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Mitsubishi Estate Co (TSE:8802) Cyclically Adjusted Price-to-FCF : (As of Jun. 02, 2024)


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What is Mitsubishi Estate Co Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Mitsubishi Estate Co Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Mitsubishi Estate Co'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.

Mitsubishi Estate Co Cyclically Adjusted Price-to-FCF Chart

Mitsubishi Estate Co Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Cyclically Adjusted Price-to-FCF
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Mitsubishi Estate Co Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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Competitive Comparison of Mitsubishi Estate Co's Cyclically Adjusted Price-to-FCF

For the Real Estate - Diversified subindustry, Mitsubishi Estate Co'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.


Mitsubishi Estate Co's Cyclically Adjusted Price-to-FCF Distribution in the Real Estate Industry

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

* The bar in red indicates where Mitsubishi Estate Co's Cyclically Adjusted Price-to-FCF falls into.



Mitsubishi Estate Co 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.

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

For example, Mitsubishi Estate Co'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)
=65.987/107.2000*107.2000
=65.987

Current CPI (Mar. 2024) = 107.2000.

Mitsubishi Estate Co Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -85.304 98.000 -93.312
201409 32.015 98.500 34.843
201412 16.248 97.900 17.791
201503 53.444 97.900 58.521
201506 -49.641 98.400 -54.080
201509 51.669 98.500 56.233
201512 -70.441 98.100 -76.975
201603 -32.130 97.900 -35.182
201606 -93.740 98.100 -102.436
201609 21.042 98.000 23.017
201612 1.804 98.400 1.965
201703 -6.076 98.100 -6.640
201706 -23.170 98.500 -25.216
201709 -24.416 98.800 -26.492
201712 0.259 99.400 0.279
201803 50.029 99.200 54.064
201806 -42.324 99.200 -45.737
201809 38.641 99.900 41.465
201812 -8.284 99.700 -8.907
201903 55.796 99.700 59.993
201906 2.342 99.800 2.516
201909 -63.699 100.100 -68.217
201912 -29.400 100.500 -31.360
202003 99.662 100.300 106.518
202006 -64.792 99.900 -69.527
202009 9.609 99.900 10.311
202012 -44.341 99.300 -47.869
202103 15.541 99.900 16.677
202106 -53.635 99.500 -57.786
202109 -27.838 100.100 -29.813
202112 49.573 100.100 53.089
202203 -4.555 101.100 -4.830
202206 -75.139 101.800 -79.125
202209 -26.625 103.100 -27.684
202212 -23.062 104.100 -23.749
202303 113.838 104.400 116.891
202306 -58.259 105.200 -59.367
202309 -18.630 106.200 -18.805
202312 -101.502 106.800 -101.882
202403 65.987 107.200 65.987

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.


Mitsubishi Estate Co  (TSE:8802) 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.


Mitsubishi Estate Co Cyclically Adjusted Price-to-FCF Related Terms

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Mitsubishi Estate Co (TSE:8802) Business Description

Traded in Other Exchanges
Address
Otemachi 1-chome, Otemachi Park Building, 1-1, Chiyoda-ku, Tokyo, JPN, 100-8133
Mitsubishi Estate is one of the three big Japanese real estate companies. Around two thirds of its operating profit comes from leasing office space in Japan, where half of its portfolio is concentrated in the prime Marunouchi/Otemachi district between Tokyo station and the Imperial Palace. Mitsubishi Estate's predecessor originally bought this land from the government in 1890, and the company sees itself as steward of the showcase area's long-term development, rarely if ever selling any properties there.

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