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AGNC Investment (FRA:4OQ1) Cyclically Adjusted Price-to-FCF : 2.90 (As of May. 15, 2024)


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What is AGNC Investment Cyclically Adjusted Price-to-FCF?

As of today (2024-05-15), AGNC Investment's current share price is €8.952. AGNC Investment's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was €3.09. AGNC Investment's Cyclically Adjusted Price-to-FCF for today is 2.90.

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

FRA:4OQ1' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 1.72   Med: 2.94   Max: 3.76
Current: 2.89

During the past years, AGNC Investment's highest Cyclically Adjusted Price-to-FCF was 3.76. The lowest was 1.72. And the median was 2.94.

FRA:4OQ1's Cyclically Adjusted Price-to-FCF is ranked better than
92.53% of 388 companies
in the REITs industry
Industry Median: 11.63 vs FRA:4OQ1: 2.89

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.

AGNC Investment's adjusted free cash flow per share data for the three months ended in Mar. 2024 was €0.026. 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 €3.09 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


AGNC Investment Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for AGNC Investment'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.

AGNC Investment Cyclically Adjusted Price-to-FCF Chart

AGNC Investment Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.34 3.14 3.15 2.42 2.77

AGNC Investment 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 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 2.42 2.50 2.41 2.77 2.95

Competitive Comparison of AGNC Investment's Cyclically Adjusted Price-to-FCF

For the REIT - Mortgage subindustry, AGNC Investment'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.


AGNC Investment's Cyclically Adjusted Price-to-FCF Distribution in the REITs Industry

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

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



AGNC Investment 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.

AGNC Investment's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=8.952/3.09
=2.90

* 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.

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

For example, AGNC Investment'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)
=0.026/129.4194*129.4194
=0.026

Current CPI (Mar. 2024) = 129.4194.

AGNC Investment Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.926 100.560 1.192
201409 0.796 100.428 1.026
201412 0.754 99.070 0.985
201503 1.100 99.621 1.429
201506 1.141 100.684 1.467
201509 0.510 100.392 0.657
201512 0.962 99.792 1.248
201603 0.972 100.470 1.252
201606 0.877 101.688 1.116
201609 0.918 101.861 1.166
201612 0.924 101.863 1.174
201703 1.101 102.862 1.385
201706 0.742 103.349 0.929
201709 0.589 104.136 0.732
201712 0.701 104.011 0.872
201803 0.597 105.290 0.734
201806 0.258 106.317 0.314
201809 0.796 106.507 0.967
201812 0.475 105.998 0.580
201903 0.542 107.251 0.654
201906 0.387 108.070 0.463
201909 0.404 108.329 0.483
201912 0.616 108.420 0.735
202003 0.573 108.902 0.681
202006 0.679 108.767 0.808
202009 0.859 109.815 1.012
202012 0.618 109.897 0.728
202103 0.670 111.754 0.776
202106 0.542 114.631 0.612
202109 0.632 115.734 0.707
202112 0.631 117.630 0.694
202203 0.643 121.301 0.686
202206 0.579 125.017 0.599
202209 0.432 125.227 0.446
202212 0.156 125.222 0.161
202303 0.042 127.348 0.043
202306 -0.094 128.729 -0.095
202309 -0.078 129.860 -0.078
202312 -0.042 129.419 -0.042
202403 0.026 129.419 0.026

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.


AGNC Investment  (FRA:4OQ1) 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.


AGNC Investment Cyclically Adjusted Price-to-FCF Related Terms

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


AGNC Investment (FRA:4OQ1) Business Description

Industry
Address
2 Bethesda Metro Center, 12th Floor, Bethesda, MD, USA, 20814
AGNC Investment Corp is a real estate investment trust that invests in agency residential mortgage-backed securities. The firm's asset portfolio is comprised of residential mortgage pass-through securities and collateralized mortgage obligations for which the principal and interest payments are guaranteed by a U.S. Government-sponsored enterprise, such as the Federal National Mortgage Association and the Federal Home Loan Mortgage Corporation, or by a U.S. Government agency, such as the Government National Mortgage Association. It also invests in other types of mortgage and mortgage-related residential and commercial mortgage-backed securities or other investments in or related to, the housing, mortgage or real estate markets.

AGNC Investment (FRA:4OQ1) Headlines

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