GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » Restaurant Brands International Inc (LTS:0VFA) » Definitions » Cyclically Adjusted PB Ratio

Restaurant Brands International (LTS:0VFA) Cyclically Adjusted PB Ratio : 8.41 (As of May. 11, 2024)


View and export this data going back to 2018. Start your Free Trial

What is Restaurant Brands International Cyclically Adjusted PB Ratio?

As of today (2024-05-11), Restaurant Brands International's current share price is C$99.20. Restaurant Brands International's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was C$11.79. Restaurant Brands International's Cyclically Adjusted PB Ratio for today is 8.41.

The historical rank and industry rank for Restaurant Brands International's Cyclically Adjusted PB Ratio or its related term are showing as below:

LTS:0VFA' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 7.29   Med: 8.52   Max: 9.16
Current: 8.49

During the past years, Restaurant Brands International's highest Cyclically Adjusted PB Ratio was 9.16. The lowest was 7.29. And the median was 8.52.

LTS:0VFA's Cyclically Adjusted PB Ratio is ranked worse than
91.67% of 228 companies
in the Restaurants industry
Industry Median: 2.115 vs LTS:0VFA: 8.49

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 adjusted book value per share data for the three months ended in Mar. 2024 was C$12.702. 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 C$11.79 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Restaurant Brands International Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Restaurant Brands International'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.

* Premium members only.

Restaurant Brands International Cyclically Adjusted PB Ratio Chart

Restaurant Brands International Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - - 8.79

Restaurant Brands International Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 - 8.83 7.70 8.79 9.11

Competitive Comparison of Restaurant Brands International's Cyclically Adjusted PB Ratio

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.



Restaurant Brands International 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=99.20/11.79
=8.41

* 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.

Restaurant Brands International's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Restaurant Brands International's adjusted Book Value per Share data for the three months ended in Mar. 2024 was:

Adj_Book=Book Value per Share/CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=12.702/125.4675*125.4675
=12.702

Current CPI (Mar. 2024) = 125.4675.

Restaurant Brands International Quarterly Data

Book Value per Share CPI Adj_Book
201406 0.000 99.473 0.000
201409 0.000 99.394 0.000
201412 10.720 98.367 13.673
201503 9.528 99.789 11.980
201506 9.435 100.500 11.779
201509 9.530 100.421 11.907
201512 8.121 99.947 10.195
201603 9.096 101.054 11.294
201606 9.387 102.002 11.547
201609 9.565 101.765 11.793
201612 9.695 101.449 11.990
201703 10.083 102.634 12.326
201706 10.819 103.029 13.175
201709 11.052 103.345 13.418
201712 11.659 103.345 14.155
201803 10.789 105.004 12.892
201806 10.922 105.557 12.982
201809 11.343 105.636 13.472
201812 8.605 105.399 10.243
201903 9.108 106.979 10.682
201906 9.654 107.690 11.248
201909 10.474 107.611 12.212
201912 10.993 107.769 12.798
202003 10.175 107.927 11.829
202006 10.233 108.401 11.844
202009 10.201 108.164 11.833
202012 9.109 108.559 10.528
202103 9.704 110.298 11.039
202106 10.159 111.720 11.409
202109 10.119 112.905 11.245
202112 9.266 113.774 10.218
202203 9.392 117.646 10.016
202206 9.272 120.806 9.630
202209 10.087 120.648 10.490
202212 11.053 120.964 11.465
202303 11.323 122.702 11.578
202306 12.145 124.203 12.269
202309 12.380 125.230 12.403
202312 12.306 125.468 12.306
202403 12.702 125.468 12.702

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.


Restaurant Brands International  (LTS:0VFA) 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.


Restaurant Brands International Cyclically Adjusted PB Ratio Related Terms

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


Restaurant Brands International (LTS:0VFA) 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 $39 billion in 2022 systemwide sales across a footprint that spanned nearly 30,000 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 Restaurant Brands portfolio now includes Burger King (19,000 units), Tim Hortons (5,600 units), Popeyes Louisiana Kitchen (4,100 units) and Firehouse Subs (1,250 units) as of year-end 2022.

Restaurant Brands International (LTS:0VFA) Headlines

No Headlines