RSTRF (Restaurant Brands International LP) Cyclically Adjusted PB Ratio: 4.97 (As of Jul. 07, 2026) — Near Median


RSTRF Restaurant Brands International LP RSTRF
86 GF Score
Price $72.33
GF Value $92.61
Valuation Modestly Undervalued
! 6 Warning Signs
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What is Restaurant Brands International LP Cyclically Adjusted PB Ratio?

Restaurant Brands International LP RSTRF 86 Cyclically Adjusted PB Ratio is 4.97 as of Jul. 07, 2026, which is 1% above its 10-year median of 4.92. GuruFocus rates RSTRF with a GF Score™ of 86/100 and a GF Value™ of $92.61 (Modestly Undervalued). The stock has 6 warning signs investors should review. Among 254 Restaurants companies, Restaurant Brands International LP ranks worse than 84.65% on this metric.

As of today (2026-07-07), Restaurant Brands International LP's current share price is $72.33. Restaurant Brands International LP's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was $14.55. Restaurant Brands International LP's Cyclically Adjusted PB Ratio for today is 4.97.

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

RSTRF' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 4.4   Med: 4.92   Max: 5.63
Current: 5.16

During the past years, Restaurant Brands International LP's highest Cyclically Adjusted PB Ratio was 5.63. The lowest was 4.40. And the median was 4.92.

RSTRF's Cyclically Adjusted PB Ratio is ranked worse than
84.65% of 254 companies
in the Restaurants industry
Industry Median: 1.815 vs RSTRF: 5.16

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 LP's adjusted book value per share data for the three months ended in Mar. 2026 was $15.760. 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 $14.55 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Restaurant Brands International LP  (OTCPK:RSTRF) 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 LP Cyclically Adjusted PB Ratio Related Terms


Restaurant Brands International LP Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Restaurant Brands International LP'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.

Restaurant Brands International LP Cyclically Adjusted PB Ratio Chart

Restaurant Brands International LP 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 5.40 4.80 4.81

Restaurant Brands International LP 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 4.92 4.53 4.57 4.81 5.12

RSTRF vs MCD, SBUX, YUM: Cyclically Adjusted PB Ratio Comparison

For the Restaurants subindustry, Restaurant Brands International LP'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 LP Cyclically Adjusted PB Ratio vs Restaurants Industry

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

* The bar in red indicates where Restaurant Brands International LP's Cyclically Adjusted PB Ratio falls into.


RSTRF
86GF Score
Restaurant Brands International LP RSTRF
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Restaurant Brands International LP 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 LP's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=72.33/14.55
=4.97

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

For example, Restaurant Brands International LP'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)
=15.76/132.2623*132.2623
=15.760

Current CPI (Mar. 2026) = 132.2623.

Restaurant Brands International LP Quarterly Data

Book Value per Share CPI Adj_Book
201606 15.817 102.002 20.509
201609 15.811 101.765 20.549
201612 15.809 101.449 20.611
201703 16.067 102.634 20.705
201706 16.714 103.029 21.456
201709 17.652 103.345 22.591
201712 10.865 103.345 13.905
201803 10.104 105.004 12.727
201806 10.061 105.557 12.606
201809 10.469 105.636 13.108
201812 8.830 105.399 11.081
201903 9.211 106.979 11.388
201906 9.667 107.690 11.873
201909 11.050 107.611 13.581
201912 11.578 107.769 14.209
202003 10.206 107.927 12.507
202006 10.550 108.401 12.872
202009 10.738 108.164 13.130
202012 10.408 108.559 12.680
202103 11.192 110.298 13.421
202106 11.920 111.720 14.112
202109 11.823 112.905 13.850
202112 11.095 113.774 12.898
202203 11.457 117.646 12.880
202206 11.311 120.806 12.384
202209 11.691 120.648 12.816
202212 12.365 120.964 13.520
202303 12.570 122.702 13.549
202306 13.642 124.203 14.527
202309 13.891 125.230 14.671
202312 14.088 125.072 14.898
202403 14.401 126.258 15.086
202406 14.747 127.522 15.295
202409 15.009 127.285 15.596
202412 14.425 127.364 14.980
202503 14.368 129.181 14.711
202506 15.161 129.892 15.438
202509 15.384 130.287 15.617
202512 15.366 130.366 15.590
202603 15.760 132.262 15.760

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.

