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Restaurant Brands International (Restaurant Brands International) Cyclically Adjusted PB Ratio : 8.30 (As of Apr. 27, 2024)


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What is Restaurant Brands International Cyclically Adjusted PB Ratio?

As of today (2024-04-27), Restaurant Brands International's current share price is $73.82. Restaurant Brands International's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was $8.89. Restaurant Brands International's Cyclically Adjusted PB Ratio for today is 8.30.

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

QSR' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 7.29   Med: 8.47   Max: 9.16
Current: 8.47

During the past years, Restaurant Brands International's highest Cyclically Adjusted PB Ratio was 9.16. The lowest was 7.29. And the median was 8.47.

QSR's Cyclically Adjusted PB Ratio is ranked worse than
91.07% of 224 companies
in the Restaurants industry
Industry Median: 2.105 vs QSR: 8.47

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 Brands International's adjusted book value per share data for the three months ended in Dec. 2023 was $9.173. 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 $8.89 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Restaurant Brands International Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Restaurant Brands International'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 Brands International Cyclically Adjusted PB Ratio Chart

Restaurant Brands International 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 - - - - 8.79

Restaurant Brands International Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 - - 8.83 7.70 8.79

Competitive Comparison of Restaurant Brands International's Cyclically Adjusted PB Ratio

For the Restaurants subindustry, Restaurant Brands International'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 Brands International's Cyclically Adjusted PB Ratio Distribution in the Restaurants Industry

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

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



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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=73.82/8.89
=8.30

* 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's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, Restaurant Brands International's adjusted Book Value per Share data for the three months ended in Dec. 2023 was:

Adj_Book=Book Value per Share/CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=9.173/125.4675*125.4675
=9.173

Current CPI (Dec. 2023) = 125.4675.

Restaurant Brands International Quarterly Data

Book Value per Share CPI Adj_Book
201403 0.000 98.604 0.000
201406 0.000 99.473 0.000
201409 0.000 99.394 0.000
201412 9.296 98.367 11.857
201503 7.552 99.789 9.495
201506 7.631 100.500 9.527
201509 7.183 100.421 8.975
201512 5.922 99.947 7.434
201603 6.877 101.054 8.538
201606 7.280 102.002 8.955
201609 7.297 101.765 8.997
201612 7.268 101.449 8.989
201703 7.532 102.634 9.208
201706 8.138 103.029 9.910
201709 9.000 103.345 10.927
201712 9.131 103.345 11.086
201803 8.342 105.004 9.968
201806 8.322 105.557 9.892
201809 8.703 105.636 10.337
201812 6.405 105.399 7.625
201903 6.812 106.979 7.989
201906 7.264 107.690 8.463
201909 7.910 107.611 9.223
201912 8.348 107.769 9.719
202003 7.289 107.927 8.474
202006 7.551 108.401 8.740
202009 7.710 108.164 8.943
202012 7.111 108.559 8.219
202103 7.721 110.298 8.783
202106 8.314 111.720 9.337
202109 7.986 112.905 8.875
202112 7.239 113.774 7.983
202203 7.419 117.646 7.912
202206 7.241 120.806 7.520
202209 7.562 120.648 7.864
202212 8.136 120.964 8.439
202303 8.275 122.702 8.461
202306 9.141 124.203 9.234
202309 9.149 125.230 9.166
202312 9.173 125.468 9.173

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 Brands International  (NYSE:QSR) 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 Brands International Cyclically Adjusted PB Ratio Related Terms

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


Restaurant Brands International (Restaurant Brands International) 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 is one of the largest restaurant companies in the world, with approximately $39 billion in 2022 systemwide sales across a footprint that spanned nearly 30,000 restaurants and more than 100 countries. The firm generates revenue primarily from retail sales at its company-owned restaurants, royalty fees and lease income from franchised stores, and from its Tim Hortons supply chain operations. Formed in 2014 after 3G Capital's acquisition of Tim Hortons International, the Restaurant Brands portfolio now includes Burger King (19,000 units), Tim Hortons (5,600 units), Popeyes Louisiana Kitchen (4,100 units) and Firehouse Subs (1,250 units) as of year-end 2022.
Executives
Axel Mr Schwan officer: Pres., Tim Hortons Americas 5505 BLUE LAGOON DRIVE, MIAMI FL 33126
Jeffrey Housman officer: See Remarks C/O RESTAURANT BRANDS INTERNATIONAL INC., 5707 BLUE LAGOON DRIVE, MIAMI FL 33126
Joshua Kobza officer: Chief Financial Officer 5505 BLUE LAGOON DRIVE, MIAMI FL 33126
David Chan Shear officer: President, International C/O RESTAURANT BRANDS INTERNATIONAL INC., 5707 BLUE LAGOON DRIVE, MIAMI FL 33126
Thomas Benjamin Curtis officer: See Remarks 30 FRANK LLOYD WRIGHT DR, ANN ARBOR MI 48105
Duncan Fulton officer: Chief Corporate Officer C/O RESTAURANT BRANDS INTERNATIONAL INC., 5707 BLUE LAGOON DRIVE, MIAMI FL 33126
Jacqueline Friesner officer: See Remarks 5505 BLUE LAGOON DRIVE, MIAMI FL 33126
Jill Granat officer: See Remarks 5505 BLUE LAGOON DRIVE, MIAMI FL 33126
Matthew Dunnigan officer: CFO 5505 BLUE LAGOON DRIVE, MIAMI FL 33126
Sami A. Siddiqui officer: Brand Pres., Popeyes, Americas C/O RESTAURANT BRANDS INTERNATIONAL INC., 5707 BLUE LAGOON DRIVE, MIAMI FL 33126
J Patrick Doyle officer: Executive Chairman 8701 COLLINS AVENUE UNIT 1202, MIAMI BEACH FL 33154
Jordana Fribourg director C/O RESTAURANT BRANDS INTERNATIONAL INC., 5707 BLUE LAGOON DRIVE, MIAMI FL 33126
Ali Hedayat director 5505 BLUE LAGOON DRIVE, MIAMI FL 33126
Jose E. Cil officer: See Remarks 5505 BLUE LAGOON DRIVE, MIAMI FL 33126
Cristina Farjallat director 130 KING STREET WEST, SUITE 300, TORONTO Z4 M5X 1E1

Restaurant Brands International (Restaurant Brands International) Headlines