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Farmland Partners (STU:0FA) E10 : €0.02 (As of Sep. 2024)


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What is Farmland Partners 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.

Farmland Partners's adjusted earnings per share data for the three months ended in Sep. 2024 was €0.018. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is €0.02 for the trailing ten years ended in Sep. 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 (2024-12-15), Farmland Partners's current stock price is €11.92. Farmland Partners's E10 for the quarter that ended in Sep. 2024 was €0.02. Farmland Partners's Shiller PE Ratio of today is 596.00.

During the past 12 years, the highest Shiller PE Ratio of Farmland Partners was 1188.00. The lowest was 499.50. And the median was 1059.00.


Farmland Partners E10 Historical Data

The historical data trend for Farmland Partners'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.

Farmland Partners E10 Chart

Farmland Partners 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 - - - -0.05 0.01

Farmland Partners Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 -0.04 0.01 0.01 0.02 0.02

Competitive Comparison of Farmland Partners's E10

For the REIT - Specialty subindustry, Farmland Partners'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.


Farmland Partners's Shiller PE Ratio Distribution in the REITs Industry

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

* The bar in red indicates where Farmland Partners's Shiller PE Ratio falls into.



Farmland Partners 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, Farmland Partners's adjusted earnings per share data for the three months ended in Sep. 2024 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Sep. 2024 (Change)*Current CPI (Sep. 2024)
=0.018/133.0289*133.0289
=0.018

Current CPI (Sep. 2024) = 133.0289.

Farmland Partners Quarterly Data

per share eps CPI Adj_EPS
201412 -0.041 99.070 -0.055
201503 -0.018 99.621 -0.024
201506 -0.003 100.684 -0.004
201509 0.036 100.392 0.048
201512 0.037 99.792 0.049
201603 -0.135 100.470 -0.179
201606 -0.003 101.688 -0.004
201609 -0.053 101.861 -0.069
201612 0.284 101.863 0.371
201703 -0.093 102.862 -0.120
201706 0.018 103.349 0.023
201709 0.008 104.136 0.010
201712 0.059 104.011 0.075
201803 -0.065 105.290 -0.082
201806 -0.060 106.317 -0.075
201809 0.017 106.507 0.021
201812 0.079 105.998 0.099
201903 -0.089 107.251 -0.110
201906 0.071 108.070 0.087
201909 -0.136 108.329 -0.167
201912 0.081 108.420 0.099
202003 -0.081 108.902 -0.099
202006 -0.089 108.767 -0.109
202009 -0.076 109.815 -0.092
202012 0.049 109.897 0.059
202103 -0.017 111.754 -0.020
202106 -0.158 114.631 -0.183
202109 -0.145 115.734 -0.167
202112 0.195 117.630 0.221
202203 0.004 121.301 0.004
202206 0.038 125.017 0.040
202209 0.010 125.227 0.011
202212 0.104 125.222 0.110
202303 0.019 127.348 0.020
202306 0.111 128.729 0.115
202309 0.066 129.860 0.068
202312 0.284 129.419 0.292
202403 0.009 131.776 0.009
202406 -0.056 132.554 -0.056
202409 0.018 133.029 0.018

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


Farmland Partners  (STU:0FA) 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.

Farmland Partners's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=11.92/0.02
=596.00

* 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 Farmland Partners was 1188.00. The lowest was 499.50. And the median was 1059.00.


Be Aware

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


Farmland Partners E10 Related Terms

Thank you for viewing the detailed overview of Farmland Partners's E10 provided by GuruFocus.com. Please click on the following links to see related term pages.


Farmland Partners Business Description

Traded in Other Exchanges
Address
4600 South Syracuse Street, Suite 1450, Denver, CO, USA, 80237
Farmland Partners Inc owns and seeks to acquire high-quality farmland throughout North America. The company is an internally managed real estate company which owns and contracts farmland and storage facilities located across the United States. Majority of the properties in its portfolio are used to grow primary crops, such as corn, soybeans, wheat, rice and cotton, and rest to produce specialty crops, such as almonds, citrus, blueberries, and vegetables. The company generates its revenues through the rent it receives from its tenants.

Farmland Partners Headlines

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