DENN (Denny's) Cyclically Adjusted PB Ratio: (As of Aug. 08, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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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.

DENN Denny's Corp DENN
60 GF Score
Price $6.25
GF Value $8.53
! 8 Warning Signs
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What is Denny's Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Denny's  (NAS:DENN) 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.


Denny's Cyclically Adjusted PB Ratio Related Terms


Denny's Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Denny's'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.

Denny's Cyclically Adjusted PB Ratio Chart

Denny's Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
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

Denny's Quarterly Data
Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25
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

DENN vs LOCO, BRCB, VENU: Cyclically Adjusted PB Ratio Comparison

For the Restaurants subindustry, Denny's'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.


Denny's Cyclically Adjusted PB Ratio vs Restaurants Industry

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

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


DENN
60GF Score
Denny's Corp DENN
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Denny's 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.

Denny's's Cyclically Adjusted Book per Share for the quarter that ended in Sep. 2025 is calculated as:

For example, Denny's's adjusted Book Value per Share data for the three months ended in Sep. 2025 was:

Adj_Book=Book Value per Share/CPI of Sep. 2025 (Change)*Current CPI (Sep. 2025)
=-0.635/324.8000*324.8000
=-0.635

Current CPI (Sep. 2025) = 324.8000.

Denny's Quarterly Data

Book Value per Share CPI Adj_Book
201512 -0.788 236.525 -1.082
201603 -0.747 238.132 -1.019
201606 -0.688 241.018 -0.927
201609 -0.727 241.428 -0.978
201612 -0.997 241.432 -1.341
201703 -0.921 243.801 -1.227
201706 -1.172 244.955 -1.554
201709 -1.486 246.819 -1.955
201712 -1.507 246.524 -1.986
201803 -1.896 249.554 -2.468
201806 -1.858 251.989 -2.395
201809 -1.748 252.439 -2.249
201812 -2.167 251.233 -2.802
201903 -2.297 254.202 -2.935
201906 -2.384 256.143 -3.023
201909 -2.001 256.759 -2.531
201912 -2.418 256.974 -3.056
202003 -3.602 258.115 -4.533
202006 -3.904 257.797 -4.919
202009 -2.170 260.280 -2.708
202012 -2.039 260.474 -2.543
202103 -1.591 264.877 -1.951
202106 -1.549 271.696 -1.852
202109 -1.405 274.310 -1.664
202112 -1.049 278.802 -1.222
202203 -0.741 287.504 -0.837
202206 -1.006 296.311 -1.103
202209 -0.776 296.808 -0.849
202212 -0.654 296.797 -0.716
202303 -0.798 301.836 -0.859
202306 -0.765 305.109 -0.814
202309 -0.663 307.789 -0.700
202312 -1.200 306.746 -1.271
202403 -1.070 312.332 -1.113
202406 -1.032 314.175 -1.067
202409 -1.062 315.301 -1.094
202412 -0.663 315.605 -0.682
202503 -0.708 319.799 -0.719
202506 -0.672 322.561 -0.677
202509 -0.635 324.800 -0.635

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 Denny's (DENN) Overvalued in 2026?

Based on GuruFocus' analysis, Denny's stock appears to be undervalued. The current stock price of $6.25 is trading 26.7% below its estimated GF Value™ of $8.53.

Key valuation signals for DENN:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: $8.53 vs. price of $6.25 (26.7% below fair value)
  • GF Score™: 60/100 with 8 warning signs

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


Denny's Business Description

Address 203 East Main Street, Spartanburg, SC, USA, 29319-9966
Denny's Corp is America's franchised full-service restaurant chains based on the number of restaurants. The company owns and operates the Denny's brand and the Keke's Breakfast Cafe brand. It provides Pancakes, Appetizers & Soups, Sandwiches & Salads, Breakfast Melts, Omelets, and others. The company generates its revenue from two sources: the sale of food and beverages and the collection of royalties, advertising revenue, initial and other fees, including occupancy revenue, from restaurants operated by their franchisees. Geographically operates in USA states as well as globally like Canada, Mexico, Guatemala, Indonesia, United Kingdom, New Zealand and others. Maximum revenue is from USA and Canada.
60GF Score

Get the complete analysis for DENN

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

$6.25
Price
$8.53
GF Value