GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » Papa John's International Inc (NAS:PZZA) » Definitions » Cyclically Adjusted PB Ratio

Papa John's International (Papa John's International) Cyclically Adjusted PB Ratio : (As of Apr. 28, 2024)


View and export this data going back to 1993. Start your Free Trial

What is Papa John's International Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Papa John's International Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Papa John's International'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.

Papa John's International Cyclically Adjusted PB Ratio Chart

Papa John's International Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - - -

Papa John's International Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 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 - - - - -

Competitive Comparison of Papa John's International's Cyclically Adjusted PB Ratio

For the Restaurants subindustry, Papa John's International'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.


Papa John's International's Cyclically Adjusted PB Ratio Distribution in the Restaurants Industry

For the Restaurants industry and Consumer Cyclical sector, Papa John's International's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Papa John's International's Cyclically Adjusted PB Ratio falls into.



Papa John's International 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.

Papa John's International's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, Papa John's International'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)
=-14.131/129.4194*129.4194
=-14.131

Current CPI (Dec. 2023) = 129.4194.

Papa John's International Quarterly Data

Book Value per Share CPI Adj_Book
201403 3.045 99.695 3.953
201406 2.644 100.560 3.403
201409 2.273 100.428 2.929
201412 2.168 99.070 2.832
201503 2.039 99.621 2.649
201506 1.631 100.684 2.096
201509 1.238 100.392 1.596
201512 0.759 99.792 0.984
201603 -0.505 100.470 -0.651
201606 -0.825 101.688 -1.050
201609 -0.669 101.861 -0.850
201612 -0.107 101.863 -0.136
201703 0.241 102.862 0.303
201706 0.248 103.349 0.311
201709 -1.679 104.136 -2.087
201712 -3.587 104.011 -4.463
201803 -8.291 105.290 -10.191
201806 -8.449 106.317 -10.285
201809 -9.250 106.507 -11.240
201812 -10.081 105.998 -12.309
201903 -10.462 107.251 -12.625
201906 -10.617 108.070 -12.714
201909 -10.866 108.329 -12.981
201912 -10.420 108.420 -12.438
202003 -10.707 108.902 -12.724
202006 -9.508 108.767 -11.313
202009 -8.874 109.815 -10.458
202012 -8.670 109.897 -10.210
202103 -7.814 111.754 -9.049
202106 -4.506 114.631 -5.087
202109 -4.210 115.734 -4.708
202112 -5.243 117.630 -5.769
202203 -6.281 121.301 -6.701
202206 -7.080 125.017 -7.329
202209 -7.822 125.227 -8.084
202212 -8.245 125.222 -8.521
202303 -15.180 127.348 -15.427
202306 -14.850 128.729 -14.930
202309 -14.633 129.860 -14.583
202312 -14.131 129.419 -14.131

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.


Papa John's International  (NAS:PZZA) 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.


Papa John's International Cyclically Adjusted PB Ratio Related Terms

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


Papa John's International (Papa John's International) Business Description

Traded in Other Exchanges
Address
2002 Papa John's Boulevard, Louisville, KY, USA, 40299-2367
Papa John's is one of the largest players in the global QSR pizza market, boasting more than 5,700 restaurants across nearly 50 countries at the end of 2022. The firm operates a predominantly franchised system, owning just shy of 10% of its restaurants and generating revenue from franchise royalties, sales of pizza, and related products at its company-owned stores, and sales from its commissary supply chain. The firm is the third-largest limited-service pizza chain in the U.S. and fourth-largest globally, with a sizable presence in the U.K., China, South Korea, and Chile.
Executives
John W Garratt director 100 MISSION RIDGE, GOODLETTSVILLE TN 37072
Stephen L Gibbs director C/O SCIENTIFIC GAMES CORPORATION, 1500 BLUEGRASS LAKES PARKWAY, ALPHARETTA, GA 30004
John C Miller director
Ravi Thanawala officer: Chief Financial Officer 788 CIRCLE 75 PARKWAY, ATLANTA GA 30339
Christopher K Collins officer: VP, Treasury and Tax 788 CIRCLE 75 PARKWAY, ATLANTA GA 30339
Marvin Boakye officer: Chief People Officer PO BOX 99900, LOUISVILLE KY 40269
Olivia F Kirtley director 6655 LANCER BLVD, SAN ANTONIO TX 78219
Robert Lynch director, officer: President and CEO P. O. BOX 99900, LOUISVILLE KY 40269
Jack H Swaysland officer: SVP, COO - International PO BOX 99900, LOUISVILLE KY 40269
Jeffrey C Smith director 201 E LAS OLAS BOULEVARD, SUITE 1000, FORT LAUDERDALE FL 33301
James Norberg officer: SVP, CROO PO BOX 99900, LOUISVILLE KY 40269
Caroline Miller Oyler officer: SVP, General Counsel P.O. BOX 99900, LOUISVILLE KY 40269
Ann B Gugino officer: Chief Financial Officer 1031 MENDOTA HEIGHTS ROAD, ST. PAUL MN 55120
Steven R Coke officer: VP, IR and Strategy P.O. BOX 99900, LOUISVILLE KY 40269
Amanda Clark officer: Chief Development Officer PO BOX 99900, LOUISVILLE KY 40269