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Global Medical REIT (Global Medical REIT) Cyclically Adjusted Price-to-FCF : (As of Apr. 27, 2024)


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What is Global Medical REIT Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Global Medical REIT Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Global Medical REIT'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.

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Global Medical REIT Cyclically Adjusted Price-to-FCF Chart

Global Medical REIT Annual Data
Trend Aug14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
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Global Medical REIT Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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Competitive Comparison of Global Medical REIT's Cyclically Adjusted Price-to-FCF

For the REIT - Healthcare Facilities subindustry, Global Medical REIT'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.


Global Medical REIT's Cyclically Adjusted Price-to-FCF Distribution in the REITs Industry

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

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



Global Medical REIT 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.

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

For example, Global Medical REIT'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)
=0.218/129.4194*129.4194
=0.218

Current CPI (Dec. 2023) = 129.4194.

Global Medical REIT Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201402 0.000 99.057 0.000
201405 -0.250 100.373 -0.322
201408 -0.816 100.352 -1.052
201411 0.520 99.635 0.675
201503 -0.556 99.621 -0.722
201506 0.516 100.684 0.663
201509 -0.276 100.392 -0.356
201512 -0.516 99.792 -0.669
201603 -62.499 100.470 -80.507
201606 0.638 101.688 0.812
201609 -1.877 101.861 -2.385
201612 -4.650 101.863 -5.908
201703 -5.958 102.862 -7.496
201706 -2.167 103.349 -2.714
201709 -2.880 104.136 -3.579
201712 -1.594 104.011 -1.983
201803 -2.608 105.290 -3.206
201806 -2.496 106.317 -3.038
201809 -0.293 106.507 -0.356
201812 -1.830 105.998 -2.234
201903 -0.537 107.251 -0.648
201906 -2.439 108.070 -2.921
201909 -1.580 108.329 -1.888
201912 -1.722 108.420 -2.056
202003 -1.277 108.902 -1.518
202006 0.085 108.767 0.101
202009 -1.414 109.815 -1.666
202012 -1.349 109.897 -1.589
202103 -0.540 111.754 -0.625
202106 -0.904 114.631 -1.021
202109 -0.497 115.734 -0.556
202112 -0.264 117.630 -0.290
202203 -0.132 121.301 -0.141
202206 -0.808 125.017 -0.836
202209 -0.527 125.227 -0.545
202212 0.250 125.222 0.258
202303 0.228 127.348 0.232
202306 0.243 128.729 0.244
202309 0.202 129.860 0.201
202312 0.218 129.419 0.218

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.


Global Medical REIT  (NYSE:GMRE) 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.


Global Medical REIT Cyclically Adjusted Price-to-FCF Related Terms

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Global Medical REIT (Global Medical REIT) Business Description

Industry
Traded in Other Exchanges
Address
7373 Wisconsin Avenue, Suite 800, Bethesda, MD, USA, 20814
Global Medical REIT Inc is a Maryland corporation engaged primarily in the acquisition of purpose-built healthcare facilities and the leasing of those facilities to strong healthcare systems and physician groups. Its healthcare facilities are located in secondary markets and suburbs of primary markets and are typically leased to single-tenants under triple-net leases. Its tenants are physician groups, regional or national healthcare systems or combinations thereof. The company's principal business objective is to provide attractive, risk-adjusted returns to its stockholders through a combination of reliable dividends and long-term capital appreciation.
Executives
Moore Roscoe M Jr director C/O HEMOBIOTECH, INC., 5001 SPRING VALLEY ROAD, SUITE 1040 WEST, DALLAS TX 75244
Henry Cole director 4800 MONTGOMERY LANE SUITE 450, BETHESDA MD 20814
Jeffrey Busch director, officer: Chairman, President and CEO 7373 WISCONSIN AVENUE, SUITE 800, BETHESDA MD 20814
Lori Wittman director 191 NORTH WACKER DRIVE, SUITE 1200, CHICAGO IL 60606
Matthew Cypher director 4800 MONTGOMERY LANE SUITE 450, BETHESDA MD 20814
Paula Crowley director 2 BETHESDA METRO CENTER, SUITE 440, BETHESDA MD 20814
Ronald Marston director 4800 MONTGOMERY LANE SUITE 450, BETHESDA MD 20814
Robert J Kiernan officer: Chief Financial Officer 7373 WISCONSIN AVENUE, SUITE 800, BETHESDA MD 20814
Alfonzo Leon officer: Chief Investment Officer 7373 WISCONSIN AVENUE, SUITE 800, BETHESDA MD 20814
Danica Holley officer: Chief Operating Officer 7373 WISCONSIN AVENUE, SUITE 800, BETHESDA MD 20814
Jamie Allen Barber officer: Secretary and General Counsel 7373 WISCONSIN AVENUE, SUITE 800, BETHESDA MD 20814
Allen Webb officer: SVP 4800 MONTGOMERY LANE SUITE 450, BETHESDA MD 20814
Huiqi Zhang director, 10 percent owner 40-44 WYNDHAM STREET, 24/F WYNDHAM PLACE, HONG KONG K3 00000
Notable Reward Ltd 10 percent owner VISTRA CORPORATE SERVICES CENTRE, WICKHAMS CAY II, ROAD TOWN TORTOLA D8 VG1110
Superior Glory Enterprises Ltd. 10 percent owner VISTRA CORPORATE SERVICES CENTRE, WICKHAMS CAY II, ROAD TOWN TORTOLA D8 VG1110