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Granite Real Estate Investment Trust (Granite Real Estate Investment Trust) Cyclically Adjusted Price-to-FCF : 18.40 (As of Apr. 28, 2024)


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What is Granite Real Estate Investment Trust Cyclically Adjusted Price-to-FCF?

As of today (2024-04-28), Granite Real Estate Investment Trust's current share price is $50.61. Granite Real Estate Investment Trust's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was $2.75. Granite Real Estate Investment Trust's Cyclically Adjusted Price-to-FCF for today is 18.40.

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

GRP.U' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 18.02   Med: 26.2   Max: 1332
Current: 19.12

During the past years, Granite Real Estate Investment Trust's highest Cyclically Adjusted Price-to-FCF was 1332.00. The lowest was 18.02. And the median was 26.20.

GRP.U's Cyclically Adjusted Price-to-FCF is ranked worse than
69.49% of 390 companies
in the REITs industry
Industry Median: 11.545 vs GRP.U: 19.12

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.

Granite Real Estate Investment Trust's adjusted free cash flow per share data for the three months ended in Dec. 2023 was $0.893. 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 $2.75 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Granite Real Estate Investment Trust Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Granite Real Estate Investment Trust'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.

Granite Real Estate Investment Trust Cyclically Adjusted Price-to-FCF Chart

Granite Real Estate Investment Trust 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 27.04 29.27 36.12 21.02 20.99

Granite Real Estate Investment Trust 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 21.02 24.67 22.38 20.21 20.99

Competitive Comparison of Granite Real Estate Investment Trust's Cyclically Adjusted Price-to-FCF

For the REIT - Industrial subindustry, Granite Real Estate Investment Trust'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.


Granite Real Estate Investment Trust's Cyclically Adjusted Price-to-FCF Distribution in the REITs Industry

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

* The bar in red indicates where Granite Real Estate Investment Trust's Cyclically Adjusted Price-to-FCF falls into.



Granite Real Estate Investment Trust 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.

Granite Real Estate Investment Trust's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=50.61/2.75
=18.40

* 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.

Granite Real Estate Investment Trust's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, Granite Real Estate Investment Trust'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)
=0.893/125.4675*125.4675
=0.893

Current CPI (Dec. 2023) = 125.4675.

Granite Real Estate Investment Trust Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 -0.258 98.604 -0.328
201406 0.922 99.473 1.163
201409 -0.153 99.394 -0.193
201412 0.426 98.367 0.543
201503 0.511 99.789 0.642
201506 0.591 100.500 0.738
201509 0.636 100.421 0.795
201512 0.445 99.947 0.559
201603 0.659 101.054 0.818
201606 0.523 102.002 0.643
201609 0.629 101.765 0.776
201612 0.460 101.449 0.569
201703 -0.405 102.634 -0.495
201706 0.528 103.029 0.643
201709 0.682 103.345 0.828
201712 0.470 103.345 0.571
201803 0.466 105.004 0.557
201806 0.644 105.557 0.765
201809 0.652 105.636 0.774
201812 0.310 105.399 0.369
201903 0.576 106.979 0.676
201906 0.760 107.690 0.885
201909 0.529 107.611 0.617
201912 0.482 107.769 0.561
202003 0.719 107.927 0.836
202006 0.874 108.401 1.012
202009 0.897 108.164 1.040
202012 0.755 108.559 0.873
202103 0.829 110.298 0.943
202106 0.839 111.720 0.942
202109 0.952 112.905 1.058
202112 0.638 113.774 0.704
202203 0.845 117.646 0.901
202206 0.744 120.806 0.773
202209 0.893 120.648 0.929
202212 0.757 120.964 0.785
202303 0.960 122.702 0.982
202306 0.798 124.203 0.806
202309 0.986 125.230 0.988
202312 0.893 125.468 0.893

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.


Granite Real Estate Investment Trust  (NYSE:GRP.U) 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.


Granite Real Estate Investment Trust Cyclically Adjusted Price-to-FCF Related Terms

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


Granite Real Estate Investment Trust (Granite Real Estate Investment Trust) Business Description

Traded in Other Exchanges
Address
77 King Street West, Suite 4010, P.O. Box 159, Toronto-Dominion Centre, Toronto, ON, CAN, M5K 1H1
Granite Real Estate Investment Trust, or Granite, is a real estate investment trust engaged in the acquisition, development, ownership and management of of logistics, warehouse and industrial properties in North America and Europe. Granite's portfolio comprises various manufacturing, corporate office, warehouse and logistics, and product engineering facilities. The vast majority of the company's assets are logistics and distribution warehouses and multipurpose buildings split fairly evenly amongst Canadian, Austrian, and U.S. locations. Granite derives nearly all of its revenue in the form of rental income from its properties. The company's tenant is Magna International, an automotive parts and systems manufacturer, which accounts for the majority of Granite's lease income.

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