Denny's (FRA:DE8) Cyclically Adjusted PS Ratio: (As of Sep. 22, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
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Charlie Tian
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.

FRA:DE8 Denny's Corp FRA:DE8
58 GF Score
Price €5.30
GF Value €7.23
! 8 Warning Signs
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What is Denny's Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Denny's  (FRA:DE8) Cyclically Adjusted PS Ratio Explanation

Compared with the regular PS Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PS Ratio smoothed out the fluctuations of revenue 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 PS Ratio should give similar results to regular PS Ratio.


Denny's Cyclically Adjusted PS Ratio Related Terms


Denny's Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Denny's's Cyclically Adjusted PS 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.

Denny's Cyclically Adjusted PS Ratio Chart

Denny's Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.94 2.24 1.27 1.35 0.75

Denny's Quarterly Data
Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25
Cyclically Adjusted PS 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 0.77 0.75 0.45 0.44 0.58

FRA:DE8 vs LOCO, BRCB, VENU: Cyclically Adjusted PS Ratio Comparison

For the Restaurants subindustry, Denny's's Cyclically Adjusted PS Ratio, along with its competitors' market caps and Cyclically Adjusted PS 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 Cyclically Adjusted PS Ratio vs Restaurants Industry

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

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


FRA:DE8
58GF Score
Denny's Corp FRA:DE8
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Denny's Cyclically Adjusted PS Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PS Ratio takes the Revenue per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/S calculation. Because it considers this 10-year average, it's often referred to as the CAPS 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 PS Ratio.

Denny's's Cyclically Adjusted Revenue per Share for the quarter that ended in Sep. 2025 is calculated as:

For example, Denny's's adjusted Revenue per Share data for the three months ended in Sep. 2025 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Sep. 2025 (Change)*Current CPI (Sep. 2025)
=1.857/324.8000*324.8000
=1.857

Current CPI (Sep. 2025) = 324.8000.

Denny's Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201512 1.403 236.525 1.927
201603 1.433 238.132 1.955
201606 1.435 241.018 1.934
201609 1.498 241.428 2.015
201612 1.610 241.432 2.166
201703 1.639 243.801 2.184
201706 1.691 244.955 2.242
201709 1.630 246.819 2.145
201712 1.706 246.524 2.248
201803 1.887 249.554 2.456
201806 1.997 251.989 2.574
201809 2.074 252.439 2.669
201812 2.175 251.233 2.812
201903 2.094 254.202 2.676
201906 2.177 256.143 2.761
201909 1.826 256.759 2.310
201912 1.704 256.974 2.154
202003 1.511 258.115 1.901
202006 0.655 257.797 0.825
202009 0.958 260.280 1.195
202012 1.026 260.474 1.279
202103 1.017 264.877 1.247
202106 1.350 271.696 1.614
202109 1.338 274.310 1.584
202112 1.452 278.802 1.692
202203 1.446 287.504 1.634
202206 1.729 296.311 1.895
202209 1.975 296.808 2.161
202212 2.027 296.797 2.218
202303 1.893 301.836 2.037
202306 1.883 305.109 2.005
202309 1.871 307.789 1.974
202312 1.991 306.746 2.108
202403 1.904 312.332 1.980
202406 2.040 314.175 2.109
202409 1.949 315.301 2.008
202412 2.057 315.605 2.117
202503 2.023 319.799 2.055
202506 1.991 322.561 2.005
202509 1.857 324.800 1.857

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue 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 Denny's (FRA:DE8) Overvalued in 2026?

Based on GuruFocus' analysis, Denny's stock appears to be undervalued. The current stock price of €5.30 is trading 26.7% below its estimated GF Value™ of €7.23.

Key valuation signals for FRA:DE8:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: €7.23 vs. price of €5.30 (26.7% below fair value)
  • GF Score™: 58/100 with 8 warning signs

No single metric tells the full story. See the FRA:DE8 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Denny's Business Description

Address 203 East Main Street, Spartanburg, SC, USA, 29319-9966
Denny's Corp is America's franchised full-service restaurant chains based on the number of restaurants. The company owns and operates the Denny's brand and the Keke's Breakfast Cafe brand. It provides Pancakes, Appetizers & Soups, Sandwiches & Salads, Breakfast Melts, Omelets, and others. The company generates its revenue from two sources: the sale of food and beverages and the collection of royalties, advertising revenue, initial and other fees, including occupancy revenue, from restaurants operated by their franchisees. Geographically operates in USA states as well as globally like Canada, Mexico, Guatemala, Indonesia, United Kingdom, New Zealand and others. Maximum revenue is from USA and Canada.
58GF Score

Get the complete analysis for FRA:DE8

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

€5.30
Price
€7.23
GF Value