GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Prologis Inc (WBO:PRLD) » Definitions » Cyclically Adjusted Price-to-FCF

Prologis (WBO:PRLD) Cyclically Adjusted Price-to-FCF : 22.38 (As of Jun. 25, 2025)


View and export this data going back to 2019. Start your Free Trial

What is Prologis Cyclically Adjusted Price-to-FCF?

As of today (2025-06-25), Prologis's current share price is €92.64. Prologis's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2025 was €4.14. Prologis's Cyclically Adjusted Price-to-FCF for today is 22.38.

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

WBO:PRLD' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 21.38   Med: 45.07   Max: 214.77
Current: 24.01

During the past years, Prologis's highest Cyclically Adjusted Price-to-FCF was 214.77. The lowest was 21.38. And the median was 45.07.

WBO:PRLD's Cyclically Adjusted Price-to-FCF is ranked worse than
76.12% of 423 companies
in the REITs industry
Industry Median: 12.4 vs WBO:PRLD: 24.01

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.

Prologis's adjusted free cash flow per share data for the three months ended in Mar. 2025 was €1.123. 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 €4.14 for the trailing ten years ended in Mar. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


Prologis Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Prologis'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.

Prologis Cyclically Adjusted Price-to-FCF Chart

Prologis 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 45.87 60.79 33.63 33.97 24.35

Prologis 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 31.85 26.93 29.33 24.35 24.83

Competitive Comparison of Prologis's Cyclically Adjusted Price-to-FCF

For the REIT - Industrial subindustry, Prologis'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.


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

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

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


;
;

Prologis 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=92.64/4.14
=22.38

* 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.

Prologis's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2025 is calculated as:

For example, Prologis'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)
=1.123/134.9266*134.9266
=1.123

Current CPI (Mar. 2025) = 134.9266.

Prologis Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201506 0.436 100.684 0.584
201509 0.629 100.392 0.845
201512 0.555 99.792 0.750
201603 0.451 100.470 0.606
201606 0.539 101.688 0.715
201609 0.533 101.861 0.706
201612 0.662 101.863 0.877
201703 0.600 102.862 0.787
201706 0.632 103.349 0.825
201709 0.931 104.136 1.206
201712 0.498 104.011 0.646
201803 0.511 105.290 0.655
201806 0.654 106.317 0.830
201809 0.718 106.507 0.910
201812 0.711 105.998 0.905
201903 0.669 107.251 0.842
201906 0.687 108.070 0.858
201909 0.893 108.329 1.112
201912 0.847 108.420 1.054
202003 0.849 108.902 1.052
202006 0.784 108.767 0.973
202009 1.086 109.815 1.334
202012 0.649 109.897 0.797
202103 0.897 111.754 1.083
202106 0.705 114.631 0.830
202109 0.905 115.734 1.055
202112 0.828 117.630 0.950
202203 0.998 121.301 1.110
202206 0.993 125.017 1.072
202209 1.586 125.227 1.709
202212 1.272 125.222 1.371
202303 1.094 127.348 1.159
202306 1.178 128.729 1.235
202309 1.938 129.860 2.014
202312 1.035 129.419 1.079
202403 1.018 131.776 1.042
202406 1.059 132.554 1.078
202409 1.355 133.029 1.374
202412 1.337 133.157 1.355
202503 1.123 134.927 1.123

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.


Prologis  (WBO:PRLD) 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.


Prologis Cyclically Adjusted Price-to-FCF Related Terms

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


Prologis Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Prologis Inc (WBO:PRLD) » Definitions » Cyclically Adjusted Price-to-FCF
Address
Pier 1, Bay 1, San Francisco, CA, USA, 94111
Prologis was formed by the June 2011 merger of AMB Property and Prologis Trust. The company develops, acquires, and operates around 1.3 billion square feet of high-quality industrial and logistics facilities across the globe. The company also has a strategic capital business segment that has around $60 billion of third-party AUM. The company is organized into four global divisions (Americas, Europe, Asia, and other Americas) and operates as a real estate investment trust.