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Japan Prime Realty Investment (TSE:8955) Cyclically Adjusted Price-to-FCF : 45.19 (As of Jun. 08, 2024)


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What is Japan Prime Realty Investment Cyclically Adjusted Price-to-FCF?

As of today (2024-06-08), Japan Prime Realty Investment's current share price is 円328500.00. Japan Prime Realty Investment's Cyclically Adjusted FCF per Share for the fiscal year that ended in Dec23 was 円7,269.43. Japan Prime Realty Investment's Cyclically Adjusted Price-to-FCF for today is 45.19.

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

TSE:8955' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 42.71   Med: 56.4   Max: 648.11
Current: 45.19

During the past 13 years, Japan Prime Realty Investment's highest Cyclically Adjusted Price-to-FCF was 648.11. The lowest was 42.71. And the median was 56.40.

TSE:8955's Cyclically Adjusted Price-to-FCF is ranked worse than
90.23% of 389 companies
in the REITs industry
Industry Median: 11.47 vs TSE:8955: 45.19

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.

Japan Prime Realty Investment's adjusted free cash flow per share data of for the fiscal year that ended in Dec23 was 円6,597.607. 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 円7,269.43 for the trailing ten years ended in Dec23.

Shiller PE for Stocks: The True Measure of Stock Valuation


Japan Prime Realty Investment Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Japan Prime Realty Investment'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.

Japan Prime Realty Investment Cyclically Adjusted Price-to-FCF Chart

Japan Prime Realty Investment 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 - 495.32 - 57.93 48.15

Japan Prime Realty Investment Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 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 - - 57.93 - 48.15

Competitive Comparison of Japan Prime Realty Investment's Cyclically Adjusted Price-to-FCF

For the REIT - Diversified subindustry, Japan Prime Realty Investment'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.


Japan Prime Realty Investment's Cyclically Adjusted Price-to-FCF Distribution in the REITs Industry

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

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



Japan Prime Realty Investment 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.

Japan Prime Realty Investment's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=328500.00/7269.43
=45.19

* 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.

Japan Prime Realty Investment's Cyclically Adjusted FCF per Share for the fiscal year that ended in Dec23 is calculated as:

For example, Japan Prime Realty Investment's adjusted Free Cash Flow per Share data for the fiscal year that ended in Dec23 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Dec23 (Change)*Current CPI (Dec23)
=6597.607/106.8000*106.8000
=6,597.607

Current CPI (Dec23) = 106.8000.

Japan Prime Realty Investment Annual Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201412 15,289.098 97.900 16,679.016
201512 10,259.747 98.100 11,169.633
201612 3,663.910 98.400 3,976.683
201712 1,623.200 99.400 1,744.042
201812 17,056.236 99.700 18,270.873
201912 12,895.099 100.500 13,703.448
202012 -12,849.267 99.300 -13,819.755
202112 -1,151.340 100.100 -1,228.403
202212 15,206.761 104.100 15,601.173
202312 6,597.607 106.800 6,597.607

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.


Japan Prime Realty Investment  (TSE:8955) 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.


Japan Prime Realty Investment Cyclically Adjusted Price-to-FCF Related Terms

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Japan Prime Realty Investment (TSE:8955) Business Description

Traded in Other Exchanges
Address
4-16 Yaesu, 1-Chome, Chuo-ku, Tokyo, JPN, 103-0028
Japan Prime Realty Investment Corporation, or JPR, is a Japanese real estate investment trust primarily involved in the ownership of properties in the Greater Tokyo region. Most of JPR's real estate portfolio is comprised of office buildings, with retail properties making up the rest of the company's holdings. The vast majority of JPR's assets are in the Tokyo metropolitan area, which are mostly concentrated in Central Tokyo. The company generates nearly all of its revenue through collecting funds from investors, investing that money into real estate properties, and then collecting rental income from those properties. Its collection of tenants is fairly evenly distributed among service, information and communication, manufacturing, finance, retail, and real estate companies.

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