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Fukuoka REIT (TSE:8968) Cyclically Adjusted Price-to-FCF : 311.28 (As of May. 28, 2024)


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

As of today (2024-05-28), Fukuoka REIT's current share price is 円162500.00. Fukuoka REIT's Cyclically Adjusted FCF per Share for the fiscal year that ended in Aug23 was 円522.04. Fukuoka REIT's Cyclically Adjusted Price-to-FCF for today is 311.28.

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

TSE:8968' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 301.32   Med: 318.94   Max: 335.03
Current: 310.7

During the past 13 years, Fukuoka REIT's highest Cyclically Adjusted Price-to-FCF was 335.03. The lowest was 301.32. And the median was 318.94.

TSE:8968's Cyclically Adjusted Price-to-FCF is ranked worse than
99.48% of 388 companies
in the REITs industry
Industry Median: 11.305 vs TSE:8968: 310.70

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.

Fukuoka REIT's adjusted free cash flow per share data of for the fiscal year that ended in Aug23 was 円4,259.755. 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522.04 for the trailing ten years ended in Aug23.

Shiller PE for Stocks: The True Measure of Stock Valuation


Fukuoka REIT Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Fukuoka 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.

Fukuoka REIT Cyclically Adjusted Price-to-FCF Chart

Fukuoka REIT 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 - - - - 310.51

Fukuoka REIT 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 - - - 310.51 -

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

For the REIT - Diversified subindustry, Fukuoka 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.


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

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

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



Fukuoka 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=162500.00/522.04
=311.28

* 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.

Fukuoka REIT's Cyclically Adjusted FCF per Share for the fiscal year that ended in Aug23 is calculated as:

For example, Fukuoka REIT'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)
=4259.755/105.9000*105.9000
=4,259.755

Current CPI (Aug23) = 105.9000.

Fukuoka REIT Annual Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201408 6,554.807 98.300 7,061.588
201508 -11,429.770 98.400 -12,300.941
201608 9,705.695 97.900 10,498.806
201708 -2,664.133 98.500 -2,864.281
201808 -10,198.135 99.800 -10,821.468
201908 6,549.433 100.000 6,935.850
202008 -42.077 100.100 -44.515
202108 618.445 99.700 656.904
202208 1,783.136 102.700 1,838.696
202308 4,259.755 105.900 4,259.755

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.


Fukuoka REIT  (TSE:8968) 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.


Fukuoka REIT Cyclically Adjusted Price-to-FCF Related Terms

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


Fukuoka REIT (TSE:8968) Business Description

Industry
Traded in Other Exchanges
N/A
Address
1-2-25 Sumiyoshi, Hakata, Fukuoka, JPN, 812-0018
Fukuoka REIT Corp is an REIT based in Japan. The company manages a portfolio with a focus on entertainment retail facilities and office buildings in the Fukuoka metropolitan area and other neighbouring areas in the Kyushu region. Fukuoka REIT's asset manager, Fukuoka Realty, provides real estate management, acquisition, arrangement of new property, fundraising, and other operations under contracts. The firm diversifies in retail, office buildings, and other types of property, including residences, hotels, logistics facilities, and public and other facilities. Retail property represents more than half of the portfolio assets.

Fukuoka REIT (TSE:8968) Headlines

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