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Nippon Prologis REIT (FRA:9NPA) Cyclically Adjusted Price-to-FCF : (As of Jun. 10, 2024)


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What is Nippon Prologis REIT Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Nippon Prologis REIT Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Nippon Prologis REIT'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.

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Nippon Prologis REIT Cyclically Adjusted Price-to-FCF Chart

Nippon Prologis REIT Annual Data
Trend Nov13 Nov14 Nov15 Nov16 Nov17 Nov18 Nov19 Nov20 Nov21 Nov23
Cyclically Adjusted Price-to-FCF
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Nippon Prologis REIT Semi-Annual Data
Nov13 May14 Nov14 May15 Nov15 May16 Nov16 May17 Nov17 May18 Nov18 May19 Nov19 May20 Nov20 May21 Nov21 May22 May23 Nov23
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Competitive Comparison of Nippon Prologis REIT's Cyclically Adjusted Price-to-FCF

For the REIT - Industrial subindustry, Nippon Prologis REIT'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.


Nippon Prologis REIT's Cyclically Adjusted Price-to-FCF Distribution in the REITs Industry

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

* The bar in red indicates where Nippon Prologis REIT's Cyclically Adjusted Price-to-FCF falls into.



Nippon Prologis REIT 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.

Nippon Prologis REIT's Cyclically Adjusted FCF per Share for the fiscal year that ended in Nov23 is calculated as:

For example, Nippon Prologis REIT's adjusted Free Cash Flow per Share data for the fiscal year that ended in Nov23 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Nov23 (Change)*Current CPI (Nov23)
=-134.557/106.9000*106.9000
=-134.557

Current CPI (Nov23) = 106.9000.

Nippon Prologis REIT Annual Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201311 -2,403.124 95.500 -2,689.989
201411 -352.787 97.900 -385.219
201511 84.633 98.100 92.225
201611 -108.478 98.600 -117.610
201711 -195.892 99.100 -211.310
201811 -80.950 100.000 -86.536
201911 -194.077 100.500 -206.436
202011 -71.188 99.500 -76.482
202111 -92.134 100.100 -98.393
202311 -134.557 106.900 -134.557

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.


Nippon Prologis REIT  (FRA:9NPA) 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.


Nippon Prologis REIT Cyclically Adjusted Price-to-FCF Related Terms

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Nippon Prologis REIT (FRA:9NPA) Business Description

Industry
Traded in Other Exchanges
Address
Tokyo Building 21F, 2-7-3, Marunouchi, Chiyoda-ku, Tokyo, JPN, 100-6421
Nippon Prologis REIT Inc is a Japanese real estate investment trust primarily involved in owning, operating, and developing logistics facilities in Japan's major urban markets. The company's real estate portfolio is comprised mainly of large, multitenant warehouse facilities located near transportation hubs and population clusters. Nippon Prologis also operates a sizable number of build-to-suit facilities with similar physical specifications to its other buildings. The majority of the company's properties are located in the Greater Tokyo area, while a significant percentage are located in the Greater Osaka area as well. Nippon Prologis derives nearly all of its income from rental revenue. Its customers include a variety of logistics, distribution, transportation, and industrial companies.

Nippon Prologis REIT (FRA:9NPA) Headlines

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