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Life Storage (Life Storage) Cyclically Adjusted Price-to-FCF : (As of May. 27, 2024)


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What is Life Storage Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Life Storage Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Life Storage'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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Life Storage Cyclically Adjusted Price-to-FCF Chart

Life Storage Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Cyclically Adjusted Price-to-FCF
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Life Storage Quarterly Data
Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23
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Competitive Comparison of Life Storage's Cyclically Adjusted Price-to-FCF

For the REIT - Industrial subindustry, Life Storage'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.


Life Storage's Cyclically Adjusted Price-to-FCF Distribution in the REITs Industry

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

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



Life Storage 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.

Life Storage's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2023 is calculated as:

For example, Life Storage's adjusted Free Cash Flow per Share data for the three months ended in Mar. 2023 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Mar. 2023 (Change)*Current CPI (Mar. 2023)
=1.417/127.3478*127.3478
=1.417

Current CPI (Mar. 2023) = 127.3478.

Life Storage Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201306 0.827 98.518 1.069
201309 0.769 98.790 0.991
201312 0.727 98.326 0.942
201403 0.381 99.695 0.487
201406 0.842 100.560 1.066
201409 0.946 100.428 1.200
201412 0.761 99.070 0.978
201503 0.597 99.621 0.763
201506 0.932 100.684 1.179
201509 1.064 100.392 1.350
201512 0.883 99.792 1.127
201603 0.654 100.470 0.829
201606 0.868 101.688 1.087
201609 0.816 101.861 1.020
201612 1.098 101.863 1.373
201703 0.404 102.862 0.500
201706 1.158 103.349 1.427
201709 1.031 104.136 1.261
201712 0.972 104.011 1.190
201803 0.424 105.290 0.513
201806 1.160 106.317 1.389
201809 1.040 106.507 1.244
201812 1.128 105.998 1.355
201903 0.499 107.251 0.593
201906 1.202 108.070 1.416
201909 1.158 108.329 1.361
201912 1.126 108.420 1.323
202003 0.642 108.902 0.751
202006 1.150 108.767 1.346
202009 1.209 109.815 1.402
202012 1.191 109.897 1.380
202103 0.889 111.754 1.013
202106 1.442 114.631 1.602
202109 1.638 115.734 1.802
202112 1.525 117.630 1.651
202203 1.257 121.301 1.320
202206 1.821 125.017 1.855
202209 2.135 125.227 2.171
202212 1.694 125.222 1.723
202303 1.417 127.348 1.417

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.


Life Storage  (NYSE:LSI) 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.


Life Storage Cyclically Adjusted Price-to-FCF Related Terms

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Life Storage (Life Storage) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Life Storage Inc (NYSE:LSI) » Definitions » Cyclically Adjusted Price-to-FCF
Traded in Other Exchanges
N/A
Address
6467 Main Street, Williamsville, NY, USA, 14221
Life Storage Inc (which was rebranded from Sovran Self Storage, Inc in 2016) is a fully integrated, real estate investment trust that acquires and manages self-storage properties throughout the United States. The company operates under the brand names Life Storage. Approximately under half of the company's revenue is derived from stores in the states of Texas and Florida. The remainder of sales is distributed across the United States. The company's operations in rental income from customers renting storage space on a month-to-month basis generate a majority of operating revenue. The company also offers storage to both individuals of commercial renters and has special storage units available for vehicles and wine.
Executives
Joseph Saffire officer: Chief Investment Officer 6467 MAIN STREET, WILLIAMSVILLE NY 14221
Havener Arthur L Jr director 9825 SUNSET GREENS DRIVE, ST. LOUIS MO 63127
Alexander Gress officer: CFO 6467 MAIN STREET, C/O LIFE STORAGE, INC., WILLIAMSVILLE NY 14221
Stephen R Rusmisel director C/O SOVRAN SELF STORAGE, INC, 6467 MAIN STREET, WILLIAMSVILLE NY 14221
Andrew J Gregoire officer: CFO C/O LIFE STORAGE, INC., 6467 MAIN STREET, WILLIAMSVILLE NY 14221
David P. Dodman officer: COO C/O LIFE STORAGE, INC, 6467 MAIN STREET, WILLIAMSVILLE NY 14221
Edward F Killeen officer: EVP Real Estate Management C/O LIFE STORAGE, INC., 6467 MAIN STREET, WILLIAMSVILLE NY 14221
David L Rogers officer: CFO C/O LIFE STORAGE INC, 6467 MAIN STREET, BUFFALO NY 14221
Sue Harnett director P.O. BOX 195115, SAN JUAN PR 00919-5115
Mark G Barberio director 19 WIK STREET, WILLIAMSVILLE NY 14221
Edward J Pettinella director C/O HOME PROPERTIES, 850 CLINTON SQUARE, ROCHESTER NY 14604
Charles E Lannon director C/O LIFE STORAGE INC, 6467 MAIN STREET, BUFFALO NY 14221
Kenneth F Myszka director, officer: President, COO C/O LIFE STORAGE INC, 6467 MAIN STREET, BUFFALO NY 14221
Robert J Attea director, officer: Chairman of Board, CEO C/O LIFE STORAGE INC, 6467 MAIN STREET, BUFFALO NY 14221
Dana Hamilton director C/O ARCHSTONE-SMITH TRUST, 9200 E. PANORAMA CIRCLE, SUITE 400, ENGLEWOOD CO 80112