Pizza Pizza Royalty (TSX:PZA) Cyclically Adjusted PS Ratio: 7.42 (As of Aug. 01, 2026) — 17% Below Median

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TSX:PZA Pizza Pizza Royalty Corp TSX:PZA
61 GF Score
Price C$12.61
GF Value C$34.34
Valuation Possible Value Trap
! 5 Warning Signs
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What is Pizza Pizza Royalty Cyclically Adjusted PS Ratio?

Pizza Pizza Royalty TSX:PZA -1.10% 61 Cyclically Adjusted PS Ratio is 7.42 as of Aug. 01, 2026, which is 17% below its 10-year median of 8.94. GuruFocus rates TSX:PZA with a GF Score™ of 61/100 and a GF Value™ of C$34.34 (Possible Value Trap). The stock has 5 warning signs investors should review. Among 257 Restaurants companies, Pizza Pizza Royalty ranks worse than 98.44% on this metric.

As of today (2026-08-01), Pizza Pizza Royalty's current share price is C$12.61. Pizza Pizza Royalty's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was C$1.70. Pizza Pizza Royalty's Cyclically Adjusted PS Ratio for today is 7.42.

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

TSX:PZA' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 2.84   Med: 8.94   Max: 11.78
Current: 7.4

During the past years, Pizza Pizza Royalty's highest Cyclically Adjusted PS Ratio was 11.78. The lowest was 2.84. And the median was 8.94.

TSX:PZA's Cyclically Adjusted PS Ratio is ranked worse than
98.44% of 257 companies
in the Restaurants industry
Industry Median: 0.68 vs TSX:PZA: 7.40

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.

Pizza Pizza Royalty's adjusted revenue per share data for the three months ended in Mar. 2026 was C$2.204. 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 C$1.70 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Pizza Pizza Royalty  (TSX:PZA) 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.


Pizza Pizza Royalty Cyclically Adjusted PS Ratio Related Terms


Pizza Pizza Royalty Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Pizza Pizza Royalty'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.

Pizza Pizza Royalty Cyclically Adjusted PS Ratio Chart

Pizza Pizza Royalty Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 10.01 10.84 11.42 10.06 10.42

Pizza Pizza Royalty Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 9.17 9.97 10.22 10.42 8.87

TSX:PZA vs MCD, SBUX, YUM: Cyclically Adjusted PS Ratio Comparison

For the Restaurants subindustry, Pizza Pizza Royalty'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.


Pizza Pizza Royalty Cyclically Adjusted PS Ratio vs Restaurants Industry

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

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


TSX:PZA
61GF Score
Pizza Pizza Royalty Corp TSX:PZA
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Pizza Pizza Royalty 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.

Pizza Pizza Royalty's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=12.61/1.70
=7.42

* 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.

Pizza Pizza Royalty's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Pizza Pizza Royalty's adjusted Revenue per Share data for the three months ended in Mar. 2026 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=2.204/132.2623*132.2623
=2.204

Current CPI (Mar. 2026) = 132.2623.

Pizza Pizza Royalty Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 0.277 102.002 0.359
201609 0.286 101.765 0.372
201612 0.299 101.449 0.390
201703 0.278 102.634 0.358
201706 0.278 103.029 0.357
201709 0.287 103.345 0.367
201712 0.298 103.345 0.381
201803 0.277 105.004 0.349
201806 0.268 105.557 0.336
201809 0.283 105.636 0.354
201812 0.290 105.399 0.364
201903 0.273 106.979 0.338
201906 0.273 107.690 0.335
201909 0.280 107.611 0.344
201912 0.298 107.769 0.366
202003 0.254 107.927 0.311
202006 0.232 108.401 0.283
202009 0.253 108.164 0.309
202012 0.250 108.559 0.305
202103 0.219 110.298 0.263
202106 0.238 111.720 0.282
202109 0.259 112.905 0.303
202112 0.276 113.774 0.321
202203 0.246 117.646 0.277
202206 0.284 120.806 0.311
202209 0.297 120.648 0.326
202212 0.305 120.964 0.333
202303 0.282 122.702 0.304
202306 0.313 124.203 0.333
202309 0.323 125.230 0.341
202312 0.325 125.072 0.344
202403 0.290 126.258 0.304
202406 0.303 127.522 0.314
202409 0.303 127.285 0.315
202412 0.314 127.364 0.326
202503 2.253 129.181 2.307
202506 0.310 129.892 0.316
202509 0.305 130.287 0.310
202512 0.316 130.366 0.321
202603 2.204 132.262 2.204

