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Crown Castle (WBO:CCIN) Cyclically Adjusted Price-to-FCF : 31.49 (As of May. 17, 2024)


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What is Crown Castle Cyclically Adjusted Price-to-FCF?

As of today (2024-05-17), Crown Castle's current share price is €96.04. Crown Castle's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was €3.05. Crown Castle's Cyclically Adjusted Price-to-FCF for today is 31.49.

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

WBO:CCIN' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 26.42   Med: 66.35   Max: 89.29
Current: 31.53

During the past years, Crown Castle's highest Cyclically Adjusted Price-to-FCF was 89.29. The lowest was 26.42. And the median was 66.35.

WBO:CCIN's Cyclically Adjusted Price-to-FCF is ranked worse than
83.46% of 387 companies
in the REITs industry
Industry Median: 11.72 vs WBO:CCIN: 31.53

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.

Crown Castle's adjusted free cash flow per share data for the three months ended in Mar. 2024 was €0.590. 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 €3.05 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Crown Castle Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Crown Castle'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.

Crown Castle Cyclically Adjusted Price-to-FCF Chart

Crown Castle 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 68.10 69.33 77.81 44.15 35.30

Crown Castle 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 43.04 35.02 28.24 35.30 32.08

Competitive Comparison of Crown Castle's Cyclically Adjusted Price-to-FCF

For the REIT - Specialty subindustry, Crown Castle'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.


Crown Castle's Cyclically Adjusted Price-to-FCF Distribution in the REITs Industry

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

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



Crown Castle 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.

Crown Castle's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=96.04/3.05
=31.49

* 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.

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

For example, Crown Castle'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)
=0.59/131.7762*131.7762
=0.590

Current CPI (Mar. 2024) = 131.7762.

Crown Castle Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.541 100.560 0.709
201409 0.533 100.428 0.699
201412 0.520 99.070 0.692
201503 0.718 99.621 0.950
201506 0.651 100.684 0.852
201509 0.358 100.392 0.470
201512 0.680 99.792 0.898
201603 0.655 100.470 0.859
201606 0.739 101.688 0.958
201609 0.435 101.861 0.563
201612 0.598 101.863 0.774
201703 0.465 102.862 0.596
201706 0.457 103.349 0.583
201709 0.408 104.136 0.516
201712 0.527 104.011 0.668
201803 0.162 105.290 0.203
201806 0.547 106.317 0.678
201809 0.383 106.507 0.474
201812 0.477 105.998 0.593
201903 0.068 107.251 0.084
201906 0.417 108.070 0.508
201909 0.269 108.329 0.327
201912 0.620 108.420 0.754
202003 0.446 108.902 0.540
202006 0.725 108.767 0.878
202009 0.562 109.815 0.674
202012 1.135 109.897 1.361
202103 0.547 111.754 0.645
202106 0.918 114.631 1.055
202109 0.664 115.734 0.756
202112 0.810 117.630 0.907
202203 0.580 121.301 0.630
202206 1.038 125.017 1.094
202209 0.847 125.227 0.891
202212 0.981 125.222 1.032
202303 0.570 127.348 0.590
202306 1.574 128.729 1.611
202309 0.402 129.860 0.408
202312 1.080 129.419 1.100
202403 0.590 131.776 0.590

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.


Crown Castle  (WBO:CCIN) 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.


Crown Castle Cyclically Adjusted Price-to-FCF Related Terms

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


Crown Castle (WBO:CCIN) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Crown Castle Inc (WBO:CCIN) » Definitions » Cyclically Adjusted Price-to-FCF
Traded in Other Exchanges
Address
8020 Katy Freeway, Houston, TX, USA, 77024-1908
Crown Castle International owns and leases roughly 40,000 cell towers in the United States. It also owns more than 85,000 route miles of fiber. It leases space on its towers to wireless service providers, which install equipment on the towers to support their wireless networks. The company's fiber is primarily leased by wireless service providers to set up small-cell network infrastructure and by enterprises for their internal connection needs. Crown Castle's towers and fiber are predominantly located in the largest U.S. cities. The company has a very concentrated customer base, with more than 70% of its revenue coming from the big three U.S. mobile carriers. Crown Castle operates as a real estate investment trust.

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