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Gladstone Land (Gladstone Land) Cyclically Adjusted Price-to-FCF : 45.25 (As of Apr. 30, 2024)


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

As of today (2024-04-30), Gladstone Land's current share price is $12.67. Gladstone Land's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was $0.28. Gladstone Land's Cyclically Adjusted Price-to-FCF for today is 45.25.

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

LAND' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 45.04   Med: 148.14   Max: 386.2
Current: 45.04

During the past years, Gladstone Land's highest Cyclically Adjusted Price-to-FCF was 386.20. The lowest was 45.04. And the median was 148.14.

LAND's Cyclically Adjusted Price-to-FCF is ranked worse than
88.01% of 392 companies
in the REITs industry
Industry Median: 11.43 vs LAND: 45.04

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 Land's adjusted free cash flow per share data for the three months ended in Dec. 2023 was $0.407. 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 $0.28 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Gladstone Land Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Gladstone Land'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 Land Cyclically Adjusted Price-to-FCF Chart

Gladstone Land 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 - 280.33 244.43 103.18 51.17

Gladstone Land 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 103.18 66.77 58.78 52.75 51.17

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

For the REIT - Specialty subindustry, Gladstone Land'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 Land's Cyclically Adjusted Price-to-FCF Distribution in the REITs Industry

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

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



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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=12.67/0.28
=45.25

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

For example, Gladstone Land'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)
=0.407/129.4194*129.4194
=0.407

Current CPI (Dec. 2023) = 129.4194.

Gladstone Land Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 -0.017 99.695 -0.022
201406 -0.057 100.560 -0.073
201409 0.103 100.428 0.133
201412 0.094 99.070 0.123
201503 -0.017 99.621 -0.022
201506 0.018 100.684 0.023
201509 0.137 100.392 0.177
201512 0.027 99.792 0.035
201603 0.237 100.470 0.305
201606 -0.329 101.688 -0.419
201609 -0.129 101.861 -0.164
201612 0.082 101.863 0.104
201703 0.219 102.862 0.276
201706 0.066 103.349 0.083
201709 0.096 104.136 0.119
201712 -0.214 104.011 -0.266
201803 -0.124 105.290 -0.152
201806 -0.332 106.317 -0.404
201809 -0.139 106.507 -0.169
201812 -0.187 105.998 -0.228
201903 -0.035 107.251 -0.042
201906 -0.036 108.070 -0.043
201909 0.300 108.329 0.358
201912 0.198 108.420 0.236
202003 0.038 108.902 0.045
202006 -0.014 108.767 -0.017
202009 0.016 109.815 0.019
202012 0.313 109.897 0.369
202103 0.135 111.754 0.156
202106 0.372 114.631 0.420
202109 0.078 115.734 0.087
202112 0.275 117.630 0.303
202203 0.118 121.301 0.126
202206 0.151 125.017 0.156
202209 -0.065 125.227 -0.067
202212 0.478 125.222 0.494
202303 0.052 127.348 0.053
202306 0.421 128.729 0.423
202309 -0.117 129.860 -0.117
202312 0.407 129.419 0.407

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 Land  (NAS:LAND) 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 Land Cyclically Adjusted Price-to-FCF Related Terms

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


Gladstone Land (Gladstone Land) Business Description

Industry
Traded in Other Exchanges
Address
1521 Westbranch Drive, Suite 100, McLean, VA, USA, 22102
Gladstone Land Corp is an externally-managed, agricultural REIT. It is mainly in the business of owning and leasing farmland. It manages operations in one reporting segment. It is focused on the ownership of high-quality farms and farm-related properties that are leased on a triple-net basis to tenants with a strong operating history and deep farming resources. The farmland is predominantly concentrated in locations where farmers are able to grow either fresh produce annual row crops (e.g., certain berries and vegetables), which are typically planted and harvested annually, or certain permanent crops (e.g., almonds, blueberries, pistachios, and wine grapes). To a much lesser extent, it also own farms that grow certain commodity crops (e.g., corn and beans).
Executives
Paula Novara director 1521 WESTBRANCH DRIVE, SUITE 100, MCLEAN VA 22102
Caren D Merrick director 1521 WESTBRANCH, SUITE 100, MCLEAN VA 22102
Michela A English director C/O GLADSTONE CAPITAL CORP, 1521 WESTBRANCH DRIVE SUITE 200, MCLEAN VA 22102
Michael Licalsi other: Internal Counsel and Secretary 1521 WESTBRANCH DR., MCLEAN VA 22102
Lewis Parrish officer: CFO 1521 WESTBRANCH DRIVE, SUITE 200, MCLEAN VA 22102
Paul W Adelgren director C/O GLADSTONE CAPITAL CORP, 1521 WESTBRANCH DRIVE SUITE 200, MCLEAN VA 22102
David Gladstone director, 10 percent owner, officer: Chief Executive Officer 1521 WESTBRANCH DRIVE, SUITE 200, MCLEAN VA 22102
Jay Beckhorn officer: Treasurer 1521 WESTBRANCH DRIVE, SUITE 100, MCLEAN VA 22102
Walter H Wilkinson director C/O RF MICRO DEVICES, INC., 7628 THORNDIKE ROAD, GREENSBORO NC 27409
John Dellafiora other: Chief Compliance Officer 1521 WESTBRANCH DRIVE, SUITE 200, MCLEAN VA 22102
Jennifer A Smith officer: Valuation Officer 1521 WESTBRANCH DRIVE, SUITE 100, MCLEAN VA 22102
Terry Earhart director 1521 WESTBRANCH DRIVE, SUITE 200, MCLEAN VA 22102
John Reilly director 1521 WESTBRANCH DR., STE. 200, MCLEAN VA 22102
Anthony W Parker director C/O GLADSTONE CAPITAL CORP, 1521 WESTBRANCH DRIVE SUITE 200, MCLEAN VA 22102
John H Outland director