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Pizza Pizza Royalty (TSX:PZA) Cyclically Adjusted PS Ratio : 10.19 (As of May. 14, 2024)


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What is Pizza Pizza Royalty Cyclically Adjusted PS Ratio?

As of today (2024-05-14), Pizza Pizza Royalty's current share price is C$13.35. Pizza Pizza Royalty's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 was C$1.31. Pizza Pizza Royalty's Cyclically Adjusted PS Ratio for today is 10.19.

The historical rank and industry rank for Pizza Pizza Royalty's Cyclically Adjusted PS Ratio or its related term are showing as below:

TSX:PZA' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 2.84   Med: 5.48   Max: 11.69
Current: 10.25

During the past years, Pizza Pizza Royalty's highest Cyclically Adjusted PS Ratio was 11.69. The lowest was 2.84. And the median was 5.48.

TSX:PZA's Cyclically Adjusted PS Ratio is ranked worse than
97.55% of 245 companies
in the Restaurants industry
Industry Median: 0.77 vs TSX:PZA: 10.25

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.

Pizza Pizza Royalty's adjusted revenue per share data for the three months ended in Dec. 2023 was C$0.325. 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$1.31 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Pizza Pizza Royalty Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Pizza Pizza Royalty'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.

Pizza Pizza Royalty Cyclically Adjusted PS Ratio Chart

Pizza Pizza Royalty 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 6.07 5.74 - 10.69 11.23

Pizza Pizza Royalty Quarterly Data
Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 10.69 10.68 11.39 10.56 11.23

Competitive Comparison of Pizza Pizza Royalty's Cyclically Adjusted PS Ratio

For the Restaurants subindustry, Pizza Pizza Royalty'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.


Pizza Pizza Royalty's Cyclically Adjusted PS Ratio Distribution in the Restaurants Industry

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

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



Pizza Pizza Royalty 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.

Pizza Pizza Royalty's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=13.35/1.31
=10.19

* 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.

Pizza Pizza Royalty's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, Pizza Pizza Royalty's adjusted Revenue per Share data for the three months ended in Dec. 2023 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=0.325/125.4675*125.4675
=0.325

Current CPI (Dec. 2023) = 125.4675.

Pizza Pizza Royalty Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201309 0.262 97.419 0.337
201312 0.284 96.945 0.368
201403 0.268 98.604 0.341
201406 0.262 99.473 0.330
201409 0.267 99.394 0.337
201412 0.292 98.367 0.372
201503 0.275 99.789 0.346
201506 0.277 100.500 0.346
201509 0.282 100.421 0.352
201512 0.299 99.947 0.375
201603 0.279 101.054 0.346
201606 0.277 102.002 0.341
201609 0.286 101.765 0.353
201612 0.299 101.449 0.370
201703 0.278 102.634 0.340
201706 0.278 103.029 0.339
201709 0.287 103.345 0.348
201712 0.298 103.345 0.362
201803 0.277 105.004 0.331
201806 0.268 105.557 0.319
201809 0.283 105.636 0.336
201812 0.290 105.399 0.345
201903 0.273 106.979 0.320
201906 0.273 107.690 0.318
201909 0.280 107.611 0.326
201912 0.298 107.769 0.347
202003 0.254 107.927 0.295
202006 0.232 108.401 0.269
202009 0.253 108.164 0.293
202012 0.250 108.559 0.289
202103 0.219 110.298 0.249
202112 0.000 113.774 0.000
202203 0.246 117.646 0.262
202206 0.284 120.806 0.295
202209 0.297 120.648 0.309
202212 0.305 120.964 0.316
202303 0.282 122.702 0.288
202306 0.313 124.203 0.316
202309 0.323 125.230 0.324
202312 0.325 125.468 0.325

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.


Pizza Pizza Royalty  (TSX:PZA) 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.


Pizza Pizza Royalty Cyclically Adjusted PS Ratio Related Terms

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


Pizza Pizza Royalty (TSX:PZA) Business Description

Traded in Other Exchanges
Address
500 Kipling Avenue, Toronto, ON, CAN, M8Z 5E5
Pizza Pizza Royalty Corp., through its subsidiary, Pizza Pizza Royalty Limited Partnership, owns and franchises quick-service restaurants under the Pizza Pizza and Pizza 73 brands. It offers a flavorful, varied, and high-quality menu to pizza-lovers of all ages and tastes and it is composed of more than 600 traditional and non-traditional restaurants coast to coast, employing over 3,000 Canadians. The business activity of the group primarily functions in Canada.
Executives
Edward Peter Howard Nash Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6)