FHRT (First Hartford) E10: $1.04 (As of Apr. 2025)


FHRT First Hartford Corp FHRT
44 GF Score
Price $26.99
GF Value $13.79
Valuation Significantly Overvalued
! 5 Warning Signs
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What is First Hartford E10?

First Hartford FHRT 44 E10 is $1.04 as of Apr. 2025. GuruFocus rates FHRT with a GF Score™ of 44/100 and a GF Value™ of $13.79 (Significantly Overvalued). The stock has 5 warning signs investors should review.

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.

First Hartford's adjusted earnings per share data for the fiscal year that ended in Apr. 2025 was $4.880. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $1.04 for the trailing ten years ended in Apr. 2025.

During the past 12 months, First Hartford's average E10 Growth Rate was 136.40% per year. During the past 3 years, the average E10 Growth Rate was 73.20% per year. During the past 5 years, the average E10 Growth Rate was 94.70% per year. 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.

During the past 13 years, the highest 3-Year average E10 Growth Rate of First Hartford was 120.10% per year. The lowest was -71.00% per year. And the median was 14.80% per year.

As of today (2026-07-01), First Hartford's current stock price is $ 26.99. First Hartford's E10 for the fiscal year that ended in Apr. 2025 was $1.04. First Hartford's Shiller PE Ratio of today is 25.95.

During the past 13 years, the highest Shiller PE Ratio of First Hartford was 56.82. The lowest was 6.25. And the median was 18.75.


First Hartford  (OTCPK:FHRT) 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.

First Hartford's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=26.99/1.04
=25.95

* 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 13 years, the highest Shiller P/E Ratio of First Hartford was 56.82. The lowest was 6.25. And the median was 18.75.


Be Aware

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


First Hartford E10 Related Terms


First Hartford E10 Historical Data

* Premium members only.

The historical data trend for First Hartford'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.

First Hartford E10 Chart

First Hartford Annual Data
Trend Apr11 Apr12 Apr13 Apr14 Apr15 Apr16 Apr17 Apr18 Apr24 Apr25
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.08 0.20 0.32 0.44 1.04

First Hartford Semi-Annual Data
Apr01 Apr02 Apr03 Apr04 Apr05 Apr06 Apr07 Apr08 Apr09 Apr10 Apr11 Apr12 Apr13 Apr14 Apr15 Apr16 Apr17 Apr18 Apr24 Apr25
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 0.08 0.20 0.32 0.44 1.04

FHRT vs KANP, AEI, JFB: E10 Comparison

For the Real Estate - Development subindustry, First Hartford'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.


First Hartford Shiller PE Ratio vs Real Estate Industry

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

* The bar in red indicates where First Hartford's Shiller PE Ratio falls into.


FHRT
44GF Score
First Hartford Corp FHRT
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

First Hartford 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, First Hartford's adjusted earnings per share data for the fiscal year that ended in Apr. 2025 was:

Adj_EPS=Earnings per Share (Diluted) /CPI of Apr. 2025 (Change)*Current CPI (Apr. 2025)
=4.88/320.7950*320.7950
=4.880

Current CPI (Apr. 2025) = 320.7950.

First Hartford Annual Data

per_share_eps CPI Adj_EPS
201104 -1.560 224.906 -2.225
201204 -0.730 230.085 -1.018
201304 0.060 232.531 0.083
201404 -1.930 237.072 -2.612
201504 6.990 236.599 9.477
201604 0.730 239.261 0.979
201704 1.260 244.524 1.653
201804 0.680 250.546 0.871
202404 -1.670 313.548 -1.709
202504 4.880 320.795 4.880

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

Frequently Asked Questions Learn more about E10 →
What does a E10 of $1.04 mean?
First Hartford (FHRT) has a E10 of $1.04 as of Apr. 2025. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on First Hartford and its competitors.
Is First Hartford's E10 too high?
First Hartford's current E10 is $1.04. Overall, First Hartford has a GF Score™ of 44/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does First Hartford's E10 compare to KANP and AEI?
First Hartford's E10 of $1.04 can be compared against companies in the Real Estate industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good E10 for a Real Estate company?
A good E10 depends on the Real Estate industry context. However, E10 should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high E10 mean?
A high E10 can signal that a stock is expensive relative to its fundamentals. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on First Hartford and its competitors. First Hartford's current E10 is $1.04. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is First Hartford stock overvalued right now?
Based on GuruFocus' analysis, First Hartford (FHRT) is currently considered Significantly Overvalued. The stock's GF Value™ is $13.79, compared to a current price of $26.99 — trading 95.7% above its estimated fair value. The current E10 is $1.04. First Hartford's overall GF Score™ is 44/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is E10 calculated?
E10 is calculated from a company's financial statements. For First Hartford (FHRT), the current E10 is $1.04 as of Apr. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is First Hartford (FHRT) Overvalued in 2026?

Based on GuruFocus' analysis, First Hartford stock appears to be overvalued. The current stock price of $26.99 is trading 95.7% above its estimated GF Value™ of $13.79. GuruFocus considers First Hartford to be Significantly Overvalued.

Key valuation signals for FHRT:

  • E10: $1.04
  • GF Value™: $13.79 vs. price of $26.99 (95.7% above fair value)
  • GF Score™: 44/100 with 5 warning signs

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


First Hartford Business Description

Address 149 Colonial Road, Manchester, CT, USA, 06042
First Hartford Corp is a real estate company. It is engaged in the purchase, development, ownership, management, and sale of real estate. The company is also a preferred developer for CVS, Cumberland Farms, and others.
44GF Score

Get the complete analysis for FHRT

E10 is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$26.99
Price
$13.79
GF Value