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PS Business Parks (PS Business Parks) Cyclically Adjusted Price-to-FCF : (As of May. 06, 2024)


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What is PS Business Parks Cyclically Adjusted Price-to-FCF?

Note: If the price history is too short, we do not calculate current Cyclically Adjusted Price-to-FCF for this stock. All the historical data is shown as the company's primary share's data instead.

Shiller PE for Stocks: The True Measure of Stock Valuation


PS Business Parks Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for PS Business Parks'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.

PS Business Parks Cyclically Adjusted Price-to-FCF Chart

PS Business Parks Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Cyclically Adjusted Price-to-FCF
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PS Business Parks Quarterly Data
Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22
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Competitive Comparison of PS Business Parks's Cyclically Adjusted Price-to-FCF

For the REIT - Diversified subindustry, PS Business Parks'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.


PS Business Parks's Cyclically Adjusted Price-to-FCF Distribution in the REITs Industry

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

* The bar in red indicates where PS Business Parks's Cyclically Adjusted Price-to-FCF falls into.



PS Business Parks 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.

PS Business Parks's Cyclically Adjusted FCF per Share for the quarter that ended in Sep. 2022 is calculated as:

For example, PS Business Parks's adjusted Free Cash Flow per Share data for the three months ended in Sep. 2022 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Sep. 2022 (Change)*Current CPI (Sep. 2022)
=0/125.2265*125.2265
=0.000

Current CPI (Sep. 2022) = 125.2265.

PS Business Parks Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201212 1.566 96.871 2.024
201303 1.755 98.209 2.238
201306 1.553 98.518 1.974
201309 1.715 98.790 2.174
201312 1.562 98.326 1.989
201403 1.650 99.695 2.073
201406 1.799 100.560 2.240
201409 1.684 100.428 2.100
201412 1.320 99.070 1.669
201503 1.573 99.621 1.977
201506 1.599 100.684 1.989
201509 2.034 100.392 2.537
201512 1.905 99.792 2.391
201603 1.876 100.470 2.338
201606 1.969 101.688 2.425
201609 2.243 101.861 2.758
201612 1.955 101.863 2.403
201703 2.161 102.862 2.631
201706 1.999 103.349 2.422
201709 1.916 104.136 2.304
201712 1.954 104.011 2.353
201803 2.077 105.290 2.470
201806 2.170 106.317 2.556
201809 2.229 106.507 2.621
201812 2.145 105.998 2.534
201903 2.066 107.251 2.412
201906 2.393 108.070 2.773
201909 2.507 108.329 2.898
201912 1.967 108.420 2.272
202003 2.241 108.902 2.577
202006 2.160 108.767 2.487
202009 2.049 109.815 2.337
202012 1.695 109.897 1.931
202103 1.899 111.754 2.128
202106 2.235 114.631 2.442
202109 2.181 115.734 2.360
202112 1.587 117.630 1.689
202203 1.533 121.301 1.583
202206 1.383 125.017 1.385
202209 0.000 125.227 0.000

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.


PS Business Parks  (NYSE:PSB) 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.


PS Business Parks Cyclically Adjusted Price-to-FCF Related Terms

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


PS Business Parks (PS Business Parks) Business Description

Industry
Traded in Other Exchanges
Address
345 Park Avenue, New York, NY, USA, 10154
Link Parks Inc formerly NamePS Business Parks Inc is a real estate investment trust that owns and operates primarily multitenant commercial warehouse, office, industrial park, and flex properties in the United States. The business activities of the group functioned through the acquisition, development, ownership and management of commercial real estate and the acquisition, development, ownership and management of multifamily real estate. The company defines flex space as locations that combine both warehouse and office space in a single configuration. Almost half the company's properties are located in California. The company generates nearly most of its revenue from rental income derived from its flex space and low-rise office holdings.
Executives
Havner Ronald L Jr director 701 WESTERN AVENUE, GLENDALE CA 91201
Maria R Hawthorne director 701 WESTERN AVENUE, GLENDALE CA 91201
Trenton Groves officer: SVP, CAO & Asst. Sec. C/O PS BUSINESS PARKS, INC., 701 WESTERN AVENUE, GLENDALE CA 91201
Adeel Khan officer: Chief Financial Officer 11620 WILSHIRE BOULEVARD, SUITE 300, LOS ANGELES CA 90025
Jennifer Holden Dunbar director C/O PS BUSINESS PARKS, INC., 701 WESTERN AVENUE, GLENDALE CA 91201
M Christian Mitchell director 355 S. GRAND AVE, SUITE 1750, LOS ANGELES CA 90071
Jeffrey D Hedges officer: EVP, CFO & Secretary C/O PS BUSINESS PARKS, INC., 701 WESTERN AVENUE, GLENDALE CA 91201
Russell Joseph D Jr officer: PRESIDENT / CEO PUBLIC STORAGE, 701 WESTERN AVENUE, GLENDALE CA 91201
Irene H Oh director 135 N LOS ROBLES AVE. 7TH FL, PASADENA CA 91101
Chandler, Iii Dan M. officer: President & CEO 915 WILSHIRE BOULEVARD, SUITE 2200, LOS ANGELES CA 90017
Kristy Pipes director C/O PS BUSINESS PARKS, INC., 701 WESTERN AVENUE, GLENDALE CA 91201
James H Kropp director 701 WESTERN AVENUE, GLENDALE CA 91201
John W Petersen officer: Executive Vice President & COO 701 WESTERN AVENUE, GLENDALE CA 91201
Stephen W Wilson director C/O PS BUSINESS PARKS, INC., 701 WESTERN AVENUE, GLENDALE CA 91201
Robert S Rollo director C/O PS BUSINESS PARKS, INC., 701 WESTERN AVENUE, GLENDALE CA 91201