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Nippon Accommodations Fund (TSE:3226) Cyclically Adjusted Price-to-FCF : 62.50 (As of Jun. 10, 2024)


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What is Nippon Accommodations Fund Cyclically Adjusted Price-to-FCF?

As of today (2024-06-10), Nippon Accommodations Fund's current share price is 円638000.00. Nippon Accommodations Fund's Cyclically Adjusted FCF per Share for the fiscal year that ended in Aug23 was 円10,208.30. Nippon Accommodations Fund's Cyclically Adjusted Price-to-FCF for today is 62.50.

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

TSE:3226' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 55.45   Med: 6297.36   Max: 7343.37
Current: 62.5

During the past 13 years, Nippon Accommodations Fund's highest Cyclically Adjusted Price-to-FCF was 7343.37. The lowest was 55.45. And the median was 6297.36.

TSE:3226's Cyclically Adjusted Price-to-FCF is ranked worse than
92.29% of 389 companies
in the REITs industry
Industry Median: 11.36 vs TSE:3226: 62.50

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.

Nippon Accommodations Fund's adjusted free cash flow per share data of for the fiscal year that ended in Aug23 was 円28,783.759. 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 円10,208.30 for the trailing ten years ended in Aug23.

Shiller PE for Stocks: The True Measure of Stock Valuation


Nippon Accommodations Fund Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Nippon Accommodations Fund'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.

Nippon Accommodations Fund Cyclically Adjusted Price-to-FCF Chart

Nippon Accommodations Fund Annual Data
Trend Aug14 Aug15 Aug16 Aug17 Aug18 Aug19 Aug20 Aug21 Aug22 Aug23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - 7,290.06 64.36

Nippon Accommodations Fund Semi-Annual Data
Aug14 Feb15 Aug15 Feb16 Aug16 Feb17 Aug17 Feb18 Aug18 Feb19 Aug19 Feb20 Aug20 Feb21 Aug21 Feb22 Aug22 Feb23 Aug23 Feb24
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 - 7,290.06 - 64.36 -

Competitive Comparison of Nippon Accommodations Fund's Cyclically Adjusted Price-to-FCF

For the REIT - Diversified subindustry, Nippon Accommodations Fund'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.


Nippon Accommodations Fund's Cyclically Adjusted Price-to-FCF Distribution in the REITs Industry

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

* The bar in red indicates where Nippon Accommodations Fund's Cyclically Adjusted Price-to-FCF falls into.



Nippon Accommodations Fund 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.

Nippon Accommodations Fund's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=638000.00/10208.3
=62.50

* 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.

Nippon Accommodations Fund's Cyclically Adjusted FCF per Share for the fiscal year that ended in Aug23 is calculated as:

For example, Nippon Accommodations Fund's adjusted Free Cash Flow per Share data for the fiscal year that ended in Aug23 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Aug23 (Change)*Current CPI (Aug23)
=28783.759/105.9000*105.9000
=28,783.759

Current CPI (Aug23) = 105.9000.

Nippon Accommodations Fund Annual Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201408 -22,716.477 98.300 -24,472.787
201508 7,498.186 98.400 8,069.694
201608 15,529.786 97.900 16,798.819
201708 17,881.184 98.500 19,224.542
201808 21,980.262 99.800 23,323.745
201908 13,205.161 100.000 13,984.265
202008 12,137.641 100.100 12,840.921
202108 -18,370.647 99.700 -19,513.054
202208 22,346.606 102.700 23,042.898
202308 28,783.759 105.900 28,783.759

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.


Nippon Accommodations Fund  (TSE:3226) 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.


Nippon Accommodations Fund Cyclically Adjusted Price-to-FCF Related Terms

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Nippon Accommodations Fund (TSE:3226) Business Description

Traded in Other Exchanges
N/A
Address
2-1-1 Nihonbashimuromachi, Chuo-ku, Tokyo, JPN, 103-0022
Nippon Accommodations Fund Inc is a Japan-based real estate investment trust (REIT) company. It invests in accommodation properties mainly located in Metropolitan areas, as well as government-decreed regional hub cities. The company's investment property portfolio includes Okawabata Apartment Communities, Park Axis Toyosu, Shibaura Island Air Tower, Park Cube Meguro Tower, Park Cube Atagoyama Tower, Park Cube Higashi Shinagawa, amongst many others.

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