Reef Casino TrustASX:RCT +3.33%74 Cyclically Adjusted PB Ratio is 13.29 as of Jul. 12, 2026, which is 35% above its 10-year median of 9.82. GuruFocus rates ASX:RCT with a GF Score™ of 74/100 and a GF Value™ of A$3.01 (Modestly Overvalued). The stock has 9 warning signs investors should review. Among 652 Travel & Leisure companies, Reef Casino Trust ranks worse than 96.63% on this metric.
The historical rank and industry rank for Reef Casino Trust's Cyclically Adjusted PB Ratio or its related term are showing as below:
ASX:RCT'
s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 4.26 Med: 9.82 Max: 13.43
Current: 13.12
During the past 13 years, Reef Casino Trust's highest Cyclically Adjusted PB Ratio was 13.43. The lowest was 4.26. And the median was 9.82.
ASX:RCT's Cyclically Adjusted PB Ratio is ranked worse than 96.63% of 652
companies
in the Travel & Leisure industry
Industry Median: 1.23
vs ASX:RCT: 13.12
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.
Reef Casino Trust's adjusted book value per share data of for the fiscal year that ended in Dec25 was A$0.245. 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$0.28 for the trailing ten years ended in Dec25.
Shiller PE for Stocks: The True Measure of Stock Valuation
Reef Casino Trust (ASX:RCT) 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.
Reef Casino Trust Cyclically Adjusted PB Ratio Related Terms
Reef Casino Trust Cyclically Adjusted PB Ratio Historical Data
* Premium members only.
The historical data trend for Reef Casino Trust'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.
Reef Casino Trust Cyclically Adjusted PB Ratio Chart
ASX:RCT vs LVS, MGM, WYNN: Cyclically Adjusted PB Ratio Comparison
For the Resorts & Casinos subindustry, Reef Casino Trust'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.
Reef Casino Trust Cyclically Adjusted PB Ratio vs Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, Reef Casino Trust's Cyclically Adjusted PB Ratio distribution charts can be found below:
* The bar in red indicates where Reef Casino Trust's Cyclically Adjusted PB Ratio falls into.
Reef Casino Trust 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.
Reef Casino Trust'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 13.29 mean?
Reef Casino Trust (ASX:RCT) has a Cyclically Adjusted PB Ratio of 13.29 as of Jul. 12, 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 Reef Casino Trust and its competitors. This is 35% above median its historical median of 9.82. Over the past decade, Reef Casino Trust's Cyclically Adjusted PB Ratio has ranged from 4.26 to 13.43. According to the industry distribution chart, Reef Casino Trust ranks #630 out of 652 companies in the Travel & Leisure industry, placing it in the top 96.6%.
Is Reef Casino Trust's Cyclically Adjusted PB Ratio too high?
Reef Casino Trust's current Cyclically Adjusted PB Ratio of 13.29 is 35% above median its 10-year median of 9.82. Over the past 10 years, this metric has ranged from a low of 4.26 to a high of 13.43. The Travel & Leisure industry median Cyclically Adjusted PB Ratio is 1.23. Reef Casino Trust's value of 13.29 is 980.5% above this industry median. Based on the distribution chart, Reef Casino Trust ranks #630 out of 652 companies in the Travel & Leisure industry, which is in the bottom quartile relative to peers. Overall, Reef Casino Trust has a GF Score™ of 74/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Reef Casino Trust's Cyclically Adjusted PB Ratio compare to LVS and MGM?
According to the Travel & Leisure industry distribution chart, Reef Casino Trust ranks #630 out of 652 companies for Cyclically Adjusted PB Ratio. This places Reef Casino Trust in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.23. Reef Casino Trust's value of 13.29 is 980.5% above this benchmark. Historically, Reef Casino Trust's own Cyclically Adjusted PB Ratio has ranged from 4.26 to 13.43 over the past decade. While the company's 10-year median is 9.82 vs. the industry median of 1.23, Reef Casino Trust 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 652 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. Reef Casino Trust's current Cyclically Adjusted PB Ratio of 13.29 is 980.5% 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 Reef Casino Trust 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. Reef Casino Trust's current Cyclically Adjusted PB Ratio is 13.29, which is 35% above median its own 10-year median of 9.82. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Reef Casino Trust stock overvalued right now?
Based on GuruFocus' analysis, Reef Casino Trust (ASX:RCT) is currently considered Modestly Overvalued. The stock's GF Value™ is A$3.01, compared to a current price of A$3.72 — trading 23.6% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 13.29, which is 35% above median its 10-year median of 9.82 and 980.5% above the Travel & Leisure industry median of 1.23. Reef Casino Trust's overall GF Score™ is 74/100 with 9 warning signs 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 Reef Casino Trust (ASX:RCT), the current Cyclically Adjusted PB Ratio is 13.29 as of Jul. 12, 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 Reef Casino Trust (ASX:RCT) Overvalued in 2026?
Based on GuruFocus' analysis, Reef Casino Trust stock appears to be overvalued.
The current stock price of A$3.72 is trading 23.6% above its estimated GF Value™ of A$3.01.
GuruFocus considers Reef Casino Trust to be Modestly Overvalued.
Key valuation signals for ASX:RCT:
Cyclically Adjusted PB Ratio: 13.29 (35% above median its 10-year median of 9.82)
GF Value™: A$3.01 vs. price of A$3.72 (23.6% above fair value)
Industry Position: 980.5% above the Travel & Leisure median (#630 of 652)
No single metric tells the full story. See the ASX:RCT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Reef Casino Trust is engaged in the operation of the Reef Hotel-Casino Complex located in Cairns, Queensland, Australia. The company derives revenue from the casino, which includes electronic gaming and table games, and the hotel, which includes room accommodation and food and beverage, and others. The majority of the revenue is generated from the rental income received from the casino operations. The company operates in two segments, which includes Casino operations and Hotel segment.
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