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Boston Pizza Royaltiesome Fund (FRA:J8M) Cyclically Adjusted PB Ratio : 1.05 (As of Jun. 03, 2024)


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What is Boston Pizza Royaltiesome Fund Cyclically Adjusted PB Ratio?

As of today (2024-06-03), Boston Pizza Royaltiesome Fund's current share price is €10.332. Boston Pizza Royaltiesome Fund's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was €9.84. Boston Pizza Royaltiesome Fund's Cyclically Adjusted PB Ratio for today is 1.05.

The historical rank and industry rank for Boston Pizza Royaltiesome Fund's Cyclically Adjusted PB Ratio or its related term are showing as below:

FRA:J8M' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.45   Med: 1.39   Max: 2.07
Current: 1.09

During the past years, Boston Pizza Royaltiesome Fund's highest Cyclically Adjusted PB Ratio was 2.07. The lowest was 0.45. And the median was 1.39.

FRA:J8M's Cyclically Adjusted PB Ratio is ranked better than
69.7% of 231 companies
in the Restaurants industry
Industry Median: 2.05 vs FRA:J8M: 1.09

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 adjusted book value per share data for the three months ended in Mar. 2024 was €9.025. 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 €9.84 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Boston Pizza Royaltiesome Fund Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Boston Pizza Royaltiesome Fund'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.

Boston Pizza Royaltiesome Fund Cyclically Adjusted PB Ratio Chart

Boston Pizza Royaltiesome Fund 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 1.07 0.87 1.19 1.09 1.06

Boston Pizza Royaltiesome Fund Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 1.07 1.16 1.05 1.06 1.08

Competitive Comparison of Boston Pizza Royaltiesome Fund's Cyclically Adjusted PB Ratio

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 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.

Boston Pizza Royaltiesome Fund's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=10.332/9.84
=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.

Boston Pizza Royaltiesome Fund's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Boston Pizza Royaltiesome Fund's adjusted Book Value per Share data for the three months ended in Mar. 2024 was:

Adj_Book=Book Value per Share/CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=9.025/126.2576*126.2576
=9.025

Current CPI (Mar. 2024) = 126.2576.

Boston Pizza Royaltiesome Fund Quarterly Data

Book Value per Share CPI Adj_Book
201406 7.091 99.473 9.000
201409 7.324 99.394 9.303
201412 7.087 98.367 9.096
201503 5.573 99.789 7.051
201506 9.323 100.500 11.712
201509 8.418 100.421 10.584
201512 8.384 99.947 10.591
201603 8.611 101.054 10.759
201606 8.857 102.002 10.963
201609 8.839 101.765 10.966
201612 9.221 101.449 11.476
201703 9.128 102.634 11.229
201706 8.779 103.029 10.758
201709 9.327 103.345 11.395
201712 8.942 103.345 10.925
201803 8.398 105.004 10.098
201806 8.697 105.557 10.403
201809 8.569 105.636 10.242
201812 8.187 105.399 9.807
201903 8.468 106.979 9.994
201906 8.571 107.690 10.049
201909 8.805 107.611 10.331
201912 8.316 107.769 9.743
202003 7.239 107.927 8.468
202006 7.547 108.401 8.790
202009 7.371 108.164 8.604
202012 7.660 108.559 8.909
202103 8.250 110.298 9.444
202106 0.000 111.720 0.000
202109 8.431 112.905 9.428
202112 8.860 113.774 9.832
202203 9.499 117.646 10.194
202206 9.658 120.806 10.094
202209 10.016 120.648 10.482
202212 9.059 120.964 9.455
202303 8.971 122.702 9.231
202306 9.315 124.203 9.469
202309 9.203 125.230 9.278
202312 8.958 125.072 9.043
202403 9.025 126.258 9.025

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.


Boston Pizza Royaltiesome Fund  (FRA:J8M) 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.


Boston Pizza Royaltiesome Fund Cyclically Adjusted PB Ratio Related Terms

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Boston Pizza Royaltiesome Fund (FRA:J8M) 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.

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