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AvalonBay Communities (BSP:A1VB34) Cyclically Adjusted Price-to-FCF : 19.42 (As of Jun. 26, 2025)


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What is AvalonBay Communities Cyclically Adjusted Price-to-FCF?

As of today (2025-06-26), AvalonBay Communities's current share price is R$282.24. AvalonBay Communities's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2025 was R$14.53. AvalonBay Communities's Cyclically Adjusted Price-to-FCF for today is 19.42.

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

BSP:A1VB34' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 16.76   Med: 28.41   Max: 833.73
Current: 19.72

During the past years, AvalonBay Communities's highest Cyclically Adjusted Price-to-FCF was 833.73. The lowest was 16.76. And the median was 28.41.

BSP:A1VB34's Cyclically Adjusted Price-to-FCF is ranked worse than
70.45% of 423 companies
in the REITs industry
Industry Median: 12.19 vs BSP:A1VB34: 19.72

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.

AvalonBay Communities's adjusted free cash flow per share data for the three months ended in Mar. 2025 was R$3.711. 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 R$14.53 for the trailing ten years ended in Mar. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


AvalonBay Communities Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for AvalonBay Communities'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.

AvalonBay Communities Cyclically Adjusted Price-to-FCF Chart

AvalonBay Communities Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 21.45 30.42 17.82 19.46 21.90

AvalonBay Communities Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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 18.83 20.78 22.35 21.90 21.03

Competitive Comparison of AvalonBay Communities's Cyclically Adjusted Price-to-FCF

For the REIT - Residential subindustry, AvalonBay Communities'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.


AvalonBay Communities's Cyclically Adjusted Price-to-FCF Distribution in the REITs Industry

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

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


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AvalonBay Communities 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.

AvalonBay Communities's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=282.24/14.53
=19.42

* 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.

AvalonBay Communities's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2025 is calculated as:

For example, AvalonBay Communities's adjusted Free Cash Flow per Share data for the three months ended in Mar. 2025 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=3.711/134.9266*134.9266
=3.711

Current CPI (Mar. 2025) = 134.9266.

AvalonBay Communities Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201506 1.240 100.684 1.662
201509 2.239 100.392 3.009
201512 1.905 99.792 2.576
201603 1.769 100.470 2.376
201606 1.629 101.688 2.161
201609 1.701 101.861 2.253
201612 1.678 101.863 2.223
201703 1.646 102.862 2.159
201706 1.535 103.349 2.004
201709 1.924 104.136 2.493
201712 1.761 104.011 2.284
201803 1.765 105.290 2.262
201806 1.960 106.317 2.487
201809 2.466 106.507 3.124
201812 2.073 105.998 2.639
201903 2.360 107.251 2.969
201906 1.686 108.070 2.105
201909 2.448 108.329 3.049
201912 1.928 108.420 2.399
202003 2.587 108.902 3.205
202006 2.438 108.767 3.024
202009 2.860 109.815 3.514
202012 2.046 109.897 2.512
202103 3.027 111.754 3.655
202106 1.881 114.631 2.214
202109 2.763 115.734 3.221
202112 2.511 117.630 2.880
202203 2.771 121.301 3.082
202206 2.329 125.017 2.514
202209 3.624 125.227 3.905
202212 2.719 125.222 2.930
202303 3.363 127.348 3.563
202306 2.554 128.729 2.677
202309 3.632 129.860 3.774
202312 2.443 129.419 2.547
202403 3.276 131.776 3.354
202406 3.136 132.554 3.192
202409 4.199 133.029 4.259
202412 2.905 133.157 2.944
202503 3.711 134.927 3.711

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.


AvalonBay Communities  (BSP:A1VB34) 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.


AvalonBay Communities Cyclically Adjusted Price-to-FCF Related Terms

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


AvalonBay Communities Business Description

Industry
Traded in Other Exchanges
Address
4040 Wilson Boulevard, Suite 1000, Arlington, VA, USA, 22203
AvalonBay Communities owns a portfolio of 289 apartment communities with over 87,000 units and is developing 17 additional properties with over 6,000 units. The company focuses on owning large, high-quality properties in major metropolitan areas of New England, New York/New Jersey, Washington, D.C., California, and the Pacific Northwest.

AvalonBay Communities Headlines

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