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Denny's (STU:DE8) Cyclically Adjusted PB Ratio : (As of May. 21, 2024)


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What is Denny's Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Denny's Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Denny's'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.

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Denny's Cyclically Adjusted PB Ratio Chart

Denny's Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted PB Ratio
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Denny's Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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Competitive Comparison of Denny's's Cyclically Adjusted PB Ratio

For the Restaurants subindustry, Denny's'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.


Denny's's Cyclically Adjusted PB Ratio Distribution in the Restaurants Industry

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

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



Denny's 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.

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

For example, Denny's'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)
=-0.984/131.7762*131.7762
=-0.984

Current CPI (Mar. 2024) = 131.7762.

Denny's Quarterly Data

Book Value per Share CPI Adj_Book
201406 0.000 100.560 0.000
201409 0.022 100.428 0.029
201412 0.015 99.070 0.020
201503 0.043 99.621 0.057
201506 0.029 100.684 0.038
201509 -0.082 100.392 -0.108
201512 -0.724 99.792 -0.956
201603 -0.671 100.470 -0.880
201606 -0.612 101.688 -0.793
201609 -0.647 101.861 -0.837
201612 -0.945 101.863 -1.223
201703 -0.861 102.862 -1.103
201706 -1.043 103.349 -1.330
201709 -1.247 104.136 -1.578
201712 -1.274 104.011 -1.614
201803 -1.538 105.290 -1.925
201806 -1.590 106.317 -1.971
201809 -1.498 106.507 -1.853
201812 -1.905 105.998 -2.368
201903 -2.033 107.251 -2.498
201906 -2.110 108.070 -2.573
201909 -1.817 108.329 -2.210
201912 -2.176 108.420 -2.645
202003 -3.259 108.902 -3.944
202006 -3.467 108.767 -4.200
202009 -1.842 109.815 -2.210
202012 -1.676 109.897 -2.010
202103 -1.337 111.754 -1.577
202106 -1.285 114.631 -1.477
202109 -1.194 115.734 -1.360
202112 -0.928 117.630 -1.040
202203 -0.673 121.301 -0.731
202206 -0.952 125.017 -1.003
202209 -0.784 125.227 -0.825
202212 -0.618 125.222 -0.650
202303 -0.745 127.348 -0.771
202306 -0.706 128.729 -0.723
202309 -0.621 129.860 -0.630
202312 -1.100 129.419 -1.120
202403 -0.984 131.776 -0.984

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.


Denny's  (STU:DE8) 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.


Denny's Cyclically Adjusted PB Ratio Related Terms

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Denny's (STU:DE8) Business Description

Industry
Traded in Other Exchanges
Address
203 East Main Street, Spartanburg, SC, USA, 29319-9966
Denny's Corp is one of America's largest franchised full-service restaurant chains based on the number of restaurants. It provides Pancakes, Appetizers & Soups, Sandwiches & Salads, Breakfast Melts, Omelettes, and others. The company generates its revenue from two sources: the sale of food & beverages and the collection of royalties & fees from restaurants.

Denny's (STU:DE8) Headlines

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