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American Homes 4 Rent (FRA:A4XA) Cyclically Adjusted Price-to-FCF : 23.26 (As of Jun. 09, 2024)


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What is American Homes 4 Rent Cyclically Adjusted Price-to-FCF?

As of today (2024-06-09), American Homes 4 Rent's current share price is €32.80. American Homes 4 Rent's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was €1.41. American Homes 4 Rent's Cyclically Adjusted Price-to-FCF for today is 23.26.

The historical rank and industry rank for American Homes 4 Rent's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

FRA:A4XA' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 21.28   Med: 24.97   Max: 40.38
Current: 23.32

During the past years, American Homes 4 Rent's highest Cyclically Adjusted Price-to-FCF was 40.38. The lowest was 21.28. And the median was 24.97.

FRA:A4XA's Cyclically Adjusted Price-to-FCF is ranked worse than
77.89% of 389 companies
in the REITs industry
Industry Median: 11.47 vs FRA:A4XA: 23.32

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.

American Homes 4 Rent's adjusted free cash flow per share data for the three months ended in Mar. 2024 was €0.446. 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 €1.41 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


American Homes 4 Rent Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for American Homes 4 Rent'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.

American Homes 4 Rent Cyclically Adjusted Price-to-FCF Chart

American Homes 4 Rent 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 - - 40.45 23.15 24.18

American Homes 4 Rent 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 23.18 24.98 22.82 24.18 24.06

Competitive Comparison of American Homes 4 Rent's Cyclically Adjusted Price-to-FCF

For the REIT - Residential subindustry, American Homes 4 Rent'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.


American Homes 4 Rent's Cyclically Adjusted Price-to-FCF Distribution in the REITs Industry

For the REITs industry and Real Estate sector, American Homes 4 Rent's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where American Homes 4 Rent's Cyclically Adjusted Price-to-FCF falls into.



American Homes 4 Rent 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.

American Homes 4 Rent's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=32.80/1.41
=23.26

* 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.

American Homes 4 Rent's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, American Homes 4 Rent'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)
=0.446/131.7762*131.7762
=0.446

Current CPI (Mar. 2024) = 131.7762.

American Homes 4 Rent Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.165 100.560 0.216
201409 0.165 100.428 0.217
201412 0.168 99.070 0.223
201503 0.126 99.621 0.167
201506 0.316 100.684 0.414
201509 0.220 100.392 0.289
201512 0.249 99.792 0.329
201603 0.281 100.470 0.369
201606 0.348 101.688 0.451
201609 0.348 101.861 0.450
201612 0.094 101.863 0.122
201703 0.396 102.862 0.507
201706 0.367 103.349 0.468
201709 0.326 104.136 0.413
201712 0.076 104.011 0.096
201803 0.287 105.290 0.359
201806 0.363 106.317 0.450
201809 0.316 106.507 0.391
201812 0.060 105.998 0.075
201903 0.393 107.251 0.483
201906 0.360 108.070 0.439
201909 0.344 108.329 0.418
201912 0.054 108.420 0.066
202003 0.316 108.902 0.382
202006 0.376 108.767 0.456
202009 0.318 109.815 0.382
202012 0.054 109.897 0.065
202103 0.333 111.754 0.393
202106 0.386 114.631 0.444
202109 0.345 115.734 0.393
202112 0.171 117.630 0.192
202203 0.353 121.301 0.383
202206 0.451 125.017 0.475
202209 0.500 125.227 0.526
202212 0.077 125.222 0.081
202303 0.437 127.348 0.452
202306 0.400 128.729 0.409
202309 0.436 129.860 0.442
202312 0.221 129.419 0.225
202403 0.446 131.776 0.446

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.


American Homes 4 Rent  (FRA:A4XA) 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.


American Homes 4 Rent Cyclically Adjusted Price-to-FCF Related Terms

Thank you for viewing the detailed overview of American Homes 4 Rent's Cyclically Adjusted Price-to-FCF provided by GuruFocus.com. Please click on the following links to see related term pages.


American Homes 4 Rent (FRA:A4XA) Business Description

Industry
Traded in Other Exchanges
Address
280 Pilot Road, Las Vegas, NV, USA, 89119
American Homes 4 Rent is a real estate investment trust primarily focused on acquiring, operating, and leasing single-family homes as rental properties throughout the United States. The company's real estate portfolio is largely comprised of single-family properties in urban markets in the Southern and Midwestern regions of the U.S. American Homes 4 Rent's land holdings also represent a sizable percentage of its total assets in terms of value. The company derives the vast majority of its income in the form of rental revenue from single-family properties through short-term or annual leases. The firm's largest geographical markets include Dallas, Texas; Indianapolis, Indiana; Atlanta, Georgia; and Charlotte, North Carolina in terms of the number of properties in each.

American Homes 4 Rent (FRA:A4XA) Headlines

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