Melco Resorts and Entertainment (MEX:MLCON) Cyclically Adjusted Book per Share: MXN26.19 (As of Jun. 2026)

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MEX:MLCON Melco Resorts and Entertainment Ltd MEX:MLCON
59 GF Score
Price MXN97.00
GF Value MXN152.17
Valuation Possible Value Trap
! 6 Warning Signs
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What is Melco Resorts and Entertainment Cyclically Adjusted Book per Share?

Melco Resorts and Entertainment MEX:MLCON 59 Cyclically Adjusted Book per Share is MXN26.19 as of Jun. 2026. GuruFocus rates MEX:MLCON with a GF Score™ of 59/100 and a GF Value™ of MXN152.17 (Possible Value Trap). The stock has 6 warning signs investors should review.

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.

Melco Resorts and Entertainment's adjusted book value per share for the three months ended in Jun. 2026 was MXN-75.058. 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 MXN26.19 for the trailing ten years ended in Jun. 2026.

During the past 12 months, Melco Resorts and Entertainment's average Cyclically Adjusted Book Growth Rate was -44.10% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was -27.70% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was -20.10% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was -9.20% 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 Melco Resorts and Entertainment was 3.70% per year. The lowest was -27.70% per year. And the median was -3.50% per year.

As of today (2026-08-31), Melco Resorts and Entertainment's current stock price is MXN97.00. Melco Resorts and Entertainment's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was MXN26.19. Melco Resorts and Entertainment's Cyclically Adjusted PB Ratio of today is 3.70.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Melco Resorts and Entertainment was 3.59. The lowest was 0.80. And the median was 2.09.


Melco Resorts and Entertainment  (MEX:MLCON) 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.

Melco Resorts and Entertainment's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=97.00/26.19
=3.70

* 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 Melco Resorts and Entertainment was 3.59. The lowest was 0.80. And the median was 2.09.


Be Aware

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


Melco Resorts and Entertainment Cyclically Adjusted Book per Share Related Terms


Melco Resorts and Entertainment Cyclically Adjusted Book per Share Historical Data

* Premium members only.

The historical data trend for Melco Resorts and Entertainment'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.

Melco Resorts and Entertainment Cyclically Adjusted Book per Share Chart

Melco Resorts and Entertainment Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 156.74 109.20 100.24 77.25 54.47

Melco Resorts and Entertainment Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 49.43 43.98 54.47 28.20 26.19

MEX:MLCON vs MCRI, PENN, RRR: Cyclically Adjusted Book per Share Comparison

For the Resorts & Casinos subindustry, Melco Resorts and Entertainment'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.


Melco Resorts and Entertainment Cyclically Adjusted PB Ratio vs Travel & Leisure Industry

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

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


MEX:MLCON
59GF Score
Melco Resorts and Entertainment Ltd MEX:MLCON
Cyclically Adjusted Book per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Melco Resorts and Entertainment 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, Melco Resorts and Entertainment's adjusted Book Value per Share data for the three months ended in Jun. 2026 was:

Adj_Book= Book Value per Share /CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=-75.058/121.3631*121.3631
=-75.058

Current CPI (Jun. 2026) = 121.3631.

Melco Resorts and Entertainment Quarterly Data

Book Value per Share CPI Adj_Book
201609 131.354 102.565 155.429
201612 141.165 103.225 165.970
201703 106.871 103.335 125.516
201706 102.540 103.664 120.047
201709 105.417 103.994 123.024
201712 115.781 104.984 133.845
201803 110.146 105.973 126.142
201806 119.076 106.193 136.087
201809 100.510 106.852 114.160
201812 98.076 107.622 110.598
201903 91.577 108.172 102.745
201906 93.464 109.601 103.495
201909 97.962 110.260 107.827
201912 96.009 110.700 105.257
202003 105.355 110.920 115.274
202006 76.900 110.590 84.391
202009 59.343 107.512 66.988
202012 45.962 109.711 50.844
202103 36.888 111.579 40.123
202106 28.960 111.360 31.562
202109 18.698 109.051 20.809
202112 10.582 112.349 11.431
202203 1.028 113.558 1.099
202206 -10.607 113.448 -11.347
202209 -30.192 113.778 -32.205
202212 -36.301 114.548 -38.461
202303 -49.669 115.427 -52.223
202306 -43.351 115.647 -45.494
202309 -44.700 116.087 -46.732
202312 -49.991 117.296 -51.725
202403 -48.709 117.735 -50.210
202406 -52.242 117.296 -54.054
202409 -60.773 118.615 -62.181
202412 -65.912 118.945 -67.252
202503 -65.947 119.384 -67.040
202506 -68.876 119.055 -70.212
202509 -61.539 119.934 -62.272
202512 -57.453 120.704 -57.767
202603 -56.630 121.473 -56.579
202606 -75.058 121.363 -75.058

