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Farmland Partners PE Ratio

: At Loss (As of Today)
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The PE Ratio, or Price-to-Earnings ratio, or P/E Ratio, is a financial ratio used to compare a company's market price to its Earnings per Share (Diluted). As of today (2021-10-27), Farmland Partners's share price is $11.96. Farmland Partners's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Jun. 2021 was $-0.24. Therefore, Farmland Partners's PE Ratio for today is At Loss.


The historical rank and industry rank for Farmland Partners's PE Ratio or its related term are showing as below:

NYSE:FPI' s PE Ratio Range Over the Past 10 Years
Min: At Loss   Med: 79.27   Max: 430.5
Current: At Loss

At Loss
430.5

During the past 9 years, the highest PE Ratio of Farmland Partners was 430.50. The lowest was 0.00. And the median was 79.27.


NYSE:FPI's PE Ratio is ranked lower than
99.99% of the 164 Companies
in the REITs industry.

( Industry Median: 21.25 vs. NYSE:FPI: At Loss )

Farmland Partners's Earnings per Share (Diluted) for the three months ended in Jun. 2021 was $-0.19. Its Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Jun. 2021 was $-0.24.

As of today (2021-10-27), Farmland Partners's share price is $11.96. Farmland Partners's EPS without NRI for the trailing twelve months (TTM) ended in Jun. 2021 was $-0.24. Therefore, Farmland Partners's PE Ratio without NRI for today is At Loss.

During the past 9 years, Farmland Partners's highest PE Ratio without NRI was 430.50. The lowest was 0.00. And the median was 79.27.

Farmland Partners's EPS without NRI for the three months ended in Jun. 2021 was $-0.19. Its EPS without NRI for the trailing twelve months (TTM) ended in Jun. 2021 was $-0.24.

During the past 9 years, Farmland Partners's highest 3-Year average EPS without NRI Growth Rate was 115.40% per year. The lowest was -23.70% per year. And the median was -18.20% per year.

Farmland Partners's EPS (Basic) for the three months ended in Jun. 2021 was $-0.19. Its EPS (Basic) for the trailing twelve months (TTM) ended in Jun. 2021 was $-0.20.


Farmland Partners PE Ratio Historical Data

The historical data trend for Farmland Partners's PE 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.

Farmland Partners Annual Data
Trend Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20
PE Ratio
Premium Member Only Premium Member Only Premium Member Only Premium Member Only 124.00 289.33 At Loss 169.50 At Loss

Farmland Partners Quarterly Data
Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21
PE Ratio 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 Premium Member Only Premium Member Only Premium Member Only At Loss At Loss At Loss At Loss At Loss

Competitive Comparison

For the REIT - Specialty subindustry, Farmland Partners's PE Ratio, along with its competitors' market caps and 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 PE Ratio Distribution

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

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



Farmland Partners PE Ratio Calculation

The PE Ratio, or Price-to-Earnings ratio, or P/E Ratio, is a financial ratio used to compare a company's market price to its Earnings per Share (Diluted). It is the most widely used ratio in the valuation of stocks.

Farmland Partners's PE Ratio for today is calculated as

PE Ratio=Share Price/Earnings per Share (Diluted) (TTM)
=11.96/-0.240
=At Loss

Farmland Partners's Share Price of today is $11.96.
Farmland Partners's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Jun. 2021 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.24.

* 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.

It can also be calculated from the numbers for the whole company:


There are at least three kinds of PE Ratios used by different investors. They are Trailing Twelve Month PE Ratio or PE Ratio (TTM), Forward PE Ratio, or PE Ratio without NRI. A new PE Ratio based on inflation-adjusted normalized PE Ratio is called Shiller PE Ratio, after Yale professor Robert Shiller.

In the calculation of PE Ratio, the earnings per share used are the earnings per share over the past 12 months. For Forward PE Ratio, the earnings are the expected earnings for the next twelve months. In the case of PE Ratio without NRI, the reported earnings less the non-recurring items are used.

For Shiller PE Ratio, the earnings of the past 10 years are inflation-adjusted and averaged. Since it looks at the average over the last 10 years, Shiller PE Ratio is also called PE10.


Farmland Partners  (NYSE:FPI) PE Ratio Explanation

The PE Ratio can be viewed as the number of years it takes for the company to earn back the price you pay for the stock. For example, if a company earns $2 a share per year, and the stock is traded at $30, the PE Ratio is 15. Therefore it takes 15 years for the company to earn back the $30 you paid for its stock, assuming the earnings stays constant over the next 15 years.

