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American Assets Trust (American Assets Trust) Cyclically Adjusted Price-to-FCF : 23.53 (As of May. 15, 2024)


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What is American Assets Trust Cyclically Adjusted Price-to-FCF?

As of today (2024-05-15), American Assets Trust's current share price is $22.59. American Assets Trust's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was $0.96. American Assets Trust's Cyclically Adjusted Price-to-FCF for today is 23.53.

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

AAT' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 20.59   Med: 39.08   Max: 85.3
Current: 23.29

During the past years, American Assets Trust's highest Cyclically Adjusted Price-to-FCF was 85.30. The lowest was 20.59. And the median was 39.08.

AAT's Cyclically Adjusted Price-to-FCF is ranked worse than
76.03% of 388 companies
in the REITs industry
Industry Median: 11.59 vs AAT: 23.29

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.

American Assets Trust's adjusted free cash flow per share data for the three months ended in Mar. 2024 was $0.573. 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 $0.96 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


American Assets Trust Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for American Assets 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.

American Assets Trust Cyclically Adjusted Price-to-FCF Chart

American Assets 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 77.66 52.62 48.75 32.64 25.19

American Assets Trust 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 22.51 22.60 22.59 25.19 22.92

Competitive Comparison of American Assets Trust's Cyclically Adjusted Price-to-FCF

For the REIT - Diversified subindustry, American Assets 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.


American Assets Trust's Cyclically Adjusted Price-to-FCF Distribution in the REITs Industry

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

* The bar in red indicates where American Assets Trust's Cyclically Adjusted Price-to-FCF falls into.



American Assets 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.

American Assets Trust's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=22.59/0.96
=23.53

* 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.

American Assets Trust's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, American Assets Trust'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)
=0.573/129.4194*129.4194
=0.573

Current CPI (Mar. 2024) = 129.4194.

American Assets Trust Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -0.144 100.560 -0.185
201409 -0.042 100.428 -0.054
201412 -0.419 99.070 -0.547
201503 -0.189 99.621 -0.246
201506 -0.354 100.684 -0.455
201509 0.134 100.392 0.173
201512 0.022 99.792 0.029
201603 0.271 100.470 0.349
201606 0.231 101.688 0.294
201609 0.402 101.861 0.511
201612 0.062 101.863 0.079
201703 0.552 102.862 0.695
201706 0.417 103.349 0.522
201709 0.450 104.136 0.559
201712 0.116 104.011 0.144
201803 0.721 105.290 0.886
201806 0.439 106.317 0.534
201809 0.394 106.507 0.479
201812 -0.080 105.998 -0.098
201903 0.248 107.251 0.299
201906 0.096 108.070 0.115
201909 0.451 108.329 0.539
201912 0.117 108.420 0.140
202003 0.326 108.902 0.387
202006 0.119 108.767 0.142
202009 0.349 109.815 0.411
202012 0.040 109.897 0.047
202103 0.409 111.754 0.474
202106 0.132 114.631 0.149
202109 0.416 115.734 0.465
202112 -0.120 117.630 -0.132
202203 0.122 121.301 0.130
202206 0.179 125.017 0.185
202209 0.388 125.227 0.401
202212 0.167 125.222 0.173
202303 0.360 127.348 0.366
202306 0.344 128.729 0.346
202309 0.419 129.860 0.418
202312 0.263 129.419 0.263
202403 0.573 129.419 0.573

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.


American Assets Trust  (NYSE:AAT) 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.


American Assets Trust Cyclically Adjusted Price-to-FCF Related Terms

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


American Assets Trust (American Assets Trust) Business Description

Industry
Traded in Other Exchanges
N/A
Address
3420 Carmel Mountain Road, Suite 100, San Diego, CA, USA, 92121
American Assets Trust Inc is a self-administered real estate investment trust based in the United States. The company invests in, operates, and develops retail, office, residential, and mixed-use properties. Properties are primarily located in South California, Northern California, Oregon, Washington, and Hawaii. American Assets operates through four segments based on property type: retail; office; mixed-use, which consists of retail and hotel components; and multifamily, which includes the company's apartment properties. The retail and office segments collectively contribute the majority of the total revenue.
Executives
Ernest S Rady director, 10 percent owner, officer: Executive Chairman 23 PASTEUR ROAD, C/O WESTCORP, IRVINE CA 92618
Nina A Tran director C/O AMB PROPERTY CORPORATION, PIER 1, BAY 1, SAN FRANCISCO CA 94111
Adam Wyll officer: Senior VP, Gen Counsel and Sec 11455 EL CAMINO REAL, SUITE 200, SAN DIEGO CA 92130
Robert F. Barton officer: Executive Vice President & CFO 11455 EL CAMINO REAL, SUITE 200, SAN DIEGO CA 92130
Joy L. Schaefer director 30699 RUSSELL RANCH ROAD, SUITE 295, WESTLAKE VILLAGE CA 91362
Duane Nelles director 23 PASTEUR ROAD, IRVINE CA 92618
Jerry Gammieri officer: V. P. Construction and Devlp 11455 EL CAMINO REAL, SUITE 200, SAN DIEGO CA 92130
Patrick Kinney officer: Senior VP of Real Estate Ops 11455 EL CAMINO REAL, SUITE 200, SAN DIEGO CA 92130
John W. Chamberlain director, officer: CEO and President 11455 EL CAMINO REAL, SUITE 200, SAN DIEGO CA 92130
American Assets Inc 10 percent owner 3430 CARMEL MOUNTAIN ROAD, SUITE 150, SAN DIEGO CA 92121
Alan D Gold director 17140 BERNARDO CENTER DRIVE, SUITE 195, SAN DIEGO CA 92128
Larry E Finger director 1626 EAST JEFFERSON ST, ROCKVILLE MD 20852
Thomas S Olinger director C/O AMB PROPERTY CORPORATION, PIER 1, BAY 1, SAN FRANCISCO CA 94111
Robert S Sullivan director P O BOX 1637, HOUSTON TX 77251
Lange Edward F Jr director 405 PARK AVENUE, NEW YORK NY 10022