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COPT Defense Properties (COPT Defense Properties) Cyclically Adjusted Price-to-FCF : 10.63 (As of Jun. 01, 2024)


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What is COPT Defense Properties Cyclically Adjusted Price-to-FCF?

As of today (2024-06-01), COPT Defense Properties's current share price is $24.67. COPT Defense Properties's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was $2.32. COPT Defense Properties's Cyclically Adjusted Price-to-FCF for today is 10.63.

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

CDP' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 7.93   Med: 13.23   Max: 111.52
Current: 10.62

During the past years, COPT Defense Properties's highest Cyclically Adjusted Price-to-FCF was 111.52. The lowest was 7.93. And the median was 13.23.

CDP's Cyclically Adjusted Price-to-FCF is ranked better than
54.48% of 391 companies
in the REITs industry
Industry Median: 11.31 vs CDP: 10.62

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.

COPT Defense Properties's adjusted free cash flow per share data for the three months ended in Mar. 2024 was $0.379. 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 $2.32 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


COPT Defense Properties Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for COPT Defense Properties'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.

COPT Defense Properties Cyclically Adjusted Price-to-FCF Chart

COPT Defense Properties 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 14.14 12.66 12.89 11.73 11.11

COPT Defense Properties 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 10.60 10.26 10.22 11.11 10.40

Competitive Comparison of COPT Defense Properties's Cyclically Adjusted Price-to-FCF

For the REIT - Office subindustry, COPT Defense Properties'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.


COPT Defense Properties's Cyclically Adjusted Price-to-FCF Distribution in the REITs Industry

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

* The bar in red indicates where COPT Defense Properties's Cyclically Adjusted Price-to-FCF falls into.



COPT Defense Properties 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.

COPT Defense Properties's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=24.67/2.32
=10.63

* 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.

COPT Defense Properties's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, COPT Defense Properties'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)
=0.379/131.7762*131.7762
=0.379

Current CPI (Mar. 2024) = 131.7762.

COPT Defense Properties Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.504 100.560 0.660
201409 0.418 100.428 0.548
201412 0.463 99.070 0.616
201503 0.409 99.621 0.541
201506 0.810 100.684 1.060
201509 0.218 100.392 0.286
201512 0.467 99.792 0.617
201603 0.402 100.470 0.527
201606 0.747 101.688 0.968
201609 0.418 101.861 0.541
201612 0.629 101.863 0.814
201703 0.557 102.862 0.714
201706 0.513 103.349 0.654
201709 0.489 104.136 0.619
201712 0.532 104.011 0.674
201803 0.208 105.290 0.260
201806 0.502 106.317 0.622
201809 0.345 106.507 0.427
201812 0.441 105.998 0.548
201903 0.455 107.251 0.559
201906 0.466 108.070 0.568
201909 0.354 108.329 0.431
201912 0.547 108.420 0.665
202003 0.507 108.902 0.613
202006 0.608 108.767 0.737
202009 0.083 109.815 0.100
202012 0.637 109.897 0.764
202103 0.310 111.754 0.366
202106 0.809 114.631 0.930
202109 0.489 115.734 0.557
202112 0.342 117.630 0.383
202203 0.339 121.301 0.368
202206 0.701 125.017 0.739
202209 0.367 125.227 0.386
202212 0.631 125.222 0.664
202303 0.473 127.348 0.489
202306 0.707 128.729 0.724
202309 0.566 129.860 0.574
202312 0.530 129.419 0.540
202403 0.379 131.776 0.379

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.


COPT Defense Properties  (NYSE:CDP) 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.


COPT Defense Properties Cyclically Adjusted Price-to-FCF Related Terms

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


COPT Defense Properties (COPT Defense Properties) Business Description

Industry
Traded in Other Exchanges
Address
6711 Columbia Gateway Drive, Suite 300, Columbia, MD, USA, 21046
COPT Defense Properties is a real estate investment trust that acquires, manages, and leases office and data center properties throughout the U.S. The majority of the company's real estate portfolio is composed of office buildings in the Baltimore-Washington Corridor and Northern Virginia area. COPT derives nearly all of its income in the form of rental revenue from tenants. Most of the company's revenue comes from the leasing of properties to U.S. Government agencies and its contractors in the national security, defense, and IT sectors, such as Northrop Grumman and Boeing. Regional offices in urban submarkets make also make up a sizable percentage of COPT's total square footage.
Executives
Lisa G Trimberger director C/O CORPORATE OFFICE PROPERTIES TRUST, 6711 COLUMBIA GATEWAY DRIVE, SUITE 300, COLUMBIA MD 21046
Steven D Kesler director C/O CORPORATE OFFICE PROPERTIES TRUST, 6711 COLUMBIA GATEWAY DRIVE, #300, COLUMBIA MD 21046
Robert L Denton director C/O CORPORATE OFFICE PROPERTIES TRUST, 6711 COLUMBIA GATEWAY DRIVE, #300, COLUMBIA MD 21046
Matthew T Myers officer: SVP-CAO & Controller 6711 COLUMBIA GATEWAY DR, SUITE 300, COLUMBIA MD 21046
Essye B. Miller director 6711 COLUMBIA GATEWAY DRIVE, SUITE 300, COLUMBIA MD 21046
Greg J Thor officer: SVP--CAO & Controller C/O CORPORATE OFFICE PROPERTIES TRUST, 6711 COLUMBIA GATEWAY DRIVE, SUITE 300, COLUMBIA MD 21046
C Taylor Pickett director C/O CORPORATE OFFICE PROPERTIES TRUST, 6711 COLUMBIA GATEWAY DRIVE, #300, COLUMBIA MD 21046
David M Jacobstein director C/O CORPORATE OFFICE PROPERTIES TRUST, 6711 COLUMBIA GATEWAY DRIVE, #300, COLUMBIA MD 21046
Raymond Lee Owens director C/O CORPORATE OFFICE PROPERTIES TRUST, 6711 COLUMBIA GATEWAY DRIVE, #300, COLUMBIA MD 30097
Stephen E Budorick officer: EVP & COO C/O CORPORATE OFFICE PROPERTIES TRUST, 6711 COLUMBIA GATEWAY DRIVE, #300, COLUMBIA MD 21046
Todd W. Hartman officer: EVP & COO C/O CORPORATE OFFICE PROPERTIES TRUST, 6711 COLUMBIA GATEWAY DRIVE SUITE 300, COLUMBIA MD 21046
Letitia A Long director C/O CORPORATE OFFICE PROPERTIES TRUST, 6711 COLUMBIA GATEWAY DRIVE, #300, COLUMBIA MD 21046
Philip L Hawkins director C/O CORPORATE OFFICE PROPERTIES TRUST, 6711 COLUMBIA GATEWAY DRIVE, #300, COLUMBIA MD 21046
Paul R Adkins officer: Executive Vice President &COO C/O CORPORATE OFFICE PROPERTIES TRUST, 6711 COLUMBIA GATEWAY DRIVE, SUITE 300, COLUMBIA MD 21046
Karen M Singer officer: VP, General Counsel & Sec

COPT Defense Properties (COPT Defense Properties) Headlines