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alstria office REIT-AG (LTS:0O9Q) Cyclically Adjusted Price-to-FCF : 4.76 (As of Jun. 20, 2024)


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What is alstria office REIT-AG Cyclically Adjusted Price-to-FCF?

As of today (2024-06-20), alstria office REIT-AG's current share price is €3.475. alstria office REIT-AG's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was €0.73. alstria office REIT-AG's Cyclically Adjusted Price-to-FCF for today is 4.76.

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

LTS:0O9Q' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 4.64   Med: 21.12   Max: 32.22
Current: 4.79

During the past years, alstria office REIT-AG's highest Cyclically Adjusted Price-to-FCF was 32.22. The lowest was 4.64. And the median was 21.12.

LTS:0O9Q's Cyclically Adjusted Price-to-FCF is ranked better than
83.59% of 390 companies
in the REITs industry
Industry Median: 11.37 vs LTS:0O9Q: 4.79

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.

alstria office REIT-AG's adjusted free cash flow per share data for the three months ended in Mar. 2024 was €0.223. 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 €0.73 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


alstria office REIT-AG Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for alstria office REIT-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.

alstria office REIT-AG Cyclically Adjusted Price-to-FCF Chart

alstria office REIT-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 28.46 23.73 28.97 11.04 5.16

alstria office REIT-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 8.50 7.04 5.18 5.16 4.66

Competitive Comparison of alstria office REIT-AG's Cyclically Adjusted Price-to-FCF

For the REIT - Office subindustry, alstria office REIT-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.


alstria office REIT-AG's Cyclically Adjusted Price-to-FCF Distribution in the REITs Industry

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

* The bar in red indicates where alstria office REIT-AG's Cyclically Adjusted Price-to-FCF falls into.



alstria office REIT-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.

alstria office REIT-AG's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=3.475/0.73
=4.76

* 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.

alstria office REIT-AG's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, alstria office REIT-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)
=0.223/125.0381*125.0381
=0.223

Current CPI (Mar. 2024) = 125.0381.

alstria office REIT-AG Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.191 99.543 0.240
201409 0.162 99.823 0.203
201412 0.180 99.543 0.226
201503 0.093 99.717 0.117
201506 0.088 100.417 0.110
201509 0.108 100.417 0.134
201512 0.131 99.717 0.164
201603 0.152 100.017 0.190
201606 0.133 100.717 0.165
201609 0.257 101.017 0.318
201612 0.224 101.217 0.277
201703 0.115 101.417 0.142
201706 0.197 102.117 0.241
201709 0.221 102.717 0.269
201712 0.220 102.617 0.268
201803 0.134 102.917 0.163
201806 0.149 104.017 0.179
201809 0.142 104.718 0.170
201812 0.236 104.217 0.283
201903 0.123 104.217 0.148
201906 0.160 105.718 0.189
201909 0.190 106.018 0.224
201912 0.203 105.818 0.240
202003 0.144 105.718 0.170
202006 0.141 106.618 0.165
202009 0.190 105.818 0.225
202012 0.072 105.518 0.085
202103 0.160 107.518 0.186
202106 0.116 108.486 0.134
202109 0.169 109.435 0.193
202112 0.190 110.384 0.215
202203 0.067 113.968 0.074
202206 0.035 115.760 0.038
202209 0.240 118.818 0.253
202212 0.151 119.345 0.158
202303 0.140 122.402 0.143
202306 0.098 123.140 0.100
202309 0.189 124.195 0.190
202312 0.067 123.773 0.068
202403 0.223 125.038 0.223

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.


alstria office REIT-AG  (LTS:0O9Q) 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.


alstria office REIT-AG Cyclically Adjusted Price-to-FCF Related Terms

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


alstria office REIT-AG (LTS:0O9Q) Business Description

Industry
Traded in Other Exchanges
Address
Steinstrasse 7, Hamburg, DEU, 20095
alstria office REIT-AG is a real estate investment trust engaged in the acquisition, management, refurbishment, and sale of office properties throughout Germany. The vast majority of the company's real estate portfolio is dispersed between the German regions of Rhine-Ruhr, Hamburg, Rhine-Main, and Stuttgart. The company derives nearly all of its revenue in the form of rental income from the leasing of its properties. alstria's largest tenants in terms of annual rental revenue include a variety of local government, automotive, telecommunications, and insurance entities. it focuses on a small number of large tenants that account for the majority of its rental income.

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