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

What does a Cyclically Adjusted Book per Share of MXN26.19 mean?
Melco Resorts and Entertainment (MEX:MLCON) has a Cyclically Adjusted Book per Share of MXN26.19 as of Jun. 2026. Cyclically adjusted book value per share represents the company's inflation-adjusted book value per share over a 10-year period. View historical data on Melco Resorts and Entertainment and its competitors.
Is Melco Resorts and Entertainment's Cyclically Adjusted Book per Share too high?
Melco Resorts and Entertainment's current Cyclically Adjusted Book per Share is MXN26.19. Overall, Melco Resorts and Entertainment has a GF Score™ of 59/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Melco Resorts and Entertainment's Cyclically Adjusted Book per Share compare to MCRI and PENN?
Melco Resorts and Entertainment's Cyclically Adjusted Book per Share of MXN26.19 can be compared against companies in the Travel & Leisure industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted Book per Share for a Travel & Leisure company?
A good Cyclically Adjusted Book per Share depends on the Travel & Leisure industry context. However, Cyclically Adjusted Book per Share should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted Book per Share mean?
A high Cyclically Adjusted Book per Share can signal that a stock is expensive relative to its fundamentals. Cyclically adjusted book value per share represents the company's inflation-adjusted book value per share over a 10-year period. View historical data on Melco Resorts and Entertainment and its competitors. Melco Resorts and Entertainment's current Cyclically Adjusted Book per Share is MXN26.19. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Melco Resorts and Entertainment stock overvalued right now?
Based on GuruFocus' analysis, Melco Resorts and Entertainment (MEX:MLCON) is currently considered Possible Value Trap. The stock's GF Value™ is MXN152.17, compared to a current price of MXN97.00 — trading 36.3% below its estimated fair value. The current Cyclically Adjusted Book per Share is MXN26.19. Melco Resorts and Entertainment's overall GF Score™ is 59/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted Book per Share calculated?
Cyclically Adjusted Book per Share is calculated from a company's financial statements. For Melco Resorts and Entertainment (MEX:MLCON), the current Cyclically Adjusted Book per Share is MXN26.19 as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Melco Resorts and Entertainment (MEX:MLCON) Overvalued in 2026?

Based on GuruFocus' analysis, Melco Resorts and Entertainment stock appears to be undervalued. The current stock price of MXN97.00 is trading 36.3% below its estimated GF Value™ of MXN152.17. GuruFocus considers Melco Resorts and Entertainment to be Possible Value Trap.

Key valuation signals for MEX:MLCON:

  • Cyclically Adjusted Book per Share: MXN26.19
  • GF Value™: MXN152.17 vs. price of MXN97.00 (36.3% below fair value)
  • GF Score™: 59/100 with 6 warning signs

No single metric tells the full story. See the MEX:MLCON stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Melco Resorts and Entertainment Business Description

Address 60 Wyndham Street, 38th Floor, The Centrium, Central, Hong Kong, HKG
Melco Resorts & Entertainment is one of only six licensed casino operators in Macao. It operates Altira, a complex focused on premium customers; City of Dreams, an integrated resort in Cotai serving both mass-market and premium patrons; and Mocha Clubs' electronic gaming machines. The company also has a majority interest in Studio City, which opened in 2015. Outside Macao, Melco owns City of Dreams Manila in the Philippines and City of Dreams Mediterranean in Cyprus. The business mix in terms of adjusted EBITDA was about 84% from Macao, with the rest from overseas as of 2025.
59GF Score

Get the complete analysis for MEX:MLCON

Cyclically Adjusted Book per Share is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

MXN97.00
Price
MXN152.17
GF Value