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First Industrial Realty Trust (FRA:F5W) Cyclically Adjusted Price-to-FCF : 20.58 (As of Jun. 09, 2024)


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What is First Industrial Realty Trust Cyclically Adjusted Price-to-FCF?

As of today (2024-06-09), First Industrial Realty Trust's current share price is €42.40. First Industrial Realty Trust's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was €2.06. First Industrial Realty Trust's Cyclically Adjusted Price-to-FCF for today is 20.58.

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

FRA:F5W' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 18.47   Med: 28.04   Max: 115.59
Current: 20.67

During the past years, First Industrial Realty Trust's highest Cyclically Adjusted Price-to-FCF was 115.59. The lowest was 18.47. And the median was 28.04.

FRA:F5W's Cyclically Adjusted Price-to-FCF is ranked worse than
73.78% of 389 companies
in the REITs industry
Industry Median: 11.47 vs FRA:F5W: 20.67

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.

First Industrial Realty Trust's adjusted free cash flow per share data for the three months ended in Mar. 2024 was €0.434. 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 €2.06 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


First Industrial Realty Trust Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for First Industrial 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.

First Industrial Realty Trust Cyclically Adjusted Price-to-FCF Chart

First Industrial 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 32.76 28.34 36.63 23.60 24.03

First Industrial 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 25.25 24.33 21.65 24.03 23.35

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

For the REIT - Industrial subindustry, First Industrial 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.


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

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

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



First Industrial 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.

First Industrial 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
=42.40/2.06
=20.58

* 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.

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

For example, First Industrial 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)
=0.434/131.7762*131.7762
=0.434

Current CPI (Mar. 2024) = 131.7762.

First Industrial Realty Trust Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.183 100.560 0.240
201409 0.311 100.428 0.408
201412 0.303 99.070 0.403
201503 0.233 99.621 0.308
201506 0.376 100.684 0.492
201509 0.370 100.392 0.486
201512 0.344 99.792 0.454
201603 0.217 100.470 0.285
201606 0.361 101.688 0.468
201609 0.405 101.861 0.524
201612 0.380 101.863 0.492
201703 0.320 102.862 0.410
201706 0.407 103.349 0.519
201709 0.380 104.136 0.481
201712 0.314 104.011 0.398
201803 0.250 105.290 0.313
201806 0.392 106.317 0.486
201809 0.389 106.507 0.481
201812 0.414 105.998 0.515
201903 0.292 107.251 0.359
201906 0.549 108.070 0.669
201909 0.501 108.329 0.609
201912 0.393 108.420 0.478
202003 0.287 108.902 0.347
202006 0.539 108.767 0.653
202009 0.482 109.815 0.578
202012 0.324 109.897 0.389
202103 0.269 111.754 0.317
202106 0.495 114.631 0.569
202109 0.511 115.734 0.582
202112 0.477 117.630 0.534
202203 0.412 121.301 0.448
202206 1.425 125.017 1.502
202209 0.666 125.227 0.701
202212 0.463 125.222 0.487
202303 0.496 127.348 0.513
202306 0.598 128.729 0.612
202309 0.597 129.860 0.606
202312 0.446 129.419 0.454
202403 0.434 131.776 0.434

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.


First Industrial Realty Trust  (FRA:F5W) 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.


First Industrial Realty Trust Cyclically Adjusted Price-to-FCF Related Terms

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First Industrial Realty Trust (FRA:F5W) Business Description

Traded in Other Exchanges
Address
One North Wacker Drive, Suite 4200, Chicago, IL, USA, 60606
First Industrial Realty Trust is a real estate investment trust which which owns, manages, acquires, sells, develops and redevelops industrial real estate. First Industrial's real estate portfolio is primarily comprised of light industrial properties, which are split between industrial and office space, and bulk warehouse properties generally located in business parks near transportation hubs. While light industrial buildings represent the largest share of First Industrial's holdings, bulk warehouses make up most of its portfolio's square footage. The company derives the vast majority of its revenue from rental income tied to medium-term leases. First Industrial's customers include manufacturing, retail, wholesale trade, distribution, and professional services companies.

First Industrial Realty Trust (FRA:F5W) Headlines

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