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Cohen & Steers (Cohen & Steers) Cyclically Adjusted Price-to-FCF : 28.69 (As of Apr. 29, 2024)


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What is Cohen & Steers Cyclically Adjusted Price-to-FCF?

As of today (2024-04-29), Cohen & Steers's current share price is $70.29. Cohen & Steers's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was $2.45. Cohen & Steers's Cyclically Adjusted Price-to-FCF for today is 28.69.

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

CNS' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 20.65   Med: 32.19   Max: 49
Current: 28.67

During the past years, Cohen & Steers's highest Cyclically Adjusted Price-to-FCF was 49.00. The lowest was 20.65. And the median was 32.19.

CNS's Cyclically Adjusted Price-to-FCF is ranked worse than
61.18% of 510 companies
in the Asset Management industry
Industry Median: 20.185 vs CNS: 28.67

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.

Cohen & Steers's adjusted free cash flow per share data for the three months ended in Dec. 2023 was $0.960. 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 $2.45 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Cohen & Steers Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Cohen & Steers'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.

Cohen & Steers Cyclically Adjusted Price-to-FCF Chart

Cohen & Steers 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 37.76 43.11 43.09 27.51 30.85

Cohen & Steers 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 26.35 23.58 25.46 30.85 -

Competitive Comparison of Cohen & Steers's Cyclically Adjusted Price-to-FCF

For the Asset Management subindustry, Cohen & Steers'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.


Cohen & Steers's Cyclically Adjusted Price-to-FCF Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Cohen & Steers's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Cohen & Steers's Cyclically Adjusted Price-to-FCF falls into.



Cohen & Steers 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.

Cohen & Steers's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=70.29/2.45
=28.69

* 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.

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

For example, Cohen & Steers'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)
=0.96/129.4194*129.4194
=0.960

Current CPI (Dec. 2023) = 129.4194.

Cohen & Steers Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 -0.018 99.695 -0.023
201406 0.032 100.560 0.041
201409 0.292 100.428 0.376
201412 0.755 99.070 0.986
201503 0.007 99.621 0.009
201506 0.782 100.684 1.005
201509 0.702 100.392 0.905
201512 0.466 99.792 0.604
201603 -0.086 100.470 -0.111
201606 0.635 101.688 0.808
201609 0.600 101.861 0.762
201612 1.102 101.863 1.400
201703 -0.053 102.862 -0.067
201706 -0.440 103.349 -0.551
201709 0.666 104.136 0.828
201712 1.115 104.011 1.387
201803 -0.636 105.290 -0.782
201806 0.725 106.317 0.883
201809 0.684 106.507 0.831
201812 0.680 105.998 0.830
201903 -0.640 107.251 -0.772
201906 1.553 108.070 1.860
201909 0.563 108.329 0.673
201912 1.374 108.420 1.640
202003 -0.132 108.902 -0.157
202006 1.244 108.767 1.480
202009 0.641 109.815 0.755
202012 0.030 109.897 0.035
202103 0.174 111.754 0.202
202106 1.648 114.631 1.861
202109 1.623 115.734 1.815
202112 1.439 117.630 1.583
202203 -2.171 121.301 -2.316
202206 1.154 125.017 1.195
202209 1.035 125.227 1.070
202212 1.151 125.222 1.190
202303 -0.396 127.348 -0.402
202306 0.771 128.729 0.775
202309 0.981 129.860 0.978
202312 0.960 129.419 0.960

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.


Cohen & Steers  (NYSE:CNS) 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.


Cohen & Steers Cyclically Adjusted Price-to-FCF Related Terms

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


Cohen & Steers (Cohen & Steers) Business Description

Traded in Other Exchanges
Address
280 Park Avenue, 10th Floor, New York, NY, USA, 10017
Cohen & Steers is a niche asset manager concentrating on real estate securities. The firm invests mainly in the equity shares of real estate investment trusts, with holdings in domestic and international real estate securities accounting for close to two thirds of its $75.2 billion in managed assets at the end of September 2023. Cohen & Steers also manages portfolios dedicated to preferred securities, utilities stocks, and other high-yield offerings. The firm's distribution is balanced among its closed-end funds, open-end funds, and institutional accounts. During the past four calendar quarters, the company garnered 41% (26%) of its managed assets (base management fees) from institutional clients, 45% (53%) from open-end funds, and 14% (21%) from closed-end funds.
Executives
Elena Dulik officer: Chief Accounting Officer 280 PARK AVE, 10TH FLOOR, NEW YORK NY 10017
Richard P Simon director COHEN & STEERS, INC., 280 PARK AVENUE, NEW YORK NY 10017
Brandon Brown officer: Executive Vice President 280 PARK AVENUE, 10TH FLOOR, NEW YORK NY 10017
Martin Cohen director, 10 percent owner, officer: Executive Chairman C/O COHEN & STEERS, INC., 280 PARK AVENUE, NEW YORK NY 10017
Alicia Dee officer: Executive Vice President 280 PARK AVE, 10TH FLOOR, NEW YORK NY 10017
Michele Nolty officer: Executive Vice President C/O COHEN & STEERS, INC., 280 PARK AVENUE, NEW YORK NY 10017
Francis C Poli officer: See Remarks 280 PARK AVENUE, 10TH FLOOR, C/O COHEN & STEERS, NEW YORK NY 10017
Matthew S. Stadler officer: Chief Financial Officer, EVP C/O COHEN & STEERS, INC., 280 PARK AVENUE, NEW YORK NY 10017
John Todd Glickson officer: Senior Vice President 280 PARK AVE, 10TH FLOOR, NEW YORK NY 10017
Dasha Smith director C/O COHEN & STEERS, INC., 280 PARK AVENUE, NEW YORK NY 10017
Daniel P Charles officer: Executive Vice President C/O COHEN & STEERS, INC., NEW YORK NY 10017
Jon Cheigh officer: Executive Vice President C/O COHEN & STEERS, INC., 280 PARK AVENUE, NEW YORK NY 10017
Edmond D Villani director COHEN & STEERS, INC., 280 PARK AVENUE, 10TH FLOOR, NEW YORK NY 10017
Peter L Rhein director
Reena Aggarwal director C/O COHEN & STEERS, INC., 280 PARK AVENUE, NEW YORK NY 10017