The historical rank and industry rank for ARMOUR Residential REIT's Cyclically Adjusted Price-to-FCF or its related term are showing as below:
FRA:2AR'
s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 1.09 Med: 3.03 Max: 5.21
Current: 4.44
During the past years, ARMOUR Residential REIT's highest Cyclically Adjusted Price-to-FCF was 5.21. The lowest was 1.09. And the median was 3.03.
FRA:2AR's Cyclically Adjusted Price-to-FCF is ranked better than 86.89% of 389
companies
in the REITs industry
Industry Median: 11.47
vs FRA:2AR: 4.44
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.
ARMOUR Residential REIT's adjusted free cash flow per share data for the three months ended in Mar. 2024 was €1.818. 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 €4.02 for the trailing ten years ended in Mar. 2024.
Shiller PE for Stocks: The True Measure of Stock Valuation
ARMOUR Residential REIT Cyclically Adjusted Price-to-FCF Historical Data
The historical data trend for ARMOUR Residential 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.
Competitive Comparison of ARMOUR Residential REIT's Cyclically Adjusted Price-to-FCF
For the REIT - Mortgage subindustry, ARMOUR Residential 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.
ARMOUR Residential REIT's Cyclically Adjusted Price-to-FCF Distribution in the REITs Industry
For the REITs industry and Real Estate sector, ARMOUR Residential REIT's Cyclically Adjusted Price-to-FCF distribution charts can be found below:
* The bar in red indicates where ARMOUR Residential REIT'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.
* 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.
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.
ARMOUR Residential REIT Cyclically Adjusted Price-to-FCF Related Terms
Thank you for viewing the detailed overview of ARMOUR Residential REIT's Cyclically Adjusted Price-to-FCF provided by GuruFocus.com. Please click on the following links to see related term pages.
ARMOUR Residential REIT (FRA:2AR) Business Description
ARMOUR Residential REIT Inc is a real estate investment trust that invests in residential mortgage-backed securities or RMBS. These are issued or guaranteed by U.S.-government-sponsored enterprises, such as Fannie Mae, Freddie Mac, or Ginnie Mae. The company's investment portfolio is composed of mortgage-backed securities, adjustable-rate mortgage securities, and multifamily mortgage-backed securities. In terms of total fair value, most Armour's investments are long-term, fixed-rate agency RMBS. Multifamily RMBS also represents a substantial amount. Fannie Mae guarantees most of the company's holdings. Armour derives substantially all its revenue as interest income from its investments.
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