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CDP (COPT Defense Properties) Cyclically Adjusted Price-to-FCF : 11.30 (As of Jun. 01, 2025)


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What is COPT Defense Properties Cyclically Adjusted Price-to-FCF?

As of today (2025-06-01), COPT Defense Properties's current share price is $27.45. COPT Defense Properties's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2025 was $2.43. COPT Defense Properties's Cyclically Adjusted Price-to-FCF for today is 11.30.

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

CDP' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 7.93   Med: 12.84   Max: 111.52
Current: 11.32

During the past years, COPT Defense Properties's highest Cyclically Adjusted Price-to-FCF was 111.52. The lowest was 7.93. And the median was 12.84.

CDP's Cyclically Adjusted Price-to-FCF is ranked better than
56.22% of 418 companies
in the REITs industry
Industry Median: 12.55 vs CDP: 11.32

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.

COPT Defense Properties's adjusted free cash flow per share data for the three months ended in Mar. 2025 was $0.576. 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 $2.43 for the trailing ten years ended in Mar. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


COPT Defense Properties Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for COPT Defense Properties'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.

COPT Defense Properties Cyclically Adjusted Price-to-FCF Chart

COPT Defense Properties 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 12.66 12.89 11.73 11.11 12.94

COPT Defense Properties 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 10.34 10.60 12.80 12.94 11.24

Competitive Comparison of COPT Defense Properties's Cyclically Adjusted Price-to-FCF

For the REIT - Office subindustry, COPT Defense Properties'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.


COPT Defense Properties's Cyclically Adjusted Price-to-FCF Distribution in the REITs Industry

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

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


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COPT Defense Properties 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.

COPT Defense Properties's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=27.45/2.43
=11.30

* 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.

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

For example, COPT Defense Properties'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)
=0.576/134.9266*134.9266
=0.576

Current CPI (Mar. 2025) = 134.9266.

COPT Defense Properties Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201506 0.810 100.684 1.085
201509 0.218 100.392 0.293
201512 0.467 99.792 0.631
201603 0.402 100.470 0.540
201606 0.747 101.688 0.991
201609 0.418 101.861 0.554
201612 0.629 101.863 0.833
201703 0.557 102.862 0.731
201706 0.513 103.349 0.670
201709 0.489 104.136 0.634
201712 0.532 104.011 0.690
201803 0.208 105.290 0.267
201806 0.502 106.317 0.637
201809 0.345 106.507 0.437
201812 0.441 105.998 0.561
201903 0.455 107.251 0.572
201906 0.466 108.070 0.582
201909 0.354 108.329 0.441
201912 0.547 108.420 0.681
202003 0.507 108.902 0.628
202006 0.608 108.767 0.754
202009 0.083 109.815 0.102
202012 0.637 109.897 0.782
202103 0.310 111.754 0.374
202106 0.809 114.631 0.952
202109 0.489 115.734 0.570
202112 0.342 117.630 0.392
202203 0.339 121.301 0.377
202206 0.701 125.017 0.757
202209 0.367 125.227 0.395
202212 0.631 125.222 0.680
202303 0.473 127.348 0.501
202306 0.707 128.729 0.741
202309 0.566 129.860 0.588
202312 0.530 129.419 0.553
202403 0.514 131.776 0.526
202406 0.783 132.554 0.797
202409 0.540 133.029 0.548
202412 0.816 133.157 0.827
202503 0.576 134.927 0.576

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.


COPT Defense Properties  (NYSE:CDP) 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.


COPT Defense Properties Cyclically Adjusted Price-to-FCF Related Terms

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


COPT Defense Properties Business Description

Industry
Traded in Other Exchanges
Address
6711 Columbia Gateway Drive, Suite 300, Columbia, MD, USA, 21046
COPT Defense Properties is a fully-integrated and self-managed real estate investment trust (REIT) focused on owning, operating and developing properties in locations proximate to, or sometimes containing, key U.S. Government (USG) defense installations and missions. Its tenants include the USG and their defense contractors, who are engaged in priority national security activities, and who generally require mission-critical and high security property enhancements. Its properties include 195 operating properties totaling approximately 22.4 million square feet comprised of 16.5 million square feet in 164 office properties and 5.9 million square feet in 31 single-tenant data center shells.
Executives
Robert L Denton director C/O CORPORATE OFFICE PROPERTIES TRUST, 6711 COLUMBIA GATEWAY DRIVE, #300, COLUMBIA MD 21046
Matthew T Myers officer: SVP-CAO & Controller 6711 COLUMBIA GATEWAY DR, SUITE 300, COLUMBIA MD 21046
Stephen E Budorick officer: EVP & COO C/O CORPORATE OFFICE PROPERTIES TRUST, 6711 COLUMBIA GATEWAY DRIVE, #300, COLUMBIA MD 21046
Lisa G Trimberger director C/O CORPORATE OFFICE PROPERTIES TRUST, 6711 COLUMBIA GATEWAY DRIVE, SUITE 300, COLUMBIA MD 21046
Steven D Kesler director C/O CORPORATE OFFICE PROPERTIES TRUST, 6711 COLUMBIA GATEWAY DRIVE, #300, COLUMBIA MD 21046
Essye B. Miller director 6711 COLUMBIA GATEWAY DRIVE, SUITE 300, COLUMBIA MD 21046
Greg J Thor officer: SVP--CAO & Controller C/O CORPORATE OFFICE PROPERTIES TRUST, 6711 COLUMBIA GATEWAY DRIVE, SUITE 300, COLUMBIA MD 21046
C Taylor Pickett director C/O CORPORATE OFFICE PROPERTIES TRUST, 6711 COLUMBIA GATEWAY DRIVE, #300, COLUMBIA MD 21046
David M Jacobstein director C/O CORPORATE OFFICE PROPERTIES TRUST, 6711 COLUMBIA GATEWAY DRIVE, #300, COLUMBIA MD 21046
Raymond Lee Owens director C/O CORPORATE OFFICE PROPERTIES TRUST, 6711 COLUMBIA GATEWAY DRIVE, #300, COLUMBIA MD 30097
Todd W. Hartman officer: EVP & COO C/O CORPORATE OFFICE PROPERTIES TRUST, 6711 COLUMBIA GATEWAY DRIVE SUITE 300, COLUMBIA MD 21046
Letitia A Long director C/O CORPORATE OFFICE PROPERTIES TRUST, 6711 COLUMBIA GATEWAY DRIVE, #300, COLUMBIA MD 21046
Philip L Hawkins director C/O CORPORATE OFFICE PROPERTIES TRUST, 6711 COLUMBIA GATEWAY DRIVE, #300, COLUMBIA MD 21046
Paul R Adkins officer: Executive Vice President &COO C/O CORPORATE OFFICE PROPERTIES TRUST, 6711 COLUMBIA GATEWAY DRIVE, SUITE 300, COLUMBIA MD 21046
Karen M Singer officer: VP, General Counsel & Sec