Texas Roadhouse (MIL:1TXRH) Cyclically Adjusted PB Ratio: (As of Sep. 22, 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
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.

MIL:1TXRH Texas Roadhouse Inc MIL:1TXRH
69 GF Score
Price €144.60
GF Value €180.91
Valuation Modestly Undervalued
! 1 Warning Sign
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What is Texas Roadhouse Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Texas Roadhouse  (MIL:1TXRH) 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.


Texas Roadhouse Cyclically Adjusted PB Ratio Related Terms


Texas Roadhouse Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Texas Roadhouse'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.

Texas Roadhouse Cyclically Adjusted PB Ratio Chart

Texas Roadhouse Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PB Ratio
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Texas Roadhouse 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 10.61 9.19 9.22 8.95 10.36

MIL:1TXRH vs DPZ, YUMC, LKNCY: Cyclically Adjusted PB Ratio Comparison

For the Restaurants subindustry, Texas Roadhouse'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.


Texas Roadhouse Cyclically Adjusted PB Ratio vs Restaurants Industry

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

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


MIL:1TXRH
69GF Score
Texas Roadhouse Inc MIL:1TXRH
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Texas Roadhouse 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.

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

For example, Texas Roadhouse'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)
=21.068/333.9520*333.9520
=21.068

Current CPI (Jun. 2026) = 333.9520.

Texas Roadhouse Quarterly Data

Book Value per Share CPI Adj_Book
201609 9.380 241.428 12.975
201612 10.180 241.432 14.081
201703 10.306 243.801 14.117
201706 9.992 244.955 13.622
201709 9.884 246.819 13.373
201712 9.962 246.524 13.495
201803 10.098 249.554 13.513
201806 11.044 251.989 14.636
201809 11.327 252.439 14.985
201812 11.735 251.233 15.599
201903 12.252 254.202 16.096
201906 11.393 256.143 14.854
201909 11.992 256.759 15.597
201912 11.953 256.974 15.534
202003 11.975 258.115 15.493
202006 11.324 257.797 14.669
202009 11.273 260.280 14.464
202012 11.080 260.474 14.206
202103 12.322 264.877 15.535
202106 12.832 271.696 15.772
202109 13.371 274.310 16.278
202112 13.605 278.802 16.296
202203 13.591 287.504 15.787
202206 13.650 296.311 15.384
202209 15.142 296.808 17.037
202212 14.377 296.797 16.177
202303 14.707 301.836 16.272
202306 15.060 305.109 16.484
202309 15.828 307.789 17.173
202312 15.689 306.746 17.080
202403 16.942 312.332 18.115
202406 17.866 314.175 18.991
202409 17.772 315.301 18.823
202412 19.927 315.605 21.085
202503 19.456 319.799 20.317
202506 18.797 322.561 19.461
202509 18.962 324.800 19.496
202512 19.132 324.054 19.716
202603 20.283 330.213 20.513
202606 21.068 333.952 21.068

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 Texas Roadhouse (MIL:1TXRH) Overvalued in 2026?

Based on GuruFocus' analysis, Texas Roadhouse stock appears to be undervalued. The current stock price of €144.60 is trading 20.1% below its estimated GF Value™ of €180.91. GuruFocus considers Texas Roadhouse to be Modestly Undervalued.

Key valuation signals for MIL:1TXRH:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: €180.91 vs. price of €144.60 (20.1% below fair value)
  • GF Score™: 69/100 with 1 warning sign

No single metric tells the full story. See the MIL:1TXRH stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Texas Roadhouse Business Description

Other Exchanges TXRH:USAROW:Germany
Address 6040 Dutchmans Lane, Louisville, KY, USA, 40205
Texas Roadhouse Inc is a restaurant company operating predominantly in the casual dining segment. The company manages its restaurant and franchising operations by concept and, as a result, has identified Texas Roadhouse, Bubba's 33, Jaggers, and retail initiatives as separate operating segments. In addition, it has identified Texas Roadhouse and Bubba's 33 as reportable segments. Maximum revenue for the company is generated from the Texas Roadhouse segment, which is a moderately priced, full-service, casual dining restaurant concept offering steaks, a selection of ribs, seafood, chicken, pork chops, pulled pork, vegetable plates, and an assortment of hamburgers, salads, and sandwiches. Geographically, the majority of the firm's restaurants are in the USA, with a few in foreign countries.
69GF Score

Get the complete analysis for MIL:1TXRH

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

€144.60
Price
€180.91
GF Value