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Panora Gayrimenkul Yatirim Ortakligi AS (IST:PAGYO) Cyclically Adjusted Price-to-FCF : 32.28 (As of Jun. 19, 2024)


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What is Panora Gayrimenkul Yatirim Ortakligi AS Cyclically Adjusted Price-to-FCF?

As of today (2024-06-19), Panora Gayrimenkul Yatirim Ortakligi AS's current share price is ₺48.10. Panora Gayrimenkul Yatirim Ortakligi AS's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was ₺1.49. Panora Gayrimenkul Yatirim Ortakligi AS's Cyclically Adjusted Price-to-FCF for today is 32.28.

The historical rank and industry rank for Panora Gayrimenkul Yatirim Ortakligi AS's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

IST:PAGYO' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 16.81   Med: 31.21   Max: 54.34
Current: 32.38

During the past years, Panora Gayrimenkul Yatirim Ortakligi AS's highest Cyclically Adjusted Price-to-FCF was 54.34. The lowest was 16.81. And the median was 31.21.

IST:PAGYO's Cyclically Adjusted Price-to-FCF is ranked worse than
84.87% of 390 companies
in the REITs industry
Industry Median: 11.385 vs IST:PAGYO: 32.38

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.

Panora Gayrimenkul Yatirim Ortakligi AS's adjusted free cash flow per share data for the three months ended in Dec. 2023 was ₺5.700. 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 ₺1.49 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Panora Gayrimenkul Yatirim Ortakligi AS Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Panora Gayrimenkul Yatirim Ortakligi AS'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.

Panora Gayrimenkul Yatirim Ortakligi AS Cyclically Adjusted Price-to-FCF Chart

Panora Gayrimenkul Yatirim Ortakligi AS 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 - - 17.50 41.41 23.90

Panora Gayrimenkul Yatirim Ortakligi AS Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 41.41 30.91 30.57 43.71 23.90

Competitive Comparison of Panora Gayrimenkul Yatirim Ortakligi AS's Cyclically Adjusted Price-to-FCF

For the REIT - Retail subindustry, Panora Gayrimenkul Yatirim Ortakligi AS'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.


Panora Gayrimenkul Yatirim Ortakligi AS's Cyclically Adjusted Price-to-FCF Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Panora Gayrimenkul Yatirim Ortakligi AS's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Panora Gayrimenkul Yatirim Ortakligi AS's Cyclically Adjusted Price-to-FCF falls into.



Panora Gayrimenkul Yatirim Ortakligi AS 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.

Panora Gayrimenkul Yatirim Ortakligi AS's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=48.10/1.49
=32.28

* 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.

Panora Gayrimenkul Yatirim Ortakligi AS's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, Panora Gayrimenkul Yatirim Ortakligi AS's adjusted Free Cash Flow per Share data for the three months ended in Dec. 2023 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=5.7/129.4194*129.4194
=5.700

Current CPI (Dec. 2023) = 129.4194.

Panora Gayrimenkul Yatirim Ortakligi AS Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 0.161 99.695 0.209
201406 0.111 100.560 0.143
201409 0.090 100.428 0.116
201412 0.136 99.070 0.178
201503 0.157 99.621 0.204
201506 0.111 100.684 0.143
201509 0.096 100.392 0.124
201512 0.141 99.792 0.183
201603 0.170 100.470 0.219
201606 0.115 101.688 0.146
201609 0.089 101.861 0.113
201612 0.075 101.863 0.095
201703 0.162 102.862 0.204
201706 0.084 103.349 0.105
201709 0.052 104.136 0.065
201712 0.087 104.011 0.108
201803 0.172 105.290 0.211
201806 0.152 106.317 0.185
201809 0.141 106.507 0.171
201812 0.186 105.998 0.227
201903 0.177 107.251 0.214
201906 0.171 108.070 0.205
201909 0.130 108.329 0.155
201912 0.174 108.420 0.208
202003 0.381 108.902 0.453
202006 -0.349 108.767 -0.415
202009 0.070 109.815 0.082
202012 0.086 109.897 0.101
202103 0.092 111.754 0.107
202106 0.097 114.631 0.110
202109 0.168 115.734 0.188
202112 0.187 117.630 0.206
202203 0.640 121.301 0.683
202206 -0.159 125.017 -0.165
202209 0.244 125.227 0.252
202212 1.448 125.222 1.497
202303 0.534 127.348 0.543
202306 1.005 128.729 1.010
202309 0.574 129.860 0.572
202312 5.700 129.419 5.700

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.


Panora Gayrimenkul Yatirim Ortakligi AS  (IST:PAGYO) 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.


Panora Gayrimenkul Yatirim Ortakligi AS Cyclically Adjusted Price-to-FCF Related Terms

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


Panora Gayrimenkul Yatirim Ortakligi AS (IST:PAGYO) Business Description

Traded in Other Exchanges
N/A
Address
Turan Güne? Boulevard No: 182/1 OE-An, Cankaya, Ankara, TUR
Panora Gayrimenkul Yatirim Ortakligi AS operates & owns shopping centers.

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