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Farmland Partners (Farmland Partners) Shiller PE Ratio : 1,082.00 (As of Apr. 29, 2024)


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What is Farmland Partners Shiller PE Ratio?

As of today (2024-04-29), Farmland Partners's current share price is $10.82. Farmland Partners's E10 for the quarter that ended in Dec. 2023 was $0.01. Farmland Partners's Shiller PE Ratio for today is 1,082.00.

The historical rank and industry rank for Farmland Partners's Shiller PE Ratio or its related term are showing as below:

FPI' s Shiller PE Ratio Range Over the Past 10 Years
Min: 1050   Med: 1108   Max: 1755.49
Current: 1082

During the past years, Farmland Partners's highest Shiller PE Ratio was 1755.49. The lowest was 1050.00. And the median was 1108.00.

FPI's Shiller PE Ratio is ranked worse than
100% of 448 companies
in the REITs industry
Industry Median: 11.32 vs FPI: 1082.00

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

Farmland Partners's adjusted earnings per share data for the three months ended in Dec. 2023 was $0.310. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is $0.01 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Farmland Partners Shiller PE Ratio Historical Data

The historical data trend for Farmland Partners's Shiller PE Ratio 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.

Farmland Partners Shiller PE Ratio Chart

Farmland Partners Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Shiller PE Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - - 2,021.08

Farmland Partners Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Shiller PE Ratio 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 - - - - 2,021.08

Competitive Comparison of Farmland Partners's Shiller PE Ratio

For the REIT - Specialty subindustry, Farmland Partners'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.


Farmland Partners's Shiller PE Ratio Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Farmland Partners's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Farmland Partners's Shiller PE Ratio falls into.



Farmland Partners Shiller PE Ratio Calculation

For Shiller PE Ratio, 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 PE Ratio is also called PE10.

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

Farmland Partners's Shiller PE Ratio for today is calculated as

Shiller PE Ratio=Share Price/ E10
=10.82/0.01
=1,082.00

* 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.

Farmland Partners's E10 for the quarter that ended in Dec. 2023 is calculated as:

For example, Farmland Partners's adjusted earnings per share data for the three months ended in Dec. 2023 was:

Adj_EPS=Earnings per Share (Diluted)/CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=0.31/129.4194*129.4194
=0.310

Current CPI (Dec. 2023) = 129.4194.

Farmland Partners Quarterly Data

Earnings per Share (Diluted) CPI Adj_EPS
201403 0.000 99.695 0.000
201406 -0.120 100.560 -0.154
201409 0.001 100.428 0.001
201412 -0.050 99.070 -0.065
201503 -0.020 99.621 -0.026
201506 -0.003 100.684 -0.004
201509 0.040 100.392 0.052
201512 0.040 99.792 0.052
201603 -0.150 100.470 -0.193
201606 -0.003 101.688 -0.004
201609 -0.060 101.861 -0.076
201612 0.300 101.863 0.381
201703 -0.100 102.862 -0.126
201706 0.020 103.349 0.025
201709 0.010 104.136 0.012
201712 0.070 104.011 0.087
201803 -0.080 105.290 -0.098
201806 -0.070 106.317 -0.085
201809 0.020 106.507 0.024
201812 0.090 105.998 0.110
201903 -0.100 107.251 -0.121
201906 0.080 108.070 0.096
201909 -0.150 108.329 -0.179
201912 0.090 108.420 0.107
202003 -0.090 108.902 -0.107
202006 -0.100 108.767 -0.119
202009 -0.090 109.815 -0.106
202012 0.060 109.897 0.071
202103 -0.020 111.754 -0.023
202106 -0.190 114.631 -0.215
202109 -0.170 115.734 -0.190
202112 0.220 117.630 0.242
202203 0.005 121.301 0.005
202206 0.040 125.017 0.041
202209 0.010 125.227 0.010
202212 0.110 125.222 0.114
202303 0.020 127.348 0.020
202306 0.120 128.729 0.121
202309 0.070 129.860 0.070
202312 0.310 129.419 0.310

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


Farmland Partners  (NYSE:FPI) Shiller PE Ratio Explanation

Compared with the regular PE Ratio, which works poorly for cyclical businesses, the Shiller PE Ratio smoothed out the fluctuations of profit margins during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Shiller PE Ratio should give similar results to regular PE Ratio.

Compared with the PS Ratio, the Shiller PE Ratio makes the comparison between different industries more meaningful.


Be Aware

Shiller PE Ratio assumes that over the long term, businesses and profitability revert to their means. If a company's business model does not work in the future compared with the past, Shiller PE Ratio and PS Ratio will give false valuations.


Farmland Partners Shiller PE Ratio Related Terms

Thank you for viewing the detailed overview of Farmland Partners's Shiller PE Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Farmland Partners (Farmland Partners) Business Description

Traded in Other Exchanges
Address
4600 South Syracuse Street, Suite 1450, Denver, CO, USA, 80237
Farmland Partners Inc owns and seeks to acquire high-quality farmland throughout North America. The company is an internally managed real estate company and owns and contracts of farmland and storage facilities located across the United States. Its properties are farmed by over 100 tenants growing more than 26 commercial crops. Farmland Partners generates its revenues through the rent it receives from its tenants.
Executives
Paul A Pittman director, officer: President and CEO 4910 BIRCH ST., SUITE 102, NEWPORT BEACH CA 92660
Jennifer S Grafton director 9540 SOUTH MAROON CIRCLE, SUITE 200, ENGLEWOOD CO 80112
Murray R Wise director 2407 S NEIL PO BOX 3009, CHAMPAIGN IL 61826
Luca Fabbri officer: CFO, Secretary and Treasurer C/O FARMLAND PARTNERS INC., 8670 WOLFF COURT, SUITE 240, WESTMINSTER CO 80031
Christine M. Garrison officer: General Counsel and Secretary C/O FARMLAND PARTNERS INC., 4600 S. SYRACUSE STREET, SUITE 1450, DENVER CO 80237
John A Good director C/O JERNIGAN CAPITAL, INC., 1395 BRICKELL AVENUE, MIAMI FL 33131
Danny D. Moore director C/O FARMLAND PARTNERS INC., 4600 S. SYRACUSE STREET, SUITE 1450, DENVER CO 80237
James Gilligan officer: Chief Financial Officer C/O FARMLAND PARTNERS INC., 4600 S. SYRACUSE STREET, SUITE 1450, DENVER CO 80237
Thomas Heneghan director C/O MANUFACTURED HOME COMMUNITIES INC, 2 N RIVER PLAZA #800, CHICAGO IL 60606
Toby Orourke director FARMLAND PARTNERS INC., 4600 S. SYRACUSE STREET, SUITE 1450, DENVER CO 80237
Erica Borenstein officer: General Counsel and Secretary C/O FARMLAND PARTNERS INC., 8670 WOLFF COURT, SUITE 240, WESTMINSTER CO 80031
Chris A Downey director C/O FARMLAND PARTNERS INC., : 8670 WOLFF COURT, SUITE 240, WESTMINSTER CO 80031
Jay Bartels director C/O FARMLAND PARTNERS INC., 8670 WOLFF COURT, SUITE 240, WESTMINSTER CO 80031
Joseph W Glauber director FARMLAND PARTNERS INC., 8670 WOLFF COURT, SUITE 240, WESTMINSTER CO 80031
Dennie Dixon Boardman director C/O OPTIMA FUND MANAGEMENT LLC, 10 EAST 53RD STREET, NEW YORK NY 10022