Is Four Corners Property Trust, Inc. overvalued or undervalued?

As of 29 July 2025, the valuation grade for Four Corners Property Trust, Inc. has moved from fair to very attractive. The company appears undervalued, particularly when considering its P/E ratio of 27, which is significantly lower than peers like CareTrust REIT, Inc. with a P/E of 35.16, and National Health Investors, Inc. at 24.77. Additionally, its EV to EBITDA ratio stands at 13.18, which is competitive compared to CareTrust's 23.85, indicating a favorable valuation relative to earnings.
Despite the attractive valuation metrics, Four Corners has underperformed against the S&P 500, with a year-to-date return of -6.23% compared to the index's 12.22%. This underperformance is further highlighted by a 1-year return of -16.88% against the S&P 500's 17.14%, suggesting that while the stock may be undervalued based on fundamental metrics, market sentiment has not yet aligned with its intrinsic value.