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As of today (2025-01-19), Alexandria Real Estate Equities's current share price is $101.79. Alexandria Real Estate Equities's Cyclically Adjusted FCF per Share for the quarter that ended in Sep. 2024 was $7.73. Alexandria Real Estate Equities's Cyclically Adjusted Price-to-FCF for today is 13.17.
The historical rank and industry rank for Alexandria Real Estate Equities's Cyclically Adjusted Price-to-FCF or its related term are showing as below:
During the past years, Alexandria Real Estate Equities's highest Cyclically Adjusted Price-to-FCF was 763.29. The lowest was 12.29. And the median was 38.85.
ARE's Cyclically Adjusted Price-to-FCF is ranked worse thanThe 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.
Alexandria Real Estate Equities's adjusted free cash flow per share data for the three months ended in Sep. 2024 was $2.775. 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 $7.73 for the trailing ten years ended in Sep. 2024.
The historical data trend for Alexandria Real Estate Equities'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.
Alexandria Real Estate Equities Quarterly Data | ||||||||||||||||||||
Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | Jun24 | Sep24 | |
Cyclically Adjusted Price-to-FCF | Get a 7-Day Free Trial | 13.91 | 17.41 | 17.24 | 15.33 | 15.37 |
For the REIT - Office subindustry, Alexandria Real Estate Equities'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.
For the REITs industry and Real Estate sector, Alexandria Real Estate Equities's Cyclically Adjusted Price-to-FCF distribution charts can be found below:
* The bar in red indicates where Alexandria Real Estate Equities's Cyclically Adjusted Price-to-FCF falls into.
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.
Alexandria Real Estate Equities's Cyclically Adjusted Price-to-FCF for today is calculated as
Cyclically Adjusted Price-to-FCF | = | Share Price | / | Cyclically Adjusted FCF per Share |
= | 101.79 | / | 7.73 | |
= | 13.17 |
* 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.
Alexandria Real Estate Equities's Cyclically Adjusted FCF per Share for the quarter that ended in Sep. 2024 is calculated as:
For example, Alexandria Real Estate Equities'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) |
= | 2.775 | / | 133.0289 | * | 133.0289 | |
= | 2.775 |
Current CPI (Sep. 2024) = 133.0289.
Alexandria Real Estate Equities Quarterly Data
Free Cash Flow per Share | CPI | Adj_FreeCashFlowPerShare | |
201412 | 1.111 | 99.070 | 1.492 |
201503 | 1.497 | 99.621 | 1.999 |
201506 | 0.624 | 100.684 | 0.824 |
201509 | 1.329 | 100.392 | 1.761 |
201512 | 1.339 | 99.792 | 1.785 |
201603 | 1.402 | 100.470 | 1.856 |
201606 | 0.946 | 101.688 | 1.238 |
201609 | 1.547 | 101.861 | 2.020 |
201612 | 1.257 | 101.863 | 1.642 |
201703 | 1.220 | 102.862 | 1.578 |
201706 | 1.279 | 103.349 | 1.646 |
201709 | 1.431 | 104.136 | 1.828 |
201712 | 0.976 | 104.011 | 1.248 |
201803 | 1.288 | 105.290 | 1.627 |
201806 | 1.265 | 106.317 | 1.583 |
201809 | 1.479 | 106.507 | 1.847 |
201812 | 1.471 | 105.998 | 1.846 |
201903 | 1.231 | 107.251 | 1.527 |
201906 | 1.539 | 108.070 | 1.894 |
201909 | 1.759 | 108.329 | 2.160 |
201912 | 1.551 | 108.420 | 1.903 |
202003 | 1.571 | 108.902 | 1.919 |
202006 | 1.626 | 108.767 | 1.989 |
202009 | 2.506 | 109.815 | 3.036 |
202012 | 1.296 | 109.897 | 1.569 |
202103 | 1.540 | 111.754 | 1.833 |
202106 | 1.642 | 114.631 | 1.906 |
202109 | 2.038 | 115.734 | 2.343 |
202112 | 1.617 | 117.630 | 1.829 |
202203 | 1.208 | 121.301 | 1.325 |
202206 | 2.100 | 125.017 | 2.235 |
202209 | 2.247 | 125.227 | 2.387 |
202212 | 2.425 | 125.222 | 2.576 |
202303 | 1.789 | 127.348 | 1.869 |
202306 | 2.800 | 128.729 | 2.894 |
202309 | 2.445 | 129.860 | 2.505 |
202312 | 2.505 | 129.419 | 2.575 |
202403 | 1.984 | 131.776 | 2.003 |
202406 | 2.394 | 132.554 | 2.403 |
202409 | 2.775 | 133.029 | 2.775 |
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.
