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Kilroy Realty (Kilroy Realty) Cyclically Adjusted Price-to-FCF : (As of May. 22, 2024)


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

Shiller PE for Stocks: The True Measure of Stock Valuation


Kilroy Realty Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Kilroy 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.

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Kilroy Realty Cyclically Adjusted Price-to-FCF Chart

Kilroy Realty Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
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Kilroy Realty Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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Competitive Comparison of Kilroy Realty's Cyclically Adjusted Price-to-FCF

For the REIT - Office subindustry, Kilroy 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.


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

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

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



Kilroy 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.

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

For example, Kilroy 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)
=0.563/131.7762*131.7762
=0.563

Current CPI (Mar. 2024) = 131.7762.

Kilroy Realty Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -1.869 100.560 -2.449
201409 -0.805 100.428 -1.056
201412 -3.058 99.070 -4.068
201503 -1.254 99.621 -1.659
201506 -0.858 100.684 -1.123
201509 -1.361 100.392 -1.786
201512 -0.778 99.792 -1.027
201603 -0.485 100.470 -0.636
201606 -1.444 101.688 -1.871
201609 0.411 101.861 0.532
201612 -4.321 101.863 -5.590
201703 0.071 102.862 0.091
201706 -0.307 103.349 -0.391
201709 -0.332 104.136 -0.420
201712 -1.034 104.011 -1.310
201803 -1.649 105.290 -2.064
201806 -3.474 106.317 -4.306
201809 -0.125 106.507 -0.155
201812 -2.863 105.998 -3.559
201903 -1.121 107.251 -1.377
201906 -1.522 108.070 -1.856
201909 -1.181 108.329 -1.437
201912 -5.367 108.420 -6.523
202003 -0.824 108.902 -0.997
202006 -0.535 108.767 -0.648
202009 0.334 109.815 0.401
202012 -0.419 109.897 -0.502
202103 -0.483 111.754 -0.570
202106 -5.484 114.631 -6.304
202109 -4.671 115.734 -5.318
202112 -0.320 117.630 -0.358
202203 0.079 121.301 0.086
202206 -0.367 125.017 -0.387
202209 0.663 125.227 0.698
202212 -0.327 125.222 -0.344
202303 0.518 127.348 0.536
202306 -0.312 128.729 -0.319
202309 0.515 129.860 0.523
202312 -0.220 129.419 -0.224
202403 0.563 131.776 0.563

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.


Kilroy Realty  (NYSE:KRC) 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.


Kilroy Realty Cyclically Adjusted Price-to-FCF Related Terms

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


Kilroy Realty (Kilroy Realty) Business Description

Industry
Traded in Other Exchanges
Address
12200 West Olympic Boulevard, Suite 200, Los Angeles, CA, USA, 90064
Kilroy Realty is a premier owner and landlord of approximately 16 million square feet of office space across Los Angeles, San Diego, the San Francisco Bay Area, and greater Seattle. The company operates as a real estate investment trust.
Executives
John Osmond officer: EVP, Head of Asset Management C/O KILROY REALTY CORPORATION, 12200 WEST OLYMPIC BLVD., SUITE 200, LOS ANGELES CA 90064
Michelle Ngo officer: SVP, CFO & Treasurer C/O KILROY REALTY CORPORATION, 12200 W. OLYMPIC BOULEVARD, SUITE 200, LOS ANGELES CA 90064
Eliott Trencher officer: SVP, Chief Investment Officer C/O KILROY REALTY CORPORATION, 12200 W. OLYMPIC BOULEVARD, SUITE 200, LOS ANGELES CA 90064
Louisa Ritter director C/O KILROY REALTY CORPORATION, 12200 W. OLYMPIC BOULEVARD, SUITE 200, LOS ANGELES CA 90064
Jonathan Praw officer: SVP, Chief Investment Officer C/O KILROY REALTYCORPORATION, 12200 W. OLYNPIC BOULEVARD, SUITE 200, LOS ANGELES CA 90064
Merryl Elizabeth Werber officer: SVP, CAO & Controller 12200 W OLYMPIC BLVD STE 200, LOS ANGELES CA 90064
Stephen A Rosetta officer: EVP, Chief Investment Officer C/O KILROY REALTY CORPORATION, 12200 W. OLYMPIC BOULEVARD, SUITE 200, LOS ANGELES CA 90064
Jolie A. Hunt director C/O KLIROY REALTY CORPORATION, 12200 W. OLYMPIC BLVD., SUITE 200, LOS ANGELES CA 90064
Michael L. Sanford officer: EVP, Northern California 12200 W. OLYMPIC BLVD., SUITE 200, LOS ANGELES CA 90064
Peter B. Stoneberg director 12200 W. OLYMPIC BLVD., SUITE 200, LOS ANGELES CA 90064
Gary R. Stevenson director 12200 W. OLYMPIC BLVD., SUITE 200, LOS ANGELES CA 90064
David Joshua Simon officer: EVP 12200 W. OLYMPIC BLVD., SUITE 200, LOS ANGELES CA 90064
A. Robert Paratte officer: See Remarks 12200 W. OLYMPIC BLVD., SUITE 200, LOS ANGELES CA 90064
Justin William Smart officer: See Remarks 12200 W. OLYMPIC BLVD., SUITE 200, LOS ANGELES CA 90064
Kilroy John B Sr director 12200 W OLYMPIC BLVD, SUITE 200, LOS ANGELES CA 90064

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