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Forestar Group (FRA:4F31) Cyclically Adjusted Price-to-FCF : (As of May. 14, 2024)


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What is Forestar Group Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Forestar Group Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Forestar Group'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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Forestar Group Cyclically Adjusted Price-to-FCF Chart

Forestar Group Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Sep19 Sep20 Sep21 Sep22 Sep23
Cyclically Adjusted Price-to-FCF
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Forestar Group 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 Forestar Group's Cyclically Adjusted Price-to-FCF

For the Real Estate - Development subindustry, Forestar Group'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.


Forestar Group's Cyclically Adjusted Price-to-FCF Distribution in the Real Estate Industry

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

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



Forestar Group 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.

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

For example, Forestar Group'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)
=-1.087/129.4194*129.4194
=-1.087

Current CPI (Mar. 2024) = 129.4194.

Forestar Group Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -0.286 100.560 -0.368
201409 -0.131 100.428 -0.169
201412 0.588 99.070 0.768
201503 -1.225 99.621 -1.591
201506 -0.410 100.684 -0.527
201509 -0.213 100.392 -0.275
201512 1.168 99.792 1.515
201603 0.023 100.470 0.030
201606 0.110 101.688 0.140
201609 0.358 101.861 0.455
201612 0.831 101.863 1.056
201703 -0.106 102.862 -0.133
201706 -0.190 103.349 -0.238
201709 0.243 104.136 0.302
201712 -0.450 104.011 -0.560
201803 -2.204 105.290 -2.709
201806 -1.392 106.317 -1.694
201809 -2.058 106.507 -2.501
201812 -3.436 105.998 -4.195
201903 -2.531 107.251 -3.054
201906 -3.513 108.070 -4.207
201909 1.273 108.329 1.521
201912 -0.217 108.420 -0.259
202003 -2.111 108.902 -2.509
202006 -1.512 108.767 -1.799
202009 0.658 109.815 0.775
202012 -2.708 109.897 -3.189
202103 -1.574 111.754 -1.823
202106 -1.533 114.631 -1.731
202109 0.621 115.734 0.694
202112 0.077 117.630 0.085
202203 1.270 121.301 1.355
202206 -1.659 125.017 -1.717
202209 2.396 125.227 2.476
202212 -0.944 125.222 -0.976
202303 1.324 127.348 1.346
202306 2.103 128.729 2.114
202309 4.220 129.860 4.206
202312 -2.849 129.419 -2.849
202403 -1.087 129.419 -1.087

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.


Forestar Group  (FRA:4F31) 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.


Forestar Group Cyclically Adjusted Price-to-FCF Related Terms

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Forestar Group (FRA:4F31) Business Description

Industry
Traded in Other Exchanges
Address
2221 E. Lamar Boulevard, Suite 790, Arlington, TX, USA, 76006
Forestar Group Inc is a residential lot development company with operations across the United States. The core business segment for the company is real estate which generates all of it's revenues. The firm fundamentally acquires entitled real estate and develops it into finished residential lots for sale to homebuilders with a strategic focus on asset turns and efficiency. Single-family residential communities account for the majority of their real estate projects. The company utilizes a lower-risk business model mainly by investing in short duration, phased development projects.

Forestar Group (FRA:4F31) Headlines

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