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Restaurant Brands International (MEX:QSR N) Cyclically Adjusted Book per Share : MXN163.32 (As of Mar. 2025)


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What is Restaurant Brands International Cyclically Adjusted Book per Share?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years.

Restaurant Brands International's adjusted book value per share for the three months ended in Mar. 2025 was MXN194.573. Add all the adjusted book value per share for the past 10 years together and divide the count will get our Cyclically Adjusted Book per Share, which is MXN163.32 for the trailing ten years ended in Mar. 2025.

During the past 12 months, Restaurant Brands International's average Cyclically Adjusted Book Growth Rate was 3.10% 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 Cyclically Adjusted Book Growth Rate using Cyclically Adjusted Book per Share data.

As of today (2025-07-16), Restaurant Brands International's current stock price is MXN1280.00. Restaurant Brands International's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was MXN163.32. Restaurant Brands International's Cyclically Adjusted PB Ratio of today is 7.84.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Restaurant Brands International was 9.19. The lowest was 7.12. And the median was 8.00.


Restaurant Brands International Cyclically Adjusted Book per Share Historical Data

The historical data trend for Restaurant Brands International's Cyclically Adjusted Book per Share 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.

Restaurant Brands International Cyclically Adjusted Book per Share Chart

Restaurant Brands International Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - 143.92 177.90

Restaurant Brands International Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
Cyclically Adjusted Book per Share 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 140.16 145.38 160.52 177.90 163.32

Competitive Comparison of Restaurant Brands International's Cyclically Adjusted Book per Share

For the Restaurants subindustry, Restaurant Brands International's Cyclically Adjusted PB Ratio, along with its competitors' market caps and Cyclically Adjusted PB 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.


Restaurant Brands International's Cyclically Adjusted PB Ratio Distribution in the Restaurants Industry

For the Restaurants industry and Consumer Cyclical sector, Restaurant Brands International's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Restaurant Brands International's Cyclically Adjusted PB Ratio falls into.


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Restaurant Brands International Cyclically Adjusted Book per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years.

What is Cyclically Adjusted Book per Share? How do we calculate Cyclically Adjusted Book per Share?

Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted Book per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the book value per share from 2001 through 2010.

We adjusted the 2001 book value per share data with the total inflation from 2001 through 2010 to the equivalent book value in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's book value is $1 a share in 2001, then the 2001's equivalent book value in 2010 is $1.4 a share. If Wal-Mart's book value is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 book value in 2010 is $1.35. So on and so forth, you get the equivalent book value per share of past 10 years. Then you add them together and divided the sum by the count to get Cyclically Adjusted Book per Share.

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, Restaurant Brands International's adjusted Book Value per Share data for the three months ended in Mar. 2025 was:

Adj_Book= Book Value per Share /CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=194.573/129.1809*129.1809
=194.573

Current CPI (Mar. 2025) = 129.1809.

Restaurant Brands International Quarterly Data

Book Value per Share CPI Adj_Book
201506 119.724 100.500 153.890
201509 121.385 100.421 156.148
201512 101.826 99.947 131.609
201603 118.382 101.054 151.333
201606 134.630 102.002 170.503
201609 141.098 101.765 179.111
201612 149.850 101.449 190.814
201703 141.825 102.634 178.509
201706 147.097 103.029 184.435
201709 163.339 103.345 204.174
201712 179.325 103.345 224.156
201803 151.553 105.004 186.448
201806 163.516 105.557 200.111
201809 162.782 105.636 199.064
201812 125.757 105.399 154.132
201903 132.133 106.979 159.555
201906 139.541 107.690 167.388
201909 156.163 107.611 187.464
201912 157.440 107.769 188.720
202003 170.912 107.927 204.569
202006 174.284 108.401 207.693
202009 170.329 108.164 203.424
202012 141.461 108.559 168.332
202103 157.823 110.298 184.843
202106 165.495 111.720 191.361
202109 164.200 112.905 187.871
202112 148.499 113.774 168.608
202203 147.712 117.646 162.195
202206 145.682 120.806 155.782
202209 152.116 120.648 162.875
202212 158.625 120.964 169.400
202303 149.160 122.702 157.036
202306 156.721 124.203 163.002
202309 159.371 125.230 164.398
202312 155.697 125.072 160.811
202403 155.743 126.258 159.349
202406 177.363 127.522 179.671
202409 196.839 127.285 199.771
202412 199.925 127.364 202.777
202503 194.573 129.181 194.573

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.


Restaurant Brands International  (MEX:QSR N) Cyclically Adjusted Book per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted Book per Share may underestimate the company's equity. Cyclically Adjusted PB Ratio can seem to be too high even the actual PB Ratio is low.

For the Cyclically Adjusted PB Ratio, the book value of the past 10 years are inflation-adjusted and averaged. The result is used for P/B calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PB Ratio is also called CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted book value per share of a company over the past 10 years.

Restaurant Brands International's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=1280.00/163.32
=7.84

* 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 13 years, the highest Cyclically Adjusted PB Ratio of Restaurant Brands International was 9.19. The lowest was 7.12. And the median was 8.00.


Be Aware

Cyclically Adjusted PB Ratio works better for cyclical companies. It gives you a better idea on the company's real book value.


Restaurant Brands International Cyclically Adjusted Book per Share Related Terms

Thank you for viewing the detailed overview of Restaurant Brands International's Cyclically Adjusted Book per Share provided by GuruFocus.com. Please click on the following links to see related term pages.


Restaurant Brands International Business Description

Traded in Other Exchanges
Address
130 King Street West, Suite 300, P.O. Box 339, Toronto, ON, CAN, M5X 1E1
Restaurant Brands International is one of the largest restaurant companies in the world, with approximately $44 billion in 2024 systemwide sales across a footprint that spanned more than 32,000 restaurants and more than 100 countries. The firm generates revenue primarily from retail sales at its company-owned restaurants, royalty fees and lease income from franchised stores, and from its Tim Hortons supply chain operations. Formed in 2014 after 3G Capital's acquisition of Tim Hortons International, the RBI portfolio is split among Burger King (7,082 units), Tim Hortons (4,539 units), Popeyes Louisiana Kitchen (3,520 units), Firehouse Subs (1,345 units), and international franchise units of those banners (15,639) as of year-end 2024.

Restaurant Brands International Headlines

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