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Domino's Pizza (WBO:DPZ) Cyclically Adjusted PB Ratio : (As of May. 22, 2024)


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What is Domino's Pizza Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Domino's Pizza Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Domino's Pizza'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.

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Domino's Pizza Cyclically Adjusted PB Ratio Chart

Domino's Pizza Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted PB Ratio
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Domino's Pizza Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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Competitive Comparison of Domino's Pizza's Cyclically Adjusted PB Ratio

For the Restaurants subindustry, Domino's Pizza'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.


Domino's Pizza's Cyclically Adjusted PB Ratio Distribution in the Restaurants Industry

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

* The bar in red indicates where Domino's Pizza's Cyclically Adjusted PB Ratio falls into.



Domino's Pizza 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.

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

For example, Domino's Pizza'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)
=-105.962/131.7762*131.7762
=-105.962

Current CPI (Mar. 2024) = 131.7762.

Domino's Pizza Quarterly Data

Book Value per Share CPI Adj_Book
201406 -17.221 100.560 -22.567
201409 -18.082 100.428 -23.726
201412 -17.803 99.070 -23.680
201503 -20.255 99.621 -26.793
201506 -20.211 100.684 -26.452
201509 -20.478 100.392 -26.880
201512 -33.160 99.792 -43.788
201603 -31.007 100.470 -40.669
201606 -35.256 101.688 -45.688
201609 -35.881 101.861 -46.419
201612 -37.115 101.863 -48.014
201703 -36.041 102.862 -46.172
201706 -33.261 103.349 -42.410
201709 -53.051 104.136 -67.132
201712 -53.881 104.011 -68.264
201803 -52.718 105.290 -65.980
201806 -59.881 106.317 -74.221
201809 -61.270 106.507 -75.807
201812 -65.209 105.998 -81.068
201903 -64.089 107.251 -78.745
201906 -62.336 108.070 -76.010
201909 -65.172 108.329 -79.278
201912 -78.959 108.420 -95.969
202003 -78.636 108.902 -95.153
202006 -74.090 108.767 -89.763
202009 -69.203 109.815 -83.043
202012 -69.798 109.897 -83.694
202103 -70.027 111.754 -82.573
202106 -93.252 114.631 -107.199
202109 -96.419 115.734 -109.784
202112 -103.088 117.630 -115.486
202203 -105.789 121.301 -114.925
202206 -110.156 125.017 -116.112
202209 -123.158 125.227 -129.600
202212 -111.646 125.222 -117.490
202303 -109.758 127.348 -113.575
202306 -109.698 128.729 -112.295
202309 -111.253 129.860 -112.895
202312 -107.484 129.419 -109.441
202403 -105.962 131.776 -105.962

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.


Domino's Pizza  (WBO:DPZ) 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.


Domino's Pizza Cyclically Adjusted PB Ratio Related Terms

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Domino's Pizza (WBO:DPZ) Business Description

Traded in Other Exchanges
Address
30 Frank Lloyd Wright Drive, Ann Arbor, MI, USA, 48105
Domino's is a restaurant operator and franchiser with nearly 20,000 global stores across more than 90 international markets at the end of 2022. The firm generates revenue through the sales of pizza, wings, salads, sandwiches, and desserts at company-owned stores, royalty and marketing contributions from franchise-operated stores, and its network of 26 domestic (and five Canadian) dough manufacturing and supply chain facilities, which centralize purchasing, preparation, and last-mile delivery for the firm's U.S. and Canadian restaurants. With roughly $17.7 billion in 2022 system sales, Domino's is the largest player in the global pizza market, ahead of Pizza Hut, Little Caesars, and Papa John's.

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