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Digital Realty Trust (FRA:FQI) Cyclically Adjusted Price-to-FCF : 20.61 (As of Apr. 28, 2024)


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What is Digital Realty Trust Cyclically Adjusted Price-to-FCF?

As of today (2024-04-28), Digital Realty Trust's current share price is €133.32. Digital Realty Trust's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was €6.47. Digital Realty Trust's Cyclically Adjusted Price-to-FCF for today is 20.61.

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

FRA:FQI' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 12.57   Med: 28.11   Max: 3766.67
Current: 20.12

During the past years, Digital Realty Trust's highest Cyclically Adjusted Price-to-FCF was 3766.67. The lowest was 12.57. And the median was 28.11.

FRA:FQI's Cyclically Adjusted Price-to-FCF is ranked worse than
71.54% of 390 companies
in the REITs industry
Industry Median: 11.545 vs FRA:FQI: 20.12

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.

Digital Realty Trust's adjusted free cash flow per share data for the three months ended in Dec. 2023 was €1.341. 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 €6.47 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Digital Realty Trust Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Digital Realty Trust'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.

Digital Realty Trust Cyclically Adjusted Price-to-FCF Chart

Digital Realty Trust 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 46.86 27.43 26.79 14.33 18.96

Digital Realty Trust 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 14.33 13.77 15.86 16.85 18.96

Competitive Comparison of Digital Realty Trust's Cyclically Adjusted Price-to-FCF

For the REIT - Specialty subindustry, Digital Realty 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.


Digital Realty Trust's Cyclically Adjusted Price-to-FCF Distribution in the REITs Industry

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

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



Digital Realty Trust 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.

Digital Realty Trust's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=133.32/6.47
=20.61

* 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.

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

For example, Digital Realty Trust'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)
=1.341/129.4194*129.4194
=1.341

Current CPI (Dec. 2023) = 129.4194.

Digital Realty Trust Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 0.652 99.695 0.846
201406 1.092 100.560 1.405
201409 0.898 100.428 1.157
201412 1.093 99.070 1.428
201503 0.943 99.621 1.225
201506 1.411 100.684 1.814
201509 1.186 100.392 1.529
201512 1.624 99.792 2.106
201603 1.100 100.470 1.417
201606 1.301 101.688 1.656
201609 1.374 101.861 1.746
201612 1.686 101.863 2.142
201703 1.277 102.862 1.607
201706 1.652 103.349 2.069
201709 0.800 104.136 0.994
201712 1.399 104.011 1.741
201803 0.931 105.290 1.144
201806 1.807 106.317 2.200
201809 1.495 106.507 1.817
201812 1.492 105.998 1.822
201903 1.488 107.251 1.796
201906 2.014 108.070 2.412
201909 1.232 108.329 1.472
201912 1.720 108.420 2.053
202003 0.914 108.902 1.086
202006 1.593 108.767 1.895
202009 1.472 109.815 1.735
202012 1.538 109.897 1.811
202103 0.977 111.754 1.131
202106 1.536 114.631 1.734
202109 1.197 115.734 1.339
202112 1.404 117.630 1.545
202203 0.885 121.301 0.944
202206 1.679 125.017 1.738
202209 1.429 125.227 1.477
202212 1.395 125.222 1.442
202303 1.078 127.348 1.096
202306 1.397 128.729 1.404
202309 1.079 129.860 1.075
202312 1.341 129.419 1.341

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.


Digital Realty Trust  (FRA:FQI) 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.


Digital Realty Trust Cyclically Adjusted Price-to-FCF Related Terms

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


Digital Realty Trust (FRA:FQI) Business Description

Industry
Address
5707 Southwest Parkway, Building 1, Suite 275, Austin, TX, USA, 78735
Digital Realty owns and operates over 300 data centers worldwide. It has nearly 40 million rentable square feet across five continents. Digital's offerings range from retail co-location, where an enterprise may rent a single cabinet and rely on Digital to provide all the accommodations, to "cold shells," where hyperscale cloud service providers can simply rent much, or all, of a barren, power-connected building. In recent years, Digital Realty has de-emphasized cold shells and now primarily provides higher-level service to tenants, which outsource their related IT needs to Digital. Digital Realty has also moved more into the co-location business, increasingly serving enterprises and facilitating network and cloud connections. Digital Realty operates as a real estate investment trust.

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