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Property For Industry (NZSE:PFI) Cyclically Adjusted Price-to-FCF : 23.89 (As of Jun. 05, 2025)


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What is Property For Industry Cyclically Adjusted Price-to-FCF?

As of today (2025-06-05), Property For Industry's current share price is NZ$2.15. Property For Industry's Cyclically Adjusted FCF per Share for the fiscal year that ended in Dec22 was NZ$0.09. Property For Industry's Cyclically Adjusted Price-to-FCF for today is 23.89.

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

NZSE:PFI' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 18.38   Med: 25.16   Max: 43.36
Current: 23.31

During the past 13 years, Property For Industry's highest Cyclically Adjusted Price-to-FCF was 43.36. The lowest was 18.38. And the median was 25.16.

NZSE:PFI's Cyclically Adjusted Price-to-FCF is ranked worse than
75.66% of 419 companies
in the REITs industry
Industry Median: 12.38 vs NZSE:PFI: 23.31

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.

Property For Industry's adjusted free cash flow per share data of for the fiscal year that ended in Dec22 was NZ$0.101. 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 NZ$0.09 for the trailing ten years ended in Dec22.

Shiller PE for Stocks: The True Measure of Stock Valuation


Property For Industry Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Property For Industry'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.

Property For Industry Cyclically Adjusted Price-to-FCF Chart

Property For Industry Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 25.15 32.83 39.14 36.09 25.29

Property For Industry Semi-Annual Data
Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24
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 25.29 - 23.88 - -

Competitive Comparison of Property For Industry's Cyclically Adjusted Price-to-FCF

For the REIT - Industrial subindustry, Property For Industry'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.


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

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

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


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Property For Industry 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.

Property For Industry's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=2.15/0.09
=23.89

* 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.

Property For Industry's Cyclically Adjusted FCF per Share for the fiscal year that ended in Dec22 is calculated as:

For example, Property For Industry's adjusted Free Cash Flow per Share data for the fiscal year that ended in Dec22 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Dec22 (Change)*Current CPI (Dec22)
=0.101/122.9834*122.9834
=0.101

Current CPI (Dec22) = 122.9834.

Property For Industry Annual Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201312 0.079 99.062 0.098
201412 0.073 99.812 0.090
201512 0.074 99.896 0.091
201612 0.072 101.230 0.087
201712 0.004 102.844 0.005
201812 0.108 104.786 0.127
201912 0.097 106.729 0.112
202012 0.070 108.262 0.080
202112 0.111 114.703 0.119
202212 0.101 122.983 0.101

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.


Property For Industry  (NZSE:PFI) 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.


Property For Industry Cyclically Adjusted Price-to-FCF Related Terms

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


Property For Industry Business Description

Industry
Traded in Other Exchanges
N/A
Address
15 Galway Street, Level 4, Hayman Kronfeld Building, Auckland, NZL, 1010
Property For Industry Ltd is a New Zealand-based industrial property investment company. The company's portfolio is predominantly composed of industrial properties. The company's investment properties are solely located in New Zealand, with the majority in Auckland and the remaining in other New Zealand cities. Its tenants encompass large enterprises such as Fisher and Paykel Appliances, Fletcher Building Products, Brambles, and Cottonsoft among others. Rental and management fee income represents nearly all of its operating revenue.

Property For Industry Headlines