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As of today (2024-04-30), Empire State Realty Trust's current share price is $9.10. Empire State Realty Trust's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was $0.89. Empire State Realty Trust's Cyclically Adjusted Price-to-FCF for today is 10.22.
The historical rank and industry rank for Empire State Realty Trust's Cyclically Adjusted Price-to-FCF or its related term are showing as below:
During the past years, Empire State Realty Trust's highest Cyclically Adjusted Price-to-FCF was 21.36. The lowest was 7.04. And the median was 10.99.
ESRT's Cyclically Adjusted Price-to-FCF is ranked better 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.
Empire State Realty Trust's adjusted free cash flow per share data for the three months ended in Dec. 2023 was $0.137. 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 $0.89 for the trailing ten years ended in Dec. 2023.
The historical data trend for Empire State Realty Trust'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.
Empire State Realty Trust Quarterly Data | ||||||||||||||||||||
Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | |
Cyclically Adjusted Price-to-FCF | Get a 7-Day Free Trial | 8.19 | 9.29 | 9.98 | 10.91 | - |
For the REIT - Diversified subindustry, Empire State Realty Trust'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, Empire State Realty Trust's Cyclically Adjusted Price-to-FCF distribution charts can be found below:
* The bar in red indicates where Empire State Realty Trust'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.
Empire State Realty Trust's Cyclically Adjusted Price-to-FCF for today is calculated as
Cyclically Adjusted Price-to-FCF | = | Share Price | / | Cyclically Adjusted FCF per Share |
= | 9.10 | / | 0.89 | |
= | 10.22 |
* 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.
Empire State Realty Trust's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 is calculated as:
For example, Empire State Realty Trust's adjusted Free Cash Flow per Share data for the three months ended in Dec. 2023 was:
Adj_FreeCashFlowPerShare | = | Free Cash Flow per Share | / | CPI of Dec. 2023 (Change) | * | Current CPI (Dec. 2023) |
= | 0.137 | / | 129.4194 | * | 129.4194 | |
= | 0.137 |
Current CPI (Dec. 2023) = 129.4194.
Empire State Realty Trust Quarterly Data
Free Cash Flow per Share | CPI | Adj_FreeCashFlowPerShare | |
201403 | 0.098 | 99.695 | 0.127 |
201406 | 0.091 | 100.560 | 0.117 |
201409 | 0.211 | 100.428 | 0.272 |
201412 | 0.139 | 99.070 | 0.182 |
201503 | 0.178 | 99.621 | 0.231 |
201506 | 0.112 | 100.684 | 0.144 |
201509 | 0.310 | 100.392 | 0.400 |
201512 | 0.162 | 99.792 | 0.210 |
201603 | 0.223 | 100.470 | 0.287 |
201606 | 0.122 | 101.688 | 0.155 |
201609 | 0.250 | 101.861 | 0.318 |
201612 | 0.177 | 101.863 | 0.225 |
201703 | 0.204 | 102.862 | 0.257 |
201706 | 0.105 | 103.349 | 0.131 |
201709 | 0.277 | 104.136 | 0.344 |
201712 | 0.065 | 104.011 | 0.081 |
201803 | 0.231 | 105.290 | 0.284 |
201806 | 0.138 | 106.317 | 0.168 |
201809 | 0.261 | 106.507 | 0.317 |
201812 | 0.308 | 105.998 | 0.376 |
201903 | 0.261 | 107.251 | 0.315 |
201906 | 0.038 | 108.070 | 0.046 |
201909 | 0.366 | 108.329 | 0.437 |
201912 | 0.115 | 108.420 | 0.137 |
202003 | 0.221 | 108.902 | 0.263 |
202006 | 0.034 | 108.767 | 0.040 |
202009 | 0.317 | 109.815 | 0.374 |
202012 | 0.067 | 109.897 | 0.079 |
202103 | 0.264 | 111.754 | 0.306 |
202106 | 0.037 | 114.631 | 0.042 |
202109 | 0.300 | 115.734 | 0.335 |
202112 | 0.165 | 117.630 | 0.182 |
202203 | 0.247 | 121.301 | 0.264 |
202206 | 0.059 | 125.017 | 0.061 |
202209 | 0.338 | 125.227 | 0.349 |
202212 | 0.139 | 125.222 | 0.144 |
202303 | 0.326 | 127.348 | 0.331 |
202306 | 0.074 | 128.729 | 0.074 |
202309 | 0.339 | 129.860 | 0.338 |
202312 | 0.137 | 129.419 | 0.137 |
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 Empire State Realty Trust's Cyclically Adjusted Price-to-FCF provided by GuruFocus.com. Please click on the following links to see related term pages.
Hannah Y Yang | director | C/O EMPIRE STATE REALTY TRUST, INC., 111 WEST 33RD STREET, 12TH FLOOR, NEW YORK NY 10120 |
Tassell Christina Van | director | C/O 111 RIVER STREET, HOBOKEN NJ 07030 |
Stephen Horn | officer: Chief Accounting Officer | 255 WEST 94TH STREET, NEW YORK NY 10025 |
Grant Hill | director | 121 ORANGE AVE, SUITE 1500, ORLANDO FL 32801 |
Robert Paige Hood | director | C/O EMPIRE STATE REALTY TRUST, INC., 111 WEST 33RD STREET, 12TH FLOOR, NEW YORK NY 10120 |
Christina Chiu | officer: EVP and CFO | C/O EMPIRE STATE REALTY TRUST, INC., 111 WEST 33RD STREET, 12TH FLOOR, NEW YORK NY 10120 |
Patricia Han | director | 600 OFFICE CENTER DRIVE, FORT WASHINGTON PA 19034 |
David A Karp | director, officer: EVP and CFO | C/O EMPIRE STATE REALTY TRUST, INC., 111 WEST 33RD STREET, NEW YORK NY 10120 |
Quark Holding Llc | 10 percent owner | P.O. BOX 23224 OOREDOO TOWER, DIPLOMATIC AREA STREET, WEST BAY, DOHA S3 S3 |
Thomas J Derosa | director | C/O WELLTOWER INC., 4500 DORR STREET, TOLEDO OH 43615 |
Salvatore Michael Giliberto | director | C/O EMPIRE STATE REALTY TRUST, INC., 111 WEST 33RD STREET, 12TH FLOOR, NEW YORK NY 10120 |
Steven J Gilbert | director | 540 MADISON AVE, 40TH FL, NEW YORK NY 10022 |
Robinson James D Iv | director | 130 EAST 59TH STREET, NEW YORK NY 10022 |
William H Berkman | director | 650 MADISON AVE, 25TH FL, NEW YORK NY 10022 |
Leslie D. Biddle | director | 111 WEST 33RD STREET 12TH FLOOR, NEW YORK NY 10120 |
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