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Blackstone Mortgage Trust (Blackstone Mortgage Trust) Cyclically Adjusted Price-to-FCF : 6.79 (As of May. 15, 2024)


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What is Blackstone Mortgage Trust Cyclically Adjusted Price-to-FCF?

As of today (2024-05-15), Blackstone Mortgage Trust's current share price is $18.60. Blackstone Mortgage Trust's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was $2.74. Blackstone Mortgage Trust's Cyclically Adjusted Price-to-FCF for today is 6.79.

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

BXMT' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 0.94   Med: 4.36   Max: 12.59
Current: 6.64

During the past years, Blackstone Mortgage Trust's highest Cyclically Adjusted Price-to-FCF was 12.59. The lowest was 0.94. And the median was 4.36.

BXMT's Cyclically Adjusted Price-to-FCF is ranked better than
75.77% of 388 companies
in the REITs industry
Industry Median: 11.59 vs BXMT: 6.64

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.

Blackstone Mortgage Trust's adjusted free cash flow per share data for the three months ended in Mar. 2024 was $0.544. 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 $2.74 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Blackstone Mortgage Trust Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Blackstone Mortgage Trust'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.

Blackstone Mortgage Trust Cyclically Adjusted Price-to-FCF Chart

Blackstone Mortgage Trust 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 7.17 7.71 12.00 8.23 7.76

Blackstone Mortgage Trust 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 6.75 7.69 7.91 7.76 7.26

Competitive Comparison of Blackstone Mortgage Trust's Cyclically Adjusted Price-to-FCF

For the REIT - Mortgage subindustry, Blackstone Mortgage Trust'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.


Blackstone Mortgage Trust's Cyclically Adjusted Price-to-FCF Distribution in the REITs Industry

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

* The bar in red indicates where Blackstone Mortgage Trust's Cyclically Adjusted Price-to-FCF falls into.



Blackstone Mortgage Trust 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.

Blackstone Mortgage Trust's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=18.60/2.74
=6.79

* 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.

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

For example, Blackstone Mortgage Trust'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)
=0.544/129.4194*129.4194
=0.544

Current CPI (Mar. 2024) = 129.4194.

Blackstone Mortgage Trust Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.395 100.560 0.508
201409 0.477 100.428 0.615
201412 0.398 99.070 0.520
201503 0.553 99.621 0.718
201506 -0.322 100.684 -0.414
201509 1.052 100.392 1.356
201512 0.713 99.792 0.925
201603 0.699 100.470 0.900
201606 0.611 101.688 0.778
201609 0.683 101.861 0.868
201612 0.520 101.863 0.661
201703 0.604 102.862 0.760
201706 0.562 103.349 0.704
201709 0.692 104.136 0.860
201712 0.515 104.011 0.641
201803 0.670 105.290 0.824
201806 0.572 106.317 0.696
201809 0.755 106.507 0.917
201812 0.553 105.998 0.675
201903 0.624 107.251 0.753
201906 0.629 108.070 0.753
201909 0.531 108.329 0.634
201912 0.559 108.420 0.667
202003 0.506 108.902 0.601
202006 0.774 108.767 0.921
202009 0.584 109.815 0.688
202012 0.513 109.897 0.604
202103 0.564 111.754 0.653
202106 0.559 114.631 0.631
202109 0.601 115.734 0.672
202112 0.786 117.630 0.865
202203 0.513 121.301 0.547
202206 0.505 125.017 0.523
202209 0.448 125.227 0.463
202212 0.759 125.222 0.784
202303 0.606 127.348 0.616
202306 0.710 128.729 0.714
202309 0.643 129.860 0.641
202312 0.635 129.419 0.635
202403 0.544 129.419 0.544

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.


Blackstone Mortgage Trust  (NYSE:BXMT) 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.


Blackstone Mortgage Trust Cyclically Adjusted Price-to-FCF Related Terms

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


Blackstone Mortgage Trust (Blackstone Mortgage Trust) Business Description

Traded in Other Exchanges
Address
345 Park Avenue, 24th Floor, New York, NY, USA, 10154
Blackstone Mortgage Trust Inc is a real estate finance company primarily involved in the origination and purchase of senior loans collateralized by commercial properties in North America, Europe, and Australia. The vast majority of the company's asset portfolio is comprised of floating rate loans secured by priority mortgages. These mortgages are mainly derived from office, hotel, and manufactured housing properties. A significant percentage of the collateralized real estate properties are located in New York, California, and the United Kingdom. Blackstone Mortgage Trust is managed by a subsidiary of The Blackstone Group and benefits from the market data provided by its parent company. Nearly all of Blackstone Mortgage Trust's revenue is generated in the form of interest income.
Executives
Marone Anthony F. Jr officer: Chief Financial Officer C/O BLACKSTONE MORTGAGE TRUST, 345 PARK AVENUE, NEW YORK NY 10154
Katharine A Keenan director, officer: CEO & President C/O BLACKSTONE MORTGAGE TRUST, 345 PARK AVENUE, NEW YORK NY 10154
Nnenna Lynch director 4040 WILSON BOULEVARD, SUITE1000, ARLINGTON VA 22203
Lynne B Sagalyn director
Leonard W Cotton director 625 MADISON AVENUE, NEW YORK NY 10022
Henry N Nassau director 435 DEVON PARK DR, BLDG 600, WAYNE PA 19087
Thomas E Dobrowski director MANUFACTURED HOME COMMUNTIES INC, 2 N RIVERSIDE PLZ #8, CHICAGO IL 60606
Timothy Steven Johnson director C/O BLACKSTONE INC., 345 PARK AVENUE, NEW YORK NY 10154
Michael B. Nash director C/O THE BLACKSTONE GROUP, 345 PARK AVENUE, NEW YORK NY 10154
Gilda Perez-alvarado director C/O SONDER HOLDINGS, INC., 101 15TH ST., SAN FRANCISCO CA 94103
Jonathan Lee Pollack director C/O BLACKSTONE MORTGAGE TRUST, INC., 345 PARK AVE., 42ND FLOOR, NEW YORK NY 10154
Douglas N. Armer officer: Principal and Treasurer C/O BLACKSTONE MORTGAGE TRUST, 345 PARK AVENUE, NEW YORK NY 10154
Stephen D Plavin director, officer: CEO OMEGA HEALTHCARE INVESTORS INC, 900 VICTORS WAY SUITE 350, ANN ARBOR MI 48108
Thomas C Ruffing officer: CCO, Head of Asset Management C/O CAPITAL TRUST, INC. 410 PARK AVENUE, 14TH FLOOR, NEW YORK NY 10022
Paul D Quinlan officer: Chief Financial Officer C/O BLACKSTONE MORTGAGE TRUST, 345 PARK AVENUE, NEW YORK NY 10154