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.
Thank you for viewing the detailed overview of Alexandria Real Estate Equities's Cyclically Adjusted Price-to-FCF provided by GuruFocus.com. Please click on the following links to see related term pages.
James P Cain | director | C/O ALEXANDRIA REAL ESTATE EQUITIES, INC, 26 NORTH EUCLID AVENUE, PASADENA CA 91101 |
Vincent Ciruzzi | officer: Chief Development Officer | C/O ALEXANDRIA REAL ESTATE EQUITIES, INC, 26 NORTH EUCLID AVENUE, PASADENA CA 91101 |
Orraparn C. Lee | officer: EVP - Accounting | C/O ALEXANDRIA REAL ESTATE EQUITIES, INC, 26 NORTH EUCLID AVENUE, PASADENA CA 91101 |
Peter M Moglia | officer: Chief Investment Officer | C/O ALEXANDRIA REAL ESTATE EQUITIES, INC, 26 NORTH EUCLID AVENUE, PASADENA CA 91101 |
Joel S Marcus | director, officer: Chief Executive Officer | C/O ALEXANDRIA REAL ESTATE EQUITIES, INC, 26 NORTH EUCLID AVENUE, PASADENA CA 91101 |
Kristina Fukuzaki-carlson | officer: EVP - Business Operations | C/O ALEXANDRIA REAL ESTATE EQUITIES, INC, 26 NORTH EUCLID AVENUE, PASADENA CA 91101 |
Daniel J Ryan | officer: EVP - San Diego | C/O ALEXANDRIA REAL ESTATE EQUITIES, INC, 26 NORTH EUCLID AVENUE, PASADENA CA 91101 |
Madeleine Thorp Alsbrook | officer: EVP - Talent Management | C/O ALEXANDRIA REAL ESTATE EQUITIES, INC, 26 NORTH EUCLID AVENUE, PASADENA CA 91101 |
John H Cunningham | officer: EVP - Regional Market Director | C/O ALEXANDRIA REAL ESTATE EQUITIES, INC, 26 NORTH EUCLID AVENUE, PASADENA CA 91101 |
Hunter Kass | officer: EVP - Regional Market Director | C/O ALEXANDRIA REAL ESTATE EQUITIES, INC, 26 NORTH EUCLID AVE., PASADENA CA 91101 |
Marc E Binda | officer: EVP - Finance & Treasurer | C/O ALEXANDRIA REAL ESTATE EQUITIES, INC, 26 NORTH EUCLID AVENUE, PASADENA CA 91101 |
Dean A Shigenaga | officer: Chief Financial Officer | C/O ALEXANDRIA REAL ESTATE EQUITIES, INC, 26 NORTH EUCLID AVENUE, PASADENA CA 91101 |
Maria C Freire | director | C/O ALEXANDRIA REAL ESTATE EQUITIES, INC, 26 NORTH EUCLID AVENUE, PASADENA CA 91101 |
Jackie B. Clem | officer: General Counsel & Secretary | C/O ALEXANDRIA REAL ESTATE EQUITIES, INC, 26 NORTH EUCLID AVENUE, PASADENA CA 91101 |
Stephen Richardson | officer: Chief Operating Officer | C/O ALEXANDRIA REAL ESTATE EQUITIES, INC, 26 NORTH EUCLID AVENUE, PASADENA CA 91101 |
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