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CubeSmart (CubeSmart) Cyclically Adjusted Price-to-FCF : 19.32 (As of Apr. 27, 2024)


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What is CubeSmart Cyclically Adjusted Price-to-FCF?

As of today (2024-04-27), CubeSmart's current share price is $40.76. CubeSmart's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was $2.11. CubeSmart's Cyclically Adjusted Price-to-FCF for today is 19.32.

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

CUBE' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 16.26   Med: 43.41   Max: 103.97
Current: 19.35

During the past years, CubeSmart's highest Cyclically Adjusted Price-to-FCF was 103.97. The lowest was 16.26. And the median was 43.41.

CUBE's Cyclically Adjusted Price-to-FCF is ranked worse than
70.26% of 390 companies
in the REITs industry
Industry Median: 11.545 vs CUBE: 19.35

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.

CubeSmart's adjusted free cash flow per share data for the three months ended in Dec. 2023 was $0.645. 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 $2.11 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


CubeSmart Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for CubeSmart'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.

CubeSmart Cyclically Adjusted Price-to-FCF Chart

CubeSmart 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 43.69 35.32 34.28 21.09 22.00

CubeSmart Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 21.09 23.40 22.00 18.29 22.00

Competitive Comparison of CubeSmart's Cyclically Adjusted Price-to-FCF

For the REIT - Industrial subindustry, CubeSmart'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.


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

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

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



CubeSmart 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=40.76/2.11
=19.32

* 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.

CubeSmart's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 is calculated as:

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

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=0.645/129.4194*129.4194
=0.645

Current CPI (Dec. 2023) = 129.4194.

CubeSmart Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 0.214 99.695 0.278
201406 0.279 100.560 0.359
201409 0.312 100.428 0.402
201412 0.290 99.070 0.379
201503 0.260 99.621 0.338
201506 0.340 100.684 0.437
201509 0.362 100.392 0.467
201512 0.314 99.792 0.407
201603 0.358 100.470 0.461
201606 0.346 101.688 0.440
201609 0.429 101.861 0.545
201612 0.332 101.863 0.422
201703 0.375 102.862 0.472
201706 0.437 103.349 0.547
201709 0.423 104.136 0.526
201712 0.375 104.011 0.467
201803 0.361 105.290 0.444
201806 0.485 106.317 0.590
201809 0.422 106.507 0.513
201812 0.372 105.998 0.454
201903 0.401 107.251 0.484
201906 0.534 108.070 0.639
201909 0.426 108.329 0.509
201912 0.371 108.420 0.443
202003 0.417 108.902 0.496
202006 0.554 108.767 0.659
202009 0.408 109.815 0.481
202012 0.423 109.897 0.498
202103 0.490 111.754 0.567
202106 0.588 114.631 0.664
202109 0.616 115.734 0.689
202112 0.498 117.630 0.548
202203 0.579 121.301 0.618
202206 0.680 125.017 0.704
202209 0.718 125.227 0.742
202212 0.642 125.222 0.664
202303 0.599 127.348 0.609
202306 0.713 128.729 0.717
202309 0.744 129.860 0.741
202312 0.645 129.419 0.645

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.


CubeSmart  (NYSE:CUBE) 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.


CubeSmart Cyclically Adjusted Price-to-FCF Related Terms

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


CubeSmart (CubeSmart) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » CubeSmart (NYSE:CUBE) » Definitions » Cyclically Adjusted Price-to-FCF
Traded in Other Exchanges
Address
5 Old Lancaster Road, Malvern, PA, USA, 19355
CubeSmart is a real estate investment trust that acquires, owns, and manages self-storage facilities throughout the United States. The company's real estate portfolio is composed of buildings with numerous enclosed storage areas for both residential and commercial customers to rent mainly on a month-by-month basis. Most of CubeSmart's facilities are located in Florida, Texas, California, New York, and Illinois. Cumulatively, these states account for both the majority of the square footage in the company's real estate portfolio and the majority of its revenue. CubeSmart derives nearly all of its revenue from rental income from tenants utilizing its storage facilities.
Executives
Christopher P Marr officer: Chief Financial Officer 460 E. SWEDESFORD ROAD, SUITE 3000, WAYNE PA 19087
Jeffrey P Foster officer: Sr. VP - Chief Legal Officer 460 EAST SWEDESFORD ROAD, SUITE 3000, WAYNE PA 19087
Timothy M Martin officer: SVP & Chief Accounting Officer 460 E. SWEDESFORD ROAD, SUITE 3000, WAYNE PA 19087
Matthew D Denarie officer: Chief Accounting Officer 5 OLD LANCASTER ROAD, MALVERN PA 19355
Jennifer Schulte officer: Chief Human Resources Officer 5 OLD LANCASTER ROAD, MALVERN PA 19355
Jit Kee Chin director ONE FEDERAL STREET, 23RD FLOOR, BOSTON MA 02110
Jair K Lynch director 5 OLD LANCASTER RD, MALVERN PA 19355
Joel D Keaton officer: Sr VP of Operations 5 OLD LANCASTER ROAD, MALVERN PA 19355
Marianne M Keler director 12061 BLUEMONT WAY, RESTON VA 20190
Jonathan L Perry officer: SVP and CIO 5 OLD LANCASTER ROAD, MALVERN PA 19355
Dororthy Dowling director 5 OLD LANCASTER ROAD, MALVERN PA 19355
Diefenderfer William M Iii director 300 CONTINENTAL DRIVE, NEWARK DE 19713
Dean Jernigan director, officer: CEO and President C/O FARMLAND PARTNERS INC., 8670 WOLFF COURT, SUITE 240, WESTMINSTER CO 80031
Deborah Ratnersalzberg director 301 WATER ST SE SUITE 201, WASHINGTON DC 20003
John W Fain director 1000 SEMMES AVE, RICHMOND VA 23224