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Phillips Edison (Phillips Edison) Cyclically Adjusted Price-to-FCF : 20.41 (As of May. 26, 2024)


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What is Phillips Edison Cyclically Adjusted Price-to-FCF?

As of today (2024-05-26), Phillips Edison's current share price is $31.43. Phillips Edison's Cyclically Adjusted FCF per Share for the fiscal year that ended in Dec23 was $1.54. Phillips Edison's Cyclically Adjusted Price-to-FCF for today is 20.41.

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

PECO' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 20.36   Med: 23.12   Max: 24.81
Current: 20.36

During the past 11 years, Phillips Edison's highest Cyclically Adjusted Price-to-FCF was 24.81. The lowest was 20.36. And the median was 23.12.

PECO's Cyclically Adjusted Price-to-FCF is ranked worse than
72.87% of 387 companies
in the REITs industry
Industry Median: 11.26 vs PECO: 20.36

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.

Phillips Edison's adjusted free cash flow per share data of for the fiscal year that ended in Dec23 was $1.472. 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 Dec23.

Shiller PE for Stocks: The True Measure of Stock Valuation


Phillips Edison Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Phillips Edison'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.

Phillips Edison Cyclically Adjusted Price-to-FCF Chart

Phillips Edison 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 - - - 23.13 23.63

Phillips Edison 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 - - - 23.63 -

Competitive Comparison of Phillips Edison's Cyclically Adjusted Price-to-FCF

For the REIT - Retail subindustry, Phillips Edison'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.


Phillips Edison's Cyclically Adjusted Price-to-FCF Distribution in the REITs Industry

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

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



Phillips Edison 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.

Phillips Edison's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=31.43/1.54
=20.41

* 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.

Phillips Edison's Cyclically Adjusted FCF per Share for the fiscal year that ended in Dec23 is calculated as:

For example, Phillips Edison'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)
=1.472/129.4194*129.4194
=1.472

Current CPI (Dec23) = 129.4194.

Phillips Edison Annual Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201412 0.986 99.070 1.288
201512 1.386 99.792 1.797
201612 1.237 101.863 1.572
201712 1.019 104.011 1.268
201812 1.296 105.998 1.582
201912 1.388 108.420 1.657
202012 1.319 109.897 1.553
202112 1.610 117.630 1.771
202212 1.430 125.222 1.478
202312 1.472 129.419 1.472

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.


Phillips Edison  (NAS:PECO) 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.


Phillips Edison Cyclically Adjusted Price-to-FCF Related Terms

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


Phillips Edison (Phillips Edison) Business Description

Industry
Traded in Other Exchanges
Address
11501 Northlake Drive, Cincinnati, OH, USA, 45249
Phillips Edison & Co Inc is a real estate investment trust. It invests primarily in well-occupied, grocery-anchored neighborhood and community shopping centers. It holds an integrated in-house operating platform built on market leading expertise designed to optimize property value and consistently deliver a great shopping experience.
Executives
Anthony E Terry director 9002 SAN MARCO COURT, ORLANDO FL 32819
Parilee Edison Wang director 3982 SADDLEBACK ROAD, PARK CITY UT 84098
Leslie T Chao director 103 EISENHOWER PARKWAY, ROSELAND NJ 07068
Paul Massey director PHILLIPS EDISON-ARC SHOPPING CENTER REIT, 11501 NORTHLAKE DRIVE, CINCINNATI OH 45249
John P Caulfield officer: CFO, SVP & Treasurer 11501 NORTHLAKE DRIVE, CINCINNATI OH 45249
Elizabeth Fischer director 11501 NORTHLAKE DRIVE, CINCINNATI OH 45249
Jane Silfen director 11501 NORTHLAKE DRIVE, CINCINNATI OH 45249
David W Garrison director C/O SONICWALL, INC.,, 1143 BORREGAS AVE, SUNNYVALE CA 94089
John A. Strong director 11501 NORTHLAKE DRIVE, CINCINNATI OH 45249
Tanya Brady officer: See Remarks C/O PHILLIPS EDISON & COMPANY, INC., 11501 NORTHLAKE DRIVE, CINCINNATI OH 45249
Gregory S. Wood director 800 SOUTH ST. STE # 305, WALTHAM MA 02453
Stephen R Quazzo director C/O STARWOOD HOTELS & RESORTS WORLDWIDE, 44 SOUTH BROADWAY, WHITE PLAINS NY 10601
Devin Ignatius Murphy officer: CFO, Secretary and Treasurer 104 MAIN STREET, SOUTHPORT CT 06890
Jeffrey Edison director, officer: Chairman of the Board & CEO 11501 NORTHLAKE DRIVE, CINCINNATI OH 45249
Robert Mark Addy officer: Executive Vice President 11501 NORTHLAKE DRIVE, CINCINNATI OH 45249