Aristocrat LeisureASX:ALL -1.06%93 Cyclically Adjusted PB Ratio is 9.05 as of Jul. 11, 2026, which is 46% below its 10-year median of 16.69. GuruFocus rates ASX:ALL with a GF Score™ of 93/100 and a GF Value™ of A$53.14 (Modestly Overvalued). The stock has 1 warning sign investors should review. Among 649 Travel & Leisure companies, Aristocrat Leisure ranks worse than 93.68% on this metric.
The historical rank and industry rank for Aristocrat Leisure's Cyclically Adjusted PB Ratio or its related term are showing as below:
ASX:ALL'
s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 6.64 Med: 16.69 Max: 33.47
Current: 9
During the past 13 years, Aristocrat Leisure's highest Cyclically Adjusted PB Ratio was 33.47. The lowest was 6.64. And the median was 16.69.
ASX:ALL's Cyclically Adjusted PB Ratio is ranked worse than 93.68% of 649
companies
in the Travel & Leisure industry
Industry Median: 1.23
vs ASX:ALL: 9.00
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.
Aristocrat Leisure's adjusted book value per share data of for the fiscal year that ended in Sep25 was A$10.630. 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 A$6.82 for the trailing ten years ended in Sep25.
Shiller PE for Stocks: The True Measure of Stock Valuation
Aristocrat Leisure (ASX:ALL) 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.
Aristocrat Leisure Cyclically Adjusted PB Ratio Related Terms
Aristocrat Leisure Cyclically Adjusted PB Ratio Historical Data
* Premium members only.
The historical data trend for Aristocrat Leisure'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.
Aristocrat Leisure Cyclically Adjusted PB Ratio Chart
ASX:ALL vs FLUT, DKNG, SGHC: Cyclically Adjusted PB Ratio Comparison
For the Gambling subindustry, Aristocrat Leisure'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.
Aristocrat Leisure Cyclically Adjusted PB Ratio vs Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, Aristocrat Leisure's Cyclically Adjusted PB Ratio distribution charts can be found below:
* The bar in red indicates where Aristocrat Leisure's Cyclically Adjusted PB Ratio falls into.
Aristocrat Leisure 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.
Aristocrat Leisure's Cyclically Adjusted PB Ratio for today is calculated as
* 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.
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.
What does a Cyclically Adjusted PB Ratio of 9.05 mean?
Aristocrat Leisure (ASX:ALL) has a Cyclically Adjusted PB Ratio of 9.05 as of Jul. 11, 2026. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on Aristocrat Leisure and its competitors. This is 46% below median its historical median of 16.69. Over the past decade, Aristocrat Leisure's Cyclically Adjusted PB Ratio has ranged from 6.64 to 33.47. According to the industry distribution chart, Aristocrat Leisure ranks #608 out of 649 companies in the Travel & Leisure industry, placing it in the top 93.7%.
Is Aristocrat Leisure's Cyclically Adjusted PB Ratio too high?
Aristocrat Leisure's current Cyclically Adjusted PB Ratio of 9.05 is 46% below median its 10-year median of 16.69. Over the past 10 years, this metric has ranged from a low of 6.64 to a high of 33.47. The Travel & Leisure industry median Cyclically Adjusted PB Ratio is 1.23. Aristocrat Leisure's value of 9.05 is 635.8% above this industry median. Based on the distribution chart, Aristocrat Leisure ranks #608 out of 649 companies in the Travel & Leisure industry, which is in the bottom quartile relative to peers. Overall, Aristocrat Leisure has a GF Score™ of 93/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Aristocrat Leisure's Cyclically Adjusted PB Ratio compare to FLUT and DKNG?
According to the Travel & Leisure industry distribution chart, Aristocrat Leisure ranks #608 out of 649 companies for Cyclically Adjusted PB Ratio. This places Aristocrat Leisure in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.23. Aristocrat Leisure's value of 9.05 is 635.8% above this benchmark. Historically, Aristocrat Leisure's own Cyclically Adjusted PB Ratio has ranged from 6.64 to 33.47 over the past decade. While the company's 10-year median is 16.69 vs. the industry median of 1.23, Aristocrat Leisure has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted PB Ratio for a Travel & Leisure company?
The median Cyclically Adjusted PB Ratio among Travel & Leisure companies is 1.23, based on 649 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Aristocrat Leisure's current Cyclically Adjusted PB Ratio of 9.05 is 635.8% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted PB Ratio mean?
A high Cyclically Adjusted PB Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on Aristocrat Leisure and its competitors. For the Travel & Leisure industry, the median Cyclically Adjusted PB Ratio is 1.23 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Aristocrat Leisure's current Cyclically Adjusted PB Ratio is 9.05, which is 46% below median its own 10-year median of 16.69. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Aristocrat Leisure stock overvalued right now?
Based on GuruFocus' analysis, Aristocrat Leisure (ASX:ALL) is currently considered Modestly Overvalued. The stock's GF Value™ is A$53.14, compared to a current price of A$61.74 — trading 16.2% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 9.05, which is 46% below median its 10-year median of 16.69 and 635.8% above the Travel & Leisure industry median of 1.23. Aristocrat Leisure's overall GF Score™ is 93/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted PB Ratio calculated?
Cyclically Adjusted PB Ratio is calculated from a company's financial statements. For Aristocrat Leisure (ASX:ALL), the current Cyclically Adjusted PB Ratio is 9.05 as of Jul. 11, 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 Aristocrat Leisure (ASX:ALL) Overvalued in 2026?
Based on GuruFocus' analysis, Aristocrat Leisure stock appears to be overvalued.
The current stock price of A$61.74 is trading 16.2% above its estimated GF Value™ of A$53.14.
GuruFocus considers Aristocrat Leisure to be Modestly Overvalued.
Key valuation signals for ASX:ALL:
Cyclically Adjusted PB Ratio: 9.05 (46% below median its 10-year median of 16.69)
GF Value™: A$53.14 vs. price of A$61.74 (16.2% above fair value)
Industry Position: 635.8% above the Travel & Leisure median (#608 of 649)
No single metric tells the full story. See the ASX:ALL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Aristocrat Leisure is an electronic gaming machine manufacturer that sells machines to pubs, clubs, and casinos. The firm is licensed in all Australian states and territories, North American jurisdictions, and essentially every major country. Aristocrat is one of the top three largest players in the space along with International Game Technology and Light & Wonder. The company also develops and distributes mobile games, principally in the social casino niche. The more nascent iGaming business sits between these two businesses, providing digital content and capabilities to real-money gaming providers.
93GF Score
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