Denny's (FRA:DE8) Cyclically Adjusted PS Ratio: 0.66 (As of Aug. 18, 2026) — 62% Below Median

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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?

Denny's FRA:DE8 58 Cyclically Adjusted PS Ratio is 0.66 as of Aug. 18, 2026, which is 62% below its 10-year median of 1.73. GuruFocus rates FRA:DE8 with a GF Score™ of 58/100 and a GF Value™ of €7.23. The stock has 8 warning signs investors should review.

As of today (2026-08-18), Denny's's current share price is €5.30. Denny's's Cyclically Adjusted Revenue per Share for the quarter that ended in Sep. 2025 was €8.04. Denny's's Cyclically Adjusted PS Ratio for today is 0.66.

The historical rank and industry rank for Denny's's Cyclically Adjusted PS Ratio or its related term are showing as below:

FRA:DE8' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.34   Med: 1.73   Max: 3.44
Current: 0.69

During the past years, Denny's's highest Cyclically Adjusted PS Ratio was 3.44. The lowest was 0.34. And the median was 1.73.

FRA:DE8's Cyclically Adjusted PS Ratio is not ranked
in the Restaurants industry.
Industry Median: 0.695 vs FRA:DE8: 0.69

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 PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted revenue per share of a company over the past 10 years.

Denny's's adjusted revenue per share data for the three months ended in Sep. 2025 was €1.849. Add all the adjusted revenue per share for the past 10 years together and divide 10 will get our Cyclically Adjusted Revenue per Share, which is €8.04 for the trailing ten years ended in Sep. 2025.

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 2.14 2.20 1.17 1.31 0.70

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 0.74 0.70 0.42 0.46 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.
View Full Analysis

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 PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=5.30/8.04
=0.66

* 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'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)
=1.849/324.8000*324.8000
=1.849

Current CPI (Sep. 2025) = 324.8000.

Denny's Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201512 1.411 236.525 1.938
201603 1.419 238.132 1.935
201606 1.442 241.018 1.943
201609 1.490 241.428 2.005
201612 1.645 241.432 2.213
201703 1.633 243.801 2.176
201706 1.656 244.955 2.196
201709 1.605 246.819 2.112
201712 1.697 246.524 2.236
201803 1.881 249.554 2.448
201806 2.037 251.989 2.626
201809 2.067 252.439 2.660
201812 2.195 251.233 2.838
201903 2.104 254.202 2.688
201906 2.165 256.143 2.745
201909 1.844 256.759 2.333
201912 1.701 256.974 2.150
202003 1.506 258.115 1.895
202006 0.640 257.797 0.806
202009 0.950 260.280 1.185
202012 1.010 260.474 1.259
202103 1.029 264.877 1.262
202106 1.350 271.696 1.614
202109 1.340 274.310 1.587
202112 1.469 278.802 1.711
202203 1.472 287.504 1.663
202206 1.743 296.311 1.911
202209 2.009 296.808 2.198
202212 1.952 296.797 2.136
202303 1.897 301.836 2.041
202306 1.892 305.109 2.014
202309 1.908 307.789 2.013
202312 1.964 306.746 2.080
202403 1.901 312.332 1.977
202406 2.040 314.175 2.109
202409 1.929 315.301 1.987
202412 2.096 315.605 2.157
202503 1.969 319.799 2.000
202506 1.957 322.561 1.971
202509 1.849 324.800 1.849

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.

What does a Cyclically Adjusted PS Ratio of 0.66 mean?
Denny's (FRA:DE8) has a Cyclically Adjusted PS Ratio of 0.66 as of Aug. 18, 2026. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on Denny's and its competitors. This is 62% below median its historical median of 1.73. Over the past decade, Denny's' Cyclically Adjusted PS Ratio has ranged from 0.34 to 3.44.
Is Denny's' Cyclically Adjusted PS Ratio too high?
Denny's' current Cyclically Adjusted PS Ratio of 0.66 is 62% below median its 10-year median of 1.73. Over the past 10 years, this metric has ranged from a low of 0.34 to a high of 3.44. The Restaurants industry median Cyclically Adjusted PS Ratio is 0.70. Denny's' value of 0.66 is 5% below this industry median. Overall, Denny's has a GF Score™ of 58/100, reflecting its overall financial health beyond just this single metric.
How does Denny's' Cyclically Adjusted PS Ratio compare to LOCO and BRCB?
Denny's' Cyclically Adjusted PS Ratio of 0.66 can be compared against companies in the Restaurants industry. The industry median Cyclically Adjusted PS Ratio is 0.70. Denny's' value of 0.66 is 5% below this benchmark. Historically, Denny's' own Cyclically Adjusted PS Ratio has ranged from 0.34 to 3.44 over the past decade. While the company's 10-year median is 1.73 vs. the industry median of 0.70, Denny's has consistently been below 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 PS Ratio for a Restaurants company?
The median Cyclically Adjusted PS Ratio among Restaurants companies is 0.70, based on 264 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PS Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PS Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Denny's's current Cyclically Adjusted PS Ratio of 0.66 is 5% below 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 PS Ratio mean?
A high Cyclically Adjusted PS Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on Denny's and its competitors. For the Restaurants industry, the median Cyclically Adjusted PS Ratio is 0.70 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Denny's's current Cyclically Adjusted PS Ratio is 0.66, which is 62% below median its own 10-year median of 1.73. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Denny's stock overvalued right now?
Denny's (FRA:DE8) has a current Cyclically Adjusted PS Ratio of 0.66. The stock's GF Value™ is €7.23, compared to a current price of €5.30 — trading 26.7% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.66, which is 62% below median its 10-year median of 1.73 and 5% below the Restaurants industry median of 0.70. Denny's' overall GF Score™ is 58/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted PS Ratio calculated?
Cyclically Adjusted PS Ratio is calculated from a company's financial statements. For Denny's (FRA:DE8), the current Cyclically Adjusted PS Ratio is 0.66 as of Aug. 18, 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 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: 0.66 (62% below median its 10-year median of 1.73)
  • GF Value™: €7.23 vs. price of €5.30 (26.7% below fair value)
  • GF Score™: 58/100 with 8 warning signs
  • Industry Position: 5% below the Restaurants median

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