My read is 5 small pizzas, or you could divide the dough differently and make one larger one. But you want a thin crust. If you're not going to be cooking all the pizzas at once, pizza dough freezes beautifully. Let the dough rise once, then drizzle a little oil in a small zip bag, put in the pizza dough, and seal. When you're ready to cook it, take it out of the freezer the day before, and toss it in the fridge, still in the bag. Take it out of the fridge about 2 hours before you want to make the pie to let it come to room temp. Then shape, top and bake as normal.
Peter Reinhart was my Breads instructor in culinary school, and I recall his pizza dough as being stretched really, really thin - quite a bit thinner than in the photo. I agree; the instructions are a little ambiguous, but I would guess that he does intend for it to yield 5 pizzas, albeit somewhat small - probably 6 to 8 inches in diameter. I hope this helps you!
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