DPZ (Domino's Pizza) Cyclically Adjusted PB Ratio: (As of Jul. 13, 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.
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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.

DPZ Domino's Pizza Inc DPZ
73 GF Score
Price $309.85
GF Value $482.73
Valuation Significantly Undervalued
! 2 Warning Signs
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What is Domino's Pizza Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Domino's Pizza  (NAS:DPZ) 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.


Domino's Pizza Cyclically Adjusted PB Ratio Related Terms


Domino's Pizza Cyclically Adjusted PB Ratio Historical Data

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The historical data trend for Domino's Pizza'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.

Domino's Pizza Cyclically Adjusted PB Ratio Chart

Domino's Pizza 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

Domino's Pizza Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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

DPZ vs BROS, CAVA, LKNCY: Cyclically Adjusted PB Ratio Comparison

For the Restaurants subindustry, Domino's Pizza'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.


Domino's Pizza Cyclically Adjusted PB Ratio vs Restaurants Industry

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

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


DPZ
73GF Score
Domino's Pizza Inc DPZ
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Domino's Pizza 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.

Domino's Pizza's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Domino's Pizza's adjusted Book Value per Share data for the three months ended in Mar. 2026 was:

Adj_Book=Book Value per Share/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=-116.61/330.2130*330.2130
=-116.610

Current CPI (Mar. 2026) = 330.2130.

Domino's Pizza Quarterly Data

Book Value per Share CPI Adj_Book
201606 -39.613 241.018 -54.273
201609 -40.272 241.428 -55.082
201612 -39.151 241.432 -53.548
201703 -38.546 243.801 -52.208
201706 -37.372 244.955 -50.380
201709 -63.231 246.819 -84.595
201712 -63.765 246.524 -85.412
201803 -65.004 249.554 -86.014
201806 -70.013 251.989 -91.747
201809 -71.493 252.439 -93.519
201812 -74.184 251.233 -97.505
201903 -72.417 254.202 -94.071
201906 -70.438 256.143 -90.807
201909 -71.776 256.759 -92.310
201912 -87.732 256.974 -112.736
202003 -86.890 258.115 -111.161
202006 -83.435 257.797 -106.872
202009 -81.511 260.280 -103.412
202012 -84.913 260.474 -107.648
202103 -83.365 264.877 -103.928
202106 -112.351 271.696 -136.549
202109 -112.882 274.310 -135.887
202112 -116.485 278.802 -137.965
202203 -116.509 287.504 -133.817
202206 -116.443 296.311 -129.766
202209 -121.943 296.808 -135.667
202212 -118.268 296.797 -131.584
202303 -117.514 301.836 -128.562
202306 -118.848 305.109 -128.627
202309 -118.733 307.789 -127.383
202312 -117.214 306.746 -126.181
202403 -115.175 312.332 -121.769
202406 -111.312 314.175 -116.994
202409 -115.158 315.301 -120.604
202412 -115.579 315.605 -120.929
202503 -114.302 319.799 -118.024
202506 -117.118 322.561 -119.896
202509 -117.266 324.800 -119.220
202512 -116.009 324.054 -118.214
202603 -116.610 330.213 -116.610

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 Domino's Pizza (DPZ) Overvalued in 2026?

Based on GuruFocus' analysis, Domino's Pizza stock appears to be undervalued. The current stock price of $309.85 is trading 35.8% below its estimated GF Value™ of $482.73. GuruFocus considers Domino's Pizza to be Significantly Undervalued.

Key valuation signals for DPZ:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: $482.73 vs. price of $309.85 (35.8% below fair value)
  • GF Score™: 73/100 with 2 warning signs

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


Domino's Pizza Business Description

Address 30 Frank Lloyd Wright Drive, Ann Arbor, MI, USA, 48105
Domino's is the world's largest pizza chain, surpassing $20 billion in system sales with over 22,100 stores across more than 90 markets at the end of 2025. Around 33% of its units are in the US. The business is 99% franchised. Domino's operates through three segments: supply chain (60% of revenue), US stores (33%), and international franchises (7%). The firm generates the bulk of its revenue by supplying food to stores in the US and Canada through a vertically integrated network of 25 manufacturing and supply chain facilities, which primarily produce and distribute dough, and collecting brand royalties and marketing fees from franchisees. Domino's also generates revenue from sales at company-owned stores.
73GF Score

Get the complete analysis for DPZ

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

$309.85
Price
$482.73
GF Value