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Wynn Resorts (HAM:WYR) Cyclically Adjusted Book per Share : €3.21 (As of Mar. 2024)


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What is Wynn Resorts Cyclically Adjusted Book per Share?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and 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.

Wynn Resorts's adjusted book value per share for the three months ended in Mar. 2024 was €-1.124. 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 €3.21 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Wynn Resorts's average Cyclically Adjusted Book Growth Rate was -6.40% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was -17.20% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was -18.80% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was -14.10% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted Book Growth Rate using Cyclically Adjusted Book per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Book Growth Rate of Wynn Resorts was -5.30% per year. The lowest was -23.70% per year. And the median was -12.30% per year.

As of today (2024-05-14), Wynn Resorts's current stock price is €89.10. Wynn Resorts's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was €3.21. Wynn Resorts's Cyclically Adjusted PB Ratio of today is 27.76.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Wynn Resorts was 30.62. The lowest was 4.46. And the median was 13.90.


Wynn Resorts Cyclically Adjusted Book per Share Historical Data

The historical data trend for Wynn Resorts's Cyclically Adjusted Book per Share 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.

Wynn Resorts Cyclically Adjusted Book per Share Chart

Wynn Resorts Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.62 5.09 3.75 3.47 3.19

Wynn Resorts Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Cyclically Adjusted Book per Share 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 3.33 3.33 3.29 3.19 3.21

Competitive Comparison of Wynn Resorts's Cyclically Adjusted Book per Share

For the Resorts & Casinos subindustry, Wynn Resorts'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.


Wynn Resorts's Cyclically Adjusted PB Ratio Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Wynn Resorts's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Wynn Resorts Cyclically Adjusted Book per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and 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.

What is Cyclically Adjusted Book per Share? How do we calculate Cyclically Adjusted Book per Share?

Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted Book per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the book value per share from 2001 through 2010.

We adjusted the 2001 book value per share data with the total inflation from 2001 through 2010 to the equivalent book value in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's book value is $1 a share in 2001, then the 2001's equivalent book value in 2010 is $1.4 a share. If Wal-Mart's book value is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 book value in 2010 is $1.35. So on and so forth, you get the equivalent book value per share of past 10 years. Then you add them together and divided the sum by the count to get 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.

For example, Wynn Resorts'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)
=-1.124/129.4194*129.4194
=-1.124

Current CPI (Mar. 2024) = 129.4194.

Wynn Resorts Quarterly Data

Book Value per Share CPI Adj_Book
201406 0.155 100.560 0.199
201409 0.725 100.428 0.934
201412 -0.230 99.070 -0.300
201503 -2.039 99.621 -2.649
201506 -1.829 100.684 -2.351
201509 -1.552 100.392 -2.001
201512 -1.012 99.792 -1.312
201603 -0.744 100.470 -0.958
201606 -0.608 101.688 -0.774
201609 -1.173 101.861 -1.490
201612 1.471 101.863 1.869
201703 2.012 102.862 2.531
201706 2.373 103.349 2.972
201709 2.686 104.136 3.338
201712 7.776 104.011 9.676
201803 5.592 105.290 6.874
201806 13.497 106.317 16.430
201809 14.227 106.507 17.288
201812 16.674 105.998 20.358
201903 17.084 107.251 20.615
201906 16.866 108.070 20.198
201909 16.227 108.329 19.386
201912 14.611 108.420 17.441
202003 10.419 108.902 12.382
202006 5.100 108.767 6.068
202009 -1.013 109.815 -1.194
202012 -2.682 109.897 -3.158
202103 1.697 111.754 1.965
202106 0.737 114.631 0.832
202109 -0.391 115.734 -0.437
202112 -1.640 117.630 -1.804
202203 -2.640 121.301 -2.817
202206 -5.070 125.017 -5.249
202209 -6.799 125.227 -7.027
202212 -6.252 125.222 -6.462
202303 -5.888 127.348 -5.984
202306 -5.105 128.729 -5.132
202309 -6.793 129.860 -6.770
202312 -2.063 129.419 -2.063
202403 -1.124 129.419 -1.124

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.


Wynn Resorts  (HAM:WYR) Cyclically Adjusted Book per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted Book per Share may underestimate the company's equity. Cyclically Adjusted PB Ratio can seem to be too high even the actual PB Ratio is low.

For the Cyclically Adjusted PB Ratio, the book value of the past 10 years are inflation-adjusted and averaged. The result is used for P/B calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PB Ratio is also called CAPB Ratio.

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.

Wynn Resorts's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=89.10/3.21
=27.76

* 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.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Wynn Resorts was 30.62. The lowest was 4.46. And the median was 13.90.


Be Aware

Cyclically Adjusted PB Ratio works better for cyclical companies. It gives you a better idea on the company's real book value.


Wynn Resorts Cyclically Adjusted Book per Share Related Terms

Thank you for viewing the detailed overview of Wynn Resorts's Cyclically Adjusted Book per Share provided by GuruFocus.com. Please click on the following links to see related term pages.


Wynn Resorts (HAM:WYR) Business Description

Industry
Traded in Other Exchanges
Address
3131 Las Vegas Boulevard South, Las Vegas, NV, USA, 89109
Wynn Resorts operates luxury casinos and resorts. The company was founded in 2002 by Steve Wynn, the former CEO. The company operates four megaresorts: Wynn Macau and Encore in Macao and Wynn Las Vegas and Encore in Las Vegas. Cotai Palace opened in August 2016 in Macao, and Encore Boston Harbor in Massachusetts opened June 2019. We expect the company to open a new building next to its existing Wynn Palace resort in around 2028. The company also operates Wynn Interactive, a digital sports betting and iGaming platform. The company received 76% and 24% of its 2019 prepandemic EBITDA from Macao and Las Vegas, respectively.

Wynn Resorts (HAM:WYR) Headlines

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