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Orix Jreit (TSE:8954) Cyclically Adjusted Price-to-FCF : (As of May. 26, 2024)


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What is Orix Jreit Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Orix Jreit Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Orix Jreit'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.

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Orix Jreit Cyclically Adjusted Price-to-FCF Chart

Orix Jreit Annual Data
Trend Aug14 Aug15 Aug16 Aug17 Aug18 Aug19 Aug20 Aug21 Aug22 Aug23
Cyclically Adjusted Price-to-FCF
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Orix Jreit Semi-Annual Data
Aug14 Feb15 Aug15 Feb16 Aug16 Feb17 Aug17 Feb18 Aug18 Feb19 Aug19 Feb20 Aug20 Feb21 Aug21 Feb22 Aug22 Feb23 Aug23 Feb24
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Competitive Comparison of Orix Jreit's Cyclically Adjusted Price-to-FCF

For the REIT - Office subindustry, Orix Jreit'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.


Orix Jreit's Cyclically Adjusted Price-to-FCF Distribution in the REITs Industry

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

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



Orix Jreit 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.

Orix Jreit's Cyclically Adjusted FCF per Share for the fiscal year that ended in Aug23 is calculated as:

For example, Orix Jreit's adjusted Free Cash Flow per Share data for the fiscal year that ended in Aug23 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Aug23 (Change)*Current CPI (Aug23)
=6387.319/105.9000*105.9000
=6,387.319

Current CPI (Aug23) = 105.9000.

Orix Jreit Annual Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201408 -35,087.973 98.300 -37,800.777
201508 -16,967.667 98.400 -18,260.934
201608 -19,653.423 97.900 -21,259.423
201708 -11,040.369 98.500 -11,869.798
201808 -4,216.783 99.800 -4,474.522
201908 9,975.000 100.000 10,563.525
202008 5,908.696 100.100 6,251.058
202108 5,859.058 99.700 6,223.413
202208 8,624.638 102.700 8,893.371
202308 6,387.319 105.900 6,387.319

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.


Orix Jreit  (TSE:8954) 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.


Orix Jreit Cyclically Adjusted Price-to-FCF Related Terms

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Orix Jreit (TSE:8954) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Orix Jreit Inc (TSE:8954) » Definitions » Cyclically Adjusted Price-to-FCF
Traded in Other Exchanges
N/A
Address
4-1, Hamamatsucho 2-chome, Minato-ku, Tokyo, JPN, 105-6135
Orix Jreit Inc is a real estate investment trust engaged in the acquisition, ownership, and leasing of properties throughout Japan. In terms of asset acquisition price, the majority of the company's real estate portfolio comprises office buildings. Retail facilities and residential properties together also make up a considerable percentage of this portfolio. Orix JREIT's real estate assets are mostly located in the Greater Tokyo area, with those in the Central Wards of Tokyo representing the largest geographic segment in terms of property acquisition price. The company derives nearly all of its income in the form of rental revenue from tenants. Finance and real estate, transportation, and retail companies are Orix JREIT's major customers.

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