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Four Corners Property Trust (Four Corners Property Trust) E10 : $1.39 (As of Mar. 2024)


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What is Four Corners Property Trust E10?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller P/E calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years.

Four Corners Property Trust's adjusted earnings per share data for the three months ended in Mar. 2024 was $0.260. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $1.39 for the trailing ten years ended in Mar. 2024.

Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the E10 growth rate using E10 data.

As of today (2024-05-24), Four Corners Property Trust's current stock price is $24.06. Four Corners Property Trust's E10 for the quarter that ended in Mar. 2024 was $1.39. Four Corners Property Trust's Shiller PE Ratio of today is 17.31.

During the past 12 years, the highest Shiller PE Ratio of Four Corners Property Trust was 18.38. The lowest was 14.83. And the median was 17.27.


Four Corners Property Trust E10 Historical Data

The historical data trend for Four Corners Property Trust's E10 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.

Four Corners Property Trust E10 Chart

Four Corners Property Trust Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - - 1.37

Four Corners Property Trust Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
E10 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 - - 1.39 1.37 1.39

Competitive Comparison of Four Corners Property Trust's E10

For the REIT - Retail subindustry, Four Corners Property Trust's Shiller PE Ratio, along with its competitors' market caps and Shiller PE Ratio 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.


Four Corners Property Trust's Shiller PE Ratio Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Four Corners Property Trust's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Four Corners Property Trust's Shiller PE Ratio falls into.



Four Corners Property Trust E10 Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller P/E calculation. When we calculate the today's Shiller P/E ratio of a stock, we use today's price divided by E10.

What is E10? How do we calculate E10?

E10 is the average of the inflation adjusted earnings of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the E10 of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the earnings from 2001 through 2010.

We adjusted the earnings of 2001 earnings data with the total inflation from 2001 through 2010 to the equivalent earnings in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart earned $1 a share in 2001, then the 2001's equivalent earnings in 2010 is $1.4 a share. If Wal-Mart earns $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 earnings in 2010 is $1.35. So on and so forth, you get the equivalent earnings of past 10 years. Then you add them together and divided the sum by 10 to get E10.

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.

For example, Four Corners Property Trust's adjusted earnings per share data for the three months ended in Mar. 2024 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=0.26/131.7762*131.7762
=0.260

Current CPI (Mar. 2024) = 131.7762.

Four Corners Property Trust Quarterly Data

per share eps CPI Adj_EPS
201406 0.000 100.560 0.000
201409 0.000 100.428 0.000
201412 -0.002 99.070 -0.003
201503 0.003 99.621 0.004
201506 0.003 100.684 0.004
201509 0.003 100.392 0.004
201512 0.124 99.792 0.164
201603 1.610 100.470 2.112
201606 0.250 101.688 0.324
201609 0.250 101.861 0.323
201612 0.540 101.863 0.699
201703 0.260 102.862 0.333
201706 0.300 103.349 0.383
201709 0.310 104.136 0.392
201712 0.300 104.011 0.380
201803 0.260 105.290 0.325
201806 0.440 106.317 0.545
201809 0.270 106.507 0.334
201812 0.310 105.998 0.385
201903 0.260 107.251 0.319
201906 0.260 108.070 0.317
201909 0.270 108.329 0.328
201912 0.270 108.420 0.328
202003 0.270 108.902 0.327
202006 0.260 108.767 0.315
202009 0.270 109.815 0.324
202012 0.270 109.897 0.324
202103 0.270 111.754 0.318
202106 0.260 114.631 0.299
202109 0.280 115.734 0.319
202112 0.300 117.630 0.336
202203 0.280 121.301 0.304
202206 0.350 125.017 0.369
202209 0.300 125.227 0.316
202212 0.270 125.222 0.284
202303 0.270 127.348 0.279
202306 0.270 128.729 0.276
202309 0.270 129.860 0.274
202312 0.270 129.419 0.275
202403 0.260 131.776 0.260

Add all the adjusted EPS together and divide 10 will get our e10.


Four Corners Property Trust  (NYSE:FCPT) E10 Explanation

If a company grows much fast than inflation, E10 may underestimate the company's earnings power. Shiller PE Ratio can seem to be too high even the actual P/E is low.

For the Shiller P/E, the earnings of the past 10 years are inflation-adjusted and averaged. The result is used for P/E calculation. Since it looks at the average over the last 10 years, the Shiller P/E is also called PE10.

The Shiller P/E was first used by professor Robert Shiller to measure the valuation of the overall market. The same calculation is applied here to individual companies.

Four Corners Property Trust's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=24.06/1.39
=17.31

* 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.

During the past 12 years, the highest Shiller P/E Ratio of Four Corners Property Trust was 18.38. The lowest was 14.83. And the median was 17.27.


Be Aware

Shiller PE Ratio works better for cyclical companies. It gives you a better idea on the company's real earnings power.


Four Corners Property Trust E10 Related Terms

Thank you for viewing the detailed overview of Four Corners Property Trust's E10 provided by GuruFocus.com. Please click on the following links to see related term pages.


Four Corners Property Trust (Four Corners Property Trust) Business Description

Traded in Other Exchanges
Address
591 Redwood Highway, Suite 3215, Mill Valley, CA, USA, 94941
Four Corners Property Trust Inc is a real estate investment trust primarily engaged in the ownership, acquisition and leasing of restaurant and retail properties. The company seeks to grow its portfolio by acquiring additional real estate to lease, on a net basis, for use in the restaurant and retail industries. The firm operates through two segments namely, real estate operations and restaurant operations. The real estate operations segment consists of rental revenues primarily generated by leasing restaurant and retail properties to tenants. The restaurant operations segment is conducted through a taxable REIT subsidiary (TRS) and consists of Kerrow Restaurant Operating Business. The firm generates most of the revenue from the real estate operations segment.
Executives
Douglas B Hansen director ONE BELEVEDERE PLACE, SUITE 300, BELVEDERE CA 94941
William H Lenehan director, officer: President and CEO 2784 UNION STREET APT 1, SAN FRANCISCO CA 94123
John S Moody director MARSH MCLENNAN REALTY ADVISORS, 1166 AVENUE OF THE AMERICAS, NEW YORK NY 10036
Jesuele Barbara Angelica Faylona director 15308 DE PAUW STREET, PACIFIC PALISADES CA 90272
Niccole Stewart officer: Chief Accounting Officer 591 REDWOOD HIGHWAY, SUITE 1150, MILL VALLEY CA 94941
Elizabeth Tennican director 119 30TH AVE, SAN FRANCISCO CA 94121
Toni S Steele director 6147 SAN VICENTE BOULEVARD, LOS ANGELES CA 90048
Gerald R Morgan officer: Chief Financial Officer 591 REDWOOD HIGHWAY, SUITE 1150, MILL VALLEY CA 94941
James L Brat officer: General Counsel 591 REDWOOD HIGHAWY, SUITE 1150, MILL VALLEY CA 94941
Eric Hirschhorn director 12701 WHITEWATER DRIVE, SUITE 200, MINNETONKA MN 55343
Charles Jemley director C/O FOUR CORNERS PROPERTY TRUST, INC., 591 REDWOOD HIGHWAY, SUITE 1150, MILL VALLEY CA 94941
Paul E. Szurek director C/O CORESITE REALTY CORPORATION, 1001 17TH STREET, SUITE 500, DENVER CO 80202
Marran H. Ogilvie director 599 LEXINGTON AVENUE, NEW YORK NY 10022
Darden Restaurants Inc 10 percent owner 1000 DARDEN CENTER DRIVE, ORLANDO FL 32837