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Equity Commonwealth (Equity Commonwealth) Cyclically Adjusted Price-to-FCF : 18.19 (As of May. 13, 2024)


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What is Equity Commonwealth Cyclically Adjusted Price-to-FCF?

As of today (2024-05-13), Equity Commonwealth's current share price is $19.28. Equity Commonwealth's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was $1.06. Equity Commonwealth's Cyclically Adjusted Price-to-FCF for today is 18.19.

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

EQC' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 16.17   Med: 18.17   Max: 60.29
Current: 18.16

During the past years, Equity Commonwealth's highest Cyclically Adjusted Price-to-FCF was 60.29. The lowest was 16.17. And the median was 18.17.

EQC's Cyclically Adjusted Price-to-FCF is ranked worse than
68.3% of 388 companies
in the REITs industry
Industry Median: 11.585 vs EQC: 18.16

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.

Equity Commonwealth's adjusted free cash flow per share data for the three months ended in Mar. 2024 was $0.207. 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 $1.06 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Equity Commonwealth Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Equity Commonwealth'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.

Equity Commonwealth Cyclically Adjusted Price-to-FCF Chart

Equity Commonwealth 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 - 57.24 17.50 20.69 17.68

Equity Commonwealth 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 17.42 18.03 16.60 17.68 17.89

Competitive Comparison of Equity Commonwealth's Cyclically Adjusted Price-to-FCF

For the REIT - Office subindustry, Equity Commonwealth'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.


Equity Commonwealth's Cyclically Adjusted Price-to-FCF Distribution in the REITs Industry

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

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



Equity Commonwealth 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.

Equity Commonwealth's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=19.28/1.06
=18.19

* 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.

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

For example, Equity Commonwealth'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)
=0.207/129.4194*129.4194
=0.207

Current CPI (Mar. 2024) = 129.4194.

Equity Commonwealth Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.667 100.560 0.858
201409 0.241 100.428 0.311
201412 0.492 99.070 0.643
201503 0.310 99.621 0.403
201506 0.635 100.684 0.816
201509 0.140 100.392 0.180
201512 0.366 99.792 0.475
201603 0.180 100.470 0.232
201606 0.558 101.688 0.710
201609 0.180 101.861 0.229
201612 0.373 101.863 0.474
201703 -0.032 102.862 -0.040
201706 0.388 103.349 0.486
201709 0.149 104.136 0.185
201712 0.298 104.011 0.371
201803 -0.003 105.290 -0.004
201806 0.198 106.317 0.241
201809 0.217 106.507 0.264
201812 0.316 105.998 0.386
201903 0.101 107.251 0.122
201906 0.226 108.070 0.271
201909 0.266 108.329 0.318
201912 0.195 108.420 0.233
202003 0.093 108.902 0.111
202006 0.093 108.767 0.111
202009 0.070 109.815 0.082
202012 0.013 109.897 0.015
202103 0.013 111.754 0.015
202106 0.013 114.631 0.015
202109 0.061 115.734 0.068
202112 0.047 117.630 0.052
202203 0.026 121.301 0.028
202206 0.097 125.017 0.100
202209 0.164 125.227 0.169
202212 0.294 125.222 0.304
202303 0.208 127.348 0.211
202306 0.254 128.729 0.255
202309 0.318 129.860 0.317
202312 0.332 129.419 0.332
202403 0.207 129.419 0.207

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.


Equity Commonwealth  (NYSE:EQC) 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.


Equity Commonwealth Cyclically Adjusted Price-to-FCF Related Terms

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


Equity Commonwealth (Equity Commonwealth) Business Description

Industry
Traded in Other Exchanges
Address
Two North Riverside Plaza, Suite 2100, Chicago, IL, USA, 60606
Equity Commonwealth is a real estate investment trust engaged in the acquisition, ownership, and operation of primarily office buildings located throughout the United States. The vast majority of the company's real estate portfolio comprises office assets. These properties are fairly evenly dispersed between many of America's major urban markets, notably Washington, Austin, and Denver. Equity Commonwealth derives the vast majority of its income in the form of rental revenue from tenants occupying its offices. The company's largest tenants in terms of revenue generation include a variety of hiking, household goods, publishing, and financial firms.
Executives
Orrin S Shifrin officer: EVP, Gen. Counsel & Secretary CWH MANAGEMENT LLC, 2 N RIVERSIDE PLAZA, SUITE 600, CHICAGO IL 60606
Andrew Levy officer: SVP & Chief Accounting Officer C/O EQUITY COMMONWEALTH, TWO NORTH RIVERSIDE PLAZA, SUITE 2100, CHICAGO IL 60606
William H Griffiths officer: SVP, CFO & Treasurer C/O EQUITY COMMONWEALTH, TWO NORTH RIVERSIDE PLAZA, SUITE 2100, CHICAGO IL 60606
Ellen-blair Chube director 150 N. RIVERSIDE PLAZA, CHICAGO IL 60606
Gerald A Spector director C/O EQUITY RESIDENTIAL, TWO NORTH RIVERSIDE PLAZA, SUITE 400, CHICAGO IL 60606
Adam Scott Markman officer: EVP, CFO & Treasurer TWO NORTH RIVERSIDE PLAZA, SUITE 600, CHICAGO IL 60606
Lozier James Lloyd Jr director 4616 DORSET RD, DALLAS TX 75229
David Helfand director, officer: President & CEO C/O MANUFACTURED HOME COMMUNITIES INC, 2 N RIVERSIDE PLAZA #800, CHICAGO IL 60606
Jeffrey Douglas Brown officer: SVP & Chief Accounting Officer 3726 AVALON TRAIL, LEBANON OH 45036
David S Weinberg officer: EVP & Chief Operating Officer CWH MANAGEMENT LLC, TWO NORTH RIVERSIDE PLAZA, SUITE 600, CHICAGO IL 60606
Samuel Zell director, other: Chairman of the Board TWO N RIVERSIDE PLAZA, SUITE 600, CHICAGO IL 60606
Peter Linneman director 1696 N E MIAMI GARDENS DR, N MIAMI BEACH FL 33179
James A Star director
James Scott Corl director C/O COHEN & STEERS, INC, 280 PARK AVENUE, NEW YORK NY 10017
Martin L Edelman director C/O PAUL HASTINGS JANOFSKY & WALKER LLP, 75 EAST 55TH STREET, NEW YORK NY 10022

Equity Commonwealth (Equity Commonwealth) Headlines