GLPI (Gaming and Leisure Properties) E10: $2.70 (As of Mar. 2026)


GLPI Gaming and Leisure Properties Inc GLPI
86 GF Score
Price $45.38
GF Value $49.74
Valuation Fairly Valued
! 5 Warning Signs
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What is Gaming and Leisure Properties E10?

Gaming and Leisure Properties GLPI +1.50% 86 E10 is $2.70 as of Mar. 2026. GuruFocus rates GLPI with a GF Score™ of 86/100 and a GF Value™ of $49.74 (Fairly Valued). 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.

Gaming and Leisure Properties's adjusted earnings per share data for the three months ended in Mar. 2026 was $0.820. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $2.70 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Gaming and Leisure Properties's average E10 Growth Rate was 10.20% per year. During the past 3 years, the average E10 Growth Rate was 11.20% 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 Gaming and Leisure Properties was 11.20% per year. The lowest was 11.20% per year. And the median was 11.20% per year.

As of today (2026-06-25), Gaming and Leisure Properties's current stock price is $45.38. Gaming and Leisure Properties's E10 for the quarter that ended in Mar. 2026 was $2.70. Gaming and Leisure Properties's Shiller PE Ratio of today is 16.81.

During the past 13 years, the highest Shiller PE Ratio of Gaming and Leisure Properties was 29.86. The lowest was 16.36. And the median was 20.80.


Gaming and Leisure Properties  (NAS:GLPI) 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.

Gaming and Leisure Properties's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=45.38/2.70
=16.81

* 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 Gaming and Leisure Properties was 29.86. The lowest was 16.36. And the median was 20.80.


Be Aware

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


Gaming and Leisure Properties E10 Related Terms


Gaming and Leisure Properties E10 Historical Data

* Premium members only.

The historical data trend for Gaming and Leisure Properties'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.

Gaming and Leisure Properties E10 Chart

Gaming and Leisure Properties Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 1.90 2.22 2.40 2.61

Gaming and Leisure Properties Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 2.45 2.49 2.56 2.61 2.70

GLPI vs LAMR, WY, RYN: E10 Comparison

For the REIT - Specialty subindustry, Gaming and Leisure Properties'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.


Gaming and Leisure Properties Shiller PE Ratio vs REITs Industry

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

* The bar in red indicates where Gaming and Leisure Properties's Shiller PE Ratio falls into.


GLPI
86GF Score
Gaming and Leisure Properties Inc GLPI
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
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Gaming and Leisure Properties 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, Gaming and Leisure Properties's adjusted earnings per share data for the three months ended in Mar. 2026 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=0.82/330.2130*330.2130
=0.820

Current CPI (Mar. 2026) = 330.2130.

Gaming and Leisure Properties Quarterly Data

per share eps CPI Adj_EPS
201606 0.390 241.018 0.534
201609 0.430 241.428 0.588
201612 0.450 241.432 0.615
201703 0.450 243.801 0.609
201706 0.450 244.955 0.607
201709 0.450 246.819 0.602
201712 0.430 246.524 0.576
201803 0.450 249.554 0.595
201806 0.430 251.989 0.563
201809 0.490 252.439 0.641
201812 0.210 251.233 0.276
201903 0.430 254.202 0.559
201906 0.430 256.143 0.554
201909 0.420 256.759 0.540
201912 0.530 256.974 0.681
202003 0.450 258.115 0.576
202006 0.520 257.797 0.666
202009 0.580 260.280 0.736
202012 0.740 260.474 0.938
202103 0.540 264.877 0.673
202106 0.590 271.696 0.717
202109 0.630 274.310 0.758
202112 0.500 278.802 0.592
202203 0.480 287.504 0.551
202206 0.610 296.311 0.680
202209 0.850 296.808 0.946
202212 0.750 296.797 0.834
202303 0.700 301.836 0.766
202306 0.590 305.109 0.639
202309 0.700 307.789 0.751
202312 0.780 306.746 0.840
202403 0.640 312.332 0.677
202406 0.770 314.175 0.809
202409 0.670 315.301 0.702
202412 0.790 315.605 0.827
202503 0.600 319.799 0.620
202506 0.540 322.561 0.553
202509 0.850 324.800 0.864
202512 0.940 324.054 0.958
202603 0.820 330.213 0.820

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 $2.70 mean?
Gaming and Leisure Properties (GLPI) has a E10 of $2.70 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Gaming and Leisure Properties and its competitors.
Is Gaming and Leisure Properties' E10 too high?
Gaming and Leisure Properties' current E10 is $2.70. Overall, Gaming and Leisure Properties has a GF Score™ of 86/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Gaming and Leisure Properties' E10 compare to LAMR and WY?
Gaming and Leisure Properties' E10 of $2.70 can be compared against companies in the REITs 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 REITs company?
A good E10 depends on the REITs 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 Gaming and Leisure Properties and its competitors. Gaming and Leisure Properties's current E10 is $2.70. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Gaming and Leisure Properties stock overvalued right now?
Based on GuruFocus' analysis, Gaming and Leisure Properties (GLPI) is currently considered Fairly Valued. The stock's GF Value™ is $49.74, compared to a current price of $45.38 — trading 8.8% below its estimated fair value. The current E10 is $2.70. Gaming and Leisure Properties' overall GF Score™ is 86/100 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 Gaming and Leisure Properties (GLPI), the current E10 is $2.70 as of Mar. 2026. 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 Gaming and Leisure Properties (GLPI) Overvalued in 2026?

Based on GuruFocus' analysis, Gaming and Leisure Properties stock appears to be undervalued. The current stock price of $45.38 is trading 8.8% below its estimated GF Value™ of $49.74. GuruFocus considers Gaming and Leisure Properties to be Fairly Valued.

Key valuation signals for GLPI:

  • E10: $2.70
  • GF Value™: $49.74 vs. price of $45.38 (8.8% below fair value)
  • GF Score™: 86/100 with 5 warning signs

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


Gaming and Leisure Properties Business Description

Industry Real EstateREITs
Other Exchanges 2GL:GermanyG1AM34:Brazil
Address 845 Berkshire Boulevard, Suite 200, Wyomissing, PA, USA, 19610
Gaming and Leisure Properties Inc, or GLP, is a self-administered and self-managed Pennsylvania real estate investment trust (REIT). It is engaged in acquiring, financing, and owning real estate property to be leased to gaming operators in triple-net lease arrangements. The company also extends loans that produce fixed or variable returns, which may convert into leased rent upon project completion or stabilization. Its portfolio consists of gaming and related facilities and amenities such as Ameristar Black Hawk, Bally's Casino, Argosy Casino Alton, Bally's Chicago, Hollywood Casino Aurora, and others located across different states in the United States.
86GF Score

Get the complete analysis for GLPI

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

$45.38
Price
$49.74
GF Value