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Restaurant Brands International LP (TSX:QSP.UN) Cyclically Adjusted PS Ratio : 4.64 (As of May. 26, 2024)


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What is Restaurant Brands International LP Cyclically Adjusted PS Ratio?

As of today (2024-05-26), Restaurant Brands International LP's current share price is C$92.23. Restaurant Brands International LP's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was C$19.88. Restaurant Brands International LP's Cyclically Adjusted PS Ratio for today is 4.64.

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

TSX:QSP.UN' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 4.58   Med: 5.18   Max: 5.65
Current: 4.64

During the past years, Restaurant Brands International LP's highest Cyclically Adjusted PS Ratio was 5.65. The lowest was 4.58. And the median was 5.18.

TSX:QSP.UN's Cyclically Adjusted PS Ratio is ranked worse than
92.28% of 246 companies
in the Restaurants industry
Industry Median: 0.785 vs TSX:QSP.UN: 4.64

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.

Restaurant Brands International LP's adjusted revenue per share data for the three months ended in Mar. 2024 was C$7.497. 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$19.88 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Restaurant Brands International LP Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Restaurant Brands International LP'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.

* Premium members only.

Restaurant Brands International LP Cyclically Adjusted PS Ratio Chart

Restaurant Brands International LP Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - - 5.43

Restaurant Brands International LP Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 - - 4.71 5.43 5.39

Competitive Comparison of Restaurant Brands International LP's Cyclically Adjusted PS Ratio

For the Restaurants subindustry, Restaurant Brands International LP'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.


Restaurant Brands International LP's Cyclically Adjusted PS Ratio Distribution in the Restaurants Industry

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

* The bar in red indicates where Restaurant Brands International LP's Cyclically Adjusted PS Ratio falls into.



Restaurant Brands International LP 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.

Restaurant Brands International LP's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=92.23/19.88
=4.64

* 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 International LP's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Restaurant Brands International LP's adjusted Revenue per Share data for the three months ended in Mar. 2024 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=7.497/126.2576*126.2576
=7.497

Current CPI (Mar. 2024) = 126.2576.

Restaurant Brands International LP Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 0.606 99.473 0.769
201409 0.658 99.394 0.836
201412 1.032 98.367 1.325
201503 2.522 99.789 3.191
201506 2.759 100.500 3.466
201509 2.897 100.421 3.642
201512 3.144 99.947 3.972
201603 2.813 101.054 3.515
201606 3.125 102.002 3.868
201609 3.286 101.765 4.077
201612 3.448 101.449 4.291
201703 3.123 102.634 3.842
201706 3.511 103.029 4.303
201709 3.461 103.345 4.228
201712 3.705 103.345 4.526
201803 3.861 105.004 4.642
201806 4.197 105.557 5.020
201809 4.267 105.636 5.100
201812 4.517 105.399 5.411
201903 4.129 106.979 4.873
201906 4.549 107.690 5.333
201909 4.838 107.611 5.676
201912 5.322 107.769 6.235
202003 4.660 107.927 5.451
202006 3.880 108.401 4.519
202009 4.859 108.164 5.672
202012 4.859 108.559 5.651
202103 4.436 110.298 5.078
202106 4.922 111.720 5.562
202109 5.366 112.905 6.001
202112 5.753 113.774 6.384
202203 5.294 117.646 5.682
202206 6.083 120.806 6.358
202209 6.673 120.648 6.983
202212 6.632 120.964 6.922
202303 7.041 122.702 7.245
202306 6.875 124.203 6.989
202309 7.289 125.230 7.349
202312 7.289 125.072 7.358
202403 7.497 126.258 7.497

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.


Restaurant Brands International LP  (TSX:QSP.UN) 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.


Restaurant Brands International LP Cyclically Adjusted PS Ratio Related Terms

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Restaurant Brands International LP (TSX:QSP.UN) Business Description

Traded in Other Exchanges
Address
130 King Street West, Suite 300, P.O. Box 339, Toronto, ON, CAN, M5X 1E1
Restaurant Brands International LP is a Canada-based firm. It owns, operates and franchises quick-service restaurants and possesses market recognition. It operates in three segments namely; Tim Hortons; Burger King; and Popeyes Louisiana Kitchen. Its business generates revenue from franchise revenues; property revenues from properties it leases or subleases to franchisees; and sales at restaurants owned by the company. In addition, the Tim Hortons business generates a vast majority of the revenue from sales to franchisees related to its supply chain operations, including manufacturing, procurement, warehousing, and distribution, as well as sales to retailers.

Restaurant Brands International LP (TSX:QSP.UN) Headlines

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