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 7.42 mean?
Pizza Pizza Royalty (TSX:PZA) has a Cyclically Adjusted PS Ratio of 7.42 as of Aug. 01, 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 Pizza Pizza Royalty and its competitors. This is 17% below median its historical median of 8.94. Over the past decade, Pizza Pizza Royalty's Cyclically Adjusted PS Ratio has ranged from 2.84 to 11.78. According to the industry distribution chart, Pizza Pizza Royalty ranks #253 out of 257 companies in the Restaurants industry, placing it in the top 98.4%.
Is Pizza Pizza Royalty's Cyclically Adjusted PS Ratio too high?
Pizza Pizza Royalty's current Cyclically Adjusted PS Ratio of 7.42 is 17% below median its 10-year median of 8.94. Over the past 10 years, this metric has ranged from a low of 2.84 to a high of 11.78. The Restaurants industry median Cyclically Adjusted PS Ratio is 0.68. Pizza Pizza Royalty's value of 7.42 is 991.2% above this industry median. Based on the distribution chart, Pizza Pizza Royalty ranks #253 out of 257 companies in the Restaurants industry, which is in the bottom quartile relative to peers. Overall, Pizza Pizza Royalty has a GF Score™ of 61/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Pizza Pizza Royalty's Cyclically Adjusted PS Ratio compare to MCD and SBUX?
According to the Restaurants industry distribution chart, Pizza Pizza Royalty ranks #253 out of 257 companies for Cyclically Adjusted PS Ratio. This places Pizza Pizza Royalty in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 0.68. Pizza Pizza Royalty's value of 7.42 is 991.2% above this benchmark. Historically, Pizza Pizza Royalty's own Cyclically Adjusted PS Ratio has ranged from 2.84 to 11.78 over the past decade. While the company's 10-year median is 8.94 vs. the industry median of 0.68, Pizza Pizza Royalty has consistently been above 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 0.68, based on 257 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. Pizza Pizza Royalty's current Cyclically Adjusted PS Ratio of 7.42 is 991.2% 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 Pizza Pizza Royalty and its competitors. For the Restaurants industry, the median Cyclically Adjusted PS Ratio is 0.68 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Pizza Pizza Royalty's current Cyclically Adjusted PS Ratio is 7.42, which is 17% below median its own 10-year median of 8.94. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Pizza Pizza Royalty stock overvalued right now?
Based on GuruFocus' analysis, Pizza Pizza Royalty (TSX:PZA) is currently considered Possible Value Trap. The stock's GF Value™ is C$34.34, compared to a current price of C$12.61 — trading 63.3% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 7.42, which is 17% below median its 10-year median of 8.94 and 991.2% above the Restaurants industry median of 0.68. Pizza Pizza Royalty's overall GF Score™ is 61/100 with 5 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 Pizza Pizza Royalty (TSX:PZA), the current Cyclically Adjusted PS Ratio is 7.42 as of Aug. 01, 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 Pizza Pizza Royalty (TSX:PZA) Overvalued in 2026?

Based on GuruFocus' analysis, Pizza Pizza Royalty stock appears to be undervalued. The current stock price of C$12.61 is trading 63.3% below its estimated GF Value™ of C$34.34. GuruFocus considers Pizza Pizza Royalty to be Possible Value Trap.

Key valuation signals for TSX:PZA:

  • Cyclically Adjusted PS Ratio: 7.42 (17% below median its 10-year median of 8.94)
  • GF Value™: C$34.34 vs. price of C$12.61 (63.3% below fair value)
  • GF Score™: 61/100 with 5 warning signs
  • Industry Position: 991.2% above the Restaurants median (#253 of 257)

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


Pizza Pizza Royalty Business Description

Other Exchanges PZRIF:USA3IA:Germany
Address 500 Kipling Avenue, Toronto, ON, CAN, M8Z 5E5
Pizza Pizza Royalty Corp through its subsidiary, Pizza Pizza Royalty Limited Partnership, owns and franchises quick-service restaurants under the Pizza Pizza and Pizza 73 brands. It receives the benefit of Pizza Pizza Royalty and Pizza 73 Royalty payable by PPL under the Pizza Pizza Licence and Royalty Agreement and the Pizza 73 Licence and Royalty Agreement, respectively, as well as royalty payments under the international agreement, indirectly through its interests in the partnership.
61GF Score

Get the complete analysis for TSX:PZA

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

C$12.61
Price
C$34.34
GF Value