What does a Cyclically Adjusted PB Ratio of 4.97 mean?
Restaurant Brands International LP (RSTRF) has a Cyclically Adjusted PB Ratio of 4.97 as of Jul. 07, 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 Restaurant Brands International LP and its competitors. This is near median its historical median of 4.92. Over the past decade, Restaurant Brands International LP's Cyclically Adjusted PB Ratio has ranged from 4.40 to 5.63. According to the industry distribution chart, Restaurant Brands International LP ranks #215 out of 254 companies in the Restaurants industry, placing it in the top 84.6%.
Is Restaurant Brands International LP's Cyclically Adjusted PB Ratio too high?
Restaurant Brands International LP's current Cyclically Adjusted PB Ratio of 4.97 is near median its 10-year median of 4.92. Over the past 10 years, this metric has ranged from a low of 4.40 to a high of 5.63. The Restaurants industry median Cyclically Adjusted PB Ratio is 1.82. Restaurant Brands International LP's value of 4.97 is 173.8% above this industry median. Based on the distribution chart, Restaurant Brands International LP ranks #215 out of 254 companies in the Restaurants industry, which is in the bottom quartile relative to peers. Overall, Restaurant Brands International LP has a GF Score™ of 86/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Restaurant Brands International LP's Cyclically Adjusted PB Ratio compare to MCD and SBUX?
According to the Restaurants industry distribution chart, Restaurant Brands International LP ranks #215 out of 254 companies for Cyclically Adjusted PB Ratio. This places Restaurant Brands International LP in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.82. Restaurant Brands International LP's value of 4.97 is 173.8% above this benchmark. Historically, Restaurant Brands International LP's own Cyclically Adjusted PB Ratio has ranged from 4.40 to 5.63 over the past decade. While the company's 10-year median is 4.92 vs. the industry median of 1.82, Restaurant Brands International LP 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 1.82, based on 254 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. Restaurant Brands International LP's current Cyclically Adjusted PB Ratio of 4.97 is 173.8% 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 Restaurant Brands International LP and its competitors. For the Restaurants industry, the median Cyclically Adjusted PB Ratio is 1.82 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Restaurant Brands International LP's current Cyclically Adjusted PB Ratio is 4.97, which is near median its own 10-year median of 4.92. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Restaurant Brands International LP stock overvalued right now?
Based on GuruFocus' analysis, Restaurant Brands International LP (RSTRF) is currently considered Modestly Undervalued. The stock's GF Value™ is $92.61, compared to a current price of $72.33 — trading 21.9% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 4.97, which is near median its 10-year median of 4.92 and 173.8% above the Restaurants industry median of 1.82. Restaurant Brands International LP's overall GF Score™ is 86/100 with 6 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 Restaurant Brands International LP (RSTRF), the current Cyclically Adjusted PB Ratio is 4.97 as of Jul. 07, 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 Restaurant Brands International LP (RSTRF) Overvalued in 2026?

Based on GuruFocus' analysis, Restaurant Brands International LP stock appears to be undervalued. The current stock price of $72.33 is trading 21.9% below its estimated GF Value™ of $92.61. GuruFocus considers Restaurant Brands International LP to be Modestly Undervalued.

Key valuation signals for RSTRF:

  • Cyclically Adjusted PB Ratio: 4.97 (near median its 10-year median of 4.92)
  • GF Value™: $92.61 vs. price of $72.33 (21.9% below fair value)
  • GF Score™: 86/100 with 6 warning signs
  • Industry Position: 173.8% above the Restaurants median (#215 of 254)

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


Restaurant Brands International LP Business Description

Other Exchanges QSP.UN:Canada
Address 130 King Street West, Suite 300, P.O. Box 339, Toronto, ON, CAN, M5X 1E1
Restaurant Brands International LP is a Canada-based firm. It owns, operates and franchises quick-service restaurants and possesses market recognition. The company has five segments Tim Hortons (TH), Burger King (BK), Popeyes Louisiana Kitchen (PLK), Firehouse Subs( FHS), Restaurant Holdings (RH) and International (INTL). It derives maximum profit from the Tim Hortons segment.
86GF 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.

$72.33
Price
$92.61
GF Value