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Apple Hospitality REIT (Apple Hospitality REIT) Cyclically Adjusted Price-to-FCF : 10.99 (As of May. 14, 2024)


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What is Apple Hospitality REIT Cyclically Adjusted Price-to-FCF?

As of today (2024-05-14), Apple Hospitality REIT's current share price is $14.83. Apple Hospitality REIT's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was $1.35. Apple Hospitality REIT's Cyclically Adjusted Price-to-FCF for today is 10.99.

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

APLE' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 10.57   Med: 12.21   Max: 14.88
Current: 10.99

During the past years, Apple Hospitality REIT's highest Cyclically Adjusted Price-to-FCF was 14.88. The lowest was 10.57. And the median was 12.21.

APLE's Cyclically Adjusted Price-to-FCF is ranked better than
53.61% of 388 companies
in the REITs industry
Industry Median: 11.59 vs APLE: 10.99

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.

Apple Hospitality REIT's adjusted free cash flow per share data for the three months ended in Mar. 2024 was $0.096. 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 $1.35 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Apple Hospitality REIT Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Apple Hospitality 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.

Apple Hospitality REIT Cyclically Adjusted Price-to-FCF Chart

Apple Hospitality REIT 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 - - 12.99 11.89 12.32

Apple Hospitality REIT 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 11.64 11.22 11.26 12.32 12.13

Competitive Comparison of Apple Hospitality REIT's Cyclically Adjusted Price-to-FCF

For the REIT - Hotel & Motel subindustry, Apple Hospitality 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.


Apple Hospitality REIT's Cyclically Adjusted Price-to-FCF Distribution in the REITs Industry

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

* The bar in red indicates where Apple Hospitality REIT's Cyclically Adjusted Price-to-FCF falls into.



Apple Hospitality 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.

Apple Hospitality REIT's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=14.83/1.35
=10.99

* 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.

Apple Hospitality REIT's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Apple Hospitality REIT'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)
=0.096/129.4194*129.4194
=0.096

Current CPI (Mar. 2024) = 129.4194.

Apple Hospitality REIT Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.311 100.560 0.400
201409 0.357 100.428 0.460
201412 0.259 99.070 0.338
201503 0.094 99.621 0.122
201506 0.379 100.684 0.487
201509 0.442 100.392 0.570
201512 0.308 99.792 0.399
201603 0.163 100.470 0.210
201606 0.416 101.688 0.529
201609 0.468 101.861 0.595
201612 0.338 101.863 0.429
201703 0.084 102.862 0.106
201706 0.481 103.349 0.602
201709 0.505 104.136 0.628
201712 0.365 104.011 0.454
201803 0.122 105.290 0.150
201806 0.430 106.317 0.523
201809 0.508 106.507 0.617
201812 0.379 105.998 0.463
201903 0.156 107.251 0.188
201906 0.403 108.070 0.483
201909 0.512 108.329 0.612
201912 0.299 108.420 0.357
202003 0.028 108.902 0.033
202006 -0.144 108.767 -0.171
202009 0.034 109.815 0.040
202012 -0.016 109.897 -0.019
202103 -0.021 111.754 -0.024
202106 0.220 114.631 0.248
202109 0.404 115.734 0.452
202112 0.272 117.630 0.299
202203 0.111 121.301 0.118
202206 0.444 125.017 0.460
202209 0.485 125.227 0.501
202212 0.309 125.222 0.319
202303 0.121 127.348 0.123
202306 0.470 128.729 0.473
202309 0.513 129.860 0.511
202312 0.322 129.419 0.322
202403 0.096 129.419 0.096

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.


Apple Hospitality REIT  (NYSE:APLE) 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.


Apple Hospitality REIT Cyclically Adjusted Price-to-FCF Related Terms

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


Apple Hospitality REIT (Apple Hospitality REIT) Business Description

Industry
Traded in Other Exchanges
Address
814 East Main Street, Richmond, VA, USA, 23219
Apple Hospitality REIT Inc is a real estate investment trust that invests in income-producing real estate, majorly in the lodging sector, in the United States. It chiefly invests in upscale service hotels. All of the company's hotels operate under the Marriott or Hilton brands. Apple Hospitality has wholly owned taxable REIT subsidiaries, which lease all of the company's hotels from wholly owned qualified REIT subsidiaries. These hotels are managed under separate agreements with various hotel management companies that are unaffiliated with Apple Hospitality. The company derives its income from hotel revenue, its sole segment.
Executives
Elizabeth Perkins officer: SVP & Chief Financial Officer C/O APPLE HOSPITALITY REIT, INC., 814 EAST MAIN STREET, RICHMOND VA 23219
Justin G Knight director, officer: CEO 10 S THIRD ST, RICHMOND VA 23219
Nelson Knight officer: President Real Estate & Invest 814 E MAIN STREET, RICHMOND VA 23219
Redd Hugh director C/O GENERAL DYNAMICS CORPORATION, 2941 FAIRVIEW PARK DRIVE, FALLS CHURCH VA 22042
Howard E. Woolley director C/O APPLE HOSPITALITY REIT, INC., 814 EAST MAIN STREET, RICHMOND VA 23219
Carolyn B Handlon director 1555 PEACHTREE ST. NE, SUITE 1800, ATLANTA GA 30309
Jon A Fosheim director DIGITALBRIDGE GROUP, INC., 750 PARK OF COMMERCE DRIVE, SUITE 210, BOCA RATON FL 33487
Blythe J Mcgarvie director HANNAFORD BROS CO, 145 PLEASANT HILL RD, SCARBOROUGH ME 04074
Bunting Glenn W Jr director 1551 NORTH TUSTIN AVENUE, SUITE 200, SANTA ANA CA 92705
Kristian M Gathright director 10 S THIRD ST, RICHMOND VA 23219
Glade M Knight director, officer: Executive Chairman 306 E MAINS T, RICHMOND VA 23219
Matthew Rash officer: SVP & Chief Legal Officer C/O APPLE HOSPITALITY REIT, INC., 814 EAST MAIN STREET, RICHMOND VA 23219
Rachel Labrecque officer: SVP & Chief Accounting Officer C/O APPLE HOSPITALITY REIT, INC., 814 EAST MAIN STREET, RICHMOND VA 23219
Jeanette Clarke officer: SVP Chief Cap. Invest. Officer C/O APPLE HOSPITALITY REIT, INC., 814 EAST MAIN STREET, RICHMOND VA 23219
Karen Catherine Gallagher officer: SVP & Chief Operating Officer C/O APPLE HOSPITALITY REIT, INC., 814 EAST MAIN STREET, RICHMOND VA 23219