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Boston Pizza Royaltiesome Fund (TSX:BPF.UN) Cyclically Adjusted PB Ratio : 1.29 (As of Jun. 04, 2025)


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What is Boston Pizza Royaltiesome Fund Cyclically Adjusted PB Ratio?

As of today (2025-06-04), Boston Pizza Royaltiesome Fund's current share price is C$19.37. Boston Pizza Royaltiesome Fund's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was C$14.96. Boston Pizza Royaltiesome Fund's Cyclically Adjusted PB Ratio for today is 1.29.

The historical rank and industry rank for Boston Pizza Royaltiesome Fund's Cyclically Adjusted PB Ratio or its related term are showing as below:

TSX:BPF.UN' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.45   Med: 1.2   Max: 2
Current: 1.28

During the past years, Boston Pizza Royaltiesome Fund's highest Cyclically Adjusted PB Ratio was 2.00. The lowest was 0.45. And the median was 1.20.

TSX:BPF.UN's Cyclically Adjusted PB Ratio is ranked better than
59.43% of 244 companies
in the Restaurants industry
Industry Median: 1.71 vs TSX:BPF.UN: 1.28

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.

Boston Pizza Royaltiesome Fund's adjusted book value per share data for the three months ended in Mar. 2025 was C$13.237. 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$14.96 for the trailing ten years ended in Mar. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


Boston Pizza Royaltiesome Fund Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Boston Pizza Royaltiesome Fund'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.

Boston Pizza Royaltiesome Fund Cyclically Adjusted PB Ratio Chart

Boston Pizza Royaltiesome Fund Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.87 1.19 1.09 1.06 1.19

Boston Pizza Royaltiesome Fund Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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 1.08 1.09 1.20 1.19 1.14

Competitive Comparison of Boston Pizza Royaltiesome Fund's Cyclically Adjusted PB Ratio

For the Restaurants subindustry, Boston Pizza Royaltiesome Fund'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.


Boston Pizza Royaltiesome Fund's Cyclically Adjusted PB Ratio Distribution in the Restaurants Industry

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

* The bar in red indicates where Boston Pizza Royaltiesome Fund's Cyclically Adjusted PB Ratio falls into.


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Boston Pizza Royaltiesome Fund 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.

Boston Pizza Royaltiesome Fund's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=19.37/14.96
=1.29

* 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.

Boston Pizza Royaltiesome Fund's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 is calculated as:

For example, Boston Pizza Royaltiesome Fund's adjusted Book Value per Share data for the three months ended in Mar. 2025 was:

Adj_Book=Book Value per Share/CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=13.237/129.1809*129.1809
=13.237

Current CPI (Mar. 2025) = 129.1809.

Boston Pizza Royaltiesome Fund Quarterly Data

Book Value per Share CPI Adj_Book
201506 12.938 100.500 16.630
201509 12.534 100.421 16.124
201512 12.524 99.947 16.187
201603 12.683 101.054 16.213
201606 12.831 102.002 16.250
201609 13.004 101.765 16.507
201612 12.975 101.449 16.522
201703 13.069 102.634 16.449
201706 13.115 103.029 16.444
201709 13.650 103.345 17.063
201712 13.513 103.345 16.891
201803 13.393 105.004 16.477
201806 13.335 105.557 16.319
201809 13.033 105.636 15.938
201812 12.515 105.399 15.339
201903 12.794 106.979 15.449
201906 12.870 107.690 15.438
201909 12.840 107.611 15.414
201912 12.167 107.769 14.584
202003 11.166 107.927 13.365
202006 11.519 108.401 13.727
202009 11.487 108.164 13.719
202012 11.937 108.559 14.205
202103 12.345 110.298 14.459
202106 0.000 111.720 0.000
202109 12.568 112.905 14.380
202112 12.815 113.774 14.550
202203 13.245 117.646 14.544
202206 13.072 120.806 13.978
202209 13.229 120.648 14.165
202212 13.037 120.964 13.923
202303 13.143 122.702 13.837
202306 13.409 124.203 13.946
202309 13.289 125.230 13.708
202312 13.106 125.072 13.537
202403 13.278 126.258 13.585
202406 13.290 127.522 13.463
202409 13.392 127.285 13.592
202412 13.169 127.364 13.357
202503 13.237 129.181 13.237

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.


Boston Pizza Royaltiesome Fund  (TSX:BPF.UN) 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.


Boston Pizza Royaltiesome Fund Cyclically Adjusted PB Ratio Related Terms

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


Boston Pizza Royaltiesome Fund Business Description

Traded in Other Exchanges
Address
13571 Commerce Parkway, Suite 201, Richmond, BC, CAN, V6V 2R2
Boston Pizza Royalties Income Fund is a limited-purpose open-ended trust. It receives royalty from Boston Pizza Inc on the franchise sales of Boston Pizza Restaurants. The Trust distributes all available cash from operations to unitholders of the Trust to the maximum extent possible.

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