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Braemar Hotels & Resorts (Braemar Hotels & Resorts) Cyclically Adjusted Price-to-FCF : 2.01 (As of May. 14, 2024)


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What is Braemar Hotels & Resorts Cyclically Adjusted Price-to-FCF?

As of today (2024-05-14), Braemar Hotels & Resorts's current share price is $2.93. Braemar Hotels & Resorts's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was $1.46. Braemar Hotels & Resorts's Cyclically Adjusted Price-to-FCF for today is 2.01.

The historical rank and industry rank for Braemar Hotels & Resorts's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

BHR' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 1.3   Med: 2.52   Max: 3.61
Current: 1.93

During the past years, Braemar Hotels & Resorts's highest Cyclically Adjusted Price-to-FCF was 3.61. The lowest was 1.30. And the median was 2.52.

BHR's Cyclically Adjusted Price-to-FCF is ranked better than
94.33% of 388 companies
in the REITs industry
Industry Median: 11.59 vs BHR: 1.93

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.

Braemar Hotels & Resorts's adjusted free cash flow per share data for the three months ended in Mar. 2024 was $0.134. 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 $1.46 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Braemar Hotels & Resorts Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Braemar Hotels & Resorts'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.

Braemar Hotels & Resorts Cyclically Adjusted Price-to-FCF Chart

Braemar Hotels & Resorts 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 - - - 2.70 1.76

Braemar Hotels & Resorts 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 2.52 2.70 1.93 1.76 1.37

Competitive Comparison of Braemar Hotels & Resorts's Cyclically Adjusted Price-to-FCF

For the REIT - Hotel & Motel subindustry, Braemar Hotels & Resorts'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.


Braemar Hotels & Resorts's Cyclically Adjusted Price-to-FCF Distribution in the REITs Industry

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

* The bar in red indicates where Braemar Hotels & Resorts's Cyclically Adjusted Price-to-FCF falls into.



Braemar Hotels & Resorts 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.

Braemar Hotels & Resorts's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=2.93/1.46
=2.01

* 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.

Braemar Hotels & Resorts's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Braemar Hotels & Resorts'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)
=0.134/129.4194*129.4194
=0.134

Current CPI (Mar. 2024) = 129.4194.

Braemar Hotels & Resorts Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.794 100.560 1.022
201409 0.507 100.428 0.653
201412 0.437 99.070 0.571
201503 -1.636 99.621 -2.125
201506 0.751 100.684 0.965
201509 0.501 100.392 0.646
201512 0.572 99.792 0.742
201603 0.428 100.470 0.551
201606 0.651 101.688 0.829
201609 0.404 101.861 0.513
201612 0.401 101.863 0.509
201703 0.167 102.862 0.210
201706 0.828 103.349 1.037
201709 0.509 104.136 0.633
201712 0.494 104.011 0.615
201803 0.125 105.290 0.154
201806 0.900 106.317 1.096
201809 0.444 106.507 0.540
201812 0.557 105.998 0.680
201903 -0.019 107.251 -0.023
201906 1.024 108.070 1.226
201909 0.510 108.329 0.609
201912 0.534 108.420 0.637
202003 -0.027 108.902 -0.032
202006 -0.681 108.767 -0.810
202009 -0.364 109.815 -0.429
202012 -0.400 109.897 -0.471
202103 0.302 111.754 0.350
202106 0.409 114.631 0.462
202109 0.399 115.734 0.446
202112 0.138 117.630 0.152
202203 0.320 121.301 0.341
202206 0.474 125.017 0.491
202209 0.340 125.227 0.351
202212 0.077 125.222 0.080
202303 0.584 127.348 0.594
202306 0.299 128.729 0.301
202309 0.168 129.860 0.167
202312 0.195 129.419 0.195
202403 0.134 129.419 0.134

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.


Braemar Hotels & Resorts  (NYSE:BHR) 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.


Braemar Hotels & Resorts Cyclically Adjusted Price-to-FCF Related Terms

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


Braemar Hotels & Resorts (Braemar Hotels & Resorts) Business Description

Industry
Traded in Other Exchanges
Address
14185 Dallas Parkway, Suite 1200, Dallas, TX, USA, 75254
Braemar Hotels & Resorts Inc is a real estate investment trust company that invests in high revenue per available room, or RevPAR, luxury, upper-upscale and upscale hotels in gateway and resort locations. The firm operates in various U.S. states such as California, Texas, Washington, Philadelphia, Florida, and Illinois as well as Washington, D.C. and St. Thomas, U.S. Virgin Islands. The company operates through its direct hotel investment segment. Its revenue streams include rooms, food and beverage, and other. The firm's hotels operate under various brands, such as Marriott, Hilton, Courtyard, and Renaissance, among others.
Executives
Abteen Vaziri director 14185 DALLAS PARKWAY, SUITE 1100, DALLAS TX 75254
Richard J Stockton officer: Chief Executive Officer 14185 DALLAS PARKWAY, SUITE 1100, DALLAS TX 75254
Montgomery J Bennett director, officer: Chief Executive Officer 14185 DALLAS PARKWAY, SUITE 1100, DALLAS TX 75254
Mary Candace Evans director 11407 WEST RICKS CIRCLE, DALLAS TX 75230
Rebeca M Johnson director 14185 DALLAS PARKWAY, SUITE 1200, DALLAS TX 75240
Curtis B Mcwilliams director 450 SOUTH ORANGE AVENUE, ORLANDO FL 32801
Alex Rose officer: Exec. VP, GC and Secretary 14185 DALLAS PARKWAY, SUITE 1200, DALLAS TX 75254
Deric S Eubanks officer: CFO and Treasurer 14185 DALLAS PARKWAY, SUITE 1100, DALLAS TX 75254
Stefani D Carter director 14185 DALLAS PARKWAY, SUITE 1100, DALLAS TX 75254
Mark Nunneley officer: Chief Accounting Officer 14185 DALLAS PARKWAY, SUITE 1100, DALLAS TX 75254
Robert G. Haiman officer: Exec. VP, GC and Secretary 14185 DALLAS PARKWAY, SUITE 1100, DALLAS TX 75254
Jeremy Welter officer: EVP-Asset Management 14185 DALLAS PARKWAY, SUITE 1100, DALLAS TX 75254
Darrouzet Sarah Zubiate director 14185 DALLAS PARKWAY, SUITE 1100, DALLAS TX 75254
Daniel B. Silvers director 1199 PARK AVENUE #17A, NEW YORK NY 10128
Lawrence A Cunningham director 4521 HIGHWOODS PARKWAY, GLEN ALLEN VA 23060