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First Industrial Realty Trust (MEX:FIR) Cyclically Adjusted Price-to-FCF : (As of Jun. 28, 2024)


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What is First Industrial Realty Trust Cyclically Adjusted Price-to-FCF?

Note: If the price history is too short, we do not calculate current Cyclically Adjusted Price-to-FCF for this stock. All the historical data is shown as the company's primary share's data instead.

Shiller PE for Stocks: The True Measure of Stock Valuation


First Industrial Realty Trust Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for First Industrial Realty Trust'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.

First Industrial Realty Trust Cyclically Adjusted Price-to-FCF Chart

First Industrial Realty Trust 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 32.76 28.34 36.63 23.60 24.03

First Industrial Realty Trust 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 25.25 24.33 21.65 24.03 23.35

Competitive Comparison of First Industrial Realty Trust's Cyclically Adjusted Price-to-FCF

For the REIT - Industrial subindustry, First Industrial Realty Trust'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.


First Industrial Realty Trust's Cyclically Adjusted Price-to-FCF Distribution in the REITs Industry

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

* The bar in red indicates where First Industrial Realty Trust's Cyclically Adjusted Price-to-FCF falls into.



First Industrial Realty Trust 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.

First Industrial Realty Trust's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, First Industrial Realty Trust'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)
=7.834/131.7762*131.7762
=7.834

Current CPI (Mar. 2024) = 131.7762.

First Industrial Realty Trust Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 3.229 100.560 4.231
201409 5.387 100.428 7.069
201412 5.519 99.070 7.341
201503 3.851 99.621 5.094
201506 6.627 100.684 8.673
201509 7.011 100.392 9.203
201512 6.448 99.792 8.515
201603 4.158 100.470 5.454
201606 7.507 101.688 9.728
201609 8.784 101.861 11.364
201612 8.270 101.863 10.699
201703 6.437 102.862 8.246
201706 8.259 103.349 10.531
201709 8.212 104.136 10.392
201712 7.308 104.011 9.259
201803 5.595 105.290 7.002
201806 8.993 106.317 11.147
201809 8.485 106.507 10.498
201812 9.247 105.998 11.496
201903 6.401 107.251 7.865
201906 11.913 108.070 14.526
201909 10.900 108.329 13.259
201912 8.231 108.420 10.004
202003 7.428 108.902 8.988
202006 14.000 108.767 16.962
202009 12.534 109.815 15.041
202012 7.847 109.897 9.409
202103 6.552 111.754 7.726
202106 11.877 114.631 13.653
202109 12.356 115.734 14.069
202112 11.053 117.630 12.382
202203 9.043 121.301 9.824
202206 30.304 125.017 31.942
202209 13.260 125.227 13.954
202212 9.564 125.222 10.065
202303 9.580 127.348 9.913
202306 11.114 128.729 11.377
202309 11.100 129.860 11.264
202312 8.253 129.419 8.403
202403 7.834 131.776 7.834

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.


First Industrial Realty Trust  (MEX:FIR) 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.


First Industrial Realty Trust Cyclically Adjusted Price-to-FCF Related Terms

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First Industrial Realty Trust (MEX:FIR) Business Description

Traded in Other Exchanges
Address
One North Wacker Drive, Suite 4200, Chicago, IL, USA, 60606
First Industrial Realty Trust is a real estate investment trust which which owns, manages, acquires, sells, develops and redevelops industrial real estate. First Industrial's real estate portfolio is primarily comprised of light industrial properties, which are split between industrial and office space, and bulk warehouse properties generally located in business parks near transportation hubs. While light industrial buildings represent the largest share of First Industrial's holdings, bulk warehouses make up most of its portfolio's square footage. The company derives the vast majority of its revenue from rental income tied to medium-term leases. First Industrial's customers include manufacturing, retail, wholesale trade, distribution, and professional services companies.

First Industrial Realty Trust (MEX:FIR) Headlines

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