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ARMOUR Residential REIT (LTS:0HHU) Cyclically Adjusted Price-to-FCF : 3.38 (As of May. 25, 2024)


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What is ARMOUR Residential REIT Cyclically Adjusted Price-to-FCF?

As of today (2024-05-25), ARMOUR Residential REIT's current share price is $18.82. ARMOUR Residential REIT's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was $5.56. ARMOUR Residential REIT's Cyclically Adjusted Price-to-FCF for today is 3.38.

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

LTS:0HHU' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 1.09   Med: 3.03   Max: 5.21
Current: 4.31

During the past years, ARMOUR Residential REIT's highest Cyclically Adjusted Price-to-FCF was 5.21. The lowest was 1.09. And the median was 3.03.

LTS:0HHU's Cyclically Adjusted Price-to-FCF is ranked better than
87.86% of 387 companies
in the REITs industry
Industry Median: 11.26 vs LTS:0HHU: 4.31

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.

ARMOUR Residential REIT's adjusted free cash flow per share data for the three months ended in Mar. 2024 was $1.976. 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 $5.56 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


ARMOUR Residential REIT Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for ARMOUR Residential REIT'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.

ARMOUR Residential REIT Cyclically Adjusted Price-to-FCF Chart

ARMOUR Residential REIT 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 2.81 2.30 3.07 2.82 3.68

ARMOUR Residential REIT 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 2.97 3.67 3.45 3.68 4.49

Competitive Comparison of ARMOUR Residential REIT's Cyclically Adjusted Price-to-FCF

For the REIT - Mortgage subindustry, ARMOUR Residential REIT'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.


ARMOUR Residential REIT's Cyclically Adjusted Price-to-FCF Distribution in the REITs Industry

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

* The bar in red indicates where ARMOUR Residential REIT's Cyclically Adjusted Price-to-FCF falls into.



ARMOUR Residential REIT 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.

ARMOUR Residential REIT's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=18.82/5.56
=3.38

* 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.

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

For example, ARMOUR Residential REIT'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)
=1.976/131.7762*131.7762
=1.976

Current CPI (Mar. 2024) = 131.7762.

ARMOUR Residential REIT Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 9.975 100.560 13.072
201409 4.401 100.428 5.775
201412 12.312 99.070 16.377
201503 8.284 99.621 10.958
201506 4.298 100.684 5.625
201509 7.983 100.392 10.479
201512 7.222 99.792 9.537
201603 -28.446 100.470 -37.310
201606 -4.973 101.688 -6.444
201609 10.009 101.861 12.949
201612 -4.321 101.863 -5.590
201703 -0.686 102.862 -0.879
201706 8.773 103.349 11.186
201709 4.511 104.136 5.708
201712 1.519 104.011 1.924
201803 -0.072 105.290 -0.090
201806 2.112 106.317 2.618
201809 3.546 106.507 4.387
201812 3.264 105.998 4.058
201903 -1.057 107.251 -1.299
201906 -2.700 108.070 -3.292
201909 -5.820 108.329 -7.080
201912 6.076 108.420 7.385
202003 -15.662 108.902 -18.952
202006 -12.704 108.767 -15.391
202009 4.059 109.815 4.871
202012 2.859 109.897 3.428
202103 1.581 111.754 1.864
202106 1.033 114.631 1.188
202109 -0.738 115.734 -0.840
202112 -0.685 117.630 -0.767
202203 -4.349 121.301 -4.725
202206 0.467 125.017 0.492
202209 3.668 125.227 3.860
202212 3.689 125.222 3.882
202303 1.469 127.348 1.520
202306 -0.223 128.729 -0.228
202309 0.584 129.860 0.593
202312 1.233 129.419 1.255
202403 1.976 131.776 1.976

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.


ARMOUR Residential REIT  (LTS:0HHU) 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.


ARMOUR Residential REIT Cyclically Adjusted Price-to-FCF Related Terms

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


ARMOUR Residential REIT (LTS:0HHU) Business Description

Industry
Traded in Other Exchanges
Address
3001 Ocean Drive, Suite 201, Vero Beach, FL, USA, 32963
ARMOUR Residential REIT Inc is a real estate investment trust that invests in residential mortgage-backed securities or RMBS. These are issued or guaranteed by U.S.-government-sponsored enterprises, such as Fannie Mae, Freddie Mac, or Ginnie Mae. The company's investment portfolio is composed of mortgage-backed securities, adjustable-rate mortgage securities, and multifamily mortgage-backed securities. In terms of total fair value, most Armour's investments are long-term, fixed-rate agency RMBS. Multifamily RMBS also represents a substantial amount. Fannie Mae guarantees most of the company's holdings. Armour derives substantially all its revenue as interest income from its investments.

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