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W.P. Carey (FRA:WPY) Cyclically Adjusted Price-to-FCF : 9.24 (As of May. 29, 2024)


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What is W.P. Carey Cyclically Adjusted Price-to-FCF?

As of today (2024-05-29), W.P. Carey's current share price is €51.48. W.P. Carey's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was €5.57. W.P. Carey's Cyclically Adjusted Price-to-FCF for today is 9.24.

The historical rank and industry rank for W.P. Carey's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

FRA:WPY' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 9.07   Med: 22.48   Max: 85.55
Current: 9.26

During the past years, W.P. Carey's highest Cyclically Adjusted Price-to-FCF was 85.55. The lowest was 9.07. And the median was 22.48.

FRA:WPY's Cyclically Adjusted Price-to-FCF is ranked better than
62.47% of 389 companies
in the REITs industry
Industry Median: 11.3 vs FRA:WPY: 9.26

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.

W.P. Carey's adjusted free cash flow per share data for the three months ended in Mar. 2024 was €4.328. 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 €5.57 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


W.P. Carey Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for W.P. Carey'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.

W.P. Carey Cyclically Adjusted Price-to-FCF Chart

W.P. Carey 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 20.92 17.21 17.44 14.63 11.70

W.P. Carey 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 13.98 12.02 9.54 11.70 9.32

Competitive Comparison of W.P. Carey's Cyclically Adjusted Price-to-FCF

For the REIT - Diversified subindustry, W.P. Carey'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.


W.P. Carey's Cyclically Adjusted Price-to-FCF Distribution in the REITs Industry

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

* The bar in red indicates where W.P. Carey's Cyclically Adjusted Price-to-FCF falls into.



W.P. Carey 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.

W.P. Carey's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=51.48/5.57
=9.24

* 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.

W.P. Carey's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, W.P. Carey'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)
=4.328/131.7762*131.7762
=4.328

Current CPI (Mar. 2024) = 131.7762.

W.P. Carey Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.873 100.560 1.144
201409 0.762 100.428 1.000
201412 0.900 99.070 1.197
201503 0.694 99.621 0.918
201506 1.106 100.684 1.448
201509 0.941 100.392 1.235
201512 1.513 99.792 1.998
201603 0.975 100.470 1.279
201606 1.034 101.688 1.340
201609 1.080 101.861 1.397
201612 1.482 101.863 1.917
201703 0.957 102.862 1.226
201706 1.133 103.349 1.445
201709 1.072 104.136 1.357
201712 0.935 104.011 1.185
201803 0.772 105.290 0.966
201806 0.996 106.317 1.235
201809 1.115 106.507 1.380
201812 0.839 105.998 1.043
201903 0.755 107.251 0.928
201906 0.956 108.070 1.166
201909 1.312 108.329 1.596
201912 1.216 108.420 1.478
202003 0.938 108.902 1.135
202006 0.821 108.767 0.995
202009 1.049 109.815 1.259
202012 1.138 109.897 1.365
202103 0.894 111.754 1.054
202106 0.966 114.631 1.110
202109 1.036 115.734 1.180
202112 1.413 117.630 1.583
202203 1.113 121.301 1.209
202206 1.025 125.017 1.080
202209 1.265 125.227 1.331
202212 1.354 125.222 1.425
202303 1.244 127.348 1.287
202306 1.062 128.729 1.087
202309 1.229 129.860 1.247
202312 1.088 129.419 1.108
202403 4.328 131.776 4.328

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.


W.P. Carey  (FRA:WPY) 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.


W.P. Carey Cyclically Adjusted Price-to-FCF Related Terms

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W.P. Carey (FRA:WPY) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » W.P. Carey Inc (FRA:WPY) » Definitions » Cyclically Adjusted Price-to-FCF
Traded in Other Exchanges
Address
One Manhattan West, 395 9th Avenue, 58th Floor, New York, NY, USA, 10001
W.P. Carey Inc is a real estate investment trust principally involved in the ownership of properties located in the U.S., Western Europe, and Northern Europe. W.P. Carey organizes its operations into Real Estate and Investment Management segments. The vast majority of the company's income is derived from its Real Estate division in the form of lease revenue from long-term agreements with companies. W.P. Carey's real estate portfolio is primarily comprised of single-tenant office, industrial, warehouse, and retail facilities located around the world. most of the company's revenue comes from properties in the USA. The company's Investment Management unit generates revenue from providing real estate advisory and portfolio management services to other REITs.

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