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Wynn Resorts (MEX:WYNN) Cyclically Adjusted Book per Share : MXN57.78 (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 MXN-20.281. 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 MXN57.78 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Wynn Resorts's average Cyclically Adjusted Book Growth Rate was -4.50% 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 (2024-06-23), Wynn Resorts's current stock price is MXN1628.50. Wynn Resorts's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was MXN57.78. Wynn Resorts's Cyclically Adjusted PB Ratio of today is 28.18.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Wynn Resorts was 30.56. The lowest was 4.46. And the median was 13.96.


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 162.97 123.01 88.05 72.38 59.88

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 67.35 63.07 62.07 59.88 57.78

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)
=-20.281/131.7762*131.7762
=-20.281

Current CPI (Mar. 2024) = 131.7762.

Wynn Resorts Quarterly Data

Book Value per Share CPI Adj_Book
201406 2.740 100.560 3.591
201409 12.548 100.428 16.465
201412 -4.185 99.070 -5.567
201503 -33.643 99.621 -44.502
201506 -32.211 100.684 -42.158
201509 -29.427 100.392 -38.627
201512 -18.957 99.792 -25.033
201603 -14.263 100.470 -18.707
201606 -12.642 101.688 -16.383
201609 -25.466 101.861 -32.945
201612 31.989 101.863 41.383
201703 40.512 102.862 51.900
201706 48.189 103.349 61.444
201709 58.104 104.136 73.526
201712 180.720 104.011 228.962
201803 125.263 105.290 156.774
201806 309.818 106.317 384.009
201809 310.513 106.507 384.184
201812 372.463 105.998 463.045
201903 374.450 107.251 460.078
201906 366.081 108.070 446.386
201909 352.822 108.329 429.187
201912 306.190 108.420 372.150
202003 269.961 108.902 326.666
202006 132.565 108.767 160.608
202009 -26.357 109.815 -31.628
202012 -64.900 109.897 -77.821
202103 41.304 111.754 48.704
202106 17.681 114.631 20.325
202109 -9.465 115.734 -10.777
202112 -38.012 117.630 -42.584
202203 -57.893 121.301 -62.892
202206 -107.813 125.017 -113.642
202209 -135.401 125.227 -142.483
202212 -129.121 125.222 -135.879
202303 -113.628 127.348 -117.579
202306 -94.828 128.729 -97.073
202309 -126.276 129.860 -128.140
202312 -38.188 129.419 -38.883
202403 -20.281 131.776 -20.281

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


Wynn Resorts  (MEX:WYNN) 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
=1628.50/57.78
=28.18

* 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 30.56. The lowest was 4.46. And the median was 13.96.


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 (MEX:WYNN) Business Description

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 (MEX:WYNN) Headlines

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