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Wingstop (FRA:EWG) Cyclically Adjusted PB Ratio : (As of Jun. 10, 2024)


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What is Wingstop Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Wingstop Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Wingstop'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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Wingstop Cyclically Adjusted PB Ratio Chart

Wingstop Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted PB Ratio
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Wingstop 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 Wingstop's Cyclically Adjusted PB Ratio

For the Restaurants subindustry, Wingstop'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.


Wingstop's Cyclically Adjusted PB Ratio Distribution in the Restaurants Industry

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

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



Wingstop 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.

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

For example, Wingstop'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)
=-13.607/131.7762*131.7762
=-13.607

Current CPI (Mar. 2024) = 131.7762.

Wingstop Quarterly Data

Book Value per Share CPI Adj_Book
201406 0.000 100.560 0.000
201409 0.000 100.428 0.000
201412 -0.255 99.070 -0.339
201503 -1.747 99.621 -2.311
201506 -0.544 100.684 -0.712
201509 -0.446 100.392 -0.585
201512 -0.311 99.792 -0.411
201603 -0.150 100.470 -0.197
201606 -0.003 101.688 -0.004
201609 -2.479 101.861 -3.207
201612 -2.461 101.863 -3.184
201703 -2.170 102.862 -2.780
201706 -1.874 103.349 -2.389
201709 -1.663 104.136 -2.104
201712 -1.697 104.011 -2.150
201803 -4.075 105.290 -5.100
201806 -4.114 106.317 -5.099
201809 -3.986 106.507 -4.932
201812 -6.746 105.998 -8.387
201903 -6.637 107.251 -8.155
201906 -6.504 108.070 -7.931
201909 -6.523 108.329 -7.935
201912 -6.399 108.420 -7.777
202003 -6.208 108.902 -7.512
202006 -5.781 108.767 -7.004
202009 -5.249 109.815 -6.299
202012 -9.450 109.897 -11.331
202103 -9.371 111.754 -11.050
202106 -8.992 114.631 -10.337
202109 -8.952 115.734 -10.193
202112 -9.181 117.630 -10.285
202203 -12.893 121.301 -14.006
202206 -13.139 125.017 -13.849
202209 -13.727 125.227 -14.445
202212 -12.327 125.222 -12.972
202303 -11.836 127.348 -12.248
202306 -11.249 128.729 -11.515
202309 -15.145 129.860 -15.369
202312 -14.296 129.419 -14.556
202403 -13.607 131.776 -13.607

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.


Wingstop  (FRA:EWG) 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.


Wingstop Cyclically Adjusted PB Ratio Related Terms

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


Wingstop (FRA:EWG) Business Description

Industry
Traded in Other Exchanges
Address
15505 Wright Brothers Drive, Addison, TX, USA, 75001
Founded in 1994 in Garland, Texas, Wingstop is a restaurant operator specializing in indulgent bone-in and boneless chicken wings, chicken tenders, fries, and recently chicken sandwiches. The firm's footprint has grown quickly since its inception, reaching nearly 2,000 global stores at the end of 2022, rendering Wingstop the 40th-largest restaurant chain in the U.S. by system sales, according to Technomic data. With a 98% franchised model, Wingstop generates the lion share of its revenue from franchise royalties and advertising fees, with the remainder derived from a small footprint of company-owned stores.