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NNN REIT (STU:CZ2) Cyclically Adjusted Price-to-FCF : 11.78 (As of Jun. 04, 2024)


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

As of today (2024-06-04), NNN REIT's current share price is €38.51. NNN REIT's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was €3.27. NNN REIT's Cyclically Adjusted Price-to-FCF for today is 11.78.

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

STU:CZ2' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 10.02   Med: 24.78   Max: 332.25
Current: 11.96

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 24.78.

STU:CZ2's Cyclically Adjusted Price-to-FCF is ranked worse than
52.7% of 389 companies
in the REITs industry
Industry Median: 11.45 vs STU:CZ2: 11.96

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 Mar. 2024 was €0.963. 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 €3.27 for the trailing ten years ended in Mar. 2024.

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
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 13.08 12.51 10.22 12.51 12.12

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
=38.51/3.27
=11.78

* 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 Mar. 2024 is calculated as:

For example, NNN 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)
=0.963/131.7762*131.7762
=0.963

Current CPI (Mar. 2024) = 131.7762.

NNN REIT Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.350 100.560 0.459
201409 0.580 100.428 0.761
201412 0.409 99.070 0.544
201503 0.679 99.621 0.898
201506 0.471 100.684 0.616
201509 0.731 100.392 0.960
201512 0.420 99.792 0.555
201603 0.651 100.470 0.854
201606 0.527 101.688 0.683
201609 0.769 101.861 0.995
201612 0.654 101.863 0.846
201703 0.744 102.862 0.953
201706 0.586 103.349 0.747
201709 0.645 104.136 0.816
201712 0.507 104.011 0.642
201803 0.687 105.290 0.860
201806 0.545 106.317 0.676
201809 0.748 106.507 0.925
201812 0.584 105.998 0.726
201903 0.785 107.251 0.965
201906 0.501 108.070 0.611
201909 0.899 108.329 1.094
201912 0.541 108.420 0.658
202003 0.677 108.902 0.819
202006 0.309 108.767 0.374
202009 0.792 109.815 0.950
202012 0.480 109.897 0.576
202103 0.775 111.754 0.914
202106 0.568 114.631 0.653
202109 0.839 115.734 0.955
202112 0.583 117.630 0.653
202203 0.853 121.301 0.927
202206 0.600 125.017 0.632
202209 1.082 125.227 1.139
202212 0.592 125.222 0.623
202303 0.931 127.348 0.963
202306 0.602 128.729 0.616
202309 0.988 129.860 1.003
202312 0.611 129.419 0.622
202403 0.963 131.776 0.963

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  (STU:CZ2) 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 (STU:CZ2) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » NNN REIT Inc (STU:CZ2) » 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.

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