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Boston Pizza Royaltiesome Fund (Boston Pizza Royaltiesome Fund) Cyclically Adjusted Book per Share : $10.94 (As of Dec. 2023)


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What is Boston Pizza Royaltiesome Fund Cyclically Adjusted Book per Share?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and 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 for the three months ended in Dec. 2023 was $9.769. 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 $10.94 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Boston Pizza Royaltiesome Fund's average Cyclically Adjusted Book Growth Rate was 4.00% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 5.00% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 3.10% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was 2.70% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted Book Growth Rate using Cyclically Adjusted Book per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Book Growth Rate of Boston Pizza Royaltiesome Fund was 5.00% per year. The lowest was 0.30% per year. And the median was 2.30% per year.

As of today (2024-04-28), Boston Pizza Royaltiesome Fund's current stock price is $11.50. Boston Pizza Royaltiesome Fund's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was $10.94. Boston Pizza Royaltiesome Fund's Cyclically Adjusted PB Ratio of today is 1.05.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Boston Pizza Royaltiesome Fund was 2.14. The lowest was 0.45. And the median was 1.39.


Boston Pizza Royaltiesome Fund Cyclically Adjusted Book per Share Historical Data

The historical data trend for Boston Pizza Royaltiesome Fund's Cyclically Adjusted Book per Share 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 Book per Share Chart

Boston Pizza Royaltiesome Fund Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 9.73 9.82 9.01 10.12 10.94

Boston Pizza Royaltiesome Fund Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Cyclically Adjusted Book per Share 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 10.12 10.46 10.36 10.59 10.94

Competitive Comparison of Boston Pizza Royaltiesome Fund's Cyclically Adjusted Book per Share

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.



Boston Pizza Royaltiesome Fund Cyclically Adjusted Book per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and 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.

What is Cyclically Adjusted Book per Share? How do we calculate Cyclically Adjusted Book per Share?

Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted Book per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the book value per share from 2001 through 2010.

We adjusted the 2001 book value per share data with the total inflation from 2001 through 2010 to the equivalent book value in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's book value is $1 a share in 2001, then the 2001's equivalent book value in 2010 is $1.4 a share. If Wal-Mart's book value is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 book value in 2010 is $1.35. So on and so forth, you get the equivalent book value per share of past 10 years. Then you add them together and divided the sum by the count to get 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.

For example, Boston Pizza Royaltiesome Fund's adjusted Book Value per Share data for the three months ended in Dec. 2023 was:

Adj_Book= Book Value per Share /CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=9.769/125.4675*125.4675
=9.769

Current CPI (Dec. 2023) = 125.4675.

Boston Pizza Royaltiesome Fund Quarterly Data

Book Value per Share CPI Adj_Book
201403 9.625 98.604 12.247
201406 9.634 99.473 12.152
201409 9.439 99.394 11.915
201412 8.738 98.367 11.145
201503 6.031 99.789 7.583
201506 10.463 100.500 13.062
201509 9.448 100.421 11.804
201512 9.133 99.947 11.465
201603 9.589 101.054 11.906
201606 9.951 102.002 12.240
201609 9.921 101.765 12.232
201612 9.727 101.449 12.030
201703 9.762 102.634 11.934
201706 9.864 103.029 12.012
201709 11.117 103.345 13.497
201712 10.582 103.345 12.847
201803 10.356 105.004 12.374
201806 10.160 105.557 12.076
201809 9.999 105.636 11.876
201812 9.314 105.399 11.087
201903 9.569 106.979 11.223
201906 9.685 107.690 11.284
201909 9.697 107.611 11.306
201912 9.239 107.769 10.756
202003 7.999 107.927 9.299
202006 8.499 108.401 9.837
202009 8.682 108.164 10.071
202012 9.319 108.559 10.770
202103 9.822 110.298 11.173
202106 0.000 111.720 0.000
202109 9.918 112.905 11.022
202112 10.012 113.774 11.041
202203 10.462 117.646 11.158
202206 10.209 120.806 10.603
202209 9.917 120.648 10.313
202212 9.597 120.964 9.954
202303 9.605 122.702 9.821
202306 10.092 124.203 10.195
202309 9.821 125.230 9.840
202312 9.769 125.468 9.769

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.


Boston Pizza Royaltiesome Fund  (OTCPK:BPZZF) Cyclically Adjusted Book per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted Book per Share may underestimate the company's equity. Cyclically Adjusted PB Ratio can seem to be too high even the actual PB Ratio is low.

For the Cyclically Adjusted PB Ratio, the book value of the past 10 years are inflation-adjusted and averaged. The result is used for P/B calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PB Ratio is also called CAPB Ratio.

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 Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=11.50/10.94
=1.05

* 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.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Boston Pizza Royaltiesome Fund was 2.14. The lowest was 0.45. And the median was 1.39.


Be Aware

Cyclically Adjusted PB Ratio works better for cyclical companies. It gives you a better idea on the company's real book value.


Boston Pizza Royaltiesome Fund Cyclically Adjusted Book per Share Related Terms

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


Boston Pizza Royaltiesome Fund (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 is engaged in the operation and franchising of Boston Pizza restaurants in Canada. The Trust distributes all available cash from operations to the Trust unitholders to the maximum extent possible. The company receives revenue in the form of royalty income.

Boston Pizza Royaltiesome Fund (Boston Pizza Royaltiesome Fund) Headlines