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NEUBERGER BERMAN REAL ESTATE SECURITIESOME FUND (NEUBERGER BERMAN REAL ESTATE SECURITIESOME FUND) Cyclically Adjusted Price-to-FCF : 4.39 (As of Apr. 27, 2024)


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What is NEUBERGER BERMAN REAL ESTATE SECURITIESOME FUND Cyclically Adjusted Price-to-FCF?

As of today (2024-04-27), NEUBERGER BERMAN REAL ESTATE SECURITIESOME FUND's current share price is $3.16. NEUBERGER BERMAN REAL ESTATE SECURITIESOME FUND's Cyclically Adjusted FCF per Share for the fiscal year that ended in Oct22 was $0.72. NEUBERGER BERMAN REAL ESTATE SECURITIESOME FUND's Cyclically Adjusted Price-to-FCF for today is 4.39.

The historical rank and industry rank for NEUBERGER BERMAN REAL ESTATE SECURITIESOME FUND's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

NRO' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 3.49   Med: 6.09   Max: 10.61
Current: 4.33

During the past 13 years, NEUBERGER BERMAN REAL ESTATE SECURITIESOME FUND's highest Cyclically Adjusted Price-to-FCF was 10.61. The lowest was 3.49. And the median was 6.09.

NRO's Cyclically Adjusted Price-to-FCF is ranked better than
86.79% of 507 companies
in the Asset Management industry
Industry Median: 20.19 vs NRO: 4.33

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.

NEUBERGER BERMAN REAL ESTATE SECURITIESOME FUND's adjusted free cash flow per share data of for the fiscal year that ended in Oct22 was $0.584. 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 $0.72 for the trailing ten years ended in Oct22.

Shiller PE for Stocks: The True Measure of Stock Valuation


NEUBERGER BERMAN REAL ESTATE SECURITIESOME FUND Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for NEUBERGER BERMAN REAL ESTATE SECURITIESOME FUND'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.

NEUBERGER BERMAN REAL ESTATE SECURITIESOME FUND Cyclically Adjusted Price-to-FCF Chart

NEUBERGER BERMAN REAL ESTATE SECURITIESOME FUND Annual Data
Trend Oct13 Oct14 Oct15 Oct16 Oct17 Oct18 Oct19 Oct20 Oct21 Oct22
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only - 9.83 5.00 7.62 4.67

NEUBERGER BERMAN REAL ESTATE SECURITIESOME FUND Semi-Annual Data
Oct13 Apr14 Oct14 Apr15 Oct15 Apr16 Oct16 Apr17 Oct17 Apr18 Oct18 Apr19 Oct19 Apr20 Oct20 Apr21 Oct21 Apr22 Oct22 Apr23
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 - 7.62 - 4.67 -

Competitive Comparison of NEUBERGER BERMAN REAL ESTATE SECURITIESOME FUND's Cyclically Adjusted Price-to-FCF

For the Asset Management subindustry, NEUBERGER BERMAN REAL ESTATE SECURITIESOME FUND'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.


NEUBERGER BERMAN REAL ESTATE SECURITIESOME FUND's Cyclically Adjusted Price-to-FCF Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, NEUBERGER BERMAN REAL ESTATE SECURITIESOME FUND's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where NEUBERGER BERMAN REAL ESTATE SECURITIESOME FUND's Cyclically Adjusted Price-to-FCF falls into.



NEUBERGER BERMAN REAL ESTATE SECURITIESOME FUND 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.

NEUBERGER BERMAN REAL ESTATE SECURITIESOME FUND's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=3.16/0.72
=4.39

* 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.

NEUBERGER BERMAN REAL ESTATE SECURITIESOME FUND's Cyclically Adjusted FCF per Share for the fiscal year that ended in Oct22 is calculated as:

For example, NEUBERGER BERMAN REAL ESTATE SECURITIESOME FUND's adjusted Free Cash Flow per Share data for the fiscal year that ended in Oct22 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Oct22 (Change)*Current CPI (Oct22)
=0.584/125.7344*125.7344
=0.584

Current CPI (Oct22) = 125.7344.

