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Papa John's International (STU:PP1) Cyclically Adjusted PB Ratio : (As of May. 24, 2024)


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What is Papa John's International Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Papa John's International Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Papa John's 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.

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Papa John's International Cyclically Adjusted PB Ratio Chart

Papa John's International Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted PB Ratio
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Papa John's International 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 Papa John's International's Cyclically Adjusted PB Ratio

For the Restaurants subindustry, Papa John's 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.


Papa John's International's Cyclically Adjusted PB Ratio Distribution in the Restaurants Industry

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

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



Papa John's 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.

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

For example, Papa John's 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)
=-13.032/131.7762*131.7762
=-13.032

Current CPI (Mar. 2024) = 131.7762.

Papa John's International Quarterly Data

Book Value per Share CPI Adj_Book
201406 1.946 100.560 2.550
201409 1.764 100.428 2.315
201412 1.758 99.070 2.338
201503 1.884 99.621 2.492
201506 1.453 100.684 1.902
201509 1.103 100.392 1.448
201512 0.697 99.792 0.920
201603 -0.454 100.470 -0.595
201606 -0.734 101.688 -0.951
201609 -0.596 101.861 -0.771
201612 -0.101 101.863 -0.131
201703 0.226 102.862 0.290
201706 0.221 103.349 0.282
201709 -1.409 104.136 -1.783
201712 -3.031 104.011 -3.840
201803 -6.724 105.290 -8.415
201806 -7.232 106.317 -8.964
201809 -7.927 106.507 -9.808
201812 -8.861 105.998 -11.016
201903 -9.259 107.251 -11.376
201906 -9.396 108.070 -11.457
201909 -9.867 108.329 -12.003
201912 -9.378 108.420 -11.398
202003 -9.690 108.902 -11.725
202006 -8.443 108.767 -10.229
202009 -7.534 109.815 -9.041
202012 -7.127 109.897 -8.546
202103 -6.564 111.754 -7.740
202106 -3.740 114.631 -4.299
202109 -3.579 115.734 -4.075
202112 -4.640 117.630 -5.198
202203 -5.703 121.301 -6.195
202206 -6.698 125.017 -7.060
202209 -7.900 125.227 -8.313
202212 -7.783 125.222 -8.190
202303 -14.178 127.348 -14.671
202306 -13.706 128.729 -14.030
202309 -13.712 129.860 -13.914
202312 -12.958 129.419 -13.194
202403 -13.032 131.776 -13.032

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.


Papa John's International  (STU:PP1) 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.


Papa John's International Cyclically Adjusted PB Ratio Related Terms

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Papa John's International (STU:PP1) Business Description

Traded in Other Exchanges
Address
2002 Papa John's Boulevard, Louisville, KY, USA, 40299-2367
Papa John's is one of the largest players in the global QSR pizza market, boasting more than 5,700 restaurants across nearly 50 countries at the end of 2022. The firm operates a predominantly franchised system, owning just shy of 10% of its restaurants and generating revenue from franchise royalties, sales of pizza, and related products at its company-owned stores, and sales from its commissary supply chain. The firm is the third-largest limited-service pizza chain in the U.S. and fourth-largest globally, with a sizable presence in the U.K., China, South Korea, and Chile.

Papa John's International (STU:PP1) Headlines

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