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Four Corners Property Trust (FRA:4Z1) E10 : €1.26 (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 €0.239. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is €1.26 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 (2024-06-09), Four Corners Property Trust's current stock price is €22.40. Four Corners Property Trust's E10 for the quarter that ended in Mar. 2024 was €1.26. Four Corners Property Trust's Shiller PE Ratio of today is 17.78.

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 17.31.


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 - - - - 1.23

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 - - 1.29 1.23 1.26

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)
=0.239/131.7762*131.7762
=0.239

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 0.002 100.392 0.003
201512 0.114 99.792 0.151
201603 1.446 100.470 1.897
201606 0.223 101.688 0.289
201609 0.223 101.861 0.288
201612 0.512 101.863 0.662
201703 0.243 102.862 0.311
201706 0.267 103.349 0.340
201709 0.260 104.136 0.329
201712 0.253 104.011 0.321
201803 0.211 105.290 0.264
201806 0.377 106.317 0.467
201809 0.231 106.507 0.286
201812 0.272 105.998 0.338
201903 0.230 107.251 0.283
201906 0.230 108.070 0.280
201909 0.245 108.329 0.298
201912 0.243 108.420 0.295
202003 0.244 108.902 0.295
202006 0.231 108.767 0.280
202009 0.229 109.815 0.275
202012 0.222 109.897 0.266
202103 0.227 111.754 0.268
202106 0.216 114.631 0.248
202109 0.238 115.734 0.271
202112 0.266 117.630 0.298
202203 0.254 121.301 0.276
202206 0.331 125.017 0.349
202209 0.303 125.227 0.319
202212 0.255 125.222 0.268
202303 0.252 127.348 0.261
202306 0.249 128.729 0.255
202309 0.253 129.860 0.257
202312 0.248 129.419 0.253
202403 0.239 131.776 0.239

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


Four Corners Property Trust  (FRA:4Z1) 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
=22.40/1.26
=17.78

* 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 17.31.


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 (FRA:4Z1) 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.

Four Corners Property Trust (FRA:4Z1) Headlines

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