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Equity Residential (STU:EQR) Cyclically Adjusted Price-to-FCF : 19.17 (As of May. 09, 2025)


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What is Equity Residential Cyclically Adjusted Price-to-FCF?

As of today (2025-05-09), Equity Residential's current share price is €62.50. Equity Residential's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2025 was €3.26. Equity Residential's Cyclically Adjusted Price-to-FCF for today is 19.17.

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

STU:EQR' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 13.31   Med: 24.94   Max: 281.34
Current: 19.68

During the past years, Equity Residential's highest Cyclically Adjusted Price-to-FCF was 281.34. The lowest was 13.31. And the median was 24.94.

STU:EQR's Cyclically Adjusted Price-to-FCF is ranked worse than
70% of 420 companies
in the REITs industry
Industry Median: 12.1 vs STU:EQR: 19.68

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.

Equity Residential's adjusted free cash flow per share data for the three months ended in Mar. 2025 was €0.848. 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 €3.26 for the trailing ten years ended in Mar. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


Equity Residential Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Equity Residential'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.

Equity Residential Cyclically Adjusted Price-to-FCF Chart

Equity Residential 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 19.90 28.79 17.88 17.65 20.46

Equity Residential 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 17.96 19.61 21.17 20.46 20.22

Competitive Comparison of Equity Residential's Cyclically Adjusted Price-to-FCF

For the REIT - Residential subindustry, Equity Residential'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.


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

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

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


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Equity Residential 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=62.50/3.26
=19.17

* 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.

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

For example, Equity Residential'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)
=0.848/134.9266*134.9266
=0.848

Current CPI (Mar. 2025) = 134.9266.

Equity Residential Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201506 0.625 100.684 0.838
201509 0.749 100.392 1.007
201512 0.554 99.792 0.749
201603 0.357 100.470 0.479
201606 0.505 101.688 0.670
201609 0.652 101.861 0.864
201612 0.836 101.863 1.107
201703 0.626 102.862 0.821
201706 0.457 103.349 0.597
201709 0.768 104.136 0.995
201712 0.513 104.011 0.665
201803 0.681 105.290 0.873
201806 0.609 106.317 0.773
201809 0.679 106.507 0.860
201812 0.591 105.998 0.752
201903 0.775 107.251 0.975
201906 0.614 108.070 0.767
201909 0.830 108.329 1.034
201912 0.716 108.420 0.891
202003 0.790 108.902 0.979
202006 0.498 108.767 0.618
202009 0.797 109.815 0.979
202012 0.391 109.897 0.480
202103 0.680 111.754 0.821
202106 0.401 114.631 0.472
202109 0.780 115.734 0.909
202112 0.533 117.630 0.611
202203 0.771 121.301 0.858
202206 0.665 125.017 0.718
202209 0.954 125.227 1.028
202212 0.607 125.222 0.654
202303 0.798 127.348 0.845
202306 0.634 128.729 0.665
202309 0.826 129.860 0.858
202312 0.591 129.419 0.616
202403 0.810 131.776 0.829
202406 0.745 132.554 0.758
202409 0.738 133.029 0.749
202412 0.679 133.157 0.688
202503 0.848 134.927 0.848

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.


Equity Residential  (STU:EQR) 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.


Equity Residential Cyclically Adjusted Price-to-FCF Related Terms

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


Equity Residential Business Description

Industry
Traded in Other Exchanges
Address
Two North Riverside Plaza, Chicago, IL, USA, 60606
Equity Residential owns a portfolio of 311 apartment communities with around 84,000 units and is developing two additional properties with 655 units. The company focuses on owning large, high-quality properties in the urban and suburban submarkets of Southern California, San Francisco, Washington, D.C., New York, Seattle, and Boston.