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Tokyu Reit (TSE:8957) Cyclically Adjusted Price-to-FCF : 48.06 (As of May. 14, 2024)


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What is Tokyu Reit Cyclically Adjusted Price-to-FCF?

As of today (2024-05-14), Tokyu Reit's current share price is 円162400.00. Tokyu Reit's Cyclically Adjusted FCF per Share for the fiscal year that ended in Jul23 was 円3,379.34. Tokyu Reit's Cyclically Adjusted Price-to-FCF for today is 48.06.

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

TSE:8957' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 16.4   Med: 34.4   Max: 117.08
Current: 47.79

During the past 13 years, Tokyu Reit's highest Cyclically Adjusted Price-to-FCF was 117.08. The lowest was 16.40. And the median was 34.40.

TSE:8957's Cyclically Adjusted Price-to-FCF is ranked worse than
89.43% of 388 companies
in the REITs industry
Industry Median: 11.59 vs TSE:8957: 47.79

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.

Tokyu Reit's adjusted free cash flow per share data of for the fiscal year that ended in Jul23 was 円-1,916.708. 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3,379.34 for the trailing ten years ended in Jul23.

Shiller PE for Stocks: The True Measure of Stock Valuation


Tokyu Reit Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Tokyu Reit'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.

Tokyu Reit Cyclically Adjusted Price-to-FCF Chart

Tokyu Reit Annual Data
Trend Jul14 Jul15 Jul16 Jul17 Jul18 Jul19 Jul20 Jul21 Jul22 Jul23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 35.48 74.73 118.19 55.54 55.66

Tokyu Reit Semi-Annual Data
Jul14 Jan15 Jul15 Jan16 Jul16 Jan17 Jul17 Jan18 Jul18 Jan19 Jul19 Jan20 Jul20 Jan21 Jul21 Jan22 Jul22 Jan23 Jul23 Jan24
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 - 55.54 - 55.66 -

Competitive Comparison of Tokyu Reit's Cyclically Adjusted Price-to-FCF

For the REIT - Diversified subindustry, Tokyu Reit'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.


Tokyu Reit's Cyclically Adjusted Price-to-FCF Distribution in the REITs Industry

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

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



Tokyu Reit 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.

Tokyu Reit's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=162400.00/3379.34
=48.06

* 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.

Tokyu Reit's Cyclically Adjusted FCF per Share for the fiscal year that ended in Jul23 is calculated as:

For example, Tokyu Reit's adjusted Free Cash Flow per Share data for the fiscal year that ended in Jul23 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Jul23 (Change)*Current CPI (Jul23)
=-1916.708/105.7000*105.7000
=-1,916.708

Current CPI (Jul23) = 105.7000.

Tokyu Reit Annual Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201407 -19,340.268 98.100 -20,838.597
201507 12,152.013 98.300 13,066.814
201607 4,060.409 97.900 4,383.915
201707 7,363.415 98.300 7,917.731
201807 5,132.028 99.200 5,468.300
201907 1,351.501 99.800 1,431.399
202007 8,767.223 100.000 9,266.955
202107 -9,431.449 99.700 -9,999.039
202207 24,208.096 102.300 25,012.666
202307 -1,916.708 105.700 -1,916.708

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.


Tokyu Reit  (TSE:8957) 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.


Tokyu Reit Cyclically Adjusted Price-to-FCF Related Terms

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


Tokyu Reit (TSE:8957) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Tokyu Reit Inc (TSE:8957) » Definitions » Cyclically Adjusted Price-to-FCF
Traded in Other Exchanges
N/A
Address
1-12-1, Dogenzaka, Tokyo, JPN
Tokyu Reit Inc is a Japanese real estate company. It is engaged in asset investment and management based on principles of growth, stability, and transparency. The company invests predominantly in retail and office properties located in Chiyoda, Chuo, Minato, Shinjuku and Shibuya wards. It also conducts replacement of properties and other measures as needed in order to maintain and improve the portfolio quality, aiming to enhance its asset value and increase net income per unit.

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