GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Alexander's Inc (NYSE:ALX) » Definitions » Cyclically Adjusted Price-to-FCF

Alexander's (Alexander's) Cyclically Adjusted Price-to-FCF : 8.77 (As of Apr. 27, 2024)


View and export this data going back to 1969. Start your Free Trial

What is Alexander's Cyclically Adjusted Price-to-FCF?

As of today (2024-04-27), Alexander's's current share price is $206.90. Alexander's's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was $23.59. Alexander's's Cyclically Adjusted Price-to-FCF for today is 8.77.

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

ALX' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 6.96   Med: 18.85   Max: 11324.75
Current: 8.97

During the past years, Alexander's's highest Cyclically Adjusted Price-to-FCF was 11324.75. The lowest was 6.96. And the median was 18.85.

ALX's Cyclically Adjusted Price-to-FCF is ranked better than
63.59% of 390 companies
in the REITs industry
Industry Median: 11.575 vs ALX: 8.97

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.

Alexander's's adjusted free cash flow per share data for the three months ended in Dec. 2023 was $8.720. 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 $23.59 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Alexander's Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Alexander's'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.

Alexander's Cyclically Adjusted Price-to-FCF Chart

Alexander's 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 17.37 13.85 11.87 9.74 9.05

Alexander's 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 9.74 8.60 7.63 7.82 9.05

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

For the REIT - Retail subindustry, Alexander's'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.


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

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

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



Alexander's 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=206.90/23.59
=8.77

* 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.

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

For example, Alexander's'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)
=8.72/129.4194*129.4194
=8.720

Current CPI (Dec. 2023) = 129.4194.

Alexander's Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 7.889 99.695 10.241
201406 -3.532 100.560 -4.546
201409 8.638 100.428 11.132
201412 -3.311 99.070 -4.325
201503 8.823 99.621 11.462
201506 -3.928 100.684 -5.049
201509 9.240 100.392 11.912
201512 6.639 99.792 8.610
201603 8.875 100.470 11.432
201606 -2.471 101.688 -3.145
201609 9.611 101.861 12.211
201612 9.564 101.863 12.151
201703 8.137 102.862 10.238
201706 -1.137 103.349 -1.424
201709 7.116 104.136 8.844
201712 10.011 104.011 12.457
201803 7.194 105.290 8.843
201806 -0.653 106.317 -0.795
201809 6.486 106.507 7.881
201812 1.346 105.998 1.643
201903 9.397 107.251 11.339
201906 0.530 108.070 0.635
201909 9.602 108.329 11.471
201912 5.102 108.420 6.090
202003 4.891 108.902 5.813
202006 5.413 108.767 6.441
202009 0.540 109.815 0.636
202012 4.402 109.897 5.184
202103 10.536 111.754 12.201
202106 1.670 114.631 1.885
202109 5.543 115.734 6.198
202112 5.376 117.630 5.915
202203 6.281 121.301 6.701
202206 11.928 125.017 12.348
202209 -3.340 125.227 -3.452
202212 5.139 125.222 5.311
202303 4.044 127.348 4.110
202306 8.807 128.729 8.854
202309 -0.301 129.860 -0.300
202312 8.720 129.419 8.720

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.


Alexander's  (NYSE:ALX) 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.


Alexander's Cyclically Adjusted Price-to-FCF Related Terms

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


Alexander's (Alexander's) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Alexander's Inc (NYSE:ALX) » Definitions » Cyclically Adjusted Price-to-FCF
Traded in Other Exchanges
Address
210 Route 4 East, Paramus, NJ, USA, 07652
Alexander's Inc is a real estate investment trust engaged in leasing, managing, developing and redeveloping its properties. It has six properties in the greater New York City metropolitan area. All of the revenues come from properties located in New York City which include revenues from leasing of space to tenants at their properties and revenues from parking and tenant services.
Executives
Gary W. Hansen officer: Chief Financial Officer 210 ROUTE 4 EAST, PARAMUS NJ 07652
Mandakini Puri director C/O VALIDUS HOLDINGS, 48 PAR-LA-VILLE ROAD, SUITE 1790, HAMILTON HM11 D0 HM11
Wight Russell B Jr director
Matthew Iocco officer: Chief Financial Officer 888 7TH AVENUE, NEW YORK NY 10019
Wendy Silverstein director, .
Properties Interstate 10 percent owner C/O VORNADO REALTY TRUST, 888 SEVENTH AVENUE, NEW YORK NY 10019
Thomas R Dibenedetto director
David Mandelbaum director, 10 percent owner
Arthur Sonnenblick director 888 SEVENTH AVE, NEW YORK NY 10019
Steven Roth director, 10 percent owner, officer: Chairman & CEO
Neil Underberg director 888 SEVENTH AVE, NEW YORK NY 10019
Richard R West director
Joseph Macnow officer: CFO/EVP - Fin. & Admin.
Michael D Fascitelli director, officer: President MDF CAPITAL, 888 7TH AVENUE, 27TH FLOOR, NEW YORK NY 10019
Stephen Mann director 450 PARK AVENUE, 3RD FLOOR, NEW YORK NY 10022

Alexander's (Alexander's) Headlines