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National Storage REIT (ASX:NSR) Cyclically Adjusted Price-to-FCF : 14.13 (As of May. 01, 2024)


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What is National Storage REIT Cyclically Adjusted Price-to-FCF?

As of today (2024-05-01), National Storage REIT's current share price is A$2.12. National Storage REIT's Cyclically Adjusted FCF per Share for the fiscal year that ended in Jun23 was A$0.15. National Storage REIT's Cyclically Adjusted Price-to-FCF for today is 14.13.

The historical rank and industry rank for National Storage REIT's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

ASX:NSR' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 13.6   Med: 14.9   Max: 16.2
Current: 14.52

During the past 10 years, National Storage REIT's highest Cyclically Adjusted Price-to-FCF was 16.20. The lowest was 13.60. And the median was 14.90.

ASX:NSR's Cyclically Adjusted Price-to-FCF is ranked worse than
60.1% of 391 companies
in the REITs industry
Industry Median: 11.44 vs ASX:NSR: 14.52

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.

National Storage REIT's adjusted free cash flow per share data of for the fiscal year that ended in Jun23 was A$0.150. 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 A$0.15 for the trailing ten years ended in Jun23.

Shiller PE for Stocks: The True Measure of Stock Valuation


National Storage REIT Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for National Storage REIT'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.

National Storage REIT Cyclically Adjusted Price-to-FCF Chart

National Storage REIT Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - - 16.02

National Storage REIT Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 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 - - - 16.02 -

Competitive Comparison of National Storage REIT's Cyclically Adjusted Price-to-FCF

For the REIT - Industrial subindustry, National Storage REIT'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.


National Storage REIT's Cyclically Adjusted Price-to-FCF Distribution in the REITs Industry

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

* The bar in red indicates where National Storage REIT's Cyclically Adjusted Price-to-FCF falls into.



National Storage REIT 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.

National Storage REIT's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=2.12/0.15
=14.13

* 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.

National Storage REIT's Cyclically Adjusted FCF per Share for the fiscal year that ended in Jun23 is calculated as:

For example, National Storage REIT's adjusted Free Cash Flow per Share data for the fiscal year that ended in Jun23 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Jun23 (Change)*Current CPI (Jun23)
=0.15/124.1700*124.1700
=0.150

Current CPI (Jun23) = 124.1700.

National Storage REIT Annual Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.079 98.352 0.100
201506 0.120 99.838 0.149
201606 0.140 100.859 0.172
201706 0.126 102.809 0.152
201806 0.140 104.945 0.166
201906 0.140 106.617 0.163
202006 0.105 106.246 0.123
202106 0.130 110.332 0.146
202206 0.137 117.112 0.145
202306 0.150 124.170 0.150

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.


National Storage REIT  (ASX:NSR) 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.


National Storage REIT Cyclically Adjusted Price-to-FCF Related Terms

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


National Storage REIT (ASX:NSR) Business Description

Industry
Traded in Other Exchanges
Address
1 Eagle Street, Level 16, Brisbane, QLD, AUS, 4000
National Storage REIT is the largest self-storage provider in Australia and New Zealand. Most of its properties are owned and operated, but it also has long-term leaseholds. Most NSR centres are in city fringe, suburban and regional areas. The industry is fragmented, mostly comprising single site owners, while the largest three players, NSR, privately owned Kennards, and the listed Abacus Storage King operate over a third of the market. NSR plans to continue acquiring and developing self-storage centres, consolidating the fragmented industry, as well generating organic growth via dynamic pricing and occupancy management. However, its large rivals are competing via similar strategies.

National Storage REIT (ASX:NSR) Headlines

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