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NNN REIT (NNN REIT) Cyclically Adjusted Price-to-FCF : 11.84 (As of May. 01, 2024)


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What is NNN REIT Cyclically Adjusted Price-to-FCF?

As of today (2024-05-01), NNN REIT's current share price is $40.855. NNN REIT's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was $3.45. NNN REIT's Cyclically Adjusted Price-to-FCF for today is 11.84.

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

NNN' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 10.02   Med: 24.87   Max: 332.25
Current: 11.76

During the past years, NNN REIT's highest Cyclically Adjusted Price-to-FCF was 332.25. The lowest was 10.02. And the median was 24.87.

NNN's Cyclically Adjusted Price-to-FCF is ranked worse than
51.92% of 391 companies
in the REITs industry
Industry Median: 11.44 vs NNN: 11.76

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.

NNN REIT's adjusted free cash flow per share data for the three months ended in Dec. 2023 was $0.667. 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 $3.45 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


NNN REIT Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for NNN 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.

NNN REIT Cyclically Adjusted Price-to-FCF Chart

NNN 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 36.59 22.63 15.81 13.88 12.51

NNN REIT 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 13.88 13.08 12.51 10.22 12.51

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

For the REIT - Retail subindustry, NNN 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.


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

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

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



NNN 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=40.855/3.45
=11.84

* 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.

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

For example, NNN REIT'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)
=0.667/129.4194*129.4194
=0.667

Current CPI (Dec. 2023) = 129.4194.

NNN REIT Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 0.655 99.695 0.850
201406 0.476 100.560 0.613
201409 0.748 100.428 0.964
201412 0.505 99.070 0.660
201503 0.735 99.621 0.955
201506 0.529 100.684 0.680
201509 0.821 100.392 1.058
201512 0.457 99.792 0.593
201603 0.725 100.470 0.934
201606 0.592 101.688 0.753
201609 0.863 101.861 1.096
201612 0.690 101.863 0.877
201703 0.796 102.862 1.002
201706 0.658 103.349 0.824
201709 0.769 104.136 0.956
201712 0.600 104.011 0.747
201803 0.847 105.290 1.041
201806 0.637 106.317 0.775
201809 0.873 106.507 1.061
201812 0.664 105.998 0.811
201903 0.887 107.251 1.070
201906 0.566 108.070 0.678
201909 0.990 108.329 1.183
201912 0.601 108.420 0.717
202003 0.748 108.902 0.889
202006 0.348 108.767 0.414
202009 0.932 109.815 1.098
202012 0.585 109.897 0.689
202103 0.922 111.754 1.068
202106 0.684 114.631 0.772
202109 0.987 115.734 1.104
202112 0.658 117.630 0.724
202203 0.940 121.301 1.003
202206 0.634 125.017 0.656
202209 1.071 125.227 1.107
202212 0.627 125.222 0.648
202303 0.997 127.348 1.013
202306 0.652 128.729 0.655
202309 1.054 129.860 1.050
202312 0.667 129.419 0.667

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.


NNN REIT  (NYSE:NNN) 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.


NNN REIT Cyclically Adjusted Price-to-FCF Related Terms

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


NNN REIT (NNN REIT) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » NNN REIT Inc (NYSE:NNN) » Definitions » Cyclically Adjusted Price-to-FCF
Traded in Other Exchanges
Address
450 South Orange Avenue, Suite 900, Orlando, FL, USA, 32801
NNN REIT Inc is a real estate investment trust that invests in and develops properties throughout the United States. The company generates revenue from leasing properties to tenants, including convenience stores, automotive services, fitness centers, theatres, restaurants, and banks. Rents from convenience stores and restaurants contribute the majority proportion of total revenue, followed by automotive services, entertainment venues, and others. maximum of the company's properties are located in the South and Southeast of the United States.
Executives
Christopher Paul Tessitore officer: Executive Officer 450 SOUTH ORANGE AVENUE, SUITE 900, ORLANDO FL 32801
Jonathan Adamo officer: EVP, Portfolio Operations 450 S. ORANGE AVE., SUITE 900, ORLANDO FL 32801
Michelle Lynn Miller officer: EVP & Chief Accounting Officer 450 S ORANGE AVE, STE 900, ORLANDO FL 32801-3339
Elizabeth Gulacsy director C/O SEAWORLD ENTERTAINMENT, INC., 9205 SOUTH PARK CENTER LOOP, SUITE 400, ORLANDO FL 32819
Kevin B Habicht director, officer: EVP & CFO CNL REALTY INC, 450 SOUTH ORANGE AVENUE, ORLANDO FL 32801
Kamau Omari Witherspoon director 450 S. ORANGE AVE., SUITE 900, ORLANDO FL 32801
Julian E Whitehurst officer: EVP & General Counsel
Horn Stephen A Jr officer: EVP & Chief Acquisitions Offic 450 S. ORANGE AVE., SUITE 900, ORLANDO FL 32801
Steven D Cosler director PRIORITY HEALTHCARE CORPORATION, 250 TECHNOLOGY PARK, LAKE MARY FL 32746-6232
David M Fick director 450 S. ORANGE AVE., SUITE 900, ORLANDO FL 32801
Paul Eugene Bayer officer: Executive Officer 450 SOUTH ORANGE AVENUE, SUITE 900, ORLANDO FL 32801
Betsy D Holden director DENTSPLY SIRONA INC, 13320 BALLANTYNE CORPORATE PLACE, CHARLOTTE NC 28277
Craig Macnab officer: Chief Executive Officer C/O JDN PEALTY CORP, 359 EAST PACES FERRY RD, ATLANTA GA 30305
Beall Pamela K.m. director C/O MARATHON PETROLEUM CORPORATION, 539 S. MAIN STREET, FINDLAY OH 45840
Ted B Lanier director CNL REALTY INC, 450 SOUTH ORANGE AVENUE, ORLANDO FL 32801