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PSP Swiss Property AG (FRA:P7S) Cyclically Adjusted Price-to-FCF : (As of Jun. 19, 2024)


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What is PSP Swiss Property AG Cyclically Adjusted Price-to-FCF?

Note: If the price history is too short, we do not calculate current Cyclically Adjusted Price-to-FCF for this stock. All the historical data is shown as the company's primary share's data instead.

Shiller PE for Stocks: The True Measure of Stock Valuation


PSP Swiss Property AG Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for PSP Swiss Property AG'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.

PSP Swiss Property AG Cyclically Adjusted Price-to-FCF Chart

PSP Swiss Property AG 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 70.77 58.51 51.94 43.14 45.54

PSP Swiss Property AG 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 40.07 37.64 42.27 45.54 45.55

Competitive Comparison of PSP Swiss Property AG's Cyclically Adjusted Price-to-FCF

For the Real Estate Services subindustry, PSP Swiss Property AG'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.


PSP Swiss Property AG's Cyclically Adjusted Price-to-FCF Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, PSP Swiss Property AG's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where PSP Swiss Property AG's Cyclically Adjusted Price-to-FCF falls into.



PSP Swiss Property AG 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.

PSP Swiss Property AG's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, PSP Swiss Property AG'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)
=0.843/107.3549*107.3549
=0.843

Current CPI (Mar. 2024) = 107.3549.

PSP Swiss Property AG Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.887 101.517 0.938
201409 0.396 101.247 0.420
201412 0.054 100.704 0.058
201503 0.000 100.339 0.000
201506 0.339 100.464 0.362
201509 0.614 99.785 0.661
201512 0.313 99.386 0.338
201603 0.297 99.475 0.321
201606 0.551 100.088 0.591
201609 0.696 99.604 0.750
201612 0.390 99.380 0.421
201703 -0.125 100.040 -0.134
201706 0.404 100.285 0.432
201709 1.082 100.254 1.159
201712 0.285 100.213 0.305
201803 0.053 100.836 0.056
201806 0.474 101.435 0.502
201809 1.008 101.246 1.069
201812 0.420 100.906 0.447
201903 0.151 101.571 0.160
201906 0.537 102.044 0.565
201909 0.791 101.396 0.837
201912 1.041 101.063 1.106
202003 -0.635 101.048 -0.675
202006 0.259 100.743 0.276
202009 0.958 100.585 1.022
202012 0.943 100.241 1.010
202103 0.773 100.800 0.823
202106 0.624 101.352 0.661
202109 0.722 101.533 0.763
202112 0.688 101.776 0.726
202203 1.745 103.205 1.815
202206 0.678 104.783 0.695
202209 0.695 104.835 0.712
202212 0.484 104.666 0.496
202303 0.186 106.245 0.188
202306 0.980 106.576 0.987
202309 1.068 106.570 1.076
202312 0.854 106.461 0.861
202403 0.843 107.355 0.843

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.


PSP Swiss Property AG  (FRA:P7S) 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.


PSP Swiss Property AG Cyclically Adjusted Price-to-FCF Related Terms

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PSP Swiss Property AG (FRA:P7S) Business Description

Industry
Address
Kolinplatz 2, Zug, CHE, CH-6300
PSP Swiss Property AG is a general real estate company. The company reports three business units: real estate investments, property management, and holding. The vast majority of revenue is generated by rental income. All PSP property is located in Switzerland. The company considers merger and acquisition investment as a potential component of its operational growth strategy. The company's real estate investment segment invests exclusively in commercial properties, with leases primarily in office and retail property.

PSP Swiss Property AG (FRA:P7S) Headlines

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