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Independence Realty Trust (FRA:5O2) Cyclically Adjusted Price-to-FCF : 41.05 (As of Jun. 09, 2024)


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What is Independence Realty Trust Cyclically Adjusted Price-to-FCF?

As of today (2024-06-09), Independence Realty Trust's current share price is €15.60. Independence Realty Trust's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was €0.38. Independence Realty Trust's Cyclically Adjusted Price-to-FCF for today is 41.05.

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

FRA:5O2' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 20.11   Med: 39.8   Max: 70.97
Current: 41.58

During the past years, Independence Realty Trust's highest Cyclically Adjusted Price-to-FCF was 70.97. The lowest was 20.11. And the median was 39.80.

FRA:5O2's Cyclically Adjusted Price-to-FCF is ranked worse than
88.43% of 389 companies
in the REITs industry
Industry Median: 11.47 vs FRA:5O2: 41.58

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.

Independence Realty Trust's adjusted free cash flow per share data for the three months ended in Mar. 2024 was €0.022. 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 €0.38 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Independence Realty Trust Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Independence Realty 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.

Independence Realty Trust Cyclically Adjusted Price-to-FCF Chart

Independence Realty 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 39.83 37.08 68.84 39.24 35.89

Independence Realty 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 37.81 40.75 31.70 35.89 38.70

Competitive Comparison of Independence Realty Trust's Cyclically Adjusted Price-to-FCF

For the REIT - Residential subindustry, Independence Realty 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.


Independence Realty Trust's Cyclically Adjusted Price-to-FCF Distribution in the REITs Industry

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

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



Independence Realty 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.

Independence Realty Trust's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=15.60/0.38
=41.05

* 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.

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

For example, Independence Realty 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)
=0.022/131.7762*131.7762
=0.022

Current CPI (Mar. 2024) = 131.7762.

Independence Realty Trust Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.097 100.560 0.127
201409 0.109 100.428 0.143
201412 0.100 99.070 0.133
201503 0.218 99.621 0.288
201506 0.073 100.684 0.096
201509 -0.286 100.392 -0.375
201512 0.204 99.792 0.269
201603 0.099 100.470 0.130
201606 0.155 101.688 0.201
201609 0.224 101.861 0.290
201612 -0.613 101.863 -0.793
201703 0.136 102.862 0.174
201706 0.158 103.349 0.201
201709 0.147 104.136 0.186
201712 0.050 104.011 0.063
201803 0.103 105.290 0.129
201806 0.094 106.317 0.117
201809 0.083 106.507 0.103
201812 -0.009 105.998 -0.011
201903 0.055 107.251 0.068
201906 0.105 108.070 0.128
201909 0.094 108.329 0.114
201912 0.038 108.420 0.046
202003 0.031 108.902 0.038
202006 0.132 108.767 0.160
202009 0.145 109.815 0.174
202012 0.034 109.897 0.041
202103 0.112 111.754 0.132
202106 0.099 114.631 0.114
202109 0.125 115.734 0.142
202112 -0.227 117.630 -0.254
202203 0.118 121.301 0.128
202206 0.230 125.017 0.242
202209 0.241 125.227 0.254
202212 0.125 125.222 0.132
202303 0.022 127.348 0.023
202306 0.224 128.729 0.229
202309 0.130 129.860 0.132
202312 0.100 129.419 0.102
202403 0.022 131.776 0.022

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.


Independence Realty Trust  (FRA:5O2) 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.


Independence Realty Trust Cyclically Adjusted Price-to-FCF Related Terms

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


Independence Realty Trust (FRA:5O2) Business Description

Industry
Traded in Other Exchanges
Address
1835 Market Street, Suite 2601, Philadelphia, PA, USA, 19103
Independence Realty Trust Inc is a real estate investment trust (REIT) that acquires, owns, operates, improves and manages multifamily apartment communities across non-gateway U.S. markets. It owns and operates multifamily apartment properties, across non-gateway U.S markets, including Louisville, Memphis, Atlanta, and Raleigh. The company is focused on gaining scale within key amenity-rich submarkets that offer school districts, retail, and employment centers.

Independence Realty Trust (FRA:5O2) Headlines

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