NEUBERGER BERMAN REAL ESTATE SECURITIESOME FUND Annual Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201310 0.241 98.536 0.308
201410 -0.055 100.176 -0.069
201510 0.336 100.346 0.421
201610 0.396 101.988 0.488
201710 1.581 104.070 1.910
201810 1.071 106.695 1.262
201910 0.478 108.577 0.554
202010 1.643 109.861 1.880
202110 -0.137 116.696 -0.148
202210 0.584 125.734 0.584

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.


NEUBERGER BERMAN REAL ESTATE SECURITIESOME FUND  (AMEX:NRO) 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.


NEUBERGER BERMAN REAL ESTATE SECURITIESOME FUND Cyclically Adjusted Price-to-FCF Related Terms

Thank you for viewing the detailed overview of NEUBERGER BERMAN REAL ESTATE SECURITIESOME FUND's Cyclically Adjusted Price-to-FCF provided by GuruFocus.com. Please click on the following links to see related term pages.


NEUBERGER BERMAN REAL ESTATE SECURITIESOME FUND (NEUBERGER BERMAN REAL ESTATE SECURITIESOME FUND) Business Description

Traded in Other Exchanges
N/A
Address
c/o Neuberger Berman Investment Advisers LLC, 1290 Avenue of the Americas, New York, NY, USA, 10104-0002
NEUBERGER BERMAN REAL ESTATE SECURITIES INCOME FUND INC is a closed-end management investment company that invests mainly in securities issued by real estate companies, including real estate investment trusts (REITs). Its primary objective is to gain high current income with capital appreciation being the second. The fund invests in sectors, such as apartments, Data Centers, Infrastructure REITs, Manufactured Homes, Office, Regional Malls and others.
Executives
Franklyn E. Smith director C/O NEUBERGER BERMAN INVESTMENT ADVISERS, 1290 AVENUE OF THE AMERICAS, NEW YORK NY 10104-0002
Ami Kaplan director C/O NEUBERGER BERMAN INVESTMENT ADVISERS, 1290 AVENUE OF THE AMERICAS, NEW YORK NY 10104-0002
Faith Colish director C/O NEUBERGER BERMAN MANAGEMENT INC, 605 THIRD AVE, NEW YORK NY 10158-0180
Investors, Llp Bulldog 10 percent owner PARK 80 WEST - PLAZA TWO, 250 PEHLE AVE. SUITE 708, SADDLE BROOK NJ 07663
Steven Samuels 10 percent owner 72 COLEYTOWN ROAD, WESTPORT CT 06882
Phillip Goldstein 10 percent owner 60 HERITAGE DRIVE, PLEASANTVILLE NY 10570
Andrew Dakos 10 percent owner 250 PEHLE AVE., SUITE 708, SADDLE BROOK NJ 07663
James G. Stavridis director C/O NEUBERGER BERMAN MANAGEMENT LLC, 605 THIRD AVENUE, NEW YORK NY 10158-0180
Deborah C. Mclean director C/O NEUBERGER BERMAN MANAGEMENT LLC, 605 THIRD AVENUE, NEW YORK NY 10158-0180
Marc Gary director C/O NEUBERGER BERMAN MANAGEMENT LLC, 605 THIRD AVENUE, NEW YORK NY 10158-3698
Brian Patrick Kerrane officer: Chief Operating Officer C/O NEUBERGER BERMAN MANAGEMENT LLC, 605 THIRD AVENUE, NEW YORK NY 10158
Michael J. Cosgrove director C/O GAMCO INVESTORS, INC., ONE CORPORATE CENTER, RYE NY 10580
Peter P Trapp director C/O NEUBERGER BERMAN MANAGEMENT INC, 605 THIRD AVENUE 2ND FLOOR, NEW YORK NY 10158-0180
Jack L Rivkin director 1200 PROSPECT STREET, SUITE 400, LA JOLLA CA 92037
Sun Life Financial Inc 10 percent owner SUN LIFE ASSURANCE CO OF CANADA, ONE YORK STREET, TORONTO A6 M5J 0B6