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Glimcher Realty Trust (FRA:GRY) Cyclically Adjusted Price-to-FCF : (As of Jun. 23, 2024)


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What is Glimcher Realty Trust Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Glimcher Realty Trust Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Glimcher 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.

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Glimcher Realty Trust Cyclically Adjusted Price-to-FCF Chart

Glimcher Realty Trust Annual Data
Trend Dec04 Dec05 Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13
Cyclically Adjusted Price-to-FCF
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Glimcher Realty Trust Quarterly Data
Sep09 Dec09 Mar10 Jun10 Dec10 Mar11 Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14
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Competitive Comparison of Glimcher Realty Trust's Cyclically Adjusted Price-to-FCF

For the REIT - Retail subindustry, Glimcher 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.


Glimcher Realty Trust's Cyclically Adjusted Price-to-FCF Distribution in the REITs Industry

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

* The bar in red indicates where Glimcher Realty Trust's Cyclically Adjusted Price-to-FCF falls into.



Glimcher Realty Trust 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.

Glimcher Realty Trust's Cyclically Adjusted FCF per Share for the quarter that ended in Sep. 2014 is calculated as:

For example, Glimcher Realty Trust's adjusted Free Cash Flow per Share data for the three months ended in Sep. 2014 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Sep. 2014 (Change)*Current CPI (Sep. 2014)
=0.183/100.4278*100.4278
=0.183

Current CPI (Sep. 2014) = 100.4278.

Glimcher Realty Trust Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
200409 0.494 80.121 0.619
200412 0.000 80.290 0.000
200503 0.216 81.555 0.266
200506 0.565 82.062 0.691
200509 0.758 83.876 0.908
200512 0.391 83.032 0.473
200603 -1.104 84.298 -1.315
200606 1.268 85.606 1.488
200609 0.651 85.606 0.764
200612 0.521 85.142 0.615
200703 0.353 86.640 0.409
200706 0.582 87.906 0.665
200709 0.347 87.964 0.396
200712 0.578 88.616 0.655
200803 -0.038 90.090 -0.042
200806 0.018 92.320 0.020
200809 -0.008 92.307 -0.009
200812 0.000 88.697 0.000
200903 0.158 89.744 0.177
200906 0.323 91.003 0.356
200909 0.171 91.120 0.188
200912 0.137 91.111 0.151
201003 0.013 91.821 0.014
201006 -0.055 91.962 -0.060
201012 -0.215 92.474 -0.233
201103 -0.008 94.283 -0.009
201106 0.060 95.235 0.063
201109 0.045 95.727 0.047
201112 -0.606 95.213 -0.639
201203 -0.033 96.783 -0.034
201206 -1.058 96.819 -1.097
201209 0.160 97.633 0.165
201212 0.216 96.871 0.224
201303 -0.448 98.209 -0.458
201306 0.007 98.518 0.007
201309 0.173 98.790 0.176
201312 -0.091 98.326 -0.093
201403 -0.124 99.695 -0.125
201406 0.186 100.560 0.186
201409 0.183 100.428 0.183

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.


Glimcher Realty Trust  (FRA:GRY) 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.


Glimcher Realty Trust Cyclically Adjusted Price-to-FCF Related Terms

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


Glimcher Realty Trust (FRA:GRY) Business Description

Industry
Traded in Other Exchanges
N/A
Address
Glimcher Realty Trust is a self-administered and self-managed Maryland real estate investment trust which was formed on September 1, 1993. The Company and its affiliates are engaged in owning, leasing, acquiring, developing and operating a portfolio of retail properties consisting of regional and super regional malls and community shopping centers. At December 31, 2013, the Company owned material interests in and managed 28 properties - 25 wholly-owned and 3 partially owned through joint ventures which are located in 15 states. The Properties contain an aggregate of approximately 19.3 million square feet of gross leasable area of which approximately 95.6% was occupied at December 31, 2013. The Malls provide a range of shopping alternatives to serve the needs of customers in all market segments. The Company's Malls are in various formats such as enclosed regional malls, open-air retail centers, and outlet centers. Malls are generally anchored by multiple department stores such as Belk's, The Bon-Ton, Boscov's, Dick's Sporting Goods, Dillard's, Elder-Beerman, Herberger's, JCPenney, Kohl's, Macy's, Saks, Sears, and Von Maur. Mall stores, most of which are national retailers, include Abercrombie & Fitch, American Eagle Outfitters, Apple, Bath & Body Works, Express, Finish Line, Foot Locker, Forever 21, H&M, Hallmark, Kay Jewelers, The Limited, lululemon athletica, Pacific Sunwear, and Victoria's Secret. The Malls also have additional restaurants and retail businesses, such as Benihana, Cheesecake Factory, P.F. Chang's, and Red Lobster, located along the perimeter of the parking areas. The Company's Community Centers are designed to attract local and regional area customers and are typically anchored by a combination of discount department stores or supermarkets which attract shoppers to each center's smaller shops. The tenants at the Company's Community Centers typically offer day-to-day necessities and value-oriented merchandise. Many of the Community Centers have retail businesses or restaurants located along the perimeter of the parking areas. There are numerous shopping facilities that compete with the Company's Properties in attracting retailers to lease space.

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