Planet Fitness (BSP:P2LN34) Cyclically Adjusted PB Ratio: (As of Sep. 08, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

BSP:P2LN34 Planet Fitness Inc BSP:P2LN34
79 GF Score
Price R$32.37
GF Value R$67.86
Valuation Possible Value Trap
! 3 Warning Signs
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What is Planet Fitness Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Planet Fitness  (BSP:P2LN34) Cyclically Adjusted PB Ratio Explanation

Compared with the regular PB Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PB Ratio smoothed out the fluctuations of book value during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PB Ratio should give similar results to regular PB Ratio.


Planet Fitness Cyclically Adjusted PB Ratio Related Terms


Planet Fitness Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Planet Fitness's Cyclically Adjusted PB 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.

Planet Fitness Cyclically Adjusted PB Ratio Chart

Planet Fitness Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 0.00

Planet Fitness Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Cyclically Adjusted PB Ratio 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 0.00 0.00 0.00 0.00 0.00

BSP:P2LN34 vs MAT, YETI, GOLF: Cyclically Adjusted PB Ratio Comparison

For the Leisure subindustry, Planet Fitness'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.


Planet Fitness Cyclically Adjusted PB Ratio vs Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Planet Fitness's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Planet Fitness's Cyclically Adjusted PB Ratio falls into.


BSP:P2LN34
79GF Score
Planet Fitness Inc BSP:P2LN34
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Planet Fitness Cyclically Adjusted PB Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PB Ratio takes the Book Value per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/B calculation. Because it considers this 10-year average, it's often referred to as the CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio.

Planet Fitness's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Planet Fitness's adjusted Book Value per Share data for the three months ended in Jun. 2026 was:

Adj_Book=Book Value per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=-5.197/333.9520*333.9520
=-5.197

Current CPI (Jun. 2026) = 333.9520.

Planet Fitness Quarterly Data

Book Value per Share CPI Adj_Book
201609 0.077 241.428 0.107
201612 -0.894 241.432 -1.237
201703 -0.720 243.801 -0.986
201706 -0.642 244.955 -0.875
201709 -0.534 246.819 -0.723
201712 -0.564 246.524 -0.764
201803 -0.504 249.554 -0.674
201806 -0.429 251.989 -0.569
201809 -0.592 252.439 -0.783
201812 -2.175 251.233 -2.891
201903 -1.967 254.202 -2.584
201906 -1.774 256.143 -2.313
201909 -2.762 256.759 -3.592
201912 -4.616 256.974 -5.999
202003 -5.286 258.115 -6.839
202006 -5.823 257.797 -7.543
202009 -6.036 260.280 -7.744
202012 -5.481 260.474 -7.027
202103 -5.907 264.877 -7.447
202106 -5.143 271.696 -6.321
202109 -5.230 274.310 -6.367
202112 -5.443 278.802 -6.520
202203 -1.558 287.504 -1.810
202206 -1.389 296.311 -1.565
202209 -1.600 296.808 -1.800
202212 -1.564 296.797 -1.760
202303 -1.154 301.836 -1.277
202306 -1.459 305.109 -1.597
202309 -1.135 307.789 -1.231
202312 -0.816 306.746 -0.888
202403 -0.691 312.332 -0.739
202406 -2.531 314.175 -2.690
202409 -2.190 315.301 -2.320
202412 -1.948 315.605 -2.061
202503 -1.888 319.799 -1.972
202506 -1.311 322.561 -1.357
202509 -1.573 324.800 -1.617
202512 -4.093 324.054 -4.218
202603 -3.984 330.213 -4.029
202606 -5.197 333.952 -5.197

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

Is Planet Fitness (BSP:P2LN34) Overvalued in 2026?

Based on GuruFocus' analysis, Planet Fitness stock appears to be undervalued. The current stock price of R$32.37 is trading 52.3% below its estimated GF Value™ of R$67.86. GuruFocus considers Planet Fitness to be Possible Value Trap.

Key valuation signals for BSP:P2LN34:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: R$67.86 vs. price of R$32.37 (52.3% below fair value)
  • GF Score™: 79/100 with 3 warning signs

No single metric tells the full story. See the BSP:P2LN34 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Planet Fitness Business Description

Address 4 Liberty Lane West, Hampton, NH, USA, 03842
Planet Fitness Inc is a franchisor and operator of fitness centers in the United States. The company's reportable segments are Franchise, Corporate-owned stores, and Equipment. Franchise segment includes operations related to its franchising business in the United States, Puerto Rico, Canada, Panama, Mexico and Australia, Corporate-owned stores segment includes operations with respect to all corporate-owned stores throughout the United States and Canada, and The Equipment segment includes the sale of equipment to franchisee-owned stores in the U.S. The firm generates a majority of its revenue from the Corporate-owned stores segment.
79GF Score

Get the complete analysis for BSP:P2LN34

Cyclically Adjusted PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

R$32.37
Price
R$67.86
GF Value