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Terreno Realty (FRA:T37) Cyclically Adjusted Price-to-FCF : 54.26 (As of Jun. 09, 2024)


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What is Terreno Realty Cyclically Adjusted Price-to-FCF?

As of today (2024-06-09), Terreno Realty's current share price is €51.00. Terreno Realty's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was €0.94. Terreno Realty's Cyclically Adjusted Price-to-FCF for today is 54.26.

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

FRA:T37' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 46.34   Med: 69.3   Max: 136.73
Current: 53.3

During the past years, Terreno Realty's highest Cyclically Adjusted Price-to-FCF was 136.73. The lowest was 46.34. And the median was 69.30.

FRA:T37's Cyclically Adjusted Price-to-FCF is ranked worse than
91.52% of 389 companies
in the REITs industry
Industry Median: 11.47 vs FRA:T37: 53.30

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.

Terreno Realty's adjusted free cash flow per share data for the three months ended in Mar. 2024 was €0.403. 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 €0.94 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Terreno Realty Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Terreno Realty'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.

Terreno Realty Cyclically Adjusted Price-to-FCF Chart

Terreno Realty 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 - 124.63 122.65 67.09 62.32

Terreno Realty 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 72.51 63.92 57.82 62.32 63.36

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

For the REIT - Industrial subindustry, Terreno Realty'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.


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

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

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



Terreno Realty 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=51.00/0.94
=54.26

* 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.

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

For example, Terreno Realty'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)
=0.403/131.7762*131.7762
=0.403

Current CPI (Mar. 2024) = 131.7762.

Terreno Realty Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.083 100.560 0.109
201409 0.084 100.428 0.110
201412 -0.021 99.070 -0.028
201503 0.051 99.621 0.067
201506 0.170 100.684 0.222
201509 0.171 100.392 0.224
201512 0.096 99.792 0.127
201603 0.077 100.470 0.101
201606 0.127 101.688 0.165
201609 0.176 101.861 0.228
201612 0.068 101.863 0.088
201703 0.189 102.862 0.242
201706 0.201 103.349 0.256
201709 0.217 104.136 0.275
201712 0.114 104.011 0.144
201803 0.132 105.290 0.165
201806 0.202 106.317 0.250
201809 0.220 106.507 0.272
201812 0.166 105.998 0.206
201903 0.164 107.251 0.202
201906 0.201 108.070 0.245
201909 0.280 108.329 0.341
201912 0.220 108.420 0.267
202003 0.185 108.902 0.224
202006 0.217 108.767 0.263
202009 0.293 109.815 0.352
202012 0.183 109.897 0.219
202103 0.223 111.754 0.263
202106 0.245 114.631 0.282
202109 0.255 115.734 0.290
202112 0.250 117.630 0.280
202203 0.113 121.301 0.123
202206 0.295 125.017 0.311
202209 0.338 125.227 0.356
202212 0.228 125.222 0.240
202303 0.290 127.348 0.300
202306 0.395 128.729 0.404
202309 0.455 129.860 0.462
202312 0.270 129.419 0.275
202403 0.403 131.776 0.403

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.


Terreno Realty  (FRA:T37) 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.


Terreno Realty Cyclically Adjusted Price-to-FCF Related Terms

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


Terreno Realty (FRA:T37) Business Description

Industry
Traded in Other Exchanges
Address
10500 NE 8th Street, Suite 1910, Bellevue, WA, USA, 98004
Terreno Realty Corp is a real estate investment trust engaged in acquiring, owning and operating industrial real estate in six coastal U.S. markets: Los Angeles, Northern New Jersey/New York City, San Francisco Bay Area, Seattle, Miami, and Washington, D.C. The company invests in several types of industrial real estate, including warehouse/distribution, flex (including light industrial and research and development), transshipment and improved land.

Terreno Realty (FRA:T37) Headlines

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