PBPB (Potbelly) Cyclically Adjusted PS Ratio: 0.93 (As of Jul. 14, 2026)

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PBPB Potbelly Corp PBPB
9 GF Score
Price $17.12
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What is Potbelly Cyclically Adjusted PS Ratio?

Potbelly PBPB 9 Cyclically Adjusted PS Ratio is 0.93 as of Jul. 14, 2026. GuruFocus rates PBPB with a GF Score™ of 9/100.

As of today (2026-07-14), Potbelly's current share price is $17.12. Potbelly's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2025 was $18.49. Potbelly's Cyclically Adjusted PS Ratio for today is 0.93.

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

PBPB's Cyclically Adjusted PS Ratio is not ranked *
in the Restaurants industry.
Industry Median: 0.695
* Ranked among companies with meaningful Cyclically Adjusted PS Ratio only.

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.

Potbelly's adjusted revenue per share data for the three months ended in Jun. 2025 was $4.015. 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 $18.49 for the trailing ten years ended in Jun. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


Potbelly  (NAS:PBPB) 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.


Potbelly Cyclically Adjusted PS Ratio Related Terms


Potbelly Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Potbelly'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.

Potbelly Cyclically Adjusted PS Ratio Chart

Potbelly 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 0.00 0.00 0.33 0.59 0.52

Potbelly Quarterly Data
Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25
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 0.44 0.46 0.52 0.52 0.66

PBPB vs BRCB, NATH, VENU: Cyclically Adjusted PS Ratio Comparison

For the Restaurants subindustry, Potbelly'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.


Potbelly Cyclically Adjusted PS Ratio vs Restaurants Industry

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

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


PBPB
9GF Score
Potbelly Corp PBPB
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Potbelly 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.

Potbelly's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=17.12/18.49
=0.93

* 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.

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

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

Adj_RevenuePerShare=Revenue per Share/CPI of Jun. 2025 (Change)*Current CPI (Jun. 2025)
=4.015/322.5610*322.5610
=4.015

Current CPI (Jun. 2025) = 322.5610.

Potbelly Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201509 3.385 237.945 4.589
201512 3.506 236.525 4.781
201603 3.589 238.132 4.861
201606 3.970 241.018 5.313
201609 4.018 241.428 5.368
201612 3.952 241.432 5.280
201703 3.899 243.801 5.159
201706 4.320 244.955 5.689
201709 4.252 246.819 5.557
201712 4.470 246.524 5.849
201803 4.093 249.554 5.290
201806 4.319 251.989 5.529
201809 4.218 252.439 5.390
201812 4.157 251.233 5.337
201903 4.064 254.202 5.157
201906 4.418 256.143 5.564
201909 4.391 256.759 5.516
201912 4.308 256.974 5.408
202003 3.704 258.115 4.629
202006 2.362 257.797 2.955
202009 3.033 260.280 3.759
202012 3.091 260.474 3.828
202103 3.009 264.877 3.664
202106 3.485 271.696 4.137
202109 3.598 274.310 4.231
202112 3.623 278.802 4.192
202203 3.459 287.504 3.881
202206 3.982 296.311 4.335
202209 4.076 296.808 4.430
202212 4.084 296.797 4.439
202303 4.091 301.836 4.372
202306 4.208 305.109 4.449
202309 4.022 307.789 4.215
202312 4.109 306.746 4.321
202403 3.761 312.332 3.884
202406 3.897 314.175 4.001
202409 3.789 315.301 3.876
202412 3.772 315.605 3.855
202503 3.803 319.799 3.836
202506 4.015 322.561 4.015

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 0.93 mean?
Potbelly (PBPB) has a Cyclically Adjusted PS Ratio of 0.93 as of Jul. 14, 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 Potbelly and its competitors.
Is Potbelly's Cyclically Adjusted PS Ratio too high?
Potbelly's current Cyclically Adjusted PS Ratio is 0.93. The Restaurants industry median Cyclically Adjusted PS Ratio is 0.70. Potbelly's value of 0.93 is 33.8% above this industry median. Overall, Potbelly has a GF Score™ of 9/100, reflecting its overall financial health beyond just this single metric.
How does Potbelly's Cyclically Adjusted PS Ratio compare to BRCB and NATH?
Potbelly's Cyclically Adjusted PS Ratio of 0.93 can be compared against companies in the Restaurants industry. The industry median Cyclically Adjusted PS Ratio is 0.70. Potbelly's value of 0.93 is 33.8% above this benchmark. 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 256 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. Potbelly's current Cyclically Adjusted PS Ratio of 0.93 is 33.8% above 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 Potbelly 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. Potbelly's current Cyclically Adjusted PS Ratio is 0.93. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Potbelly stock overvalued right now?
Potbelly (PBPB) has a current Cyclically Adjusted PS Ratio of 0.93. The current Cyclically Adjusted PS Ratio is 0.93 and 33.8% above the Restaurants industry median of 0.70. Potbelly's overall GF Score™ is 9/100. 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 Potbelly (PBPB), the current Cyclically Adjusted PS Ratio is 0.93 as of Jul. 14, 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.

Potbelly Business Description

Address 111 North Canal Street, Suite 325, Chicago, IL, USA, 60606
Potbelly Corp owns and franchises hundreds of limited-service restaurants specializing in sandwiches and salads, shakes. The menu includes toasty sandwiches, signature salads, soups, chili, sides, desserts, and, in breakfast locations it serves breakfast sandwiches and steel-cut oatmeal. majority of its locations are company-owned and located in the United States, with Illinois and Texas housing far more locations than any other state. The company has franchise partners in a number of countries. Excluding the United States, its franchises are in the Middle East.
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Cyclically Adjusted PS Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$17.12
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