GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » American Tower Corp (MIL:1AMT) » Definitions » Cyclically Adjusted Price-to-FCF

American Tower (MIL:1AMT) Cyclically Adjusted Price-to-FCF : 29.99 (As of Jun. 02, 2025)


View and export this data going back to 2023. Start your Free Trial

What is American Tower Cyclically Adjusted Price-to-FCF?

As of today (2025-06-02), American Tower's current share price is €190.76. American Tower's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2025 was €6.36. American Tower's Cyclically Adjusted Price-to-FCF for today is 29.99.

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

MIL:1AMT' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 25.55   Med: 49.71   Max: 67.58
Current: 30.8

During the past years, American Tower's highest Cyclically Adjusted Price-to-FCF was 67.58. The lowest was 25.55. And the median was 49.71.

MIL:1AMT's Cyclically Adjusted Price-to-FCF is ranked worse than
82.54% of 418 companies
in the REITs industry
Industry Median: 12.265 vs MIL:1AMT: 30.80

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.

American Tower's adjusted free cash flow per share data for the three months ended in Mar. 2025 was €1.903. 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 €6.36 for the trailing ten years ended in Mar. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


American Tower Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for American Tower'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.

American Tower Cyclically Adjusted Price-to-FCF Chart

American Tower 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 51.84 56.10 37.35 34.81 27.02

American Tower 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 30.79 29.63 34.57 27.02 31.22

Competitive Comparison of American Tower's Cyclically Adjusted Price-to-FCF

For the REIT - Specialty subindustry, American Tower'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.


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

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

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


;
;

American Tower 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=190.76/6.36
=29.99

* 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.

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

For example, American Tower'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)
=1.903/134.9266*134.9266
=1.903

Current CPI (Mar. 2025) = 134.9266.

American Tower Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201506 0.782 100.684 1.048
201509 0.626 100.392 0.841
201512 0.885 99.792 1.197
201603 0.859 100.470 1.154
201606 1.209 101.688 1.604
201609 1.060 101.861 1.404
201612 1.137 101.863 1.506
201703 1.109 102.862 1.455
201706 1.222 103.349 1.595
201709 0.931 104.136 1.206
201712 1.055 104.011 1.369
201803 1.097 105.290 1.406
201806 1.375 106.317 1.745
201809 1.096 106.507 1.388
201812 1.899 105.998 2.417
201903 1.123 107.251 1.413
201906 1.576 108.070 1.968
201909 1.379 108.329 1.718
201912 1.467 108.420 1.826
202003 1.189 108.902 1.473
202006 1.550 108.767 1.923
202009 1.363 109.815 1.675
202012 1.417 109.897 1.740
202103 1.445 111.754 1.745
202106 1.237 114.631 1.456
202109 3.315 115.734 3.865
202112 0.424 117.630 0.486
202203 0.551 121.301 0.613
202206 1.122 125.017 1.211
202209 1.024 125.227 1.103
202212 1.065 125.222 1.148
202303 1.218 127.348 1.290
202306 1.558 128.729 1.633
202309 1.825 129.860 1.896
202312 1.211 129.419 1.263
202403 1.745 131.776 1.787
202406 2.012 132.554 2.048
202409 2.010 133.029 2.039
202412 1.540 133.157 1.560
202503 1.903 134.927 1.903

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.


American Tower  (MIL:1AMT) 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.


American Tower Cyclically Adjusted Price-to-FCF Related Terms

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


American Tower Business Description

Industry
Address
116 Huntington Avenue, 11th Floor, Boston, MA, USA, 02116
American Tower owns and operates more than 220,000 cell towers throughout the US, Asia, Latin America, Europe, and Africa. It also owns and/or operates 28 data centers in 10 US markets after acquiring CoreSite. On its towers, the company has a very concentrated customer base, with most revenue in each market being generated by just the top few mobile carriers. The company operates more than 40,000 towers in the US, which accounted for almost half of the company's total revenue in 2023. Outside the US, American Tower operates over 75,000 towers in India, almost 50,000 towers in Latin America (dominated by Brazil), 30,000 towers in Europe, and nearly 25,000 towers in Africa. American Tower operates as a REIT.

American Tower Headlines

No Headlines