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Terreno Realty (Terreno Realty) Cyclically Adjusted Price-to-FCF : 54.77 (As of Apr. 29, 2024)


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What is Terreno Realty Cyclically Adjusted Price-to-FCF?

As of today (2024-04-29), Terreno Realty's current share price is $55.315. Terreno Realty's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was $1.01. Terreno Realty's Cyclically Adjusted Price-to-FCF for today is 54.77.

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

TRNO' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 46.34   Med: 69.82   Max: 136.73
Current: 53.83

During the past years, Terreno Realty's highest Cyclically Adjusted Price-to-FCF was 136.73. The lowest was 46.34. And the median was 69.82.

TRNO's Cyclically Adjusted Price-to-FCF is ranked worse than
90.31% of 392 companies
in the REITs industry
Industry Median: 11.43 vs TRNO: 53.83

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.

Terreno Realty's adjusted free cash flow per share data for the three months ended in Dec. 2023 was $0.295. 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 $1.01 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Terreno Realty Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Terreno Realty'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.

Terreno Realty Cyclically Adjusted Price-to-FCF Chart

Terreno Realty 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 - 124.63 122.65 67.09 62.32

Terreno Realty Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 67.09 72.51 63.92 57.82 62.32

Competitive Comparison of Terreno Realty's Cyclically Adjusted Price-to-FCF

For the REIT - Industrial subindustry, Terreno Realty'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.


Terreno Realty's Cyclically Adjusted Price-to-FCF Distribution in the REITs Industry

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

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



Terreno Realty 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.

Terreno Realty's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=55.315/1.01
=54.77

* 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.

Terreno Realty's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, Terreno Realty's adjusted Free Cash Flow per Share data for the three months ended in Dec. 2023 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=0.295/129.4194*129.4194
=0.295

Current CPI (Dec. 2023) = 129.4194.

Terreno Realty Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 0.150 99.695 0.195
201406 0.112 100.560 0.144
201409 0.109 100.428 0.140
201412 -0.026 99.070 -0.034
201503 0.055 99.621 0.071
201506 0.191 100.684 0.246
201509 0.191 100.392 0.246
201512 0.104 99.792 0.135
201603 0.086 100.470 0.111
201606 0.143 101.688 0.182
201609 0.198 101.861 0.252
201612 0.071 101.863 0.090
201703 0.203 102.862 0.255
201706 0.226 103.349 0.283
201709 0.259 104.136 0.322
201712 0.135 104.011 0.168
201803 0.162 105.290 0.199
201806 0.236 106.317 0.287
201809 0.257 106.507 0.312
201812 0.189 105.998 0.231
201903 0.185 107.251 0.223
201906 0.227 108.070 0.272
201909 0.308 108.329 0.368
201912 0.244 108.420 0.291
202003 0.204 108.902 0.242
202006 0.245 108.767 0.292
202009 0.345 109.815 0.407
202012 0.223 109.897 0.263
202103 0.266 111.754 0.308
202106 0.295 114.631 0.333
202109 0.300 115.734 0.335
202112 0.282 117.630 0.310
202203 0.125 121.301 0.133
202206 0.312 125.017 0.323
202209 0.335 125.227 0.346
202212 0.242 125.222 0.250
202303 0.310 127.348 0.315
202306 0.428 128.729 0.430
202309 0.485 129.860 0.483
202312 0.295 129.419 0.295

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.


Terreno Realty  (NYSE:TRNO) 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.


Terreno Realty Cyclically Adjusted Price-to-FCF Related Terms

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


Terreno Realty (Terreno Realty) Business Description

Industry
Traded in Other Exchanges
Address
10500 NE 8th Street, Suite 1910, Bellevue, WA, USA, 98004
Terreno Realty Corp is a real estate investment trust engaged in acquiring, owning and operating industrial real estate in six coastal U.S. markets: Los Angeles, Northern New Jersey/New York City, San Francisco Bay Area, Seattle, Miami, and Washington, D.C. The company invests in several types of industrial real estate, including warehouse/distribution, flex (including light industrial and research and development), transshipment and improved land.
Executives
Melinda Weston officer: Chief Accounting Officer TERRENO REALTY CORPORATION, 10500 NE 8TH STREET, SUITE 301, BELLEVUE WA 98004
Leroy E Carlson director 79840 CITRUS STREET, LAQUINTA CA 92253
Michael A Coke director, officer: PRESIDENT TERRENO REALTY CORPORATION, 101 MONTGOMERY STREET, SUITE 200, SAN FRANCISCO CA 94104
Irene H Oh director 135 N LOS ROBLES AVE. 7TH FL, PASADENA CA 91101
Gary N Boston director 3300 ENTERPRISE PARKWAY, BEACHWOOD OH 44122
Douglas M Pasquale director 245 FICHER AVE STE D-1, COSTA MESA CA 92626
W Blake Baird director, officer: CHAIRMAN AND CEO 1411 SAND ISLAND PARKWAY, HONOLULU HI 96819
Linda Assante director C/O TERRENO REALTY CORP., 101 MONTGOMERY STREET, SUITE 200, SAN FRANCISCO CA 94104
David M Lee director 101 MONTGOMERY STREET, SAN FRANCISCO CA 94104
Gabriela Franco Parcella director 101 MONTGOMERY STREET, SUITE 200, SAN FRANCISCO CA 94104
Dennis Polk director 44201 NOBEL DRIVE, FREMONT CA 94538
Peter J Merlone director 2840 DIVISADERO, SAN FRANCISCO CA 94123
John Tull Meyer officer: EVP 101 MONTGOMERY STREET, SUITE 200, SAN FRANCISCO CA 94104
Jaime Jackson Cannon officer: CFO 101 MONTGOMERY STREET, SUITE 200, SAN FRANCISCO CA 94104
Andrew Thomas Burke officer: EVP 101 MONTGOMERY STREET, SUITE 200, SAN FRANCISCO CA 94104