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Host Hotels & Resorts (Host Hotels & Resorts) Cyclically Adjusted Price-to-FCF : 22.72 (As of Apr. 28, 2024)


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What is Host Hotels & Resorts Cyclically Adjusted Price-to-FCF?

As of today (2024-04-28), Host Hotels & Resorts's current share price is $18.86. Host Hotels & Resorts's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was $0.83. Host Hotels & Resorts's Cyclically Adjusted Price-to-FCF for today is 22.72.

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

HST' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 11.47   Med: 27.19   Max: 51.75
Current: 22.69

During the past years, Host Hotels & Resorts's highest Cyclically Adjusted Price-to-FCF was 51.75. The lowest was 11.47. And the median was 27.19.

HST's Cyclically Adjusted Price-to-FCF is ranked worse than
76.41% of 390 companies
in the REITs industry
Industry Median: 11.545 vs HST: 22.69

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.

Host Hotels & Resorts's adjusted free cash flow per share data for the three months ended in Dec. 2023 was $0.187. 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 $0.83 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Host Hotels & Resorts Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Host Hotels & Resorts'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.

Host Hotels & Resorts Cyclically Adjusted Price-to-FCF Chart

Host Hotels & Resorts 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 23.75 22.80 26.94 20.30 23.42

Host Hotels & Resorts 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 20.30 20.16 19.81 18.76 23.42

Competitive Comparison of Host Hotels & Resorts's Cyclically Adjusted Price-to-FCF

For the REIT - Hotel & Motel subindustry, Host Hotels & Resorts'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.


Host Hotels & Resorts's Cyclically Adjusted Price-to-FCF Distribution in the REITs Industry

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

* The bar in red indicates where Host Hotels & Resorts's Cyclically Adjusted Price-to-FCF falls into.



Host Hotels & Resorts 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.

Host Hotels & Resorts's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=18.86/0.83
=22.72

* 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.

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

For example, Host Hotels & Resorts'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)
=0.187/129.4194*129.4194
=0.187

Current CPI (Dec. 2023) = 129.4194.

Host Hotels & Resorts Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 0.103 99.695 0.134
201406 0.331 100.560 0.426
201409 0.193 100.428 0.249
201412 0.267 99.070 0.349
201503 -0.045 99.621 -0.058
201506 0.321 100.684 0.413
201509 0.125 100.392 0.161
201512 0.253 99.792 0.328
201603 0.068 100.470 0.088
201606 0.339 101.688 0.431
201609 0.267 101.861 0.339
201612 0.381 101.863 0.484
201703 0.179 102.862 0.225
201706 0.460 103.349 0.576
201709 0.253 104.136 0.314
201712 0.397 104.011 0.494
201803 0.180 105.290 0.221
201806 0.434 106.317 0.528
201809 0.226 106.507 0.275
201812 0.276 105.998 0.337
201903 0.131 107.251 0.158
201906 0.388 108.070 0.465
201909 0.190 108.329 0.227
201912 0.237 108.420 0.283
202003 0.037 108.902 0.044
202006 -0.484 108.767 -0.576
202009 -0.330 109.815 -0.389
202012 -0.366 109.897 -0.431
202103 -0.201 111.754 -0.233
202106 -0.110 114.631 -0.124
202109 0.007 115.734 0.008
202112 0.112 117.630 0.123
202203 0.194 121.301 0.207
202206 0.459 125.017 0.475
202209 0.322 125.227 0.333
202212 0.297 125.222 0.307
202303 0.227 127.348 0.231
202306 0.470 128.729 0.473
202309 0.232 129.860 0.231
202312 0.187 129.419 0.187

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.


Host Hotels & Resorts  (NAS:HST) 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.


Host Hotels & Resorts Cyclically Adjusted Price-to-FCF Related Terms

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


Host Hotels & Resorts (Host Hotels & Resorts) Business Description

Industry
Traded in Other Exchanges
Address
4747 Bethesda Avenue, Suite 1300, Bethesda, MD, USA, 20814
Host Hotels & Resorts owns 77 predominantly urban and resort upper-upscale and luxury hotel properties representing nearly 42,000 rooms, mainly in the United States. Host recently sold off the company's interests in a joint venture owning a portfolio of hotels throughout Europe and also sold other joint ventures that owned properties in Asia and the United States. The majority of Host's portfolio operates under the Marriott and Starwood brands.
Executives
Sourav Ghosh officer: SVP, Business Intelligence, other: SVP, Business Intelligence 6903 ROCKLEDGE DRIVE, 15TH FLOOR, BETHESDA MD 20817
Nathan S Tyrrell officer: VP, Corp Finance & Asst Treas. 6903 ROCKLEDGE DRIVE, SUITE 1500, BETHESDA MD 20817
James F Risoleo officer: Executive Vice President
Mary Baglivo director C/O SAATCHI & SAATCHI, 17 HUDSON STREET, NEW YORK NY 10014
Walter C Rakowich director 14100 E 35TH PL, AURORA CO 80011
Mari Sifo officer: Executive Vice President and 4747 BETHESDA AVENUE, SUITE 1300, BETHESDA MD 20814
Diana Laing director THE MACERICH COMPANY, 401 WILSHIRE BVLD., STE. 700, SANTA MONICA CA 90401
Herman E Bulls director JONES LANG LASALLE, 1801 K STREET NW SUITE 1000, WASHINGTON DC 20006
Joanne G. Hamilton officer: Executive Vice President 6903 ROCKLEDGE DRIVE, SUITE 1500, BETHESDA MD 20817
Joseph Ottinger officer: See Remarks 4747 BETHESDA AVENUE, 13TH FLOOR, BETHESDA MD 20814
Brian G Macnamara officer: Sr. Vice President, Controller 6903 ROCKLEDGE DRIVE, 15TH FLOOR, BETHESDA MD 20817
Bair Sheila Colleen director 6903 ROCKLEDGE DRIVE, SUITE 1500, BETHESDA MD 20817
Richard E Marriott director, officer: Chairman of the Board 10400 FERNWOOD ROAD, BETHESDA MD 20817
Julie P Aslaksen officer: EVP, General Counsel & Sec. 4747 BETHESDA AVENUE, SUITE 1300, BETHESDA MD 20814
Michael E Lentz officer: Mng. Dir. - Global Development, other: Mng. Dir. - Global Development 6903 ROCKLEDGE DRIVE, SUITE 1500, BETHESDA MD 20817

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