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As of today (2024-04-29), Paramount Group's current share price is $4.735. Paramount Group's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was $0.92. Paramount Group's Cyclically Adjusted Price-to-FCF for today is 5.15.
The historical rank and industry rank for Paramount Group's Cyclically Adjusted Price-to-FCF or its related term are showing as below:
During the past years, Paramount Group's highest Cyclically Adjusted Price-to-FCF was 8.08. The lowest was 4.74. And the median was 5.38.
PGRE's Cyclically Adjusted Price-to-FCF is ranked better thanThe 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 Dec. 2023 was $0.471. 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 $0.92 for the trailing ten years ended in Dec. 2023.
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.
Paramount Group 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 | 6.98 | 5.24 | 4.94 | 5.14 | 5.61 |
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.
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.
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 |
= | 4.735 | / | 0.92 | |
= | 5.15 |
* 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 Dec. 2023 is calculated as:
For example, Paramount Group'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) |
= | 0.471 | / | 129.4194 | * | 129.4194 | |
= | 0.471 |
Current CPI (Dec. 2023) = 129.4194.
Paramount Group Quarterly Data
Free Cash Flow per Share | CPI | Adj_FreeCashFlowPerShare | |
201403 | -0.650 | 99.695 | -0.844 |
201406 | -0.016 | 100.560 | -0.021 |
201409 | 0.633 | 100.428 | 0.816 |
201412 | 0.000 | 99.070 | 0.000 |
201503 | -0.003 | 99.621 | -0.004 |
201506 | 0.297 | 100.684 | 0.382 |
201509 | -0.019 | 100.392 | -0.024 |
201512 | -0.354 | 99.792 | -0.459 |
201603 | 0.386 | 100.470 | 0.497 |
201606 | 0.230 | 101.688 | 0.293 |
201609 | -0.282 | 101.861 | -0.358 |
201612 | 0.350 | 101.863 | 0.445 |
201703 | 0.176 | 102.862 | 0.221 |
201706 | 0.163 | 103.349 | 0.204 |
201709 | 0.096 | 104.136 | 0.119 |
201712 | 0.367 | 104.011 | 0.457 |
201803 | 0.148 | 105.290 | 0.182 |
201806 | 0.295 | 106.317 | 0.359 |
201809 | 0.115 | 106.507 | 0.140 |
201812 | 0.094 | 105.998 | 0.115 |
201903 | 0.405 | 107.251 | 0.489 |
201906 | 0.053 | 108.070 | 0.063 |
201909 | 0.432 | 108.329 | 0.516 |
201912 | 0.347 | 108.420 | 0.414 |
202003 | 0.118 | 108.902 | 0.140 |
202006 | 0.344 | 108.767 | 0.409 |
202009 | 0.165 | 109.815 | 0.194 |
202012 | 0.446 | 109.897 | 0.525 |
202103 | 0.267 | 111.754 | 0.309 |
202106 | 0.348 | 114.631 | 0.393 |
202109 | 0.245 | 115.734 | 0.274 |
202112 | 0.257 | 117.630 | 0.283 |
202203 | 0.268 | 121.301 | 0.286 |
202206 | 0.325 | 125.017 | 0.336 |
202209 | 0.193 | 125.227 | 0.199 |
202212 | 0.330 | 125.222 | 0.341 |
202303 | 0.268 | 127.348 | 0.272 |
202306 | 0.369 | 128.729 | 0.371 |
202309 | 0.173 | 129.860 | 0.172 |
202312 | 0.471 | 129.419 | 0.471 |
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.
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.
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.
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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