GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Mitsubishi Estate Co Ltd (OTCPK:MITEY) » Definitions » Cyclically Adjusted Price-to-FCF

Mitsubishi Estate Co (Mitsubishi Estate Co) Cyclically Adjusted Price-to-FCF : (As of Apr. 30, 2024)


View and export this data going back to . Start your Free Trial

What is Mitsubishi Estate Co Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Mitsubishi Estate Co Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Mitsubishi Estate Co'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.

Mitsubishi Estate Co Cyclically Adjusted Price-to-FCF Chart

Mitsubishi Estate Co Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 195.51 432.78 - - -

Mitsubishi Estate Co 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 - - - - -

Competitive Comparison of Mitsubishi Estate Co's Cyclically Adjusted Price-to-FCF

For the Real Estate - Diversified subindustry, Mitsubishi Estate Co'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.


Mitsubishi Estate Co's Cyclically Adjusted Price-to-FCF Distribution in the Real Estate Industry

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

* The bar in red indicates where Mitsubishi Estate Co's Cyclically Adjusted Price-to-FCF falls into.



Mitsubishi Estate Co 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.

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

For example, Mitsubishi Estate Co'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)
=-0.705/106.8000*106.8000
=-0.705

Current CPI (Dec. 2023) = 106.8000.

Mitsubishi Estate Co Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 0.980 95.700 1.094
201406 -0.836 98.000 -0.911
201409 0.298 98.500 0.323
201412 0.136 97.900 0.148
201503 0.444 97.900 0.484
201506 -0.401 98.400 -0.435
201509 0.430 98.500 0.466
201512 -0.579 98.100 -0.630
201603 -0.285 97.900 -0.311
201606 -0.890 98.100 -0.969
201609 0.207 98.000 0.226
201612 0.016 98.400 0.017
201703 -0.054 98.100 -0.059
201706 -0.209 98.500 -0.227
201709 -0.220 98.800 -0.238
201712 0.002 99.400 0.002
201803 0.472 99.200 0.508
201806 -0.385 99.200 -0.414
201809 0.345 99.900 0.369
201812 -0.074 99.700 -0.079
201903 0.502 99.700 0.538
201906 0.022 99.800 0.024
201909 -0.592 100.100 -0.632
201912 -0.269 100.500 -0.286
202003 0.926 100.300 0.986
202006 -0.602 99.900 -0.644
202009 0.091 99.900 0.097
202012 -0.427 99.300 -0.459
202103 0.143 99.900 0.153
202106 -0.487 99.500 -0.523
202109 -0.253 100.100 -0.270
202112 0.435 100.100 0.464
202203 -0.038 101.100 -0.040
202206 -0.561 101.800 -0.589
202209 -0.186 103.100 -0.193
202212 -0.171 104.100 -0.175
202303 0.852 104.400 0.872
202306 -0.412 105.200 -0.418
202309 -0.126 106.200 -0.127
202312 -0.705 106.800 -0.705

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.


Mitsubishi Estate Co  (OTCPK:MITEY) 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.


Mitsubishi Estate Co Cyclically Adjusted Price-to-FCF Related Terms

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


Mitsubishi Estate Co (Mitsubishi Estate Co) Business Description

Traded in Other Exchanges
Address
Otemachi 1-chome, Otemachi Park Building, 1-1, Chiyoda-ku, Tokyo, JPN, 100-8133
Mitsubishi Estate is one of the three big Japanese real estate companies. Around two thirds of its operating profit comes from leasing office space in Japan, where half of its portfolio is concentrated in the prime Marunouchi/Otemachi district between Tokyo station and the Imperial Palace. Mitsubishi Estate's predecessor originally bought this land from the government in 1890, and the company sees itself as steward of the showcase area's long-term development, rarely if ever selling any properties there.

Mitsubishi Estate Co (Mitsubishi Estate Co) Headlines

From GuruFocus

Value Investing Live Recap: Matthew McLennan

By Graham Griffin Graham Griffin 01-20-2021

First Eagle Comments on Mitsubishi Estate

By Sydnee Gatewood 07-27-2021