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American Homes 4 Rent (LTS:0HEJ) Cyclically Adjusted Price-to-FCF : 23.37 (As of Jun. 09, 2024)


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What is American Homes 4 Rent Cyclically Adjusted Price-to-FCF?

As of today (2024-06-09), American Homes 4 Rent's current share price is $35.75. American Homes 4 Rent's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was $1.53. American Homes 4 Rent's Cyclically Adjusted Price-to-FCF for today is 23.37.

The historical rank and industry rank for American Homes 4 Rent's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

LTS:0HEJ' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 21.28   Med: 24.97   Max: 40.38
Current: 23.32

During the past years, American Homes 4 Rent's highest Cyclically Adjusted Price-to-FCF was 40.38. The lowest was 21.28. And the median was 24.97.

LTS:0HEJ's Cyclically Adjusted Price-to-FCF is ranked worse than
77.89% of 389 companies
in the REITs industry
Industry Median: 11.47 vs LTS:0HEJ: 23.32

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.

American Homes 4 Rent's adjusted free cash flow per share data for the three months ended in Mar. 2024 was $0.485. 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 $1.53 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


American Homes 4 Rent Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for American Homes 4 Rent'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.

American Homes 4 Rent Cyclically Adjusted Price-to-FCF Chart

American Homes 4 Rent 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 - - 40.45 23.15 24.18

American Homes 4 Rent 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 23.18 24.98 22.82 24.18 24.06

Competitive Comparison of American Homes 4 Rent's Cyclically Adjusted Price-to-FCF

For the REIT - Residential subindustry, American Homes 4 Rent'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.


American Homes 4 Rent's Cyclically Adjusted Price-to-FCF Distribution in the REITs Industry

For the REITs industry and Real Estate sector, American Homes 4 Rent's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where American Homes 4 Rent's Cyclically Adjusted Price-to-FCF falls into.



American Homes 4 Rent 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.

American Homes 4 Rent's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=35.75/1.53
=23.37

* 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.

American Homes 4 Rent's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, American Homes 4 Rent'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)
=0.485/131.7762*131.7762
=0.485

Current CPI (Mar. 2024) = 131.7762.

American Homes 4 Rent Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.224 100.560 0.294
201409 0.212 100.428 0.278
201412 0.207 99.070 0.275
201503 0.137 99.621 0.181
201506 0.354 100.684 0.463
201509 0.247 100.392 0.324
201512 0.271 99.792 0.358
201603 0.313 100.470 0.411
201606 0.391 101.688 0.507
201609 0.391 101.861 0.506
201612 0.100 101.863 0.129
201703 0.424 102.862 0.543
201706 0.412 103.349 0.525
201709 0.389 104.136 0.492
201712 0.090 104.011 0.114
201803 0.353 105.290 0.442
201806 0.424 106.317 0.526
201809 0.368 106.507 0.455
201812 0.069 105.998 0.086
201903 0.445 107.251 0.547
201906 0.406 108.070 0.495
201909 0.379 108.329 0.461
201912 0.060 108.420 0.073
202003 0.349 108.902 0.422
202006 0.423 108.767 0.512
202009 0.375 109.815 0.450
202012 0.066 109.897 0.079
202103 0.397 111.754 0.468
202106 0.465 114.631 0.535
202109 0.406 115.734 0.462
202112 0.193 117.630 0.216
202203 0.388 121.301 0.422
202206 0.476 125.017 0.502
202209 0.495 125.227 0.521
202212 0.081 125.222 0.085
202303 0.468 127.348 0.484
202306 0.433 128.729 0.443
202309 0.465 129.860 0.472
202312 0.241 129.419 0.245
202403 0.485 131.776 0.485

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.


American Homes 4 Rent  (LTS:0HEJ) 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.


American Homes 4 Rent Cyclically Adjusted Price-to-FCF Related Terms

Thank you for viewing the detailed overview of American Homes 4 Rent's Cyclically Adjusted Price-to-FCF provided by GuruFocus.com. Please click on the following links to see related term pages.


American Homes 4 Rent (LTS:0HEJ) Business Description

Industry
Traded in Other Exchanges
Address
280 Pilot Road, Las Vegas, NV, USA, 89119
American Homes 4 Rent is a real estate investment trust primarily focused on acquiring, operating, and leasing single-family homes as rental properties throughout the United States. The company's real estate portfolio is largely comprised of single-family properties in urban markets in the Southern and Midwestern regions of the U.S. American Homes 4 Rent's land holdings also represent a sizable percentage of its total assets in terms of value. The company derives the vast majority of its income in the form of rental revenue from single-family properties through short-term or annual leases. The firm's largest geographical markets include Dallas, Texas; Indianapolis, Indiana; Atlanta, Georgia; and Charlotte, North Carolina in terms of the number of properties in each.

American Homes 4 Rent (LTS:0HEJ) Headlines

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