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Morguard North American Residential Real Estate Investment Trust (TSX:MRG.UN) Cyclically Adjusted Price-to-FCF : 8.60 (As of Jun. 06, 2025)


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What is Morguard North American Residential Real Estate Investment Trust Cyclically Adjusted Price-to-FCF?

As of today (2025-06-06), Morguard North American Residential Real Estate Investment Trust's current share price is C$18.40. Morguard North American Residential Real Estate Investment Trust's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2025 was C$2.14. Morguard North American Residential Real Estate Investment Trust's Cyclically Adjusted Price-to-FCF for today is 8.60.

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

TSX:MRG.UN' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 6.87   Med: 8.96   Max: 12.16
Current: 8.55

During the past years, Morguard North American Residential Real Estate Investment Trust's highest Cyclically Adjusted Price-to-FCF was 12.16. The lowest was 6.87. And the median was 8.96.

TSX:MRG.UN's Cyclically Adjusted Price-to-FCF is ranked better than
68.66% of 418 companies
in the REITs industry
Industry Median: 12.31 vs TSX:MRG.UN: 8.55

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.

Morguard North American Residential Real Estate Investment Trust's adjusted free cash flow per share data for the three months ended in Mar. 2025 was C$0.430. 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$2.14 for the trailing ten years ended in Mar. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


Morguard North American Residential Real Estate Investment Trust Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Morguard North American Residential 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.

Morguard North American Residential Real Estate Investment Trust Cyclically Adjusted Price-to-FCF Chart

Morguard North American Residential Real Estate Investment Trust Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only - 10.63 8.74 7.59 8.22

Morguard North American Residential Real Estate Investment Trust Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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 8.02 7.58 9.31 8.22 8.13

Competitive Comparison of Morguard North American Residential Real Estate Investment Trust's Cyclically Adjusted Price-to-FCF

For the REIT - Residential subindustry, Morguard North American Residential 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.


Morguard North American Residential Real Estate Investment Trust's Cyclically Adjusted Price-to-FCF Distribution in the REITs Industry

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

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


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Morguard North American Residential 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.

Morguard North American Residential 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
=18.40/2.14
=8.60

* 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.

Morguard North American Residential Real Estate Investment Trust's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2025 is calculated as:

For example, Morguard North American Residential Real Estate Investment Trust's adjusted Free Cash Flow per Share data for the three months ended in Mar. 2025 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=0.43/129.1809*129.1809
=0.430

Current CPI (Mar. 2025) = 129.1809.

Morguard North American Residential Real Estate Investment Trust Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201506 0.452 100.500 0.581
201509 0.308 100.421 0.396
201512 0.502 99.947 0.649
201603 0.385 101.054 0.492
201606 0.328 102.002 0.415
201609 0.440 101.765 0.559
201612 0.643 101.449 0.819
201703 0.271 102.634 0.341
201706 0.296 103.029 0.371
201709 0.576 103.345 0.720
201712 0.623 103.345 0.779
201803 0.117 105.004 0.144
201806 0.752 105.557 0.920
201809 0.278 105.636 0.340
201812 0.632 105.399 0.775
201903 0.249 106.979 0.301
201906 0.529 107.690 0.635
201909 0.286 107.611 0.343
201912 0.644 107.769 0.772
202003 0.128 107.927 0.153
202006 0.622 108.401 0.741
202009 0.299 108.164 0.357
202012 0.235 108.559 0.280
202103 0.377 110.298 0.442
202106 0.517 111.720 0.598
202109 0.290 112.905 0.332
202112 0.447 113.774 0.508
202203 0.321 117.646 0.352
202206 0.565 120.806 0.604
202209 0.659 120.648 0.706
202212 0.378 120.964 0.404
202303 0.460 122.702 0.484
202306 0.895 124.203 0.931
202309 0.357 125.230 0.368
202312 0.614 125.072 0.634
202403 0.491 126.258 0.502
202406 0.863 127.522 0.874
202409 0.413 127.285 0.419
202412 0.874 127.364 0.886
202503 0.430 129.181 0.430

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.


Morguard North American Residential Real Estate Investment Trust  (TSX:MRG.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.


Morguard North American Residential Real Estate Investment Trust Cyclically Adjusted Price-to-FCF Related Terms

Thank you for viewing the detailed overview of Morguard North American Residential Real Estate Investment Trust's Cyclically Adjusted Price-to-FCF provided by GuruFocus.com. Please click on the following links to see related term pages.


Morguard North American Residential Real Estate Investment Trust Business Description

Traded in Other Exchanges
Address
55 City Centre Drive, Suite 1000, Mississauga, ON, CAN, L5B 1M3
Morguard North American Residential Real Estate Investment Trust is an open-end real estate investment trust. The REIT invests in multi-suite residential rental properties in Canada and the United States. It acquires, develops, owns and manages multi-suite residential, commercial and hotel properties and serves as a real estate investment advisor and management company. The REIT operates into two reportable segments, Canada and the United States. The United States contributes to the vast majority of revenue.

Morguard North American Residential Real Estate Investment Trust Headlines

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