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Nexus Industrial REIT (TSX:NXR.UN) Cyclically Adjusted Price-to-FCF : 9.33 (As of May. 14, 2024)


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What is Nexus Industrial REIT Cyclically Adjusted Price-to-FCF?

As of today (2024-05-14), Nexus Industrial REIT's current share price is C$7.46. Nexus Industrial REIT's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was C$0.80. Nexus Industrial REIT's Cyclically Adjusted Price-to-FCF for today is 9.33.

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

TSX:NXR.UN' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 8.75   Med: 11.68   Max: 19.47
Current: 9.33

During the past years, Nexus Industrial REIT's highest Cyclically Adjusted Price-to-FCF was 19.47. The lowest was 8.75. And the median was 11.68.

TSX:NXR.UN's Cyclically Adjusted Price-to-FCF is ranked better than
63.92% of 388 companies
in the REITs industry
Industry Median: 11.59 vs TSX:NXR.UN: 9.33

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.

Nexus Industrial REIT's adjusted free cash flow per share data for the three months ended in Dec. 2023 was C$0.211. 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$0.80 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Nexus Industrial REIT Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Nexus Industrial 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.

Nexus Industrial REIT Cyclically Adjusted Price-to-FCF Chart

Nexus Industrial REIT 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 - - - 16.83 10.16

Nexus Industrial REIT Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 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 16.83 15.07 12.63 9.98 10.16

Competitive Comparison of Nexus Industrial REIT's Cyclically Adjusted Price-to-FCF

For the REIT - Industrial subindustry, Nexus Industrial 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.


Nexus Industrial REIT's Cyclically Adjusted Price-to-FCF Distribution in the REITs Industry

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

* The bar in red indicates where Nexus Industrial REIT's Cyclically Adjusted Price-to-FCF falls into.



Nexus Industrial 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.

Nexus Industrial REIT's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=7.46/0.8
=9.33

* 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.

Nexus Industrial REIT's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, Nexus Industrial REIT's adjusted Free Cash Flow per Share data for the three months ended in Dec. 2023 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=0.211/125.4675*125.4675
=0.211

Current CPI (Dec. 2023) = 125.4675.

Nexus Industrial REIT Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 0.060 98.604 0.076
201406 0.081 99.473 0.102
201409 0.398 99.394 0.502
201412 0.092 98.367 0.117
201503 0.180 99.789 0.226
201506 0.243 100.500 0.303
201509 0.179 100.421 0.224
201512 0.250 99.947 0.314
201603 0.308 101.054 0.382
201606 0.247 102.002 0.304
201609 0.223 101.765 0.275
201612 0.245 101.449 0.303
201703 0.240 102.634 0.293
201706 -0.141 103.029 -0.172
201709 0.365 103.345 0.443
201712 0.149 103.345 0.181
201803 0.113 105.004 0.135
201806 0.200 105.557 0.238
201809 0.102 105.636 0.121
201812 0.296 105.399 0.352
201903 0.198 106.979 0.232
201906 0.193 107.690 0.225
201909 0.191 107.611 0.223
201912 0.181 107.769 0.211
202003 0.104 107.927 0.121
202006 0.158 108.401 0.183
202009 0.163 108.164 0.189
202012 0.338 108.559 0.391
202103 0.148 110.298 0.168
202106 0.022 111.720 0.025
202109 0.050 112.905 0.056
202112 0.205 113.774 0.226
202203 0.059 117.646 0.063
202206 0.081 120.806 0.084
202209 0.243 120.648 0.253
202212 0.118 120.964 0.122
202303 0.064 122.702 0.065
202306 0.161 124.203 0.163
202309 0.033 125.230 0.033
202312 0.211 125.468 0.211

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.


Nexus Industrial REIT  (TSX:NXR.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.


Nexus Industrial REIT Cyclically Adjusted Price-to-FCF Related Terms

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


Nexus Industrial REIT (TSX:NXR.UN) Business Description

Industry
Traded in Other Exchanges
Address
211-1540 Cornwall Road, Oakville, ON, CAN, L6J7W5
Nexus Industrial REIT is a Canada-based growth-oriented real estate investment trust focused on increasing unitholder value through the acquisition, ownership, and management of industrial, office, and retail properties.

Nexus Industrial REIT (TSX:NXR.UN) Headlines

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