon director 200 GRANVILLE STREET, 19TH FLOOR, VANCOUVER A1 V6C 2R6
Jeffrey David Kohn director 1029 17 AVE SW, SUITE 200, CALGARY A0 T2T 0A9
Samuel Belzberg 10 percent owner

City Office REIT (City Office REIT) Headlines