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BXP (BSP:BOXP34) Cyclically Adjusted Price-to-FCF : 7.92 (As of Jun. 06, 2025)


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What is BXP Cyclically Adjusted Price-to-FCF?

As of today (2025-06-06), BXP's current share price is R$39.70. BXP's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2025 was R$5.01. BXP's Cyclically Adjusted Price-to-FCF for today is 7.92.

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

BSP:BOXP34' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 6.19   Med: 19.25   Max: 136.25
Current: 8.42

During the past years, BXP's highest Cyclically Adjusted Price-to-FCF was 136.25. The lowest was 6.19. And the median was 19.25.

BSP:BOXP34's Cyclically Adjusted Price-to-FCF is ranked better than
69.38% of 418 companies
in the REITs industry
Industry Median: 12.31 vs BSP:BOXP34: 8.42

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.

BXP's adjusted free cash flow per share data for the three months ended in Mar. 2025 was R$0.762. 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$5.01 for the trailing ten years ended in Mar. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


BXP Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for BXP'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.

BXP Cyclically Adjusted Price-to-FCF Chart

BXP 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 16.03 16.66 8.85 8.72 8.79

BXP 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 7.95 7.38 9.57 8.79 7.88

Competitive Comparison of BXP's Cyclically Adjusted Price-to-FCF

For the REIT - Office subindustry, BXP'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.


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

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

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


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BXP 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=39.70/5.01
=7.92

* 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.

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

For example, BXP'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)
=0.762/134.9266*134.9266
=0.762

Current CPI (Mar. 2025) = 134.9266.

BXP Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201506 0.489 100.684 0.655
201509 0.421 100.392 0.566
201512 0.480 99.792 0.649
201603 0.838 100.470 1.125
201606 0.523 101.688 0.694
201609 0.337 101.861 0.446
201612 0.633 101.863 0.838
201703 0.486 102.862 0.637
201706 0.267 103.349 0.349
201709 0.446 104.136 0.578
201712 0.697 104.011 0.904
201803 0.479 105.290 0.614
201806 0.817 106.317 1.037
201809 0.557 106.507 0.706
201812 0.953 105.998 1.213
201903 0.514 107.251 0.647
201906 0.892 108.070 1.114
201909 0.676 108.329 0.842
201912 0.957 108.420 1.191
202003 0.551 108.902 0.683
202006 1.266 108.767 1.570
202009 0.791 109.815 0.972
202012 1.237 109.897 1.519
202103 0.549 111.754 0.663
202106 1.312 114.631 1.544
202109 0.763 115.734 0.890
202112 1.253 117.630 1.437
202203 0.696 121.301 0.774
202206 1.275 125.017 1.376
202209 0.987 125.227 1.063
202212 1.235 125.222 1.331
202303 0.776 127.348 0.822
202306 1.171 128.729 1.227
202309 0.948 129.860 0.985
202312 1.206 129.419 1.257
202403 0.626 131.776 0.641
202406 1.257 132.554 1.280
202409 1.001 133.029 1.015
202412 1.481 133.157 1.501
202503 0.762 134.927 0.762

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.


BXP  (BSP:BOXP34) 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.


BXP Cyclically Adjusted Price-to-FCF Related Terms

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


BXP Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » BXP Inc (BSP:BOXP34) » Definitions » Cyclically Adjusted Price-to-FCF
Traded in Other Exchanges
Address
800 Boylston Street, Suite 1900, Prudential Center, Boston, MA, USA, 02199-8103
BXP Inc. owns over 180 properties consisting of approximately 53 million rentable square feet of space. The portfolio is dominated by office buildings and is spread across major cities such as New York, Boston, San Francisco, Los Angeles, Seattle, and the Washington, D.C., region. The real estate investment trust also owns limited retail, hotel, and residential properties.

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