GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » Restaurant Group (The) PLC (LSE:RTN) » Definitions » Cyclically Adjusted PB Ratio

Restaurant Group (The) (LSE:RTN) Cyclically Adjusted PB Ratio : 0.74 (As of May. 16, 2024)


View and export this data going back to 1969. Start your Free Trial

What is Restaurant Group (The) Cyclically Adjusted PB Ratio?

As of today (2024-05-16), Restaurant Group (The)'s current share price is £0.648. Restaurant Group (The)'s Cyclically Adjusted Book per Share for the fiscal year that ended in Dec22 was £0.88. Restaurant Group (The)'s Cyclically Adjusted PB Ratio for today is 0.74.

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

LSE:RTN' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.29   Med: 2.67   Max: 10.43
Current: 0.73

During the past 13 years, Restaurant Group (The)'s highest Cyclically Adjusted PB Ratio was 10.43. The lowest was 0.29. And the median was 2.67.

LSE:RTN's Cyclically Adjusted PB Ratio is not ranked
in the Restaurants industry.
Industry Median: 2.13 vs LSE:RTN: 0.73

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 Group (The)'s adjusted book value per share data of for the fiscal year that ended in Dec22 was £0.497. 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 £0.88 for the trailing ten years ended in Dec22.

Shiller PE for Stocks: The True Measure of Stock Valuation


Restaurant Group (The) Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Restaurant Group (The)'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 Group (The) Cyclically Adjusted PB Ratio Chart

Restaurant Group (The) Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.83 1.99 0.79 1.12 0.35

Restaurant Group (The) Semi-Annual Data
Dec13 Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23
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 - 1.12 - 0.35 -

Competitive Comparison of Restaurant Group (The)'s Cyclically Adjusted PB Ratio

For the Restaurants subindustry, Restaurant Group (The)'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 Group (The)'s Cyclically Adjusted PB Ratio Distribution in the Restaurants Industry

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

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



Restaurant Group (The) 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 Group (The)'s Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=0.648/0.88
=0.74

* 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 Group (The)'s Cyclically Adjusted Book per Share for the fiscal year that ended in Dec22 is calculated as:

For example, Restaurant Group (The)'s adjusted Book Value per Share data for the fiscal year that ended in Dec22 was:

Adj_Book=Book Value per Share/CPI of Dec22 (Change)*Current CPI (Dec22)
=0.497/125.3000*125.3000
=0.497

Current CPI (Dec22) = 125.3000.

Restaurant Group (The) Annual Data

Book Value per Share CPI Adj_Book
201312 0.786 99.200 0.993
201412 0.890 99.900 1.116
201512 1.031 100.400 1.287
201612 0.732 102.200 0.897
201712 0.655 105.000 0.782
201812 0.933 107.100 1.092
201912 0.818 108.500 0.945
202012 0.521 109.400 0.597
202112 0.584 114.700 0.638
202212 0.497 125.300 0.497

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 Group (The)  (LSE:RTN) 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 Group (The) Cyclically Adjusted PB Ratio Related Terms

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


Restaurant Group (The) (LSE:RTN) Business Description

Traded in Other Exchanges
N/A
Address
5-7 Marshalsea Road, Borough, London, GBR, SE1 1EP
Restaurant Group (The) PLC operates more than 400 restaurants and pubs under a variety of brand names and concepts, including Frankie and Benny's (American and Italian food), Chiquito (Mexican food), Coast to Coast (American food), Brunning & Price (traditional British pub), and Garfunkel's (British cafe). The group trades in four segments Wagamama, Pubs, Leisure, and Concessions. Nearly all of the company's restaurants are in the United Kingdom. The Group also operates Pub restaurants and a Concessions business which trades principally at UK airports.

Restaurant Group (The) (LSE:RTN) Headlines

From GuruFocus