ALEX (Alexander & Baldwin) Cyclically Adjusted FCF per Share: $0.10 (As of Dec. 2025)

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ALEX Alexander & Baldwin Inc ALEX
51 GF Score
Price $20.84
GF Value $16.25
! 10 Warning Signs
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What is Alexander & Baldwin Cyclically Adjusted FCF per Share?

Alexander & Baldwin ALEX 51 Cyclically Adjusted FCF per Share is $0.10 as of Dec. 2025. GuruFocus rates ALEX with a GF Score™ of 51/100 and a GF Value™ of $16.25. The stock has 10 warning signs investors should review.

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted FCF per Share and 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.

Alexander & Baldwin's adjusted free cash flow per share for the three months ended in Dec. 2025 was $-0.035. Add all the adjusted free cash flow per share for the past 10 years together and divide the count will get our Cyclically Adjusted FCF per Share, which is $0.10 for the trailing ten years ended in Dec. 2025.

During the past 12 months, Alexander & Baldwin's average Cyclically Adjusted FCF Growth Rate was -65.50% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted FCF Growth Rate using Cyclically Adjusted FCF per Share data.

As of today (2026-08-26), Alexander & Baldwin's current stock price is $20.84. Alexander & Baldwin's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2025 was $0.10. Alexander & Baldwin's Cyclically Adjusted Price-to-FCF of today is 208.40.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Alexander & Baldwin was 208.50. The lowest was 58.76. And the median was 78.13.


Alexander & Baldwin  (NYSE:ALEX) Cyclically Adjusted FCF per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted FCF per Share may underestimate the company's free cash flow. Cyclically Adjusted Price-to-FCF can seem to be too high even the actual Price-to-Free-Cash-Flow is low.

For the Cyclically Adjusted Price-to-FCF, the free cash flow per share of the past 10 years are inflation-adjusted and averaged. The result is used for P/FCF calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted Price-to-FCF is also called CAPFCF Ratio.

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.

Alexander & Baldwin's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=20.84/0.10
=208.40

* 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.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Alexander & Baldwin was 208.50. The lowest was 58.76. And the median was 78.13.


Be Aware

Cyclically Adjusted Price-to-FCF works better for cyclical companies. It gives you a better idea on the company's real free cash flow value.


Alexander & Baldwin Cyclically Adjusted FCF per Share Related Terms


Alexander & Baldwin Cyclically Adjusted FCF per Share Historical Data

* Premium members only.

The historical data trend for Alexander & Baldwin's Cyclically Adjusted FCF per Share 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.

Alexander & Baldwin Cyclically Adjusted FCF per Share Chart

Alexander & Baldwin Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only -1.47 -1.41 0.12 0.29 0.10

Alexander & Baldwin Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25
Cyclically Adjusted FCF per Share 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 0.29 0.27 0.21 0.12 0.10

ALEX vs ALX, CBL, GTY: Cyclically Adjusted FCF per Share Comparison

For the REIT - Retail subindustry, Alexander & Baldwin'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.


Alexander & Baldwin Cyclically Adjusted Price-to-FCF vs REITs Industry

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

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


ALEX
51GF Score
Alexander & Baldwin Inc ALEX
Cyclically Adjusted FCF per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Alexander & Baldwin Cyclically Adjusted FCF per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted FCF per Share and 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.

What is Cyclically Adjusted FCF per Share? How do we calculate Cyclically Adjusted FCF per Share?

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. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted FCF per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the free cash flow per share from 2001 through 2010.

We adjusted the 2001 free cash flow per share data with the total inflation from 2001 through 2010 to the equivalent free cash flow in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's free cash flow is $1 a share in 2001, then the 2001's equivalent free cash flow in 2010 is $1.4 a share. If Wal-Mart's free cash flow is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 free cash flow in 2010 is $1.35. So on and so forth, you get the equivalent free cash flow per share of past 10 years. Then you add them together and divided the sum by the count to get 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.

For example, Alexander & Baldwin's adjusted Free Cash Flow per Share data for the three months ended in Dec. 2025 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Dec. 2025 (Change)*Current CPI (Dec. 2025)
=-0.035/324.0540*324.0540
=-0.035

Current CPI (Dec. 2025) = 324.0540.

