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BTB Real Estate Investment Trust (TSX:BTB.UN) Cyclically Adjusted Price-to-FCF : 3.01 (As of Jun. 21, 2024)


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What is BTB Real Estate Investment Trust Cyclically Adjusted Price-to-FCF?

As of today (2024-06-21), BTB Real Estate Investment Trust's current share price is C$3.13. BTB Real Estate Investment Trust's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was C$1.04. BTB Real Estate Investment Trust's Cyclically Adjusted Price-to-FCF for today is 3.01.

The historical rank and industry rank for BTB Real Estate Investment Trust's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

TSX:BTB.UN' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 2.21   Med: 3.67   Max: 8.65
Current: 3.04

During the past years, BTB Real Estate Investment Trust's highest Cyclically Adjusted Price-to-FCF was 8.65. The lowest was 2.21. And the median was 3.67.

TSX:BTB.UN's Cyclically Adjusted Price-to-FCF is ranked better than
91.79% of 390 companies
in the REITs industry
Industry Median: 11.37 vs TSX:BTB.UN: 3.04

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.

BTB Real Estate Investment Trust's adjusted free cash flow per share data for the three months ended in Mar. 2024 was C$0.139. 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 C$1.04 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


BTB Real Estate Investment Trust Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for BTB Real Estate Investment Trust'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.

BTB Real Estate Investment Trust Cyclically Adjusted Price-to-FCF Chart

BTB Real Estate Investment Trust 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 4.16 3.26 3.84 3.38 2.81

BTB Real Estate Investment Trust Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 3.27 2.99 2.80 2.81 3.05

Competitive Comparison of BTB Real Estate Investment Trust's Cyclically Adjusted Price-to-FCF

For the REIT - Office subindustry, BTB Real Estate Investment Trust'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.


BTB Real Estate Investment Trust's Cyclically Adjusted Price-to-FCF Distribution in the REITs Industry

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

* The bar in red indicates where BTB Real Estate Investment Trust's Cyclically Adjusted Price-to-FCF falls into.



BTB Real Estate Investment Trust 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.

BTB Real Estate Investment Trust's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=3.13/1.04
=3.01

* 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.

BTB Real Estate Investment Trust's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, BTB Real Estate Investment Trust's adjusted Free Cash Flow per Share data for the three months ended in Mar. 2024 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=0.139/126.2576*126.2576
=0.139

Current CPI (Mar. 2024) = 126.2576.

BTB Real Estate Investment Trust Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.220 99.473 0.279
201409 0.294 99.394 0.373
201412 0.397 98.367 0.510
201503 0.162 99.789 0.205
201506 0.314 100.500 0.394
201509 0.280 100.421 0.352
201512 0.348 99.947 0.440
201603 0.192 101.054 0.240
201606 0.273 102.002 0.338
201609 0.249 101.765 0.309
201612 0.309 101.449 0.385
201703 0.127 102.634 0.156
201706 0.205 103.029 0.251
201709 0.237 103.345 0.290
201712 0.291 103.345 0.356
201803 0.181 105.004 0.218
201806 0.157 105.557 0.188
201809 0.227 105.636 0.271
201812 0.279 105.399 0.334
201903 0.148 106.979 0.175
201906 0.210 107.690 0.246
201909 0.159 107.611 0.187
201912 0.277 107.769 0.325
202003 0.171 107.927 0.200
202006 0.167 108.401 0.195
202009 0.141 108.164 0.165
202012 0.251 108.559 0.292
202103 0.206 110.298 0.236
202106 0.111 111.720 0.125
202109 0.136 112.905 0.152
202112 0.337 113.774 0.374
202203 0.146 117.646 0.157
202206 0.182 120.806 0.190
202209 0.239 120.648 0.250
202212 0.222 120.964 0.232
202303 0.182 122.702 0.187
202306 0.200 124.203 0.203
202309 0.188 125.230 0.190
202312 0.249 125.072 0.251
202403 0.139 126.258 0.139

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.


BTB Real Estate Investment Trust  (TSX:BTB.UN) 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.


BTB Real Estate Investment Trust Cyclically Adjusted Price-to-FCF Related Terms

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BTB Real Estate Investment Trust (TSX:BTB.UN) Business Description

Traded in Other Exchanges
Address
1411, Crescent Street, Suite 300, Montreal, QC, CAN, H3G 2B3
BTB Real Estate Investment Trust is a real estate investment trust. It owns and manages properties across Canada. The company has three operating segments; Industrial, Off-downtown core office, and Necessity-based retail. It derives a majority of its revenue in the form of rental revenue.

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