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CBRE Group (LTS:0HQP) Cyclically Adjusted FCF per Share : $3.32 (As of Sep. 2024)


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What is CBRE Group Cyclically Adjusted FCF per Share?

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.

CBRE Group's adjusted free cash flow per share for the three months ended in Sep. 2024 was $1.602. 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 $3.32 for the trailing ten years ended in Sep. 2024.

During the past 12 months, CBRE Group's average Cyclically Adjusted FCF Growth Rate was 7.10% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 16.60% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 18.70% per year. During the past 10 years, the average Cyclically Adjusted FCF Growth Rate was 14.50% 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.

During the past 13 years, the highest 3-Year average Cyclically Adjusted FCF Growth Rate of CBRE Group was 23.50% per year. The lowest was 0.90% per year. And the median was 15.10% per year.

As of today (2024-12-13), CBRE Group's current stock price is $140.235. CBRE Group's Cyclically Adjusted FCF per Share for the quarter that ended in Sep. 2024 was $3.32. CBRE Group's Cyclically Adjusted Price-to-FCF of today is 42.24.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of CBRE Group was 44.40. The lowest was 19.80. And the median was 32.57.


CBRE Group Cyclically Adjusted FCF per Share Historical Data

The historical data trend for CBRE Group'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.

* Premium members only.

CBRE Group Cyclically Adjusted FCF per Share Chart

CBRE Group Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.66 2.03 2.69 3.21 3.21

CBRE Group Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 3.15 3.21 3.18 3.26 3.32

Competitive Comparison of CBRE Group's Cyclically Adjusted FCF per Share

For the Real Estate Services subindustry, CBRE Group'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.


CBRE Group's Cyclically Adjusted Price-to-FCF Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, CBRE Group's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where CBRE Group's Cyclically Adjusted Price-to-FCF falls into.



CBRE Group 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, CBRE Group's adjusted Free Cash Flow per Share data for the three months ended in Sep. 2024 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Sep. 2024 (Change)*Current CPI (Sep. 2024)
=1.602/133.0289*133.0289
=1.602

Current CPI (Sep. 2024) = 133.0289.

CBRE Group Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201412 1.536 99.070 2.063
201503 -0.591 99.621 -0.789
201506 0.315 100.684 0.416
201509 0.445 100.392 0.590
201512 1.350 99.792 1.800
201603 -1.073 100.470 -1.421
201606 0.216 101.688 0.283
201609 0.300 101.861 0.392
201612 1.806 101.863 2.359
201703 -1.016 102.862 -1.314
201706 0.492 103.349 0.633
201709 1.352 104.136 1.727
201712 1.266 104.011 1.619
201803 -0.866 105.290 -1.094
201806 0.283 106.317 0.354
201809 1.600 106.507 1.998
201812 1.614 105.998 2.026
201903 -1.322 107.251 -1.640
201906 0.094 108.070 0.116
201909 1.162 108.329 1.427
201912 2.795 108.420 3.429
202003 -0.562 108.902 -0.687
202006 0.240 108.767 0.294
202009 2.398 109.815 2.905
202012 2.551 109.897 3.088
202103 -0.657 111.754 -0.782
202106 1.102 114.631 1.279
202109 2.725 115.734 3.132
202112 3.168 117.630 3.583
202203 -1.292 121.301 -1.417
202206 1.212 125.017 1.290
202209 2.124 125.227 2.256
202212 2.241 125.222 2.381
202303 -2.553 127.348 -2.667
202306 -0.274 128.729 -0.283
202309 0.983 129.860 1.007
202312 2.461 129.419 2.530
202403 -1.815 131.776 -1.832
202406 0.714 132.554 0.717
202409 1.602 133.029 1.602

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


CBRE Group  (LTS:0HQP) 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.

CBRE Group's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=140.235/3.32
=42.24

* 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 CBRE Group was 44.40. The lowest was 19.80. And the median was 32.57.


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.


CBRE Group Cyclically Adjusted FCF per Share Related Terms

Thank you for viewing the detailed overview of CBRE Group's Cyclically Adjusted FCF per Share provided by GuruFocus.com. Please click on the following links to see related term pages.


CBRE Group Business Description

Industry
Traded in Other Exchanges
Address
2100 McKinney Avenue, Suite 1250, Dallas, TX, USA, 75201
CBRE Group provides a wide range of real estate services to owners, occupants, and investors worldwide, including leasing, property and project management, and capital markets advisory. CBRE's investment management arm manages over $140 billion for clients across diverse public and private real estate strategies.

CBRE Group Headlines

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