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Pera Gayrimenkul Yatirim Ortakligi AS (IST:PEGYO) Cyclically Adjusted Price-to-FCF : 291.50 (As of May. 15, 2024)


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What is Pera Gayrimenkul Yatirim Ortakligi AS Cyclically Adjusted Price-to-FCF?

As of today (2024-05-15), Pera Gayrimenkul Yatirim Ortakligi AS's current share price is ₺23.32. Pera Gayrimenkul Yatirim Ortakligi AS's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2022 was ₺0.08. Pera Gayrimenkul Yatirim Ortakligi AS's Cyclically Adjusted Price-to-FCF for today is 291.50.

The historical rank and industry rank for Pera Gayrimenkul Yatirim Ortakligi AS's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

IST:PEGYO's Cyclically Adjusted Price-to-FCF is not ranked *
in the REITs industry.
Industry Median: 11.63
* Ranked among companies with meaningful Cyclically Adjusted Price-to-FCF only.

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.

Pera Gayrimenkul Yatirim Ortakligi AS's adjusted free cash flow per share data for the three months ended in Dec. 2022 was ₺-0.024. 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 ₺0.08 for the trailing ten years ended in Dec. 2022.

Shiller PE for Stocks: The True Measure of Stock Valuation


Pera Gayrimenkul Yatirim Ortakligi AS Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Pera Gayrimenkul Yatirim Ortakligi AS'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.

Pera Gayrimenkul Yatirim Ortakligi AS Cyclically Adjusted Price-to-FCF Chart

Pera Gayrimenkul Yatirim Ortakligi AS Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only - 12.41 28.67 13.62 71.85

Pera Gayrimenkul Yatirim Ortakligi AS Quarterly Data
Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22
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 13.62 13.49 18.80 - 71.85

Competitive Comparison of Pera Gayrimenkul Yatirim Ortakligi AS's Cyclically Adjusted Price-to-FCF

For the REIT - Diversified subindustry, Pera Gayrimenkul Yatirim Ortakligi AS'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.


Pera Gayrimenkul Yatirim Ortakligi AS's Cyclically Adjusted Price-to-FCF Distribution in the REITs Industry

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

* The bar in red indicates where Pera Gayrimenkul Yatirim Ortakligi AS's Cyclically Adjusted Price-to-FCF falls into.



Pera Gayrimenkul Yatirim Ortakligi AS 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.

Pera Gayrimenkul Yatirim Ortakligi AS's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=23.32/0.08
=291.50

* 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.

Pera Gayrimenkul Yatirim Ortakligi AS's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2022 is calculated as:

For example, Pera Gayrimenkul Yatirim Ortakligi AS's adjusted Free Cash Flow per Share data for the three months ended in Dec. 2022 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Dec. 2022 (Change)*Current CPI (Dec. 2022)
=-0.024/125.2218*125.2218
=-0.024

Current CPI (Dec. 2022) = 125.2218.

Pera Gayrimenkul Yatirim Ortakligi AS Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201303 0.153 98.209 0.195
201306 0.047 98.518 0.060
201309 0.014 98.790 0.018
201312 -0.011 98.326 -0.014
201403 -0.011 99.695 -0.014
201406 0.039 100.560 0.049
201409 0.035 100.428 0.044
201412 0.232 99.070 0.293
201503 0.016 99.621 0.020
201506 0.012 100.684 0.015
201509 0.017 100.392 0.021
201512 -0.059 99.792 -0.074
201603 0.000 100.470 0.000
201606 -0.028 101.688 -0.034
201609 0.010 101.861 0.012
201612 -0.016 101.863 -0.020
201703 -0.019 102.862 -0.023
201706 -0.010 103.349 -0.012
201709 -0.006 104.136 -0.007
201712 0.082 104.011 0.099
201803 0.010 105.290 0.012
201806 0.013 106.317 0.015
201809 -0.002 106.507 -0.002
201812 0.056 105.998 0.066
201903 0.005 107.251 0.006
201906 -0.008 108.070 -0.009
201909 -0.004 108.329 -0.005
201912 0.043 108.420 0.050
202003 0.007 108.902 0.008
202006 -0.007 108.767 -0.008
202009 0.019 109.815 0.022
202012 0.006 109.897 0.007
202103 -0.018 111.754 -0.020
202106 -0.008 114.631 -0.009
202109 -0.005 115.734 -0.005
202112 -0.006 117.630 -0.006
202203 -0.001 121.301 -0.001
202206 0.005 125.017 0.005
202209 0.000 125.227 0.000
202212 -0.024 125.222 -0.024

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.


Pera Gayrimenkul Yatirim Ortakligi AS  (IST:PEGYO) 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.


Pera Gayrimenkul Yatirim Ortakligi AS Cyclically Adjusted Price-to-FCF Related Terms

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


Pera Gayrimenkul Yatirim Ortakligi AS (IST:PEGYO) Business Description

Traded in Other Exchanges
N/A
Address
Rihtim Cad. No: 51 Karakoy, Istanbul, TUR, 34425
Pera Gayrimenkul Yatirim Ortakligi A.S. is a real estate investment trust. Its main activity is investing in real estate development and real estate-based capital market instruments.

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