ARHN (Archon) Cyclically Adjusted PB Ratio: (As of Sep. 20, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

What is Archon Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Archon  (OTCPK:ARHN) 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.


Archon Cyclically Adjusted PB Ratio Related Terms


Archon Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Archon'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.

Archon Cyclically Adjusted PB Ratio Chart

Archon Annual Data
Trend Sep01 Sep02 Sep03 Sep04 Sep05 Sep06 Sep07 Sep08 Sep09 Sep10
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - 8.06 3.47

Archon Quarterly Data
Mar06 Jun06 Sep06 Dec06 Mar07 Jun07 Sep07 Dec07 Mar08 Jun08 Sep08 Dec08 Mar09 Jun09 Sep09 Dec09 Mar10 Jun10 Sep10 Dec10
Cyclically Adjusted PB Ratio 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 6.02 6.36 4.04 3.58 3.01

ARHN vs FLL, UWN: Cyclically Adjusted PB Ratio Comparison

For the Resorts & Casinos subindustry, Archon'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.


Archon Cyclically Adjusted PB Ratio vs Travel & Leisure Industry

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

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



Archon 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.

Archon's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2010 is calculated as:

For example, Archon's adjusted Book Value per Share data for the three months ended in Dec. 2010 was:

Adj_Book=Book Value per Share/CPI of Dec. 2010 (Change)*Current CPI (Dec. 2010)
=7.761/219.1790*219.1790
=7.761

Current CPI (Dec. 2010) = 219.1790.

Archon Quarterly Data

Book Value per Share CPI Adj_Book
200103 3.436 176.200 4.274
200106 3.968 178.000 4.886
200109 3.578 178.300 4.398
200112 3.323 176.700 4.122
200203 3.113 178.800 3.816
200206 2.486 179.900 3.029
200209 2.125 181.000 2.573
200212 1.979 180.900 2.398
200303 1.710 184.200 2.035
200306 1.409 183.700 1.681
200309 1.066 185.200 1.262
200312 2.087 184.300 2.482
200403 2.102 187.400 2.458
200406 1.969 189.700 2.275
200409 2.044 189.900 2.359
200412 1.892 190.300 2.179
200503 1.975 193.300 2.239
200506 2.043 194.500 2.302
200509 1.914 198.800 2.110
200512 1.845 196.800 2.055
200603 2.049 199.800 2.248
200606 2.100 202.900 2.268
200609 1.842 202.900 1.990
200612 2.228 201.800 2.420
200703 2.251 205.352 2.403
200706 2.177 208.352 2.290
200709 0.330 208.490 0.347
200712 0.199 210.036 0.208
200803 0.257 213.528 0.264
200806 6.759 218.815 6.770
200809 8.803 218.783 8.819
200812 8.637 210.228 9.005
200903 8.586 212.709 8.847
200906 8.639 215.693 8.779
200909 8.432 215.969 8.557
200912 8.481 215.949 8.608
201003 7.994 217.631 8.051
201006 7.973 217.965 8.017
201009 8.151 218.439 8.179
201012 7.761 219.179 7.761

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.


Archon Business Description

Address 2200 Casino Drive, Laughlin, NV, USA, 89029
Archon Corp is a United States based company focused on operating the Pioneer Hotel & Gambling Hall in Laughlin through its wholly-owned subsidiary. It is engaged in operating hotel and casino activities. In addition, the company also owns real estates and investment properties.