In real business, earnings never stay constant. If a company can grow its earnings, it takes fewer years for the company to earn back the price you pay for the stock. If a company's earnings decline it takes more years. As a shareholder, you want the company to earn back the price you pay as soon as possible. Therefore, lower P/E stocks are more attractive than higher P/E stocks so long as the PE Ratio is positive. Also for stocks with the same PE Ratio, the one with faster growth business is more attractive.

If a company loses money, the PE Ratio becomes meaningless.

To compare stocks with different growth rates, Peter Lynch invented a ratio called PEG Ratio. PEG Ratio is defined as the PE Ratio divided by the growth ratio. He thinks a company with a PE Ratio equal to its growth rate is fairly valued. Still he said he would rather buy a company growing 20% a year with a PE Ratio of 20, instead of a company growing 10% a year with a PE Ratio of 10.

Because the PE Ratio measures how long it takes to earn back the price you pay, the PE Ratio can be applied to the stocks across different industries. That is why it is the one of the most important and widely used indicators for the valuation of stocks.

Similar to the PE Ratio without NRI or PS Ratio or Price-to-Operating-Cash-Flow or Price-to-Free-Cash-Flow , the PE Ratio measures the valuation based on the earning power of the company. This is where it is different from the PB Ratio , which measures the valuation based on the company's balance sheet.


Be Aware

Investors need to be aware that the PE Ratio can be misleading a lot of times, especially when the underlying business is cyclical and unpredictable. As Peter Lynch pointed out, cyclical businesses have higher profit margins at the peaks of the business cycles. Their earnings are high and PE Ratios are artificially low. It is usually a bad idea to buy a cyclical business when the PE Ratio is low. A better ratio to identify the time to buy a cyclical businesses is the PS Ratio .

PE Ratio can also be affected by non-recurring-items such as the sale of part of businesses. This may increase for the current year or quarter dramatically. But it cannot be repeated over and over. Therefore PE Ratio without NRI is a more accurate indication of valuation than PE Ratio.


Farmland Partners PE Ratio Related Terms

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


Farmland Partners Business Description

Farmland Partners logo
Industry
Real Estate » REITs NAICS : 523991 SIC : 6798
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 and owns and contracts of farmland and storage facilities located across the United States. Its properties are farmed by over 100 tenants growing more than 26 commercial crops. Farmland Partners generates its revenues through the rent it receives from its tenants.
Executives
Pittman Paul A director, officer: Chief Executive Officer 4910 BIRCH ST., SUITE 102 NEWPORT BEACH CA 92660
Borenstein Erica officer: General Counsel and Secretary C/O FARMLAND PARTNERS INC. 8670 WOLFF COURT, SUITE 240 WESTMINSTER CO 80031
Fabbri Luca officer: CFO and Treasurer C/O FARMLAND PARTNERS INC. 8670 WOLFF COURT, SUITE 240 WESTMINSTER CO 80031
Downey Chris A director C/O FARMLAND PARTNERS INC. : 8670 WOLFF COURT, SUITE 240 WESTMINSTER CO 80031
Glauber Joseph W director FARMLAND PARTNERS INC. 8670 WOLFF COURT, SUITE 240 WESTMINSTER CO 80031
Good John A director C/O JERNIGAN CAPITAL, INC. 1395 BRICKELL AVENUE MIAMI FL 33131
Bartels Jay director C/O FARMLAND PARTNERS INC. 8670 WOLFF COURT, SUITE 240 WESTMINSTER CO 80031
Gimbel Thomas S T director PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN"> Ownership Information: GIMBEL THOMAS S T a.header:link {color: #3b4fae; font-weight: bold; text-decoration: underline;} a.header:visited {color: #3b4fae; font-weight: bold; text-decoration: underline;} a.header:hover {color: #191970;}
Boardman Dennie Dixon director C/O OPTIMA FUND MANAGEMENT LLC 10 EAST 53RD STREET NEW YORK NY 10022
Sarff Darell director 1147 COUNTY ROAD 700 EAST CHANDLERVILLE IL 62627
Conrad John C director 4600 S. SYRACUSE STREET SUITE 1450 DENVER CO 80237
Cowan Robert L. officer: President C/O AMERICAN FARMLAND COMPANY 10 EAST 53RD STREET NEW YORK NY 10022
Pittman Hough Farms Llc 10 percent owner 8670 WOLFF COURT, SUITE 240 WESTMINSTER CO 80031
Christodolou Michael director 2707 N 108TH STREET 102 C/O LINDSAY INTERNATIONAL OMAHA NE 68164
Jernigan Dean director C/O FARMLAND PARTNERS INC. 8670 WOLFF COURT, SUITE 240 WESTMINSTER CO 80031

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