Four Corners Property Trust (FRA:4Z1) Cyclically Adjusted PB Ratio: (As of Jul. 31, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
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Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

FRA:4Z1 Four Corners Property Trust Inc FRA:4Z1
81 GF Score
Price €22.40
GF Value €22.36
Valuation Fairly Valued
! 7 Warning Signs
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What is Four Corners Property Trust Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Four Corners Property Trust  (FRA:4Z1) Cyclically Adjusted PB Ratio Explanation

Compared with the regular PB Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PB Ratio smoothed out the fluctuations of book value 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 PB Ratio should give similar results to regular PB Ratio.


Four Corners Property Trust Cyclically Adjusted PB Ratio Related Terms


Four Corners Property Trust Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Four Corners Property Trust's Cyclically Adjusted PB 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.

Four Corners Property Trust Cyclically Adjusted PB Ratio Chart

Four Corners Property Trust Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 2.29 1.78

Four Corners Property Trust Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Cyclically Adjusted PB 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 2.15 1.88 1.78 1.77 0.00

FRA:4Z1 vs IVT, UE, AKR: Cyclically Adjusted PB Ratio Comparison

For the REIT - Retail subindustry, Four Corners Property Trust's Cyclically Adjusted PB Ratio, along with its competitors' market caps and Cyclically Adjusted PB 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 Cyclically Adjusted PB Ratio vs REITs Industry

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

* The bar in red indicates where Four Corners Property Trust's Cyclically Adjusted PB Ratio falls into.


FRA:4Z1
81GF Score
Four Corners Property Trust Inc FRA:4Z1
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Four Corners Property Trust Cyclically Adjusted PB Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PB Ratio takes the Book Value per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/B calculation. Because it considers this 10-year average, it's often referred to as the CAPB 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 PB Ratio.

Four Corners Property Trust's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Four Corners Property Trust's adjusted Book Value per Share data for the three months ended in Jun. 2026 was:

Adj_Book=Book Value per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=12.81/333.9520*333.9520
=12.810

Current CPI (Jun. 2026) = 333.9520.

Four Corners Property Trust Quarterly Data

Book Value per Share CPI Adj_Book
201609 6.537 241.428 9.042
201612 7.357 241.432 10.176
201703 7.302 243.801 10.002
201706 7.278 244.955 9.922
201709 6.936 246.819 9.385
201712 7.089 246.524 9.603
201803 6.872 249.554 9.196
201806 7.724 251.989 10.236
201809 8.605 252.439 11.384
201812 9.462 251.233 12.577
201903 8.846 254.202 11.621
201906 8.757 256.143 11.417
201909 8.929 256.759 11.613
201912 9.268 256.974 12.044
202003 8.983 258.115 11.622
202006 8.756 257.797 11.343
202009 8.800 260.280 11.291
202012 9.116 260.474 11.688
202103 9.361 264.877 11.802
202106 9.218 271.696 11.330
202109 9.627 274.310 11.720
202112 10.602 278.802 12.699
202203 10.995 287.504 12.771
202206 11.619 296.311 13.095
202209 13.005 296.808 14.633
202212 12.523 296.797 14.091
202303 12.268 301.836 13.573
202306 12.769 305.109 13.976
202309 12.947 307.789 14.048
202312 12.588 306.746 13.704
202403 12.622 312.332 13.496
202406 12.701 314.175 13.501
202409 12.627 315.301 13.374
202412 13.858 315.605 14.664
202503 13.237 319.799 13.823
202506 12.558 322.561 13.001
202509 12.509 324.800 12.861
202512 12.849 324.054 13.241
202603 13.099 330.213 13.247
202606 12.810 333.952 12.810

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book 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.

Is Four Corners Property Trust (FRA:4Z1) Overvalued in 2026?

Based on GuruFocus' analysis, Four Corners Property Trust stock appears to be overvalued. The current stock price of €22.40 is trading 0.2% above its estimated GF Value™ of €22.36. GuruFocus considers Four Corners Property Trust to be Fairly Valued.

Key valuation signals for FRA:4Z1:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: €22.36 vs. price of €22.40 (0.2% above fair value)
  • GF Score™: 81/100 with 7 warning signs

No single metric tells the full story. See the FRA:4Z1 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Four Corners Property Trust Business Description

Industry Real EstateREITs
Other Exchanges FCPT:USA4Z1:Germany
Address 591 Redwood Highway, Suite 3215, Mill Valley, CA, USA, 94941
Four Corners Property Trust Inc is a real estate investment trust predominantly 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 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 majority of the revenue from the real estate operations segment.
81GF Score

Get the complete analysis for FRA:4Z1

Cyclically Adjusted PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€22.40
Price
€22.36
GF Value