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Gladstone Land (STU:3L4) E10 : €-0.14 (As of Dec. 2024)


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What is Gladstone Land 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.

Gladstone Land's adjusted earnings per share data for the three months ended in Dec. 2024 was €-0.143. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is €-0.14 for the trailing ten years ended in Dec. 2024.

During the past 3 years, the average E10 Growth Rate was -44.20% 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 Gladstone Land was -44.20% per year. The lowest was -44.20% per year. And the median was -44.20% per year.

As of today (2025-03-19), Gladstone Land's current stock price is €9.90. Gladstone Land's E10 for the quarter that ended in Dec. 2024 was €-0.14. Gladstone Land's Shiller PE Ratio of today is .

During the past 13 years, the highest Shiller PE Ratio of Gladstone Land was 1931.00. The lowest was 1460.00. And the median was 1789.00.


Gladstone Land E10 Historical Data

The historical data trend for Gladstone Land'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.

Gladstone Land E10 Chart

Gladstone Land Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.01 -0.04 -0.10 -0.11 -0.14

Gladstone Land Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
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 -0.11 -0.09 -0.10 -0.12 -0.14

Competitive Comparison of Gladstone Land's E10

For the REIT - Specialty subindustry, Gladstone Land'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.


Gladstone Land's Shiller PE Ratio Distribution in the REITs Industry

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

* The bar in red indicates where Gladstone Land's Shiller PE Ratio falls into.



Gladstone Land 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, Gladstone Land's adjusted earnings per share data for the three months ended in Dec. 2024 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Dec. 2024 (Change)*Current CPI (Dec. 2024)
=-0.143/133.1571*133.1571
=-0.143

Current CPI (Dec. 2024) = 133.1571.

Gladstone Land Quarterly Data

per share eps CPI Adj_EPS
201503 0.003 99.621 0.004
201506 -0.003 100.684 -0.004
201509 0.018 100.392 0.024
201512 0.046 99.792 0.061
201603 0.018 100.470 0.024
201606 0.009 101.688 0.012
201609 0.003 101.861 0.004
201612 0.000 101.863 0.000
201703 0.009 102.862 0.012
201706 0.018 103.349 0.023
201709 -0.017 104.136 -0.022
201712 -0.011 104.011 -0.014
201803 -0.016 105.290 -0.020
201806 -0.094 106.317 -0.118
201809 0.300 106.507 0.375
201812 -0.070 105.998 -0.088
201903 -0.027 107.251 -0.034
201906 -0.035 108.070 -0.043
201909 -0.027 108.329 -0.033
201912 -0.027 108.420 -0.033
202003 0.036 108.902 0.044
202006 -0.089 108.767 -0.109
202009 -0.034 109.815 -0.041
202012 -0.090 109.897 -0.109
202103 -0.067 111.754 -0.080
202106 -0.100 114.631 -0.116
202109 -0.043 115.734 -0.049
202112 -0.035 117.630 -0.040
202203 -0.073 121.301 -0.080
202206 -0.104 125.017 -0.111
202209 -0.101 125.227 -0.107
202212 -0.123 125.222 -0.131
202303 -0.112 127.348 -0.117
202306 0.046 128.729 0.048
202309 -0.075 129.860 -0.077
202312 -0.110 129.419 -0.113
202403 0.193 131.776 0.195
202406 -0.177 132.554 -0.178
202409 -0.144 133.029 -0.144
202412 -0.143 133.157 -0.143

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


Gladstone Land  (STU:3L4) 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.

During the past 13 years, the highest Shiller P/E Ratio of Gladstone Land was 1931.00. The lowest was 1460.00. And the median was 1789.00.


Be Aware

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


Gladstone Land E10 Related Terms

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


Gladstone Land Business Description

Traded in Other Exchanges
Address
1521 Westbranch Drive, Suite 100, McLean, VA, USA, 22102
Gladstone Land Corp is an externally-managed, agricultural REIT. It is mainly in the business of owning and leasing farmland. It manages operations in one reporting segment. It is focused on the ownership of high-quality farms and farm-related properties that are leased on a triple-net basis to tenants with a strong operating history and deep farming resources. The farmland is predominantly concentrated in locations where farmers are able to grow either fresh produce annual row crops (e.g., certain berries and vegetables), which are typically planted and harvested annually, or certain permanent crops (e.g., almonds, blueberries, pistachios, and wine grapes). To a much lesser extent, it also own farms that grow certain commodity crops (e.g., corn and beans).

Gladstone Land Headlines

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