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Easterly Government Properties (STU:E05) Cyclically Adjusted Price-to-FCF : 7.55 (As of Jun. 16, 2024)


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What is Easterly Government Properties Cyclically Adjusted Price-to-FCF?

As of today (2024-06-16), Easterly Government Properties's current share price is €11.10. Easterly Government Properties's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was €1.47. Easterly Government Properties's Cyclically Adjusted Price-to-FCF for today is 7.55.

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

STU:E05' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 7.08   Med: 9.23   Max: 11.15
Current: 7.63

During the past years, Easterly Government Properties's highest Cyclically Adjusted Price-to-FCF was 11.15. The lowest was 7.08. And the median was 9.23.

STU:E05's Cyclically Adjusted Price-to-FCF is ranked better than
70.69% of 389 companies
in the REITs industry
Industry Median: 11.51 vs STU:E05: 7.63

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.

Easterly Government Properties's adjusted free cash flow per share data for the three months ended in Mar. 2024 was €0.215. 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 €1.47 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Easterly Government Properties Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Easterly Government Properties'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.

Easterly Government Properties Cyclically Adjusted Price-to-FCF Chart

Easterly Government Properties 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 - - - - 9.74

Easterly Government Properties 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 10.35 10.75 8.36 9.74 7.21

Competitive Comparison of Easterly Government Properties's Cyclically Adjusted Price-to-FCF

For the REIT - Office subindustry, Easterly Government Properties'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.


Easterly Government Properties's Cyclically Adjusted Price-to-FCF Distribution in the REITs Industry

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

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



Easterly Government Properties 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.

Easterly Government Properties's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=11.10/1.47
=7.55

* 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.

Easterly Government Properties's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Easterly Government Properties'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)
=0.215/131.7762*131.7762
=0.215

Current CPI (Mar. 2024) = 131.7762.

Easterly Government Properties Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.033 100.560 0.043
201409 0.085 100.428 0.112
201412 0.083 99.070 0.110
201503 -0.096 99.621 -0.127
201506 0.294 100.684 0.385
201509 0.415 100.392 0.545
201512 0.425 99.792 0.561
201603 0.344 100.470 0.451
201606 0.340 101.688 0.441
201609 0.367 101.861 0.475
201612 0.283 101.863 0.366
201703 0.256 102.862 0.328
201706 0.309 103.349 0.394
201709 0.366 104.136 0.463
201712 0.117 104.011 0.148
201803 0.213 105.290 0.267
201806 0.288 106.317 0.357
201809 0.283 106.507 0.350
201812 0.194 105.998 0.241
201903 0.202 107.251 0.248
201906 0.316 108.070 0.385
201909 1.023 108.329 1.244
201912 0.276 108.420 0.335
202003 0.461 108.902 0.558
202006 0.428 108.767 0.519
202009 0.347 109.815 0.416
202012 0.367 109.897 0.440
202103 0.265 111.754 0.312
202106 0.303 114.631 0.348
202109 0.380 115.734 0.433
202112 0.243 117.630 0.272
202203 0.242 121.301 0.263
202206 0.418 125.017 0.441
202209 0.437 125.227 0.460
202212 0.230 125.222 0.242
202303 0.221 127.348 0.229
202306 0.369 128.729 0.378
202309 0.378 129.860 0.384
202312 0.162 129.419 0.165
202403 0.215 131.776 0.215

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.


Easterly Government Properties  (STU:E05) 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.


Easterly Government Properties Cyclically Adjusted Price-to-FCF Related Terms

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


Easterly Government Properties (STU:E05) Business Description

Traded in Other Exchanges
Address
2001 K Street NW, Suite 775, Washington, DC, USA, 20006
Easterly Government Properties Inc is a real estate investment trust. It is engaged in the acquisition, development, and management of Class A commercial properties that are leased to U.S. government agencies. The company generates all its revenue by leasing its properties to such agencies.

Easterly Government Properties (STU:E05) Headlines

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