Compare price, profitability, solvency, and SEC-reported financials side by side—before deciding which assumptions deserve a closer look.
Decision snapshot: FCPT stock price vs NE: inconclusive Relative valuation is incomplete for this pair. Review the available filing metrics before drawing a conclusion.
Quick read
Each company valued on the other's multiple, then compared with the market price.
Implied fair value · at NE's multiple
Needs NE P/E.
Implied fair value · at FCPT's multiple
Needs FCPT P/E.
Snapshot Sep 4, 4:00 PM ET
Metric by metric
Where each company leads, and how wide the gap is.
Growth edge
Pricing power
Operating leverage
Multiple premium
Not comparable
Lower leverage
Statements
Core statements aligned to each company's latest fiscal year.
SEC periods: FCPT FY 2025 (ended Dec 31, 2025) · NE FY 2025 (ended Dec 31, 2025).
Trendline
Six fiscal years of revenue, earnings, and margins before underwriting a re-rating.
Price framework
Market cap plus debt, less cash.
Capital structure 69% equity / 31% debt · EV / Revenue 13.36x · EV / EBITDA 17.41x
Capital structure 79% equity / 21% debt · EV / Revenue 2.67x · EV / EBITDA 20.18x
NE carries the larger enterprise value at $8.79B against $3.93B; NE trades on the lower EV / Revenue multiple (2.67x vs 13.36x); FCPT on the lower EV / EBITDA (17.41x vs 20.18x).
Price framework
The same filing-backed model used on each company's valuation page, with company-specific inputs and calculated scenarios.
Four Corners Property Trust, Inc. · implied price per share
Five annual free-cash-flow observations are required for the filing-backed baseline.
Noble Corporation plc · implied price per share
Five annual free-cash-flow observations are required for the filing-backed baseline.
Balance sheet health
Financial health checks to separate durable balance sheets from potential value traps.
Financial strength on a 0–9 scale.
Bankruptcy-risk signal from balance sheet and earnings power.
Debt / equity
Total debt against shareholders' equity
0.74x
0.43x
Net debt / EBITDA
Leverage against operating earnings
5.28x
3.46x
Cash and equivalents
Liquid reserves on the balance sheet
$12.14M
$471.40M
Total debt
Interest-bearing obligations outstanding
Comparable set
Where the pair sits against the wider comparable set.
Keep comparing
Open adjacent comparisons from the same industry to pressure-test the read across multiple pairs.
REALTY INCOME CORP
FCPT vs O
AGREE REALTY CORP
FCPT vs ADC
GETTY REALTY CORP /MD/
FCPT vs GTY
ESSENTIAL PROPERTIES REALTY TRUST, INC.
FCPT vs EPRT
STAG Industrial, Inc.
FCPT vs STAG
Transocean Ltd.
FCPT vs RIG
Valaris Ltd
FCPT vs VAL
Seadrill Ltd
FCPT vs SDRL
VALERO ENERGY CORP/TX
FCPT vs VLO
ONEOK INC /NEW/
FCPT vs OKE
HALLIBURTON CO
FCPT vs HAL
$1.20B
$1.98B
LLM-powered synthesis
An on-demand narrative read of the same deterministic data.
The deterministic comparison remains available. Sign in when you want an on-demand narrative synthesis of the same data.
