GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Crown Castle Inc (NYSE:CCI) » Definitions » Cyclically Adjusted Price-to-FCF

Crown Castle (Crown Castle) Cyclically Adjusted Price-to-FCF : 28.88 (As of Apr. 27, 2024)


View and export this data going back to 1998. Start your Free Trial

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

As of today (2024-04-27), Crown Castle's current share price is $93.58. Crown Castle's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was $3.24. Crown Castle's Cyclically Adjusted Price-to-FCF for today is 28.88.

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

CCI' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 26.42   Med: 66.5   Max: 89.44
Current: 28.87

During the past years, Crown Castle's highest Cyclically Adjusted Price-to-FCF was 89.44. The lowest was 26.42. And the median was 66.50.

CCI's Cyclically Adjusted Price-to-FCF is ranked worse than
82.31% of 390 companies
in the REITs industry
Industry Median: 11.545 vs CCI: 28.87

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 $0.641. 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 $3.24 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 32.65

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
=93.58/3.24
=28.88

* 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)
=0.641/129.4194*129.4194
=0.641

Current CPI (Mar. 2024) = 129.4194.

Crown Castle Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.736 100.560 0.947
201409 0.687 100.428 0.885
201412 0.642 99.070 0.839
201503 0.777 99.621 1.009
201506 0.730 100.684 0.938
201509 0.402 100.392 0.518
201512 0.741 99.792 0.961
201603 0.729 100.470 0.939
201606 0.830 101.688 1.056
201609 0.489 101.861 0.621
201612 0.631 101.863 0.802
201703 0.497 102.862 0.625
201706 0.514 103.349 0.644
201709 0.486 104.136 0.604
201712 0.624 104.011 0.776
201803 0.200 105.290 0.246
201806 0.639 106.317 0.778
201809 0.447 106.507 0.543
201812 0.543 105.998 0.663
201903 0.077 107.251 0.093
201906 0.471 108.070 0.564
201909 0.297 108.329 0.355
201912 0.689 108.420 0.822
202003 0.493 108.902 0.586
202006 0.816 108.767 0.971
202009 0.662 109.815 0.780
202012 1.380 109.897 1.625
202103 0.651 111.754 0.754
202106 1.106 114.631 1.249
202109 0.781 115.734 0.873
202112 0.915 117.630 1.007
202203 0.638 121.301 0.681
202206 1.097 125.017 1.136
202209 0.839 125.227 0.867
202212 1.039 125.222 1.074
202303 0.611 127.348 0.621
202306 1.705 128.729 1.714
202309 0.429 129.860 0.428
202312 1.177 129.419 1.177
202403 0.641 129.419 0.641

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  (NYSE:CCI) 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 (Crown Castle) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Crown Castle Inc (NYSE:CCI) » 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.
Executives
Robert Sean Collins officer: Vice President and Controller 8020 KATY FREEWAY, HOUSTON TX 77024
Maria M Pope director C/O PORTLAND GENERAL ELECTRIC CO., 121 SW SALMON ST, PORTLAND OR 97204
Kevin T Kabat director UNUM GROUP, 1 FOUNTAIN SQUARE, CHATTANOOGA TN 37402
Kevin A Stephens director 1220 AUGUSTA DRIVE, SUITE 600, HOUSTON TX 77057
Laura B Nichol officer: EVP - Business Support 8020 KATY FREEWAY, HOUSTON TX 77024
Christopher Levendos officer: EVP & COO - Fiber 8020 KATY FREEWAY, HOUSTON TX 77024
Adams Edward B Jr officer: EVP and General Counsel 8020 KATY FREEWAY, HOUSTON TX 77024
Matthew Iii Thornton director 3610 HACKS CROSS ROAD, MEMPHIS TN 38125
Michael Joseph Kavanagh officer: SVP & Chief Commercial Officer 8020 KATY FREEWAY, HOUSTON TX 77024
Catherine Piche officer: EVP & COO-Towers 8020 KATY FREEWAY, HOUSTON TX 77024
Daniel K Schlanger officer: SVP & Chief Financial Officer 8020 KATY FREEWAY, HOUSTON TX 77024
J Landis Martin director TIMET CORP, 1999 BROADWAY SUITE 4300, DENVER CO 80202
Kenneth Jay Simon officer: SVP and General Counsel 8020 KATY FREEWAY, HOUSTON TX 77024
James D Young officer: SVP & Chief Operating Officer 510 BERING DRIVE, SUITE 500, HOUSTON TX 77057
Tammy Jones director MONOGRAM RESIDENTIAL TRUST,INC., 5800 GRANITE PARKWAY, SUITE 1000, PLANO TX 75024