Alexander & Baldwin Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201603 -1.884 238.132 -2.564
201606 0.338 241.018 0.454
201609 0.265 241.428 0.356
201612 1.178 241.432 1.581
201703 -0.337 243.801 -0.448
201706 -0.470 244.955 -0.622
201709 -0.784 246.819 -1.029
201712 0.555 246.524 0.730
201803 -2.755 249.554 -3.577
201806 0.079 251.989 0.102
201809 -0.148 252.439 -0.190
201812 3.032 251.233 3.911
201903 -0.474 254.202 -0.604
201906 -1.805 256.143 -2.284
201909 0.256 256.759 0.323
201912 0.675 256.974 0.851
202003 0.175 258.115 0.220
202006 0.064 257.797 0.080
202009 0.030 260.280 0.037
202012 0.318 260.474 0.396
202103 0.212 264.877 0.259
202106 0.405 271.696 0.483
202109 -0.051 274.310 -0.060
202112 0.727 278.802 0.845
202203 0.070 287.504 0.079
202206 -0.152 296.311 -0.166
202209 0.055 296.808 0.060
202212 0.196 296.797 0.214
202303 0.034 301.836 0.037
202306 -0.136 305.109 -0.144
202309 0.384 307.789 0.404
202312 0.212 306.746 0.224
202403 0.169 312.332 0.175
202406 0.248 314.175 0.256
202409 0.022 315.301 0.023
202412 0.209 315.605 0.215
202503 0.300 319.799 0.304
202506 0.162 322.561 0.163
202509 -0.051 324.800 -0.051
202512 -0.035 324.054 -0.035

Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF per Share.

What does a Cyclically Adjusted FCF per Share of $0.10 mean?
Alexander & Baldwin (ALEX) has a Cyclically Adjusted FCF per Share of $0.10 as of Dec. 2025. Cyclically Adjusted FCF per Share represents the company's inflation-adjusted FCF per share over a 10-year period. View historical data on Alexander & Baldwin and its competitors.
Is Alexander & Baldwin's Cyclically Adjusted FCF per Share too high?
Alexander & Baldwin's current Cyclically Adjusted FCF per Share is $0.10. Overall, Alexander & Baldwin has a GF Score™ of 51/100, reflecting its overall financial health beyond just this single metric.
How does Alexander & Baldwin's Cyclically Adjusted FCF per Share compare to ALX and CBL?
Alexander & Baldwin's Cyclically Adjusted FCF per Share of $0.10 can be compared against companies in the REITs industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted FCF per Share for a REITs company?
A good Cyclically Adjusted FCF per Share depends on the REITs industry context. However, Cyclically Adjusted FCF per Share should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted FCF per Share mean?
A high Cyclically Adjusted FCF per Share can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted FCF per Share represents the company's inflation-adjusted FCF per share over a 10-year period. View historical data on Alexander & Baldwin and its competitors. Alexander & Baldwin's current Cyclically Adjusted FCF per Share is $0.10. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Alexander & Baldwin stock overvalued right now?
Alexander & Baldwin (ALEX) has a current Cyclically Adjusted FCF per Share of $0.10. The stock's GF Value™ is $16.25, compared to a current price of $20.84 — trading 28.2% above its estimated fair value. The current Cyclically Adjusted FCF per Share is $0.10. Alexander & Baldwin's overall GF Score™ is 51/100 with 10 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted FCF per Share calculated?
Cyclically Adjusted FCF per Share is calculated from a company's financial statements. For Alexander & Baldwin (ALEX), the current Cyclically Adjusted FCF per Share is $0.10 as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Alexander & Baldwin (ALEX) Overvalued in 2026?

Based on GuruFocus' analysis, Alexander & Baldwin stock appears to be overvalued. The current stock price of $20.84 is trading 28.2% above its estimated GF Value™ of $16.25.

Key valuation signals for ALEX:

  • Cyclically Adjusted FCF per Share: $0.10
  • GF Value™: $16.25 vs. price of $20.84 (28.2% above fair value)
  • GF Score™: 51/100 with 10 warning signs

No single metric tells the full story. See the ALEX stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Alexander & Baldwin Business Description

Industry Real EstateREITs
Address 822 Bishop Street, Post Office Box 3440, Honolulu, HI, USA, 96801
Alexander & Baldwin Inc is a Hawaii commercial real estate company. The group owns, operates, and manages a million square feet of retail, industrial, and office space in Hawaii. It is a real estate investment trust (REIT) and the owner of grocery and drug-anchored retail centers in the state. It functions through two segments, namely Commercial Real Estate and Land Operations. The Commercial Real Estate segment owns and manages retail, industrial spaces, and also urban ground leases in Hawaii, thereby accounting for a majority of the company's revenue. The Land Operations segment actively manages the company's land and real estate-related assets and makes optimum utilization of these assets. Geographically, the activities are carried out across the United States.
51GF Score

Get the complete analysis for ALEX

Cyclically Adjusted FCF per Share is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$20.84
Price
$16.25
GF Value