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Japan Real Estate Investment (Japan Real Estate Investment) Cyclically Adjusted Price-to-FCF : (As of Jun. 09, 2024)


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What is Japan Real Estate Investment Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Japan Real Estate Investment Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Japan Real Estate Investment'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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Japan Real Estate Investment Cyclically Adjusted Price-to-FCF Chart

Japan Real Estate Investment Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
Cyclically Adjusted Price-to-FCF
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Japan Real Estate Investment Semi-Annual Data
Sep14 Mar15 Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24
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Competitive Comparison of Japan Real Estate Investment's Cyclically Adjusted Price-to-FCF

For the REIT - Office subindustry, Japan Real Estate Investment'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.


Japan Real Estate Investment's Cyclically Adjusted Price-to-FCF Distribution in the REITs Industry

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

* The bar in red indicates where Japan Real Estate Investment's Cyclically Adjusted Price-to-FCF falls into.



Japan Real Estate Investment 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.

Japan Real Estate Investment's Cyclically Adjusted FCF per Share for the fiscal year that ended in Sep23 is calculated as:

For example, Japan Real Estate Investment's adjusted Free Cash Flow per Share data for the fiscal year that ended in Sep23 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Sep23 (Change)*Current CPI (Sep23)
=-22.522/106.2000*106.2000
=-22.522

Current CPI (Sep23) = 106.2000.

Japan Real Estate Investment Annual Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201409 -138.098 98.500 -148.893
201509 -418.940 98.500 -451.690
201609 256.554 98.000 278.021
201709 20.350 98.800 21.874
201809 -166.743 99.900 -177.258
201909 191.974 100.100 203.673
202009 -54.415 99.900 -57.847
202109 305.060 100.100 323.650
202209 59.081 103.100 60.857
202309 -22.522 106.200 -22.522

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.


Japan Real Estate Investment  (OTCPK:JREIF) 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.


Japan Real Estate Investment Cyclically Adjusted Price-to-FCF Related Terms

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Japan Real Estate Investment (Japan Real Estate Investment) Business Description

Traded in Other Exchanges
Address
3-3-1 Marunouchi, Chiyoda-ku, Tokyo, JPN, 100-0005
Japan Real Estate Investment Corp, or J-REIT, is a Japanese real estate investment trust that invests in, owns, and leases office properties. The vast majority of the company's real estate portfolio is located within Tokyo's 23 wards and the Tokyo metropolitan area in terms of total value. Within this area, most of J-REIT's offices reside within the Tokyo central business district. The company derives nearly all of its income in the form of rental revenue from the leasing of its office properties. While J-REIT tenants hail from a diverse assortment of industries, firms from the service, information services, electric devices, and financial services industries are its largest customers in terms of total leased space.