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Korfez Gayrimenkul Yatirim Ortakligi AS (IST:KRGYO) Cyclically Adjusted Price-to-FCF : 118.18 (As of Jun. 06, 2024)


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What is Korfez Gayrimenkul Yatirim Ortakligi AS Cyclically Adjusted Price-to-FCF?

As of today (2024-06-06), Korfez Gayrimenkul Yatirim Ortakligi AS's current share price is ₺26.00. Korfez Gayrimenkul Yatirim Ortakligi AS's Cyclically Adjusted FCF per Share for the fiscal year that ended in Dec23 was ₺0.22. Korfez Gayrimenkul Yatirim Ortakligi AS's Cyclically Adjusted Price-to-FCF for today is 118.18.

The historical rank and industry rank for Korfez Gayrimenkul Yatirim Ortakligi AS's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

IST:KRGYO' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 40.67   Med: 112.77   Max: 177.27
Current: 117.56

During the past 11 years, Korfez Gayrimenkul Yatirim Ortakligi AS's highest Cyclically Adjusted Price-to-FCF was 177.27. The lowest was 40.67. And the median was 112.77.

IST:KRGYO's Cyclically Adjusted Price-to-FCF is ranked worse than
96.67% of 390 companies
in the REITs industry
Industry Median: 11.47 vs IST:KRGYO: 117.56

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.

Korfez Gayrimenkul Yatirim Ortakligi AS's adjusted free cash flow per share data of for the fiscal year that ended in Dec23 was ₺0.790. 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 ₺0.22 for the trailing ten years ended in Dec23.

Shiller PE for Stocks: The True Measure of Stock Valuation


Korfez Gayrimenkul Yatirim Ortakligi AS Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Korfez Gayrimenkul Yatirim Ortakligi AS'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.

Korfez Gayrimenkul Yatirim Ortakligi AS Cyclically Adjusted Price-to-FCF Chart

Korfez Gayrimenkul Yatirim Ortakligi AS 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 - - - 63.72 136.49

Korfez Gayrimenkul Yatirim Ortakligi AS Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 63.72 - - - 136.49

Competitive Comparison of Korfez Gayrimenkul Yatirim Ortakligi AS's Cyclically Adjusted Price-to-FCF

For the REIT - Residential subindustry, Korfez Gayrimenkul Yatirim Ortakligi AS'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.


Korfez Gayrimenkul Yatirim Ortakligi AS's Cyclically Adjusted Price-to-FCF Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Korfez Gayrimenkul Yatirim Ortakligi AS's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Korfez Gayrimenkul Yatirim Ortakligi AS's Cyclically Adjusted Price-to-FCF falls into.



Korfez Gayrimenkul Yatirim Ortakligi AS 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.

Korfez Gayrimenkul Yatirim Ortakligi AS's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=26.00/0.22
=118.18

* 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.

Korfez Gayrimenkul Yatirim Ortakligi AS's Cyclically Adjusted FCF per Share for the fiscal year that ended in Dec23 is calculated as:

For example, Korfez Gayrimenkul Yatirim Ortakligi AS's adjusted Free Cash Flow per Share data for the fiscal year that ended in Dec23 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Dec23 (Change)*Current CPI (Dec23)
=0.79/129.4194*129.4194
=0.790

Current CPI (Dec23) = 129.4194.

Korfez Gayrimenkul Yatirim Ortakligi AS Annual Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201412 0.091 99.070 0.119
201512 0.172 99.792 0.223
201612 0.011 101.863 0.014
201712 -0.407 104.011 -0.506
201812 0.025 105.998 0.031
201912 0.080 108.420 0.095
202012 0.617 109.897 0.727
202112 0.139 117.630 0.153
202212 0.535 125.222 0.553
202312 0.790 129.419 0.790

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.


Korfez Gayrimenkul Yatirim Ortakligi AS  (IST:KRGYO) 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.


Korfez Gayrimenkul Yatirim Ortakligi AS Cyclically Adjusted Price-to-FCF Related Terms

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


Korfez Gayrimenkul Yatirim Ortakligi AS (IST:KRGYO) Business Description

Traded in Other Exchanges
N/A
Address
Büyükdere Caddesi No:129/1 K:9, Esentepe - ?i?li, Istanbul, TUR
Korfez Gayrimenkul Yatirim Ortakligi A.S. is a real estate investment trust. The company is engaged in residential and commercial properties.

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