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Paramount Group (Paramount Group) Cyclically Adjusted Price-to-FCF : 4.64 (As of May. 16, 2024)


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What is Paramount Group Cyclically Adjusted Price-to-FCF?

As of today (2024-05-16), Paramount Group's current share price is $4.83. Paramount Group's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was $1.04. Paramount Group's Cyclically Adjusted Price-to-FCF for today is 4.64.

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

PGRE' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 4.39   Med: 5.36   Max: 8.08
Current: 4.7

During the past years, Paramount Group's highest Cyclically Adjusted Price-to-FCF was 8.08. The lowest was 4.39. And the median was 5.36.

PGRE's Cyclically Adjusted Price-to-FCF is ranked better than
85.31% of 388 companies
in the REITs industry
Industry Median: 11.71 vs PGRE: 4.70

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.

Paramount Group's adjusted free cash flow per share data for the three months ended in Mar. 2024 was $0.322. 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 $1.04 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Paramount Group Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Paramount Group'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.

Paramount Group Cyclically Adjusted Price-to-FCF Chart

Paramount Group 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 - - - 6.98 5.61

Paramount Group Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 5.24 4.94 5.14 5.61 4.51

Competitive Comparison of Paramount Group's Cyclically Adjusted Price-to-FCF

For the REIT - Office subindustry, Paramount Group'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.


Paramount Group's Cyclically Adjusted Price-to-FCF Distribution in the REITs Industry

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

* The bar in red indicates where Paramount Group's Cyclically Adjusted Price-to-FCF falls into.



Paramount Group 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.

Paramount Group's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=4.83/1.04
=4.64

* 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.

Paramount Group's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Paramount Group's adjusted Free Cash Flow per Share data for the three months ended in Mar. 2024 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=0.322/131.7762*131.7762
=0.322

Current CPI (Mar. 2024) = 131.7762.

Paramount Group Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -0.016 100.560 -0.021
201409 0.633 100.428 0.831
201412 0.000 99.070 0.000
201503 -0.003 99.621 -0.004
201506 0.297 100.684 0.389
201509 -0.019 100.392 -0.025
201512 -0.354 99.792 -0.467
201603 0.386 100.470 0.506
201606 0.230 101.688 0.298
201609 -0.282 101.861 -0.365
201612 0.350 101.863 0.453
201703 0.176 102.862 0.225
201706 0.163 103.349 0.208
201709 0.096 104.136 0.121
201712 0.367 104.011 0.465
201803 0.148 105.290 0.185
201806 0.295 106.317 0.366
201809 0.115 106.507 0.142
201812 0.094 105.998 0.117
201903 0.405 107.251 0.498
201906 0.053 108.070 0.065
201909 0.432 108.329 0.526
201912 0.347 108.420 0.422
202003 0.118 108.902 0.143
202006 0.344 108.767 0.417
202009 0.165 109.815 0.198
202012 0.446 109.897 0.535
202103 0.267 111.754 0.315
202106 0.348 114.631 0.400
202109 0.245 115.734 0.279
202112 0.257 117.630 0.288
202203 0.268 121.301 0.291
202206 0.325 125.017 0.343
202209 0.193 125.227 0.203
202212 0.330 125.222 0.347
202303 0.268 127.348 0.277
202306 0.369 128.729 0.378
202309 0.173 129.860 0.176
202312 0.471 129.419 0.480
202403 0.322 131.776 0.322

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.


Paramount Group  (NYSE:PGRE) 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.


Paramount Group Cyclically Adjusted Price-to-FCF Related Terms

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


Paramount Group (Paramount Group) Business Description

Industry
Traded in Other Exchanges
Address
1633 Broadway, Suite 1801, New York, NY, USA, 10019
Paramount Group Inc is a real estate investment trust engaged in owning, operating, managing, acquiring, and redeveloping high-quality, Class A office properties in select central business district ("CBD") submarkets of New York City and San Francisco. The company operates in two geographical segments New York and San Francisco. Paramount Group derives nearly all of its revenue in the form of rental income from leasing its offices to tenants. The company's New York City assets generate the majority of its total revenue.
Executives
Albert P. Behler director, officer: Chairman, CEO and President PARAMOUNT GROUP, INC., 1633 BROADWAY, SUITE 1801, NEW YORK NY 10019
Gage R. Johnson officer: SVP, GC and Secretary PARAMOUNT GROUP, INC., 1633 BROADWAY, NEW YORK NY 10018
Thomas Armbrust director WERNER OTTO STRASSE 1-7, D-22179 HAMBURG 2M D-22179
Martin Bussmann director C/O PARAMOUNT GROUP, INC., 1633 BROADWAY, SUITE 1801, NEW YORK NY 10019
Paula Sutter director 969 BROADWAY, SUITE 200, OAKLAND CA 94607
Hitoshi Saito director PARAMOUNT GROUP, INC., 1633 BROADWAY, SUITE 1801, NEW YORK NY 10019
Ermelinda Berberi officer: See Remarks 1633 BROADWAY, SUITE 1801, NEW YORK NY 10019
Gregory S Wright director FOUR EMBARCADERO CENTER, SUITE 3200, SAN FRANCISCO CA 94111
Katharina Otto-bernstein director, 10 percent owner C/O KG CURA VERMOGENSVERWALTUNG G.M.B.H., WANDSBEKER STR. 3-7, HAMBURG 2M 22179
Alexander Otto 10 percent owner C/O KG CURA VERMOGENSVERWALTUNG G.M.B.H., WANDSBEKER STR. 3-7, HAMBURG 2M 22179
Maren Otto 10 percent owner WERNER-OTTO-STR. 1-7, HAMBURG 2M D-22179
Dyer Colin director JONES LANG LASALLE INCORPORATED, 200 EAST RANDOLPH DRIVE, CHICAGO IL 60601
David Zobel officer: See Remarks 144 E. 84TH STREET #6D, NEW YORK NY 10028
Mark R Patterson director 40 MINNISINK ROAD, SHORT HILLS NJ 07078
Brindley Peter R.c. officer: EVP, Leasing 1633 BROADWAY, SUITE 1801, NEW YORK NY 10019

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