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Mori Trust Reit (TSE:8961) Cyclically Adjusted Price-to-FCF : 25.70 (As of May. 17, 2024)


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What is Mori Trust Reit Cyclically Adjusted Price-to-FCF?

As of today (2024-05-17), Mori Trust Reit's current share price is 円71700.00. Mori Trust Reit's Cyclically Adjusted FCF per Share for the fiscal year that ended in Sep22 was 円2,789.76. Mori Trust Reit's Cyclically Adjusted Price-to-FCF for today is 25.70.

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

TSE:8961's Cyclically Adjusted Price-to-FCF is not ranked *
in the REITs industry.
Industry Median: 11.72
* Ranked among companies with meaningful Cyclically Adjusted Price-to-FCF only.

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.

Mori Trust Reit's adjusted free cash flow per share data of for the fiscal year that ended in Sep22 was 円2,920.262. 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 円2,789.76 for the trailing ten years ended in Sep22.

Shiller PE for Stocks: The True Measure of Stock Valuation


Mori Trust Reit Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Mori Trust Reit'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.

Mori Trust Reit Cyclically Adjusted Price-to-FCF Chart

Mori Trust Reit Annual Data
Trend Sep13 Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - 22.89 26.98 24.68

Mori Trust Reit Semi-Annual Data
Sep13 Mar14 Sep14 Mar15 Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Feb24
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 - 26.98 - 24.68 -

Competitive Comparison of Mori Trust Reit's Cyclically Adjusted Price-to-FCF

For the REIT - Office subindustry, Mori Trust Reit'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.


Mori Trust Reit's Cyclically Adjusted Price-to-FCF Distribution in the REITs Industry

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

* The bar in red indicates where Mori Trust Reit's Cyclically Adjusted Price-to-FCF falls into.



Mori Trust Reit 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.

Mori Trust Reit's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=71700.00/2789.76
=25.70

* 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.

Mori Trust Reit's Cyclically Adjusted FCF per Share for the fiscal year that ended in Sep22 is calculated as:

For example, Mori Trust Reit's adjusted Free Cash Flow per Share data for the fiscal year that ended in Sep22 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Sep22 (Change)*Current CPI (Sep22)
=2920.262/103.1000*103.1000
=2,920.262

Current CPI (Sep22) = 103.1000.

Mori Trust Reit Annual Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201309 -12,405.787 95.400 -13,407.093
201409 4,539.378 98.500 4,751.369
201509 5,075.598 98.500 5,312.631
201609 3,859.558 98.000 4,060.413
201709 9,891.166 98.800 10,321.652
201809 1,115.215 99.900 1,150.938
201909 4,187.408 100.100 4,312.905
202009 4,452.326 99.900 4,594.943
202109 3,766.650 100.100 3,879.537
202209 2,920.262 103.100 2,920.262

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.


Mori Trust Reit  (TSE:8961) 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.


Mori Trust Reit Cyclically Adjusted Price-to-FCF Related Terms

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Mori Trust Reit (TSE:8961) Business Description

Industry
Traded in Other Exchanges
N/A
Address
3-1 Toranomon 4-chome, Minato-ku, Tokyo, JPN
Mori Trust Reit Inc is a real estate investment trust company. Its objective is to achieve sustainable growth and stable earnings from mid- to long-term perspectives. It invests in office buildings, commercial facilities, housings, and hotels. The company owns more than 10 properties in and around Central Tokyo and others. The company generates its revenue from its leasing business.

Mori Trust Reit (TSE:8961) Headlines

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