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The Cheesecake FactoryFRA:CF2 +5.55%73 Cyclically Adjusted PB Ratio is 7.32 as of Jul. 14, 2026, which is 93% above its 10-year median of 3.79. GuruFocus rates FRA:CF2 with a GF Score™ of 73/100 and a GF Value™ of €42.24 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 255 Restaurants companies, The Cheesecake Factory ranks worse than 91.37% on this metric.
The historical rank and industry rank for The Cheesecake Factory's Cyclically Adjusted PB Ratio or its related term are showing as below:
FRA:CF2'
s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.26 Med: 3.79 Max: 7.32
Current: 7.26
During the past years, The Cheesecake Factory's highest Cyclically Adjusted PB Ratio was 7.32. The lowest was 1.26. And the median was 3.79.
FRA:CF2's Cyclically Adjusted PB Ratio is ranked worse than 91.37% of 255
companies
in the Restaurants industry
Industry Median: 1.86
vs FRA:CF2: 7.26
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.
The Cheesecake Factory's adjusted book value per share data for the three months ended in Mar. 2026 was €7.979. 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 €9.72 for the trailing ten years ended in Mar. 2026.
Shiller PE for Stocks: The True Measure of Stock Valuation
The Cheesecake Factory (FRA:CF2) 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.
The Cheesecake Factory Cyclically Adjusted PB Ratio Related Terms
The Cheesecake Factory Cyclically Adjusted PB Ratio Historical Data
* Premium members only.
The historical data trend for The Cheesecake Factory'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.
The Cheesecake Factory Cyclically Adjusted PB Ratio Chart
FRA:CF2 vs WING, SHAK, ARCO: Cyclically Adjusted PB Ratio Comparison
For the Restaurants subindustry, The Cheesecake Factory'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.
The Cheesecake Factory Cyclically Adjusted PB Ratio vs Restaurants Industry
For the Restaurants industry and Consumer Cyclical sector, The Cheesecake Factory's Cyclically Adjusted PB Ratio distribution charts can be found below:
* The bar in red indicates where The Cheesecake Factory's Cyclically Adjusted PB Ratio falls into.
The Cheesecake Factory 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.
* 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.
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.
What does a Cyclically Adjusted PB Ratio of 7.32 mean?
The Cheesecake Factory (FRA:CF2) has a Cyclically Adjusted PB Ratio of 7.32 as of Jul. 14, 2026. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on The Cheesecake Factory and its competitors. This is 93% above median its historical median of 3.79. Over the past decade, The Cheesecake Factory's Cyclically Adjusted PB Ratio has ranged from 1.26 to 7.32. According to the industry distribution chart, The Cheesecake Factory ranks #233 out of 255 companies in the Restaurants industry, placing it in the top 91.4%.
Is The Cheesecake Factory's Cyclically Adjusted PB Ratio too high?
The Cheesecake Factory's current Cyclically Adjusted PB Ratio of 7.32 is 93% above median its 10-year median of 3.79. Over the past 10 years, this metric has ranged from a low of 1.26 to a high of 7.32. The Restaurants industry median Cyclically Adjusted PB Ratio is 1.86. The Cheesecake Factory's value of 7.32 is 293.5% above this industry median. Based on the distribution chart, The Cheesecake Factory ranks #233 out of 255 companies in the Restaurants industry, which is in the bottom quartile relative to peers. Overall, The Cheesecake Factory has a GF Score™ of 73/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does The Cheesecake Factory's Cyclically Adjusted PB Ratio compare to WING and SHAK?
According to the Restaurants industry distribution chart, The Cheesecake Factory ranks #233 out of 255 companies for Cyclically Adjusted PB Ratio. This places The Cheesecake Factory in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.86. The Cheesecake Factory's value of 7.32 is 293.5% above this benchmark. Historically, The Cheesecake Factory's own Cyclically Adjusted PB Ratio has ranged from 1.26 to 7.32 over the past decade. While the company's 10-year median is 3.79 vs. the industry median of 1.86, The Cheesecake Factory has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted PB Ratio for a Restaurants company?
The median Cyclically Adjusted PB Ratio among Restaurants companies is 1.86, based on 255 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. The Cheesecake Factory's current Cyclically Adjusted PB Ratio of 7.32 is 293.5% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted PB Ratio mean?
A high Cyclically Adjusted PB Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on The Cheesecake Factory and its competitors. For the Restaurants industry, the median Cyclically Adjusted PB Ratio is 1.86 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. The Cheesecake Factory's current Cyclically Adjusted PB Ratio is 7.32, which is 93% above median its own 10-year median of 3.79. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is The Cheesecake Factory stock overvalued right now?
Based on GuruFocus' analysis, The Cheesecake Factory (FRA:CF2) is currently considered Significantly Overvalued. The stock's GF Value™ is €42.24, compared to a current price of €71.16 — trading 68.5% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 7.32, which is 93% above median its 10-year median of 3.79 and 293.5% above the Restaurants industry median of 1.86. The Cheesecake Factory's overall GF Score™ is 73/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted PB Ratio calculated?
Cyclically Adjusted PB Ratio is calculated from a company's financial statements. For The Cheesecake Factory (FRA:CF2), the current Cyclically Adjusted PB Ratio is 7.32 as of Jul. 14, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is The Cheesecake Factory (FRA:CF2) Overvalued in 2026?
Based on GuruFocus' analysis, The Cheesecake Factory stock appears to be overvalued.
The current stock price of €71.16 is trading 68.5% above its estimated GF Value™ of €42.24.
GuruFocus considers The Cheesecake Factory to be Significantly Overvalued.
Key valuation signals for FRA:CF2:
Cyclically Adjusted PB Ratio: 7.32 (93% above median its 10-year median of 3.79)
GF Value™: €42.24 vs. price of €71.16 (68.5% above fair value)
Industry Position: 293.5% above the Restaurants median (#233 of 255)
No single metric tells the full story. See the FRA:CF2 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
The Cheesecake Factory Inc is a restaurant company that owns and operates multiple casual dining brands across the United States and Canada under brands that include The Cheesecake Factory, North Italia, Flower Child, and additional brands within its Fox Restaurant Concepts portfolio. The company's international presence, in the Middle East and Mexico, is through licensing agreements with third parties. The company also has a bakery division that produces cheesecakes and other baked products for sale in its restaurants, international licensees, and third-party bakery customers. The company has four operating business segments: The Cheesecake Factory restaurants, North Italia, Other FRC, and Other. The majority of the company's revenue comes from the Cheesecake Factory restaurants segment.
73GF Score
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Cyclically Adjusted PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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