SWPFF (Swire Properties) Cyclically Adjusted Price-to-FCF: (As of Sep. 21, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
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Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

SWPFF Swire Properties Ltd SWPFF
72 GF Score
Price $3.11
GF Value $2.56
Valuation Modestly Overvalued
! 7 Warning Signs
View Full Analysis

What is Swire Properties Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Swire Properties  (OTCPK:SWPFF) 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.


Swire Properties Cyclically Adjusted Price-to-FCF Related Terms


Swire Properties Cyclically Adjusted Price-to-FCF Historical Data

* Premium members only.

The historical data trend for Swire 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.

Swire Properties Cyclically Adjusted Price-to-FCF Chart

Swire Properties Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 14.10 12.06 11.77 13.34 17.67

Swire Properties Semi-Annual Data
Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25 Jun26
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 10.16 13.26 14.97 17.55 16.25

SWPFF vs CBRE, BEKE, JLL: Cyclically Adjusted Price-to-FCF Comparison

For the Real Estate Services subindustry, Swire 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.


Swire Properties Cyclically Adjusted Price-to-FCF vs Real Estate Industry

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

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


SWPFF
72GF Score
Swire Properties Ltd SWPFF
Cyclically Adjusted Price-to-FCF is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Swire 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.

Swire Properties's Cyclically Adjusted FCF per Share for the fiscal year that ended in Dec25 is calculated as:

For example, Swire Properties's adjusted Free Cash Flow per Share data for the fiscal year that ended in Dec25 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Dec25 (Change)*Current CPI (Dec25)
=0.162/120.7036*120.7036
=0.162

Current CPI (Dec25) = 120.7036.

Swire Properties Annual Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201612 0.174 103.225 0.203
201712 0.239 104.984 0.275
201812 0.191 107.622 0.214
201912 0.093 110.700 0.101
202012 0.118 109.711 0.130
202112 0.107 112.349 0.115
202212 0.101 114.548 0.106
202312 0.114 117.296 0.117
202412 0.076 118.945 0.077
202512 0.162 120.704 0.162

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.

Is Swire Properties (SWPFF) Overvalued in 2026?

Based on GuruFocus' analysis, Swire Properties stock appears to be overvalued. The current stock price of $3.11 is trading 21.5% above its estimated GF Value™ of $2.56. GuruFocus considers Swire Properties to be Modestly Overvalued.

Key valuation signals for SWPFF:

  • Cyclically Adjusted Price-to-FCF:
  • GF Value™: $2.56 vs. price of $3.11 (21.5% above fair value)
  • GF Score™: 72/100 with 7 warning signs

No single metric tells the full story. See the SWPFF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Swire Properties Business Description

Other Exchanges 01972:Hong KongSW9:Germany
Address 88 Queensway, 31st Floor, One Pacific Place, Hong Kong, HKG
Swire Properties is a Hong Kong-based property investor and Hong Kong's largest office landlord. Its Hong Kong portfolio provides more than 13 million square feet of gross floor area, with its portfolio of grade A office contributing over 9 million square feet. The firm also holds investment properties and development projects in China, the United States, and Southeast Asia. Rental income accounts for more than 60% of its total revenue, with property development and hotel operations contributing the balance. The company was listed in 2012. Parent company Swire Pacific holds an 83% stake.
72GF Score

Get the complete analysis for SWPFF

Cyclically Adjusted Price-to-FCF is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$3.11
Price
$2.56
GF Value