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NTT UD Reit Investment (TSE:8956) Cyclically Adjusted Price-to-FCF : 78.10 (As of May. 27, 2024)


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What is NTT UD Reit Investment Cyclically Adjusted Price-to-FCF?

As of today (2024-05-27), NTT UD Reit Investment's current share price is 円119600.00. NTT UD Reit Investment's Cyclically Adjusted FCF per Share for the fiscal year that ended in Oct23 was 円1,531.28. NTT UD Reit Investment's Cyclically Adjusted Price-to-FCF for today is 78.10.

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

TSE:8956' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 75.95   Med: 137.01   Max: 152.17
Current: 78.37

During the past 13 years, NTT UD Reit Investment's highest Cyclically Adjusted Price-to-FCF was 152.17. The lowest was 75.95. And the median was 137.01.

TSE:8956's Cyclically Adjusted Price-to-FCF is ranked worse than
95.1% of 388 companies
in the REITs industry
Industry Median: 11.305 vs TSE:8956: 78.37

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.

NTT UD Reit Investment's adjusted free cash flow per share data of for the fiscal year that ended in Oct23 was 円8,712.619. 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1,531.28 for the trailing ten years ended in Oct23.

Shiller PE for Stocks: The True Measure of Stock Valuation


NTT UD Reit Investment Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for NTT UD Reit 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.

NTT UD Reit Investment Cyclically Adjusted Price-to-FCF Chart

NTT UD Reit Investment Annual Data
Trend Oct14 Oct15 Oct16 Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - 152.17 81.44

NTT UD Reit Investment Semi-Annual Data
Apr14 Oct14 Apr15 Oct15 Apr16 Oct16 Apr17 Oct17 Apr18 Oct18 Apr19 Oct19 Apr20 Oct20 Apr21 Oct21 Apr22 Oct22 Apr23 Oct23
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 - - 152.17 - 81.44

Competitive Comparison of NTT UD Reit Investment's Cyclically Adjusted Price-to-FCF

For the REIT - Diversified subindustry, NTT UD Reit 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.


NTT UD Reit Investment's Cyclically Adjusted Price-to-FCF Distribution in the REITs Industry

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

* The bar in red indicates where NTT UD Reit Investment's Cyclically Adjusted Price-to-FCF falls into.



NTT UD Reit 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.

NTT UD Reit Investment's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=119600.00/1531.28
=78.10

* 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.

NTT UD Reit Investment's Cyclically Adjusted FCF per Share for the fiscal year that ended in Oct23 is calculated as:

For example, NTT UD Reit Investment's adjusted Free Cash Flow per Share data for the fiscal year that ended in Oct23 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Oct23 (Change)*Current CPI (Oct23)
=8712.619/107.1000*107.1000
=8,712.619

Current CPI (Oct23) = 107.1000.

NTT UD Reit Investment Annual Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201410 -3,860.640 98.200 -4,210.535
201510 -7,576.179 98.500 -8,237.652
201610 4,158.262 98.600 4,516.733
201710 -3,958.440 98.800 -4,290.981
201810 8,803.251 100.200 9,409.463
201910 8,489.727 100.400 9,056.273
202010 4,017.517 99.800 4,311.383
202110 -802.609 99.900 -860.455
202210 -2,995.800 103.700 -3,094.023
202310 8,712.619 107.100 8,712.619

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.


NTT UD Reit Investment  (TSE:8956) 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.


NTT UD Reit Investment Cyclically Adjusted Price-to-FCF Related Terms

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NTT UD Reit Investment (TSE:8956) Business Description

Industry
Traded in Other Exchanges
N/A
Address
1-5-1 Otemachi, Chiyoda-ku, Tokyo, JPN
NTT UD Reit Investment Corp is a Japan-based real estate investment trust company. It is a J-REIT managing compound portfolio of office buildings and residential properties, with NTT Urban Development serving as the sponsor.

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