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Gladstone Commercial (Gladstone Commercial) Cyclically Adjusted Price-to-FCF : 6.44 (As of Apr. 27, 2024)


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What is Gladstone Commercial Cyclically Adjusted Price-to-FCF?

As of today (2024-04-27), Gladstone Commercial's current share price is $13.33. Gladstone Commercial's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was $2.07. Gladstone Commercial's Cyclically Adjusted Price-to-FCF for today is 6.44.

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

GOOD' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 5.41   Med: 13.22   Max: 102.19
Current: 6.44

During the past years, Gladstone Commercial's highest Cyclically Adjusted Price-to-FCF was 102.19. The lowest was 5.41. And the median was 13.22.

GOOD's Cyclically Adjusted Price-to-FCF is ranked better than
75.38% of 390 companies
in the REITs industry
Industry Median: 11.545 vs GOOD: 6.44

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.

Gladstone Commercial's adjusted free cash flow per share data for the three months ended in Dec. 2023 was $0.297. 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 $2.07 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Gladstone Commercial Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Gladstone Commercial'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.

Gladstone Commercial Cyclically Adjusted Price-to-FCF Chart

Gladstone Commercial 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 15.29 12.63 12.85 9.06 6.40

Gladstone Commercial Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 9.06 6.08 5.91 5.83 6.40

Competitive Comparison of Gladstone Commercial's Cyclically Adjusted Price-to-FCF

For the REIT - Diversified subindustry, Gladstone Commercial'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.


Gladstone Commercial's Cyclically Adjusted Price-to-FCF Distribution in the REITs Industry

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

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



Gladstone Commercial 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.

Gladstone Commercial's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=13.33/2.07
=6.44

* 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.

Gladstone Commercial's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, Gladstone Commercial's adjusted Free Cash Flow per Share data for the three months ended in Dec. 2023 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=0.297/129.4194*129.4194
=0.297

Current CPI (Dec. 2023) = 129.4194.

Gladstone Commercial Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 0.382 99.695 0.496
201406 0.282 100.560 0.363
201409 0.418 100.428 0.539
201412 0.483 99.070 0.631
201503 0.424 99.621 0.551
201506 0.345 100.684 0.443
201509 0.375 100.392 0.483
201512 0.285 99.792 0.370
201603 0.361 100.470 0.465
201606 0.383 101.688 0.487
201609 0.490 101.861 0.623
201612 0.454 101.863 0.577
201703 0.404 102.862 0.508
201706 0.417 103.349 0.522
201709 0.475 104.136 0.590
201712 0.431 104.011 0.536
201803 0.433 105.290 0.532
201806 0.470 106.317 0.572
201809 0.515 106.507 0.626
201812 0.509 105.998 0.621
201903 0.427 107.251 0.515
201906 0.537 108.070 0.643
201909 0.455 108.329 0.544
201912 0.539 108.420 0.643
202003 0.604 108.902 0.718
202006 0.445 108.767 0.529
202009 0.498 109.815 0.587
202012 0.380 109.897 0.448
202103 0.473 111.754 0.548
202106 0.481 114.631 0.543
202109 0.525 115.734 0.587
202112 0.441 117.630 0.485
202203 0.453 121.301 0.483
202206 0.450 125.017 0.466
202209 0.564 125.227 0.583
202212 0.310 125.222 0.320
202303 0.374 127.348 0.380
202306 0.394 128.729 0.396
202309 0.446 129.860 0.444
202312 0.297 129.419 0.297

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.


Gladstone Commercial  (NAS:GOOD) 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.


Gladstone Commercial Cyclically Adjusted Price-to-FCF Related Terms

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


Gladstone Commercial (Gladstone Commercial) Business Description

Industry
Traded in Other Exchanges
Address
1521 Westbranch Drive, Suite 100, McLean, VA, USA, 22102
Gladstone Commercial Corp is a real estate investment trust, which engages in investing and owning net leased industrial, commercial, and retail real property and making long-term industrial and commercial mortgage loans. Its portfolio consists of single-tenant commercial, industrial real properties, and medical properties nationwide. Its principal investment objectives are to generate income from rental properties.
Executives
Gary Gerson officer: Chief Financial Officer 1521 WESTBRANCH DRIVE, SUITE 200, MCLEAN VA 22207
Jay Beckhorn officer: Treasurer 1521 WESTBRANCH DRIVE, SUITE 100, MCLEAN VA 22102
Arthur S. Cooper officer: Chief Investment Officer 1521 WESTBRANCH DRIVE, SUITE 100, MCLEAN VA 22102
Elliott Jr Wislar officer: Chief Investment Officer 1521 WESTBRANCH DRIVE, SUITE 100, MCLEAN VA 22102
Paula Novara director 1521 WESTBRANCH DRIVE, SUITE 100, MCLEAN VA 22102
Robert G Cutlip officer: President C/O HIGHWOODS PROPERTIES, 3100 SMOKETREE COURT, SUITE 600, RALEIGH NC 27604
Michela A English director C/O GLADSTONE CAPITAL CORP, 1521 WESTBRANCH DRIVE SUITE 200, MCLEAN VA 22102
Michael Sodo officer: CFO 1521 WESTBRANCH DRIVE, SUITE 100, MCLEAN VA 22102
Michael Licalsi other: Affiliate of External Advisor 1521 WESTBRANCH DR., MCLEAN VA 22102
Paul W Adelgren director C/O GLADSTONE CAPITAL CORP, 1521 WESTBRANCH DRIVE SUITE 200, MCLEAN VA 22102
David Gladstone director, officer: CEO 1521 WESTBRANCH DRIVE, SUITE 200, MCLEAN VA 22102
Caren D Merrick director 1521 WESTBRANCH, SUITE 100, MCLEAN VA 22102
Walter H Wilkinson director C/O RF MICRO DEVICES, INC., 7628 THORNDIKE ROAD, GREENSBORO NC 27409
Jennifer A Smith officer: Valuation Officer 1521 WESTBRANCH DRIVE, SUITE 100, MCLEAN VA 22102
George Iii Stelljes director, officer: EVP, Chief Investment Officer C/O GLADSTONE CAPITAL CORP, 1521 WESTBRANCH DRIVE SUITE 200, MCLEAN VA 22102