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Tanger (LTS:0LD4) Cyclically Adjusted Price-to-FCF : 10.96 (As of Jun. 02, 2025)


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What is Tanger Cyclically Adjusted Price-to-FCF?

As of today (2025-06-02), Tanger's current share price is $29.605. Tanger's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2025 was $2.70. Tanger's Cyclically Adjusted Price-to-FCF for today is 10.96.

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

LTS:0LD4' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 2.37   Med: 10.23   Max: 52.48
Current: 10.84

During the past years, Tanger's highest Cyclically Adjusted Price-to-FCF was 52.48. The lowest was 2.37. And the median was 10.23.

LTS:0LD4's Cyclically Adjusted Price-to-FCF is ranked better than
57.89% of 418 companies
in the REITs industry
Industry Median: 12.265 vs LTS:0LD4: 10.84

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.

Tanger's adjusted free cash flow per share data for the three months ended in Mar. 2025 was $0.364. 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 $2.70 for the trailing ten years ended in Mar. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


Tanger Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Tanger'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.

Tanger Cyclically Adjusted Price-to-FCF Chart

Tanger Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.25 7.62 6.73 10.24 12.40

Tanger Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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 10.83 9.86 12.17 12.40 12.29

Competitive Comparison of Tanger's Cyclically Adjusted Price-to-FCF

For the REIT - Retail subindustry, Tanger'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.


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

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

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


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Tanger 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=29.605/2.70
=10.96

* 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.

Tanger's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2025 is calculated as:

For example, Tanger's adjusted Free Cash Flow per Share data for the three months ended in Mar. 2025 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=0.364/134.9266*134.9266
=0.364

Current CPI (Mar. 2025) = 134.9266.

Tanger Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201506 0.489 100.684 0.655
201509 0.784 100.392 1.054
201512 0.482 99.792 0.652
201603 0.569 100.470 0.764
201606 0.535 101.688 0.710
201609 0.760 101.861 1.007
201612 0.647 101.863 0.857
201703 0.594 102.862 0.779
201706 0.570 103.349 0.744
201709 0.754 104.136 0.977
201712 0.764 104.011 0.991
201803 0.534 105.290 0.684
201806 0.701 106.317 0.890
201809 0.694 106.507 0.879
201812 0.841 105.998 1.071
201903 0.355 107.251 0.447
201906 0.639 108.070 0.798
201909 0.716 108.329 0.892
201912 0.667 108.420 0.830
202003 0.295 108.902 0.365
202006 -0.141 108.767 -0.175
202009 0.839 109.815 1.031
202012 0.785 109.897 0.964
202103 0.326 111.754 0.394
202106 0.591 114.631 0.696
202109 0.507 115.734 0.591
202112 0.673 117.630 0.772
202203 0.179 121.301 0.199
202206 0.670 125.017 0.723
202209 0.321 125.227 0.346
202212 0.844 125.222 0.909
202303 0.242 127.348 0.256
202306 0.693 128.729 0.726
202309 0.500 129.860 0.520
202312 0.716 129.419 0.746
202403 0.282 131.776 0.289
202406 0.660 132.554 0.672
202409 0.589 133.029 0.597
202412 0.811 133.157 0.822
202503 0.364 134.927 0.364

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.


Tanger  (LTS:0LD4) 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.


Tanger Cyclically Adjusted Price-to-FCF Related Terms

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


Tanger Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Tanger Inc (LTS:0LD4) » Definitions » Cyclically Adjusted Price-to-FCF
Traded in Other Exchanges
Address
3200 Northline Avenue, Suite 360, Greensboro, NC, USA, 27408
Tanger Inc is an owners and operators of outlet and open-air centers in the United States and Canada. It is a fully-integrated, self-administered and self-managed REIT, which focuses on developing, acquiring, owning, operating and managing outlet and open-air shopping centers. Its consolidated portfolio consisted of 31 outlet centers and 2 open-air lifestyle centers, with a total gross leasable area of approximately 13.0 million square feet.

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