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Rave Restaurant Group (Rave Restaurant Group) Cyclically Adjusted PB Ratio : 3.09 (As of Apr. 28, 2024)


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What is Rave Restaurant Group Cyclically Adjusted PB Ratio?

As of today (2024-04-28), Rave Restaurant Group's current share price is $2.0996. Rave Restaurant Group's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was $0.68. Rave Restaurant Group's Cyclically Adjusted PB Ratio for today is 3.09.

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

RAVE' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.6   Med: 2.6   Max: 22.23
Current: 3.11

During the past years, Rave Restaurant Group's highest Cyclically Adjusted PB Ratio was 22.23. The lowest was 0.60. And the median was 2.60.

RAVE's Cyclically Adjusted PB Ratio is ranked worse than
66.07% of 224 companies
in the Restaurants industry
Industry Median: 2.105 vs RAVE: 3.11

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.

Rave Restaurant Group's adjusted book value per share data for the three months ended in Dec. 2023 was $0.761. 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 $0.68 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Rave Restaurant Group Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Rave Restaurant Group'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.

Rave Restaurant Group Cyclically Adjusted PB Ratio Chart

Rave Restaurant Group Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.26 1.09 2.19 1.58 2.93

Rave Restaurant Group 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 2.33 2.10 2.93 3.45 3.30

Competitive Comparison of Rave Restaurant Group's Cyclically Adjusted PB Ratio

For the Restaurants subindustry, Rave Restaurant Group'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.


Rave Restaurant Group's Cyclically Adjusted PB Ratio Distribution in the Restaurants Industry

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

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



Rave Restaurant Group 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.

Rave Restaurant Group's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=2.0996/0.68
=3.09

* 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.

Rave Restaurant Group's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, Rave Restaurant Group'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)
=0.761/129.4194*129.4194
=0.761

Current CPI (Dec. 2023) = 129.4194.

Rave Restaurant Group Quarterly Data

Book Value per Share CPI Adj_Book
201403 0.880 99.695 1.142
201406 1.041 100.560 1.340
201409 1.114 100.428 1.436
201412 1.116 99.070 1.458
201503 1.532 99.621 1.990
201506 1.556 100.684 2.000
201509 1.571 100.392 2.025
201512 1.140 99.792 1.478
201603 1.033 100.470 1.331
201606 0.843 101.688 1.073
201609 0.762 101.861 0.968
201612 0.076 101.863 0.097
201703 -0.079 102.862 -0.099
201706 -0.181 103.349 -0.227
201709 0.182 104.136 0.226
201712 0.219 104.011 0.272
201803 0.192 105.290 0.236
201806 0.419 106.317 0.510
201809 0.327 106.507 0.397
201812 0.354 105.998 0.432
201903 0.345 107.251 0.416
201906 0.294 108.070 0.352
201909 0.313 108.329 0.374
201912 0.308 108.420 0.368
202003 0.009 108.902 0.011
202006 0.033 108.767 0.039
202009 0.037 109.815 0.044
202012 0.239 109.897 0.281
202103 0.265 111.754 0.307
202106 0.318 114.631 0.359
202109 0.337 115.734 0.377
202112 0.364 117.630 0.400
202203 0.394 121.301 0.420
202206 0.766 125.017 0.793
202209 0.757 125.227 0.782
202212 0.654 125.222 0.676
202303 0.683 127.348 0.694
202306 0.734 128.729 0.738
202309 0.744 129.860 0.741
202312 0.761 129.419 0.761

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.


Rave Restaurant Group  (NAS:RAVE) 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.


Rave Restaurant Group Cyclically Adjusted PB Ratio Related Terms

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


Rave Restaurant Group (Rave Restaurant Group) Business Description

Traded in Other Exchanges
N/A
Address
3551 Plano Parkway, The Colony, TX, USA, 75056
Rave Restaurant Group Inc operates and franchises pizza buffet, delivery/carry-out, and express restaurants. It operates restaurants under the brand name, Pizza Inn, and Pie Five Pizza Company. It has three operating segments. The Pizza Inn and Pie Five Franchising segments establish franchisees, licensees, and territorial rights. The company-owned restaurant segment includes sales and operating results for all company-owned restaurants. The Pizza Inn Franchising segment accounts for the company's revenue. Geographically, it generates the majority of the revenue from the United States.
Executives
Hallmark Insurance Co other: See Note 1 777 MAIN STREET, SUITE 1000, FORT WORTH TX 76102
Hallmark Specialty Insurance Co other: See Note 1 777 MAIN STREET, SUITE 1000, FORT WORTH TX 76102
American Hallmark Insurance Co Of Texas other: See Explanation 777 MAIN STREET, SUITE 1000, FORT WORTH TX 76102
Brandon Solano officer: Chief Executive Officer 3551 PLANO PARKWAY, THE COLONY TX 75056
Mark E Schwarz director, 10 percent owner 5420 LYNDON B. JOHNSON FREEWAY, SUITE 1100, DALLAS TX 75240
Clinton Dayne Fendley officer: Vice President - Finance 3551 PLANO PARKWAY, THE COLONY TX 75056
Burns Michael F Jr officer: Chief Operating Officer 3551 PLANO PARKWAY, THE COLONY TX 75056
Andrea K. Allen officer: Chief Acctg. & Admin. Officer 3551 PLANO PARKWAY, THE COLONY TX 75056
Robert W. Bafundo officer: President 3551 PLANO PARKWAY, THE COLONY TX 75056
Scott Crane officer: President & CEO 3551 PLANO PARKWAY, THE COLONY TX 75056
Brian Timothy Bares director 12600 HILL COUNTRY BLVD, SUITE R-230, AUSTIN TX 78738
Timothy E Mullany officer: Chief Financial Officer 3551 PLANO PARKWAY, THE COLONY TX 75056
Hammett William C Jr director CAMPBELL CENTRE, 8350 N CENTRAL EXPRESSWAY STE 1900, DALLAS TX 75206
Randall E. Gier officer: President & CEO 3551 PLANO PARKWAY, THE COLONY TX 75056
Clinton J Coleman director C/O NEWCASTLE CAPITAL MANAGEMENT, L.P., 200 CRESCENT COURT, SUITE 1400, DALLAS TX 75201

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