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Four Corners Property Trust (Four Corners Property Trust) Cyclically Adjusted PS Ratio : 9.46 (As of May. 02, 2024)


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What is Four Corners Property Trust Cyclically Adjusted PS Ratio?

As of today (2024-05-02), Four Corners Property Trust's current share price is $23.56. Four Corners Property Trust's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 was $2.49. Four Corners Property Trust's Cyclically Adjusted PS Ratio for today is 9.46.

The historical rank and industry rank for Four Corners Property Trust's Cyclically Adjusted PS Ratio or its related term are showing as below:

FCPT' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 8.31   Med: 9.49   Max: 10.21
Current: 9.43

During the past years, Four Corners Property Trust's highest Cyclically Adjusted PS Ratio was 10.21. The lowest was 8.31. And the median was 9.49.

FCPT's Cyclically Adjusted PS Ratio is ranked worse than
81.3% of 492 companies
in the REITs industry
Industry Median: 5 vs FCPT: 9.43

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 PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted revenue per share of a company over the past 10 years.

Four Corners Property Trust's adjusted revenue per share data for the three months ended in Dec. 2023 was $0.718. Add all the adjusted revenue per share for the past 10 years together and divide 10 will get our Cyclically Adjusted Revenue per Share, which is $2.49 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Four Corners Property Trust Cyclically Adjusted PS Ratio Historical Data

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

Four Corners Property Trust Cyclically Adjusted PS Ratio Chart

Four Corners Property Trust Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - - 10.17

Four Corners Property Trust Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Cyclically Adjusted PS 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 - - - 8.93 10.17

Competitive Comparison of Four Corners Property Trust's Cyclically Adjusted PS Ratio

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

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

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



Four Corners Property Trust Cyclically Adjusted PS Ratio Calculation

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

Four Corners Property Trust's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=23.56/2.49
=9.46

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

For example, Four Corners Property Trust's adjusted Revenue per Share data for the three months ended in Dec. 2023 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=0.718/129.4194*129.4194
=0.718

Current CPI (Dec. 2023) = 129.4194.

Four Corners Property Trust Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201312 0.000 98.326 0.000
201406 0.000 100.560 0.000
201409 0.102 100.428 0.131
201412 0.102 99.070 0.133
201503 0.115 99.621 0.149
201506 0.109 100.684 0.140
201509 0.103 100.392 0.133
201512 0.457 99.792 0.593
201603 0.529 100.470 0.681
201606 0.516 101.688 0.657
201609 0.515 101.861 0.654
201612 0.522 101.863 0.663
201703 0.545 102.862 0.686
201706 0.549 103.349 0.687
201709 0.547 104.136 0.680
201712 0.553 104.011 0.688
201803 0.567 105.290 0.697
201806 0.560 106.317 0.682
201809 0.551 106.507 0.670
201812 0.554 105.998 0.676
201903 0.579 107.251 0.699
201906 0.578 108.070 0.692
201909 0.586 108.329 0.700
201912 0.592 108.420 0.707
202003 0.604 108.902 0.718
202006 0.582 108.767 0.693
202009 0.603 109.815 0.711
202012 0.599 109.897 0.705
202103 0.614 111.754 0.711
202106 0.647 114.631 0.730
202109 0.664 115.734 0.743
202112 0.669 117.630 0.736
202203 0.677 121.301 0.722
202206 0.689 125.017 0.713
202209 0.682 125.227 0.705
202212 0.681 125.222 0.704
202303 0.696 127.348 0.707
202306 0.693 128.729 0.697
202309 0.716 129.860 0.714
202312 0.718 129.419 0.718

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue 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.


Four Corners Property Trust  (NYSE:FCPT) Cyclically Adjusted PS Ratio Explanation

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


Four Corners Property Trust Cyclically Adjusted PS Ratio Related Terms

Thank you for viewing the detailed overview of Four Corners Property Trust's Cyclically Adjusted PS Ratio 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