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Restaurant Brands NZ (ASX:RBD) Cyclically Adjusted PB Ratio : 1.92 (As of Apr. 28, 2024)


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What is Restaurant Brands NZ Cyclically Adjusted PB Ratio?

As of today (2024-04-28), Restaurant Brands NZ's current share price is A$3.02. Restaurant Brands NZ's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec23 was A$1.57. Restaurant Brands NZ's Cyclically Adjusted PB Ratio for today is 1.92.

The historical rank and industry rank for Restaurant Brands NZ's Cyclically Adjusted PB Ratio or its related term are showing as below:

ASX:RBD' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.73   Med: 8.46   Max: 16.53
Current: 1.94

During the past 13 years, Restaurant Brands NZ's highest Cyclically Adjusted PB Ratio was 16.53. The lowest was 1.73. And the median was 8.46.

ASX:RBD's Cyclically Adjusted PB Ratio is ranked better than
55.8% of 224 companies
in the Restaurants industry
Industry Median: 2.105 vs ASX:RBD: 1.94

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.

Restaurant Brands NZ's adjusted book value per share data of for the fiscal year that ended in Dec23 was A$2.164. 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 A$1.57 for the trailing ten years ended in Dec23.

Shiller PE for Stocks: The True Measure of Stock Valuation


Restaurant Brands NZ Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Restaurant Brands NZ's Cyclically Adjusted PB 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.

* Premium members only.

Restaurant Brands NZ Cyclically Adjusted PB Ratio Chart

Restaurant Brands NZ Annual Data
Trend Feb14 Feb15 Feb16 Feb17 Feb18 Feb19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 8.99 10.16 10.11 3.54 2.19

Restaurant Brands NZ Semi-Annual Data
Feb14 Aug14 Feb15 Aug15 Feb16 Aug16 Feb17 Aug17 Feb18 Aug18 Feb19 Aug19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Cyclically Adjusted PB 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 10.11 - 3.54 - 2.19

Competitive Comparison of Restaurant Brands NZ's Cyclically Adjusted PB Ratio

For the Restaurants subindustry, Restaurant Brands NZ'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.


Restaurant Brands NZ's Cyclically Adjusted PB Ratio Distribution in the Restaurants Industry

For the Restaurants industry and Consumer Cyclical sector, Restaurant Brands NZ's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Restaurant Brands NZ's Cyclically Adjusted PB Ratio falls into.



Restaurant Brands NZ Cyclically Adjusted PB Ratio Calculation

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

Restaurant Brands NZ's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=3.02/1.57
=1.92

* 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.

Restaurant Brands NZ's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec23 is calculated as:

For example, Restaurant Brands NZ's adjusted Book Value per Share data for the fiscal year that ended in Dec23 was:

Adj_Book=Book Value per Share/CPI of Dec23 (Change)*Current CPI (Dec23)
=2.164/128.0949*128.0949
=2.164

Current CPI (Dec23) = 128.0949.

Restaurant Brands NZ Annual Data

Book Value per Share CPI Adj_Book
201402 0.597 99.396 0.769
201502 0.680 99.646 0.874
201602 0.702 100.063 0.899
201702 1.475 102.231 1.848
201802 1.514 103.355 1.876
201902 1.723 104.889 2.104
202012 1.740 108.262 2.059
202112 2.203 114.703 2.460
202212 2.213 122.983 2.305
202312 2.164 128.095 2.164

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


Restaurant Brands NZ  (ASX:RBD) Cyclically Adjusted PB Ratio Explanation

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


Restaurant Brands NZ Cyclically Adjusted PB Ratio Related Terms

Thank you for viewing the detailed overview of Restaurant Brands NZ's Cyclically Adjusted PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Restaurant Brands NZ (ASX:RBD) Business Description

Traded in Other Exchanges
Address
666 Great South Road, Level 3, Level 3, Building 7, Central Park, Penrose, Auckland, NTL, NZL, 1051
Restaurant Brands NZ Ltd, together with its subsidiaries, operates quick service and takeaway restaurant concepts. The company's business includes KFC and Carl's Jr. It has various brands, consisting of KFC New Zealand, KFC Australia, Taco Bell, and Carl's Jr. stores. The company has purchased approximately more than 90 KFC stores in New South Wales, Australia, and also acquired the New Zealand franchise for Carl's Jr.

Restaurant Brands NZ (ASX:RBD) Headlines

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