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Pebblebrook Hotel Trust (FRA:PD0) Cyclically Adjusted FCF per Share : €2.16 (As of Mar. 2024)


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What is Pebblebrook Hotel Trust Cyclically Adjusted FCF per Share?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted FCF per Share and 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.

Pebblebrook Hotel Trust's adjusted free cash flow per share for the three months ended in Mar. 2024 was €0.352. Add all the adjusted free cash flow per share for the past 10 years together and divide the count will get our Cyclically Adjusted FCF per Share, which is €2.16 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Pebblebrook Hotel Trust's average Cyclically Adjusted FCF Growth Rate was -0.80% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 5.10% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted FCF Growth Rate using Cyclically Adjusted FCF per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted FCF Growth Rate of Pebblebrook Hotel Trust was 12.70% per year. The lowest was 5.10% per year. And the median was 8.90% per year.

As of today (2024-05-16), Pebblebrook Hotel Trust's current stock price is €13.40. Pebblebrook Hotel Trust's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was €2.16. Pebblebrook Hotel Trust's Cyclically Adjusted Price-to-FCF of today is 6.20.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Pebblebrook Hotel Trust was 16.98. The lowest was 3.92. And the median was 6.81.


Pebblebrook Hotel Trust Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Pebblebrook Hotel Trust's Cyclically Adjusted FCF per Share 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.

Pebblebrook Hotel Trust Cyclically Adjusted FCF per Share Chart

Pebblebrook Hotel Trust Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.45 1.67 1.88 2.13 2.14

Pebblebrook Hotel 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 FCF per Share 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 2.15 2.17 2.24 2.14 2.16

Competitive Comparison of Pebblebrook Hotel Trust's Cyclically Adjusted FCF per Share

For the REIT - Hotel & Motel subindustry, Pebblebrook Hotel 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.


Pebblebrook Hotel Trust's Cyclically Adjusted Price-to-FCF Distribution in the REITs Industry

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

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



Pebblebrook Hotel Trust Cyclically Adjusted FCF per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted FCF per Share and 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.

What is Cyclically Adjusted FCF per Share? How do we calculate Cyclically Adjusted FCF per Share?

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. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted FCF per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the free cash flow per share from 2001 through 2010.

We adjusted the 2001 free cash flow per share data with the total inflation from 2001 through 2010 to the equivalent free cash flow in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's free cash flow is $1 a share in 2001, then the 2001's equivalent free cash flow in 2010 is $1.4 a share. If Wal-Mart's free cash flow is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 free cash flow in 2010 is $1.35. So on and so forth, you get the equivalent free cash flow per share of past 10 years. Then you add them together and divided the sum by the count to get 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.

For example, Pebblebrook Hotel 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)
=0.352/131.7762*131.7762
=0.352

Current CPI (Mar. 2024) = 131.7762.

Pebblebrook Hotel Trust Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.456 100.560 0.598
201409 0.707 100.428 0.928
201412 0.473 99.070 0.629
201503 0.381 99.621 0.504
201506 0.742 100.684 0.971
201509 0.835 100.392 1.096
201512 0.795 99.792 1.050
201603 0.577 100.470 0.757
201606 0.869 101.688 1.126
201609 0.848 101.861 1.097
201612 0.712 101.863 0.921
201703 0.483 102.862 0.619
201706 0.722 103.349 0.921
201709 0.698 104.136 0.883
201712 0.519 104.011 0.658
201803 0.484 105.290 0.606
201806 0.757 106.317 0.938
201809 0.845 106.507 1.045
201812 -0.343 105.998 -0.426
201903 0.382 107.251 0.469
201906 0.931 108.070 1.135
201909 0.847 108.329 1.030
201912 0.543 108.420 0.660
202003 0.010 108.902 0.012
202006 -0.599 108.767 -0.726
202009 -0.392 109.815 -0.470
202012 -0.345 109.897 -0.414
202103 -0.046 111.754 -0.054
202106 0.031 114.631 0.036
202109 0.302 115.734 0.344
202112 0.179 117.630 0.201
202203 0.269 121.301 0.292
202206 0.611 125.017 0.644
202209 0.861 125.227 0.906
202212 0.178 125.222 0.187
202303 0.344 127.348 0.356
202306 0.452 128.729 0.463
202309 0.640 129.860 0.649
202312 0.259 129.419 0.264
202403 0.352 131.776 0.352

Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF per Share.


Pebblebrook Hotel Trust  (FRA:PD0) Cyclically Adjusted FCF per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted FCF per Share may underestimate the company's free cash flow. Cyclically Adjusted Price-to-FCF can seem to be too high even the actual Price-to-Free-Cash-Flow is low.

For the Cyclically Adjusted Price-to-FCF, the free cash flow per share of the past 10 years are inflation-adjusted and averaged. The result is used for P/FCF calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted Price-to-FCF is also called CAPFCF Ratio.

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.

Pebblebrook Hotel Trust's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=13.40/2.16
=6.20

* 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.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Pebblebrook Hotel Trust was 16.98. The lowest was 3.92. And the median was 6.81.


Be Aware

Cyclically Adjusted Price-to-FCF works better for cyclical companies. It gives you a better idea on the company's real free cash flow value.


Pebblebrook Hotel Trust Cyclically Adjusted FCF per Share Related Terms

Thank you for viewing the detailed overview of Pebblebrook Hotel Trust's Cyclically Adjusted FCF per Share provided by GuruFocus.com. Please click on the following links to see related term pages.


Pebblebrook Hotel Trust (FRA:PD0) Business Description

Industry
Traded in Other Exchanges
Address
4747 Bethesda Avenue, Suite 1100, Bethesda, MD, USA, 20814
Pebblebrook Hotel Trust currently owns upper-upscale and luxury hotels with 12,134 rooms across 47 hotels in the United States. Pebblebrook acquired LaSalle Hotel Properties, which owned 10,451 rooms across 41 U.S. hotels, in December 2018, though management has sold many of those hotels over the past few years. Pebblebrook's portfolio consists mostly of independent hotels with no brand affiliations, though the combined company does own and operate some hotels under Marriott, Starwood, InterContinental, Hilton, and Hyatt brands.

Pebblebrook Hotel Trust (FRA:PD0) Headlines

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