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Global Medical REIT (FRA:3UN) Cyclically Adjusted Price-to-FCF : (As of Jun. 16, 2024)


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What is Global Medical REIT Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Global Medical REIT Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Global Medical 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.

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Global Medical REIT Cyclically Adjusted Price-to-FCF Chart

Global Medical REIT Annual Data
Trend Aug14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
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Global Medical REIT Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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Competitive Comparison of Global Medical REIT's Cyclically Adjusted Price-to-FCF

For the REIT - Healthcare Facilities subindustry, Global Medical 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.


Global Medical REIT's Cyclically Adjusted Price-to-FCF Distribution in the REITs Industry

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

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



Global Medical REIT 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.

Global Medical REIT's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Global Medical REIT's adjusted Free Cash Flow per Share data for the three months ended in Mar. 2024 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=0.172/131.7762*131.7762
=0.172

Current CPI (Mar. 2024) = 131.7762.

Global Medical REIT Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201405 -0.200 100.373 -0.263
201408 -0.612 100.352 -0.804
201411 0.416 99.635 0.550
201503 -0.512 99.621 -0.677
201506 0.460 100.684 0.602
201509 -0.244 100.392 -0.320
201512 -0.472 99.792 -0.623
201603 -56.125 100.470 -73.613
201606 0.568 101.688 0.736
201609 -1.672 101.861 -2.163
201612 -4.409 101.863 -5.704
201703 -5.571 102.862 -7.137
201706 -1.929 103.349 -2.460
201709 -2.416 104.136 -3.057
201712 -1.347 104.011 -1.707
201803 -2.115 105.290 -2.647
201806 -2.136 106.317 -2.648
201809 -0.251 106.507 -0.311
201812 -1.609 105.998 -2.000
201903 -0.475 107.251 -0.584
201906 -2.159 108.070 -2.633
201909 -1.434 108.329 -1.744
201912 -1.550 108.420 -1.884
202003 -1.155 108.902 -1.398
202006 0.076 108.767 0.092
202009 -1.200 109.815 -1.440
202012 -1.109 109.897 -1.330
202103 -0.454 111.754 -0.535
202106 -0.750 114.631 -0.862
202109 -0.423 115.734 -0.482
202112 -0.234 117.630 -0.262
202203 -0.119 121.301 -0.129
202206 -0.764 125.017 -0.805
202209 -0.532 125.227 -0.560
202212 0.236 125.222 0.248
202303 0.213 127.348 0.220
202306 0.224 128.729 0.229
202309 0.189 129.860 0.192
202312 0.200 129.419 0.204
202403 0.172 131.776 0.172

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.


Global Medical REIT  (FRA:3UN) 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.


Global Medical REIT Cyclically Adjusted Price-to-FCF Related Terms

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Global Medical REIT (FRA:3UN) Business Description

Industry
Traded in Other Exchanges
Address
7373 Wisconsin Avenue, Suite 800, Bethesda, MD, USA, 20814
Global Medical REIT Inc is a Maryland corporation engaged primarily in the acquisition of purpose-built healthcare facilities and the leasing of those facilities to strong healthcare systems and physician groups. Its healthcare facilities are located in secondary markets and suburbs of primary markets and are typically leased to single-tenants under triple-net leases. Its tenants are physician groups, regional or national healthcare systems or combinations thereof. The company's principal business objective is to provide attractive, risk-adjusted returns to its stockholders through a combination of reliable dividends and long-term capital appreciation.

Global Medical REIT (FRA:3UN) Headlines

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