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EastGroup Properties (EastGroup Properties) Cyclically Adjusted Price-to-FCF : 26.43 (As of May. 16, 2024)


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What is EastGroup Properties Cyclically Adjusted Price-to-FCF?

As of today (2024-05-16), EastGroup Properties's current share price is $166.79. EastGroup Properties's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was $6.31. EastGroup Properties's Cyclically Adjusted Price-to-FCF for today is 26.43.

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

EGP' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 24.41   Med: 38.65   Max: 2006.67
Current: 26.42

During the past years, EastGroup Properties's highest Cyclically Adjusted Price-to-FCF was 2006.67. The lowest was 24.41. And the median was 38.65.

EGP's Cyclically Adjusted Price-to-FCF is ranked worse than
79.9% of 388 companies
in the REITs industry
Industry Median: 11.71 vs EGP: 26.42

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.

EastGroup Properties's adjusted free cash flow per share data for the three months ended in Mar. 2024 was $2.437. 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 $6.31 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


EastGroup Properties Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for EastGroup Properties'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.

EastGroup Properties Cyclically Adjusted Price-to-FCF Chart

EastGroup Properties 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 39.68 36.30 45.45 26.09 29.88

EastGroup Properties Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 27.98 28.89 26.98 29.88 28.48

Competitive Comparison of EastGroup Properties's Cyclically Adjusted Price-to-FCF

For the REIT - Industrial subindustry, EastGroup Properties'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.


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

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

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



EastGroup Properties 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=166.79/6.31
=26.43

* 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.

EastGroup Properties's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, EastGroup Properties'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)
=2.437/131.7762*131.7762
=2.437

Current CPI (Mar. 2024) = 131.7762.

EastGroup Properties Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 1.158 100.560 1.517
201409 1.305 100.428 1.712
201412 0.659 99.070 0.877
201503 0.657 99.621 0.869
201506 1.180 100.684 1.544
201509 1.350 100.392 1.772
201512 0.851 99.792 1.124
201603 0.577 100.470 0.757
201606 1.411 101.688 1.828
201609 1.296 101.861 1.677
201612 0.968 101.863 1.252
201703 0.713 102.862 0.913
201706 1.274 103.349 1.624
201709 1.619 104.136 2.049
201712 0.937 104.011 1.187
201803 0.625 105.290 0.782
201806 1.475 106.317 1.828
201809 1.907 106.507 2.359
201812 0.628 105.998 0.781
201903 1.136 107.251 1.396
201906 1.537 108.070 1.874
201909 1.909 108.329 2.322
201912 0.652 108.420 0.792
202003 1.320 108.902 1.597
202006 1.670 108.767 2.023
202009 1.595 109.815 1.914
202012 0.420 109.897 0.504
202103 1.982 111.754 2.337
202106 1.558 114.631 1.791
202109 2.459 115.734 2.800
202112 0.374 117.630 0.419
202203 1.989 121.301 2.161
202206 2.219 125.017 2.339
202209 2.304 125.227 2.425
202212 0.916 125.222 0.964
202303 2.133 127.348 2.207
202306 1.907 128.729 1.952
202309 2.650 129.860 2.689
202312 0.811 129.419 0.826
202403 2.437 131.776 2.437

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.


EastGroup Properties  (NYSE:EGP) 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.


EastGroup Properties Cyclically Adjusted Price-to-FCF Related Terms

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


EastGroup Properties (EastGroup Properties) Business Description

Industry
Traded in Other Exchanges
Address
400 West Parkway Place, Suite 100, Ridgeland, MS, USA, 39157
EastGroup Properties Inc is an equity real estate investment trust. It is engaged in the development, acquisition, and operation of industrial properties in major Sunbelt markets throughout the United States, primarily in the states of Florida, Texas, Arizona, California, and North Carolina. The company manages a portfolio of industrial properties. The vast majority of these properties are multi-tenant business distribution buildings that provide large warehousing and office space for customers. Properties located in Texas and Florida account for most of EastGroup's total real estate portfolio. The company derives its revenue in the form of rental income.
Executives
John F Coleman officer: Executive Vice President 7003 PRESIDENTS DRIVE, STE 800, ORLANDO FL 32701
Richard Reid Dunbar officer: Senior Vice President 190 EAST CAPITOL STREET, SUITE 400, JACKSON MS 39201
Eaves Hayden C Iii director 201 S LAKE AVE, STE 501, PASADENA CA 91101
David Michael Fields director 34 OAK TRAIL COURT, ALAMO CA 94507
Staci H. Tyler officer: Senior VP, CAO and Secretary EASTGROUP PROPERTIES, INC., 400 W. PARKWAY PLACE, SUITE 100, RIDGELAND MS 39157
Leland R Speed director
Hoster David H Ii director 188 EAST CAPITAL STREET, 300MONE JACKSON PLACE, JACKSON MS 39201
Katherine M Sandstrom director 4600 SOUTH SYRACUSE STREET, SUITE 500, DENVER CO 80237
Bailey H C Jr director 1052 HIGHLAND COLONY PARKWAY, STE 202, RIDGELAND MS 39157
Brent Wood officer: Executive Vice President & CFO 188 E CAPITOL ST, 300 ONE JACKSON PL, JACKSON MS 39201
Donald F Colleran director 942 SOUTH SHADY GROVE ROAD, MEMPHIS TN 38117
D Pike Aloian director C/O ROTHSCHILD REALTY INC, 1251 AVENUEOF THE AMERICAS, NEW YORK NY 10020
Mary E Mccormick director 188 E. CAPITOL STREET, 300 ONE JACKSON PLACE, JACKSON MS 39201
Bolton H Eric Jr director
Marshall A Loeb director, officer: President and CEO C/O EASTGROUP PROPERTIES, INC., 190 EAST CAPITOL STREET, JACKSON MS 39201