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Great Portland Estates (LSE:GPE) Cyclically Adjusted Price-to-FCF : 37.28 (As of Jun. 05, 2024)


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What is Great Portland Estates Cyclically Adjusted Price-to-FCF?

As of today (2024-06-05), Great Portland Estates's current share price is £3.355. Great Portland Estates's Cyclically Adjusted FCF per Share for the fiscal year that ended in Mar24 was £0.09. Great Portland Estates's Cyclically Adjusted Price-to-FCF for today is 37.28.

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

LSE:GPE' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 29.93   Med: 61.49   Max: 622.44
Current: 37.73

During the past 13 years, Great Portland Estates's highest Cyclically Adjusted Price-to-FCF was 622.44. The lowest was 29.93. And the median was 61.49.

LSE:GPE's Cyclically Adjusted Price-to-FCF is ranked worse than
87.18% of 390 companies
in the REITs industry
Industry Median: 11.465 vs LSE:GPE: 37.73

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.

Great Portland Estates's adjusted free cash flow per share data of for the fiscal year that ended in Mar24 was £-0.025. 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 £0.09 for the trailing ten years ended in Mar24.

Shiller PE for Stocks: The True Measure of Stock Valuation


Great Portland Estates Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Great Portland Estates'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.

Great Portland Estates Cyclically Adjusted Price-to-FCF Chart

Great Portland Estates Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 539.69 61.08 62.66 43.39 35.16

Great Portland Estates Semi-Annual Data
Sep14 Mar15 Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 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 62.66 - 43.39 - 35.16

Competitive Comparison of Great Portland Estates's Cyclically Adjusted Price-to-FCF

For the REIT - Office subindustry, Great Portland Estates'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.


Great Portland Estates's Cyclically Adjusted Price-to-FCF Distribution in the REITs Industry

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

* The bar in red indicates where Great Portland Estates's Cyclically Adjusted Price-to-FCF falls into.



Great Portland Estates 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.

Great Portland Estates's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=3.355/0.09
=37.28

* 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.

Great Portland Estates's Cyclically Adjusted FCF per Share for the fiscal year that ended in Mar24 is calculated as:

For example, Great Portland Estates's adjusted Free Cash Flow per Share data for the fiscal year that ended in Mar24 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Mar24 (Change)*Current CPI (Mar24)
=-0.025/131.6000*131.6000
=-0.025

Current CPI (Mar24) = 131.6000.

Great Portland Estates Annual Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201503 0.023 99.600 0.030
201603 0.042 100.400 0.055
201703 -0.153 102.700 -0.196
201803 0.573 105.100 0.717
201903 0.078 107.000 0.096
202003 0.123 108.600 0.149
202103 0.053 109.700 0.064
202203 0.028 116.500 0.032
202303 -0.006 126.800 -0.006
202403 -0.025 131.600 -0.025

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.


Great Portland Estates  (LSE:GPE) 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.


Great Portland Estates Cyclically Adjusted Price-to-FCF Related Terms

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


Great Portland Estates (LSE:GPE) Business Description

Industry
Traded in Other Exchanges
Address
33 Cavendish Square, London, GBR, W1G 0PW
Great Portland Estates PLC, or GPE, is a real estate investment trust involved in the ownership and development of commercial property in central London. GPE invests in and redevelops London real estate. The company generates revenue from these assets through long-term lease agreements. Income is also derived from the management of other development projects. The majority of the company's real estate portfolio is comprised of office space, while retail locations also make up a significant percentage. Almost half of GPE's properties are located in the North of Oxford Street area. London's West End is home to a substantial share as well. GPE's tenants are primarily divided between retail & leisure shops; technology, media, & telecom companies; and professional & business services firms.

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